mining

On Wednesday, BHP Group (NYSE:BHP) announced it needs more time to finalize its $50 billion takeover bid for Anglo American (OTCQX:AAUKF), requesting an extension beyond today's 4 PM GMT deadline. The Australian miner has already been granted a one-week extension from its original May 22 deadline...

Export Development Canada (EDC) has conditionally approved $300 million in debt financing for Arafura Resources' (OTCPK: ARAFF) Nolans rare earths project. This funding, facilitated by GE Vernova (NYSE:GEV), is a step forward in securing the necessary funding for the project, which is essential for...

The U.S. military has allocated nearly $15 million to fund mineral projects in Canada, focusing on essential resources such as copper, gold, graphite and cobalt. This investment, in the form of grants, is part of a broader strategy to secure critical minerals necessary for civilian and military...

Top Stories for May 24, 2024: Cleveland-Cliffs (NYSE:CLF): The Cleveland-based steel producer announced new greenhouse gas (GHG) emissions reduction targets after achieving its previous goal ahead of schedule. The new targets, relative to 2023 levels, include a 30% reduction in Scope 1 and 2 GHG...

Equinox Gold (AMEX:EQX) has successfully poured its first gold on schedule at the Greenstone project in northern Ontario. The miner achieved this milestone one month after fully acquiring the Greenstone project for nearly $1 billion from Orion Mine Finance. “We look forward to ramping up to...

Top Stories for May 23, 2024: Foremost Lithium (NASDAQ:FMST): The Vancouver-based company completed its 2024 winter drilling program on its Zoro property, achieving over 5,800 meters across 21 diamond drill holes.  Results show lithium mineralization continuity along Dyke 1, extending the...

South32 Ltd (OTCPK: SHTLF), the diversified mining company spun out of BHP Group Ltd (NYSE:BHP) in 2015, has expressed interest in acquiring Anglo American's (OTCQX:AAUKF) share of their jointly owned manganese assets. While BHP's acquisition efforts mainly focus on prized copper assets, Anglo...

The Democratic Republic of Congo (DRC) alleges that Apple (NASDAQ:AAPL) is sourcing minerals from conflict areas in eastern Congo. What Happened: The DRC’s international lawyers, Amsterdam & Partners, has been investigating allegations that minerals mined in Congo are smuggled through...

BHP Group Limited (NYSE:BHP) reportedly planned to stand firm on the structure and value of its latest takeover proposal for Anglo American Plc. (OTC:AAUKF). The mining giant now has until May 29 to make a firm bid for Anglo American, or it will be forced to walk away...

Top Stories for May 22, 2024: 1. Cleveland-Cliffs (NYSE:CLF) refutes allegations from the U.S. Steel (NYSE:X) Board, stating that the company announced an "unclosable deal" that it is now blaming on Cleveland-Cliffs.  They present evidence countering its claims of misinformation, highlighting...

BHP Group (NYSE:BHP) secured a one-week extension on its proposed takeover of Anglo American (OTCQX:AAUKF). This development came just hours before a deadline mandated by UK takeover regulations, which would have forced BHP to either submit a formal bid or withdraw for at least six months. BHP...

Top Stories for May 21, 2024: 1. U.S. Steel’s (NYSE:X) Board of Directors addressed misinformation about the pending all-cash deal with Nippon Steel expected to close in the second half of the year.  They emphasized the transaction’s benefits, including investor value, job security...

Copper prices continue to reach new record highs daily, soaring to $5.17 per pound on Tuesday, driven by improving market conditions. The metal has surged over 30% year to date, setting the stage for its best-performing year since 2010. Additionally, copper has jumped 28% in the last two months,...

Holding 20% to 30% of the world’s nickel reserves, New Caledonia’s economy heavily relies on its production. However, concerns over supply disruptions from New Caledonia, combined with sanctions on Russian metal, have pushed prices on the London Metal Exchange back above $20,000 per...

Top Stories for May 20, 2024: 1. Nippon Steel is intensifying efforts to secure its $14.1 billion acquisition of United States Steel (NYSE:X) despite opposition from union leaders and the Biden administration.  Vice Chairman Takahiro Mori will visit Pittsburgh to meet with local staff and...