Tag: Metals and Mining

The Canadian government has approved Glencore’s $6.93 billion acquisition of miner Teck Resources’ steelmaking coal unit with strict conditions to preserve jobs, the country’s industry minister said on Thursday.

Global miner Rio Tinto is negotiating with workers at its Oyu Tolgoi copper operations in Mongolia to avert further industrial action over a sharp drop in wages that triggered an earlier strike in May.

Στη Γενική Συνέλευση της Βιοκαρπέτ στις 19.6.2024, οι μέτοχοι μεταξύ άλλων ενέκριναν την επιστροφή κεφαλαίου €0,02/μετοχή.

Gold Fields on Thursday lowered its annual gold production forecast after bad weather impacted the ramp-up at its new Salares Norte mine in Chile, sending its shares down 8%.

Kazatomprom signed a new agreement with the Kazakhstan government for uranium mining at its Inkai 3 deposit, as the world’s largest uranium producer bolsters its position.

Anglo American on Wednesday rejected BHP Group’s last-ditch request for more time to discuss a $49 billion takeover offer, dismissing it as highly complex and likely ending a five-week pursuit by the bigger rival.

NAC Kazatomprom net profit fell for the first quarter on lower natural uranium sales. Kazatomprom, the world’s largest producer of uranium, said sales of natural uranium fell 55% mostly due to the timing of customer-scheduled deliveries.

Anglo American plans to spin off its highly prized De Beers diamond unit as part of a sweeping restructuring of its 107-year-old business as it seeks to fend off persistent takeover bids from mining rival BHP Group. 

The world’s largest producer of uranium, NAC Kazatomprom, said first-quarter production rose but sales volumes tumbled on weaker demand, while it backed its full-year guidance.

Shares of lithium miner Albemarle were rising in premarket trading Thursday after earnings fell dramatically year over year but still beat Wall Street estimates.

Barrick Gold Corporation announced today that its first-quarter earnings per share (EPS) outperformed analyst expectations by $0.03, coming in at $0.19 compared to the consensus estimate of $0.16.

Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer “significantly undervalues” the company and its future prospects.

Newmont Corp beat Wall Street estimates for first-quarter profit on Thursday, as the world’s largest gold miner benefited from strong production.

Two of the world’s largest mining giants are considering merging in what would be one of the biggest industry moves in years, something that would likely reshape the playing field for U.S.

Alcoa posted a wider loss in the first quarter after lower aluminum prices and higher production costs dented results.

Η Mytilineos συνεργάζεται με τη Citi και τη Morgan Stanley διερευνώντας πιθανή εισαγωγή του στο London Stock Exchange εντός του έτους, σύμφωνα με το Sky News.

Τα οικονομικά αποτελέσματα 2023 ανακοίνωσε η Viohalco με τον ενοποιημένο κύκλο εργασιών να ανέρχεται σε 6,30 δισ. ευρώ έναντι 6,99 δισ. ευρώ το 2022, λόγω χαμηλότερων όγκων και μειωμένων τιμών μετάλλων, όπως σημειώνει η εταιρεία.

Shares of lithium miner Albemarle are falling because the company is raising more capital, and shareholders are wary of the potential dilution.

Alcoa offered to buy out an Australian aluminum partner for $2.2 billion, increasing its weight in the global markets for alumina and bauxite—raw materials used for making aluminum.

Shares of global mining groups listed in London were under pressure Tuesday as concerns about weak growth in China pushed iron ore prices to their cheapest in three months.