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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.

By Reuters

Nickel Industries attracts strong interest for its Indonesian supply

9th April 2024

More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries' new Indonesian plant, CEO Justin Werner said on Tuesday, in... 


'Data driven' players help prolong record profits in commodity trading, says McKinsey

8th April 2024

The growing number of "data-driven" players such as hedge funds in the world of commodity trading has helped sustain record levels of profit, even as the volatility that supercharged earnings in... 


EU sees hope for US minerals deal from new forced labour law

8th April 2024

New European Union rules that will ban products made using forced labour have raised the prospect of concluding a deal on critical minerals with the United States, EU trade chief Valdis Dombrovskis... 


Andrew Forrest

Forrest urges China to demand greener nickel, FT reports

8th April 2024

Australian mining magnate Andrew Forrest has called on China to demand higher environmental standards from its global supply chain, particularly its companies conducting nickel processing in... 


Gold bulls eye more record highs despite lightning gains

Gold bulls eye more record highs despite lightning gains

5th April 2024

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The... 


Copper cathode produced in Zambia

Zambia's copper output may rise to one-million tons by 2026 as mines expand

5th April 2024

Zambia's copper output could rise to about one-million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals, Finance Minister... 


Top Trafigura executives retire as new generation steps up

Top Trafigura executives retire as new generation steps up

5th April 2024

Two senior executives at global commodity trader Trafigura will retire this year, the company said on Friday, clearing the way for a new generation of management in the latest reshuffle at the... 


Proxy advisor CGI Glass Lewis recommends Woodside Energy chairman's ouster

5th April 2024

Proxy advisor CGI Glass Lewis has asked shareholders of Australia's Woodside Energy to vote against the re-election of chairman Richard Goyder and against the company's climate strategy at the... 


Sigma Lithium CEO won't sell the company at current lithium prices

Sigma Lithium CEO won't sell the company at current lithium prices

5th April 2024

Sigma Lithium's chief executive won't sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview. The Vancouver-based... 


Rio Tinto's QIT Madagascar mineral sands operation

As Rio Tinto strives for 'impeccable ESG', investors raise water issues

5th April 2024

Rio Tinto faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues, including water and biodiversity, as the company said it was committed to... 


Senegal's newly elected President Bassirou Diomaye Faye

Senegal's new president announces oil, gas and mining sector audit

4th April 2024

Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors... 


African development banks expected to fund Caledonia's new Zimbabwe mine, CEO says

4th April 2024

African development banks are seen as the most likely funders of Caledonia Mining Corporation's planned $250-million gold mine in Zimbabwe, the mining company's CEO Mark Learmonth said on... 


Uganda to launch first domestic tin processing plant next month

4th April 2024

Uganda will commission its first tin refining plant in the southwestern region next month, a senior mining ministry official said, as part of efforts to expand capacity and add value domestically... 


Peru's Congress backs new cabinet after government announces new funding for mining

4th April 2024

LIMA - Lawmakers in Peru voted to support the government's new slate of ministers on Wednesday, just hours after the prime minister promised billions of dollars in new spending, including for... 


China’s coal price slump likely to persist until start of summer

China’s coal price slump likely to persist until start of summer

3rd April 2024

Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners. The country’s benchmark... 


Vale divestment in Indonesian nickel unit expected to finish in July

3rd April 2024

Indonesia's mining minister on Tuesday said divestment of Vale Canada and Sumitomo Metal Mining's shares in their nickel miner unit Vale Indonesia is expected to conclude in July. The transaction... 


The deal will give SQM a foothold in Australia with a stake in Azure's Andover project.

Australia regulator extends approval deadline for SQM-Hancock's $1.bn bid for Azure

3rd April 2024

Australia's Azure Minerals said on Wednesday the country's Foreign Investment Review Board (FIRB) extended a deadline for approving SQM and Hancock Prospecting's A$1.7-billion offer for the lithium... 


Russia confirms deal to buy part of diamond producer Alrosa's output

2nd April 2024

Russia will regularly buy diamonds from sanctions-hit producer Alrosa ALRS.MM through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia's... 


Nornickel says financial stability is priority, not dividends

2nd April 2024

Russian metals producer Nornickel, said on Friday that the financial stability of the company was more important then dividends but shareholders had the final say on the matter. Dividends are a... 


