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Pilbara Minerals moves to preserve cash after price slump
Shares of Pilbara Minerals climbed on Wednesday as the Australian lithium miner trimmed its annual capital expenditure forecast given a slump in prices that pulled down its second-quarter revenue...
Tin shackled by surplus, but green industry demand poised to mop up supplies
The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles,...
Thailand aims for lithium output in two years, boosting EV ambitions
Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to become a regional electric vehicle (EV) production hub, according to government...
New Caledonia's Prony Resources faces cash crunch on nickel slump
ew Caledonian nickel producer Prony Resources is facing an "alarming" situation amid a slump in metal prices as it waits for the possibility France will offer monetary support for the territory's...
Australia's oldest listed investment firm says lithium stocks turning attractive
Australia's oldest listed investment firm is finding beaten-down lithium shares are starting to look like buys, with the sector's downturn reminiscent of the hasty selling in healthcare stocks...
Codelco places $2bn in bonds as miner aims to boost copper output
Chile's Codelco, the world's largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an...
Plane carrying Rio Tinto workers crashes in Canada's Northwest, some killed
A small plane carrying Rio Tinto workers crashed near Fort Smith in Canada's remote Northwest Territories on Tuesday during a flight to its Diavik diamond mine, killing some people on board. There...
Fortescue faces rare delays for China iron-ore customs clearance - sources
At least two iron-ore cargoes from the world's No.4 supplier Fortescue Metals Group are facing unusual customs delays at north China's Caofeidian port due to inspections for solid waste, sources...
First Quantum shareholder SailingStone told miner about 'missed opportunities'
SailingStone Capital Partners, a shareholder in First Quantum Minerals, said on Monday it had told the Canadian miner about historic "missed opportunities" in the management of its balance sheet...
Supply risks fuel uranium's flight to more than 16-year peak
Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is...
Lynas reports over 50% drop in Q2 revenue
Australia's Lynas Rare Earths on Monday reported a 51.7% drop in second-quarter revenue reflecting a plunge in underlying prices coupled while a planned shutdown of its Malaysian operations which...
Moroccan miner Managem plans $300m – CEO
Moroccan mining company Managem plans to increase its capital by three-billion dirhams ($300-million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad...
China, in comic strip, warns of 'overseas' threats to its rare earths
hina's chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country's strategic metals...
China, DRC talking $7bn in finance, Tshisekedi says
China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second...
First Quantum Minerals exploring rights issue to ease debt - sources
Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40%...
Battery maker Northvolt looks at sourcing cobalt from Congo
Swedish battery maker Northvolt is looking to source cobalt, used to make chemicals for electric vehicle batteries, from the Democratic Republic of Congo (DRC), the company said on Friday. The...
Transnet partially restores service on coal export line
South African freight rail operator Transnet said late Thursday it resumed partial service on the line connecting to the country's main coal export terminal, four days after two trains collided and...
Mineral-rich Arctic region of Nunavut gains control over its resources
Canada on Thursday formally gave the giant Arctic territory of Nunavut control over its reserves of gold, diamonds, iron, cobalt and rare earth metals, a move that could boost exploration and...
Codelco to invest $720m more in Chuquicamata copper mine
Chile's State-owned Codelco, the world's largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720-million....
Whitehaven Coal posts strong Q2, mulls Blackwater mine stake sale
Australia's Whitehaven Coal reported a near 4% rise in quarterly production on Friday, helped by strong performance at its open-cut mines, and said it was exploring a potential stake sale in the...
Energy Transition asked to give payment security for Greenland case
Australia's Energy Transition Minerals said on Thursday a Copenhagen arbitration tribunal ordered its unit to give payment security for the Greenland and Denmark governments' legal costs against...
EU-backed investors plan €500m battery raw materials fund
Two of Europe's leading energy transition investors plan to raise €500-million for a battery raw materials fund, aiming to plug "significant gaps" in the region's supply chain, executives told...
Lithium venture in Chile in talks with EV firms to invest in mine project
A joint venture valued at $1.5-billion to $2-billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project. Simco Lithium, owned by a Singaporean...
