US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer. The deal raises exposure for the major aluminium maker in the upstream...
The London Metal Exchange should classify its nickel contracts into “clean” and “dirty” contracts to give customers more choice, Australian iron ore magnate Andrew Forrestsaid on Monday. The comment by Forrest, chairman and founder of...
“As a larger, more diversified and vertically integrated company, we are better positioned to meet the needs of our customers and have even greater flexibility to take advantage of opportunities available throughout market cycles.” The Mount Cattlin mine in...
Yancoal chief executive officer David Moult has applauded the Yancoal team’s 19 per cent increase in run-of-mine coal production and 35 per cent reduction in total recordable injury frequency rate for 2023. “At the start of the year, we needed to rebuild mining...
Anglo American welcomed an increase in production in 2023 as it announced plans to expand in 2024. The company boosted production by two per cent across its operations in 2023, and increased its earnings before interest, taxes, depreciation, and amortisation (EBIDTA)...
Sandvik is introducing the Golden Shank, a patented corrosion protection coating for greatly increased service life and lower drilling cost per meter. The shank adapter encounters harsh conditions in many underground mines due to the use of highly corrosive water as...
