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Copper

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Copper is the talk of the town.

North American buyout firm storms bidding fray for New World Resources

Kinterra’s emergence comes four weeks after New World Resources entered into a $185 million scheme implementation deed with London-listed CAML.

The Resolution Copper mine in Arizona.

BHP-Rio copper mega project in US gets environmental green light

Resolution Copper, a joint venture between the two mining giants, had been in limbo after the Biden administration rescinded an earlier approval.

Yesterday

Andrew Harding has carefully planned his South Australian assault.

The deal that could unlock Australia’s next mining hero

BHP’s Olympic Dam expansion could be Australian mining’s next big thing. A crucial piece of the puzzle just fell into place.

This Month

New World Resources operates three projects in Arizona and New Mexico.

Eyes on copper play New World Resources as price trades above bid

A buyer has been hunting for volume above acquirer Central Asia Metals’s 5¢ bid price.

Critical minerals IPO stars return with copper float

The mineral exploration syndicate behind the incredible success of WA1 Resources is back with new float Tali Resources.

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Like WA Resources? Meet Tali.

West Arunta hopeful Tali Resources taps brokers for ASX listing

Tali’s tenements sit on the same patch of land in WA that helped ASX-listed WA1 Resources go from a tiddler to a near-$1 billion company.

Rio chief Jakob Stausholm has run the company for more than four years.

Mongolia forces Rio Tinto into major engineering change at copper mine

The toxic relationship between Rio Tinto and Mongolia is affecting the daily operation of the Oyu Tolgoi mine after government delays forced a mine plan change.

Jennifer Hewett, Escondida president Alejandro Tapia and Australian ambassador to Chile Andrew Martin at Escondida

BHP’s monumental copper pay and play in Chile

The world’s largest copper mine shows how intertwined the fortunes of Australia’s big miners are with what’s happening with critical minerals.

Prime Minister of Mongolia, Oyun-Erdene Luvsannamsrai, has been ousted.

Fresh Mongolia turmoil raises stakes for Rio Tinto’s copper bet

The prime minister was forced to resign after losing a parliamentary no-confidence vote, raising questions about the $11 billion mine.

Russian President Vladimir Putin with Mongolia’s Ukhnaagiin Khurelsukh in  Ulaanbaatar last year. Khurelsukh is at odds with Mongolia’s government.

Rio Tinto finds its mega-mine stuck between two Mongolian strongmen

From accusations of corruption to warring political factions, the resources giant faces big headwinds building the world’s fifth-biggest copper mine.

May

Glencore chief executive Gary Nagle has tried to engage with Rio in the past, but has been rebuffed.

Glencore primes its Australian DirtyCo for local sharemarket listing

Brokers told clients the company’s decision to shift unwanted assets into an Australian subsidiary could lead to a tax-effective ASX spin-off.

Why Anglo American’s platinum spin-off may tempt BHP back to the table

Anglo American’s divestment of its South African platinum mines removes a “poison pill” that could make it a more attractive takeover target, says one influential analyst.

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Rio Tinto copper mine boosted by US Supreme Court decision

The court rejected an appeal by a Native American group that said the project would destroy an area where they have conducted religious ceremonies for centuries.

Metals Acquisition bought the CSA copper mine from Glencore in 2022 but had to wait a long time to close the deal.

South African giant bids $1.6b for NSW miner amid copper rally

Sources suggested Johannesburg-listed Harmony Gold was the most likely suitor. Harmony has traditionally leaned on JPMorgan

South African swoop for $1.6b copper mine a test for new FIRB system

Harmony Gold’s bid for the CSA Mine near Cobar will need foreign ownership approval from the federal government.

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Jacob Stausholm, who is leaving Rio, spent years attempting to broker peace with the Mongolian government.

Mongolia accuses Rio Tinto of bribery in explosive secret lawsuit

The toxic relationship between the mining giant and officials in Ulaanbaatar has been revealed in new allegations filed with the British High Court.

The deal comes amid an investor rush for copper.

American West kicks off capital raising as copper names rip

The raise comes as two ASX-listed copper juniors – New World Resources and Zijin Mining-backed Xanadu Mines – field takeover bids.

BHP’s Argentinian copper project just got bigger

The miner’s $3.2 billion push into South America has received a boost after it was revealed its Filo del Sol discovery is much bigger than previously estimated.

Orica

Orica battles TNT shortage as war in Ukraine strains global supply

Solid earnings growth in the first half sent Orica’s shares higher, but the company warned of a global explosives shortage worsened by the Ukraine war.

Vineyards in Mendoza province, Argentina. Javier Milei’s deregulation has revived interest in copper mining in the Andean foothills.

Malbec country turns back to mining

Mendoza, a province best known for its Malbec, could open a new mine in a nationwide rush for the red metal under President Javier Milei.

Original URL: https://www.afr.com/topic/copper-huy