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BlackRock says buy metals companies if you care about the climate

BlackRock says buy metals companies if you care about the climate

30th October 2023

Investors are missing a big opportunity to profit from the energy transition because they have an outdated view of the metals and mining industry, according to one of the sector’s most influential... 


Exxon sees 'promising' future for lithium in Arkansas, CEO says

30th October 2023

Exxon Mobil has never talked specifically about its lithium plans, because they’re still in very early stages. But CEO Darren Woods is now sharing a few early details, after analysts raised the... 


Panama calls referendum on First Quantum copper mine contract

Panama calls referendum on First Quantum copper mine contract

30th October 2023

Panama will hold a referendum on whether to revoke the controversial contract awarded to Canadian copper miner First Quantum Minerals, as the government tries to calm mass unrest triggered by the... 


EU Vice President Valdis Dombrovskis

US demands are why mineral deal with EU failed, Dombrovskis says

30th October 2023

The US and European Union were unable to reach an agreement recently on critical minerals because the US made extra requests beyond those in a deal that Japan and Washington signed earlier this... 


Hedge funds pile into uranium stocks poised for ‘dramatic’ gains

Hedge funds pile into uranium stocks poised for ‘dramatic’ gains

30th October 2023

Several hedge fund managers have started ratcheting up their exposure to uranium stocks, as they bet on significant price gains. Terra Capital’s Matthew Langsford, Segra Capital’s Arthur Hyde and... 


Burkina Faso targets bigger royalties as gold production drops

29th October 2023

Burkina Faso has revised its mining code to enable it to take more in royalties in boom times after gold production fell. The West African nation increased the minimum royalty rate for spot price... 


The world’s iron-ore powerhouse is preparing to reinvent itself

The world’s iron-ore powerhouse is preparing to reinvent itself

29th October 2023

Vast heaps of crushed brown rock hem the Indian Ocean at Western Australia’s Parker Point port — each a stockpile of 200,000 tons of iron-ore, ready to be poured into a procession of bulk carriers... 


Gold hits $2 000 as Israel-Hamas clash raises safe-haven allure

Gold hits $2 000 as Israel-Hamas clash raises safe-haven allure

28th October 2023

Gold rose to $2 000 an ounce for the first time since May as concerns over conflict in the Middle East outweigh the impact of high bond yields. Israeli forces are expanding their activity in the... 


Copycat Chinese lithium firms back Nigerian processing plant

27th October 2023

Nigeria’s first lithium-processing plant launched to great fanfare this month with the backing of three companies that, at first glance, look a lot like heavyweights of China’s battery-metals... 


Global EV battery supply chain puzzles over China graphite curbs

27th October 2023

Beijing's move to restrict graphite exports will have a disproportionate impact on foreign makers of electric vehicle battery components who have not yet shifted to using as much synthetic material... 


Vale unveils $4bn in dividends, buyback programme to reward investors

Vale unveils $4bn in dividends, buyback programme to reward investors

27th October 2023

Vale said it will reward investors with payouts and a new share buyback program as the Brazilian iron-ore and nickel giant vies to appease shareholders concerned by softening Chinese demand. The... 


Panama’s top court to consider lawsuit against First Quantum

Panama’s top court to consider lawsuit against First Quantum

26th October 2023

Panama’s Supreme Court will consider a lawsuit which alleges that the nation’s contract with copper miner First Quantum Minerals violates the constitution. The court said in a statement that it... 


Trafigura denies knowing that nickel deals with Gupa were fake

26th October 2023

Trafigura Group denied that it or any of its employees were aware that deals with businessman Prateek Gupta involved anything other than nickel, in the latest salvo in a fraud case that has rocked... 


Australian Prime Minister Anthony Albanese visited Washington and met with President Joe Biden this week.

US, Australia consider tapping public finance vehicles for critical mineral projects

26th October 2023

The US Export-Import Bank is being eyed as a venue for boosting investment in Australian critical minerals development to supply components needed in electric vehicles, wind turbines and other... 


Teck shares are back where they started before Glencore offer

26th October 2023

Teck Resources has come full circle: After a tumultuous seven months kicked off by an unsolicited takeover offer from Glencore Plc that sent the Canadian firm’s stock soaring, its shares are now... 


Dispute over Congo lithium heats up with dueling claims

26th October 2023

A long-running dispute over one of the world’s largest hard-rock lithium deposits in the Democratic Republic of Congo took a new turn with China’s Zijin Mining Group Co. announcing a venture to... 


Teck’s copper mine cost blowout shows challenges facing industry

Teck’s copper mine cost blowout shows challenges facing industry

25th October 2023

Rising costs to build Teck Resources’ flagship copper project in Chile shows how the mining industry is struggling to expand supply on budget and on time when the world faces a looming shortage of... 


Hedge fund hunts for next Australia lithium winner on deal craze

25th October 2023

A veteran Australian hedge fund manager is scoping out shares of potential takeover targets in the domestic lithium sector, betting that the recent flurry of deals will boost valuations. A mergers... 


Gold One's Modder East mine

Unions free some miners held underground at Gold One's Modder East mine

25th October 2023

Hundreds of workers at Gold One International’s Modder East mine returned to the surface after being held underground for two nights amid an impasse between rival labor unions. At least 200 of the... 


An Eskom logo

Top bond investor slams South Africa bid to fix State firms

24th October 2023

Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at... 


Nervous time to be a big power consumer in Australia, BHP says

Nervous time to be a big power consumer in Australia, BHP says

24th October 2023

Australia’s accelerating shift from coal-fired power to clean energy is stoking volatility in its power markets and raising concerns for large businesses, according to BHP Group, the country’s most... 


