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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…...
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…...
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…...
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…...
Chile’s Codelco posts stronger profit on copper rally as mine disruptions drag on output
2+ week, 1+ day ago (241+ words) SANTIAGO, Aug 28 (Reuters) – Chilean state miner Codelco on Friday reported sharply stronger first-half earnings as higher copper prices outweighed weaker production and higher costs, while new Chief Executive Jorge Gomez said the company’s priority was to restore productivity after setbacks…...
Australia’s BHP, unions fail to reach wage deal
3+ week, 5+ day ago (169+ words) Aug 18 (Reuters) – BHP Ports Unions said on Tuesday that it had failed to reach an agreement with BHP on a wage deal for workers at Port Hedland in Western Australia. The parties said they will meet again on August 25, a…...
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…...
Peru’s economic growth slows to 1.75% in June
4+ week, 22+ hour ago (150+ words) Aug 15 (Reuters) - Peru's economy expanded 1.75% in June compared to the same month last year, slowing from the prior month, data from the South American nation's INEI statistics agency showed on Saturday. June's data landed just below the 1.8... Aug 15 (Reuters) â…...
BHP, union talks for Port Hedland iron ore workers to stretch on into next week
5+ day, 9+ 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…...