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Rio Tinto (RIO)’s CEO Announces Plan to Generate Up to $10 Billion Through Divestments & Other Strategies
Yahoo Finance· 2025-12-12 12:27
Core Insights - Rio Tinto Group (NYSE: RIO) is planning to generate up to $10 billion through restructuring, including divestments of assets such as land and infrastructure [1][2] - The company expects to produce between 860,000 and 875,000 metric tons of copper in the current year, an increase from the previous forecast of 780,000 to 850,000 tons [1] - An upgraded agreement has been signed with the Nyiyaparli People in Australia, covering the Hope Downs mining facility [2] Group 1 - The CEO of Rio Tinto, Simon Trott, announced plans for significant restructuring to generate $10 billion [1] - The firm is considering divesting various assets to achieve this financial goal [1] - The increase in copper production expectations reflects a positive outlook for the company's operational performance [1] Group 2 - The agreement with the Nyiyaparli People indicates a commitment to working collaboratively with indigenous communities [2] - Deutsche Bank has maintained a Hold rating for Rio Tinto shares, setting a target price of £53 [2]
Asian Shares Rally As Investors Ponder Fed Outlook
RTTNews· 2025-12-12 08:36
Market Overview - Asian stocks experienced a rally following a less hawkish outlook from the U.S. Federal Reserve, with the U.S. dollar remaining stable and gold prices near a seven-week peak [1] - Oil prices increased due to concerns over potential supply disruptions from Venezuela [1] Chinese Market - Chinese shares mostly rose, with the Shanghai Composite increasing by 0.41% to 3,889.35, supported by a commitment from Beijing to maintain a "proactive" fiscal policy aimed at stimulating consumption and investment [2] - The Hang Seng index in Hong Kong surged by 1.75% to 25,976.79, driven by expectations of further growth initiatives from Chinese authorities [2] Japanese Market - Japanese stocks rallied, with the Nikkei average climbing 1.37% to 50,836.55, influenced by reports of SoftBank Group and Nvidia discussing a $1 billion investment in Skild AI [3] - The broader Topix index rose by 1.98% to 3,423.83, while SoftBank shares increased by 3.9% [4] South Korean Market - Seoul stocks rebounded with the Kospi average surging 1.38% to 4,167.16, following strong earnings from Broadcom [5] - SK Hynix's shares rose by 1.1% despite a warning advisory from the Korea Exchange [5] Australian and New Zealand Markets - The S&P/ASX 200 index in Australia rose by 1.23% to 8,697.30, led by gains in financials and mining sectors [6] - New Zealand's S&P/NZX 50 index finished slightly higher at 13,406.91, following a survey indicating slight expansion in the manufacturing sector [6] U.S. Market - U.S. stocks ended a volatile session mostly higher, with the Dow increasing by 1.3% and the S&P 500 rising by 0.2%, both reaching new records [7][8] - The Nasdaq Composite, however, slipped by 0.3% due to Oracle's disappointing revenue and guidance, raising concerns about AI overspending [8]
X @Bloomberg
Bloomberg· 2025-12-12 01:52
China’s state-backed iron ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders https://t.co/TQFQD2Lho7 ...
Regency Silver Announces Upsize of Previously Announced Brokered LIFE Offering to $3.0 Million Led by Centurion One Capital and Filing of Amended and Restated Offering Document
Newsfile· 2025-12-11 23:52
Core Viewpoint - Regency Silver Corp. has announced an upsized brokered private placement offering of $3.0 million due to strong investor demand, increasing the number of units to be issued to 17,142,857 at an issue price of $0.175 per unit [1][3]. Group 1: Offering Details - The offering will consist of units, each comprising one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at $0.26 for 36 months [2]. - The Lead Agent has the option to increase the offering by an additional 2,571,428 units, potentially raising total gross proceeds to $3,450,000 if fully exercised [3]. - Proceeds from the offering will be allocated for drilling on the Dios Padre Project in Sonora, Mexico, and for general working capital [3]. Group 2: Regulatory and Compliance Information - The units will be offered through a private placement under the Listed Issuer Financing Exemption in British Columbia, Alberta, and Ontario, as well as in the United States under applicable exemptions [4]. - An amended and restated offering document has been filed, which prospective investors are encouraged to review before making investment decisions [5]. - The offering is expected to close around December 18, 2025, subject to necessary approvals [6]. Group 3: Related Party Transactions - Certain related parties of the company may participate in the offering, which will be classified as a "related party transaction" but is expected to be exempt from formal valuation and minority shareholder approval requirements [7]. Group 4: Company Overview - Regency Silver Corp. is a Canadian resource company focused on exploring gold, copper, and silver in Mexico, with its flagship project being the Dios Padre project [10]. - The Dios Padre project has shown promising drill results, including significant gold and copper discoveries [10]. Group 5: Lead Agent Information - Centurion One Capital is the lead agent for the offering, aiming to support visionary entrepreneurs with capital and expertise [11].
