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By Reuters

EU to launch first phase of world-first carbon dioxide border tax

13th September 2023

The European Union (EU) starts the initial phase of its plan for the world's first carbon border tax next month, requiring importers to report the carbon dioxide (CO2) emissions of products sold... 


Anglo American's Quellaveco mine is key to Peru increasing production.

Peru clings to copper No. 2 spot but investment pipeline stalls

13th September 2023

Peru is clinging to its spot as the world's No. 2 copper producer and supplier, with a bounce in mining activity helping the Andean country stay just ahead this year of rival producer Democratic... 


Harmony Gold CEO Peter Steenkamp

Harmony Gold weighs CEO succession amid tilt to copper

13th September 2023

Harmony Gold Mining boss Peter Steenkamp plans to retire at the end of next year as South Africa's biggest gold producer by volume seeks new growth opportunities mining copper. Steenkamp, who turns... 


Russia's largest untapped copper deposit starts concentrate production

Russia's largest untapped copper deposit starts concentrate production

13th September 2023

Copper concentrate production started at Russia's largest undeveloped copper deposit on Monday following a ceremony overseen by President Vladimir Putin via video link. The long-awaited Udokan... 


US President Joe Biden

US committee recommends royalties on minerals for EVs in sweeping reform proposal

13th September 2023

A federal committee on Tuesday recommended imposing royalties on US hardrock mining for the first time, a move it said could increase domestic production by providing funds for the agencies in... 


Albemarle seals early agreement with workers union in Chile

13th September 2023

Albemarle, one of the world's top lithium producers, said on Tuesday it reached an early collective bargaining agreement with a union that represents 386 of its workers in Chile. "This important... 


Almina-Minas halts zinc and lead concentrate operations at Aljustrel

12th September 2023

Almina-Minas do Alentejo will halt production of zinc and lead concentrates at it Aljustrel operation from September 24 until the second quarter of 2025 because zinc prices are too low, the... 


Synthetic graphite for EV batteries: Can the West crack China's code?

12th September 2023

New investments in the United States and Europe aim to challenge China’s stranglehold on a key ingredient used in most electric vehicle batteries – graphite – but industry experts said that will be... 


Australian mineral prospectors double fund inflows to A$2.84bn in quarter - report

12th September 2023

Australian prospectors looking primarily for gold, lithium and critical minerals secured $2.84-billion in funding in the June quarter amid renewed investor appetite for minerals, particularly those... 


Rough diamonds being sorted

HB Antwerp co-founders clash over gem trader's future as Botswana deal looms

12th September 2023

Diamond processor and trader HB Antwerp said on Monday it had removed one of its three co-founders from management following differences over strategy, a development that comes amid a pending sales... 


Alrosa says mines largest gem-quality diamond in Russia in decade

11th September 2023

Sanctions-hit Alrosa, the world's biggest diamond producing company, said on Sunday it has mined the largest gem-quality diamond in Russia in the past decade. The 390.7-carat diamond was mined at... 


Malaysia to ban exports of rare earths

11th September 2023

Malaysia will develop a policy to ban exports of "rare earth raw materials" to avoid exploitation and loss of resources, Prime Minister Anwar Ibrahim said on Monday. Malaysia is home to just a... 


US, Saudi Arabia in talks to secure metals in Africa - WSJ

11th September 2023

The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with... 


The Cobre Panama operation

First Quantum reaches deal with Panama copper mine union, avoids strike

11th September 2023

The Panamanian unit of Canada's First Quantum Minerals and a workers union at the company's key copper mine in Panama said on Saturday they had reached an agreement, avoiding a planned strike over... 


Russia's Nornickel: cash flow not yet stable enough to resume dividends

Russia's Nornickel: cash flow not yet stable enough to resume dividends

8th September 2023

Russian metals and mining giant Norilsk Nickel is not yet generating free cash flow on a stable enough basis to resume dividend payments, but does not rule out doing so in future, head of investor... 


China's CMOC to boost Congo copper output after ending row with Gecamines

8th September 2023

China's CMOC Group will raise its copper output in Democratic Republic of Congo to 600,000 metric tons next year, after it recently agreed to end a dispute with state-miner Gecamines, it said on... 


Portugal's Lusorecursos gets final environmental OK for lithium mine

8th September 2023

Portugal's environment agency APA has given its final approval for local company Lusorecursos to extract battery-grade lithium in what would be the country's first such mine, expected to start... 


The El Teniente mine represents 28% of Codelco's total yearly output.

Codelco seals early contract deal with El Teniente supervisors' union

8th September 2023

 Chile's Codelco, the world's largest copper producer, said on Thursday it had reached an early collective bargaining agreement with the supervisors' union at its flagship El Teniente mine,... 


The US Interior Department earlier that year cancelled leases for an underground mine near the Boundary Waters Canoe Area Wilderness.

Mining company loses bid to revive Minnesota copper, nickel project

8th September 2023

A US judge has rejected a bid by a subsidiary of Chilean mining company Antofagasta to restore canceled mineral leases for a proposed $1.7-billion Minnesota copper and nickel mine, which the Biden... 


Chinese rare earth prices hit 20-month high on Myanmar supply worry

7th September 2023

 Chinese rare earth prices jumped to their highest in 20 months, as mining suspension in major producer Myanmar sparked stockpiling ahead of the peak consumption season, analysts said on Thursday.... 


