MineralResources

Saudi Arabia Expands Mining Frontier: Major Players Given Exploration Leases

15 days ago

In a significant move to bolster its mineral exploration sector, Saudi Arabia has awarded exploration leases to several major international mining companies. This initiative is part of the Kingdom's broader strategy to diversify its economy away from oil dependency, as it grapples with the growing pressures of climate change and fluctuating oil markets.

Ontario Proposes Ban on Chinese Involvement in Key Mineral and Energy Deals

2 months ago

In a significant policy shift aimed at securing its mineral and energy resources, the Ontario government has announced plans to prohibit any agreements between the province and Chinese firms regarding essential minerals and energy projects. This move, revealed in a press release, underscores the growing concerns around foreign influence in critical supply chains, particularly from the Chinese government.

China Leverages Tungsten Dominance in Trade Tensions

2 months ago

In a strategic move reminiscent of the ongoing global trade frictions, China has utilized its dominant position in the tungsten market to send a strong message to its trading partners, particularly in the context of the escalating tensions with the United States. This development marks a significant turning point in international trade relations, particularly as nations vie for critical minerals essential for high-tech manufacturing and defense capabilities.

Tin Mining Giant Alphamin Takes a Hit as Rebel Forces Capture City in the Democratic Republic of the Congo

2 months ago

The Congolese tin mining company Alphamin Minerals has faced a significant downturn following the recent capture of a key city by rebel forces in the eastern Democratic Republic of the Congo (DRC). This shocking development threatens not only the stability of the region but also the operational capabilities and financial performance of Alphamin, whose mine is situated near the volatile area.

Pension Fund HESTA Intensifies Pressure on Mineral Resources Board

5 months ago

In a notable development within the Australian investment landscape, HESTA, one of the country's largest pension funds, has ramped up its efforts to influence the governance of Mineral Resources Limited (MRL). The superannuation fund, which primarily caters to workers in the health and community services sectors, is advocating for enhanced board diversity and accountable representation within MRL's leadership.

Mineral Resources CEO Ellison Under Investigation by Watchdog

5 months ago

Mineral Resources Ltd, an Australian mining and mineral processing company, is currently facing scrutiny as its chief executive, Chris Ellison, becomes the subject of an investigation led by corporate regulators. This probe was revealed by the Australian Financial Review (AFR), raising significant concerns within the mining industry and among investors.