Category Archives: Mining

Rio Tinto to buy US lithium producer Arcadium in $6.7bn deal

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Acquisition by Anglo-Australian miner comes despite global headwinds in electric car market

Rio Tinto is to buy the US company Arcadium Lithium for $6.7bn (£5.1bn), in a huge bet on the energy transition despite global headwinds in the electric car market.

The Anglo-Australian metals and mining company said it would pay $5.85 a share for the US-based lithium miner. That represents an almost 90% premium to Arcadium’s closing price of $3.08 a share on 3 October, the day before news of a potential deal emerged.

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SFO and mining firm ENRC agree settlement over legal claims

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Agency had been investigating Kazakh company for suspected corruption and fraud over 12 years

The UK’s Serious Fraud Office (SFO) and the Kazakh mining company Eurasian Natural Resources Corporation have agreed a settlement to end one part of a years-long legal battle.

The agency had been investigating ENRC for suspected bribery and fraud in Africa and Kazakhstan, which the mining company denied. But the SFO dropped its decade-long investigation last year without bringing charges, citing insufficient admissible evidence.

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The deep history of British coal – from the Romans to the Ratcliffe shutdown

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With the last coal-fired plant closing today, we chart the rise and fall of the once-indispensable fuel which powered modern Britain

Britain’s transition to a low-carbon future has reached a milestone with the closure of its last remaining coal-fired power plant at Ratcliffe-on-Soar in Nottinghamshire.

The shutdown of the 57-year-old power plant on Monday ends more than 140 years of coal power generation in the UK – an industrial story closely interwoven with Britain’s socioeconomic and political history.

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Jacinta Price alleges ‘opportunists’ claiming Indigenous heritage to block resources projects

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Shadow minister for Indigenous Australians says Albanese government ‘turning a blind eye’ to alleged ‘weaponisation’ of identity

Jacinta Nampijinpa Price has claimed “opportunists” are making “false claims” to membership of Indigenous groups to scuttle resource projects seeking environmental approval.

The shadow minister for Indigenous Australians made the claim on Wednesday while defending a Coalition plan to designate which Indigenous groups would need to be consulted by project proponents, as revealed by the shadow resources minister, Susan McDonald, at a Minerals Week event.

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Almost 200 people killed last year trying to defend the environment, report finds

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Latin America was the most deadly region in which to defend ecosystems from mining and deforestation, with Indigenous people among half the dead

At least 196 people were killed last year for defending the environment, with more than a third of killings taking place in Colombia, new figures show.

From campaigners who spoke out against mining projects to Indigenous communities targeted by organised crime groups, an environmental defender was killed every other day in 2023, according to a new report by the NGO Global Witness.

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Tanya Plibersek accuses Peter Dutton of intent to ignore Indigenous heritage for mining projects

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Environment minister lambasts opposition leader over vow to overturn her rejection of tailings dam at McPhillamys goldmine

Tanya Plibersek has accused Peter Dutton of planning to ignore evidence of historical Indigenous cultural practice and trash heritage protection laws to greenlight certain mining projects and companies based on “the vibe”.

The environment minister told Guardian Australia that Dutton’s vow to overturn her determination rejecting the proposed site of a tailings dam at the $900m McPhillamys goldmine development in central-western New South Wales showed he had no respect for research or official advice.

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UK’s methane hotspots include landfills and last coalmine

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Greenpeace urges Labour to ‘fulfil international obligations’ as critics question accuracy of official data

The UK’s worst methane hotspots include the last coalmine, livestock farm clusters, landfills, power plants and North Sea oil and gas wells, according to an analysis.

The process has also thrown up serious doubts over the UK’s ability to calculate its methane emissions.

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Botswana diamond could be second-largest gem-quality example ever found

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Canadian company Lucara digs up ‘extraordinary’ 2,492-carat stone from Karowe diamond mine

A 2,492-carat raw diamond discovered in Botswana could be the second-largest gem-quality example ever unearthed.

The Canadian mining company Lucara Diamond Corp said it had recovered the “exceptional” stone from its Karowe diamond mine, with a photo showing the hefty rough diamond sitting in the cupped palm of a hand.

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Worker dead after vehicle crash at Byerwen coalmine in central Queensland

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Byerwen coalmine worker killed after 200-tonne truck ran over light vehicle, union says

A mine worker at the Byerwen Mine was killed when a 200-tonne truck allegedly ran over a light vehicle on Thursday afternoon, the mining union says.

It was the second death at the central Queensland mine in a month.

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US military announces $20m grant to build cobalt refinery in Canada

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Pentagon investment would make North America’s first cobalt sulfate refinery as US looks to diversify supply chain

The US military has made its largest investment in Canada’s mining sector in decades, spending millions amid a looming battle among nations to control the supply of cobalt.

