As mining operations around the world are being suspended or wound down, companies including BHP and Rio Tinto have made pledges to help prevent the spread of COVID19 (coronavirus). On Sunday, BHP launched an US$8 million plan to help mitigate the spread of coronavirus in Chile,...
The global metals and mining sector will be ‘moderately exposed’ to the effects of the ongoing COVID-19 (coronavirus) outbreak, according to a latest global sectors report by Moody’s. The US-based financial services company cautioned that the global spread of coronavirus will significantly slow economic growth, impacting...
BHP has retained its title as the world’s most valuable mining brand, with a value of US$5.8 billion, according to the latest Mining, Iron & Steel report by business valuation consultancy Brand Finance. The Australian major topped the brand value rankings, which reflect the net economic...
Anglo American has signed a 15-year contract worth US$190 million with Atlas Renewable Energy that will see the latter supply solar energy to the former’s iron ore mining operations in Brazil. The Latin American renewable energy company will supply electricity to the mining giant’s operations through...
Australia’s Altura Mining has secured a new financing package valued at US$202 million, in a deal that should prop up the company in a deteriorating lithium market. Under the vital financing package, the company’s current lenders have extended an existing loan facility of $161 million for...
Australian gold producer and rare earths developer Alkane Resources has confirmed it has received financing interest from Australia’s export credit agency (EFA) for its Dubbo project in New South Wales. Dubbo is an advanced polymetallic project with large in-ground resources of zirconium, hafnium, niobium, yttrium and...
Anglo American is set to complete the takeover of struggling UK potash miner Sirius Minerals after its £405 million rescue deal was approved by a majority of Sirius’ shareholders last night. Following a lengthy shareholder meeting in London, Anglo’s bid was approved by 80.28% of the...
Canada’s Prime Minister Justin Trudeau announced yesterday that the government will extend business tax deductions for zero-emission vehicles and equipment to cover mining operations, in a declaration of his belief that the sector has a major role to play in the fight against climate change. The...
Australian mining billionaire and philanthropist Andrew Forrest has acquired an additional 22 million shares in iron ore giant Fortescue Metals Group, taking his personal ownership in the company he founded to 35.3%. Forrest paid US$160.2 million for the shares and now owns over 1.112 billion shares...
Western Australia has risen to the top of the Fraser Institute’s latest Annual Survey of Mining Companies, ahead of Finland and the US state of Nevada in second and third respectively. The Australian state, which is home to almost 130 export-oriented mining projects and hundreds of...