Rio Tinto has delivered strong financial results for the year ending December 31, 2024, highlighting its resilience and strategic growth despite challenges in the market. The company reported underlying earnings before interest, taxes, depreciation and amortisation...
Brazilian miner Vale reported on Wednesday a $694-million loss in the fourth quarter, missing estimates and swinging from a hefty profit a year earlier, as it logged impairments on some of its base metals assets in Canada. Vale, one of the world’s largest...
Rio Tinto CEO Jakob Stausholm has expressed caution regarding the potential impact of US President Donald Trump’s proposed 25% import tax on all steel and aluminium, stating that the ultimate effect on the company remains uncertain. Speaking from Washington DC,...
Chilean state-run copper giant Codelco and London-listed miner Anglo American are set to announce a deal to jointly operate neighboring copper mines in central Chile, according to a report by newspaper La Tercera late on Wednesday. Under the agreement, expected...
BHP Group, the world’s largest listed miner, on Wednesday said it raised $3-billion through an issue of senior unsecured bonds in the United States. The bonds will be issued in three tranches by BHP’s subsidiary in the US and will be guaranteed by the...
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...
