Copper hits 6-week low, other metals fall after weak China data

 Prices for copper and other base metals fell in London on Tuesday, hurt by a worsening demand outlook from top consumer China after the country released slower industrial output growth data and... 

Mexican mining chamber calls for end to strike at Newmont gold mine

Mexico's Camimex mining chamber has called on the authorities to help end a strike at the country's leading gold mine, Newmont Penasquito project in northern Zacatecas state, it said in a statement... 

Miners face 'considerable challenges' meeting demand from US climate law -study

The mining industry faces "considerable challenges" meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a US climate law, S&P Global said in a report... 

Alrosa says H1 net profit down 35%

Russian diamond producer Alrosa on Monday reported a first-half net profit of 55.6-billion roubles ($551-million), down 35% from 85.3-billion a year earlier. The company said its revenue in the... 

India's NMDC posts Q1 profit rise on strong iron-ore sales

ndia's National Mineral Development Corp (NMDC) on Friday reported a rise in quarterly profit, aided by robust iron ore sales. The company posted a profit of 16.50 billion rupees for the first... 

Iron-ore surged, but could retest $100/mt support levels

Iron-ore futures spiked more than 2% on Friday, helped by rising steel mill production in China, although lingering property sector and steel demand concerns continued to weigh on sentiment. The... 

Chile's leftist President rejects push for private lithium concessions

Chile's leftist President on Thursday said he would oppose a proposal from conservative leaders in Congress to allow private lithium concessions, arguing that his state-centred approach was the... 

Antofagasta raises shareholder payouts after stronger profit

Mining company Antofagasta raised shareholder returns on Thursday after posting a 7.5% rise in half-year profit as higher copper sales more than offset lower prices. The London-listed Chilean... 

Lithium mine auctions in China's Sichuan draw thousands of high bids

Two lithium mine auctions in China's southwestern Sichuan province that began this week have received nearly 7 000 bids, with prices hundreds of times higher than starting levels and rising as of... 

Barrick open to Saudi wealth fund buying stake in Pakistan's Reko Diq project

Barrick Gold is open to bringing in Saudi Arabia's wealth fund as one of its partners in Pakistan's Reko Diq gold and copper mine, Barrick CEO Mark Bristow told Reuters in an interview on Tuesday.... 

Bolivia eyes lithium mining investment from Brazil's Petrobras

 Brazil's state-run oil giant Petrobras has signaled interest in possibly investing in Bolivia's lithium-rich salt flats with an eye toward industrial-scale projects, the country's top energy... 

Polymetal plans to sell Russian assets under sanctions in 6-9 months - CEO

Gold and silver producer Polymetal International, which had planned to separate its Russian and Kazakh businesses, now intends to sell assets in Russia under US sanctions within six to nine months,... 

Japan signs deal with Namibia to explore for rare earth minerals

Japan on Tuesday signed an agreement with Namibia to jointly explore for rare earth minerals as part of its broader plan to develop supply chains for cobalt and other minerals used in making... 

Glencore sticks to acquisition trail as earnings halve

Glencore said it remains on the hunt for acquisitions, including a possible partial or full takeover of Canada's Teck, even as it reported a halving in earnings for the first half of the year on... 

Barrick beats quarterly profit estimates on higher gold prices

Barrick Gold beat analysts' expectations for second-quarter profit on Tuesday, as the Canadian gold miner benefited from higher prices of the precious metal. The company also maintained its... 

Biden to protect vast sacred lands near Grand Canyon

US President Joe Biden will curb land development on a stretch of nearly one-million acres (405 000 ha) near Arizona's iconic Grand Canyon, a move intended to cement his environmental credentials... 

Vale loses bid to block BHP's London lawsuit in Brazil dam case

ale on Monday lost a bid to block fellow mining giant BHP Group's bid to have it share potential liability in a 36-billion-pound ($46-billion) London lawsuit over Brazil's worst environmental... 

US discussed 'creative ways' to help landlocked Mongolia export rare earths - officials

 US and Mongolian officials this week discussed "creative ways" to ensure the landlocked country, dependent on goodwill from its neighbors China and Russia, could get critical minerals onto the... 

Botswana plans extra diamond sales route after De Beers deal

Botswana's state diamond company is planning to diversify how it sells precious stones to the market as it gears up to receive far more supply under a multi-year deal the country struck with... 

