Loading
Copper: Rio Tinto makes $2.7 billion bid for Turquoise Hill
Rio Tinto has offered $2.7 billion for 49% of the shares it doesn't own in Canada's Turquoise Hill Resources in a move that seeks to gain direct control of the vast Oyu Tolgoi copper mine in Mongolia. The world's second-largest miner is offering C$34 for every...
Aluminum: Hydro confirms arrival of 4,000 tons of Russian metal at Karmøy plant
The cargo fleet Silver Dania, owned by Bergen-based shipping company Silver Sea and sailing under the Norwegian flag, is transporting 4,000 tons of Russian-made aluminum from St. Petersburg to arrive in Karmoy, Norway, as confirmed by Kristin Karlstad, the head of...
Russian Nornickel has new routes for palladium supplies
Russian mining giant Nornickel is facing significant logistical problems, but has managed to secure alternative routes for its palladium deliveries. Its largest shareholder Vladimir Potanin reported that the closure of airspace has made palladium supply particularly...
Aluminum: Rio Tinto cuts ties with Russian companies
Rio Tinto became the first major mining company to announce that it was cutting all ties with Russian firms, joining a massive exodus of Western companies after Moscow's invasion of Ukraine. The world's second-largest miner, which operates aluminum refineries in...