Andy Home, recycling pioneer, races to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race…
Andy Home, recycling pioneers racing to close rare earths scrap gaps
This question is more urgent now than ever after China restricted its exports in the first half of this year. The move sent shockwaves throughout Western manufacturing chains. The race…
Anglo-Teck merger proposal could end mining consolidation deadlock
Anglo American's and Teck Resources' planned $53 billion merger announced on Tuesday is a major breakthrough following years of failed consolidation efforts in the mining sector. It could also spur rivals into action.
Anglo American and Teck Resources, Canada to merge in $50 billion deal
Anglo American announced on Tuesday that it had agreed to merge with Teck Resources. The London-listed miner would own approximately 62.4% of the combined company and the Canadian miner would hold 37.6%.
Copper miner Teck delays major project approvals during operations review
Teck Resources, a Canadian mining company, announced on Wednesday it had undertaken an operations review of the entire company and would delay approval of major growth projects until its Quebrada blanca (QB)…
Glencore to cut jobs at South African vanadium and ferrochrome operations
Glencore announced on Monday that it has begun a retrenchment at its Rustenburg joint venture ferrochrome and vanadium operations, as economic pressures continue. According to Glencore's estimates…
Andy Home: A quiet revolution is taking place in the mining industry
If the world wants to move away from fossil fuels, it will need to have a large amount of copper. Can the mining industry meet this demand? The challenges are enormous. The challenges are huge.
US Defense Department buys cobalt up to $500 Million
As part of its efforts to increase the supply of critical minerals, the U.S. wants to buy cobalt for up to $500,000,000 to be used in defense stockpiles. After China implemented restrictions on rare earth magnets…
Glencore targets one million tons of copper production in Argentina by the end of this decade
The CEO of Glencore's Latin American operations said that the company expects to produce one million tons of copper in Argentina in 10 to 15 years. Martin Perez de Solay, Glencore Argentina's CEO…
Andy Home: Zinc market ignores low LME stock as a false signal
Zinc stocks at the London Metal Exchange (LME), have fallen for seven consecutive months. The remaining zinc stocks would only cover one day of global consumption. No one has told the…
Mining giants squeeze their dividends to fund growth
This earnings season has seen large miners pay out the lowest dividends they have paid in years. Mineral prices are falling and they must retain cash to fund their massive development plans, all while keeping costs down.
Glencore warns that a ban on exports from Congo could result in a large portion of its cobalt production not being sold by the end of 2025
Glencore announced on Wednesday that a large portion of its cobalt output would likely remain unsold at the end of 2025, due to the suspension of cobalt sales by the Democratic Republic of Congo.
Glencore's rejection of US listing boosts UK markets
Glencore has decided to keep its main listing in London. It will not move to the United States at this time. This is a rare victory for London's markets which are shrinking because of a lack of new shares.
Glencore's interim profits fall 14% due to lower coal prices and reduced copper output
Glencore, the global miner and trader, reported on Wednesday a drop of 14% in its first-half core profit, due to lower coal prices, a decrease in copper production and operational issues at some mines.
Due to disagreements, informal miners in Peru have suspended talks with the government.
One of the leaders of the protest said that informal miners in Peru may resume their protests if they cannot reach an agreement with the government. Maximo Franco, the union leader of CONFEMIN…
Glencore expects to save $1 billion by 2026 following a review of its assets
Glencore reported on Wednesday lower copper production in the first half and said that it hopes to save $1 billion by the end 2026 as part of an industrial asset review. Glencore revised…
Chile bumps up copper price forecast, flags lagging Collahuasi output
Chile, the world's largest copper supplier, raised its forecast for prices on Wednesday. However it noted that lagging production from major mines operated by Glencore or Anglo American…
Zelestra, a Spanish renewable energy company, aims to invest $1 billion in Peru's mines.
Zelestra, a Spanish company with a Latin American CEO, plans to invest $1 billion over five years in renewable energy plants that will power mines in southern Peru's copper-rich region.
Protest leader: Miners remove blockades from key copper route in Peru
Luis Huaman said on Tuesday that the protests of Peruvian miners who were allowed to operate temporarily with permits had ceased. The protests, which blocked a major copper transport route for over two weeks…
Even as money flows in, tariffs and geopolitics are dragging down European IPOs
Advisors say that the Middle East and tariffs are scaring investors and European companies, even though volatility has subsided and money is flowing back into equity markets. The global…