MiningNews

Glencore Engages in Negotiations to Divest Philippine Copper Smelting Operations

5 days ago

Glencore, the multinational commodity trading and mining company, is reportedly in advanced talks to sell its copper smelting unit located in the Philippines. This decision could mark a significant shift in the company's operational focus in the region, particularly given the growing demand for copper amid the global energy transition and increasing interest in sustainable mining practices.

Northern Star Resources Acquires De Grey Mining in a Massive $5 Billion Deal

21 days ago

In a significant move within the mining industry, Northern Star Resources Ltd. has announced its intention to acquire De Grey Mining Ltd. in a transaction valued at an impressive $5 billion. This strategic acquisition aims to bolster Northern Star’s presence in Western Australia’s gold sector, which has seen steady growth and interest from major players in the market.

Anglo American Secures $530 Million from Amplats Stake Sale Amidst Market Shifts

26 days ago

Anglo American, the prominent multinational mining company, has successfully raised an impressive $530 million through the strategic sale of a 6% stake in its subsidiary, Anglo American Platinum (Amplats). This financial maneuver comes at a crucial time, as the company positions itself to adapt to changing market dynamics and shifts in demand for platinum group metals.

Unprecedented Events: Australia’s Resolute Mining CEO and Executives Detained in Mali

1 month ago

In a startling development that has sent shockwaves through the mining sector, the Chief Executive Officer of Australia-based Resolute Mining, along with several other executives, has been detained in Mali. This situation raises significant concerns, not only for the company but also for investors and stakeholders engaged in the mining industry across Africa. The details surrounding the detainment remain murky, but the implications are potentially severe.

Eramet Completes Acquisition of Tsingshan's Stake in Argentine Lithium Project

2 months ago

In a significant move within the mining sector, Eramet, the French multinational that specializes in mining and metallurgy, has secured a complete buyout of Tsingshan Holding Group’s interest in a lithium project located in Argentina. The deal marks a pivotal step for Eramet as it positions itself as a key player in the burgeoning lithium market, fueled by the increasing demand for electric vehicles and renewable energy storage solutions.