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BHP Group is negotiating with startup Jetti to use its technology at the world’s biggest copper mine, Escondida in Chile. → Read More
First Quantum approved a US$1.25 billion project to expand its Kansanshi copper mine in Zambia after the new government committed to a more predictable investment climate. → Read More
Rio Tinto Group cemented itself as one of the big winners in the global economic rebound from the pandemic by delivering its highest-ever profits and announcing another massive dividend. → Read More
Commodities prices may stay high for decades as mining companies struggle to keep up with demand from the energy transition, according to BlackRock Inc.’s Evy Hambro. → Read More
The U.K. opposition Labour Party has taken its biggest lead over the ruling Conservative Party since 2014 in a new opinion poll, in the latest sign that allegations around Covid-19 rule-breaking parties are eroding support for Prime Minister Boris Johnson. → Read More
Rio Tinto Group said it will spend US$2.4 billion building a lithium mine in Serbia, in the latest sign that the biggest miners are pushing into metals poised to benefit from the green-energy transition. → Read More
BHP Group agreed to buy Noront Resources Ltd. to add a nickel project in Canada, trumping a bid by Australian mining magnate Andrew Forrest, as the world’s biggest miner accelerates its push into metals poised to benefit from the green-energy transition. → Read More
When headline crude futures topped US$70 a barrel on Tuesday, it was just the latest landmark in a banner year for raw materials. → Read More
A surge in commodity prices has Wall Street banks gearing up for the arrival of what may be a new supercycle -- an extended period during which demand drives prices well above their long-run trend. A major impetus is the massive stimulus spending by governments as they juice up their economies following pandemic lockdowns. The evidence includes surging copper and agricultural prices and oil back… → Read More
De Beers lifted diamond prices at its third consecutive sale as an industrywide recovery from the pandemic gathers pace. → Read More
De Beers implemented its biggest price increase for diamonds in years as the industry starts bouncing back from the pandemic-induced shutdown. → Read More
Glencore said Friday it is in final-stage negotiations to sell the 90 per cent holding it owns with Vancouver-based First Quantum Minerals Ltd. to state-owned ZCCM Investments Holdings Plc, which already owns the other 10 per cent. Glencore did not provide details on the value of the sale. → Read More
One of the biggest diamonds ever found has been unearthed in Botswana by a small Canadian miner that keeps discovering huge stones. → Read More
Endeavour Mining Corp., the acquisitive gold producer backed by Egyptian billionaire Naguib Sawiris, is in talks about a potential combination with Teranga Gold Corp. as it seeks to build scale. → Read More
De Beers sold the most diamonds since the coronavirus crisis brought the industry to a halt, after price cuts and recovering demand lured buyers back. → Read More
De Beers has cut prices for smaller diamonds in its latest move to draw customers back to the market after the coronavirus froze up trading in precious stones. → Read More
Rio Tinto Group Chief Executive Officer Jean-Sebastien Jacques will exit the miner in the wake of concerted investor pressure to step up its response to the destruction of ancient Aboriginal heritage sites in Australia. → Read More
(Bloomberg) -- De Beers is considering ways to restructure mines, expand in jewelry and overhaul diamond sales, as the world’s biggest and oldest producer rethinks its entire business in an industry left paralyzed by the pandemic. → Read More
Canadian miner Yamana Gold Inc. plans to list in London in the coming months, potentially signaling a revival in fortunes for the city that’s lost its biggest gold names in recent years. → Read More
The coronavirus froze up the diamond market so dramatically that the two biggest producers hardly sold any gems at all in the last three months, their combined sales plunging 94 per cent from a year earlier. → Read More