Rio Tinto has posted a strong financial performance for the first half of 2024 as the major miner prepares to ramp up growth investments. The company posted an underlying EBITDA of $12.1 billion with net cash generated from operating activities of $7.1 billion. Rio...
Long-term uranium contract prices have hit over 16-year highs on supply uncertainty and higher demand from utilities scrambling to secure the radioactive fuel to aggressively expand their capacity to power mushrooming AI data centers. Term prices are now around $79...
BHP and Lundin Mining have announced a major joint acquisition of Filo Corp., a Toronto Stock Exchange-listed company, through a Canadian plan of arrangement. The acquisition, valued at approximately $C4.1 billion, represents a 32.2 per cent premium over the company’s...
BHP’s Spence copper mine in Chile has celebrated three months of 100 per cent autonomous operations. Spence is part of BHP’s Pampa Norte operations in northern Chile. Since achieving full autonomous mining, Spence has moved 80 million tonnes of material without any...
Emerging copper company Cyprium Metals has entered into a commercial strategic partnership with Glencore to expedite the recommencement of copper production from the Nifty copper mine. The partnership will focus on four key areas: cathode offtake, sulphuric acid...
