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Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

By Reuters

Strong copper price reviving Peru's mining mojo, Minister says

6th May 2024

Peru's dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor... 


The Tenke Fungurume mine in the DRC

Congo's $7bn infrastructure deal with China will depend on copper prices

6th May 2024

About $7-billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of... 


Mulino will inherit the controversy surrounding the Cobre Panama copper mine.

Panama's Mulino wins Presidency with support from convicted former leader

6th May 2024

PANAMA CITY - Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who... 


Panama to bar First Quantum from mining copper during closure process

Panama to bar First Quantum from mining copper during closure process

3rd May 2024

Panama will bar First Quantum from extracting copper during the closure of the mine it lost the rights to run last year, the country's Trade Minister Jorge Rivera Staff told Reuters, adding that... 


Brazil rejects Vale, BHP settlement offer for Mariana disaster

3rd May 2024

Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday.... 


Anglo CEO meets South Africa's mines minister after BHP's takeover proposal

3rd May 2024

 Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source... 


Boliden to restart its Tara zinc mine in Ireland

Boliden to restart its Tara zinc mine in Ireland

3rd May 2024

Swedish mining group Boliden will restart production at its Tara zinc mine in Ireland after it was paused in 2023, it said on Friday. The mine was put on care and maintenance last year after... 


Anglo American boosts London's FTSE 100 to near record high

3rd May 2024

Britain's FTSE 100 opened near record highs on Friday, boosted by Anglo American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new... 


Zimbabwe's sole nickel mine placed under administration

3rd May 2024

Zimbabwe's only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices.... 


Albemarle may lower capex if lithium prices stay low

Albemarle may lower capex if lithium prices stay low

3rd May 2024

Albemarle, the world's largest producer of lithium for electric vehicle batteries, could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on... 


Canadian Natural Resources considering major expansion of Horizon oil sands mine

3rd May 2024

Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday.... 


Hudbay is building Copper World, where it expects about 92 000 metric tons of average copper production over the first ten years.

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

3rd May 2024

he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a... 


Glencore studying an approach for Anglo American, sources say

Glencore studying an approach for Anglo American, sources say

3rd May 2024

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 


Alrosa says output stable amid Western sanctions

Alrosa says output stable amid Western sanctions

2nd May 2024

Russian diamond miner Alrosa has no plans to reduce production amid tougher Western sanctions, its CEO Pavel Marinychev said on Thursday. The Russian finance ministry said last month that Russia... 


Graphite miners lobby US govt to impose levy on China-sourced EV material

Graphite miners lobby US govt to impose levy on China-sourced EV material

2nd May 2024

North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing's monopoly on a key material used in... 


Brazil Potash aims to beat Russian, Canadian suppliers on price

2nd May 2024

The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash, citing a... 


Australia's second-largest pension fund blacklists thermal coal investments

Australia's second-largest pension fund blacklists thermal coal investments

2nd May 2024

Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its... 


Canada's long-delayed Trans Mountain oil pipeline starts operations

Canada's long-delayed Trans Mountain oil pipeline starts operations

2nd May 2024

After 12 years and C$34-billion, Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets... 


Barrick Gold beats estimates for quarterly profit

Barrick Gold beats estimates for quarterly profit

2nd May 2024

Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica. Prices of the... 


BHP is betting on developing the Reko Diq copper project in Pakistan

Barrick Gold is not interested in bidding for Anglo American, CEO says

2nd May 2024

arrick Gold is not interested in bidding for Anglo American, which last week received a $39-billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark... 


China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal

2nd May 2024

China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a... 


Stuart Chambers

Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM

2nd May 2024

Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing... 


US President Joe Biden

US reforms environmental law to speed up clean energy, infrastructure approval

30th April 2024

The White House on Tuesday reformed the US environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar... 


A hydrogen-powered truck in operation at Anglo American Platinum's Mogalakwena mine

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

30th April 2024

BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African... 


Tietto asks investors to accept Zhaojin's offer or sell shares

30th April 2024

Australia's Tietto Minerals has urged its shareholders to accept Zhaojin Mining's offer that values the firm at A$733-million or sell shares on-market if the market price is not materially... 


