Major miner Rio Tinto is looking to invest more in its Kennecott operation near Salt Lake City, Utah, in a bid to strengthen its copper supply in the US. To do so, Rio will increase production from underground mining at the site while also improving the health of key...
Australian energy major Woodside has approved the $7.2-billion Trion development in Mexico, subject to joint venture approval. Woodside’s share of capital expenditure would amount to $4.8-billion, with the company holding a 60% interest in Trion and acting as...
For a company with “gold” in its name, Barrick Gold Corp. has become noticeably fixated on copper. The world’s second-largest bullion producer recently approached First Quantum Minerals to discuss a potential takeover, reported last week. And while the move was...
After selling its CSA copper mine in Cobar, New South Wales, to Metals Acquisition Corp (MAC) for $US1.1 billion ($1.64 billion) earlier this month, Glencore and MAC have officially closed the sale. Under the transaction, Glencore has received $US775 million...
Lithium Power International (LPI) has parted with its Australian subsidiary, Western Lithium, to Albemarle for a tidy $30 million. The cash for shares agreement is expected to wrap up on July 3, and will see Albemarle take ownership of the Greenbushes and Pilgangoora...
