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X @Bloomberg
Bloomberg· 2026-02-05 16:48
Ionic Mineral Technologies is considering an initial public offering as early as 2027, as US miners race to build a domestic supply chain for rare earths and other critical minerals https://t.co/7n2Z5zgFLp ...
Rio Tinto Abandons Mega-Merger Talks With Glencore
WSJ· 2026-02-05 15:58
Core Viewpoint - A proposed deal aimed at creating the world's largest mining company, valued at over $200 billion, has not materialized, leading to a significant decline in Glencore's share price by approximately 8% [1] Company Summary - The deal would have positioned Glencore as the largest player in the mining sector, with a market capitalization exceeding $200 billion [1] - Following the news of the failed deal, Glencore's shares experienced a notable drop of around 8% [1]
X @The Wall Street Journal
Rio Tinto said it was no longer considering a potential tie-up with Glencore after weeks of talks, killing a potential deal that would have created the world’s largest mining company https://t.co/tVeUY8Vi0m ...
Rio Tinto and Glencore Abandon Plan for $200 Billion Merger. The Stocks Drop.
Barrons· 2026-02-05 15:49
Group 1 - The two mining companies are in discussions regarding a potential merger [1]
Barrick Mining (B) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2026-02-05 15:31
Core Insights - Barrick Mining reported $6 billion in revenue for Q4 2025, a 64.5% year-over-year increase, with an EPS of $1.04 compared to $0.46 a year ago, exceeding revenue estimates by 17.66% and EPS estimates by 22.93% [1] Financial Performance - The revenue surprise of 17.66% over the Zacks Consensus Estimate of $5.1 billion indicates strong performance [1] - The EPS surprise of 22.93% over the consensus estimate of $0.85 reflects better-than-expected earnings [1] Key Metrics - Total cash costs per ounce of gold were reported at $1,205.00, higher than the estimated $1,185.27 [4] - Gold production was 871.00 Koz, slightly below the estimated 876.50 Koz [4] - All-in sustaining costs (AISC) for gold were $1,581.00, exceeding the average estimate of $1,554.55 [4] - Copper's all-in sustaining costs were reported at $3.61, above the estimated $2.87, while C1 cash costs for copper were $2.45, higher than the estimated $1.92 [4] Stock Performance - Barrick Mining shares returned +0.2% over the past month, compared to a +0.5% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]
ArcelorMittal Signs Long-Term Liberia Pact, Commits $3.5B Investment
ZACKS· 2026-02-05 15:25
Core Insights - ArcelorMittal S.A. has formalized a long-term amendment to its Mineral Development Agreement with the Government of Liberia, extending its iron ore mining rights through 2050 with an option for an additional 25 years [1][7] Investment and Expansion Plans - The revised agreement, approved by Liberia's legislature, supports ArcelorMittal's $1.8 billion expansion plan, which will increase its total investment in Liberia to approximately $3.5 billion [2] - The expansion aims to boost iron ore shipments from about 5 million tons per annum (mtpa) to 20 mtpa by 2026, with potential growth up to 30 mtpa depending on further infrastructure upgrades [2] Infrastructure and Logistics Enhancements - The deal includes significant logistics improvements, such as upgrades to the Tokadeh–Buchanan rail corridor and port facilities to accommodate higher export volumes, while ensuring reserved rail access for ore transportation [3] Financial Implications - ArcelorMittal will make a $200 million payment to the Liberian government for the extension of mining rights and reserved railroad access, which is expected to enhance government revenues through increased royalties and taxes [4] Market Performance - Shares of ArcelorMittal have increased by 97.6% over the past year, outperforming the industry growth of 54.3% [6]
Glencore and Rio abandon merger talks
Reuters· 2026-02-05 15:23
Rio Tinto said on Thursday that it was no longer in talks with Glencore about a takeover that would have created the world's largest mining company, saying it could not reach an agreement that would d... ...
NextSource Materials signs LOI with Japanese battery materials producer for EV anodes
Proactiveinvestors NA· 2026-02-05 14:22
Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [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 delivered by the team includes insights into 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 recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]
Gunnison Copper announces planned distribution of Greenstone-owned shares
Proactiveinvestors NA· 2026-02-05 14:09
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Luca Mining Gains Visibility With Its Ramp-Up Projects Amid Bullish Precious Metals
Seeking Alpha· 2026-02-05 14:01
Shares of Luca Mining Corp., traded on the US OTCQX, are benefiting from market optimism, which is driving share price gains. This is correct posture in our opinion. We believe this willAlberto holds a Master's degree in Business Economics. During his academic career he acquired an extensive managerial and economic background, with a solid quantitative basis. He covers all sectors and the different types of stocks. Essentially describes a useful investment strategy that fits the profile of any investor, whe ...