Worker trapped after accident at Codelco project in Chile unharmed

A worker who had been trapped following a rock blast at a construction site managed by Chile's state-owned Codelco, the world's largest copper producer, was evacuated without injury, the company... 

Non-Western supplies start replacing Nornickel's old mining equipment

Russia's Nornickel has started replacing its old mining equipment with supplies from so called "friendly" countries - those that have not imposed sanctions on Moscow, it said on Monday, as it... 

Ecuador, SolGold seal deal to launch nearly $5bn mining project

Ecuador's government concluded negotiations with Australian miner SolGold to develop a major mine seen requiring a $4.9-billion investment over the lifetime of the project, the energy and mines... 

Norsk Hydro says Russian metal threatens benchmark status of LME aluminium

 The London Metal Exchange should reconsider a decision not to ban Russian aluminium from its warehouse network as large volumes are jeopardising the benchmark status of its aluminium contract,... 

Hindustan Zinc's Q1 profit falls on weak zinc, lead prices

Indian miner Hindustan Zinc on Friday reported a fall in first-quarter profit, dragged by weak zinc and lead prices, and despite reduced expenses and tax burden. The company's consolidated net... 

Bolivia hikes lithium resources estimate to 23Mt

Bolivia's lithium resources are now estimated at 23 million metric tons, its president said on Thursday after government studies that further cement the South American country's position as the... 

US imposes sanctions on Russian copper producer UMMC

The United States has imposed sanctions on Russian major copper producer Ural Mining And Metallurgical Company (UMMC) as a measure to "reduce Russia's revenue from the metals and mining sector,"... 

LME expects more fast-track listings after approval of new nickel brand

The London Metal Exchange (LME) said on Thursday it had approved nickel produced by Quzhou Huayou Cobalt New Material, a subsidiary of China's Zhejiang Huayou Cobalt, as a list brand and expects... 

Some US companies still failing to meet conflict minerals rules, GAO says

 Some US companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals don't come from... 

Freeport's profit narrowly beats despite production, Indonesia woes

A slump in copper production and shipping delays in Indonesia dragged Freeport-McMoRan's second-quarter profit down by 60%, although results narrowly beat Wall Street's expectations. Shares rose... 

Newmont misses profit estimates on mining disruptions, higher costs

Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world's largest gold miner down on Thursday. Since early June, Newmont's operations at... 

Energy transition faces metals gap unless investment rises, report finds

 Rapid demand growth as a result of the energy transition could lead to a shortage of several metals in the next decade unless investment is increased, a global group of energy producers, consumers... 

Implats wins RBPlat bid battle as Northam sells stake

Impala Platinum (Implats) has won a protracted battle for control of miner Royal Bafokeng Platinum (RBPlat) after bid rival Northam Platinum sold its stake. Johannesburg-based Implats tabled an... 

Copper miners squeezed by lower prices, higher labour costs

Major North American copper miners are likely to report a fall in second-quarter profits, as global growth concerns dented realised prices for the red metal and labour costs remained high.... 

Mali gold mining revenue rose by 35% in 2022

State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on... 

EU courts further controversy by adding mining to green rulebook

The European Union will include the mining of critical raw materials in its green investment rulebook as a “priority” to ensure the bloc isn’t left behind on resources needed to boost clean... 

Vale grows iron-ore output by 6%, sales lag

 Brazilian miner Vale posted 6.3% growth in second-quarter iron ore production while sales lagged, the company announced in a securities filing on Tuesday. Vale said it mined 78.7-million metric... 

No more plundering: Can Africa take control in green mineral rush?

From Zimbabwe's lithium-rich rocks to the Democratic Republic of Congo's cobalt, minerals critical for clean energy technologies are increasingly in demand from Africa's trade partners as part of... 

Polish court overturns decision to suspend permit for Turow mine

A Polish court on Tuesday overturned a ruling that work at the Turow lignite mine should be halted on environmental grounds, in a boost for the government which had vowed to keep it open. In June,... 

Indonesia hikes export taxes for copper, zinc and iron - finmin

 Indonesia's export tax rates for copper concentrate will rise to a range of 5% to 10%, according to a new regulation, as the government tries to push miners to process metals at home rather than... 