Vale Indonesia targets 2024 output of about 70 800 metric tons nickel in matte

2nd April 2024

ickel miner PT Vale Indonesia is aiming for output this year of about 70 800 metric tons of nickel in matte, an official said on Monday, a similar volume to the 70 728 metric tons produced in... 


Canada's mild winter disrupts key ice road to remote Arctic diamond mines

Canada's mild winter disrupts key ice road to remote Arctic diamond mines

2nd April 2024

An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines, and De Beers to... 


Nigeria to grant mining licences only to companies that process locally

28th March 2024

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 


A 2023 photo from the Gresik smelter project. The smelter will not be operating at full capacity until June.

Freeport warns copper export ban could cost Indonesia $2bn in lost revenue

28th March 2024

Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2-billion in revenues for Jakarta, a company... 


China smelters plan output cuts, no Q2 copper guidance price, sources say

28th March 2024

China's top copper smelters have proposed a production cut of 5% to 10% and decided not to issue guidance prices for copper processing charges for the second quarter, two sources with knowledge of... 


Peruvian miner Buenaventura adds two board members from Chile's Antofagasta

28th March 2024

Peru's Buenaventura, one of the country's largest miners of precious metals, on Wednesday said it added two executives from Chile's Antofagasta to its board of directors following a partnership... 


Chile needs to finalise more lithium plan details to spur investment, miners say

Chile needs to finalise more lithium plan details to spur investment, miners say

28th March 2024

The Chilean government's new plan to usher in private investment at a number of the country's lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining... 


Innovation Minister Francois-Philippe Champagne

Canada introduces tougher security reviews of foreign investments

28th March 2024

Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on... 


Indonesian miner Amman asks for copper export ban delay

27th March 2024

Indonesian copper miner PT Amman Mineral Internasional is in negotiations with the government to allow it to continue exporting copper concentrate beyond May 31, its chief executive said on... 


China coal industry group says output at accident-hit mining hubs back to normal

China coal industry group says output at accident-hit mining hubs back to normal

27th March 2024

Coal mining output at accident-hit mining districts of Shaanxi and Inner Mongolia in China's north have returned to normal, a major coal industry group said on Wednesday. A recent spike in coal... 


Most rescue efforts suspended at Russian gold mine due to collapse risk -TASS

27th March 2024

Most rescue efforts have been suspended at a gold mine in Russia's far east, where 13 miners were trapped by a rock fall on March 18, due to the risk of another collapse, state news agency TASS... 


Chile opens lithium salt flats for investment, saves two for state control

Chile opens lithium salt flats for investment, saves two for state control

27th March 2024

Chile's government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in... 


Chile lithium miner SQM spars with China partner over Codelco deal

26th March 2024

Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's... 


Newmont’s Akyem Ghana gold mine draws Chinese interest

24th March 2024

Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with... 


A brine pool at SQM's operations in Chile

Tianqi seeks shareholder voting power in Chile's SQM-Codelco lithium deal

24th March 2024

China's Tianqi Lithium Corp on Friday urged Chile's SQM to hold a shareholders vote over a lithium deal under discussion with State-run copper miner Codelco, and criticized a lack of clarity in the... 


Human rights court orders Peru to pay damages to Peru mining town

24th March 2024

The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and... 


The Cobre Panama mine

Fortescue eyes developing its copper assets, not looking at Cobre Panama

24th March 2024

Australia's Fortescue, the world's fourth-largest iron-ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairperson told Reuters... 


The Tenke Fungurume mine in the DRC

Congo overtakes Peru on copper output, still behind on exports

24th March 2024

The Democratic Republic of the Congo overtook Peru as the world's second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations... 


One of Boliden's mines in Sweden

Boliden sees $48m hit to Q1 profit from strike in Finland

22nd March 2024

Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million... 


The Illawarra coal operations

M Resources, GEAR plan funding round after $1.65bn coal mine buy, source says

22nd March 2024

Australian coal trader M Resources and Singapore's GEAR plan a funding round after their $1.65-billion purchase of South32's Illawarra metallurgical coal operations, a source familiar with the... 


Glencore's head office

More investors push Glencore to keep coal post Teck deal

22nd March 2024

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the... 


The Pebble project in Alaska

Alaska's governor calls on Biden to update mine permit process

21st March 2024

Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the US mine permitting process in order to boost domestic production of critical minerals and... 


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