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Tycoon Birla’s Hindalco bids for Indian critical minerals leases

14th February 2024

Hindalco Industries is bidding for critical minerals exploration sites being auctioned by India, as the metals producer owned by billionaire Kumar Mangalam Birla seeks to build its portfolio of... 


Australia fossil fuels should face new climate levy, experts say

Australia fossil fuels should face new climate levy, experts say

14th February 2024

Producers and consumers of fossil fuels in Australia, one of the world’s coal and gas powerhouses, should pay a new climate levy under efforts to accelerate a transition to a greener economy,... 


Zimbabwe central bank accumulates almost a ton of gold reserves

13th February 2024

Zimbabwe’s central bank accumulated 793 kilograms (25,000 ounces) of gold reserves since introducing a law that compels mining companies to pay part of their royalties using the metal. The reserves... 


Macquarie commodities head resigns

13th February 2024

Macquarie Group’s profit fell due to reduced activity in its commodities and global markets business, while the veteran head of the division will step down later this month. Earnings for the nine... 


Sigma Lithium plans to invest $100m on new Brazil plant

Sigma Lithium plans to invest $100m on new Brazil plant

13th February 2024

Sigma Lithium, a leader in Brazil's budding lithium sector, said on Monday it planned to invest 492.4-million reais on a previously announced plant in the country, to be backed by financing from... 


Uranium developers say supply jolt is boosting new projects

Uranium developers say supply jolt is boosting new projects

13th February 2024

Uranium project developers see a stronger outlook for prices and supply pacts after the world’s top producer of the nuclear fuel jolted the market with output cuts. Recent talks with prospective... 


Strike Energy plunges as much as 31% due to problems at gas well

13th February 2024

Australian oil and gas producer Strike Energy lost almost a third of its value at one point on Tuesday as the company’s shares plunged due to problems at a key gas well. The South Erregulla-3 well... 


Industry Minister Francois-Philippe Champagne

Honda talks test Canada’s desire to move away from blockbuster EV subsidies

12th February 2024

Canada’s strategy to lure electric vehicle manufacturing is shifting toward financial incentives based on tax credits, and away from the huge production subsidies that were promised to companies... 


AI-powered Zambian copper mine may become world’s third largest

12th February 2024

Zambia may be home to the world’s third-largest copper mine after a startup backed by billionaire Bill Gates discovered huge deposits of the metal, the country’s President said. San Francisco Bay... 


EU, US to align global minerals push against China’s supply grip

EU, US to align global minerals push against China’s supply grip

12th February 2024

The US and the European Union are in talks to merge a core area of their efforts to engage suppliers of critical minerals in resource-rich nations, seeking to streamline their push against China’s... 


Rio Tinto wrangles investors over water contamination claims

Rio Tinto wrangles investors over water contamination claims

12th February 2024

Global mining giant Rio Tinto, which sparked outrage after destroying an ancient Indigenous site in Australia in 2020, faces new pressure from socially conscious investors and lenders, this time on... 


BHP iron-ore train drivers vote for 24h strike from Friday

BHP iron-ore train drivers vote for 24h strike from Friday

12th February 2024

Train drivers at BHP Group's Pilbara iron-ore operations in Western Australia have voted to strike on Friday for 24 hours, potentially cutting supply to the producer’s Australian export hubs.... 


Exxaro sharpens M&A focus after copper mine loss to China

9th February 2024

Exxaro Resources CEO Nombasa Tsengwa is sharpening the South African coal producer’s diversification strategy, after failing to acquire new mining and energy assets. The Johannesburg-based company... 


Billionaire Adani secures ore for $1.2bn copper smelter

9th February 2024

Indian billionaire Gautam Adani’s conglomerate has signed contracts to buy 1.6-million tons a year of copper concentrate for the world’s largest single-location smelter for the industrial metal.... 


Zimbabwe takes full control of controversial State miner

9th February 2024

Zimbabwe’s state sovereign wealth fund has now acquired all of state mining company Kuvimba Mining House Ltd., in a bid to end speculation about its ownership. Kuvimba holds some of Zimbabwe’s best... 


China is oversupplied with commodities as deflation persists

8th February 2024

China’s commodities markets are heading into the Lunar New Year break on a glum note, with deflation embedded on both the consumer and producer sides of the economy. Weak aggregate demand is the... 


De Beers CEO Al Cook

De Beers warns diamond recovery will be slow after terrible year

8th February 2024

De Beers expects any recovery in the beleaguered diamond market to be slow and gradual as the industry continues to suffer from weak economic growth in key markets such as China and the US. The... 


Iron-ore hits lowest since November as demand concerns escalate

6th February 2024

Iron-ore hit a three-month low as the upcoming Lunar New Year and ongoing property market crisis cast a shadow over Chinese demand. Benchmark futures in Singapore dropped for the fifth time in six... 


Duncan Wanblad

Anglo CEO says he can run sprawling miner better than any activist

6th February 2024

Anglo American’s boss said he’s the best person to reshape the century-old miner — if needed — as slumping commodity prices pressure its sprawling operations and spark murmurs about activist... 


Zambia to start trading its own copper, competing with Glencore

Zambia to start trading its own copper, competing with Glencore

6th February 2024

Zambia plans to directly buy and sell a portion of the copper produced in the southern African nation, competing with trading giants including Mercuria Energy Group and Glencore. “We obviously... 


