Anglo American has announced the disposal of its 33.3% minority stake in the Jellinbah Group for $1.1 billion (around R19.3bn) as it repositions its portfolio. This transaction involves two major steelmaking coal mines in Australia—the Jellinbah East and Lake...
Rio Tinto has completed its acquisition of Sumitomo Chemical Company’s (SCC) 20.64 per cent stake in New Zealand Aluminium Smelters (NZAS), marking a significant milestone for the company’s New Zealand operations. The transaction was finalised on November 1. NZAS,...
Hancock Prospecting has recorded an uptake in earnings for the 2023–24 financial year (FY24), delivering $5.56 billion in net profit after tax and $14.7 billion in revenue. The Gina Rinehart owned company credited the increase in profit to its consistent iron ore...
The US International Development Finance Corporation (DFC) has approved a $150-million loan to support the development of the Balama graphite mine, in Mozambique. The loan agreement follows a conditional commitment from DFC to Syrah Resources subsidiary...
In the race to secure copper for the clean energy transition and artificial intelligence applications, a range of companies are firing up abandoned assets once seen as financial liabilities to fast-track significant volumes of supply. The...
BHP has reinforced its strategic partnership with global technology leader ABB through a new multi-year global framework agreement. ABB, known for its expertise in industrial automation, electrification and digitalisation, is a critical technology partner across BHP’s...
