Workflow
Mining
icon
Search documents
Deadline Soon: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact The Law Offices of Frank R. Cruz About Securities Fraud Lawsuit
Businesswire· 2026-01-09 18:49
Core Viewpoint - The Law Offices of Frank R. Cruz is reminding investors about the January 12, 2026 deadline to participate as lead plaintiffs in a securities fraud class action lawsuit against Freeport-McMoran Inc. (FCX) for losses incurred during the specified class period [1] Group 1 - The lawsuit is on behalf of investors who acquired Freeport-McMoran Inc. securities between February 15, 2022, and September 24, 2025 [1] - Investors who lost money on Freeport-McMoran Inc. (FCX) are encouraged to participate in the lawsuit [1]
Silver's Streak Has Led to a 300% Surge for This Miner. It's No Longer a Buy.
Barrons· 2026-01-09 18:42
Shares of Hecla, the top silver producer in the U.S. and Canada, have done even better than the metal. But the stock isn't cheap. ...
Wall Street jostles to advise on Rio-Glencore, eyes $100 million prize
Reuters· 2026-01-09 18:01
Rio Tinto's ambition to acquire Glencore and create the world's largest mining company worth more than $200 billion could see Wall Street advisers share more than $100 million in fees. ...
Rio Tinto Continues to Ramp Up Copper Output: What's the Road Ahead?
ZACKS· 2026-01-09 17:10
Core Insights - Rio Tinto Group (RIO) is experiencing growth in copper production, with a 10% year-over-year increase in Q3 2025, driven by strong asset performance [1][8] Group 1: Production and Technology - The company produced its first copper from the Johnson Camp mine in Arizona in December 2025, utilizing Nuton Technology for cleaner and more efficient production [2][3] - The deployment at the Johnson Camp mine aims for approximately 30,000 tons of refined copper production over a four-year demonstration period, focusing on achieving the lowest carbon footprint in the U.S. [3] - Rio Tinto's total copper production for 2025 is projected to reach the higher end of its guidance, between 780,000 and 850,000 tons, supported by strong performance at the Oyu Tolgoi site and Kennecott mine [4][8] Group 2: Peer Comparison - Southern Copper Corporation (SCCO) has the largest copper reserves in the industry and targets a production of 958,800 tons for 2025, with significant contributions expected from its Pilares project [5] - BHP Group (BHP) reported record copper output of 2,017,000 tons for fiscal 2025, an 8% increase year-over-year, and anticipates production between 1,800,000 and 2,000,000 tons for fiscal 2026 [6] Group 3: Financial Performance and Valuation - Rio Tinto's shares have increased by 43.1% over the past year, slightly below the industry's growth of 44.8% [7] - The company is trading at a forward price-to-earnings ratio of 11.90X, which is below the industry's average of 17.20X, and holds a Value Score of B [10] - The Zacks Consensus Estimate for Rio Tinto's 2025 earnings has been rising over the past 60 days, indicating positive sentiment [11]
OTC Market Update and Letter of Intent with NFI Empire
Accessnewswire· 2026-01-09 16:20
Core Viewpoint - Newport Gold, Inc. has announced a plan to become current with its obligations to OTC Markets and has executed a Letter of Intent with NFI Empire, an automotive firm generating over $10 million in annual revenue [1] Group 1 - Newport Gold, Inc. is a mining and technology company [1] - The company aims to fulfill its obligations to OTC Markets [1] - NFI Empire is described as a premier, asset-light automotive firm based in North East, Pennsylvania [1] Group 2 - NFI Empire generates more than $10 million in annual revenue [1]
Iran Protests Put Supply Risk Back on the Oil Radar
Yahoo Finance· 2026-01-09 15:15
Oil Market Insights - Iran protests have contributed to a bullish start for 2026, raising concerns about potential supply disruptions, with ICE Brent prices nearing $63 per barrel, marking a $2 increase and the third consecutive weekly gain [2] - The US government's inability to attract investments from oil majors in Venezuela has tempered expectations for a near-term surge in Venezuelan oil production, despite Treasury Secretary Bessent's encouragement for 'wildcatters' to drill [2][6] Geopolitical Developments - The US military seized a Russian-flagged tanker after a three-week pursuit, highlighting ongoing tensions in maritime oil transport [3] - Iraq has approved the nationalization of the West Qurna 2 oilfield, previously operated by Lukoil, due to US sanctions, with operations now under the control of state-owned Basrah Oil [4] Mergers and Acquisitions - Rio Tinto and Glencore are in early discussions to merge, potentially creating the world's largest mining company valued at $207 billion, building on a previous stalled merger proposal [5] - Spanish and Portuguese refiners, Moeve and Galp, are negotiating a merger of their downstream businesses, aiming for a combined capacity of 690,000 b/d, which represents 5% of Europe's refining capacity [7]
