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By Reuters

Codelco copper production up 10% in August

11th October 2024

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

11th October 2024

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 Jonathan Price

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

10th October 2024

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... 


The Unki concentrator plant in Zimbabwe

Zimbabwean miners expect profits to fall in 2025, report says

10th October 2024

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

Ranking the world's top lithium producers

9th October 2024

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

9th October 2024

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

9th October 2024

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... 


Jose Fernandez

China is oversupplying lithium to eliminate rivals, US official says

8th October 2024

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

8th October 2024

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

8th October 2024

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

7th October 2024

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 loses appeal against dismissal of LME nickel lawsuit

7th October 2024

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

7th October 2024

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 junta leader Captain Ibrahim Traore

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

7th October 2024

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... 


An illegal gold mining operation in Ghana

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

7th October 2024

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... 


By buying Arcadium, Rio would gain access to lithium mines, processing facilities and deposits in Argentina, Australia, Canada and the US.

Rio Tinto looks to snap up Arcadium before lithium prices recover

7th October 2024

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

4th October 2024

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

4th October 2024

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 CEO Duncan Wanblad

Anglo American not a sitting duck after breakup, CEO says

4th October 2024

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... 


A lithium mine in Zimbabwe

Zimbabwe softens stance on local lithium processing after price collapse

3rd October 2024

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 plans to exit Hunter Valley hydrogen hub

3rd October 2024

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

3rd October 2024

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 CEO Gustavo Pimenta

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

3rd October 2024

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

2nd October 2024

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

Eros Resources to merge with Canadian mining rivals

2nd October 2024

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... 


Uganda President Yoweri Museveni

Uganda sets up State-owned firm to take stakes in mining operations

2nd October 2024

Uganda has formed a State-owned mining company to manage the government's equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining... 


Copper producer Aurubis to shun takeovers, rebuild trust, new CEO says

2nd October 2024

Europe's biggest copper producer Aurubis will shun takeovers and focus on internal projects for the next two years as it seeks to rebuild the trust of its stakeholders after a turbulent period,... 


A forklift carrying bags of lithium concentrate

Miner Sinomine decries tough Zimbabwe conditions amid lithium price slump

2nd October 2024

Zimbabwe's poor infrastructure and policy inconsistencies are worsening the impact of depressed lithium prices on producers of the material mainly used in battery technologies, a Zimbabwean unit of... 


Paladin gets security review notice from Canada on Fission Uranium deal

Paladin gets security review notice from Canada on Fission Uranium deal

2nd October 2024

Australia's Paladin Energy said it has received a notice from a Canadian ministry ordering a national security review of its acquisition of Canadian uranium explorer Fission Uranium for... 


A mine near the town of Rubaya in the DRC

UN says Congo rebels generating $300 000 monthly in seized mining area

1st October 2024

Rebels in eastern Democratic Republic of Congo (DRC) have consolidated control over the Rubaya coltan mining region, imposing a production tax estimated to generate around $300 000 in monthly... 


Ore stockpiles at Loulo-Gounkoto in Mali

Barrick Gold and Mali government to find resolution for Loulo, Gounkoto gold mines

1st October 2024

Barrick Gold Corp and the Mali government have decided to find a resolution to existing claims and disputes over the Loulo and Gounkoto gold mines in the West African country, the company said on... 


Copper output at Freeport's Manyar smelter delayed until November

1st October 2024

Copper production at Freeport-McMoRan's new giant Manyar smelter in Indonesia will be delayed until November due to water and steam leakage during an initial test period, two sources with knowledge... 


Savannah Resources delays start of Portuguese lithium production to 2027

Savannah Resources delays start of Portuguese lithium production to 2027

1st October 2024

ondon-based Savannah Resources has delayed the expected start date for production of its lithium project in northern Portugal to 2027, it said on Monday, blaming changes in government. The... 


Goldman Sachs raises gold price forecast to $2 900/oz for early 2025

Goldman Sachs raises gold price forecast to $2 900/oz for early 2025

30th September 2024

Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central... 


Codelco chairperson Maximo Pacheco

Codelco plans to inject almost $6bn into projects next year

30th September 2024

Chile's Codelco is planning to invest nearly $6-billion next year in its pipeline of projects, about $1-billion more than the state-owned mining giant had previously estimated, its chairman Maximo... 


Copper takes top spot again as best prospect at LME seminar

30th September 2024

Copper was the sweeping choice for the industrial metal with the best outlook for higher prices, attendees at a London Metal Exchange (LME) event said on Monday. Copper got 46% of votes in an... 


India, US likely to sign pact on critical minerals, sources say

30th September 2024

India and the United States are likely to sign an initial pact for cooperation on critical minerals this week, two government sources said, as the two countries try to bolster trade ties despite... 


Coal producer JSW not interested in taking over any PGG deposits

30th September 2024

Poland's biggest coking coal producer JSW is currently not interested in taking over any mining deposits from Polska Grupa Gornicza, said Adam Rozmus, the company's vice-president for technical... 


Jonathan Price

Teck CEO says to remain focused on organic growth

30th September 2024

Canadian miner Teck Resources will focus on organic growth as there is a risk of paying too high a premium for takeovers, its CEO said on Monday. CEO Jonathan Price said the company is developing... 


Iron-ore soars to near three-month high on China's fresh property stimulus

30th September 2024

Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the back of top consumer China's latest property stimulus and a raft of monetary easing... 


Gold refining

Tanzania orders gold dealers to reserve 20% for purchase by central bank

30th September 2024

Tanzania's mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank's move to diversify... 


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