Business and Finance
Pantera Minerals (ASX:PFE) has reaffirmed its confidence in the long-term fundamentals of the lithium market, despite recent price fluctuations. The company believes that global demand for lithium continues to grow at an impressive rate of 25 per cent per year, driven by the increasing adoption of electric vehicles (EVs), energy…
Firebird Metals inks MOU with Eramet for manganese ore supply
Firebird Metals, an Australia-based company, has announced a non-binding memorandum of understanding (MOU) with French miner Eramet for the supply of manganese ore. The agreement supports the first phase of Firebird's planned facility in China, which will produce battery-grade manganese sulphate (MnSO₄) and manganese tetra-oxide (Mn₃O₄). The companies aim to…
Canada considers export taxes on aluminium amid US tariff concerns
Canada — In response to potential tariffs imposed by the United States on aluminium imports, Quebec Premier Francois Legault has suggested that Canada considers implementing export taxes on aluminium as a negotiating tactic. This proposal comes in the wake of President Donald Trump's executive order that could significantly impact Canadian…
Coeur Mining completes US$1.7b acquisition of SilverCrest Metals
Coeur Mining, Inc. (NYSE: CDE) has finalised its US$1.7 billion acquisition of SilverCrest Metals Inc., marking a transformative step in the U.S.-based company's growth strategy. The deal, first announced in October 2024, was executed through a stock-for-stock transaction, with SilverCrest shareholders receiving 1.6022 Coeur common shares for each SilverCrest share.…
Mineral Resources reports major financial loss amidst weaker ore prices and operational challenges
Mineral Resources Limited (ASX: MIN) (MinRes) has announced its financial results for the half-year ended December 31, 2024, revealing a substantial statutory net profit after tax (NPAT) loss of $807 million, a 252 per cent decrease compared to the $530 million profit in the corresponding period last year. This downturn…
Barrick Gold reports strong 2024 results, announces optimistic 2025 outlook
Barrick Gold (TSX: ABX) (NYSE: GOLD) has released its Q4 and full-year 2024 results, showcasing a significant increase in both gold and copper production, alongside substantial growth in mineral reserves. The Canadian miner anticipates attributable gold production to fall between 3.15 million ounces (moz) and 3.5moz in 2025. In Q4…
Pilbara Minerals completes acquisition of Latin Resources, expanding into Brazil
Pilbara Minerals Limited (PLS), an Australian-based lithium producer, has completed its acquisition of Latin Resources, marking a significant expansion into the Brazilian lithium market. The transaction, which was first announced on August 15, 2024, received strong support from Latin Resources' Board and shareholders. Dale Henderson, PLS Managing Director and CEO,…
Newmont Corporation completes non-core asset divestiture program
Newmont Corporation has announced the sale of its Porcupine operation in Ontario, Canada to Discovery Silver Corp. for up to US$425 million, marking the final transaction in its non-core asset divestiture program. This strategic move is expected to generate up to $4.3 billion in total proceeds from asset sales and…