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Anglo American Rejects Third Proposal from BHP But Grants One-week Extension
May 23, 2024
Anglo American rebuffed an improved $49.87 billion takeover proposal from rival BHP Group, following two prior rejections over the last month, in what would have been the largest-ever mining deal. Despite the rejection, Anglo’s board said it is willing to
Gibb River Diamonds to Reopen Ellendale Diamond Project, Western Australia
May 22, 2024
Gibb River Diamonds (GIB) has received three mining leases, marking a significant step towards reviving the Ellendale Diamond Project in Western Australia. These leases encompass the primary sections of the historic E4 and E9 pipes, as well as the extensively
Iberdrola to Acquire Remaining Stake in U.S.-based Avangrid for $255 Billion
May 21, 2024
Iberdrola has signed an agreement to acquire the 18.4 percent minority stake in its U.S. subsidiary Avangrid, which it previously did not own. The board of directors of Avangrid has approved the transaction, following the recommendation of a committee made
Australian Vanadium Wraps Government-funded Work at Its Vanadium Electrolyte Manufacturing Facility
May 21, 2024
Australian Vanadium Ltd. (AVL) has completed the work for which it received a grant under the Australian Government’s Modern Manufacturing Initiative, awarded in 2021. The company has now received the final payment of $615,000 (A$922,000) from the $247 million (A$3.69
IEA Report: Sharp Declines in Critical Mineral Prices Mask Risks of Future Supply Strains
May 20, 2024
Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts to reach energy and climate goals Pressure eased in 2023 on the market
Brazil Potash Secures Licensing to Start Construction of Its Autazes Project
May 20, 2024
Brazil Potash Corp. said the Amazon State Environmental Protection Institute (IPAAM), has granted the mine installation license for the Autazes Potash Project to the 100 percent owned Brazilian subsidiary Potassio do Brasil, allowing for construction to commence. This is a
Biden Raises Tariffs on $18 Billion of Chinese Imports: EVs, Solar Panels, Batteries and More
May 16, 2024
The Biden administration announced stiff new tariff rates Tuesday on $18 billion worth of Chinese imports. The White House said the tariff hikes were necessary to protect American industries from unfair competition. Starting this year, President Joe Biden will quadruple
Australia’s Budget to Boost Critical Minerals Industry
May 15, 2024
Australia’s budget will feature a bigger boost for the nation’s critical minerals industry, Treasurer Jim Chalmers said, describing the lucrative market as a “golden opportunity” just days ahead of releasing his annual fiscal blueprint. “The critical minerals space is one
Anglo American Plans to Split Up Units After Rejecting $43 Billion BHP Second Bid
May 14, 2024
Anglo American said it plans to unload several assets as part of a turnaround effort after rejecting a sweetened takeover offer from rival BHP that valued the mining company at almost $43 billion. Anglo said Tuesday that it would spin
U.S. Secretary Blinken Visits Guatemala, U.S. May Assist in Reopening of Fenix Nickel Mine
May 14, 2024
Fenix Nickel Co., the U.S. owner of Guatemalan nickel producers Compania Guatemalteca de Niquel (CGN) and Compania Procesadora de Niquel de Izabal, S.A. (PRONICO) said it is backing for the Solidarist Miners Association of El Estor (AMSE), which has urgently