Rio Tinto, Glencore announce preliminary merger talks to create mining giant
Yahoo Finance· 2026-01-09 15:04
Core Viewpoint - Rio Tinto and Glencore are in preliminary merger discussions to create the world's largest mining group, with a combined market capitalization of nearly $207 billion [1]. Group 1: Merger Discussions - The merger talks follow a trend of expansion and acquisition efforts in the mining industry, including the planned merger of Anglo American and Teck Resources, which aims to create a significant copper-focused entity [2]. - The current proposal involves an all-share acquisition where Rio Tinto would acquire "some or all" of Glencore, although details on asset inclusion remain sparse [3]. - Rio Tinto has until February 5 to either make a formal offer for Glencore or announce that it will not pursue the transaction, in accordance with UK takeover rules [4]. Group 2: Market Reactions - Investor reactions to the merger discussions have been mixed; Glencore's US-listed shares rose approximately 6% following the announcement, while Rio Tinto's shares on the Australian exchange fell by 6.3%, indicating investor skepticism about the deal [4]. - Hugh Dive, chief investment officer at Atlas Funds Management and a Rio Tinto shareholder, expressed concerns about the historical performance of major acquisitions in the mining sector, suggesting that such mergers often occur at market peaks and can be dilutive over time [5].
Liberty Star Minerals reviews 2025 progress, outlines exploration plans
Proactiveinvestors NA· 2026-01-09 14:16
Company Overview - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance workflows and improve content delivery [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]
Investors piled into this miner after talk of US investment in Greenland
Yahoo Finance· 2026-01-09 13:36
Core Viewpoint - Amaroq Minerals has seen a significant increase in its stock price following discussions with US government bodies regarding potential investment opportunities in Greenland's mining sector [1][5] Company Overview - Amaroq Minerals operates the Nalunaq gold mine in southern Greenland and holds exploration licenses for copper and rare earth elements [4] - The company has raised over $300 million in the past decade and employs around 300 people [3] Investment Opportunities - The potential deals being discussed may include offtake agreements, infrastructure support, and credit lines [1] - Increased American investor interest is linked to renewed political focus on Greenland, particularly due to President Trump's emphasis on the region's strategic importance [2][3] Strategic Importance of Greenland - Greenland's significance has grown as melting Arctic ice opens new shipping routes, intensifying competition among the US, Russia, and China [2] - Trump has expressed concerns that Denmark is not adequately safeguarding Greenland's strategic value, highlighting national security interests [3] Challenges and Collaboration - The heightened attention on Greenland presents investment opportunities, although infrastructure and logistics remain major challenges [4] - Collaboration between the Nordics and the US is deemed essential, with the understanding that Greenland ultimately makes the final decisions [4][5]
SCOTUS Poised For Major Ruling On Tariffs
Seeking Alpha· 2026-01-09 12:11
Group 1: Economic Indicators - The latest non-farm payrolls report is expected to be positively influenced by seasonal hiring and the government restart [2] Group 2: Corporate Developments - Glencore and Rio Tinto have resumed discussions regarding a potential merger nearly a year after previous talks ended [3] - General Motors is facing an additional $7.1 billion writedown due to a reduction in electric vehicle production and operations in China [3] - Nvidia has appointed a former Google executive as its first marketing chief [7] - Disney plans to continue expanding its investments in China [7] - Tilray Brands reported record quarterly revenue, leading to a significant stock increase [8] Group 3: Legal and Regulatory Issues - The Supreme Court is expected to rule on the legality of President Trump's tariffs, which are designed to reduce the trade deficit and counter fentanyl trafficking [4] - The tariffs were enacted under the International Emergency Economic Powers Act of 1977, raising questions about whether they fall under taxation or regulatory powers [5] - There is uncertainty regarding whether a potential ruling against the tariffs would require refunds, with estimates suggesting that refunds could total around $130 billion [6] Group 4: Market Performance - In Asia, Japan's market increased by 1.6%, while Hong Kong and China saw modest gains of 0.3% and 0.9% respectively; India experienced a decline of 0.7% [8] - European markets showed positive movement with London up 0.4%, Paris up 0.8%, and Frankfurt up 0.3% [8] - Futures indicate a flat opening for the Dow, with slight increases for the S&P and Nasdaq [8]