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By Reuters

Anglo American considers deeper cost cuts in face of worst downturn in years

7th February 2024

Anglo American may consider deeper cost-cutting measures unless market conditions improve after a fall in prices and a downturn in the platinum group metals (PGMs) sector that is the worst in 35... 


Artisanal cobalt miners in the DRC

Congo's Gecamines and Entreprise Generale du Cobalt sign mining deal

7th February 2024

Congo's State mining company Gecamines and its subsidiary Entreprise Generale du Cobalt (EGC) have signed an agreement granting EGC exclusive mining rights to five mining areas, the firms said on... 


Zambia mines minister Paul Kabuswe

Zambia set to negotiate bigger stakes in new mining projects

7th February 2024

Zambia is keen to negotiate larger holdings in new mining projects in order to raise its revenue and boost spending by investors on social projects, mines minister Paul Kabuswe said. The push by... 


Bolivia to ink $350m deal in Chinese financing for first zinc refinery

7th February 2024

Bolivia's government will sign a deal with China on Tuesday for $350-million in financing to build the South American country's first zinc refining plant, Bolivia's Mining Ministry said. The... 


Codelco's 2023 production declines, but recovery seen this year

Codelco's 2023 production declines, but recovery seen this year

7th February 2024

Production at mines owned by Chile's cash-strapped copper miner Codelco fell to 1.325 million metric tons in 2023, the company's chief executive told Reuters on Tuesday, promising a slight recovery... 


Canada govt to support First Quantum after mine closure order, Minister says

Canada govt to support First Quantum after mine closure order, Minister says

7th February 2024

The Canadian government will do its best to support First Quantum Mineral, the Trade Minister said on Tuesday without elaborating, as the Canadian miner deals with the fallout from the closure of... 


A cobalt mining operation in the DRC

US DFC boosts Congo funding, bids to de-risk world's top cobalt supplier

6th February 2024

The US International Development Finance Corporation (DFC) said it was scaling up financing and guarantees for mining projects in Democratic Republic of Congo, to help de-risk and unlock private... 


Billionaire-backed KoBold says open to partners as it plans $2bn Zambian copper mine

6th February 2024

KoBold Metals, a California-based metals exploration company backed by billionaires Bill Gates and Jeff Bezos, said it may consider partnerships as it plans to fast-track development of a new... 


Fire damage, sanctions delay start of new Russia zinc mine

6th February 2024

The start of zinc concentrate production at Russia's new Ozernoye mine will be delayed until at least the third quarter of 2024 and a ramp-up to full capacity until 2025, the mine operator said on... 


The accident took place on January 26, 2003 at the Diavik mine (pictured).

Rio Tinto unit faces criminal case in Canada over injured worker

6th February 2024

A Canadian unit of global mining company Rio Tinto is facing a criminal case after an employee was seriously injured at an Arctic diamond mine, according to an announcement by local authorities.... 


India sees annual coal output up 10.9% in 2024/25

5th February 2024

India expects domestic coal output to increase by 10.9% to 1.13-billion metric tons in the fiscal year ending March 2025, a senior government official said, driven mainly by higher production from... 


Indonesia's January tin exports slump 99% on delayed work approvals

5th February 2024

Indonesia exported 0.4 metric tons of refined tin in January, down 99% from the same month last year, Trade Ministry data showed on Monday, as miners faced delays in work plan approvals. On a... 


Australian gold miner Red 5 to acquire 100% of Silver Lake Resources

Australian gold miner Red 5 to acquire 100% of Silver Lake Resources

5th February 2024

Australian gold miner Red 5 will takeover rival Silver Lake Resources to build a mid tier gold company valued at $1.5-billion, the two companies said in a joint statement on Monday. The merged... 


Rare earths prices seen rebounding in second half of 2024 - analysts

Rare earths prices seen rebounding in second half of 2024 - analysts

5th February 2024

Rare earth prices have likely bottomed out and are poised to rise later this year on demand from electric vehicles (EVs) and wind powerand as dominant producer China is expected to pull back on... 


A conveyor at the QAL refinery

Russia's Rusal loses suit against Rio Tinto over alumina refinery, can appeal

2nd February 2024

Russian aluminium producer Rusal has lost a lawsuit against global miner Rio Tinto that sought to win back access to its 20% share of the alumina produced at a jointly owned refiner in Queensland,... 


Copper sheets produced in the DRC

Western miners lag as oil powers enter race for Africa's critical metals

2nd February 2024

Risk aversion is likely to leave major Western miners lagging in a race to tap Africa's reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate... 


Uranium stocks extend surge after Kazakh miner cuts output

Uranium stocks extend surge after Kazakh miner cuts output

2nd February 2024

Uranium miners extended a rally that’s made them the best-performing Australian stocks this year after the world’s biggest producer of the metal used to produce nuclear fuel cut its output target.... 


South32 sues IGO over Tropicana gold mine royalty claim

South32 sues IGO over Tropicana gold mine royalty claim

1st February 2024

Australian diversified miner South32 has sued battery metal producer IGO for royalty payments worth A$122.1-million ($80.17-million) related to the Tropicana gold mine operations, the companies... 


Swiss ban Russian diamond imports, joining latest EU sanctions

1st February 2024

Switzerland will ban the import of Russian diamonds in line with the latest round of European Union sanctions designed to punish Moscow for its invasion of Ukraine, the government said on... 


US slashes estimates on Vietnam rare earths mining output

1st February 2024

The United States geological agency has greatly revised down earlier estimates for Vietnam's rare earths output in 2022 and expects a further drop in mining production last year, according to its... 


