October 27, 2023

Vale CEO says he has never been so optimistic about the company’s future

Vale on Thursday reported a third quarter net profit decline but still landed above market forecasts.

October 27, 2023

Rinehart buys 18% stake in Azure Minerals to block SQM takeover

Hancock Prospecting's stake in Azure is just short of the 20% level that would require a mandatory buyout offer.

October 26, 2023

Pre-tax profit for Codelco down 65% this year through Sept

Chile’s Codelco, the world’s largest copper producer, on Thursday posted a 65% drop in its pre-tax profit for the first nine months […]

October 26, 2023

Vale’s third-quarter profit slips but beats expectations

The company reported a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates.

October 26, 2023

Vale to pay out $2 billion to shareholders, launch buyback program

The company will pay 2.33 reais per common share in dividends and interest on capital on Dec. 1.

October 26, 2023

Panama’s top court considers lawsuit over First Quantum deal

The court said in a statement that it will issue an opinion on the lawsuit within 10 business days.

October 26, 2023

Capex of top 30 miners to grow 6.2% in 2023, but decline over next two years — report

According to S&P Global, the highest capital budget spend in financial year 2023 is expected to come from BHP.

October 26, 2023

Rinehart may block SQM $1bn takeover of Azure Minerals

The Australian billionaire, who recently thwarted Albemarle’s buyout of Liontown, is said to be evaluating ways to hinder SQM's bid.

October 25, 2023

Allkem’s first-quarter revenue jumps on strong output

Lithium carbonate production at the company's Olaroz lithium project came in at 4,453 tonnes, 35% higher than the previous year.

October 25, 2023

Protests continue in Panama against First Quantum’s 20-year deal on Cobre Panama

Since Monday, protests against the contract have led to clashes between protesters and the police and the closure of major roads.