Crypto miner Core Scientific expects to emerge from bankruptcy in January
(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a…
Rare-earths miner Lynas jumps as Malaysia allows key plant extension
By Rishav Chatterjee (Reuters) – Shares of Lynas Rare Earths hit their highest in over a month on Wednesday, extending gains, after Malaysia allowed the miner to operate its flagship refinery locally…
Chilean miner Codelco gets access to books of Australia’s Lithium Power
(Reuters) – Codelco will undertake due diligence on Australia’s Lithium Power International, the Chilean copper miner said on Thursday, but added that there is no certainty the discussions will lead to a…
France’s Eramet to resume manganese mining in Gabon after halt over coup
By Sybille de La Hamaide and Dominique Vidalon PARIS (Reuters) -French miner Eramet, which on Wednesday suffered heavy stockmarket losses after it suspended operations in Gabon in response to an ongoing coup,…
Chile’s state miner launches subsidiaries to manage lithium takeover plan
SANTIAGO (Reuters) – Chilean state miner Codelco, the world’s largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to…
Chile miner Codelco and BHP sign sustainable mining agreement
SANTIAGO (Reuters) – Chile state-owned miner Codelco and multinational miner BHP Group signed a knowledge-sharing agreement on sustainable mining, Codelco said in a statement on Tuesday. The “collaboration accord” sets up a…
Lithium miner Liontown soars as it snubs $3.7 billion Albemarle bid
By Melanie Burton and Harish Sridharan MELBOURNE (Reuters) -Australia’s Liontown Resources said it had knocked back an approach from the world’s biggest lithium producer Albemarle Corp on Tuesday that valued the lithium…
Lithium miner SQM’s profit more than triples on EV demand
(Reuters) -Chile’s SQM, the world’s second-largest lithium producer, on Thursday posted fourth-quarter net profit more than triple that of a year earlier, just beating estimates on surging demand and tight supplies for…
Panama president says final contract to miner First Quantum has been presented
PANAMA CITY (Reuters) – Panama’s president, Laurentino Cortizo, said on Monday the government has presented Canadian miner First Quantum Minerals a final contract to regulate operations. Cortizo, during a speech to the…
Canadian miner First Quantum starts arbitration against Panama, says government
By Valentine Hilaire PANAMA CITY (Reuters) -Canada-based miner First Quantum Minerals Ltd and its subsidiary Minera Panama started arbitration processes against Panama, the country’s ministry of commerce and industry said on Saturday,…
Miner BHP accused of delaying $6 billion-plus Brazil dam case
By Sam Tobin LONDON (Reuters) – Global mining giant BHP Group was on Tuesday accused of trying to “forever put off” the question of liability for a 2015 dam collapse that triggered…
In Peru’s hills, an artisanal miner boom frustrates Big Copper’s plans
By Marco Aquino and Marcelo Rochabrun TAPAIRIHUA, Peru (Reuters) – In the hills of Tapairihua in Peru’s Andes, Samuel Retamozo and other artisanal miners have found a rich seam of copper on…
Man Pleads Guilty To Defrauding Customers Who Bought Cryptocurrency-Mining Computers And Miner Hosting Services
Damian Williams, the United States Attorney for the Southern District of New York, announced that CHET STOJANOVICH, a/k/a “Chester J. Stojanovich,” pled guilty today to wire fraud for defrauding more than a…
Miner BHP warns of inflation risks in 2023, says China demand to stabilize
By Praveen Menon SYDNEY (Reuters) – BHP Group Ltd, the world’s biggest miner by market value, said on Wednesday that inflationary pressures would remain a challenge next year, but that China will…
Vale CEO says iron ore miner will spin-off copper, nickel unit
LONDON (Reuters) – The chief executive of Vale SA said on Friday the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing.…
Miner BHP wants to expand presence in Peru, says executive
LIMA (Reuters) – Global miner BHP wants to expand its presence in Peru through exploration of new projects, Rag Udd, who heads the company in the Americas, said on Tuesday at the…
Analysis-Lithium experts skeptical on success of Mexico’s state-run miner
By Sarah Morland and Noe Torres MEXICO CITY (Reuters) – Mexican officials hope a newly created state-run lithium company will catapult the country to the vanguard of the green energy revolution, but…
Australian miner European Lithium to supply battery-grade lithium to BMW
(Reuters) – Australia’s European Lithium Ltd said on Friday it has signed an agreement with German automobile maker BMW AG to supply battery-grade lithium hydroxide, as companies look to shift towards greener…
Consider mediation, London judge tells Kazakh miner ENRC, Dechert and Fraud Office
By Kirstin Ridley LONDON – A London judge has told Kazakh mining company ENRC, its former legal adviser Dechert and the UK Serious Fraud Office (SFO) to consider mediation to end bitter…
Miner Fortescue says it won’t shy away from countries with troubled human rights
NEW YORK – Andrew Forrest, the chairman and founder of Australian miner Fortescue Metals, said on Tuesday he does not believe his company should shy away from investing in countries with troubled…
S.Africa’s Gold Fields to become fourth biggest gold miner with Yamana deal
By Nelson Banya (Reuters) -South Africa’s Gold Fields Ltd’s is set to become one of the four biggest gold miners in the world after agreeing to acquire Canada-based Yamana Gold in a…
Gold miner Polymetal delays projects amid sanctions pressure on Russia
(Reuters) – Polymetal has decided to postpone several projects amid Western sanctions on Russia after the gold and silver miner reported a 4% year-on-year increase in first-quarter revenue to $616 million due…
Gold miner Newmont posts fall in first-quarter profit
(Reuters) -Newmont Corp on Friday posted a fall in first-quarter profit, as the world’s biggest gold miner was hurt by lower gold sales volumes. Miners have been dealing with labor disruptions and…
New U.S. sanctions imposed for Russian bank, oligarchs, crypto miner BitRiver
By Daphne Psaledakis and David Brunnstrom WASHINGTON -The United States on Wednesday imposed sanctions on dozens of people and entities, including a Russian commercial bank and a virtual currency mining company, hoping…
Brazilian miner Samarco creditors reject debt restructuring proposal
SAO PAULO – Creditors of Brazilian miner Samarco Mineracao SA, a joint venture of Vale SA and BHP Billiton Ltd, on Monday rejected the debt restructuring plan presented by the company in…
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