BlackRock voted against Glencore's climate progress report

7th September 2023

Major Glencore shareholder BlackRock was among investors to reject the mining giant's climate progress report at its annual meeting in May, citing inconsistencies, a voting disclosure page on the... 


Chile's miners ready to absorb higher domestic royalties, Fitch says

7th September 2023

Mining companies operating in Chile, the world's top copper producer, are well positioned to absorb higher domestic royalties required by a new law enacted by the country's leftist government,... 


Ecuador's suspension of environmental consultations hits $2bn of investment -business leaders

7th September 2023

Ecuador's suspension of a decree enabling environmental consultations prior to the licensing of industrial and mining projects has paralyzed investments worth $2-billion, business associations said... 


Vale Base Metals commits nearly $9bn in Indonesia investments

7th September 2023

Vale Base Metals has committed nearly $9-billion for investment in Indonesia, including for its development of high-pressure acid leaching (HPAL) plants for nickel, chief executive Deshnee Naidoo... 


Vale to start building Middle East 'mega hubs' in 2024

6th September 2023

Brazilian miner Vale said on Tuesday it expects to start building "mega hubs" in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one... 


South African miners join race to buy Botswana's Khoemacau copper mine - sources

South African miners join race to buy Botswana's Khoemacau copper mine - sources

6th September 2023

At least three South African miners are in the running to buy Botswana's Khoemacau copper mine that is home to one of Africa's largest copper deposits, several sources told Reuters, as growing... 


Copper giant Codelco raises $2bn in bond offering

Copper giant Codelco raises $2bn in bond offering

6th September 2023

 Chile's Codelco raised $2-billion in a bond offering in New York on Tuesday, as the world's top copper producer seeks to fund an investment drive to revive flagging output. The company offered... 


Konkola Copper Mines

Zambia agrees to hand disputed copper assets back to India's Vedanta

5th September 2023

Zambia has agreed to return control of Konkola Copper Mines (KCM) to Vedanta Resources, mines minister Paul Kabuswe said on Tuesday, ending a row over the ownership of the assets that erupted in... 


Copper down on weak China service data, uncertainty over property measures

5th September 2023

Prices for copper in London fell on Tuesday under pressure from weak service sector data from China suggesting uncertain post-pandemic recovery in top metals consumer. Benchmark copper CMCU3 on... 


Albemarle aims to close buyout of lithium developer Liontown by mid-2024

5th September 2023

Albemarle, the world's largest lithium producer, aims to close its buyout of junior Australian rival Liontown Resources by the middle of 2024, its CEO said on Tuesday. Albemarle earlier this week... 


The Mir mine flooded in 2017, killing eight people. The new mine will replace output from the Mir mine and will be called Mir-Gluboky.

Alrosa starts construction of big new diamond mine

5th September 2023

Russia's Alrosa, the world's biggest diamond producing company, has started construction of a giant new mine to replace one closed by flooding that killed eight people in 2017, regional authorities... 


Codelco expects to reach lithium agreement with SQM this year- chair

5th September 2023

Chilean State-owned mining company Codelco expects to reach an agreement with lithium miner SQM this year, Codelco chairman Maximo Pacheco said on Monday during a public event. Chile's government... 


Codelco to hand over 24 000 ha for glacier park

5th September 2023

 Chilean State-owned mining firm Codelco will give up some 24 000 ha of land it holds concessions to near the Andes mountain range for a new national glacier park, the chair of the board announced... 


Argentine potash mine finalises selection of $1bn investor

Argentine potash mine finalises selection of $1bn investor

5th September 2023

Authorities from Argentina's Mendoza province have finalized the selection process for a $1-billion investor to help develop a potash mine, the governor said on Monday, more than a decade after... 


Nigeria to set up solid minerals corporation to attract investment

4th September 2023

Nigeria plans to set up the Nigerian Solid Minerals Corporation, a State-backed company to help attract investments into the extraction of gold, coal, iron-ore, bitumen, lead, limestone and baryte,... 


Zambia's Mopani Copper Mine H1 losses worsen as output slumps

4th September 2023

Zambia's Mopani Copper Mines' output declined in the first-half of this year contributing to deeper losses at the operation bought from Glencore in 2021. Mopani's losses worsened to $196-million in... 


Trafigura-led Lobito rail upgrade has yet to find users

1st September 2023

African metal producers are reluctant to make long-term commitments to use a railway a Trafigura-led consortium plans to upgrade, four sources with knowledge of the matter said. Known as Lobito... 


Lithium miner Alita Resources' administrators confirm buyout talks, start liquidation

1st September 2023

Administrators of Alita Resources on Thursday started the liquidation process for the cash-strapped Australia-based lithium miner on confirming an implementation agreement with an unnamed third... 


Fortescue executive rout continues as Debelle quits green unit

1st September 2023

Guy Debelle, the former Reserve Bank of Australia deputy governor, resigned from the board of Fortescue Metals Group's green energy unit on Friday, media reports said, continuing the run of abrupt... 


Warrior Met Coal reports fatality at Alabama mine

1st September 2023

Warrior Met Coal said an employee had died in an accident at one of its mines in Alabama. The company said the incident occurred on Wednesday at its mine No. 4 in Brookwood, Alabama. 


Peru's Minsur to invest at least $2bn as it expands copper, tin operations

Peru's Minsur to invest at least $2bn as it expands copper, tin operations

1st September 2023

Peruvian miner Minsur has announced an investment of at least $2-billion in five years as it expands its copper and tin operations, an executive told Reuters on Thursday. Minsur is set to invest... 


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