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Home/News/Finance & business

Finance & business News

Browse the latest finance & business news and articles.

Hexagon opens new mining HQ in Tucson
13 Jul 20182 min read

Hexagon opens new mining HQ in Tucson

As a training centre for customers, this location allows the company to fully expose the rich possibilities of a smarter, safer, fully connected mine.

Rio Tinto to sell interest in Grasberg mine for US$3.5 billion
13 Jul 20181 min read

Rio Tinto to sell interest in Grasberg mine for US$3.5 billion

Rio Tinto has signed a Heads of Agreement to sell its interest in the Grasberg gold mine.

Weir Group completes acquisition of ESCO Corp.
12 Jul 20182 min read

Weir Group completes acquisition of ESCO Corp.

ESCO will operate as a new division of the Weir Group, and be reported as a separate segment alongside Minerals and Oil & Gas.

Denham to deploy over US$550 million into global mining sector
10 Jul 20182 min read

Denham to deploy over US$550 million into global mining sector

Denham Capital has closed its first mining fund and is currently seeking management teams across the globe.

Barrick Gold and Shandong Gold strengthen ties
9 Jul 20182 min read

Barrick Gold and Shandong Gold strengthen ties

The two firms have agreed to work together on possible acquisitions and share expertise in mining technology.

BHP's new measures to support the regional economy in Antofagasta (Chile)
6 Jul 20182 min read

BHP's new measures to support the regional economy in Antofagasta (Chile)

BHP Billiton proposes a number of short and medium-term measures designed to boost the regional economy in Antofagasta (Chile) through support for local suppliers and the creation of local jobs.

Glencore: US$1 billion share repurchase programme commences
5 Jul 20182 min read

Glencore: US$1 billion share repurchase programme commences

Glencore plc begins a share repurchase programme worth US$1 billion in the period to 31 December 2018.

Altius Minerals extends and increases credit facility to CAN$225 million
4 Jul 20182 min read

Altius Minerals extends and increases credit facility to CAN$225 million

The refinancing is jointly led by the Bank of Nova Scotia and ING Capital LLC, with participation from the Toronto-Dominion Bank and Export Development Canada.

Vango provides update on proposed debt to equity conversion
4 Jul 20182 min read

Vango provides update on proposed debt to equity conversion

Vango Mining Ltd provides an update on its conversion of debt to equity, first announced in April this year.

Commercial production begins at Newmont's Twin Creeks operation (Nevada)
4 Jul 20182 min read

Commercial production begins at Newmont's Twin Creeks operation (Nevada)

Newmont Mining Corp. (Newmont) successfully achieves commercial production at its Twin Creeks underground expansion project in Nevada (USA).

Syama: latest DFS shows significant fall in All-In Sustaining Cost
3 Jul 20183 min read

Syama: latest DFS shows significant fall in All-In Sustaining Cost

Resolute Mining Limited’s updated definitive feasibility study (DFS) shows a significant reduction in the Life of Mine All-In Sustaining cost compared to the company’s last update in June 2016.

Komatsu and UMW to establish a JV sales company
2 Jul 20181 min read

Komatsu and UMW to establish a JV sales company

Today, Komatsu Ltd. (Komatsu) and UMW Corp Sdn. Bhd. (UMW) have officially agreed to establish a joint-venture (JV) sales company.

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