Glencore Plc, which is in the middle of a fight to buy Canadian mining rival Teck Resources Ltd., said it’s on course for yet another bumper year of trading commodities. Glencore is one of the world’s biggest mining companies, but it also operates a sprawling trading business. The industry experienced a blowout year in 2022, as the disruptions caused by Russia’s invasion of Ukraine sent prices and volatility soaring. While some rivals have warned the extreme records of last year are unlikely...

The battle for some of Russia’s richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders. They’re all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of a shareholder coup to throw out the board and revive its fortunes. A decade ago, Petropavlovsk was worth $3...

The world’s biggest diamond producer says it’s tracked its first diamonds all the way from the mine to jewelry retailers using the technology behind bitcoin. De Beers, which is piloting a scheme using blockchain to create a virtual ledger of diamond sales, said that 100 high-value stones were tracked through the cutting, polishing and manufacturing process to a final retailer. The company plans to roll out the platform later this year. The technology allows De Beers to show transactions to...

Lucara joins De Beers and Alrosa in exploring blockchain tech William Lamb retires as CEO; replaced by co-founder Thomas The mining company that found the biggest diamond in more than a century has joined the race to use blockchain technology to guarantee the quality and ethics of gem supplies. Lucara Diamond Corp., which in 2016 discovered a 1,109-carat stone, bought the operator of a digital platform selling rough diamonds, as well as blockchain technology that seeks to track gems through...

PE deals in mining industry rose about 30% to $2.3 billion Copper, gold and battery metals were favored, law firm says Private-equity deals in the mining industry rebounded last year as copper and battery metals enticed investors, according to U.K. law firm Berwin Leighton Paisner. The value of such deals in the industry jumped by almost a third to $2.3 billion, with copper, gold and battery materials being the most attractive commodities, according to a report from the law firm. The amount...