Private equity deals in mining sector tumble by half in 2024 — reportTotal transaction value as of Sept. 30 was $4.76 billion, down more than 50% compared to the $10.52 billion registered in the full year 2023.Staff Writer | October 29, 2024 | 1:02 pm
India’s festive gold buying spree continues, defying record priceIndian buyers of gold brushed off record high prices and…Reuters | October 29, 2024 | 7:54 am
Vale, Jinnan invest $627m in iron ore plant in OmanFacility in the port city of Sohar will process 18…Staff Writer | October 28, 2024 | 10:05 am
Korea Zinc attempts to fend off takeover with $1.5 billion share buyback Korea Zinc announced Monday it has secured a 9.85% stake in the company via a tender offer that expired last week. Reuters | October 28, 2024 | 1:48 am
Coal billionaire Tykac eyes growth in bet against ESG uptake Pavel Tykac’s Sev.en Group has taken advantage of cheap valuations to buy up coal power stations and mines in the US, Australia and Vietnam. Bloomberg News | October 25, 2024 | 9:20 am
Thungela CEO sees world shunning new coal as boon for existing mines New coal investment may be drying up, but for miners like Thungela that could be a boon if Asia's ravenous appetite keeps prices bouyant. Reuters | October 25, 2024 | 7:25 am
Anglo American copper, diamond output down in Q3, 2024 guidance unchanged Copper will make up 60% of Anglo's business after it sells its Australian steelmaking coal assets and nickel mines in Brazil. Reuters | October 24, 2024 | 3:56 am
Potash supply nears pre-war levels, pushing producers to cut output Russian producers have increased shipments to China and India via new rail routes since Russia exited the Black Sea grain deal last year. Reuters | October 23, 2024 | 8:09 am
Rebels take control of Myanmar rare earth mining hub With Myanmar responsible for 57% of global dysprosium and terbium supply, prolonged disruption would limit feedstock for permanent magnets used in virtually all EV motors. Staff Writer | October 23, 2024 | 3:21 am
Brazil seeks to woo partners in revived ambition to uncover uranium riches Latin America’s biggest economy holds 5% of the world’s uranium resources but only produces a tiny amount. Bloomberg News | October 22, 2024 | 11:10 am
Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates Freeport's quarterly average realized price for copper was $4.30 per pound, compared with $3.80 per pound a year earlier. Reuters | October 22, 2024 | 6:45 am
India seeks critical mineral agreement with US, hopes for a trade pact Earlier this month, India and US signed an initial pact to cooperate on strengthening supply chains for lithium, cobalt and other critical minerals. Reuters | October 19, 2024 | 1:24 pm