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January 22, 2024
Australia's Lynas Rare Earths said on Monday its second-quarter revenue fell sharply, missing analysts' estimates, as prices plunged during a slowdown in construction activity in China, sending its shares to 30-month lows. The world's largest producer of rare-earths outside China said its sales fell 51.7% to A$112.5 million ($74.06 million) in the three months to Dec. 31, from A$232.7 million in the year-ago period. "Major issue for the company at present is the commodity p...
January 15, 2024
Rio Tinto on Tuesday reported full-year shipments of 331.8 million metric tons, up 3% on the year as it leans on greater efficiencies and higher production from its Gudai-Darri mine in Western...
January 15, 2024
Rio Tinto on Tuesday reported a 1% fall in its iron ore shipments in the fourth quarter of 2023 even as it ramped up production at its Gudai Darri mine in Western Australia. The worlds...
January 15, 2024
Rio Tinto said on Tuesday its Dampier Salt joint venture will sell the Lake MacLeod salt and gypsum operations in Western Australia to Leichhardt Industrials Group, which is backed by former Dow...
January 9, 2024
-Global asset manager Keppels infrastructure business will supply electricity to the Singapore operations of contract chipmaker GlobalFoundries under a multi-year agreement, the companies said on...
January 9, 2024
"GlobalFoundries is expected to contract about 25% of KSCs total generation capacity for more than 15 years when the plant is operational," the companies joint statement said.
January 9, 2024
-Global asset manager Keppels infrastructure business will supply electricity to the Singapore operations of contract chipmaker GlobalFoundries under a multi-year agreement, the companies said on...
January 4, 2024
Australian mining giant Fortescue on Thursday said a heat buckle in its railway line was behind the derailment of multiple iron-ore cars which cut the supply of the commodity to its Western Australia...
January 4, 2024
Australian mining giant Fortescue on Thursday said a heat buckle in its railway line was behind the derailment of multiple iron-ore cars which cut the supply of the commodity to its Western Australia...
December 29, 2023
DBS Group Holdings said on Friday it was raising its stake in Chinas Shenzen Rural Commercial Bank in a S$376 million deal, as it looks to tap into growing opportunities in the Greater China...