China gold reserves rise most since 2023 even as bullion tumbles

China's central bank reported its biggest monthly increase in gold reserves in more than two and a half years in June, official data showed on Tuesday, although bullion prices tumbled. China's... 

Italy's Eni buys minority stake in EnergyX's lithium project in Chile

Italian energy group Eni said on Monday it signed a deal to buy a 25% stake in Black Giant, a subsidiary of US startup EnergyX, which is developing a lithium project in Chile. Lithium is... 

Alberta, Ontario propose new 2 050-mile Canada oil pipeline

Alberta and Ontario on Monday proposed a new 2 050-mile (3 300 km) crude oil pipeline between the two Canadian provinces that they said would initially move 500 000 barrels per day (bpd) and reduce... 

Oil prices settle at pre-Iran war levels as crude output grows

Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports... 

Vale chairperson Stieler resigns

Brazilian miner Vale said on Monday chairman Daniel Andre Stieler resigned from the role and from his seat on the board of directors, effective immediately. The resignation came after pension fund... 

Corporate Japan's rare-earth warnings get louder as China keeps the spigot closed

A shortage of critical minerals is starting to affect the broader Japanese economy, adding a sense of urgency for Prime Minister Sanae Takaichi's government to find alternatives to exports that... 

Australia's Lynas, South Korea's JS Link sign deal for Malaysia magnet factory

Lynas Rare Earths said on Tuesday it has signed a partnership deal with South Korea's JS Link to develop a magnet factory in Malaysia. The Australian rare-earths producer will also supply... 

Global LNG trade hit record in 2025, but Middle East conflict clouds outlook, IGU says

Global liquefied natural gas (LNG) trade hit a record last year as strong US exports and rising European imports offset weaker Asian purchases, the International Gas Union (IGU) said in a report on... 

Congo sees no major threat from Middle East crisis to copper, cobalt output

Democratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior... 

Poland's KGHM is exploring acquisition possibilities outside Europe, CEO says

Poland's state-controlled copper and silver miner KGHM is exploring potential acquisition opportunities outside Europe under its new strategy, including projects in Morocco, Argentina, Canada and... 

Citi gains seat at heart of global bullion trading with clearing approval

Citi has become the fifth bank to clear transactions in London's over-the-counter gold market, the world's largest bullion trading centre, in a major expansion of its precious metals business, the... 

JPMorgan sees $4 500 gold price in fourth quarter, says risks to downside

JPMorgan said demand for gold from key sectors would not be as strong as it had expected, limiting the rise in gold prices this year to $4 300/oz in the third quarter and $4 500/oz in the fourth... 

Congo cobalt exporters fear losing quotas due to administrative glitch, sources say

Major cobalt producers in the Democratic Republic of Congo (DRC) risk losing some of their first-half export quotas due to an administrative glitch affecting a customs platform, according to... 

Fortescue served with class action alleging sexual harassment, discrimination

Iron-ore major Fortescue on Monday confirmed it had been served with a class action on behalf of current and former female employees alleging sexual harassment and sex discrimination. 

Chile's Novandino Litio seeks enviro approval for $3bn Atacama lithium project

Novandino Litio, the joint venture between Chilean lithium producer SQM and State-owned copper miner Codelco, filed for environmental approval on Friday for a $3-billion project aimed at extending... 

New Zealand backs two minerals projects with up to NZ$50 million

New Zealand will provide up to NZ$50-million ($31-million) to two West Coast projects that expand processing capacity for critical minerals used in advanced manufacturing and clean-energy... 

Australia's Genesis lobs $3.9bn bid for Vault as M&A frenzy builds

Genesis Minerals has lobbed a bid worth about A$5.6-billion ($3.9-billion) for Vault Minerals, topping an existing offer from Regis Resources, as surging gold prices fuel a consolidation wave in... 

Antofagasta to seek enviro approval for Encierro, Volcanes exploration in fourth quarter

Chilean copper miner Antofagasta plans to submit environmental applications to broaden its exploration activities for its Encierro and Volcanes projects in the fourth quarter of this year,... 

Oil prices little changed ahead of long US weekend as peace efforts hold

Oil prices were little changed on Friday before a long holiday weekend in the US, as traders held on to hopes that attempts to secure peace in the Middle East between the US and Iran would... 

Brazil aims to lift global share of critical minerals output to 12.2% by 2050

Brazil will unveil its National Mining Plan 2050 on Thursday, setting a target to increase its share of global critical minerals production to 12.2% by that year, from 8.3% currently, said the... 

