First Quantum's Panama mine closure to cost around $800m, Minister says

The cost of the closure of Canadian miner First Quantum's copper mine in Panama is estimated at around $800-million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry... 

SRG Mining scraps C$16.9m deal with China's C-ONE as Canada tightens scrutiny

Graphite miner SRG Mining on Tuesday called off a C$16.9-million investment deal with China's Carbon ONE New Energy Group (C-ONE) following heightened scrutiny from the Canadian government. Shares... 

Future of First Quantum mine is for the people of Panama to decide, US official says

A dispute between First Quantum Minerals and Panama over the Canadian company's flagship copper mine in the Central American nation is an issue for the people of Panama to decide, a top US official... 

China sets tougher energy efficiency goal after falling behind on 2025 targets

China on Tuesday set more stringent energy intensity targets for 2024 after missing last year's goal, as the world's biggest energy consumer tries to keep from falling further behind on its climate... 

Uranium producer enCore sees first shipment from Rosita plant next week

Uranium producer enCore Energy said on Tuesday it expects to deliver the first shipment of uranium from its restarted Rosita Central Processing Plant next week. enCore is one of the many mining... 

Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes

Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8% in a subsidiary of Lithium Americas Argentina, as China's leading lithium producer ramps up its efforts to secure... 

Indonesia aims to finish mining output quotas approval by end-March, official says

Indonesia's has approved the mining production quota requests from more than 120 mineral companies and aims to complete the approval process this month, a senior official at the Energy and Mineral... 

Canada and Australia boost collaboration on critical minerals

Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday. The announcement... 

Frontier Lithium surges on JV with Mitsubishi for Canadian operations

Frontier Lithium has formed a joint venture with Japanese trading house Mitsubishi to help advance lithium mining and processing in Ontario, sending the Canadian miner's shares up 15% on Monday.... 

BHP inks tentative sales deals for Canadian potash

BHP has signed non-binding sales agreements for all potash production from both phases of the Canadian mine it is building in Jansen, Saskatchewan, and will look to convert those into firm offtakes... 

Chile wants 3 or 4 new lithium projects running in 2026, Finance Minister says

Chile wants to have three or four new lithium projects operational by 2026, the country's Minister of Finance Mario Marcel said on Saturday. The South American country - the world's largest copper... 

Rio Tinto CEO bullish on lithium but not eyeing big acquisitions

Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto CEO Jakob... 

In blow to Native Americans, US court approves land swap for Rio's Arizona copper mine

A US appeals court on Friday narrowly ruled that the federal government may give away thousands of acres in Arizona to Rio Tinto for a copper mine, upholding a previous ruling and rejecting an... 

New US sanctions more likely to curb Indian imports of Russian coal, traders say

New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of... 

Top Codelco execs see debt growing as production recovers

Top executives of Chile's State-run Codelco, the largest copper producer in the world, expect the company's debt to continue increasing as it adjusts cost estimates to revamp key mines. In a... 

Debswana's diamond sales down 25.1% in 2023 on weak demand

Debswana Diamond Company's sales of rough diamonds fell 25.1% in 2023, data released by Botswana's central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the... 

Canada to expedite approval of new nuclear projects

Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural... 

Polyus posts 2023 profit jump on higher output, gold prices

Russian gold producer Polyus's net profit rose 12% to $1.7-billion last year thanks to increased production and sales, it said on Thursday, but it expects lower gold output in 2024 and warned that... 

Indonesia, South Africa aim to regain lost share in Indian coal market

Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second... 

Chile to define lithium contracts by June, Mining Minister says

Chile’s government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model, Mining Minister Aurora Williams told reporters on... 

BHP to restructure some global corporate roles as it looks to trim costs

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 

Tighter Indonesian nickel ore supply boosts prices, curbs smelter output

Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production,... 

Russia diamond producer Alrosa's annual net profit drops 15.2%

Russia's sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18-billion roubles ($925-million), down 15.2% from the previous year. Turnover was up 9.2% at... 

Russia's new silver mine to start selling concentrate in Q3

Russia's new silver mine Prognoz, one of two major projects coming online around the world this year, will start selling silver concentrate in the third quarter of 2024, its owner told Reuters on... 

Australia considers tax credit for minerals processing, says industry group

The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining... 

Brazil, France partner to tackle illegal mining in French Guiana

Brazil and France are set to sign an international cooperation agreement that would allow police from both countries to launch joint operations aimed at tackling illegal mining in French Guiana,... 

Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny

A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted... 

Indonesia working to approve more nickel, tin quotas

Indonesia's Ministry is trying to address delays in approving new mining volume quotas, an official at the Energy and Mineral Resources Ministry said on Monday. The ministry so far has issued... 

Vale says court overturns suspensions of Sossego, Onca Puma mines

Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company's Sossego and Onca Puma mines. The miner was... 

Panama to defend interests in First Quantum case, official says

Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama's deputy finance minister told Reuters on Monday. The miner had last week said it was seeking... 

India considers export tax on low-grade iron ore, sources say

India is considering an export tax on low-grade iron-ore after small steel producers urged the government to curb its overseas sales, two sources directly involved in the matter said. China... 

Yintai Gold to buy Canadian gold exploration firm Osino for C$368m

China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368-million. Osino will end its C$287-million deal with Canadian... 

MIND ID to acquire 14% stake in Vale Indonesia from foreign investors

Indonesia's mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan's Sumitomo Metal Mining, to become the top shareholder at... 

Vale sees no sign of environmental breach at suspended mines

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on... 

WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade

Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious... 

Sasol reports 34% decline in half-year profit

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 

Lynas jumps as H1 profit tops estimates despite soft China demand

Australia's Lynas on Monday posted a better-than-expected half-year profit, sending its shares higher, even as the rare-earths miner navigated a tough market with weak underlying commodity prices... 

Forrest urges LME to separate nickel contracts into 'dirty' and 'clean'

The London Metal Exchange should classify its nickel contracts into "clean" and "dirty" contracts to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday. The... 

Alcoa aims to take out Australian partner Alumina in $2.2bn deal

US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer.... 

Zijin Mining gains approval for Tibet copper mine expansion

Chinese miner Zijin Mining has received local government approval for the second phase expansion of its Julong copper project in Tibet, the company said in a filing to the Shanghai Stock Exchange...