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Exclusive-Lynas Rare Earths says it was in takeover talks earlier this year
1+ week, 4+ day ago (123+ words) MELBOURNE, Sept 2 (Reuters) – Australian miner Lynas Rare Earths was in takeover talks earlier this year but the discussions did not proceed, a spokesperson said on Wednesday. “The discussions earlier this year had a high level of uncertainty and did not…...
Exclusive-Trump administration to back US minerals projects with $500 million in grants
3+ week, 3+ day ago (430+ words) By Ernest Scheyder and Jarrett Renshaw Aug 20 (Reuters) – The U.S. Department of Energy is awarding $500 million in grants to seven companies building domestic lithium, cobalt and other mineral and battery projects, the latest in a string of investments aimed at…...
Hidden crypto farm in Mexican mountains puts spotlight on cartel funding
1+ day, 3+ hour ago (710+ words) By Sarah Morland and Daniel Becerril TLAOLA, Mexico, Sept 12 (Reuters) – Nestled in the lush green mountains of Central Mexico, next to a sparsely traveled gravel road, few people had reason to wander close enough to hear the loud, mechanical whirring…...
Glencore’s planned Australian debut draws interest as investors look past coal
3+ week, 5+ day ago (629+ words) MELBOURNE, Aug 18 (Reuters) – Glencore could leap into top market indices within six months of listing in Australia as fund managers’ copper appetite may outweigh concerns over thermal coal exposure, analysts and investors said following briefings on the listing. Glencore, the…...
Lynas expands global footprint, eyes new rare earths supply deals
2+ week, 4+ day ago (447+ words) MELBOURNE, Aug 26 (Reuters) – Australia’s Lynas Rare Earths said it planned to grow its global supply chain on Wednesday, with discussions to secure new mine supply from project developers around the world and set up a magnet processing facility in the…...
Mariana, 18 more Brazil cities join Vale-BHP dam collapse compensation deal
3+ week, 2+ day ago (360+ words) RIO DE JANEIRO, Aug 20 (Reuters) – The compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015 has been joined by 19 new cities, including the one that was the epicenter of the disaster, a Brazilian court said…...
Brazil’s Vale drops IPO plans for critical minerals unit, The Globe and Mail reports
1+ week, 2+ day ago (120+ words) Sept 3 (Reuters) – Brazilian miner Vale SA is shelving plans for an IPO of its critical minerals unit, Vale Base Metals, amid political pushback in Brazil over the country potentially losing control over strategic mining assets, The Globe and Mail reported…...
Australian Indigenous group appeals compensation ruling over Fortescue’s mining impact
2+ week, 4+ day ago (459+ words) MELBOURNE, Aug 26 (Reuters) – Australia’s Yindjibarndi Indigenous group said on Wednesday it had lodged an appeal with the federal court over the amount of compensation awarded against Fortescue for mining on their lands without an agreement since 2012. The Yindjibarndi people brought…...
BHP’s chief commercial officer to step down in January, internal memo shows
1+ week, 4+ day ago (263+ words) MELBOURNE, Sept 2 (Reuters) – BHP’s Chief Commercial Officer Rag Udd will step down at the end of January to pursue an opportunity outside the company, according to a staff memo seen by Reuters on Tuesday, leaving open one of the miner’s…...
BHP, union talks for Port Hedland iron ore workers to stretch on into next week
5+ day, 8+ hour ago (239+ words) MELBOURNE, Sept 8 (Reuters) – Talks between BHP and unions representing workers at the mining giant’s Port Hedland iron ore operations in Western Australia ended without a deal, with further negotiations scheduled for next week, the parties said on Tuesday. The three…...