mining

Anglo American (OTC:AAUKF) has agreed to sell its Australian steelmaking coal portfolio to Peabody Energy (NYSE:BTU) for up to $3.8 billion. The sale marks another step toward future-facing commodities, following the $1.1 billion sale of its stake in the Jellinbah Group earlier this month. “...

The Mexican Ministry of Finance (SHCP) has proposed raising mining royalties in the 2025 federal budget bill. The proposal suggests increasing two key taxes on mining activities, which is at a risk to the sector and the country's economy. What Happened? The SHCP plans to raise the special tax on...

BHP (NYSE:BHP) has announced plans to invest up to $14 billion to enhance its copper production in Chile, as revealed during a three-day site tour of its operations. This substantial capital expenditure aims to secure the long-term future of its assets in the region and support the growing global...

Australia's Sayona Mining (OTC:SYAXF) and U.S.-based Piedmont Lithium (NASDAQ:PLL) announced a merger. The two companies intend to form North America's largest hard rock lithium producer. The all-stock deal results from a 50-50 equity split, creating a strengthened entity capable of navigating the...

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and weak Chinese demand. “Not only has China's recent stimulus package fallen short of investor expectations, but the...

On Thursday, Critical Metals Corp (NASDAQ:CRML) provided a project update for the Wolfsberg Lithium Project located in Austria.   Tony Sage, CEO and Executive Chairman of Critical Metals Corp stated the significant strides made with the Company’s rare earth asset in Greenland and...

Mali's military government is demanding a $162 million tax settlement from Australia's Resolute Mining (OTC:RMGGY) following the detention of its CEO, Terry Holohan, during a visit to the country. Holohan was detained in Bamako, Mali's capital, along with two colleagues after attending meetings...

Resolute Mining (OTC:RMGGY) CEO Terry Holohan, along with two other company executives have been detained by the military-led government in Mali. What Happened: The executives traveled to Bamako, Mali's capital, for meetings with local mining and tax authorities to address concerns over the company...

Mineral Resources (OTC:MALRF) faces uncertain times as founder and managing director Chris Ellison steps down amid serious governance issues. The issue has triggered a formal investigation by the Australian Securities and Investments Commission (ASIC) and scrutiny from the Australian Taxation...

Albemarle Corporation (NYSE:ALB), the world's leading lithium producer, reported a challenging third quarter, revealing a net loss of $1.1b amidst a continued downturn in lithium prices. Despite a market slump, fueled by a supply surplus from China and a demand-dampening slower EV adoption –...

The U.S. election results have stirred up first reactions in the markets. Analysts from JPMorgan Chase & Co see Donald Trump’s return to the White House as a potential shift in the commodity market. The bank’s equity research analyst, Bill Peterson, noted Trump’s history of...

Anglo American (OTC:AAUKF) has agreed to sell its 33.3% stake in the Jellinbah Group to Zashvin for $1.1 billion. Per the plan laid out earlier this year, the company is focusing on copper, iron ore, and crop nutrients. The joint venture holds a 70% interest in two major metallurgical coal mines in...

As Election Week 2024 is upon us, Wall Street is geared up for sector-specific shakeups, with JPMorgan's Bill Peterson spotlighting a decisive split in potential stock moves. With a Democratic win likely to power up the clean energy sector and a Donald Trump victory poised to boost steel, the...

Despite a strong push for renewable energy, coal remains a key variable in meeting electricity demand. The disparity between the rapid pace of electrification and slower demand for renewable infrastructure has stalled its phaseout efforts. Last month, the International Energy Agency (IEA) revised...

BHP (NYSE:BHP) has backtracked on remarks by its Chairman, Ken Mackenzie, about "moving on "from its failed $49 billion bid for Anglo American (OTCQX:AAUKF). During BHP's annual shareholder meeting in Brisbane, MacKenzie had suggested that the Anglo American acquisition was a "nice to have, not a...