China’s coal price slump likely to persist until start of summer

Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners. The country’s benchmark... 

Vale divestment in Indonesian nickel unit expected to finish in July

Indonesia's mining minister on Tuesday said divestment of Vale Canada and Sumitomo Metal Mining's shares in their nickel miner unit Vale Indonesia is expected to conclude in July. The transaction... 

Australia regulator extends approval deadline for SQM-Hancock's $1.bn bid for Azure

Australia's Azure Minerals said on Wednesday the country's Foreign Investment Review Board (FIRB) extended a deadline for approving SQM and Hancock Prospecting's A$1.7-billion offer for the lithium... 

Russia confirms deal to buy part of diamond producer Alrosa's output

Russia will regularly buy diamonds from sanctions-hit producer Alrosa ALRS.MM through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia's... 

Nornickel says financial stability is priority, not dividends

Russian metals producer Nornickel, said on Friday that the financial stability of the company was more important then dividends but shareholders had the final say on the matter. Dividends are a... 

Vale Indonesia targets 2024 output of about 70 800 metric tons nickel in matte

ickel miner PT Vale Indonesia is aiming for output this year of about 70 800 metric tons of nickel in matte, an official said on Monday, a similar volume to the 70 728 metric tons produced in... 

Canada's mild winter disrupts key ice road to remote Arctic diamond mines

An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines, and De Beers to... 

Nigeria to grant mining licences only to companies that process locally

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 

Freeport warns copper export ban could cost Indonesia $2bn in lost revenue

Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2-billion in revenues for Jakarta, a company... 

China smelters plan output cuts, no Q2 copper guidance price, sources say

China's top copper smelters have proposed a production cut of 5% to 10% and decided not to issue guidance prices for copper processing charges for the second quarter, two sources with knowledge of... 

Peruvian miner Buenaventura adds two board members from Chile's Antofagasta

Peru's Buenaventura, one of the country's largest miners of precious metals, on Wednesday said it added two executives from Chile's Antofagasta to its board of directors following a partnership... 

Chile needs to finalise more lithium plan details to spur investment, miners say

The Chilean government's new plan to usher in private investment at a number of the country's lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining... 

Canada introduces tougher security reviews of foreign investments

Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on... 

Indonesian miner Amman asks for copper export ban delay

Indonesian copper miner PT Amman Mineral Internasional is in negotiations with the government to allow it to continue exporting copper concentrate beyond May 31, its chief executive said on... 

China coal industry group says output at accident-hit mining hubs back to normal

Coal mining output at accident-hit mining districts of Shaanxi and Inner Mongolia in China's north have returned to normal, a major coal industry group said on Wednesday. A recent spike in coal... 

Most rescue efforts suspended at Russian gold mine due to collapse risk -TASS

Most rescue efforts have been suspended at a gold mine in Russia's far east, where 13 miners were trapped by a rock fall on March 18, due to the risk of another collapse, state news agency TASS... 

Chile opens lithium salt flats for investment, saves two for state control

Chile's government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in... 

Chile lithium miner SQM spars with China partner over Codelco deal

Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's... 

Newmont’s Akyem Ghana gold mine draws Chinese interest

Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with... 

Tianqi seeks shareholder voting power in Chile's SQM-Codelco lithium deal

China's Tianqi Lithium Corp on Friday urged Chile's SQM to hold a shareholders vote over a lithium deal under discussion with State-run copper miner Codelco, and criticized a lack of clarity in the... 

Human rights court orders Peru to pay damages to Peru mining town

The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and... 

Fortescue eyes developing its copper assets, not looking at Cobre Panama

Australia's Fortescue, the world's fourth-largest iron-ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairperson told Reuters... 

Congo overtakes Peru on copper output, still behind on exports

The Democratic Republic of the Congo overtook Peru as the world's second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations... 

Boliden sees $48m hit to Q1 profit from strike in Finland

Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million... 

M Resources, GEAR plan funding round after $1.65bn coal mine buy, source says

Australian coal trader M Resources and Singapore's GEAR plan a funding round after their $1.65-billion purchase of South32's Illawarra metallurgical coal operations, a source familiar with the... 

More investors push Glencore to keep coal post Teck deal

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the... 

Alaska's governor calls on Biden to update mine permit process

Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the US mine permitting process in order to boost domestic production of critical minerals and... 

US backs Australian, Brazil rare earths projects for up to $850m

The US has backed two Australian-listed rare earths projects with up to $850-million of funding as Western nations build a supply chain for the strongly magnetic metals used in sectors from... 

UAE conglomerate seeks to gatecrash China's JCHX Zambian copper deal

A unit of International Holding Company IHC.AD, Abu Dhabi's most valuable company, is interested in acquiring Zambia's Lubambe Copper Mine, an asset that China's JHCX Mining has already agreed to... 

Antofagasta launches desalination plant for Los Pelambres copper mine in Chile

Chilean miner Antofagasta Minerals on Thursday inaugurated a more than $2 billion desalination plant for its flagship copper mine in Chile, Los Pelambres, aimed at relieving the effects of severe... 

France sets end March deadline for New Caledonia nickel deal

French Finance Minister Bruno Le Maire on Thursday set an end of month deadline for New Caledonia to back a state bailout deal for the French territory's nickel industry, ruling out an improved... 

China coal industry group expects output growth to slow in 2024

China's coal output is expected to increase 36-million metric tons, or 0.8%, to about 4.7-billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9%... 

Rescuers battle rubble and water in race to save 13 trapped Russian miners

Rescuers in Russia's far east battled rubble and water on Wednesday in an attempt to save 13 miners who have been trapped 120 metres underground in a gold mine for nearly two days. The miners were... 

Peru copper production dips 1.2% in January

Copper production in Peru, the world's No. 2 producer of the red metal, slipped 1.2% in January from the same month the year earlier to some 205 375 metric tons, the Andean nation's mines and... 

Sigma Lithium receives letter of arbitration from LG Energy Solution

Sigma Lithium said on Tuesday its unit received an initiation letter of arbitration from South Korean company LG Energy Solution. In its request for arbitration, LG Energy alleges that Sigma... 

Glencore-backed Peru zinc miner Volcan halts three mines over permits

Peruvian zinc, lead and silver miner Volcan, backed by global commodities giant Glencore, will halt activity at three of its mines in the country from Tuesday as it works on updating an operating... 

Vale faces $3.8bn claim in Dutch case over Brazil Mariana dam break

Victims of the 2015 Mariana dam break in Brazil are seeking about £3-billion ($3.8-billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands,... 

Rio Tinto to invest $350m in Argentina lithium project

Global miner Rio Tinto will invest $350-million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following CE Jakob... 

Thirteen miners trapped in Russian gold mine, authorities say

Thirteen miners were trapped after a rock fall in a gold mine in Russia's Amur region, Russia's Ministry of Emergency Situations said on Tuesday. "Communications are being restored and mechanized... 

China cuts first 2024 tungsten mining quota 1.6% from year ago

China has set its first batch of 2024's mining quota for tungsten concentrate at 62 000 metric tons, the Ministry of Natural Resources said on Tuesday. That represents a fall 1.6% from 63 000 t of...