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By Reuters

Fortescue beats on first-half profit, posts strong dividend

Fortescue beats on first-half profit, posts strong dividend

22nd February 2024

Australia's Fortescue on Thursday posted a 41% jump in its half-year profit and declared a better-than-expected dividend, supported by strong iron-ore shipments and higher prices for its lower... 


Ivan Vella started as IGO CEO in December

Lithium producer IGO beats on profit, shares up

22nd February 2024

Australia's IGO reported interim underlying profit ahead of analysts' expectation on Thursday, even as the battery metal producer reeled from falling prices of key commodities, and said it did not... 


First Quantum says it is seeking $20bn over Panama mine closure order

First Quantum says it is seeking $20bn over Panama mine closure order

21st February 2024

Copper miner First Quantum Minerals said on Wednesday it was seeking $20-billion through international arbitration after Panama ordered the closure of the company's mine in the central American... 


China's top coal producing region tells miners to curb overproduction

21st February 2024

China's top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal... 


Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says

21st February 2024

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 


First Quantum Minerals re-shuffles management at Zambian operation

21st February 2024

Canadian miner First Quantum Minerals is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo... 


A copper mine in the DRC operated by Gecamines

Gecamines plans overhaul of mining JVs in world's top cobalt supplier

20th February 2024

The Democratic Republic of Congo's (DRC's) State miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to... 


JSW Steel in talks with Australia's Whitehaven for coal mine stake

JSW Steel in talks with Australia's Whitehaven for coal mine stake

20th February 2024

India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's... 


Antofagasta CEO Ivan Arriagada

Antofagasta says profit up 5% in 2023, cuts dividend

20th February 2024

Chile's Antofagasta on Tuesday reported a 5% rise in 2023 profit as copper production and prices increased, offsetting higher costs. Although the mining group reported earnings before interest,... 


India gets 40 bids for commercial coal mines

India gets 40 bids for commercial coal mines

20th February 2024

ndia has received a total of 40 bids for some of the 32 commercial coal mines that were made available for auctioning in December, the government said in a statement on Monday, adding the bids... 


Goldman, hedge funds step up activity in physical uranium as prices spike

Goldman, hedge funds step up activity in physical uranium as prices spike

20th February 2024

Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient... 


Niger names new ministers of mining and energy in reshuffle

19th February 2024

Niger's military government has named new ministers of mining and energy in a government reshuffle, splitting up the previous ministry of mines, petrol and energy into three posts, it said on... 


Vale board split on future of current CEO, say sources

19th February 2024

A board vote to decide on the future of Brazilian miner Vale's CEO ended in a tie, two people familiar with the matter told Reuters, weeks after the government pressured the mining giant to... 


Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rally on speculation of China mine closure

19th February 2024

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.... 


SSR Mining says environmental permit for Turkey mine has been revoked

SSR Mining says environmental permit for Turkey mine has been revoked

19th February 2024

Canada-listed gold miner SSR Mining said late on Sunday that its environmental permit for a gold mine in eastern Turkey has been revoked. The operations at the company's Copler mine will remain... 


Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact

19th February 2024

Aluminium giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments as defendants in the case against Vladimir... 


SSR Mining says eight employees detained after Turkey mine landslide

SSR Mining says eight employees detained after Turkey mine landslide

19th February 2024

Gold miner SSR Mining said on Friday that eight of its employees have been detained amid an investigation into a landslide at its mine in Turkey and that operations there remain suspended. SSR... 


Fortescue Metals chairperson Andrew Forrest

Carbon capture tech a 'complete falsehood', says Fortescue Metals' Forrest

16th February 2024

Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of... 


Exxon aims to make key lithium technology decision by year end

16th February 2024

Exxon Mobil plans to decide by the end of the year which lithium filtration technology it will use in Arkansas as part of its push to become one of the world's top producers of the battery metal,... 


Indonesia, Vale agree price for divestment plan, Minister says

16th February 2024

Indonesia and Vale Base Metals have concluded negotiations and agreed in principle to a price for the portion of shares the miner will sell in its Indonesian unit INCO, the Mining Minister said on... 


Three dead as bus carrying B2Gold employees attacked in Mali

16th February 2024

B2Gold Corp on Thursday said three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola Mine to... 


The collapse of the tailings dam in Mariana in 2015 caused a mudslide that killed 19 people and severely polluted the Rio Doce river.

Vale to follow BHP on new provisions over dam failure, analysts say

15th February 2024

Brazilian miner Vale is expected to hike its provisions after BHP Group flagged a $3.2-billion impairment related to the failure of a dam operated by their joint venture Samarco, analysts said.... 


France offers loan to New Caledonia nickel firm Prony to avert collapse

France offers loan to New Caledonia nickel firm Prony to avert collapse

15th February 2024

France has agreed to provide a €140-million loan to Prony Resources to avert the collapse of the New Caledonian nickel producer as Paris pursues negotiations to salvage the Pacific territory's... 


