R/€ = 18.34 Change: 0.09
R/$ = 15.15 Change: 0.00
Au 1850.20 $/oz Change: -12.54
Pt 1099.14 $/oz Change: -10.75


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.

Trump moves to loosen mining regulations, approve projects as he exits

8th January 2021 Outgoing US President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of... 

Glencore in final-stage talks over Mopani stake sale to Zambia

8th January 2021 Glencore said on Friday it was in final-stage negotiations over a potential sale of its majority stake in Mopani Copper Mines to Zambia's mining investment arm ZCCM-IH. Zambian state radio ZNBC earlier reported the government had concluded talks with Glencore, citing President Edgar Lungu. 

In blow to Vedanta, Zambian court rules KCM liquidator to stay in post

7th January 2021 A Zambian court has ruled the State-appointed liquidator of Vedanta's Konkola Copper Mines will not be discharged despite a November ruling ordering a halt to proceedings to allow Vedanta and minority KCM shareholder ZCCM-IH to pursue arbitration. The ruling is a blow to Vedanta, which has been... 

Brazil state eyes at least $5.3bn Vale deal after dam burst, official says

7th January 2021 The Brazilian state of Minas Gerais is hoping to win at least 28-billion reais ($5.3-billion) from a compensation deal with miner Vale after the 2019 Brumadinho deadly dam burst, a senior state official said on Wednesday. State and Vale officials will meet on Thursday, when it is expected talks... 

China approves 6 coal mines in Xinjiang

6th January 2021 China's energy administration approved six coal mining projects in the northwestern region of Xinjiang with a combined production capacity of 15.3 million tonnes per annum. The projects involved a total investment of 8 billion yuan ($1.24 billion), according to statements from the energy... 

R&B star Akon enters Congo mining sector in JV with State company

6th January 2021 A company led by American-Senegalese R&B singer Akon has signed a deal to finance a copper and cobalt mine in the Democratic Republic of Congo in a joint venture with a State miner, according to a contract published by the mines ministry. The Grammy-nominated singer, known for hit songs like... 

Chile's Codelco board approves $1.383 billion overhaul of Salvador mine

6th January 2021 The board of Chile's state-owned copper miner, Codelco, has approved a budget of $1.383-billion for the overhaul of its aging Salvador mine, the company said in a statement on Tuesday. Construction for the Rajo Inca project that will convert Salvador from an underground mine to an open-cast one... 

British Columbia post-holiday Covid restrictions slow several industrial projects

6th January 2021 Restrictions imposed by British Columbia to fight the spread of Covid-19 infections after the holiday break have disrupted work at construction sites of a Rio Tinto hydropower project and BC Hydro's Site C dam. A total of five major industrial projects in remote northwestern Canada have been... 

What's next for Rio Tinto's Arizona copper project after US land swap

6th January 2021 US President Donald Trump's outgoing administration plans to approve a land swap on January 15 that Rio Tinto Ltd and partners need to build a copper mine in Arizona, clearing a long-time hurdle for the project that is opposed by many Native Americans. Developers will continue their effort to... 

Hedge funds raise mining shorts as Covid vaccines seen tamping gold gains

5th January 2021 Hedge funds increased bets against major gold miners, filings reviewed by Reuters showed, as Covid-19 vaccines weakened expectations for the yellow metal after a year of record gains. Gold prices have dipped from last year's record highs above $2,000 per ounce as vaccines deployed against the... 


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