Metal

Barrick Gold Corp (ABX.TO) has reported that its Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, following a massive landslide that struck the Enga province where the mine is located. The landslide buried more than 2,000 people, according to the Papua New Guinea government, […]

Kazakh uranium miner Kazatomprom (KZAP.KZ, KAPq.L) reported a first-quarter profit of 93.245 billion tenge ($211.2 million), down 14.6% from 109.2 billion tenge a year earlier. The company, which is the world’s largest producer of uranium, cited lower sales volumes and a decrease in the average realized price as the main factors contributing to the decline […]

Australian mining group Berkeley Energia (BKY.L) has filed a request for arbitration to seek $1 billion in damages from the Spanish government. This comes after Spain refused to give final approval for Berkeley’s Retortillo uranium mine project. The Retortillo project, Berkeley’s main asset, received preliminary approval in 2013. However, Spain’s Energy Ministry refused to approve […]

Thyssenkrupp (TKAG.DE) has announced that Martin Stillger, the head of its materials services trading unit, will step down at the end of May. The resignation has drawn criticism from Germany’s largest union, IG Metall, which believes the decision was forced by Thyssenkrupp’s group CEO, Miguel Lopez. The materials services trading unit accounted for more than […]

Iron ore futures prices declined on Monday as investors and traders liquidated long positions to capitalize on profits amid concerns over faltering consumption in top consumer China and rising global shipments. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended the day’s trading session 1.1% lower at 899 yuan ($124.10) per […]

Shanghai aluminum futures rose on Monday, buoyed by a price rally in the key raw material, alumina, as well as the fast-growing demand from the new energy sector. The most-traded July aluminum contract on the Shanghai Futures Exchange gained 0.1% to 20,910 yuan ($2,886.41) per metric ton during the day’s trading. This was not far […]

Arafura Rare Earths, an Australian rare earths explorer, has secured up to $300 million in debt financing from Export Development Canada (EDC) for its Nolans Project located in the Northern Territory of Australia. The funding comes after the Australian government earlier this year pledged up to A$840 million ($556.42 million) to diversify the global supply […]

According to a person familiar with the matter, key shareholders of Anglo American, including the asset management firm BlackRock, encouraged the mining company to continue engaging in talks with BHP Group over the proposed £38.6 billion ($49.18 billion) merger. BHP, the world’s largest listed mining group, has been granted a one-week extension until May 29 […]

According to a source familiar with the matter, Russian metals giant Nornickel is planning a joint project to build a platinum group metals (PGMs) refinery in Bahrain. Nornickel is the world’s largest producer of palladium and a major producer of platinum, accounting for 41% and 12% of global mine output respectively. Both metals are primarily […]

A UK-based activist investor, Palliser Capital, has called for mining giant Rio Tinto to abandon its primary London listing and instead unify its corporate structure in Australia. According to a report by the Financial Times, Palliser Capital, which has taken up a stake in Rio Tinto, believes the company’s dual corporate structure is a “barrier […]