Glencore's head of mining Peter Freyberg has retired. Has been replaced by Xavier Wagner

De Beers has made big cuts to diamond prices at its first sale of the year.

Reductions of ~10% as it tries to kickstart sales after an awful 2023

bloomberg.com/news/articles/… via Bloomberg Markets

As China gets ever more bellicose on iron ore prices, Vale says only the market can control them

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A mining company in the Democratic Republic of Congo backed by commodity trader Trafigura has put itself up for sale after a slump in the cobalt price left it struggling to finish key projects bloomberg.com/news/articles/… scoop w/ Michael J. Kavanagh Jack Farchy Archie Matt Hill

Big move by Russian diamond miner Alrosa which has halted sales for 2 months to try and prop up plunging prices. bloomberg.com/news/articles/… via Bloomberg Markets

Teck Resources is struggling to secure the support of top shareholder China Investment Corp. as the miner studies options to exit its coal business while fending off a takeover bid from Glencore, Jacob Lorinc Thomas Biesheuvel report bloomberg.com/news/articles/…

Glencore is preparing to increase its offer for Canada's Teck Resources to break the current deadlock bloomberg.com/news/articles/…

Dinesh Nair Jacob Lorinc

Teck says it's going to come up with a simpler way to split its business into metals and coal.

Says Glencore's bid remains a non-starter.

bloomberg.com/news/articles/… via Bloomberg Markets

Teck cancels its vote on splitting the company just hours before it was due to take place.

Big questions is will it now engage with Glencore?

bloomberg.com/news/articles/… via Bloomberg Markets

Veteran dealmaker Michael Klein has been advising Glencore on its bid to buy Teck Resources.

bloomberg.com/news/articles/… Jack Farchy Dinesh Nair

Veteran mining dealmaker Mick Davis has raised $590 million for his critical metals investment vehicle

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Teck's biggest shareholder, China's massive sovereign wealth fund, is currently leaning in favour of Glencore's plan to buy investors out of coal.
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Glencore is set to lose its status as the world's biggest cobalt miner Mark Burton

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Vale plans to IPO or spin off its base metals business and has approached former Anglo CEO mark Cutifani to be chairman of the new company Dinesh Nair

bloomberg.com/news/articles/…?

Goldman says carmakers trying to be miners will end badly

(Like pretty much every other sector that has tried its hand at mining)

bloomberg.com/news/articles/… James Attwood

Commodity-trader Trafigura keeps looking for new business with Russia

bloomberg.com/news/articles/… Jack Farchy Alfred Cang

Anglo takes a $1.7b writedown on its Woodsmith fertilizer mine (formerly Sirius Minerals), but finally gives a date for first production of 2027

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Rio wants to buy lithium mines.

Lithium mines are too expensive.

Something will have to give.

bloomberg.com/news/articles/… James Fernyhough

BHP continues to dump coal mines. This time it's two of its worst coking coal assets

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Teck confirms it's spinning off coal and will simplify its shareholding.

New structure looks messy though. Be interesting to know what the BD teams at Rio, BHP, Glencore etc make of it

bloomberg.com/news/articles/… Jacob Lorinc