Japanese conglomerate Mitsui & Co has announced a $5.34-billion acquisition of a 40% stake in the Rhodes Ridge iron-ore project in Australia. As part of the transaction, Mitsui will acquire VOC Group’s entire 25% interest in Rhodes Ridge for $3.34-billion and has...
MMG Singapore Resources will become the new owner of Anglo American’s nickel business in a $500 million deal. Anglo’s nickel business includes two ferronickel operations – Barro Alto and Codemin – and two greenfield growth operations – Jacaré and Morro Sem Boné – in...
China’s power industry began construction on nearly 100 gigawatts of new coal plant capacity last year, the most in nearly a decade, a report from two clean energy groups said last Thursday. The development raises concerns about the ability of the world’s...
Iluka Resources navigated a complex global market in 2024, balancing inflationary pressures and shifting demand while advancing its strategic projects. Iluka managing director and chief executive officer Tom O’Leary spoke about the company’s ability to maintain...
As populations and the transition to renewable energy continue to grow, BHP is confident in its ability to supply the metals and minerals the world will need. BHP chief executive officer Mike Henry said the Big Australian is well-positioned to leverage its strong...
