Mexico to pay Vulcan Materials less than 1% of arbitration claim

Mexico's government said it will compensate Vulcan Materials less than 1% of the $1.7-billion compensation the US quarrying firm sought in international arbitration over the closure of its Mexican... 

New Zealand grants first offshore petroleum permit since reversing exploration ban

New Zealand's centre-right coalition government on Wednesday granted its first petroleum exploration permit since reversing a ban on offshore exploration imposed by former Prime Minister Jacinda... 

Australia's Meteoric Resources ties up with Posco for Brazil rare earths project

Australia's Meteoric Resources said on Wednesday it had signed an agreement with South Korea's Posco International to support development and financing for its Caldeira rare earths project in... 

Woodside Energy tightens 2026 production outlook as quarterly revenue surges

Australia's Woodside Energy reported a 28% rise in second-quarter revenue on Wednesday and narrowed its yearly production forecast, citing strong operational performance and high reliability across... 

US offers first funding for private ammonia project in Western Sahara

The US Trade and Development Agency said on Tuesday it had agreed to fund early-stage studies for a project aimed at producing ammonia in Western Sahara, marking the first US government financing... 

Rio Tinto posts highest H1 earnings in four years as data centre boom boosts copper

Global diversified miner Rio Tinto posted its highest half-year underlying earnings in four years on Wednesday as performance from its copper and aluminium units tied to energy demand outshone... 

US-Saudi consortium advances plans for $5bn Gulf refinery

The MERA Oil consortium of US and Saudi Arabian companies is advancing plans for a $5-billion integrated refinery and export corridor in the Gulf aimed at boosting regional energy infrastructure,... 

US backs Madagascar rare earths project in push to loosen China's supply chain grip

The US is backing the Ampasindava rare earths project in Madagascar as part of its strategy to loosen the dominance of rivals in critical minerals supply chains, the State Department has said,... 

BHP, Port Hedland union wage talks end without deal, more talks planned

Wage negotiations between BHP and unions representing Port Hedland workers at the miner's iron-ore operations wound up on Tuesday without agreement, with more talks scheduled over the coming week,... 

Whitehaven Coal logs 2026 output at top end of guidance, sees costs at low end

Australia's Whitehaven Coal said on Tuesday its yearly output and sales landed near the top of guidance range as its Queensland mines recovered, while full-year costs were set to come in near the... 

Australia plans first domestic oil refinery in 60 years to boost fuel security

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and... 

Citi maintains bullish copper price targets on supply pressure

Citi maintained on Monday its bullish copper price targets through the end of the year, citing tighter physical markets and supply pressure in China. The bank held its $14 500 per metric ton zero-... 

Coal India misses profit view on weak volumes, higher costs

Coal India, the world's largest coal miner, missed first-quarter profit expectations on Monday, on weaker production volumes and higher costs. Here are the details from the company's earnings report: 

Gold Fields files Tarkwa gold lease proposal with Ghana government

Gold Fields submitted a "lease-renewal proposal" to Ghana this month for its Tarkwa gold mine, the company said on Monday. The South African miner seeks to secure the long-term future of one of its... 

Fury Gold resumes drilling at Quebec's project after wildfire halt

Fury Gold Mines said on Monday that exploration and drilling activities have resumed at the Eau Claire project in Canada's northern Quebec after a wildfire near the project halted operations. The... 

Sundance Resources says it has won $616m Cameroon arbitration over iron-ore project

Sundance Resources has won an International Chamber of Commerce arbitration against Cameroon, with a tribunal awarding the Australian miner about $616-million in damages, interest and costs over a... 

Indonesia seeks to resolve mineral export bottlenecks caused by rare earth content

Indonesia's presidential staff office has called for cooperation between government agencies, law enforcement officials and industry to resolve mineral shipment bottlenecks caused by a lack of... 

LME aluminium stocks fall to lowest this century

Aluminium stocks on the London Metal Exchange have slumped to their lowest this century as supply constraints in the war-hit Middle East leave consumers drawing down inventories to secure metal.... 

Rio Tinto, Western Australia agree to sell desalination plant to Yindjibarndi WaterCo

Rio Tinto said on Monday it had agreed with the Western Australian government to sell their joint venture stakes in the Dampier Seawater Desalination Plant to Yindjibarndi WaterCo. The plant, now... 

Fortescue chair calls for fair negotiations with China

Fortescue founder Andrew Forrest called for China and Australia to "always negotiate fairly," at an event in Perth on Monday, as the world's fourth-largest iron ore maker negotiates annual supply... 