Rio2 Announces Filing of Prospectus Supplement in Connection with Previously Announced “Bought Deal” Equity Financing
Globenewswire· 2025-12-11 22:47
Core Viewpoint - Rio2 Limited has filed a prospectus supplement to qualify the public distribution of subscription receipts in connection with its equity financing and acquisition of the Condestable mine [1][2]. Equity Financing - The company is offering 74,865,000 subscription receipts at a price of $2.22 each as part of a "bought deal" equity offering [2]. - An over-allotment option has been granted to underwriters, allowing them to purchase up to 15% additional subscription receipts at the same price within 30 days of closing [3]. - The closing of the equity financing is expected around December 15, 2025, pending customary closing conditions and approvals from the Toronto Stock Exchange (TSX) [4]. Acquisition of Condestable Mine - Rio2 has entered into a definitive agreement to acquire a 99.1% interest in the Condestable mine located in Peru [5]. - Details regarding the acquisition, including highlights and rationale, are available in the prospectus supplement [5]. - A technical report on the Condestable mine has been filed and is accessible for further information [6]. Company Overview - Rio2 Limited is focused on mining operations and development, particularly the Fenix Gold Project in Chile [8]. - The company emphasizes high environmental standards and responsible development practices [9].
Gold Royalty Corp. (GROY) Discusses Acquisition of Pedra Branca Royalty and Related Equity Financing - Slideshow (NYSE:GROY) 2025-12-11
Seeking Alpha· 2025-12-11 22:32
Group 1 - The article discusses the importance of enabling Javascript and cookies in browsers to prevent access issues [1] - It highlights that users with ad-blockers may face restrictions when trying to access content [1]
Bear Creek Mining Monetizes Tassa Project in Peru
Newsfile· 2025-12-11 22:30
Core Points - Bear Creek Mining Corporation has executed an agreement to sell its 100% interest in the non-core Tassa Project in southern Peru to Colque Holding Pty Ltd for a total consideration of US$3.5 million, structured in staged payments over 30 months [1][2][3] Consideration Structure - The total consideration includes a signing fee of US$30,000, US$470,000 upon execution of the agreement, followed by deferred payments of US$500,000, US$1,000,000, and US$1,500,000 over the next 30 months [5] - The deferred payments are secured by a first-ranking security interest over the Tassa concessions [2] Future Royalties - Upon completion of the acquisition, Colque will grant Bear Creek a 2% net smelter return royalty on all minerals produced from Tassa, with an option for Colque to buy back 1% of this royalty for an additional US$2.5 million [2][3] Management Commentary - The transaction reflects Bear Creek's strategy to focus on core assets while unlocking value from non-core projects, indicating a commitment to enhancing shareholder value [3]
Shareholders that lost money on Freeport-McMoRan Inc.(FCX) Urged to Join Class Action – Contact The Gross Law Firm to Learn More
Globenewswire· 2025-12-11 21:37
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Freeport-McMoRan Inc. regarding a class action lawsuit related to alleged misleading statements and safety issues at the Grasberg Block Cave mine in Indonesia [1][3]. Summary by Sections Class Action Details - The class period for the lawsuit is from February 15, 2022, to September 24, 2025 [3]. - Allegations include that Freeport failed to ensure adequate safety measures at the Grasberg Block Cave mine, leading to increased risks for workers and potential regulatory and reputational consequences [3]. Shareholder Information - Shareholders are encouraged to register for the class action by January 12, 2026, to participate in any recovery [4]. - Registration will provide shareholders with updates throughout the case lifecycle, and there is no cost or obligation to participate [4]. Law Firm Background - The Gross Law Firm is a nationally recognized class action law firm focused on protecting investors' rights against deceit and fraud [5]. - The firm aims to hold companies accountable for misleading statements that inflate stock prices, ensuring responsible business practices [5].
Copper Hits Fresh All-Time High After Fed Delivers Rate Cut
Yahoo Finance· 2025-12-11 18:20
Core Insights - Copper prices reached a record high of $11,906 per ton, driven by a Federal Reserve interest rate cut and an upgraded growth forecast for the US economy [2][3] - The Fed's new growth projection for the US economy is 2.3% for next year, an increase from the previous estimate of 1.8%, with inflation expected to slow to 2.4% [3] - The positive outlook for the US economy is expected to enhance demand for industrial metals, despite a recent decline in Chinese copper consumption [4] Industry Summary - Copper has increased nearly 35% this year, influenced by mine disruptions and anticipated shortages outside the US, as traders prepare for potential tariffs [5] - The renewable energy sector is driving long-term demand for copper, contributing to its price rally [5] - Other industrial metals also saw price increases, with tin rising 4.4% to $41,751 per ton and zinc jumping 3.9% [5]
Antofagasta chief Arriagada reclaims role as as ICMM chair
MINING.COM· 2025-12-11 18:11
Iván Arriagada. Credit: Antofagasta PLC The International Council on Mining and Metals (ICMM) has re-appointed Iván Arriagada, chief executive officer of Chilean miner Antofagasta Plc, as its chair, effective immediately over a two-year term.He will succeed Tom Palmer, who became chair in October 2024 but is retiring from his role as CEO of Newmont, the world’s largest gold mining company, at the end of this year.ICMM is governed by its council comprising the CEOs of its 26 member companies. The chair is ap ...