An offshore oil rig

Global oil demand to reach its peak this decade, IEA says

24th October 2023

Global demand for oil will reach its peak this decade, the International Energy Agency predicted for the first time, amid growing popularity of electric cars and the cooling of China’s economy. The... 


Labour dispute keeps 540 Gold One miners stuck underground

23rd October 2023

About 540 workers at Gold One International’s Modder East mine have been prevented from returning to the surface by labour-union members after a dispute over recognition, according to a company... 


Copper drops to lowest since November as demand outlook darkens

Copper drops to lowest since November as demand outlook darkens

23rd October 2023

Copper tumbled to the lowest in nearly eleven months, offering fresh evidence that soaring borrowing costs and slower spending are beginning to bite in all corners of the industrial economy.... 


China detained local employee of Japanese metals firm, Nikkei reports

China detained local employee of Japanese metals firm, Nikkei reports

23rd October 2023

The Chinese government detained a local employee of a Japanese metals trading company in March, the Nikkei newspaper reported Sunday, citing unidentified people familiar with relations between the... 


Zimbabwe’s biggest diamond miner shifts sales to Dubai auctions

20th October 2023

Zimbabwe’s biggest diamond producer has shifted almost all of its sales to Dubai, targeting cutters, polishers and traders and eliminating middlemen. Zimbabwe Consolidated Diamond Co. has auctioned... 


Quinton Van der Burgh

South Africa’s QGC secures $1bn for push into green metals

20th October 2023

Q Global Commodities, owned and run by South African coal investor Quinton Van der Burgh, has agreed a partnership with Abu Dhabi’s F9 Capital Management to invest $1-billion in mines producing... 


Vale taps former investor relations head Fadel as CEO of Bionow

20th October 2023

Vale, the world’s second-biggest iron-ore supplier, picked its former investor relations head Ivan Fadel as CEO for a new business that aims to make cleaner fuel for steelmaking, according to a... 


Deutsche Bank places new restrictions on financing of coal

Deutsche Bank places new restrictions on financing of coal

20th October 2023

Deutsche Bank is expanding restrictions on its financing of coal, one of the main sources of energy in its home market of Germany, as part of a wider crackdown on high-emitting sectors. Companies... 


Rio Tinto's iron-ore trains

Challenge for world’s biggest robot trains is going electric

20th October 2023

Rio Tinto Group is preparing for trials of battery-powered locomotives in Australia, where it uses giant autonomous trains – the world’s largest and longest robots – to transport iron-ore across... 


Freeport-McMoRan to slow expansions amid inflation, weak copper prices

Freeport-McMoRan to slow expansions amid inflation, weak copper prices

20th October 2023

Copper miner Freeport-McMoRan posted a better-than-expected third-quarter profit on Thursday, but said it would slow expansion plans due to inflation and slumping prices for the red metal used... 


NexGen's Rook I development in Canada

NexGen aims to be Canadian uranium player

20th October 2023

Canada’s NexGen Energy is looking to Australia’s equity market as it sets up financing for its first-ever uranium mine back home, a project with a $1-billion price tag. That’s partly because its... 


Brazil's Batista brothers to invest $1bn to boost iron-ore mines

Brazil's Batista brothers to invest $1bn to boost iron-ore mines

19th October 2023

The billionaire Batista brothers behind Brazilian beef giant JBS are preparing to invest more than $1-billion to expand production at mines they acquired last year from Vale. J&F Investimentos,... 


Alcoa takes $6m charge after layoffs at Australia plant

19th October 2023

Alcoa, the largest US aluminum producer, announced taking a charge of $6-million related to layoffs at a plant in Australia that makes one of the main feedstocks that goes into the metal it... 


South Africa mulls Dutch, Danish entry to $8.5bn climate pact

18th October 2023

South Africa’s Cabinet will consider a proposal on whether to include the Netherlands and Denmark in its landmark $8.5 billion climate-finance pact with some of the world’s richest nations.... 


Vale creates company to sell sand from iron-ore tailings

17th October 2023

Brazilian miner Vale aid on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in... 


China’s lithium-triangle inroads show US challenges in EV race

China’s lithium-triangle inroads show US challenges in EV race

17th October 2023

China’s latest investments in South America’s lithium triangle show the challenges for US efforts to counter the dominance of the world’s second-largest economy in key parts of battery metal supply... 


TFR transporting coal to port

Ramaphosa rules out privatisating State companies

17th October 2023

President Cyril Ramaphosa reiterated that his administration wasn’t moving to privatize state-owned companies as the government initiates reforms to clean up their balance sheets and revive their... 


A train operated by Transnet Freight Rail

Embattled Transnet seeks South Africa’s support to turnaround

16th October 2023

South Africa’s embattled State-owned freight-rail and ports company identified areas that require immediate state support in a turnaround plan that is being submitted to the government. Transnet's... 


The Reko Diq project is capable of producing 200 000 t of copper and 250 000 oz of gold a year for more than half a century.

Gold billionaire Sawiris eyes stake in $7bn Reko Diq mine

16th October 2023

Egyptian billionaire Naguib Sawiris, who has forged a fortune in telecom and gold, is eyeing an investment in Barrick Gold's $7-billion Reko Diq copper/gold project as he looks to expand his... 


China’s commodities imports stay buoyant as economy revives

13th October 2023

Chinese commodities imports remained buoyant in September as the economy showed some signs of recovery and traders pinned their hopes on further stimulus from Beijing. Construction and factory... 


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