Asia’s coal mavericks chase riches while giant miners scale back

Deep in the rainforests of Indonesia, a group of miners is betting there’s still billions to be made from the world’s dirtiest fossil fuel. Global mining giants have largely retreated from coal... 

China’s massive African mine threatens to upend the iron-ore market

In April 1998, a young geologist and his team set out from the village of Moribadou and trekked for six hours through the Guinea Highlands, a densely forested plateau that spreads across four... 

Rio Tinto CEO Trott steps up push to streamline sprawling miner

Rio Tinto Group’s new boss has told staff that plans to focus the miner’s sprawling corporate structure on its most profitable metals will be a blueprint for a “sharper, simpler” operation, though... 

Anglo sees Chile copper mine returning to full output in 2027

Anglo American’s expects its flagship copper mine in Chile to return to normal output levels in 2027 after grappling with a period of lower quality ore that’s set to constrain production next... 

North American miners sell shares at fastest pace since 2013

Mining companies are selling shares at the fastest clip in a decade, and investors looking for exposure to sharply higher gold prices and in-demand critical minerals can’t get enough. With October... 

Newmont said to eye deal for Barrick’s prized Nevada assets

Newmont is studying a potential deal to gain control of Canadian rival Barrick Mining’s prized Nevada gold assets, people with knowledge of the matter said. Denver-based Newmont has a minority... 

Angola submits bid for Anglo American’s majority De Beers stake

Angola said it has offered to buy Anglo American’s majority stake in De Beers, facing off against other potential suitors including neighboring Botswana. State-owned Angolan gem producer Endiama... 

Saudi Arabia lures Macquarie, Rinehart in courtship of Australia

Saudi Arabia is ramping up efforts to deepen ties with Australia — a country with which it has traditionally done limited business — as the kingdom seeks to capitalise on fresh momentum from deals... 

Mining investor says US must outspend China on critical minerals

A US-backed mining investor warned that Washington must outspend Beijing on critical minerals projects to challenge China’s dominance of global supply chains. Western governments are still moving... 

Australia pitches to be Trump’s fix for China rare earths curbs

Australia’s prime minister is set to pitch his nation’s vast resource holdings as a solution to China’s rare earth curbs at a meeting Monday with President Donald Trump, as the US and other... 

GM, Vale pause battery material plans in Canada on EV pullback

General Motors Co. and a partner have paused the second phase of a cathode factory in Quebec, resulting in the cancellation of a nickel sulfate project by Vale SA. GM agreed in 2022 to buy nickel... 

Cobalt rally risks pushing away battery makers, top miner says

Battery makers will hasten a shift away from cobalt if the metal’s price – boosted by export limits in the Democratic Republic of Congo (DRC) – goes even higher, said an executive at the biggest... 

Codelco plans to speed up automation after copper mine collapse

Codelco, one of the world’s biggest copper producers, is pursing ways to remove more people from its giant mines in Chile after a deadly collapse underscored the dangers of digging deep... 

Zambia’s record copper mining output meets a red-hot market

Zambia is poised for record copper production this year, bolstering its standing as a key global supplier just as prices surge and demand is set to grow. A wave of accidents and disruptions at... 

Lithium Americas analysts sour as US stake sparks 175% rally

It’s almost old hat to the market by now. Take a struggling company, cut a deal with the US government, sealed with the approval of President Donald Trump, sit back and watch the stock take off.... 

Botswana says pulled diamond sale wasn’t an ‘emergency’ auction

Botswana said an unprecedented ad-hoc diamond auction late last month — in which it didn’t sell any gems because the reserve price wasn’t met — wasn’t an “emergency sale.” State trader Okavango... 

Trump approves road project in Alaska, stake in Trilogy Metals

President Donald Trump reversed a Biden administration decision blocking the construction of the Ambler Road project in Alaska, in a move he said would open up critical energy and mining projects.... 

Peru’s large miners fear their exploration rights are at risk

Peru’s large miners are getting increasingly worried lawmakers may tamper with rules around mineral rights as congress prepares to discuss a proposed law favouring small-scale operators. Peru, the... 

Congo court ruling risks snarling Trump’s critical mineral goals

A Congolese firm under US sanctions won a court ruling that may aid its claim to a prized tantalum deposit, potentially complicating Washington’s efforts to shore up supplies of critical minerals.... 