On Tuesday, the Pentagon announced a $20m grant to help build a cobalt refinery in the province of Ontario, saying the investment will “create a more robust industrial base capable of meeting growing demand across both the defense and commercial sectors”.

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Thousands of Serbians protest in Belgrade against lithium mine

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Controversial mining project is a political fault line in Balkan country over fears about environmental impacts

Thousands hit the streets in Serbia’s capital Belgrade Saturday to protest against the rebooting of a controversial lithium mine set to serve as a vital source to power Europe’s green energy transition.

Before the rally, two leading protest figures said they were briefly detained by security officials who warned that any moves to block roads during the protest would be viewed as illegal.

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Investors push Glencore to scrap spin-off of heavily polluting coal division

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More than 95% of investors urged commodities firm to keep highly profitable fossil fuel arm to help maximise shareholder cash

Glencore has scrapped plans to spin off its coal business after shareholders urged the commodities company to hold on to the highly profitable but heavily polluting division.

The FTSE 100 company said that an overwhelming majority of its shareholders favoured retaining the coal business over its plan to list the division as a separate company on the New York stock exchange.

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Jabiluka decision ends long-running battle and preserves ‘some of the oldest rock art in the world’

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‘There will never be mining’ at Northern Territory site, Albanese says as area becomes part of Kakadu national park

It’s the decades-long fight over uranium mining that pitted Indigenous owners against the resources industry.

Now it seems the war is over, with the Australian government moving to expand the Kakadu national park to protect the Jabiluka site from mining for ever.

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Adani’s Queensland coalmine a threat to important wetland, Indigenous groups and scientists say

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Letter urges environment minister to investigate alleged breaches at Doongmabulla Springs

There is growing concern that a culturally significant and nationally important wetland is under threat from Adani’s controversial coalmine in Queensland, with an Indigenous group demanding the government investigate alleged breaches of the conditions that protect the site.

Scientists say drops in water levels in bores around the Doongmabulla Springs have been detected hundreds of times since mining started, and allege hydrocarbons associated with coal have been found in bores and the springs themselves.

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‘Largest ever’ NSW coalmine plan will put pressure on state’s net zero target, watchdog says

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EPA says proposal to keep Hunter Valley Operations mines going to 2050 would release almost 30m tonnes of CO2

The New South Wales environment watchdog says a plan to extend the life of a Hunter Valley coal-mining complex to 2050 is the “largest coal-mining proposal ever put forward” in the state.

Plans by Yancoal and Glencore to keep its joint-venture Hunter Valley Operations (HVO) mines in the Upper Hunter region going would see almost 30m tonnes of CO2 released, the EPA said in Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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Anglo American rejects call by mining rival BHP to extend takeover talks deadline

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British company says concerns not addressed during approach by Australian firm

Anglo American has survived an almost £39bn takeover plot by the Australian mining rival BHP after last-ditch talks over restructuring the 107-year-old company collapsed.

The five-week pursuit came to an end after Anglo rejected BHP’s 11th-hour appeal to extend the takeover talks for a second time, after three failed takeover proposals from the Melbourne-based miner.

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Anglo American rejects new £34bn offer from mining rival BHP

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Australian company says FTSE 100-listed group’s board did not engage with its all-share approach

Anglo American has rejected a second takeover approach by its Australian rival BHP that values the London-listed mining company at £34bn.

BHP said Anglo’s board had not engaged with its offer, which came after an initial £31bn offer was also rejected last month. Anglo rejected the second offer on Monday, BHP said.

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Anglo American’s South African investors open to revised BHP offer

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But such a takeover of London-listed mining firm opposed by politicians and unions in South Africa

South African shareholders of the mining company Anglo American have signalled they are open to a revised takeover offer from BHP, despite warnings from South African politicians and unions that a deal could be bad for the country.

Investors, which collectively own more than 15% of the London-listed mining company, told the Financial Times that they were not opposed in principle to an acquisition by its Australian rival but said an improved and less complex offer would be needed.

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Mining industry braces for multi-billion pound Anglo American bidding war

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Glencore understood to be considering takeover offer while BHP could move again after initial rejection

The global mining industry is braced for a multi-billion pound bidding war for Anglo American amid growing speculation that mining companies are preparing rival bids.

The Australian miner BHP is understood to have sent senior executives to Anglo’s base in South Africa to meet key company stakeholders after an initial offer of £31bn was rebuffed by Anglo’s board last week.

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Mining firm BHP offers $25.7bn settlement for Brazil dam disaster

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Australian company and its partner Vale unleashed largest spill of mining waste in history

The mining company BHP has said it hopes to secure a $25.7bn (£20bn) settlement over the 2015 Samarco disaster, when the collapse of a dam left at least 19 people dead, 700 homeless and spread unprecedented levels of pollutants across the rivers and landscape of Brazil.

BHP said it had offered the settlement to the Brazilian authorities in partnership with fellow miner Vale, its 50:50 joint venture partner in a local subsidiary, Samarco.

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