Workers at BHP's Escondida, the world's largest copper mine, rejected an offer for a new collective bargaining agreement, setting the stage for a potential strike, the union said on Thursday.
Mining M&A is heating up with strategic moves to consolidate operations and strengthen market positions in the copper and gold sectors. Two big announcements in the last week of July could indicate that miners are on the hunt for good projects.
Michael McCrae is leading Kitco's coverage of the mining sector. McCrae, who has both an MBA and CMA, knows how to build digital media properties.
Global miner BHP Group and Canada-listed Lundin Mining will takeover explorer Filo Corp for C$4.5 billion ($3.25 billion), the companies said on Monday, as they move to progress the Filo del Sol and Josemaria projects.
The union at BHP's Escondida mine in Chile, the world's largest copper mine, has called on its nearly 2,400 members to reject a final contract offer from the company and prepare for a strike, the union president said.
Although a somewhat controversial investment category, the bullish case for the best uranium stocks has become extraordinarily compelling. It all centers around one catalyst: rising energy consumption from advanced technologies, particularly artificial intelligence.
BHP reports iron ore production of 260 Mt in fiscal 2024. The miner expects production in fiscal 2025 between 255 and 265.5 Mt.
BHP Group Ltd (LSE:BHP, ASX:BHP) told investors it will temporarily suspend its Western Australia Nickel operations from October, amid ‘oversupply' in the global nickel market which has suppressed sales prices. The suspension includes the miner's Nickel West operations and the West Musgrave project.
When analysts discuss mining and resource extraction, copper tends to receive less attention due to its less obvious applications and importance to several industries. But with the way several technologies are heading, including robotics and manufacturing, copper could become just as central to the global economy as lithium or steel.
BHP seeks a permit from Chile's environmental regulator to build a $250-million electric trolley system at Escondida. It is set to cut down diesel consumption and improve truck performance.
Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF) has appointed Laura Tyler as a Non-Executive Director, effective from today (1 July 2024). A mining veteran with over 30 years of experience in technical, technology and safety applications in Tier 1 projects globally, Tyler spent 20 years at BHP including four as Chief Technical Officer between 2020-24, Chief Geoscientist (2016-2020) and Chief of Staff to BHP's CEO (2015-2018).
Lawyers representing claimants taking legal action over Brazil's worst environmental disaster filed an injunction this week against miners BHP and Vale for "trying to derail" a potential 36 billion-pound ($46 billion) London lawsuit.