Loading
Glencore acquires 56.25 percent stake in Mara Copper and Gold project
Multinational mining and commodities trading group Glencore will acquire a 56.25 percent stake in the Mara Copper and Gold project in Argentina. The Swiss group finalized the deal with Canada's Pan America. In a move to boost Glencore's shares, this agreement gives it...
Copper: Codelco and Anglo American discuss mining pact to increase production in Chile
Codelco and Anglo American are considering coordinating the mining activities of their adjacent copper mines in Chile in an effort to increase production and productivity. Talks are focusing on the possibility of allowing Codelco's Andina mine and Anglo's Los Bronces...
Copper: China’s Nanfang to open large smelter sooner than expected
Nanfang Nonferrous, China's largest private copper producer, is expected to put a major new smelter into production by October, more than doubling its capacity, a few months earlier than expected. Used for wiring electric vehicles, copper is a key element of the...
Aluminum: giant Rusal’s net income plummets 75% in first half due to soaring costs
Russian aluminum giant Rusal on Friday reported a 75 percent drop in first-half net profit due to soaring production costs resulting from dwindling raw material resources, strong inflationary pressures, and international sanctions against Russia. Rusal, one of the...