Just five months after announcing its intention to acquire Alumina Limited, Alcoa has now officially taken the reins. Alcoa president and chief executive officer William F. Oplinger welcomed the closure of the $2.8 billion deal, which will increase Alcoa’s ownership...
Glencore has maintained its 2024 production guidance and added additional steelmaking coal volumes for the second half of the year. The ramp up follows Glencore’s successful takeover of Canadian-based Elk Valley Resources (EVR), Teck Resources’ steelmaking coal...
New Gold has produced 68 598 oz of gold and 13.6-million pounds of copper for the second quarter ended June 30. This was achieved at an operating expense of $1 156/oz of gold sold, with an all-in sustaining cost (AISC) of $1...
Albemarle, the world’s largest lithium producer, said it would slash costs for the second time this year and that everything but its dividend could be on the chopping block. The aggressive move was caused by tumbling prices for the metal used to make electric...
The three months to the end of June saw spot manganese ore prices rise 56%, driven by the temporary closure of the cyclone-damaged Gemco manganese mine in Australia, Jupiter Mines reported on Wednesday. The Sydney-listed Jupiter operates South Africa’s Tshipi...
Integra Resources announced it will buy Florida Canyon Gold, creating Great Basin-focused gold and silver producer. The merged company will have immediate gold production of 70 000 oz of gold-equivalent a year from the Florida...
