South African platinum giant Sibanye-Stillwater has experienced a cyberattack on its IT system since Monday morning. The company said the attack caused limited disruptions to its global operations, with its core mining and processing business …
Continue readingTag: Mining
BHP Suspends Nickel Operations in Western Australia Amid Market Slump
BHP Group, the world’s largest listed miner, is temporarily suspending its Nickel West operations and West Musgrave project in Western Australia, effective October. This decision comes amid a significant decline in nickel prices and an …
Continue readingGold Shines in the Short Term, Copper Still a Mid-Term Favorite: Deutsche Bank Commodity Survey
Deutsche Bank’s latest Global Mining & Commodities Survey reveals a shift in investor sentiment, with gold emerging as the preferred metal in the near term. While decarbonization remains a key driver for commodity demand, concerns …
Continue readingCanada Approves Glencore’s $6.93 Billion Takeover of Teck Coal Unit with Strict Conditions
The Canadian government has approved Glencore’s $6.93 billion acquisition of Teck Resources’ steelmaking coal unit, with stringent conditions to protect jobs and Canadian interests. Industry Minister François-Philippe Champagne announced the approval on Thursday, emphasizing the …
Continue reading