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Glass Lewis recommends Teck Resources to vote in favor of deal with Anglo American
Reuters· 2025-11-21 19:10
Core Viewpoint - Independent proxy advisory firm Glass Lewis has recommended that Teck Resources shareholders vote in favor of a merger with Anglo American [1] Group 1 - Glass Lewis is an independent proxy advisory firm that provides recommendations to shareholders [1] - The recommendation from Glass Lewis indicates a positive outlook for the proposed merger between Teck Resources and Anglo American [1]
Deadline Alert: Freeport-McMoran Inc. (FCX) Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP About Securities Fraud Lawsuit
Businesswire· 2025-11-21 18:34
Core Viewpoint - Freeport-McMoran Inc. is facing a class action lawsuit due to alleged securities fraud related to safety issues at its Grasberg Block Cave operation in Indonesia, which resulted in significant stock price declines following a tragic incident involving trapped workers [2][3][4][5][6]. Incident Overview - On September 9, 2025, Freeport announced the suspension of mining activities at the Grasberg Block Cave after a large flow of wet material trapped seven workers, leading to a stock price drop of $2.77, or 5.9%, closing at $43.89 per share [2]. - An update on September 24, 2025, revealed that two of the trapped workers had died, causing the stock price to fall by $7.69, or 17%, to close at $37.67 per share [3]. - Following media reports on September 25, 2025, regarding the implications of the production halt on Freeport's relationship with the Indonesian government, the stock price dropped another $2.33, or 6.2%, closing at $35.34 [4]. Lawsuit Details - The class action lawsuit alleges that Freeport made materially false and misleading statements and failed to disclose critical safety risks associated with its operations [5][6]. - Specific allegations include inadequate safety measures at the Grasberg mine, which heightened the risk of worker fatalities and led to undisclosed regulatory and reputational risks [6].
X @Bloomberg
Bloomberg· 2025-11-21 18:14
Shareholder advisory firm Glass Lewis recommended that investors of Teck and Anglo vote in favor of a deal to combine the mining companies https://t.co/QluuvraWBU ...
Ivanhoe Mines and Qatar Investment Authority (QIA) Announce Memorandum of Understanding (MOU) to Further Exploration, Development and Mining of Critical Minerals
Newsfile· 2025-11-21 15:00
Core Points - Ivanhoe Mines and Qatar Investment Authority (QIA) have signed a memorandum of understanding (MoU) to enhance exploration, development, and mining of critical minerals [1][3] - The MoU follows QIA's strategic investment of US$500 million into Ivanhoe Mines announced on September 29, 2025 [1][2] Collaboration Framework - The MoU establishes a framework for collaboration to support Ivanhoe's efforts in sustainably supplying critical minerals essential for global energy transition and advanced technologies [3][4] - QIA will support Ivanhoe Mines' management in pursuing existing and new growth projects, including the Western Forelands exploration project in the DRC [5] Future Opportunities - Ivanhoe and QIA intend to collaborate in good faith to identify and explore future partnerships and opportunities in mining projects at all development phases [6] - Potential areas of collaboration include investment or financing for critical minerals projects, strategic mergers and acquisitions, infrastructure development, and downstream processing capabilities [7][8] Company Background - Ivanhoe Mines is focused on advancing its operations in Southern Africa, including the Kamoa-Kakula Copper Complex and the Kipushi zinc-copper-germanium-silver mine in the DRC [9] - The company is also exploring for copper in its extensive exploration licenses in the Western Forelands and other regions such as Angola, Kazakhstan, and Zambia [10] QIA Overview - Qatar Investment Authority (QIA) is the sovereign wealth fund of Qatar, established to manage state reserve funds and invest across various asset classes globally [11]
Orion Expands Rare Earth and Critical-Mineral Holdings With New Nevada Lease; Provides Update on Multi-State Energy Operations
Accessnewswire· 2025-11-21 14:40
Core Insights - Orion Diversified Holding Co. Inc. has secured a two-year mineral lease covering approximately 20 acres in Nevada, an area known for its historical placer gold and precious metals potential [1] Company Developments - The lease was acquired through a low-cost fixed-term agreement, which grants Orion full exploration rights [1] - The agreement includes an exclusive option for the company to purchase the leased land during the lease period [1] Industry Context - The region where the lease is located is recognized for its critical mineral potential, indicating a strategic move by the company to enhance its resource portfolio [1]
X @Bloomberg
Bloomberg· 2025-11-21 13:12
State-owned miner Codelco and Kutch Copper, a unit of Indian billionaire Gautam Adani’s sprawling conglomerate, have struck a joint exploration and development deal in Chile, a source says https://t.co/38PYH9Ogdy ...
