Trafigura reveals a $1.1 billion loss in Mongolia, linked to employee fraud and financial mismanagement, prompting an internal investigation
Finance
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A dispute between Congo and Glencore focuses on royalties paid to sanctioned businessman Dan Gertler, raising concerns over state funds and deterring …
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Exploration & DevelopmentFinanceFuture of MiningNews
Vale Estimates Over $1 Trillion Needed for Carbon-Free Mining and Steelmaking
Vale estimates over $1 trillion is needed to transition global mining and steelmaking to zero-carbon, highlighting the challenges and opportunities in the …
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Exploration & DevelopmentFinanceNews
Arch and Consol Energy Merge in $2.3 Billion Deal to Dominate U.S. Coal Exports
Arch and Consol Energy merge to form Core Natural Resources, aiming to dominate U.S. coal exports with a $2.3 billion deal.
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Anglo American to begin receiving bids for Australian coal mines as part of restructuring.
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Nigeria’s oil sector is grappling with a severe crisis as the number of operational rigs has plummeted to a six-month low, highlighting …
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South32 shares decline after a major writedown on alumina and nickel projects, a pointer to significant operational and financial challenges..
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Exploration & DevelopmentFinanceNews
SolGold Receives $750 Million Funding for Ecuadorian Mining Project
SolGold lands a $750 million investment for its Ecuadorian Cascabel project, marking a significant advancement in regional mining.
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CITIC Metal to reduce its stake in Ivanhoe Mines by 2%, amid heightened scrutiny of foreign investments in Canada’s mining sector.
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Trafigura’s massive aluminum deposits clash with bullish banks, reshaping market dynamics and reigniting debates over stockpile strategies and market influence.