Glencore investors question strategy as copper bonanza eludes miner

Institutional investors in Glencore have grown increasingly frustrated with the commodity giant’s underperformance, with several large shareholders privately voicing their disappointment and... 

ArcelorMittal may get R8.5bn IDC bid for South Africa unit

South Africa’s top development finance institution is working with financial advisers on a possible bid of about R8.5-billion for control of ArcelorMittal’s business in the country, people familiar... 

Diamond sale fails in Botswana as buyers refuse to pay up

Botswana didn’t sell any diamonds in an unprecedented ad-hoc auction as buyers refused to pay high enough prices, as the global industry continues to grapple with one of its deepest-ever crises.... 

Botswana wants to buy De Beers controlling stake by next month, President says

Botswana’s president aims to complete a deal to take a majority stake in De Beers by the end of next month, even as his administration and other potential buyers continue negotiations with the... 

US re-evaluating $2.3bn loan for Nevada lithium mine

The Trump administration is re-evaluating a $2.3-billion loan approved by President Joe Biden for the development of a Nevada lithium deposit, according to people familiar with the matter who asked... 

Mali appeals judge’s order to release detained Barrick staff

Malian prosecutors have appealed a judge’s order to release four Barrick Mining Corp.’s employees on bail, according to people familiar with the matter. Barrick staff, including a regional manager... 

Glencore to meet with Ramokgopa in bid to save smelters

Glencore will meet with the South African government this week to seek ways to prevent smelters that make a key stainless steel ingredient from shedding thousands of jobs as they grapple with... 

US in talks to set up $5bn fund for critical mineral deals

The US is in talks to set up a $5-billion fund to invest in mining, in what would be the government’s most significant foray into dealmaking to boost supplies of critical minerals. The US... 

Anglo American-Teck deal hinges on troubled Chile copper mine

At the heart of one of the mining industry’s most ambitious combinations is a plan to fix a problematic Teck Resources copper mine high in Chile’s Atacama desert, and ultimately to integrate it... 

Nersa apologises for R54bn tariff error

South Africa’s energy regulator apologised for a R54-billion error in calculating electricity tariffs, a mistake that will be passed on to consumers. The National Energy Regulator of South Africa,... 

Trump exempts gold, tungsten and uranium from global tariffs

President Donald Trump moved Friday to exempt graphite, tungsten, uranium, gold bullion and other metals from his country-based tariffs, while subjecting silicone products to the levies. The... 

Zijin Gold said to plan $3bn HK IPO in world’s biggest listing since CATL

China’s Zijin Mining Group is planning to take its international gold-mining unit public in Hong Kong in an initial public offering that may fetch more than $3-billion, according to people familiar... 

Goldman Sachs says gold could surge if Fed’s credibility damaged

Gold could rally to almost $5 000/oz if the Federal Reserve’s credibility were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc.... 

Peabody expects big jump in US coal demand in Trump era

Swelling US demand for electricity has the potential to boost coal consumption as much as 57%, according to mining giant Peabody Energy, in what would be a major shift for an industry that’s been... 

Australia backs coal mine extension, stoking climate backlash

The Australian government approved an extension to a Glencore thermal coal mine, sparking renewed concerns from environmental groups about the country’s efforts to tackle climate change.... 

Lab-grown gems are robbing Botswana of its diamond riches

Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to... 

Tariffs turn aluminium maker Rio Tinto into buyer in US market

Rio Tinto, one of the world’s largest aluminum producers, runs a refinery and five smelters in Canada’s Quebec province, with most of the metal flowing south to the US market. Now, with President... 

Top gold miner Newmont plans job cuts in sweeping cost drive

Newmont, the world’s largest gold miner, is studying plans to drive down costs that could lead to deep job cuts, following its $15-billion acquisition of Newcrest Mining in 2023. The company’s... 

South Africa set to open first underground gold mine in 15 years

South Africa is set to open its first new underground gold mine in 15 years – an increasingly rare event for a country that was once the world’s largest producer of the precious metal. West Wits... 

Mining tycoon Rinehart joins push against costs of net zero

Mining tycoon Gina Rinehart, Australia’s richest person, has urged the country to ditch its pursuit of net zero emissions, insisting the costs of climate action will devastate sectors from... 

Nurol said to eye Alamos’ Türkiye mines stuck in $1bn claim

Türkiye’s Nurol Holding is seeking to buy Alamos Gold Inc.’s local mines in a deal that could bring an end to the Canadian miner’s $1 billion claim against the government for alleged mistreatment....