Rio Tinto concludes $525m deal to divest Cortez gold royalty
The deal provides the royalty firm with an effective 1.2% gross royalty in an area within the Cortez complex.
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Malawi seeks mining taxes of over $300bn from Columbia Gem House
Columbia Gem House’ subsidiary was accused of paying $600 in taxes against anticipated revenues of $24bn from Malawi operation.
US copper output to grow by 3% in 2022, backed by output from Freeport-McMoRan
Copper production from Freeport-McMoRan accounted for 53.8% of the country’s total production.
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USCM reaches deal to invest in rare earth projects
The two firms will form a new entity, which will own a 100% stake in the two rare earth projects…
Ford signs deals with mining majors to drive EV shift
The firm plans to invest $50bn through 2026 to boost its annual global EV production rate to more than two…
Teck partners with PolyMet to develop Minnesota mining projects
The new JV is expected to help unlock a new domestic critical metals supply for the low-carbon transition.
South32 to offload copper and nickel royalty portfolio to Anglo Pacific
Anglo Pacific will make a cash payment of $47.6m and issue $82.4m worth of shares to South32.
Tenaris signs $460m takeover for steel pipe producer Benteler
The acquisition forms part of Tenaris’ efforts to expand its manufacturing capabilities in the country.