Новости за 23.05.2024

Base metals company Hudbay Minerals has increased the size of its previously announced equity offering from $300-million to $350-million. Underwriters will now buy 36.84-million shares at $9.50 each in the bought-deal offering.

Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for electric vehicle batteries drags on prices. This brought a loss of $3.04 per share, well below the $0.74 profit expected by analysts polled by LSEG, while revenues more than halved to $1.09-billion over January to March, below analysts' $1.13-billion forecast.

China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market. Las Bambas has for years operated well below its annual capacity of 400 000 t due to a torrent of community protests that have disrupted mining and set back an expansion. That level could be reached in 2025, according to Troy Hey, an executive general manager at MMG.

Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes. It’s part of a colossal wave of spending needed worldwide to prevent a supply crunch for the metal, a critical component of the electrification push to slow climate change.

BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about South Africa? After a month of rising tensions, the companies are holding discussions after BHP raised the value of its proposal for a third time on Monday. Anglo has rejected the latest bid, but agreed to extend a deadline for BHP to commit to a binding offer so that talks can continue.

Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the three largest global copper producers, First Quantum in Peru controls the La Granja project, worth at least $2.5-billion, and the $1.86-billion Haquira project. "These are projects that need to be accelerated,"... Читать дальше...