Vale has entered into a 60-day exclusivity period with Australian zinc miner New Century Resources after the latter announced it was in talks with the Brazilian miner to buy its nickel and cobalt operations on the Pacific island of New Caledonia. Subject to successful due diligence...
ASX-listed miner Ironbark Zinc has received expressions of financial interest from investors after hosting a series of site visits at its Citronen Zinc-Lead Project in Greenland. The company said it was pleased with the calibre of groups represented, which included potential investors, private equity groups, bankers,...
Glencore will assume a 75% stake in Chevron’s Southern African assets after agreeing a US$973 million acquisition deal. The transaction means Glencore will secure its first major refinery in Africa in line with its aim to expand through strategic acquisitions, which comes after inking a near...
Glencore (LSE:GLEN) has purchased a further stake in Peru’s largest zinc miner, Volcan Compañia Minera SAA, in a deal which could be worth up to US$956 million. The diversified mining giant said it would be taking at least another 26.73% of the voting shares in Volcan...
Canadian miner Trevali (TSX:TV) has completed the purchase of majority stakes in two African mines, which will see the firm enter into the top 10 of zinc producing companies worldwide. The Vancouver-based firm first announced it would buy Glencore’s Namibian Rosh Pinah mine and the Perkoa...
Vedanta Resources (LSE:VED) has seen its core earnings rise by 48% during the first quarter, on the back of higher demand for zinc and a broad-sweeping lift in global commodities prices. The diversified miner, which primarily produces zinc in India, South Africa and Namibia, revealed its...
The price of zinc has surged to its highest level since November 2007, owing to a shortage of the metal and shrinking stockpiles in China, which consumes nearly 40% of global supply. Zinc traded above US$3,000 a tonne on the London Stock Exchange (LSE), boosting the...
Glencore has announced earnings of US$6.74 billion during H1 2017, up 68% from $4.02 billion a year ago, allowing the Swiss-based mining giant to reduce net debt to $13.9 billion. The multi-commodity focused miner’s move to cut net debt by $1.6 billion impacted its decision to...
Glencore has reported a 9% decrease in copper output during the first half of 2017, dropping down to 642,900 tonnes compared with 703,000 tonnes a year earlier. The multi-focused commodities giant attributed the disappointing copper production figure to a transitioning process towards mining a greater portion...
BHP (ASX:BHP) has delivered a mixed-bag of results across its operations in its full-year production report for the 12 months to end-June 2017, with iron ore output rising but copper production falling. The world’s number one mining company by value reported a 4% rise in iron...