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By Reuters

BYD in talks with Brazil's Sigma Lithium on supply deal - FT

15th January 2024

Chinese electric car-maker BYD has held talks with Brazil's Sigma Lithium over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday. BYD met Sigma CEO... 


Indonesia targets 710Mt coal output in 2024 after record 2023

15th January 2024

Indonesia, a major thermal coal exporter, aims to produce 710-million metric tons of coal in 2024, the Mining Minister said on Monday, after posting record output last year. Indonesia's coal... 


Codelco reaches deal with supervisers union at Chuquicamata copper mine

Codelco reaches deal with supervisers union at Chuquicamata copper mine

12th January 2024

Chile's State-owned Codelco, the world's largest copper producer, said on Friday it had reached an agreement on a new contract with the union representing supervisors in its Chuquicamata division.... 


Kazatomprom may cut uranium production plan

12th January 2024

he world's largest uranium producer, Kazakhstan's Kazatomprom, said on Friday it may cut its 2024 production plan due to difficulties with the availability of sulfuric acid needed for uranium... 


China's 2023 iron-ore imports hit a record high on rising demand

China's 2023 iron-ore imports hit a record high on rising demand

12th January 2024

China's iron-ore imports in 2023 hit a record high, up 6.6% from a year before, customs data showed on Friday, thanks to stronger demand amid a lack of government-mandated steel output caps and... 


China's imports of Mongolian coal set to rise as transport improves

12th January 2024

China's imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies,... 


China's rare earth exports rise on demand from EV, high-tech sectors

12th January 2024

China's exports of rare earths in 2023 rose 7.3% from the prior year, customs data showed on Friday, boosted by competitive prices and growing overseas demand from electric vehicle makers and other... 


Ferrexpo reports 33% slump in annual iron-ore pellet production

11th January 2024

Ferrexpo reported a 33% slump in annual production of iron-ore pellets on Thursday as the Ukraine-focused miner waded through a second year of disruptions caused by the Russian invasion. The... 


First Quantum's shut Panama copper mine to present initial preservation plan

First Quantum's shut Panama copper mine to present initial preservation plan

11th January 2024

The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on January 16, according to a... 


De Beers approves $1bn spending at Botswana mine

De Beers approves $1bn spending at Botswana mine

10th January 2024

Global diamond giant De Beers said it will go ahead with a planned $1-billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand... 


Norway Parliament votes in favour of seabed mining, as expected

Norway Parliament votes in favour of seabed mining, as expected

10th January 2024

Norway's Parliament on Tuesday voted in favour of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming... 


Saudi Arabia ups mineral resource estimates to $2.5 trillion - Minister

Saudi Arabia ups mineral resource estimates to $2.5 trillion - Minister

10th January 2024

Saudi Arabia has revised upwards estimates for its untapped mineral resources including phosphate, gold and rare earths to $2.5-trillion, from a 2016 forecast of $1.3-trillion, its Mining Minister... 


US seeks to jump-start production of higher-energy uranium now made in Russia

US seeks to jump-start production of higher-energy uranium now made in Russia

10th January 2024

The US is seeking bids from contractors to help establish a domestic supply of a uranium fuel enriched to higher levels for use in a next generation of reactors, a fuel currently only available in... 


AustralianSuper snaps up additional stakes in Pilbara Minerals, Endeavour Group

9th January 2024

Pension fund AustralianSuper has raised its stake in lithium miner Pilbara Minerals and alcohol retailer Endeavour Group, two separate exchange filings showed on Tuesday. The stake increase makes... 


Alcoa to mothball Western Australia alumina refinery, up to 1 050 staff at risk

Alcoa to mothball Western Australia alumina refinery, up to 1 050 staff at risk

9th January 2024

US aluminum producer Alcoa said on Tuesday it planned to stop production in 2024 at its loss-making Kwinana Alumina Refinery in Western Australia because of challenging market conditions and the... 


Caledonia Mining's Blanket mine

Zimbabwe gold output declines 15% amid electricity, forex shortages

8th January 2024

Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output. The Southern African... 


A palladium bar

Palladium falls as concern EVs will destroy demand returns to the fore

7th January 2024

Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain's expansion of... 


Canadian dealmaking seen rebounding in 2024, led by energy, mining

4th January 2024

Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to... 


Workers at First Quantum's shuttered Panama mine warn of threat to 'invade' site

4th January 2024

The union representing workers at First Quantum's copper mine in Panama on Wednesday warned of another union's plan to "invade" the site next week, the latest face-off over the now-shuttered mine... 


