BHP has agreed to sell its idled Kambalda nickel concentrator in Western Australia, together with a package of mining tenements and mineral rights, to South Africa's Gold Fields. The undisclosed-value deal is expected to complete in 2027. The Kambalda plant was mothballed in 2024. BHP mothballed larger WA nickel operations the same year citing market oversupply and is assessing disposal of remaining nickel assets, including a nickel refinery, a smelter and mining operations. Gold Fields said it

2026-10-07

BHP has agreed to sell its idled Kambalda nickel concentrator in Western Australia, together with a package of mining tenements and mineral rights, to South Africa's Gold Fields. The undisclosed-value deal is expected to complete in 2027. The Kambalda plant was mothballed in 2024. BHP mothballed larger WA nickel operations the same year citing market oversupply and is assessing disposal of remaining nickel assets, including a nickel refinery, a smelter and mining operations. Gold Fields said it will assess options for long-term use of the concentrator.

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2026-10-07

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2026-10-07

Russia's military spending is expected to reach a record this year after President Putin ordered an additional near $60 bln to the defence budget, pushing projected defence outlays to about 17 tln rubles (≈$199 bln) by year-end, two sources close to the government said. The budget increase followed Putin's late‑year decision to sharply raise war spending after concluding talks in Alaska with the US were unlikely to produce an acceptable end‑of‑war agreement. The projected 2024 outlays are roughl