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ArcelorMittal considers sale of Canadian assets
ArcelorMittal, the world’s biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses. The facilities the...
Glencore hit by another probe over Congo dealings
Mining and commodities trader Glencore is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC). The probe by the Swiss Attorney General,...
BHP expands nickel exposure as Norilsk exits Australia
BHP said on Friday it was expanding its exposure to nickel by purchasing nickel tenements in Western Australia in a deal marking the exit from the country of Russian mining group Norilsk Nickel. The mining giant said it had agreed to buy the Honeymoon Well Nickel...
State miner to acquire 20% stake in Vale Indonesia
Brazilian mining giant Vale announced on Friday that its Canadian subsidiary Vale Canada Limited (VCL) has reached an agreement to sell a 20% stake in the nickel producer PT Vale Indonesia to state-controlled PT Indonesia Asahan (Inalum). The sale is valued at $290...