EU adds Russia's biggest diamond producer Alrosa to sanctions list

EU adds Russia's biggest diamond producer Alrosa to sanctions list

3rd January 2024

The European Union has added Russia's Alrosa ALRS.MM, the world's biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said on Wednesday. "In line... 


Chile President praises Codelco, SQM lithium deal ensuring State control

28th December 2023

Chile's President Gabriel Boric hailed the formation of a new government-controlled lithium partnership that fuses assets of State-run Codelco with private miner SQM, as the leftist leader advances... 


A diamond mine in Russia

India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources

20th December 2023

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.... 


Russian billionaire Abramovich loses legal challenge against EU sanctions

20th December 2023

Russian billionaire Roman Abramovich on Wednesday lost a legal challenge to overturn sanctions imposed on him by the European Union in the wake of Russia's invasion of Ukraine, after an EU court... 


Allkem's James Bay project area in Quebec

Allkem shareholders approve $10.6bn Livent lithium merger

19th December 2023

Investors in Australian lithium producer Allkem voted on Tuesday to accept a $10.6-billion merger offer from US giant Livent that would create one of the world's biggest lithium companies. Allkem... 


Singapore's Atomionics taps gravity, AI in hunt for critical minerals

19th December 2023

Singapore-based start-up Atomionics has rolled out its technology that uses gravity and artificial intelligence to define ore bodies to its first customer, which the company says could cut costs... 


Azure's Andover deposit

SQM ties up with Hancock on $1.1bn bid for Australian lithium developer Azure

19th December 2023

Chile's SQM has teamed up with Australia's richest person, Gina Rinehart, to make a sweetened A$1.7-billion ($1.14-billion) bid for Australian lithium developer Azure Minerals, the three parties... 


Russia's Nornickel joins stainless steel factory project, aims to increase nickel sales

18th December 2023

Russian mining and metals giant Nornickel has decided to join a project to build a plant producing stainless steel products in Russia, it said on Monday. The project is led by Russia's RNK-Holding.... 


EU adopts 12th package of sanctions against Russia

18th December 2023

The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the... 


Chile copper miner Codelco reaches contract agreements with 3 unions

18th December 2023

Chilean miner Codelco, the world's No. 1 copper producer, said on Monday it reached contract agreements with three unions, putting off the risk of a strike at the state-run giant. Codelco reached... 


Thyssenkrupp Nucera stays bullish on hydrogen sector, shares rise

18th December 2023

Thyssenkrupp Nucera, which makes electrolysers needed to produce green hydrogen, is confident it can reach its mid-term targets, sounding a much more positive note than peers in a sector that still... 


The EU flag

EU sets critical mineral goals, but faces struggle to hit them

18th December 2023

The European Union (EU) has set targets to dig up, recycle and refine lithium, cobalt and other metals it needs for its green transition, but a shortage of new money, crippling energy costs and... 


UK to implement carbon levy on imported goods by 2027

18th December 2023

Britain will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies, the government... 


Codelco's logo on a building

Lithium producer SQM, Chile's Codelco agree to start talks with indigenous group

18th December 2023

Chile's State copper company Codelco and lithium producer SQM have agreed to establish a roundtable with indigenous communities amid talks over a possible partnership between the two companies in... 


An Anglo American logo on a jacket

South African court denies class action against Anglo American

17th December 2023

South Africa's High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the... 


Rough diamonds

India's Modi says new diamond bourse in Gujarat to create 150 000 jobs

17th December 2023

India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat.... 


S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension

14th December 2023

S&P Global Ratings on Thursday downgraded the rating of Vedanta Resources, parent of Indian miner Vedanta, citing concerns about extension of maturities of some of its bonds. Vedanta Resources... 


Mitsubishi, Freeport completes copper smelter expansion in Indonesia

14th December 2023

Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its smelter facility... 


China has approved a number of export permits for graphite

14th December 2023

China's commerce ministry said on Thursday it has approved a number of export permits for graphite, the first since a December 1 change in regulations aimed at protecting national security. The... 


Vale mulls briquette plants in Gulf of Mexico, Middle East

13th December 2023

Brazilian miner Vale is considering implementing new iron ore briquette plants in Brazil, the Middle East and the Gulf of Mexico, chief executive Eduardo Bartolomeo said on Tuesday, as the firm... 


Antofagasta, union extend talks to allow contract vote

13th December 2023

Workers at Chilean copper miner Antofagasta's Centinela mine and the company agreed to extend talks to allow workers to vote on a new contract offer, the union said on Wednesday. The union will... 


A Komatsu 930E hydrogen fuel cell mining truck

GM, Komatsu to develop hydrogen fuel cells for electric mining truck

12th December 2023

General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker's 930E electric drive mining truck. "Mining... 


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