Mali's gold output seen staying below 60 tons through 2029, ministry plan shows

Mali's industrial gold production is expected to remain below 60 metric tons annually through 2029, according to a mines ministry plan seen by Reuters, extending a decline that followed the... 

Japan identifies large share of rare earths in deep-sea mud off remote island

An analysis of rare earth-rich mud retrieved from the deep seabed off a remote Pacific Island earlier this year found medium and heavy rare earth elements accounted for about 54% of the total rare... 

China's CiDi eyes overseas sales of autonomous mining machines this year

CiDi, the Hong Kong-listed Chinese autonomous mining equipment maker, expects overseas deployments to grow this year as it expands beyond China, CE Albert Hu told Reuters. CiDi has equipped... 

Sweden declares mining national security interest to counter dependence on China

Sweden's government declared mining of critical metals and rare earth minerals a national security interest on Thursday, saying a new mining strategy was needed to counter the dependence on China.... 

Canada's Enervoxa plans India rare earths project, may tie up with Vedanta, NALCO

Canadian climate technology developer Enervoxa plans talks with India's Vedanta, Hindalco Industries and State-run NALCO as it looks to set up a processing plant in the country to extract rare... 

Chile investigates Antofagasta's Los Pelambres mine after water discharge from rains

Chile's Antofagasta Minerals said on Thursday its flagship Los Pelambres copper mine remains safe after Chile's environmental regulator opened an investigation into a water discharge incident... 

Newmont tops profit estimates on higher gold prices, sees steady output

Newmont, the world's biggest gold miner, beat second-quarter profit estimates on Thursday after a rally in bullion prices outweighed the impact of lower output, while it forecast steady production... 

Eni-Petronas JV starts floating gas facility build for North Hub in Indonesia

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8-billion North Hub project in... 

Trump imposes forced labor duties on 60 trading partners as 10% US tariffs expire

The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced... 

USA Rare Earth seals deal to buy stake in French processor Carester

USA Rare Earth finalised a deal on Thursday to buy a minority stake in France's Carester that will provide funds for expansion of a processing plant due to open later this year. The move is part... 

Vale to remove board member over alleged information leak

Brazilian miner Vale's board has decided to remove boardmember Marcelo Gasparino da Silva for allegedly leaking confidential information from a June 19 meeting, the company said late on Wednesday.... 

Freeport-McMoRan beats quarterly profit estimates on higher copper prices

Freeport-McMoRan beat Wall Street estimates for second-quarter profit on Thursday, as higher copper prices offset lower production at its Grasberg mine in Indonesia. Shares of the company were up... 

Guinea first-half bauxite exports hit record high on Chinese demand

Guinea's bauxite exports jumped 15% to a record high in the first half of 2026, official data showed, driven by robust Chinese demand despite mounting pressure on smaller producers from rising fuel... 

Anglo flags first-half loss at diamonds, coal units; cuts copper cost outlook

Anglo American reported broadly flat first-half copper production on Thursday and lowered its 2026 copper cost guidance, but said its diamonds and steelmaking coal businesses are expected to post... 

Glencore plans large LME lead withdrawals after stocks surge, sources say

Commodity trader Glencore plans to withdraw 30 000 tons of lead from London Metal Exchange (LME) warehouses, two industry sources said, after inventories of the battery metal ballooned to record... 

Critical mineral refiner Nth Cycle to list on NYSE in $585m SPAC deal

US-based critical mineral refining company Nth Cycle said on Wednesday it would go public through a merger with special purpose acquisition company (SPAC) Kensington Capital Acquisition. The... 

TSX rises to record high, led by energy and mining shares

Canada's main stock index rose to a record high on Wednesday as higher commodity prices boosted energy and metal mining shares, and despite signs that renegotiation of a continental trade pact will... 

Brazil to provide $3.7bn in credit for firms hit by US tariffs

The Brazilian government announced 18.5-billion reais ($3.66-billion) in financing for companies hit by the new US tariffs valid as of Wednesday, adding the resources will also target firms hurt by... 

India and Myanmar signal closer rare earth mining ties

India and Myanmar are working to deepen cooperation in the rare earths sector after visits to the southeast Asian country by Indian teams, with New Delhi seeking alternative supplies of a strategic... 

Congo presses ahead with local ownership rule for miners despite industry concerns

Democratic Republic of Congo will begin enforcing a long-delayed requirement for mining companies to offer local ownership stakes from July 31, the mines ministry said, despite concerns from some...