OTC Markets Group Welcomes PT Medco Energi Internasional TBK to OTCQX
Globenewswire· 2025-11-21 12:00
Core Insights - PT Medco Energi Internasional TBK has qualified to trade on the OTCQX Best Market, upgrading from the Pink market, which enhances its visibility and accessibility for U.S. investors [1][4] - The upgrade signifies a commitment to transparency and adherence to high financial standards and corporate governance practices [3][4] - Medco Energi operates in the energy sector with core business segments including Oil & Gas, Power, and Copper & Gold Mining, focusing on sustainable practices and advanced technologies [5] Company Overview - PT Medco Energi Internasional TBK is a leading energy and natural resource company in Southeast Asia, with a diversified portfolio that meets a broad range of energy demands [5] - The company employs advanced technologies for enhanced oil recovery and gas processing, and focuses on reliable electricity generation from renewable sources [5] - Medco Energi aims to create value for shareholders while adhering to responsible and sustainable operational practices [5] Market Context - OTC Markets Group Inc. operates regulated markets for trading 12,000 U.S. and international securities, providing a platform for companies to access U.S. financial markets efficiently [6] - The OTCQX Market supports issuers from 37 countries, reflecting the growing global reach and importance of this trading platform [4]
What's Next After Rio's 18% Surge
Forbes· 2025-11-21 11:45
Core Viewpoint - Rio Tinto demonstrated strong operational performance in Q3 2025, with significant increases in production and shipments across various segments despite challenging commodity markets [2][4][9] Production and Shipments - Pilbara iron-ore shipments reached 84.3 million tons, a 6% increase from the previous quarter [2] - IOC iron-ore pellets and concentrate production rose by 11% year-on-year [2] - Copper-equivalent production grew by 9% compared to Q3 2024 [2] - Bauxite production increased to 16.4 million tons, reflecting a 9% year-on-year rise, while aluminum output rose by 6% to approximately 0.86 million tons [2] Financial Performance - The share price of Rio Tinto increased by approximately 18% year-to-date, driven by diversified production and a focus on higher-growth sectors like copper and lithium [4][9] - The company revised its full-year bauxite guidance to a range of 59–61 million tons, up from 57–59 million tons [2] Growth Drivers - Copper production reached 204 kt in Q3, marking a 10% year-on-year increase, with expectations to meet the higher end of annual guidance [7] - The growth in bauxite and aluminum segments, supported by updated guidance, presents potential upside for the company [8] Future Outlook - Q4 2025 will be critical for iron-ore volumes and operational stability, especially following earlier weather disturbances [6] - Consistent Pilbara shipments alongside growth in bauxite and aluminum could lead to a strong finish for the year [6]
FCX SHAREHOLDERS: A Securities Class Action against Freeport-McMoRan Inc. has been Filed on behalf of Investors -- Contact BFA Law by January 12 if You Suffered Losses
Globenewswire· 2025-11-21 11:08
Core Viewpoint - A class action lawsuit has been filed against Freeport-McMoRan Inc. and certain senior executives for securities fraud, following significant stock drops attributed to potential violations of federal securities laws [1][3]. Company Overview - Freeport-McMoRan Inc. is a mining company with its Indonesian affiliate operating as PT Freeport Indonesia, which manages the Grasberg Copper and Gold Mine [4]. Incident Details - On September 9, 2025, Freeport announced the suspension of mining operations at Grasberg due to a landslide, leading to a stock price drop of $2.77 per share, or over 5.9%, from $46.66 to $43.89 [6]. - Following an update on September 24, 2025, revealing two fatalities and five missing team members, the stock price fell by $7.69 per share, or nearly 17%, from $45.36 to $37.67 [7]. - On September 25, 2025, reports indicated that the incident strained Freeport's relationship with the Indonesian government, causing the stock to drop by $2.33 per share, or over 6%, from $37.67 to $35.34 [8]. - An Indonesian news report on September 28, 2025, suggested that the landslide was preventable, indicating that the risks associated with certain mining methods were known [9]. Legal Proceedings - Investors have until January 12, 2026, to request to lead the case in the U.S. District Court for the District of Arizona, under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 [3].
Titan Mining Commences Trading on the NYSE American as “TII”
Globenewswire· 2025-11-21 11:00
Core Viewpoint - Titan Mining Corporation has successfully uplisted its shares to the NYSE American, marking a significant step in its strategy to enhance its presence in U.S. capital markets and support the domestic critical minerals supply chain [1][2]. Company Overview - Titan Mining Corporation is a zinc concentrate producer based in New York and is also emerging as a natural flake graphite producer, aiming to be the first end-to-end producer of natural flake graphite in the USA in 70 years [3]. - The company operates the Empire State Mine, which is 100% owned, and is focused on delivering shareholder value through operational excellence and the development of critical minerals assets [3]. Strategic Growth - The uplisting is seen as a validation of Titan's strategy and is expected to enhance visibility in U.S. capital markets at a crucial time for the domestic critical mineral supply chains [2]. - Titan is entering a new phase of strategic growth, supported by strong cash flow from its zinc operations and a federally supported graphite project [2].