Freeport Indonesia secures copper export permit, plans to contest new export duty

Mining giant Freeport has obtained a license to ship copper concentrate from its Indonesian operation until May 2024, but may contest new government rules on export duties. Exempted from the... 

Nickel miner Vale Indonesia plans to divest 14% stake - Minister

Nickel miner Vale Indonesia is planning to divest 14% of its stake this year to fulfill divestment rules, Indonesia's Mining Minister Arifin Tasrif told reporters on Friday. The shares will be... 

China nickel producers look to London exchange in dash for profit

Chinese nickel producers are looking to list metal on the London Metal Exchange (LME), two China-based industry analysts said, as they seek improved access to global markets and rush to lock in... 

Mongolia, Rio Tinto have resolved nearly all copper mine tax issues- PM

Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the... 

Tin rises on confirmation of mining ban in Myanmar

Prices of tin rose on Thursday after the International Tin Association confirmed a ban on mining by Myanmar's ethnic minority Wa militia from Aug. 1. Three-month tin on the London Metal Exchange... 

Canada's TMC says it will apply for seabed mining licence in 2024

Canada's The Metals Company aims to apply next year for a licence to start mining in the Pacific Ocean, with production expected to get underway by as early as the fourth quarter of 2025, it said... 

Albemarle boosts profit forecast on surging lithium demand, shares jump

Albemarle, the world's largest producer of lithium, raised its 2023 profit forecast on Wednesday after reporting better-than-expected quarterly results, and it shares jumped as the company cited... 

Nornickel slashes 2023 investment forecast by $1bn

Russian miner Nornickel said on Wednesday it had cut its 2023 investment forecast to $3.5-billion to $3.8-billion from $4.7-billion, as it reported a 20% year-on-year drop in first-half revenue... 

World battles to loosen China's grip on vital rare earths for clean energy transition

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock... 

Codelco requests permit for $2.5bn Ministro Hales mine extension

Chile's State-owned Codelco, the world's largest copper producer, submitted on Tuesday a request for an environmental permit to extend the useful life of its Ministro Hales mine with a $2.5-billion... 

Chile fines Lundin mine for environmental infractions

Chile's environmental regulator said Tuesday it had fined Lundin's Caserones copper mine the equivalent of $9-million for serious water-use violations. The Superintendency of the Environment (SMA)... 

Uranium price ticks up after Niger coup, more gains expected

The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world's seventh largest producer of the radioactive metal, but a... 

London copper set for best month since January

Copper prices in London were on track on Monday for their best monthly performances since January on prospects of further stimulus in top consumer China and that the US Federal Reserve will pause... 

Britain commits to future North Sea oil and gas licences

Britain on Monday committed to granting future licences for North Sea oil and gas extraction as part of efforts to become more energy independent, in plans that have drawn criticism from... 

Codelco sees lower copper output, more stoppages in 2023

 Chile's State miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines. The... 

Gold heads for weekly loss on strong US economic data

Gold regained some ground on Friday as the dollar retreated, but still headed for its worst week in five after data pointing to a resilient US economy soured bets for a dovish tilt in US monetary... 

Teck CEO says mulls partial sale of coal unit as Glencore circles

The CEO of Teck Resources said on Thursday that the Canadian miner is considering a range of proposals including a partial sale of its coal business from various interested parties after Glencore... 

Canada plans to finalise emissions cap by mid-2024, Minister says

Canada will likely publish the final regulations of a plan to cap and cut greenhouse gases from the oil and gas sector by mid-2024, its Environment Minister told Reuters on Thursday. The Canadian... 

Eramet says it secured $400m lithium deal with Glencore

Eramet said on Wednesday that it had signed earlier this month a $400-million deal with commodities group Glencore to jointly market some 50 000 metric tons of lithium produced on its Argentina... 

Cochilco cuts 2023 copper price forecast to $3.85/lb

The Chilean Copper Commission (Cochilco) on Wednesday lowered its forecast for the average copper price in 2023 to $3.85 per pound amid doubts about international economic performance. "The copper... 

Alaska asks US Supreme Court to undo EPA Pebble mine veto

The state of Alaska on Wednesday asked the US Supreme Court to vacate a Biden administration veto blocking Northern Dynasty Minerals' NDM.TO proposed Pebble copper and gold mining project, arguing...