mining

BHP Group‘s (NYSE:BHP) pursuit of Anglo American (OTCQX:AAUKF) has become increasingly complex as a May 22 deadline approaches. BHP’s initial $43 billion offer to acquire its rival has been rejected twice, prompting BHP to weigh a revised proposal. However, BHP hesitates to move forward...

Friday is shaping up to be one of the strongest days for metal commodities in recent years. Gold climbed over 1.7% toward a record-high close above $2,400 per ounce, silver surged more than 6% to its highest level since February 2013, and copper hit an all-time high. What Happened: In a week marked...

Chinese mining leader Zijin Mining Group (OTCPK: ZIJMF) announced an upward revision of its copper production targets for 2025 in response to soaring copper prices. The company now aims to produce 1.22 million tons of copper next year, a 4% increase over its previous goal. This adjustment comes as...

Top Stories for May 17, 2024: 1. BHP (NYSE:BHP) shareholders expect one last bid for Anglo American (OTC:AAUKF) before the regulatory deadline.  Anglo rejected two previous offers, choosing to restructure and focus on copper and iron ore.  Despite these moves, investor skepticism remains...

As the electrification revolution accelerates, lithium — a critical raw material for batteries — stands at the forefront of the energy transition. North American lithium miners Piedmont Lithium Inc (NASDAQ:PLL), Lithium Americas Corp (NYSE:LAC), and American Battery Technology Co (NASDAQ:ABAT) are...

Solitario Resources (NYSE:XPL) has announced the discovery of multiple high-grade gold zones at its Golden Crest project, driving its share price to the highest point in over three years. As geopolitical instabilities push the price of gold higher, promising domestic projects are gaining interest...

Top Stories for May 16, 2024: 1. American Battery Technology (NASDAQ:ABAT) completed construction and is ramping up production at its Nevada lithium-ion battery recycling facility, which can process 20,000 metric tons of battery feedstock per year. In March 2024, it received $60 million in U.S....

BHP's (NYSE:BHP) shareholders anticipate one final bid enhancement in the ongoing pursuit of Anglo American (OTC:AAUKF), as the regulatory deadline looms. So far, Anglo American rejected two successive all-share propositions, opting instead for an expedited restructuring initiative that would see...

U.S. Antimony U.S. Antimony (AMEX:UAMY) reported its first-quarter (Q1) results with revenues rising 28% to $2.83 million and a 108% increase in gross profit due to a lower rise in sales costs.  Operating expenses increased by 183%, partly due to non-cash stock compensation and net income...

Top Stories for May 14, 2024 Atlas Lithium Atlas Lithium‘s (NASDAQ:ATLX) advanced lithium processing plant, using dense media separation (DMS) technology, is in the final fabrication stage.  The modular design simplifies transportation, installation and commissioning. It’s also said to...

Anglo American (OTCQX:AAUKF) plans to sell some of its legacy assets, notably its diamond business, De Beers, South Africa-based Anglo American Platinum, and steelmaking coal assets. The sale process is part of Anglo American’s strategy to safeguard itself against the persistent takeover...

Anglo American (OTCQX:AAUKF) rebuffed BHP‘s (NYSE:BHP) advances again. What Happened: The London-based mining company rejected the Australian mining giant’s revised $42.7 billion takeover bid. This offer was the second in three weeks, aimed at Anglo’s prized copper assets and...

Top Stories for May 13, 2024: 1. American Battery Technology (NASDAQ:ABAT) commercialized its unique, large-scale battery recycling technology, achieving operations at 115% of its designed capacity in Reno, Nevada.  This development marks the enhancement of U.S. battery metal production for...

According to Australia's Treasurer Jim Chalmers, the country's new budget will substantially boost the critical minerals industry. Australia extensively mines minerals such as lithium, cobalt, rare earth elements, and nickel, and the fiscal stimulus aims to harness this potential for economic...

Mining leader BHP (NYSE:BHP) has partnered with Ivanhoe Electric (NYSE:IE, )) to explore copper and other critical minerals in the United States. The collaboration aims to find new sources of critical minerals, vital for the energy transition and the electrification revolution. The partnership...