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By Reuters

Lynas Rare Earths first-quarter revenue falls nearly 6%

30th October 2024

Australia's Lynas Rare Earths reported a nearly 6% decline in first-quarter revenue on Wednesday due to falling prices for strategic minerals and muted demand. Rare earth prices sustained at low... 


Debswana's Jwaneng mine

Debswana diamond sales fall over 50% in first nine months of 2024

30th October 2024

Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months of 2024, data released by Botswana's central bank on Tuesday showed, as the downturn in the global... 


Alcoa 'very bullish' on aluminium for energy transition

Alcoa 'very bullish' on aluminium for energy transition

30th October 2024

Alcoa is "very bullish" on aluminium as the energy transition drives demand growth, including substitution away from copper, CEO William Oplinger said on Wednesday. "As we look forward, demand... 


BHP's offices in Perth

BHP has moved on from Anglo American, company chairperson says

30th October 2024

BHP has moved on to focus on other growth opportunities after its failed bid for Anglo American earlier this year, the company's chairman said on Wednesday, weeks before a block on making another... 


Ruling party to stay in power in Canada's Saskatchewan

29th October 2024

Premier Scott Moe's right-of-center Saskatchewan Party is extending its hold on power in the western Canadian province after winning a small majority in Monday's election, preliminary results... 


Left-leaning New Democratic Party to form British Columbia government after tight election win

29th October 2024

 Incumbent Premier David Eby's New Democratic Party (NDP) is set to form the next government of British Columbia after edging ahead in a final tally of ballots on Monday, more than a week after the... 


Gustavo Pimenta

Vale partners with China's Jinnan steel to build iron ore processing plant in Oman

29th October 2024

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore beneficiation plant in Oman to produce high... 


Rowena Smith

Australian rare earths developer ASM eyes US defence funding

29th October 2024

Rare earths developer Australian Strategic Materials (ASM) sees more funds becoming available for rare earths projects from the United States Department of Defence even if there is a change in... 


US Energy Dept finalises $2.26bn loan for Lithium Americas' Nevada mine

US Energy Dept finalises $2.26bn loan for Lithium Americas' Nevada mine

29th October 2024

The US Department of Energy finalised a $2.26-billion loan for Lithium Americas on Monday to build Nevada's Thacker Pass lithium mine, one of Washington's largest mining industry investments and... 


Dino Otranto

Australia risks losing top spot in global steel supply chain, Fortescue says

29th October 2024

Australia risks losing its dominant position in the global iron-ore market if it does not move swiftly to produce green iron, and would do well to learn lessons from the near wipe-out of its nickel... 


Nornickel raises 2024 production guidance

Nornickel raises 2024 production guidance

28th October 2024

Russia's Nornickel, the world's largest producer of palladium and a major producer of refined nickel, has raised its 2024 production guidance for all metals. The company said on Monday that its... 


Samarco operations in Brazil

Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse

28th October 2024

Brazil on Friday signed a 170-billion reais ($29.85-billion) compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015, one of the country's worst environmental... 


Codelco suspends operations at copper refinery after worker's death

28th October 2024

Chilean state miner Codelco suspended operations at its Ventanas copper refinery after a worker died on the job, the company said on Friday. The 32-year-old employee of Codelco contractor CVC was... 


The Greenbushes mine

Australia's IGO swings to a loss on lithium downturn

28th October 2024

Australia's IGO posted a quarterly loss on Monday, swinging from a profit in the previous quarter as a slowdown in electric vehicle battery demand wiped out profits from its lithium operations.... 


Thungela CEO July Ndlovu

Thungela CEO sees world shunning new coal as boon for existing mines

25th October 2024

New coal investment may be drying up as the world seeks greener energy, but for miners like South Africa's Thungela Resources that could be a boon if Asia's ravenous appetite keeps prices bouyant,... 


An aluminium smelter

Goldman Sachs raises 2025 aluminum, copper price outlook

25th October 2024

Goldman Sachs on Thursday raised its 2025 aluminum and copper price forecasts citing higher demand potential in top consumer China following stimulus measures. The investment bank hiked its 2025... 


Biden administration approves ioneer's Nevada lithium mine

Biden administration approves ioneer's Nevada lithium mine

25th October 2024

The US Interior Department on Thursday gave final approval to ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by President Joe Biden's... 


Whitehaven Coal jumps on price outlook, output beat

Whitehaven Coal jumps on price outlook, output beat

25th October 2024

Australia's Whitehaven Coal said on Friday that it was optimistic about further gains in metallurgical coal prices due to supply constraints and reported quarterly production ahead of market... 


Anglo American's corporate head office in South Africa

Can Anglo's copper pivot help thwart renewed takeover bid?

25th October 2024

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP... 


Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices

Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices

25th October 2024

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier, hit by lower prices of the steel-making ingredient... 


