News

Mining giant BHP Group has signed a scheme implementation deed (SID) to acquire all of the shares in Australia-based copper miner OZ Minerals Limited (OZL), by way of a scheme of arrangement, for A$9.6bn ($6.4bn) at A$28.25 apiece. This indicates...

Australian mining tycoon Clive Palmer has divested the troubled Yabulu nickel refinery in Queensland, Australia to Swiss special purpose vehicle Zero Carbon Investek, reported Reuters. With the sale of the Yabulu Nickel and Cobalt Refinery, Palmer has reportedly raised A$2bn...

Nippon Steel is looking to produce low-carbon raw materials, including “reduced iron” made using hydrogen, for green steel, reported Reuters. The aim is to cope up with the surging demand for green steel. Reduced iron is produced by removing oxygen from...

JX Nippon Mining & Metals and its member Taniobis have entered into a strategic partnership with Advanced Metallurgical Group (AMG) Brasil for tantalum production. This is the initial step in JX Nippon’s efforts to expand into mineral resources business with...

Brazil’s CSN (Companhia Sider ú rgica Nacional) Mineracao has closed an iron ore sale and purchase deal with Glencore, a Swiss mining company. According to a report by Mining.com, the recently closed transaction involves export pre-payment of up to $500m. The...

Further to the company’s announcement on the Stock Exchange News Services (SENS) on 6 October 2022, Harmony has announced that its acquisition of the Eva Copper project is complete and payment will be concluded imminently. The Foreign Investment Review Board...

IAMGOLD has announced that it has entered into definitive agreements with Managem to sell, for aggregate consideration of approximately US$282 million, the company’s interests in its exploration and development projects in Senegal, Mali and Guinea. Under the terms of the...