South32 to acquire Sumitomo’s stake in Chilean copper mine for $2bn
The Sierra Gorda mine is estimated to hold more than one billion tonnes of copper-molybdenum-gold sulphide mineral reserves.
Commodities
Rio Tinto trials new technology for low-carbon steel
Developed by the miner over the past decade, the process replaces coking coal with biomass...
Copper prices hit two-month peak
Copper prices have hit a two-month peak, despite power shortages caused by the global energy...
Silvercorp wins auction to buy Kuanping project in China
A Silvercorp subsidiary is due to enter a share transfer agreement to acquire the Kuanping...
EV Metals plans to invest $3bn in Saudi Arabia mineral processing plants
Besides building the plants over the next nine years, the investment will later be expanded...
BHP CEO open to “tougher jurisdictions” in hunt for resources
BHP’s CEO has said that the miner is open to entering tougher jurisdictions in its hunt for future facing commodities.
Glencore to sell Bolivia zinc assets to Santa Cruz Silver Mining for $110m
Glencore’s Bolivian zinc assets include a 100% stake in Sinchi Wayra and 45% stake in Sociedad Minera Illapa.
Freeport begins construction of $3bn Indonesian copper smelter
Planned to be commissioned in late 2023 or early 2024, the new facility will produce 1.7Mt a year of copper concentrate.
Westwater board clears Phase I construction of Coosa Graphite Project
The project will have an initial processing capacity of approximately 8,050mt a year of graphite concentrate.
Freehill Mining begins start-up operations at Chilean magnetite project
The Yerbas Buenas magnetite project will have a production rate of around 5,000t/m, under the current permit.
Aluminium price hits 13-year high
Aluminum prices have surged to a 13-year high on the back of the deepening power crisis.
