Japan offers energy loan, ammonia technology to South Africa

Japan plans to fast-track talks with South Africa on a yen-denominated energy loan, while promoting its technology to blend ammonia with coal to reduce carbon emissions in a country that still... 

Canada giving $1.1bn to firms hit by US metal tariff rules

Prime Minister Mark Carney’s government unveiled measures worth C$1.5-billion, or $1.1-billion, to help Canadian firms hurt by the Trump administration’s changes to US tariffs on imports containing... 

Germany sees US as vulnerable to squeeze on potash supplies

German authorities seeking to map out US supply-chain vulnerabilities as a way to win leverage with President Donald Trump’s administration have identified a key pressure point: potash. The US... 

Canadian miner invested in Cuba says it's asssessing Trump's fresh sanctions

A Canadian mining company that is among Cuba’s largest foreign investors is consulting with advisers and stakeholders after President Donald Trump expanded US sanctions against the struggling... 

Japan’s Sumitomo to divest stake in Madagascar nickel project

Sumitomo Corp plans to sell its majority stake in the Ambatovy nickel project in Madagascar following a review of market conditions. The Japanese trading house said it will divest its 54% interest... 

KoBold starts work on Zambian copper mine

KoBold Metals, the exploration company backed by billionaires including Bill Gates and Sam Altman, officially broke ground on what will be Zambia’s biggest copper mine as the global hunt for... 

China's scant winds allow fossil fuel power to make a comeback

Fossil fuels staged a comeback in China’s power sector last quarter, as weather variations and grid constraints slowed the growth of clean energy. Thermal power output rose 3.7% over the first... 

War squeezes global mining as diesel and acid supplies tighten

From the Australian outback to Ethiopia and the Democratic Republic of Congo, the global mining industry is beginning to feel the effects of disruption caused by the war in Iran. War-driven... 

World’s biggest lithium mine gets downgrade on ‘systemic issues'

Shares in Australian miner IGO tumbled as much as 14% after the company delivered a major downgrade to production guidance for Greenbushes, the world’s biggest hard-rock lithium mine. The company... 

Anglo advances coal business sale after setback with Peabody

Anglo American has at least three potential buyers for its Australian steelmaking coal business after a sale to Peabody Energy Corp was derailed last year following a fire at one of the mines.... 

China revives coal-to-gas projects as energy security frays

A high-profile Chinese coal-to-gas venture that lay dormant for over a decade is set to launch this year, as part of a wave of investments that will allow Beijing to mitigate threats to fuel supply... 

BHP begins review to rank unprofitable Australian coal mines

Australia-headquartered BHP Group and Mitsubishi Development have launched a review process to rank the financial health of their coal mines and assets in Queensland after raising concerns about... 

South Africa steel needs demand not belligerence, regulator says

The key to rescuing South Africa’s ailing steel industry, in which a unit of ArcelorMittal South Africa (AMSA) is feuding with smaller competitors, is by growing demand rather than fixating on... 

LME at record high on aluminum 'black hole' fear

Industrial metals have jumped to a record high on the London Metal Exchange (LME), driven gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper. The... 

Billionaire Gina Rinehart partly loses iron-ore legal battle

Hancock Prospecting, the private company of billionaire Gina Rinehart, has partly lost a decade-long legal battle with Wright Prospecting over royalties, but will retain ownership of a major... 

Asian LNG imports plummet to six-year low on Middle East crisis

Asian liquefied natural gas imports have dropped to the lowest in almost six years as the conflict in the Middle East chokes supplies and forces buyers to curb consumption. The 30-day moving... 

EU, US considering critical minerals deal to combat Chinese control

The European Union and US are nearing an agreement to coordinate on producing and securing critical minerals, as part of a push to break reliance on Chinese supplies. The potential deal would... 

Iron-ore slides after incoming BHP chief sighted in Beijing

Iron-ore slid to its lowest in a month after a report that BHP Group’s incoming CEO had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining... 

Barrick willing to shuffle assets as it eyes North American spinoff

Global miner Barrick Mining Corporation plans to reduce its exposure to higher-risk jurisdictions and signaled openness to top-tier acquisitions, as it prepares to spin off its prized North... 

Goldman warns on copper as Iran war threatens global economy

Copper is vulnerable to further declines if the Strait of Hormuz remains blocked, Goldman Sachs Group warned as metals markets brace for President Donald Trump's deadline for Iran to agree a deal... 