Serbia wants talks with Rio Tinto over Jadar lithium project
Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be...
Liontown shares plunge as Albemarle seeks to exit Australian lithium developer
Shares of Liontown Resources fell about 15% on Thursday to hit their lowest level in 18 months after a term sheet showed Albemarle was trying to sell its stake in the Australian lithium developer....
Transnet plans to partially reopen coal line after derailment
South African freight rail operator Transnet plans to reopen the first of two coal lines to the country's major coal export terminal on Thursday after it was blocked following a train collision...
Albemarle to cut staff, pause expansions amid falling lithium prices
Albemarle, the world's largest lithium producer, said on Wednesday it will cut jobs and defer spending on a US refinery project in a wide-ranging plan to slash costs amid falling prices of the...
Antofagasta's 2023 copper output up 2%, sees higher capex in 2024
Antofagasta on Wednesday reported a 2% rise in 2023 copper production to 660 600 metric tons on higher output at its flagship project Los Pelambres due to improved water availability. The Chilean...
First Quantum offers voluntary retirement to over 1 500 Panama mine staff
First Quantum Minerals on Tuesday offered voluntary retirement to more than 1 500 employees at its key Panama mine, a day after announcing a major restructuring to conserve cash, which included...
Australia's nickel producers reel from supply glut
A sharp slide in nickel prices over the past year, driven by a jump in Indonesian supply, has hit Australian nickel producers, leading to mine closures, production cuts and writedowns in recent...
Evolution Mining eyes worst day in year-and-a-half on production miss
Shares in Evolution Mining dropped nearly 21% to post their biggest drop in about 18 months on Wednesday, after the miner's second-quarter gold production missed analyst expectations. The stock...
Albemarle offers to sell entire stake in Liontown after failed $4.3bn bid
An Albemarle unit has put on sale its entire stake in Australia's Liontown Resources, a term sheet showed on Wednesday, after the US-based firm withdrew its proposed A$6.6-billion bid for the...
Most cobalt producers loss-making after 2023 price slump - ERG
Most cobalt producers are likely to be losing money on every ton of cobalt they produce after a price slump last year, Benedikt Sobotka, CEO at metals miner Eurasian Resources Group (ERG), said on...
Indonesia approves Freeport Indonesia's mining quota for 2024-2026
Indonesia has approved a mining quota for copper miner Freeport Indonesia totalling 219.8-million metric tons of copper ore for the next three years, a mining ministry official said on Tuesday....
S&P upgrades Vedanta Resources just days after a downgrade
S&P Global Ratings upgraded Vedanta Resources, the London-based parent of Indian miner Vedanta, on Monday, citing a more "manageable" debt maturity profile after a recent debt restructuring, which...
One killed in flood at mine in Russia's Arctic north
One miner was killed and another injured by a flood at a coal mine in the Russia's Arctic Komi region, Russia's emergencies ministry said on Monday. Groundwater broke through into the Zapolyarnaya...
Collapse of gold mine in Tanzania kills 22, official says
The collapse of an illegal small-scale gold mine has killed at least 22 people in northern Tanzania following heavy rains, a senior government official said on Sunday. The accident happened early...
BYD in talks with Brazil's Sigma Lithium on supply deal - FT
Chinese electric car-maker BYD has held talks with Brazil's Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday. BYD met Sigma CEO...
Indonesia targets 710Mt coal output in 2024 after record 2023
Indonesia, a major thermal coal exporter, aims to produce 710-million metric tons of coal in 2024, the Mining Minister said on Monday, after posting record output last year. Indonesia's coal...
Codelco reaches deal with supervisers union at Chuquicamata copper mine
Chile's State-owned Codelco, the world's largest copper producer, said on Friday it had reached an agreement on a new contract with the union representing supervisors in its Chuquicamata division....
Kazatomprom may cut uranium production plan
he world's largest uranium producer, Kazakhstan's Kazatomprom, said on Friday it may cut its 2024 production plan due to difficulties with the availability of sulfuric acid needed for uranium...
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