Anglo American has announced the signing of a memorandum of understanding (MoU) between its 50.1% owned subsidiary, Anglo American Sur SA (AAS), and Chilean state-owned mining company Codelco. The agreement outlines a framework for a joint mine plan for their adjacent copper mines, Los Bronces and Andina, aiming to increase copper production with minimal additional...
READ MOREMelten Energy & Metals has entered into two long-term agreements with Rio Tinto to enhance its supply chain for bauxite and alumina. These agreements support Melten’s expansion of its alumina production capacity at the Aluminium of Greece plant in Agios Nikolaos, Viotia, Greece. The investment will increase alumina output from 865,000 metric tonnes to 1,265,000...
READ MOREAnglo American has entered into a definitive agreement to sell its nickel business to MMG Singapore Resources, a subsidiary of MMG Limited, for up to $500 million. The transaction includes two ferronickel operations in Brazil—Barro Alto and Codemin—as well as two greenfield growth projects, Jacaré and Morro Sem Boné. The deal comprises an upfront cash...
READ MOREBHP announced that former National Australia Bank (NAB) CEO Ross McEwan will assume the role of chairman, succeeding Ken MacKenzie, who will step down on March 31. McEwan, a non-executive director at BHP since April 2024, previously led NAB and Royal Bank of Scotland. McEwan’s tenure comes at a time when BHP faces key decisions,...
READ MORENimy Resources has entered into a non-binding collaboration agreement with M2i Global to support the U.S. Department of Defense in securing a sustainable supply of gallium. The partnership aims to strengthen the supply chain for gallium, a critical material used in semiconductors, radar, and aerospace technologies. Under the agreement, M2i Global will pursue a gallium...
READ MOREStardust Power announced a supply agreement with Japan’s Sumitomo Corporation for at least 20,000 tonnes of lithium carbonate per year once its refinery in Oklahoma begins production. The initial term of the agreement is 10 years, starting from the first qualification of Stardust’s lithium carbonate product for Sumitomo’s customers, with the option to extend by...
READ MORECerrado Gold announced on Monday its plan to acquire all outstanding shares of Ascendant Resources, giving it an 80% interest in the Lagoa Salgada project in Portugal. Under the terms of the deal, Cerrado will issue one common share for every 7.8 Ascendant shares acquired, totaling approximately 27.7 million shares in exchange for 131.3 million...
READ MORESumitomo Metal Mining has acquired full ownership of Coral Bay Nickel (CBNC) after purchasing the remaining shares from Nickel Asia (NAC). In a stock exchange filing on Monday, NAC confirmed it signed a Special Purchase Agreement to sell its 15.625% stake in CBNC to Sumitomo. Prior to the transaction, Sumitomo already held an 84.38% majority...
READ MORELess than a week after securing an exclusive feedstock partnership with an automotive original equipment manufacturer (OEM) for its spoke facility in Germany, Toronto-based lithium-ion battery (LIB) recycler Li-Cycle Holdings Corp. has announced another similar agreement. The company has partnered with an additional automotive OEM to recycle LIBs at its German facility, expanding its commercial...
READ MOREAnglo American has completed the sale of its 33.3% stake in Jellinbah Group Pty Ltd to Zashvin Pty Ltd ahead of schedule. The transaction, initially expected to close in the second quarter of 2025, brings in total cash proceeds of AUD1.6 billion (approximately USD1.0 billion), including AUD228 million previously received. Jellinbah Group holds a 70%...
READ MORERHI Magnesita has finalized its acquisition of US-based Resco Group from Balmoral Funds LLC and management for an enterprise value of $410 million (€390 million). This marks the company’s largest investment since the 2017 merger of RHI and Magnesita. The acquisition strengthens RHI Magnesita’s position in North America by enhancing local production capabilities and securing...
READ MORENornickel, one of the world’s largest precious metals producers and a leader in non-ferrous extraction, has signed a cooperation agreement with BelAZ, the leading CIS manufacturer of mining dump trucks. This partnership focuses on the development and production of specialized machinery tailored for Nornickel’s mining operations, aiming to reduce reliance on imported equipment and enhance...
READ MOREMining company BHP has decided to halt its planned acquisition of competitor Anglo American, according to reports from the Financial Times. The deal, initially valued at £38 billion, has become unfeasible due to changing market conditions and strategic developments by Anglo American. Anglo American’s restructuring efforts, which include exiting operations in coal, diamonds, and platinum,...
READ MORERio Tinto Group plans to establish a dedicated lithium unit, Rio Tinto Lithium, after completing its $6.7 billion acquisition of Arcadium Lithium PLC. According to an internal memo cited by Reuters on January 17, the new division will manage operations at the Rincon lithium project in Argentina. However, the Jadar lithium project in Serbia will...
READ MOREZimbabwe’s state-owned Kuvimba Mining House is on track to finalize a $270 million deal with two Chinese companies for its lithium project, CEO Trevor Barnard announced on Monday. The project, centered on the construction of a 600,000 metric tons per year lithium concentrator at the Sandawana mine, continues despite the sharp decline in lithium prices...
READ MORETwo of the world’s largest mining companies, Rio Tinto and Glencore, are reportedly in early-stage discussions about a potential merger valued at an estimated £130 billion. If successful, the deal would create the world’s largest mining company, surpassing current leader BHP, which is valued at approximately $126 billion (£103 billion). The merger would combine Rio...
READ MORESaudi Arabia’s state oil giant Aramco and the country’s mining company Ma’aden have signed a non-binding term sheet to explore a joint venture focused on minerals exploration and mining. Announced during the Future Minerals Forum in Riyadh, the venture would prioritize energy transition minerals, particularly lithium, and advance cost-effective direct lithium extraction (DLE) technologies. Commercial...
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