EU trade chief to press on with US battery minerals talks despite differences

31st January 2024

The US and European Union failed on Tuesday to reach a trade deal for critical battery minerals but are vowing to press ahead with talks to create a transtlantic marketplace for minerals and other... 


Nigeria to offer investors 75% stake in proposed solid minerals firm

31st January 2024

Nigeria plans to offer investors at least a 75% stake in a proposed solid minerals corporation, a minister said on Tuesday, as lawmakers draft legislation to create the new state-backed firm to... 


China Baowu raises $1.4bn via bond, mostly for Simandou iron-ore project

30th January 2024

The world's largest steelmaker China Baowu Steel Group has raised ten-billion yuan ($1.4-billion) from a bond issue, in part for the giant Simandou iron-ore project in Guinea, it said on Monday.... 


Brazil state prosecutor urges Vale, BHP to settle over dam disaster

30th January 2024

Miners Vale, BHP and their joint venture, Samarco, should strike a deal to compensate for a deadly dam disaster in 2015 or risk paying a lot more in court, the Minas Gerais state prosecutor general... 


First Quantum to sell 120 000 t of copper in Panama mine

30th January 2024

Canadian miner First Quantum Minerals said on Monday it intends to sell the 120 000 t of copper concentrate stored near the Punta Rincon port. First Quantum's Panama unit said in a statement that... 


Vale's 2023 iron-ore output tops guidance, but sales fall

Vale's 2023 iron-ore output tops guidance, but sales fall

30th January 2024

Vale's iron-ore production grew 4.3% in 2023, topping the Brazilian miner's estimate for the year, while shipments of the commodity fell slightly, the company said on Monday. The firm produced... 


World's biggest jeweller Pandora stops using mined silver and gold

World's biggest jeweller Pandora stops using mined silver and gold

29th January 2024

Pandora, the world's largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to... 


Nornickel forecasts 2024 nickel output drop after 5% fall in 2023

Nornickel forecasts 2024 nickel output drop after 5% fall in 2023

29th January 2024

Russian metals producer Nornickel on Monday said it expected another drop in nickel output in 2024, following on from a 5% fall last year, as geopolitical risks continue to affect the company's... 


Australia's Resources Minister seeks investment from South Korea, Japan

Australia's Resources Minister seeks investment from South Korea, Japan

29th January 2024

Australia's Resources Minister has begun a week long trip to South Korea and Japan to discuss gas exports and critical minerals opportunities, as its government on Monday released a "prospectus"... 


Copper cathode produced in the DRC

Chinese companies to invest up to $7bn in Congo mining infrastructure

29th January 2024

Chinese construction companies will invest up to $7-billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt joint venture in the Democratic Republic of... 


Codelco names Braim Chiple as chief commercial officer

29th January 2024

Chile's State-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Starting on March 15, Chiple, who comes from the... 


Bolivia launches new international tender for lithium extraction

Bolivia launches new international tender for lithium extraction

29th January 2024

Bolivia's government has launched a new international tender for companies to extract lithium from the country's salt flats, the energy minister said on Friday. The tender, from state-owned... 


Sigma Lithium's chief controls officer exits company in latest shake-up

29th January 2024

Sigma Lithium's chief controls officer (CCO) Raphael Dias has left the company, he told Reuters on Friday, in the latest management shakeup at the Vancouver-based miner. Dias was announced as CCO... 


Brazilian President Luiz Inacio Lula da Silva

Brazil's mining chief says Lula never tried to weigh in on Vale succession

29th January 2024

Brazilian President Luiz Inacio Lula da Silva has not sought to influence who will be chief executive of major mining company Vale, a senior official said on Friday, after recent reports suggesting... 


Chinese copper smelters propose output cuts on concentrate tightness -sources

26th January 2024

China's top copper smelters on Friday have proposed cuttingtheir output, three sources familiar with the matter said on Friday, as tight supplies of copper concentrate ore for processing have cause... 


Codelco names Braim Chiple as chief commercial officer - company statement

26th January 2024

Chile's state-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Chiple will take over from outgoing CCO Carlos... 


Bento Rodigues district was covered in mud after Samarco dam burst in Mariana IN 2015.

BHP to review court decision on $31.5bn Fundao dam claim

26th January 2024

BHP Group said on Friday it would review a Brazilian Federal Court decision regarding a 155-billion reais ($31.53-billion) government claim over the 2015 collapse of Fundao dam owned by Samarco,... 


Sasol warns on quarterly coal output

26th January 2024

South Africa's Sasol on Thursday reported lower output at its coal mining division in the October-December quarter citing safety-related incidents, tough geological conditions and delays in... 


Brazil orders Vale, BHP and Samarco to pay $9.7bn in damages for dam disaster

Brazil orders Vale, BHP and Samarco to pay $9.7bn in damages for dam disaster

26th January 2024

A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6-billion reais ($9.67-billion) in damages for a 2015 tailings dam burst, according to a legal... 


Richard Adkerson

Freeport-McMoRan's profit beats estimates on strong copper production

25th January 2024

Copper miner Freeport-McMoRan beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by strong production and higher prices for the red metal, sending its shares up about 6% in... 


Iron-ore being loaded onto a ship

Red sea attacks push BHP to divert some shipping via African coast

25th January 2024

Australian mining giant BHP Group said on Thursday that the Red Sea disruptions are forcing some of its freight service providers to take alternative routes, such as Africa's Cape of Good Hope,... 


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