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Metals and Mining Industry News
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Rio Tinto (ASX: RIO) growth projects ramp as shares fall 13% in a month
Rio Tinto's Oyu Tolgoi copper output climbed 27% in Q3, Simandou reached a 10-million-tonne annualised run rate and global iron ore sales increased 3%, yet RIO has fallen almost 13% in a month. The next question is whether multiple growth projects can translate into stronger group cash flow.
BHP copper drops 19% as Jansen and iron ore offset Q1 weakness
BHP's September-quarter copper production fell 19% as lower grades, maintenance and temporary disruptions affected major assets, but record Western Australia Iron Ore operations, sharply higher copper prices and an 87%-complete Jansen project keep the wider FY27 roadmap intact.
Grupo México plans up to $6bn US copper push as Washington’s supply problem deepens
Grupo México plans $4 billion to $6 billion of investment across its Asarco operations, including Arizona mine expansions and a possible restart of the Hayden smelter and refinery, as the United States tries to rebuild domestic copper supply chains.
Nickel Industries (ASX: NIC) secures US$245m financing as drought slows ENC battery nickel ramp-up
Nickel Industries has secured project financing for its Excelsior Nickel Cobalt operation after record ore sales lifted mining earnings, but severe water shortages, delayed operating permits and weaker smelting margins continue to affect the conversion of new production capacity into cash flow.
Fortescue iron ore sales trail shipments by 3.9Mt as China CMRG dispute threatens production
Fortescue has reported lower iron ore shipments, rising operating costs and a widening gap between shipments and sales as negotiations with China Mineral Resources Group continue, raising the prospect of production adjustments if an agreement is not reached by year-end.
Cornish Metals (AIM: TIN) secures £135m as South Crofty dilution questions intensify
Cornish Metals has conditionally secured £135 million for its South Crofty tin mine, with backing from the National Wealth Fund, Vision Blue Resources and Glencore. But the 60p financing price, substantial new share issuance and debt conversion create important questions for existing shareholders.
Northern Star (ASX: NST) sells 364,000 ounces of gold as KCGM expansion enters commissioning
Northern Star Resources has completed a major integration milestone at its Kalgoorlie processing expansion while reporting positive mine-level cash flow across its operations, although commissioning costs and lower production contributed to negative underlying group free cash flow.
Hudbay Minerals moves ahead with massive Arizona copper project as US critical minerals demand grows
Hudbay Minerals approves a $2.07 billion Arizona copper mine with Mitsubishi. Discover its production targets, financing and investor outlook.
Standard Lithium advances 70,000-tonne Texas project with $5bn after-tax valuation
Standard Lithium filed Franklin’s $5.9 billion PEA as $SLI rallied. See how project economics, $3.5 billion capex and lithium prices shape the outlook.
Hindustan Zinc profit surges 142% to Rs 6,412cr as silver transforms earnings
Hindustan Zinc Limited reported record second-quarter profit of ₹6,412 crore and EBITDA of ₹9,285 crore, supported by stronger zinc and silver prices, higher production and a 29% reduction in zinc production costs. Management has also lowered its full-year cost guidance while advancing capacity expansion and critical minerals diversification.