Rio Tinto-Glencore Merger Reportedly In Discussion, Poised To Topple BHP As Largest Copper Miner
An industry-shifting movement in the global mining space could happen as Rio Tinto (LON: RIO) and Glencore (LON: GLEN) have reportedly entered discussions to potentially combine their operations. This merger, rumored to be the largest-ever deal in the mining sector, has the potential to create a powerhouse rivaling BHP Group (NYSE: BHP) as the world’s […]
Orano Signs Agreement For New Mine In Mongolia Under Joint Venture
Orano is set to develop a new uranium deposit in Mongolia, following the signing of an investment agreement with the Mongolian government. The agreement will see the development of the Zuuvch-Ovoo uranium mine, which is found in the Dornogovi province of Mongolia. The mine will be owned and operated by Badrakh Energy, which is a […]
Lundin Mining Produces Record Copper And Zinc In 2024
Lundin Mining (TSX: LUN) has released its full year 2024 production results, while also providing production guidance for the three year period of 2025 through to 2027. The fourth quarter saw Lundin produce 101,491 tonnes of copper, 51,946 tonnes of zinc, 1,617 tonnes of nickel, 912 tonnes of molybdenum and 46,456 ounces of gold. For […]
First Majestic Closes Acquisition of Gatos Silver Creating Leading Intermediate Silver Producer
First Majestic Silver (TSX: AG) (NYSE: AG) has officially completed its acquisition of Gatos Silver (TSX: GATO) (NYSE: GATO). The transaction is set to materially enhance the production profile of First Majestic.
Russia Central Bank Denies Plans to Freeze Deposits
The Central Bank of Russia issued a firm denial Monday regarding circulating rumors about potential freezes on private bank deposits, as concerns mount over the nation’s economic stability. “Such a move would severely undermine the banking system and financial stability,” the monetary authority said on Telegram, addressing widespread public inquiries that followed its recent aggressive […]
SEC Set for Crypto Policy Overhaul Under Trump
A sweeping overhaul of US cryptocurrency regulation looms as Republican SEC commissioners prepare to take control of the agency’s agenda next week, marking a dramatic departure from the enforcement-heavy approach of the Biden era. The incoming leadership duo of Commissioners Hester Peirce and Mark Uyeda signals a potential lifeline for the crypto industry, which has […]
British Oil Giant BP Cuts Nearly 5% of Workforce “To Simplify” Operations
British energy titan BP (NYSE: BP) unveiled a significant restructuring plan on Thursday, announcing the elimination of approximately 4,700 permanent jobs and the reduction of over 3,000 contractor positions. This move represents nearly five percent of BP’s global workforce and is a cornerstone of the company’s broader “multi-year programme to simplify” its operations and enhance […]
Cannabis Sector Faces $2.5 Billion Debt Test in 2026, Analysis Shows
The cannabis industry faces a critical refinancing challenge in 2026, when approximately $2.5 billion in debt matures, according to a new analysis by Viridian Capital Advisors. The report highlights significant risks for companies whose debt obligations exceed their market value, with about $800 million of maturing debt concentrated among the most vulnerable firms. These companies […]
Is MrBeast Buying TikTok?
MrBeast has begun talks with billionaire investors about a potential TikTok acquisition, as the platform approaches a US government deadline to sell or shut down. The YouTuber, whose real name is Jimmy Donaldson, sparked speculation Monday by tweeting: “Okay, fine, I’ll buy Tik Tok so it doesn’t get banned.” “Just got out a meeting with […]
Canada Reports 50,000 Foreign Students as ‘No-Shows’
Nearly 50,000 international students granted study permits for Canada failed to attend their designated schools during spring checks in 2024, according to government figures obtained by The Globe and Mail. The absences, documented through the International Student Compliance Regime’s biannual reporting system, represented 6.9% of students from 144 countries tracked by Immigration, Refugees and Citizenship […]