After Nevada lithium deal, GM eyes other sources for EV minerals supply

General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly... 

Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil... 

Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three people familiar with the details... 

Antofagasta's Q3 copper output jumps 15% sequentially on destocking

Chilean miner Antofagasta reported a 15% rise in third-quarter copper output on Wednesday, compared with the previous three-month period, due to destocking of inventories at its Los Pelambres mine... 

Eramet cuts targets for Gabon and Indonesia mines on market, permit setbacks

France's Eramet  on Tuesday cut sharply its 2024 production targets for its manganese mine in Gabon and nickel mine in Indonesia, citing a downturn in the manganese market and a... 

Vale posts highest quarterly iron-ore output since 2018

Brazilian miner Vale reported on Tuesday a 5.5% increase in its third-quarter iron-ore production compared to a year earlier, reaching the highest level in almost six years. The company, one of... 

Gold industry sees prices rising to $2 941/oz over 12 months

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 

Kazatomprom strikes large uranium sale deal with Chinese buyers

Kazakhstan-based Kazatomprom, the world's largest uranium miner, has reached an agreement with CNNC Overseas and China National Uranium Corporation on the sale of natural uranium concentrates, it... 

Freeport Indonesia says it halts copper cathode output at Manyar after fire

Freeport Indonesia has halted copper cathode production at its Manyar smelter after a fire on Monday, the company's chief executive said in an interview with Kompas TV on Tuesday. The fire... 

Central banks remain keen buyers of gold, representatives tell bullion conference

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual... 

China will launch platinum, palladium futures in Q1, producers' council says

The Guangzhou Futures Exchange (GFEX) is expected to launch its first platinum and palladium futures contracts in China in the first quarter of 2025, Weibin Deng, head of Asia Pacific at the World... 

Iron-ore drops with leading miners to deliver production reports

Iron-ore fell as investors’ attention shifted from China’s plans for stimulus and the outlook for demand to prospects for global supplies, with a procession of leading miners due to deliver... 

Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal

Sibanye Stillwater is facing a $522-million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2-billion deal to buy Appian's Brazilian nickel and copper... 

Mosaic says fertilizer waste facility's water entered Tampa Bay after Hurricane Milton

Mosaic said on Friday that water supporting the chemical company's storage of a waste byproduct from fertilizer manufacturing in Florida probably made its way into Tampa Bay following a downpour... 

Savannah CEO sees lithium price rebound by start of Portugal project

London-based Savannah Resources expects the price of lithium to rebound by 2027, when it hopes to start commercial production at its mining project in Portugal, CEO Emanuel Proenca said on Friday.... 

Codelco copper production up 10% in August

Chilean state miner Codelco produced 10.1% more copper in August compared to a year earlier, the Andean country's Cochilco copper commission said on Thursday, producing 125 300 t while other major... 

Twelve people trapped deep underground at Colorado mine are rescued after 6 hours

Twelve people were trapped 300 m underground in a former Colorado gold mine for about six hours on Thursday before a malfunctioning elevator was repaired, enabling them to safely return to the... 

Teck CEO urges West to invest more in critical minerals to counter China's heft

Western nations should make ambitious investments in critical minerals to close the gap with China, which remains aggressive in consolidating its dominance in this space, Jonathan Price, CEO of... 

Zimbabwean miners expect profits to fall in 2025, report says

Zimbabwean miners expect profits to decline on the back of anticipated high costs of production and a weak outlook for platinum and lithium in 2025, according to a report. A confluence of global... 

Ranking the world's top lithium producers

Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7-billion in an all-cash deal that would make it one of the world's largest lithium producers. The global miner would gain... 

Mali says Barrick Gold owes $500m in taxes, fines - sources

Mali's military government is seeking at least 300-billion CFA ($512-million) in outstanding taxes and dividends from Barrick Gold, three sources said, a move that is part of a push by the country... 

Vale swaps head of iron-ore business

Brazilian miner Vale on Tuesday swapped out its head of iron-ore solutions, the first major change in leadership since CEO Gustavo Pimenta started in his role earlier this month. Vale's current... 

China is oversupplying lithium to eliminate rivals, US official says

Chinese lithium producers are flooding the global market with the critical metal and causing a "predatory" price drop as they seek to eliminate competing projects, a senior US official said on a... 

Ten dead, five injured after Zambia mine collapses

Rescue efforts were under way after a mine pit collapsed in Zambia's Mumbwa District, killing ten people and injuring five, police said on Monday. "An unknown number of people went to conduct... 

US rules on conflict minerals have not reduced violence in Congo, GAO says

A US congressional watchdog has found no evidence that a 2012 Securities and Exchange Commission (SEC) conflict minerals disclosure rule has reduced violence in Democratic Republic of Congo, it... 

Copper demand for electric vehicles is intact, trader IXM says

The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving,... 

Hedge fund Elliott loses appeal against dismissal of LME nickel lawsuit

Hedge fund Elliott Associates on Monday lost an appeal against the dismissal of its lawsuit against the London Metal Exchange over billions of dollars of cancelled nickel trades, which judges said... 

Chevron to sell assets worth $6.5bn to Canadian Natural Resources

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5-billion, the oil giant said on Monday as it puts in motion its divestiture plan. The... 

Burkina Faso plans to withdraw some mining permits, junta leader says

Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, without specifying which... 

Ghana's wildcat gold mining booms, poisoning people and nature

At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as... 

Rio Tinto looks to snap up Arcadium before lithium prices recover

Rio Tinto is in talks to buy lithium producer Arcadium Lithium, both companies confirmed on Monday, with the global miner pouncing following a slump in prices for the ultralight metal essential to... 

Tellurian shareholders back proposed $1.2bn Woodside deal

Tellurian shareholders have voted in favor of the US LNG developer's proposed $1.2-billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose... 

India, US sign pact to cooperate on critical battery mineral supply chains

Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo signed an agreement on Thursday to cooperate on strengthening supply chains in the two countries for lithium, cobalt and... 

Anglo American not a sitting duck after breakup, CEO says

Anglo American will not be an "inevitable" takeover target after its unbundles its diamond, platinum, nickel and coal assets, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring... 

Zimbabwe softens stance on local lithium processing after price collapse

Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past... 

Australia's Origin Energy plans to exit Hunter Valley hydrogen hub

Australia's Origin Energy said on Thursday it intends to exit its potential hydrogen development project in the A$207.6-million Hunter Valley Hydrogen Hub (HVHH), located in New South Wales. The... 

Brazilian state to host COP30 climate summit defends gold mining rules

The Brazilian state of Pará, which will host the COP30 global climate talks next year in the Amazon, is defending local regulations that encourage illegal gold mining, according to documents in... 

Vale's new boss pledges to grow copper output after falling behind rivals

Brazilian miner Vale aims to boost its copper production, the company's new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal. Vale is a... 

Firms substituting cheaper aluminium for copper, trend growing

Some companies in Asia and Europe are starting to substitute cheaper aluminium wire for copper and the trend is due to gain momentum as copper prices are expected to see further gains, consultancy... 

Eros Resources to merge with Canadian mining rivals

Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on...