Mexican mining sector balks at plan to ban open-pit mines

Mexican mining sector balks at plan to ban open-pit mines

15th February 2024

Mexican President Andres Manuel Lopez Obrador's proposal to ban openpit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.... 


Indian miner Vedanta's parent sells $209m stake

15th February 2024

Vedanta Resources, the parent of Vedanta, has sold a stake worth more than 17.37-billion rupees ($209-million) in the Indian miner, exchange data showed on Thursday. Finsider International, part... 


TotalEnergies CEO Patrick Pouyanne

TotalEnergies CEO says IMF debt rules hobbling African green energy projects

15th February 2024

Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies... 


Woodside flags $1.2bn charge against asset bought under BHP merger

Woodside flags $1.2bn charge against asset bought under BHP merger

15th February 2024

Woodside Energy, Australia's largest energy firm, flagged a non-cash post tax-asset impairment of around $1.2-billion from its Shenzi oil and gas field in its 2023 fiscal earnings, sending its... 


Lithium players to gather in Arkansas as low prices pressure industry

15th February 2024

Exxon Mobil, Albemarle and others eyeing ways to tap Arkansas's vast lithium reserves will gather in Little Rock this week as the industry grapples with sagging prices for the battery metal that... 


Despite weak lithium prices, Albemarle beats on cost cuts

Despite weak lithium prices, Albemarle beats on cost cuts

15th February 2024

Albemarle, the world's largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to... 


Whitehaven Coal tumbles as profit drops, dividend misses consensus

Whitehaven Coal tumbles as profit drops, dividend misses consensus

15th February 2024

Australia's Whitehaven Coal reported an 86% drop in first-half profit on Thursday and announced an interim dividend that missed market consensus, sending its shares more than 7% lower. Shares of... 


Barrick CEO Mark Bristow

Barrick CEO not interested in piecemeal talks over First Quantum assets

14th February 2024

Barrick Gold CEO Mark Bristow said on Wednesday he was not interested in piecemeal discussion when asked whether the company would consider bidding for any of First Quantum Minerals' assets. "I'm... 


The Copler mine

Rescue workers search for missing gold miners after Turkey landslide

14th February 2024

Rescue workers battled to find nine workers trapped under earth after a landslide at a gold mine in eastern Turkey on Wednesday, the interior minister said, while state media said four people were... 


Coal India to add new mines, expand existing ones to meet higher demand, chairman says

14th February 2024

State-run Coal India plans to start operations at five new mines and expand capacity of at least 16 existing ones to address growing demand for the fuel, its chairman told Reuters on Wednesday.... 


IEA executive director Fatih Birol

IEA to launch security programme for minerals critical to energy sector

14th February 2024

The International Energy Agency (IEA) is launching a programme to secure the supply of minerals critical to energy security, as demand rises fast while manufacturing remains in the hands of a few... 


Energy Minister Jonathan Wilkinson

Canada to accelerate critical mineral mining - Energy Minister

14th February 2024

Canada plans to boost its energy security by slashing the time it takes to develop new critical mineral mines by nearly a decade with improved permitting processes, Energy Minister Jonathan... 


SSR Mining halts gold production in Turkey after landslide, shares tank

SSR Mining halts gold production in Turkey after landslide, shares tank

14th February 2024

Gold miner SSR Mining on Tuesday suspended production at a mine in eastern Turkey after a landslide, which left at least nine miners missing and sparked a more than 50% plunge in its Toronto-listed... 


Congo's Gecamines offers to buy some of Khazakh miner ERG's copper assets

13th February 2024

Congo State miner Gecamines said it has made a firm proposal to buy some of Eurasian Resources Group's copper and cobalt assets in the country in a bid to claw back projects owned by partners and... 


ThyssenKrupp Nucera CEO Werner Ponikwar

Hydrogen demand powers record sales for Thyssenkrupp Nucera

13th February 2024

Thyssenkrupp Nucera on Tuesday posted record quarterly sales, citing rising demand for its electrolyser technology as the hydrogen firm remained upbeat about the sector's prospects despite... 


Chile copper miner Codelco logs December production setback

Chile copper miner Codelco logs December production setback

13th February 2024

Chile's top copper miners closed out 2023 unevenly, with state-run copper miner Codelco logging a setback in December, according to figures released on Monday by the Chilean Copper Commission... 


Empty Rio Tinto iron ore train derails in Western Australia

13th February 2024

A self-driving train derailed at Rio Tinto's iron-ore operations in Western Australia, the world's biggest iron-ore miner said on Tuesday. A Rio Tinto spokesperson said the derailment involving an... 


Alberta’s Premier Smith sees US LNG export pause as opportunity

9th February 2024

President Joe Biden’s decision to pause approval of new liquefied natural gas export licences is an opportunity for Canada as the country prepares to start exporting the fuel, Alberta’s Premier... 


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