Iran amplifies LNG shortage by blocking passages through Hormuz

Iran has yet to allow a single carrier loaded with liquefied natural gas (LNG) to pass through the Strait of Hormuz in weeks of war, according to traders involved in the transit, a ban that risks... 

Australia passes law to trade, stock fuel alongside rare earths

(Bloomberg) -- Australia’s parliament passed legislation empowering the country’s export credit agency to physically buy, stockpile and sell fuels alongside critical minerals including rare earths,... 

South African stock index is heading for worst month since 2008

Johannesburg’s benchmark stock index is heading for its worst month in almost two decades, reeling from a double hit as the Iran war saps demand for emerging-market assets while plunging... 

Eldorado Gold plan to buy Foran opposed by Glass Lewis

A key proxy adviser firm recommended Eldorado Gold investors vote against its C$3.8-billion bid for Foran Mining, the latest roadblock after Eldorado’s third-largest shareholder called the takeover... 

Iran war’s gas supply shock pushes top consumers back to coal

A deepening conflict in the Persian Gulf has upended oil and gas markets. It may also have provided coal — the dirtiest fossil fuel — with its most significant boost in years. Climate negotiators... 

Codelco sees war disruptions adding 5% to cost of making copper

Top copper supplier Codelco expects disruptions from the Middle East war to lift its production costs by about 5%, offering one of the first quantified inflation estimates from a major mining... 

Fortescue chair urges China to end iron-ore buying strategy

Fortescue's executive chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient. Speaking Wednesday on... 

Eskom ordered by court to disclose coal, diesel contracts

Eskom Holdings said it has been ordered by the Supreme Court of Appeal to disclose details of its coal, transport and diesel procurement contracts to activist group Afriforum. South Africa’s state... 

Zijin’s Congo lithium mine set to be among world’s biggest

The lithium mine Zijin Mining Group plans to open this year in the Democratic Republic of Congo is set to be one of the world’s biggest suppliers of the battery metal. The Chinese company – which... 

BHP sees potash heading toward deficit as demand outpaces supply

BHP Group, the world’s largest mining company, expects the global potash market to tighten over the next decade as demand grows and geopolitical risks strain fertilizer supply chains. With demand... 

Zijin Gold acquires control of Chinese rival for $2.6bn

The gold unit of Zijin Mining Group Co. will acquire a controlling stake in Chifeng Jilong Gold Mining Co. for 18.26-billion yuan ($2.64-billion), cementing the group’s status as China’s top miner... 

De Beers makes sweeping cuts to its elite diamond-buying club

De Beers has made one of the deepest ever cuts to its group of handpicked diamond buyers as the former monopoly grapples with a prolonged crisis roiling the industry, people with knowledge of the... 

Peru proposal to limit idle concessions sparks mining pushback

Peru’s mining industry is warning that a bill moving through Congress to halve the time to hold unused concessions would end up discouraging investment and favoring informal operators. “It’s a... 

Zijin’s investment unit aims to expand strategic metal portfolio

Zijin Mining Group, China’s biggest gold and copper producer, wants to invest in metals like tungsten and uranium, as the global bid to secure critical minerals drives prices higher. “We are... 

BHP’s next leader faces same problems in deal-obsessed industry

BHP Group has picked the continuity candidate for its next boss: A life-long company man who has spent quarter of a century at the biggest miner, honing his skills in iron-ore and copper, its most... 

Cobalt shortages driven by Congo curbs seen lasting through 2030

A global cobalt shortage is expected to persist through the end of this decade as export restrictions from top producer Democratic Republic of Congo impact the supply chain, according to trading... 

Munitions metal tungsten outshines gold, copper in 557% rally

A metal used in weapons and semiconductors is finding itself the subject of geopolitical tensions as Chinese export limits and rising military demand squeeze supplies, sending prices to record... 

JSW Steel wins rights to develop coking coal mine in Mozambique

JSW Steel, India’s biggest steelmaker by capacity, won rights to develop a coal mine in Mozambique’s Tete province, securing access to a key raw material used in steel manufacturing. The company’s... 

Mali to introduce special mining brigade to curb illegal output

Mali is establishing a mining task force with judicial powers to oversee gold mining and quarrying sites in the West African nation. The Brigade spéciale des mines will step up inspections and... 

China’s State iron-ore buyer summons traders on BHP restrictions

China’s state-backed iron-ore buyer has summoned traders and urged them to refrain from buying new BHP Group cargoes to sell to buyers in the country after they were found to be flouting a...