Iron-ore edges higher on firmer steel output, but Trump tariff pledge weighs on market

Iron-ore futures ticked up on Tuesday for a second straight session, buoyed by stronger global steel production, although US President-elect Donald Trump's pledge to implement new tariffs when he... 

Vedanta to proceed with dollar bond sale in first post-Adani India credit test

Vedanta Resources, which postponed a planned sale of dollar bonds last week after the Adani group's top officials were indicted by US prosecutors, will now launch the issue on Monday, according to... 

Zambia miners rescued after nationwide power outage

Miners at two copper mines in Zambia were rescued after being trapped underground following a nationwide power outage, the energy ministry said on Monday. Zambia suffered a nationwide blackout... 

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling, sources say

Donald Trump's transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG)... 

MinRes founder Ellison steps down as Delta Lithium chair

Chris Ellison, the billionaire founder of Mineral Resources who was found to have used company resources for personal benefits and evaded taxes, has resigned as the chairman of the Delta Lithium,... 

Rio Tinto-backed lithium tech startup set to raise second round of funds

A lithium technology startup backed by Rio Tinto expects to finalise a funding round in the next week to raise A$29-million even as the global lithium market struggles, its Melbourne-based CEO told... 

Zambia suffers nationwide power outage, State utility Zesco says

Zambia suffered a nationwide power outage on Sunday following a "power system disturbance", the southern Africa nation's state utility Zesco said. The utility said the incident occurred our 18:15... 

BHP bets billions on Chile mines to face global copper crunch

BHP Group expects a global copper deficit of 10-million metric tons a decade from now, a shortfall that is driving its plans to spend at least $11-billion at the world's biggest copper mine,... 

Congo's Gecamines offers $1m to block Chinese deal with cobalt miner Chemaf

 The Democratic Republic of Congo's state miner Gecamines is offering $1-million to buy cobalt and copper assets of indebted mining firm Chemaf to prevent China from increasing its control of... 

Indonesia plans to slash coal to a third of energy mix by 2040, Minister says

Top thermal coal exporter Indonesia, one of the world's largest carbon emitters, is aiming to reduce coal-fired power to 33% in its energy mix by 2040 and increase the share of renewable energy... 

Mexico's proposed higher mining royalties could block $7bn in investments, chamber says

A proposed increase in mining royalties in Mexico could block more than $6.9-billion in investments over the next two years, the industry's local chamber said on Thursday. As part of its budget... 

Russia's diamond miner Alrosa to cut production and staff in 2025

Russia's Alrosa, the world's largest producer of rough diamonds by volume, may suspend some production in 2025 and cut staff as it grapples with low global prices, the sanctions-hit company's CEO,... 

Russia to continue buying diamonds through state fund in 2025

Russia will continue to buy diamonds through a state fund in 2025 in order to support the diamond industry and market, Deputy Finance Minister Alexei Moiseev said on Thursday. The Russian budget... 

MinRes to de-link with founder Chris Ellison after tax evasion scandal

Australia's Mineral Resources (MinRes) said on Thursday it plans to unwind or exit deals with entities linked to its billionaire founder Chris Ellison after an internal probe found he misused... 

Russian coal shipments to China fall 10% in September

China's coal imports from Russia fell 10% in September from the same month a year earlier, customs data showed on Sunday, as sanctions on Moscow continued to weigh. Russia's coal shipments to... 

Chile lithium miner SQM reports net profit down 73% in Q3

Chile's SQM, the world's second-largest lithium producer, reported a 73% drop in third-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in average sales... 

Chile's rare salt flat fish faces threat from lithium mining project

At more than 3 700 m above sea level, the "karachi" swims happily in dense salt flat waters, but locals worry a future lithium project will endanger this extreme-environment fish. The Orestias... 

Canadian regulator orders halt to Sunshine Oilsands operations

A Canadian regulator has ordered Sunshine Oilsands to suspend its operations, including wells, facilities and pipelines,in northern Alberta's oil sands regiondue to continuous non-compliance with... 

Peru copper output edges down 1% in September

Peru's copper production fell 1.2% in September compared to the same month last year to settle at 232 423 metric tons, data from the ministry of energy and mines showed on Tuesday. Peru is one of... 

Australia's Global Lithium delays AGM on foreign interference concerns

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.... 

Resolute Mining agrees to pay $160m to Mali as CEO, employees remain detained

Australia's Resolute Mining said on Monday that it would pay $160-million to Mali's government to help resolve a tax dispute after the West African country detained its CEO Terence Holohan and two... 

Families gather at South African mine shaft where hundreds are feared underground

 Desperate family members of illegal miners believed to number in the hundreds waited outside a disused mine shaft in South Africa on Friday in the hope of their loved ones emerging from the hole... 

France's Orano warns of financial problems at Niger uranium plant Somair

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures... 

Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand

Copper prices could fall towards $8 500 a metric ton within the next four months on expectations that demand will be hurt by potential trade disruptions when Donald Trump returns to the White House... 

Trump's transition team aims to kill Biden EV tax credit

President-elect Donald Trump's transition team is planning to kill the $7 500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct... 

Australia eyes US climate policy shift for green energy boost

Any move by the Trump administration to change US climate policy could benefit Australia's ambitions to attract greater investment to its critical minerals and green energy industry, Prime Minister... 

Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the... 

Police in standoff with hundreds of illegal miners in disused shaft

South African police were in a standoff on Thursday with hundreds of illegal miners believed to be underground in a disused shaft, a day after a cabinet minister said the government was trying to... 

Australia may lose A$69bn amid green steel rush, report says

Top global iron-ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using... 

De Beers CEO sees talks on new Botswana diamond pact concluding soon

The CE of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations... 

Gold Fields may sell smaller mines to focus on new Canadian Osisko assets

Gold Fields may look for buyers for its smaller mines in Ghana and Peru to focus on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike... 

China's copper smelters to cut output next year on raw material shortage

Chinese copper smelters are likely to further cut production, shut down or extend maintenance to cope with a severe shortage of raw material or concentrate supply next year, participants at a... 

Miner K+S quarterly earnings hit by lower potash prices

German potash and salt miner K+S published its third quarter results on Thursday that beat revenue and core profit expectations but were weaker than a year ago following a fall in potash prices.... 

BHP set to detail copper growth plans on Chile roadshow, analysts say

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 

IMF urged to cash in on gold price to help poor countries hit by climate change

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 

Piedmont Lithium slashes more jobs under cost-cutting plan

US miner Piedmont Lithium has nearly halved its total workforce after completing an additional 32% reduction in October as part of an ongoing cost-cutting plan, it said on Tuesday. The company... 

Anglo American coal bidders down to three, say sources

The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody Energy Corp, three sources with knowledge of the matter told Reuters. The... 

Suncor Energy beats Q3 profit estimates on higher production, raises dividend

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 

Global CO2 emissions to hit record high in 2024, report says

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 

Higher silver supply to reduce global deficit by 4% in 2024

The global silver deficit is expected to fall by 4% to 182 million ounces in 2024, with growth of 2% in total supply offsetting demand growth of 1%, the Silver Institute industry association said...