Vale's board advised to consider outside candidates in search for next CEO

5th February 2024

Vale should consider external candidates for the top job when CEO Eduardo Bartolomeo’s term ends in May, an external consultancy told the board of the global mining giant. The recommendation was... 


First Quantum bonds rally as miner works to free up cash

First Quantum bonds rally as miner works to free up cash

5th February 2024

First Quantum Minerals' dollar bonds have staged a rebound, recovering most of the losses they incurred amid a fallout with Panama over the company’s copper mine. The most liquid notes due in 2031... 


Lynas says it held talks with MP Materials on potential deal

Lynas says it held talks with MP Materials on potential deal

5th February 2024

Lynas Rare Earths, one of the world’s largest producers of the raw materials, said it had been in confidential discussions with US-based MP Materials on a possible transaction but the talks are... 


The Simandou mine area

Guinea lawmakers approve JV for Simandou iron-ore development

5th February 2024

Guinea’s National Transition Council approved a joint venture between Rio Tinto, China-backed Winning Consortium Simandou and the government that seeks to develop the world’s biggest untapped iron... 


From green hype to bailouts, the nickel industry has imploded

From green hype to bailouts, the nickel industry has imploded

5th February 2024

Just 18 months ago, the world’s biggest mining company was in a nickel frenzy. BHP Group, to much fanfare, had struck a deal with Tesla to supply it with the crucial ingredient for electric... 


A stockpile of lithium

Germany to channel €1bn to critical raw material needs

2nd February 2024

The German government earmarked about €1-billion ($1.1-billion) for raw materials investments as it seeks to reduce dependency on producers such as China for critical minerals in high-tech and... 


The Cahora Bassa hydropower plant

Mozambique seeks to end 50-year hydropower pact with South Africa

2nd February 2024

Mozambique plans to end half a century of hydropower supply to South Africa’s State-owned electricity utility, raising risks for the continent’s most industrialized economy and threatening the... 


GM, Stellantis-backed lithium startup seeks $1bn for brine project

2nd February 2024

A private US lithium startup backed by Stellantis and General Motors Co. is working with financial advisers to seek more than $1-billion for its project in California. The funds are for a project... 


Gautam Adani

Call for lower prices of green hydrogen

2nd February 2024

Billionaire ports-to-coal tycoon Gautam Adani has called for a renewed global focus on lowering green hydrogen prices to spur the clean fuel’s adoption in emissions intensive industries. Lowering... 


Hedge funds react to supply shocks with bold bets on copper

Hedge funds react to supply shocks with bold bets on copper

1st February 2024

A number of hedge fund managers are betting that copper stocks are significantly undervalued, as they position themselves for gains this year. Funds including Tribeca Investment Partners, Terra... 


Sigma announces jump in size of Brazilian deposits

1st February 2024

Sigma Lithium announced an increase in the estimated size of its deposits of the electric vehicle battery metal in Brazil, which the company said will allow it to further expand production levels... 


Endeavour wins ruling to end strike at Burkina Faso gold mine

1st February 2024

Endeavour Mining secured a decision from a court in Burkina Faso ordering that a strike at the company’s second biggest mine should end immediately. The court issued an interim ruling on Tuesday... 


Canada Energy Minister sees opportunity in US pause on LNG

31st January 2024

US President Joe Biden’s decision to pause approvals of new licenses to export liquefied natural gas will create opportunity for Canada’s sector, Energy Minister Jonathan Wilkinson said Tuesday.... 


Rob McEwen

Rob McEwen seeks $100m for Argentina copper mine as Milei boosts prospects

31st January 2024

Canadian entrepreneur Rob McEwen is in talks to raise about $100-million for a copper project in Argentina, at a time when miners are betting that deregulation by the new government of Javier Milei... 


Lithium miners warn on plunging profits after price freefall

31st January 2024

Two of China’s biggest lithium companies became the latest miners to issue stark warnings over the health of the battery metal industry, telling investors to prepare for tumbling profits and asset... 


Trafigura-backed nickel mine seeks new partner to secure bailout

Trafigura-backed nickel mine seeks new partner to secure bailout

31st January 2024

A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for... 


A Trump win won’t sink IRA's climate benefits, California regulator predicts

31st January 2024

California’s top environmental regulator said it’s unlikely that the Inflation Reduction Act’s climate-focused tax credits will be undone, even if Donald Trump recaptures the White House in... 


Trader IXM will shrink aluminium unit to focus on core business

30th January 2024

IXM, the trading house owned by Chinese miner CMOC Group, is stepping back from the aluminum market to focus on its core business. The trading house, the third-largest metals trader behind... 


Endeavour goes to court to end strike at Burkina Faso gold mine

30th January 2024

An Endeavour Mining unit filed a lawsuit in a bid to end a strike in Burkina Faso that’s disrupted operations at the company’s second-biggest gold mine. The subsidiary that runs the Hounde project... 


Third mine disaster in a decade tests ESG boundaries in Brazil

30th January 2024

Investors were swift to dump debt of Braskem after the Brazilian petrochemicals maker’s salt mine partially collapsed in December — a situation that has forced tens of thousands to evacuate the... 


Albemarle lays off 4% of its global workforce

Albemarle lays off 4% of its global workforce

30th January 2024

Albemarle, the world's largest lithium producer, has laid off more than 300 employees, or 4% of its workforce, as part of a previously announced round of cost-cuts, The Information news site... 


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