A haul truck operating at the Loulo-Gounkoto complex

Mali accuses Barrick Gold of breaching agreement, miner denies claims

25th October 2024

Mali has accused Barrick Gold of failing to abide by commitments made in a recent agreement, charges the Canadian miner denied on Thursday, saying it did not accept any claims of wrongdoing.... 


Fortescue record Q1 iron-ore shipments marred by cost pressures

Fortescue record Q1 iron-ore shipments marred by cost pressures

24th October 2024

Fortescue, the world's fourth-largest iron-ore miner, on Thursday posted a 4% rise in its first-quarter iron-ore shipments but flagged rising costs at its mines while realised prices had fallen,... 


Sibanye-Stillwater, which mines and processes palladium in Montana, has pushed for the 45X expansion to offset cutthroat Russian competition.

US Treasury allows miners to access clean energy manufacturing subsidy

24th October 2024

The US Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production of solar panels, lithium-ion batteries and other clean... 


Argentina's lithium hunters scale back as EV shift slows

Argentina's lithium hunters scale back as EV shift slows

24th October 2024

The Argentine salt flats in South America's "lithium triangle" have been one of the busiest sites for ventures racing to extract the battery metal needed to power the global shift to electric... 


BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case

BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case

24th October 2024

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a... 


First Quantum CEO Tristan Pascall

First Quantum in talks with potential partners for Zambian assets

24th October 2024

First Quantum Minerals is in talks with potential partners for its Zambian assets, the Canadian miner said on Wednesday, without disclosing names of the firms. Last week, Reuters reported that... 


Grupo Mexico works to kick out illegal miners at Los Chancas project in Peru

24th October 2024

Mining and transport conglomerate Grupo Mexico is working with authorities to wipe illegal mining at its Los Chancas project in Peru, the mining division's finance chief told analysts in a call on... 


Chris Ellison

Mineral Resources’ Ellison faces probe from Australian watchdog

24th October 2024

Australia’s corporate watchdog is investigating Mineral Resources and its tycoon founder, Chris Ellison, after he made undeclared payments that avoided tax. “The Australian Securities and... 


Quebrada Blanca

Teck Resources Q3 profit beats estimates on higher copper production

24th October 2024

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher production of copper at its Quebrada Blanca (QB) mine. The company reported an adjusted profit of... 


Dam disaster deal should curb lawsuits against Vale and BHP, sources say

Dam disaster deal should curb lawsuits against Vale and BHP, sources say

23rd October 2024

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 


Freeport's Grasberg mine

Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates

23rd October 2024

Freeport-McMoRan said on Tuesday that demand for copper is expected to increase with more data centers being built, and the miner reported a better-than-expected quarterly profit as higher prices... 


Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn

Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn

23rd October 2024

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 


Freeport-McMoRan's third-quarter profit beats on higher copper prices

Freeport-McMoRan's third-quarter profit beats on higher copper prices

22nd October 2024

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts' estimates, helped by higher copper prices. Average copper prices rose in the third quarter on signs of better... 


Boliden's Garpenberg mine

Boliden's Q3 earnings up nearly 60% as production picks up

22nd October 2024

Swedish mining group Boliden reported a bigger than expected rise in its core earnings on Tuesday, saying production during the quarter had been good and metals prices were picking up. Boliden's... 


Iron-ore retreats as mounting concerns on weakening steel demand weigh

Iron-ore retreats as mounting concerns on weakening steel demand weigh

22nd October 2024

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 


Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz

Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz

22nd October 2024

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 


BHP trying to avoid responsibility over Brazilian dam collapse, UK court told

BHP trying to avoid responsibility over Brazilian dam collapse, UK court told

21st October 2024

BHP is cynically trying to avoid its responsibility for Brazil's worst environmental disaster, lawyers representing thousands of victims told London's High Court on Monday, as a lawsuit worth up to... 


Endeavour CEO Ian Cockerill

Endeavour Mining targets 200 000 oz/y of gold from Côte d'Ivoire mine

21st October 2024

London-listed Endeavour Mining said on Saturday it had a goal of producing about 200 000 ounces of gold per year from 2025 from its second gold mine in Côte d'Ivoire. Lafigue Mine, inaugurated on... 


BHP faces $47bn UK lawsuit over Brazilian dam collapse

BHP faces $47bn UK lawsuit over Brazilian dam collapse

21st October 2024

A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to... 


US awards contracts for making higher enriched uranium for new reactors

18th October 2024

The US rolled out initial contracts to four companies hoping to produce a new, more highly enriched uranium fuel for an expected wave of high-tech reactors, the US Energy Department said on... 


Olympic Dam copper mine halted on power outages, severe electrical storms

Olympic Dam copper mine halted on power outages, severe electrical storms

18th October 2024

Global miner BHP's Olympic Dam copper mine faces power disruptions after severe electrical storms ravaged transmission infrastructure in the northern regions of South Australia, a company... 


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