Codelco debt and high costs hurt competitiveness, document says

Chile's State-run copper giant Codelco sees soaring costs, which are over one-and-a-half times above its global rivals, and heavy debt are the main challenges to the struggling company's... 

Australia flags risk to iron-ore price from China State buyer

An Australian government report on Friday said efforts by China's State-backed iron-ore buyer to cut costs for Chinese steel mills may push down prices in the medium term, in a rare acknowledgment... 

BHP to transfer Arizona property to Canada's Faraday Copper for 30% stake

Australian miner BHP Group has agreed to transfer its San Manuel property in Arizona to Faraday Copper Corporation in exchange for a 30% stake in the Canadian miner, as Faraday seeks to develop a... 

Canada, Alberta announce new west coast oil pipeline to boost exports

Canada announced plans to build a new oil pipeline from Alberta to the Pacific coast, which would give the world's fourth-largest oil producer greater capacity to export to Asia and ease its... 

BHP workers approve Pilbara labour deal, unions cite lingering concerns

Workers at BHP's South Flank and Mining Area C iron-ore operations in Western Australia have voted to approve a new labour agreement, unions said on Friday, while noting that many remained... 

US envoy says Cook Islands minerals are a top priority

The new US ambassador to New Zealand and several Pacific island nations said on Friday that securing Cook Islands seabed minerals was a top priority, and that China's push for influence in the... 

Agnico Eagle suspends Quebec pit mining, flags production hit

Miner Agnico Eagle Mines said on Thursday a rock mass movement occurred along the north wall of the Barnat open pit at its Canadian Malartic complex in Quebec, prompting a temporary suspension of... 

Antofagasta agrees spot-indexed copper ore sales with some Chinese smelters, SMM says

Chilean miner Antofagasta has agreed to sell term copper concentrate supplies to some Chinese smelters at spot-indexed prices with a guaranteed floor, industry information provider SMM reported on... 

Canadian gas curbs force Colombia's Cerro Matoso ferronickel mine to cut output

Colombia's Cerro Matoso ferronickel mine said on Wednesday it was cutting operations by 25% after Canada's Canacol Energy reduced natural gas supply to the plant, threatening jobs, supplier... 

US LNG exports to Europe decline as Asia prices surge, more goes to Africa

For the first time in nearly two years, less than half of US (liquefied natural gas) LNG exports last month went to Europe as stronger prices in Asia and record imports by Egypt diverted cargoes,... 

China restricts some Fortescue iron-ore cargoes as talks drag, sources say

China's State iron-ore buyer has asked some domestic steel mills not to take delivery of certain portside iron ore products from Fortescue, industry sources said, the latest Australian miner to... 

Gold miner Northern Star names new CEO, Elliott presses for review

Northern Star Resources said on Thursday that Suresh Vadnagra would be its next CEO as it reported preliminary gold sales that met guidance, and as activist investor Elliott reiterated the miner's... 

UAE's IHC, Adani plan $11bn aluminium project in India

Abu Dhabi's International Holding Company plans to invest $11.5-billion in an integrated aluminium project in India's eastern state of Odisha through a joint venture with Adani Group, a State... 

China will lead both renewable energy and coal consumption, Reuters says

China's latest five-year energy plan confirms two seemingly contradictory positions: it will continue to be the world's leader in both renewable energy and coal. The trick is to view China's plans... 

Commodities trader Mercuria to form JV with Italian major Eni

Swiss-based commodities trading house Mercuria and Italian oil and gas major Eni have agreed to set up a joint venture (JV), the companies said on Wednesday, reflecting a trend for trading... 

Norsk Hydro's Slovak aluminium smelter to partially restart production

Norsk Hydro said on Wednesday its Slovalco aluminium joint venture had struck an agreement with the Slovak government to partially restart production after a four-year shutdown, with the deal... 

US drives rise in global emissions as utilities turn back to coal, report shows

The US accounted for about a third of the rise in global carbon dioxide emissions in 2025, as higher gas prices pushed power producers back to coal, an Energy Institute report showed on Tuesday.... 

US oil production rises to record high in April, EIA says

US crude oil production rose to 13.93-million barrels per day (bpd) in April, the highest on record, monthly data from the Energy Information Administration (EIA) showed on Tuesday, as producers... 

Congo signs diamonds deal with Swiss firm ADEX

The Democratic Republic of Congo has signed an agreement with Switzerland-based diamond and gemstone technology firm ADEX Platform for the marketing of Congolese diamonds, under which they will... 

Coal India to invest $201m in R&D by fiscal 2030

Coal India plans to invest 19-billion rupees ($200.7-million) in research and development (R&D) by fiscal year 2030, the State-run miner said on Tuesday. The miner is researching clean coal,...