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Alcoa threatens to shutter Spain complex amid mounting losses

18th January 2024

Alcoa's CEO said mounting losses at the company’s Spain production complex leave few options other than to shutter the operation. William Oplinger said in a call with analysts Wednesday the San... 


The Mt Ida lithium mine

AustralianSuper to swoop on lithium stocks after price collapse

17th January 2024

Australia’s largest pension fund plans to double its exposure to local lithium stocks over the next five years, after a price rout made producers of the key battery material more affordable.... 


Top copper supplier Chile raises price forecast

Top copper supplier Chile raises price forecast

16th January 2024

Top copper supplier Chile raised its price projections for the metal based on the prospect of easing of credit conditions in the US and growing demand in the shift away from fossil fuels. State... 


Rough diamonds produced by De Beers

De Beers cuts diamond prices to revive sales

15th January 2024

De Beers made big cuts to its diamond prices as the world’s top producer tries to revive gem sales after the market ground to a halt last year. The industry almost came to a complete standstill in... 


Norway just raised the stakes over deep-sea mining

Norway just raised the stakes over deep-sea mining

15th January 2024

The Norwegian Parliament last week greenlit seabed mining exploration in the country’s territorial waters, a decision that contravenes the advice of government scientists and is set to intensify... 


China’s drive for record coal spurs yet another deadly accident

China’s drive for record coal spurs yet another deadly accident

15th January 2024

The human toll of ever-increasing coal production in China is once again to the fore after thirteen were killed in a mine accident just days after the government said it will start a three-year... 


Codelco caps worst year in quarter century with copper production drop

Codelco caps worst year in quarter century with copper production drop

15th January 2024

Codelco indicated copper output declined last quarter from a year earlier, as the world’s biggest producer of the red metal strives to recover from mining mishaps and project delays. Production... 


Communities agree to end roadblocks at Chile lithium operations

15th January 2024

Indigenous communities in northern Chile agreed to lift roadblocks that have restricted access to the country’s giant lithium operations since January 9. Members of the the regional indigenous... 


Copper up from lowest in nearly a month on China stimulus hopes

12th January 2024

Copper rose from its lowest close since mid-December, as inflation data from China bolstered calls for stronger stimulus measures from Beijing. China’s consumer prices posted their longest streak... 


Gold bars produced by Rand Refinary

Gold edges higher as US-led airstrikes on Yemen aid haven demand

12th January 2024

Gold edged higher as US-led airstrikes on Houthi rebel targets in Yemen boosted haven demand. The military action against the Iran-backed group followed a string of attacks on vessels in the Red... 


Mining industry sees a way to navigate narco crisis in Ecuador

12th January 2024

Ecuador’s budding mining industry sees a way through the violent mayhem sweeping the country, with operating mines and development projects expected to carry on as planned after stepping up... 


China’s Zijin plans stake in Canadian miner, testing security rules

China’s Zijin plans stake in Canadian miner, testing security rules

12th January 2024

Chinese mining firm Zijin Mining Group will acquire a 15% stake in Solaris Resources for about C$130-million, the Canadian miner said on Thursday. Zijin Mining Group plans to take a 15% stake in... 


Grupo Mexico weighs bid for First Quantum’s Spanish mine

Grupo Mexico weighs bid for First Quantum’s Spanish mine

11th January 2024

Grupo Mexico is among several firms considering bids to buy a Spanish copper mine from First Quantum Minerals, as the Canadian metals producer seeks to bolster its balance sheet after its flagship... 


Forrest to advance 14 GW of new clean energy in Australia

Forrest to advance 14 GW of new clean energy in Australia

11th January 2024

Billionaire Andrew Forrest pledged to develop 14 GW of new clean power projects in Australia by 2030, offering a boost to the nation’s efforts to accelerate investments in renewable energy.... 


Uranium miners surge on $500m US enrichment push

Uranium miners surge on $500m US enrichment push

10th January 2024

Shares in uranium miners jumped globally after the US said it’s soliciting bids to boost domestic production of nuclear fuel in an effort to bolster national energy security. The Energy Department... 


Union members stage demonstration at First Quantum's Panama mine

10th January 2024

Hundreds of Panamanian construction workers staged a demonstration at a shuttered copper mine that has become the subject of nationalistic sentiment in the Central American nation. Members of the... 


Battery metal price plunge is closing mines and stalling deals

Battery metal price plunge is closing mines and stalling deals

10th January 2024

A meltdown in some of the most-hyped energy-transition metals is wreaking havoc across the mining world, stalling projects, scuppering deals and triggering a scramble for cash that promises to... 


India’s plans to double coal production, ignore climate threat

India’s plans to double coal production, ignore climate threat

10th January 2024

As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity,... 


The Modder East operation

Gold One could dismiss more than 500 after mine sit-in

10th January 2024

Gold One International could dismiss more than 500 workers at a South African mine after two incidents last year in which hundreds of employees stayed underground for days. The Sydney-based gold... 


Jeffrey Currie

Goldman veteran Jeff Currie remains bullish on commodities this year

8th January 2024

Jeff Currie, who spearheaded commodities research at Goldman Sachs Group for almost three decades, remains bullish on the sector for this year. Demand for raw materials is at record levels,... 


Tianqi, LG, Eramet explore lithium options in Chile meetings

Tianqi, LG, Eramet explore lithium options in Chile meetings

8th January 2024

Some of the biggest players in the global battery supply chain held meetings with Chilean authorities late last year as the country with the biggest reserves of lithium gets ready to open up new... 