China's CMOC agrees to pay Congo's Gecamines $800m to end spat

China's CMOC Group has reached an agreement with Congo State mining firm Gécamines and will pay $800-million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, it said... 

B2Gold hunting for more assets after Sabina Gold deal

B2Gold said it would consider further opportunities to acquire gold assets to accelerate growth even after its recent purchase of Sabina Gold, which gave it its first project in home country... 

New Mali mining law could boost state, local interest in projects to 35%

Mali's military-led government is in talks with gold miners over proposed changes to its mining law that could see it boost state and private Malian interests in new projects to 35%, from up to... 

London aluminium, zinc on track for best week since January

Aluminium and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies. The dollar... 

Chile miners, facing higher taxes, seek faster permits, lower energy costs

Now that Chile has passed an increase in mining royalties, copper miners are pushing for incentives to keep investing in production of the metal needed for the renewable energy revolution, with... 

Rare earths prices sink to lowest since 2020 as China ramps up supply

Prices for rare earths sank to their lowest since late 2020 this week as soft demand from green energy companies and the automotive sector combined with rising supply from top producer China,... 

BHP, Vale in London court confrontation over Brazil dam damages

Mining giants BHP Group and Vale faced off in a London court on Wednesday over who should accept legal and financial responsibility in a potential 36-billion pound ($44-billion) lawsuit stemming... 

Canada opposes commercial seabed mining without environmental assessment, regulations

 Canada is against commercial seabed mining in international waters without a comprehensive understanding of its environmental impacts and a robust regulatory regime, the federal government said on... 

China rare earths body offers cash rewards for illegal mining tipoffs

The China Rare Earth Industry Association will offer a cash reward for tipoffs on the illegal mining, processing and smuggling of rare earths, the association said on Wechat on Tuesday. The... 

Deep-sea mining: a new gold rush or environmental disaster?

In the depths of the Pacific Ocean between Mexico and Hawaii, trillions of potato-shaped rocks are scattered across the seabed - containing minerals such as nickel, cobalt and manganese vital for... 

Peru copper production up 35% in May

Copper production in Peru rose nearly 35% in May compared to the same month last year, the country's ministry of energy and mines said on Monday, as Peru fights to hold onto its title as the... 

China to act to help disclose mine accidents

China's Ministry of Emergency Management said in a meeting that it would take action to prevent mining accidents being covered up and to crack down on illegal mining, state media said on Monday.... 

Polyus announces $6.3bn share buyback

Russian gold producer Polyus on Monday said its board had approved a share buyback worth up to 579.4-billion roubles ($6.32-billion) that could boost its financial flexibility for future M&A deals... 

Lithium miner Patriot Battery Metals refutes claims in short-seller report

Lithium miner Patriot Battery Metals on Monday refuted the claims made in a short-seller report by Night Market Research, stating that the report's assertions were "factually inaccurate and... 

Barrick CEO wants to search for more copper in Zambia and Congo

Barrick Gold is keen to explore for more copper deposits in Zambia and Democratic Republic of Congo as the miner seeks to expand its presence on the African copperbelt, its CEO said on Friday. The... 

Eramet in talks with European carmakers over Argentina lithium plan - CEO

French mining group Eramet in talks with several European carmakers over commercial agreements that would help the company finance its lithium production project in Argentina, CEO Christel Bories... 

Innovation in EVs seen denting copper demand growth potential

New electric vehicles from Tesla and rivals are being engineered for efficiency in a way that cuts copper content, changes that could limit demand growth for the metal as the next-generation of EVs... 

Indonesia probes possible illegal nickel ore exports to China

 Indonesian officials are investigating whether there have been illegal nickel ore shipments to China, more than three years after Jakarta banned exports of the commodity, its mining minister said... 

Hudbay CEO says company open to acquisition offers at right price

Hudbay Minerals will entertain acquisition offers provided price is right, otherwise companies are "wasting" their time, CEO Peter Kukielski told Reuters in an interview in Toronto. TSX-listed... 

Samarco to double pellet output capacity by Q1 2025, CEO says

Brazilian miner Samarco will invest 1.3-billion reais ($263-million) to double its iron ore pellet output capacity to 18-million metric tons per year by the first quarter of 2025, CEO Rodrigo...