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Rio Tinto CEO bullish on lithium but not eyeing big acquisitions
Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto CEO Jakob...
In blow to Native Americans, US court approves land swap for Rio's Arizona copper mine
A US appeals court on Friday narrowly ruled that the federal government may give away thousands of acres in Arizona to Rio Tinto for a copper mine, upholding a previous ruling and rejecting an...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of...
Top Codelco execs see debt growing as production recovers
Top executives of Chile's State-run Codelco, the largest copper producer in the world, expect the company's debt to continue increasing as it adjusts cost estimates to revamp key mines. In a...
Debswana's diamond sales down 25.1% in 2023 on weak demand
Debswana Diamond Company's sales of rough diamonds fell 25.1% in 2023, data released by Botswana's central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the...
Canada to expedite approval of new nuclear projects
Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural...
Polyus posts 2023 profit jump on higher output, gold prices
Russian gold producer Polyus's net profit rose 12% to $1.7-billion last year thanks to increased production and sales, it said on Thursday, but it expects lower gold output in 2024 and warned that...
Indonesia, South Africa aim to regain lost share in Indian coal market
Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second...
Chile to define lithium contracts by June, Mining Minister says
Chile’s government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model, Mining Minister Aurora Williams told reporters on...
BHP to restructure some global corporate roles as it looks to trim costs
The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to...
Tighter Indonesian nickel ore supply boosts prices, curbs smelter output
Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production,...
Russia diamond producer Alrosa's annual net profit drops 15.2%
Russia's sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18-billion roubles ($925-million), down 15.2% from the previous year. Turnover was up 9.2% at...
Russia's new silver mine to start selling concentrate in Q3
Russia's new silver mine Prognoz, one of two major projects coming online around the world this year, will start selling silver concentrate in the third quarter of 2024, its owner told Reuters on...
Australia considers tax credit for minerals processing, says industry group
The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining...
Brazil, France partner to tackle illegal mining in French Guiana
Brazil and France are set to sign an international cooperation agreement that would allow police from both countries to launch joint operations aimed at tackling illegal mining in French Guiana,...
Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny
A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted...
Indonesia working to approve more nickel, tin quotas
Indonesia's Ministry is trying to address delays in approving new mining volume quotas, an official at the Energy and Mineral Resources Ministry said on Monday. The ministry so far has issued...
Vale says court overturns suspensions of Sossego, Onca Puma mines
Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company's Sossego and Onca Puma mines. The miner was...
Panama to defend interests in First Quantum case, official says
Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama's deputy finance minister told Reuters on Monday. The miner had last week said it was seeking...
India considers export tax on low-grade iron ore, sources say
India is considering an export tax on low-grade iron-ore after small steel producers urged the government to curb its overseas sales, two sources directly involved in the matter said. China...
Yintai Gold to buy Canadian gold exploration firm Osino for C$368m
China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368-million. Osino will end its C$287-million deal with Canadian...
MIND ID to acquire 14% stake in Vale Indonesia from foreign investors
Indonesia's mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan's Sumitomo Metal Mining, to become the top shareholder at...
Vale sees no sign of environmental breach at suspended mines
Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on...
WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade
Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious...
Sasol reports 34% decline in half-year profit
Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals...
Lynas jumps as H1 profit tops estimates despite soft China demand
Australia's Lynas on Monday posted a better-than-expected half-year profit, sending its shares higher, even as the rare-earths miner navigated a tough market with weak underlying commodity prices...
Forrest urges LME to separate nickel contracts into 'dirty' and 'clean'
The London Metal Exchange should classify its nickel contracts into "clean" and "dirty" contracts to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday. The...
Alcoa aims to take out Australian partner Alumina in $2.2bn deal
US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer....
Zijin Mining gains approval for Tibet copper mine expansion
Chinese miner Zijin Mining has received local government approval for the second phase expansion of its Julong copper project in Tibet, the company said in a filing to the Shanghai Stock Exchange...
Zimbabwe wants lithium miners to plan new capacity despite price dive
Zimbabwe wants miners to come forward by the end of March with plans to produce battery-grade lithium, despite a sharp fall in global prices for the mineral, a senior government official said on...
France’s $1.6bn uranium deal with Mongolia faces delays
A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A...
Activist investor Elliott to target mining assets worth at least $1 billion
Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1-billion, as it seeks to take advantage of the depressed valuation of groups operating in the...
Vale fourth-quarter profit falls 35% on higher provisions over dam accident
Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and...
MP Materials swings to quarterly loss on falling rare earths prices
Rare earths miner MP Materials on Thursday reported a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs, although the loss was not as much as...
Teck expects to close coal unit sale to Glencore by Q3, CEO says
Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on...
Teck Resources Q4 profit beats targets on strong coal sales, copper output
Canadian miner Teck Resources beat fourth-quarter profit estimates on Thursday, helped by an increase in steelmaking coal sales and record copper production. The company also benefited from higher...
Eramet in talks with France to offload debt from SLN nickel unit
Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New...
First Quantum announces capital restructuring to reduce debt
First Quantum Minerals on Wednesday announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on...
Vale says its Sossego copper mine operating licence has been suspended
Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended....
Fortescue beats on first-half profit, posts strong dividend
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...
Lithium producer IGO beats on profit, shares up
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...
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