Peruvian miner Buenaventura sees Antofagasta as ally in copper growth plans

8th January 2024

After a few weeks digesting Antofagasta’s surprise entry into its shareholder register, Buenaventura sees the new investor as an ally in its copper growth plans rather than a rival eying control of... 


Employee wearing a hard hat in an underground gold mine

Zimbabwe rescues 15 trapped miners alive – Mines Minister

7th January 2024

An emergency operation managed to rescue all 15 small-scale Zimbabwean gold miners who had been trapped for four days after a shaft collapsed, according to Mines Minister Soda Zhemu. ”They are all... 


Endeavour Mining's Agbaou mine

Gold CEO scandal is latest black eye for mining as setbacks mount

7th January 2024

Endeavour Mining’s shock firing of its chief executive has capped a miserable three months for the global mining industry — and an equally painful period for its shareholders. The world’s biggest... 


Chinese miner takes Glencore's cobalt crown as output jumps 170%

4th January 2024

China’s CMOC Group boosted its cobalt output by more than 170% last year, with surging production at a new mine in the Democratic Republic of Congo helping the company leapfrog Glencore as the... 


China restores coal tariffs in threat to Russian exporters

3rd January 2024

China has restored import levies on coal from the beginning of the year, a move that could threaten Russian exporters dependent on the world’s largest market for the fuel. The tariffs were removed... 


Gold Fields pushes back production at Key Chilean mine again

28th December 2023

Gold Fields cut its production outlook for 2024 after announcing a new delay at a major project in Chile. The Johannesburg-listed company now expects to produce first gold at its Salares Norte... 


Trucks operating in a coal mine

Coal financing is still booming – led by China

20th December 2023

The amount of bank financing going to mining coal, the dirtiest fossil fuel of them all, remains at surprisingly high levels. Most of it is coming from China. A new report from researchers at... 


Mined lithium ore

Australia wants to compete with China on critical minerals, minister King says

20th December 2023

Australia wants to compete with China in producing and refining resources vital to the next phase of high-tech manufacturing around the world, according to Minister Madeleine King, backing the... 


Copper cathode produced in the DRC

Resource-rich Congo goes to polls, with Tshisekedi the front runner

20th December 2023

Polls opened in resource-rich Democratic Republic of Congo as the nation’s citizens vote to choose their leaders for the fourth time since the end of decades of dictatorship and war. Incumbent... 


A ship entering the Suez Canal

Shipping insurance for red sea transit soars after mounting attacks

20th December 2023

The cost of insuring vessels that will transit the Red Sea jumped again this week after mounting attacks in the region forced some ships to avoid the vital waterway. Cover has now surged to about... 


Coal shipments on Transnet freight-rail network have plunged to 30-year lows and iron-ore railings are at their lowest in a decade

Crumbling South African rail prompts Botswana to forge new route

19th December 2023

Botswana has received unsolicited bids from investors to build a rail line to a Namibian port that will help avoid South Africa and its disintegrating logistics network. The 1 500 km... 


A coal mine in Australia

Australia adviser urges improved reporting of methane emissions

19th December 2023

Australia needs to improve the accuracy of fossil fuel producers’ reporting on greenhouse-gas emissions, especially on methane releases from opencut coal mines, a review of the nation’s climate... 


Polished diamonds

Diamond sales slowly restart after efforts to halt price crash

19th December 2023

The world’s two biggest diamond miners are selling stones again after the industry all but halted supplies in a desperate attempt to stop a collapse in prices. This year’s rout that was driven by... 


Cleveland-Cliffs pivots to share buybacks after losing US Steel to Nippon

18th December 2023

Cleveland-Cliffs announced an “aggressive” share-buyback program just months after making an ultimately unsuccessful takeover bid for rival United States Steel Corp. Cliffs shares jumped as much as... 


Lithium ore stockpiles

Lithium ends dire year with cautious mood during contract season

18th December 2023

Lithium buyers are sounding cautious on the key battery metal’s prospects for next year, even after a huge plunge in prices. Producers have recently been in talks with clients — mostly in Asia — to... 


Burkina Faso names new mining Minister in government reshuffle

18th December 2023

Burkina Faso’s military leader Ibrahim Traore named Yacouba Zabre Gouba Mining and Energy Minister, replacing Jean-Pierre Boussim, according to a statement on state broadcaster RTB Sunday. The... 


Coal stockpiles

Coal’s peak is here, but demise of dirtiest fuel will be slow

18th December 2023

Global efforts to boost clean energy and rein in carbon emissions have had a clear impact on coal: consumption of the dirtiest fossil fuel is expected to peak this year. Total consumption of coal... 


Shale gas production

US frackers are back to haunt Opec’s price strategy

17th December 2023

Opec’s one-time nemesis — US shale — is rearing its head just months after the sector was all but written off as a threat to the cartel’s sway over worldwide oil markets. Drillers from the Permian... 


Ivanhoe Mines co-chairperson Robert Friedland

Friedland says $15 000/t copper needed to spur new mines

17th December 2023

Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining... 


A lithium ore stockpile

Bolivia takes a key step in long road to tapping vast lithium riches

17th December 2023

Bolivia is cutting the ribbon on its first industrial-scale lithium plant, the dawn of what it hopes will be an export boom of the battery metal that could bring it back from the brink of economic... 


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