Australian gas producer Santos’ shares fell nearly 14% on Thursday after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7-billion bid for the company, saying commercial terms could not be agreed. While analysts raised concern about a third...
A new report has revealed that Australia could overtake the US to become the world’s second-largest producer of rare earth elements, behind China. The report, by global intelligence platform Earth Rarest, analysed Australia’s rare earths mining landscape,...
The US is in talks to set up a $5-billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals. The US International Development Finance Corp is in discussions to establish the fund...
Canadian Industry Minister Melanie Joly said she wuld be meeting the CEOs of Anglo American and Teck Resources next week to discuss their proposed merger. “There have been conversations with the companies, and clearly we wanted to make sure that there would be...
Indian mining and metals conglomerate Vedanta Ltd will continue to rely on coal as its primary energy source for mining operations, while aiming to increase the share of renewable sources in its energy mix, a top executive said on Tuesday. Coal accounts for nearly 70%...
