Trafigura’s former battery metals co-head Wetterwald is leaving

Mehdi Wetterwald, who was briefly co-head of battery metals at Trafigura Group, is leaving the trading house in the latest senior departure from its metals unit. Wetterwald, who joined Trafigura... 

Lula pushes ally for Vale CEO as Brazil’s iron-ore miner weighs succession

Political lobbying as much as boardroom maneuvering could determine who wins the race to become the next boss of Vale, the world’s No. 2 iron-ore producer. Brazilian President Luiz Inacio Lula da... 

Gold riches fuel Sudan militia’s war to rule nation, UN says

Sudan’s paramilitary Rapid Support Forces (RSF) group is using large-scale proceeds from gold mining to fund its devastating war against the nation’s army, according to United Nations... 

Cyclone forming near Australia's coast may have 'severe impact'

Australia’s resource-rich Queensland state is bracing for its second tropical cyclone in a little more than a month, with a storm off the coast expected to strengthen during the weekend. A... 

Endeavour Mining says former CEO to lose $29.1m in pay

Endeavour Mining is stripping its former CEO Sébastien de Montessus of $29.1-million in renumeration after he was fired earlier this month for “serious misconduct". The London-based gold miner... 

Adani says green hydrogen can repeat solar's path to low costs

Billionaire ports-to-coal tycoon Gautam Adani has called for a renewed global focus on lowering green hydrogen prices to spur the clean fuel’s adoption in emissions intensive industries. Lowering... 

China cobalt buyers use global glut to challenge pricing

China’s battery industry has seized on a glut in the global cobalt market to push through a change in the way the commodity is priced. A rapid expansion of cobalt mining in Democratic Republic of... 

Alcoa threatens to shutter Spain complex amid mounting losses

Alcoa's CEO said mounting losses at the company’s Spain production complex leave few options other than to shutter the operation. William Oplinger said in a call with analysts Wednesday the San... 

AustralianSuper to swoop on lithium stocks after price collapse

Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.... 

Top copper supplier Chile raises price forecast

Top copper supplier Chile raised its price projections for the metal based on the prospect of easing of credit conditions in the US and growing demand in the shift away from fossil fuels. State... 

De Beers cuts diamond prices to revive sales

De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to a halt last year. The industry almost came to a complete standstill in... 

Norway just raised the stakes over deep-sea mining

The Norwegian Parliament last week greenlit seabed mining exploration in the country’s territorial waters, a decision that contravenes the advice of government scientists and is set to intensify... 

China’s drive for record coal spurs yet another deadly accident

The human toll of ever-increasing coal production in China is once again to the fore after thirteen were killed in a mine accident just days after the government said it will start a three-year... 

Codelco caps worst year in quarter century with copper production drop

Codelco indicated copper output declined last quarter from a year earlier, as the world’s biggest producer of the red metal strives to recover from mining mishaps and project delays. Production... 

Communities agree to end roadblocks at Chile lithium operations

Indigenous communities in northern Chile agreed to lift roadblocks that have restricted access to the country’s giant lithium operations since January 9. Members of the the regional indigenous... 

Copper up from lowest in nearly a month on China stimulus hopes

Copper rose from its lowest close since mid-December, as inflation data from China bolstered calls for stronger stimulus measures from Beijing. China’s consumer prices posted their longest streak... 

Gold edges higher as US-led airstrikes on Yemen aid haven demand

Gold edged higher as US-led airstrikes on Houthi rebel targets in Yemen boosted haven demand. The military action against the Iran-backed group followed a string of attacks on vessels in the Red... 

Mining industry sees a way to navigate narco crisis in Ecuador

Ecuador’s budding mining industry sees a way through the violent mayhem sweeping the country, with operating mines and development projects expected to carry on as planned after stepping up... 

China’s Zijin plans stake in Canadian miner, testing security rules

Chinese mining firm Zijin Mining Group will acquire a 15% stake in Solaris Resources for about C$130-million, the Canadian miner said on Thursday. Zijin Mining Group plans to take a 15% stake in... 

