Newcrest drops after potential buyer Newmont’s weak second quarter

Shares of Newcrest Mining Ltd fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months.

Reuters | July 21, 2023 | 7:47 am

Dead EV batteries turn to gold with US incentives

A little-publicized clause in the US Inflation Reduction Act has companies scrambling to recycle electric vehicle batteries in North America.

Reuters | July 21, 2023 | 7:42 am

Glencore expects 2023 trading unit profits of up to $4 billion

The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%.

Reuters | July 21, 2023 | 7:33 am

Vedanta posts 41% slump in Q1 profit on soft metal prices

Shares of the company closed 6.2% higher ahead of the results.

Reuters | July 21, 2023 | 7:33 am

Australia blocks acquisition of lithium mine by China-linked firm

Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources.

Reuters | July 21, 2023 | 7:32 am

Hydro says Russian metal threatens LME benchmark, Rusal hits back

While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies.

Reuters | July 21, 2023 | 6:26 am

Western Australia’s mining sector was key for post-covid-19 economic recovery – report

International trade and a thriving mining and resources sector were crucial for the recovery of Western Australia’s economy following the covid-19 pandemic.

Staff Writer | July 21, 2023 | 6:06 am

Excellon Resources acquisition of La Negra falls through

Excellon's two board members have resigned after the mine seller unexpectedly sent it a notice terminating the transaction.

Cecilia Jamasmie | July 21, 2023 | 4:03 am

At international deep sea mining meeting, debate moves behind closed doors

The ISA cut a livestream of its members negotiations and retreated behind closed doors in an attempt to resolve a dilemma the could determine the fate of the deep ocean.

Bloomberg News | July 20, 2023 | 11:55 pm

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