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SolGold obtains $50m royalty funding from Osisko for Cascabel project

Osisko Gold Royalties has agreed to provide $50m financing to SolGold to fund the development of the latter’s Cascabel property in Ecuador.

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Glencore to suspend production at zinc smelter in Germany

Anglo-Swiss commodity trading and mining company Glencore is planning to put its zinc smelter in Nordenham, Germany, on care and maintenance.

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Vale and partners to invest in nickel project in Indonesia

PT Vale Indonesia has signed a deal with Shandong Xinhai Technology and China Baowu Steel Group to invest in a nickel processing plant.

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Rio Tinto signs binding agreement for Turquoise Hill takeover

Rio Tinto has signed an arrangement agreement to purchase the remaining 49% stake in Turquoise Hill Resources for $3.3bn.

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ArcelorMittal to close parts of steel plants in Germany and Spain

ArcelorMittal is planning to partly close two blast furnaces at its steelwork plants in Germany and one in Spain due to low demand and rising gas costs.

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