Anglo will hold its AGM in London on Tuesday

Anglo under pressure to reveal plans to fend off BHP as Elliott hikes stake

30th April 2024

Anglo American faced calls from shareholders on Monday to detail plans for improving its value in order to fend off bidder BHP, as activist investor Elliott further raised the stakes by increasing... 


President Cyril Ramaphosa's spokesperson Vincent Magwenya

South Africa views BHP bid for Anglo as 'normal market activity'

29th April 2024

South Africa views BHP Group's proposed bid for Anglo American as "normal market activity" and is following the process as it unfolds, President Cyril Ramaphosa's spokesperson said on Monday. BHP... 


River Doce in Minas Gerais in 2022. The Samarco dam collapse destroyed land along the river's banks.

Vale, BHP propose $25bn settlement for Mariana disaster reparations

29th April 2024

Vale, BHP and their joint venture Samarco have presented Brazilian authorities with a settlement proposal related to reparations for the 2015 Mariana tailings dam burst, which killed 19 people and... 


BHP tells investors Anglo bid is 'on strategy', stresses discipline

BHP tells investors Anglo bid is 'on strategy', stresses discipline

29th April 2024

BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. The world's... 


Saudi Arabia set on securing lithium for EV ambitions

Saudi Arabia set on securing lithium for EV ambitions

29th April 2024

Saudi Arabia is committed to sourcing lithium from overseas as it looks to produce EV batteries and invest in the electric vehicle sector, a senior minister said in an interview, noting attempts to... 


Glencore bought aluminium from Rusal worth $1.06bn in 2023

29th April 2024

Commodities group Glencore bought aluminium from Russian producer Rusal worth $1.06-billion in 2023 as part of their long-term contract, the Russian producer said in an annual report on Friday.... 


Codelco posts fresh output slump, underscoring copper struggles

Codelco posts fresh output slump, underscoring copper struggles

29th April 2024

Top copper producer Codelco saw a decline in quarterly output due to lower quality ore at its aging Chilean mines — the latest sign of supply-side struggles that have helped send metal prices to... 


The Mogalakwena mine in South Africa

BHP considering improved proposal for Anglo American, sources say

29th April 2024

BHP Group is considering making an improved offer for Anglo American after its $39-billion initial proposal was rejected by the London-listed miner, a source familiar with the matter told Reuters.... 


Copper hits $10 000/t as bulls predict looming deficit

Copper hits $10 000/t as bulls predict looming deficit

26th April 2024

Copper hit $10 000 a ton for the first time in two years as speculation builds that the world’s mines will struggle to meet a coming wave of demand from green industries. The metal reclaimed its... 


Activist investor Elliott builds $1bn stake in Anglo American

Activist investor Elliott builds $1bn stake in Anglo American

26th April 2024

Activist fund Elliott has built up a $1-billion stake in Anglo American, a filing showed on Friday, after the London-listed miner became a takeover target by bigger rival BHP Group. Elliott... 


China's Q1 gold consumption climbs nearly 6% on safe-haven demand

26th April 2024

hina's gold consumption in the first quarter of 2024 climbed by 5.94% from a year earlier on soaring safe-haven demand, the country's Gold Association said on Friday. Bullion consumption in the... 


Glencore CEO Gary Nagle

Glencore seeks investment opportunities in Nigerian mining sector

26th April 2024

ining and trading house Glencore will invest in Nigeria's mining sector if the government ensures a stable business climate, the company's CEO said on Thursday during a visit to Nigeria's minister... 


FACTBOX: Top deals in the global mining sector

FACTBOX: Top deals in the global mining sector

26th April 2024

On Thursday, BHP Group bid $38.8-billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining... 


SQM partner Tianqi Lithium requests shareholders vote on Codelco tie-up

26th April 2024

China's Tianqi Lithium said on Thursday it has formally requested that a proposed joint venture between lithium company SQM, in which it is a major shareholder, and state-run copper miner Codelco... 


BHP CEO Mike Henry will reportedly brief investors next week.

BHP shares drop on value concerns after $39bn bid for Anglo American

26th April 2024

BHP Group shares fell 4% on Friday a day after revealing a $38.8-billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its... 


Anglo American does not find BHP $39bn offer attractive

26th April 2024

Anglo American's management does not consider a proposed $39-billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as... 


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