Grupo Mexico weighs bid for First Quantum’s Spanish mine

Grupo Mexico is among several firms considering bids to buy a Spanish copper mine from First Quantum Minerals, as the Canadian metals producer seeks to bolster its balance sheet after its flagship... 

Forrest to advance 14 GW of new clean energy in Australia

Billionaire Andrew Forrest pledged to develop 14 GW of new clean power projects in Australia by 2030, offering a boost to the nation’s efforts to accelerate investments in renewable energy.... 

Uranium miners surge on $500m US enrichment push

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department... 

Union members stage demonstration at First Quantum's Panama mine

Hundreds of Panamanian construction workers staged a demonstration at a shuttered copper mine that has become the subject of nationalistic sentiment in the Central American nation. Members of the... 

Battery metal price plunge is closing mines and stalling deals

A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to... 

India’s plans to double coal production, ignore climate threat

As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity,... 

Gold One could dismiss more than 500 after mine sit-in

Gold One International could dismiss more than 500 workers at a South African mine after two incidents last year in which hundreds of employees stayed underground for days. The Sydney-based gold... 

Goldman veteran Jeff Currie remains bullish on commodities this year

Jeff Currie, who spearheaded commodities research at Goldman Sachs Group for almost three decades, remains bullish on the sector for this year. Demand for raw materials is at record levels,... 

Tianqi, LG, Eramet explore lithium options in Chile meetings

Some of the biggest players in the global battery supply chain held meetings with Chilean authorities late last year as the country with the biggest reserves of lithium gets ready to open up new... 

Peruvian miner Buenaventura sees Antofagasta as ally in copper growth plans

After a few weeks digesting Antofagasta’s surprise entry into its shareholder register, Buenaventura sees the new investor as an ally in its copper growth plans rather than a rival eying control of... 

Zimbabwe rescues 15 trapped miners alive – Mines Minister

An emergency operation managed to rescue all 15 small-scale Zimbabwean gold miners who had been trapped for four days after a shaft collapsed, according to Mines Minister Soda Zhemu. ”They are all... 

Gold CEO scandal is latest black eye for mining as setbacks mount

Endeavour Mining’s shock firing of its chief executive has capped a miserable three months for the global mining industry — and an equally painful period for its shareholders. The world’s biggest... 

Chinese miner takes Glencore's cobalt crown as output jumps 170%

China’s CMOC Group boosted its cobalt output by more than 170% last year, with surging production at a new mine in the Democratic Republic of Congo helping the company leapfrog Glencore as the... 

China restores coal tariffs in threat to Russian exporters

China has restored import levies on coal from the beginning of the year, a move that could threaten Russian exporters dependent on the world’s largest market for the fuel. The tariffs were removed... 

Gold Fields pushes back production at Key Chilean mine again

Gold Fields cut its production outlook for 2024 after announcing a new delay at a major project in Chile. The Johannesburg-listed company now expects to produce first gold at its Salares Norte... 

Coal financing is still booming – led by China

The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China. A new report from researchers at... 

Australia wants to compete with China on critical minerals, minister King says

Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the... 

Resource-rich Congo goes to polls, with Tshisekedi the front runner

Polls opened in resource-rich Democratic Republic of Congo as the nation’s citizens vote to choose their leaders for the fourth time since the end of decades of dictatorship and war. Incumbent... 

Shipping insurance for red sea transit soars after mounting attacks

The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway. Cover has now surged to about... 

Crumbling South African rail prompts Botswana to forge new route

Botswana has received unsolicited bids from investors to build a rail line to a Namibian port that will help avoid South Africa and its disintegrating logistics network. The 1 500 km... 

Australia adviser urges improved reporting of methane emissions

Australia needs to improve the accuracy of fossil fuel producers’ reporting on greenhouse-gas emissions, especially on methane releases from opencut coal mines, a review of the nation’s climate...