Articles written by Stjepan Kalinic - Benzinga

BHP Unveils $14 Billion Capex For Chilean Copper Operations

BHP plans to invest $14B in Chile to boost copper production, securing long-term assets and meeting global demand. Challenges include labor law violations.

Sayona Merges With Piedmont Lithium, Pursues North American Lithium Growth

Sayona Mining and Piedmont Lithium merger will create North America's largest hard rock lithium miner. The new firm will focus on an expansion in Quebec, but Australian assets provide an opportunity for diversification.

Analysts See Iron Ore Below $100, Weak Chinese Demand

Iron ore prices are expected to stay low due to oversupply and weak Chinese demand. Geopolitical tensions add uncertainty for Australian miners.

Mali Demands $162 Million From Resolution, Trading Suspended

The Mali government is demanding a $162 million tax settlement from Resolute Mining, causing tensions with foreign mining companies and impacting the global gold supply.The Mali government demands $162M tax settlement from Resolute Mining, causing tension with miners and affecting global gold supply.

Urgency, Debate Mark COP29 As Leaders Push For Carbon Market Rules, Worry About Trump

Global leaders gather at COP29 to address climate change, carbon market mechanisms, and climate finance. Urgency and controversy at a fossil fuel reliant host country, but focus on establishing rules for a global carbon market.

Resolute Mining CEO Detained In Mali, Shares Crater

Resolute Mining CEO and executives detained in Mali while addressing concerns over in-country practices. Escalating risks for foreign mining operations.

Mineral Resources Confirms Founder's Departure Amid Tax Evasion Allegations, Moody's Cuts Outlook

Mineral Resources (OTC: MALRF) faces uncertainty as founder Chris Ellison steps down amid governance issues. ASIC and ATO investigating.

3 Stocks Set For Major Upside From Inflation Reduction Act — Why Tesla Misses Goldman's List

Goldman analysts highlight 9 companies with IRA exposure. Array Tech, Enphase, Nextracker projected for 114%, 75%, 58% upside, while Tesla's gains may be modest.

Albemarle Adjusts To Lower-For-Longer Lithium Prices, Cuts Capex, Announces Layoffs

Albemarle Corp reports net loss of $1.1b due to low lithium prices, announces cost-cutting measures; maintains outlook and expects surge in demand.

Trump's Victory A Tailwind For Domestic Steel, Risk For Canada, Say Analysts

U.S. election results stir market reactions. Analysts see potential shift in commodity market, steel industry, and trade tensions under Trump's policies.

Donald Trump's Victory Could Disrupt Commodities, Put Australia In Precarious Position

Trump's policies could affect global commodity prices, particularly in the fossil fuel and industrial metals sectors, with potential tariffs and trade stances.

Buffett Amasses A $325 Billion Cash Pile, Halts Berkshire Buybacks

The broad market has seen significant gains in 2024, but Buffett has been selling off stocks, including Apple and Bank of America, possibly anticipating lower interest rates. His focus on ROE and competitive advantage remains strong, but finding bargains has become challenging.

Anglo American Offloads $1.1 Billion Coal Stake, Proceeds With Restructuring

Anglo American to sell 33.3% stake in Jellinbah Group to Zashvin for $1.1 billion and focus on copper, iron ore, and crop nutrients.Anglo American sells Jellinbah stake, focuses on copper, iron ore, and crop nutrients. Will net $5-6b from divesting remaining coal assets.

Australian Breakthrough Extends Use For Coal-Powered Plants, Helps Shift To Renewables

Despite push for renewable energy, coal remains key in meeting electricity demand. IEA revised forecasts, projecting high demand well into next decade.

BHP Backtracks Its Comments On Abandoning Anglo American Deal

BHP backtracks on remarks about failed Anglo American bid, clarifies deal not off the table. Labor issues in focus as company expands in South America.

Newmont Seeks To Extend Largest Australian Mine Until 2050

Newmont applies for extension of Cadia mine permit until 2050, generating jobs & economic growth. Committed to sustainable production & divesting from non-strategic ops.

Net Zero By 2050 Might Cost The World $78 Trillion, Wood Mackenzie Estimates

World may miss climate goals by 2030, but net-zero by 2050 will cost $3.5 trillion annually. Renewables key, but face challenges in supply and materials. Oil & gas expected to remain in mix, but NDCs and global cooperation crucial for success.

Are Small Caps Poised To Lead The Market? Experts Weigh Pros, Cons

The latest Vanguard Market Perspective highlights the U.S. small-cap sector as the leading domestic opportunity.

Mali Government Threatens Barrick's Loulo Mine Permit Over Disputes On Economic Benefit Sharing

Mali may let Barrick's Loulo mine concession expire in 2026 due to disputes over economic benefits. Negotiations ongoing. CEO addresses tensions.

Goldman Sachs Warns About Aluminum Shortages, Australia Echoes 'We Don't Want It To Become New Nickel' (CORRECTED)

Goldman Sachs isn't alone in seeing the warning signs on the aluminum market. Australia, a top bauxite producer, warned about the problem.