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China’s silver imports set to jump as solar demand lifts prices

China’s silver imports set to jump as solar demand lifts prices

29th May 2024

Chinese silver imports could surge in coming weeks, as traders take advantage of a jump in demand that’s taken prices well above the international market. Silver’s in a sweet spot because of its... 


Mongolia defends plan to tap mining riches for new sovereign wealth fund

Mongolia defends plan to tap mining riches for new sovereign wealth fund

29th May 2024

Mongolia’s prime minister defended changes to the country’s mining laws after foreign investors raised concerns they could deter investment in its large reserves of critical minerals, including... 


EU Commissioner for Trade Valdis Dombrovskis (R) says Australia is a like-minded partner.

EU, Australia sign critical minerals pact to diversify supply chains

28th May 2024

Australia and the European Union have struck an agreement to boost cooperation and investment in critical minerals, part of a drive by Western nations to loosen China’s grip on supply chains of... 


A BHP logo on a building

JPMorgan says BHP plan risks $4.3bn South Africa outflow

27th May 2024

A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an... 


China defies global copper squeeze with near-record production

China defies global copper squeeze with near-record production

27th May 2024

The global copper market is gripped by fears of a shortage, which has propelled prices to record levels and sparked a $49-billion takeover battle. But in China, the world’s biggest producer and... 


Large Anglo shareholders are backing miner’s stance on BHP talks

Large Anglo shareholders are backing miner’s stance on BHP talks

24th May 2024

Several of Anglo American’s big shareholders have said they support the company’s efforts to persuade BHP Group to change the structure of its takeover proposal or compensate for the risks it... 


Pakistan coal miners face expansion issue as China stops funding

Pakistan coal miners face expansion issue as China stops funding

23rd May 2024

Chinese and other major lenders are increasingly reluctant to invest in Pakistan’s expansion of coal mines, according to the head of a local producer. “The real challenge for us is financing,”... 


Zimbabwe state miner says lithium assets attract investors

23rd May 2024

Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. Kuvimba has identified a lithium ore resource of 38... 


Troubled Peru copper mine starts expansion work in supply boost

Troubled Peru copper mine starts expansion work in supply boost

23rd May 2024

China’s MMG is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global... 


The Eraring power station will remain open until August 2027

Eraring coal plant closure delayed by two years

23rd May 2024

Origin Energy will delay the closure of Australia’s largest coal-fired power station amid concerns renewable energy isn’t being added fast enough to keep pace with plans to quit fossil fuels. The... 


Copper frenzy draws mining giants to Argentina after Milei’s reforms

Copper frenzy draws mining giants to Argentina after Milei’s reforms

23rd May 2024

Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies... 


BHP CEO Mike Henry

BHP has a week to convince Anglo its South African plan can work

23rd May 2024

BHP Group just won an extra week to convince Anglo American on its $49-billion takeover plan. But the world’s biggest miner still must resolve the deal’s most intractable obstacle: What to do about... 


Fortescue excluded from world’s biggest hydropower plant development

22nd May 2024

A company owned by Australian mining billionaire Andrew Forrest will no longer develop the world’s biggest hydropower project in Democratic Republic of Congo, according to President Felix... 


Anglo CEO Duncan Wanblad and BHP CEO Mike Henry

Clock runs down on BHP’s $43bn bid for Anglo American

22nd May 2024

BHP Group has just hours to launch a blockbuster bid to buy smaller mining rival Anglo American — or put its audacious takeover plan on the shelf. The proposal by the world’s biggest miner to spin... 


Trafigura M&A head is latest top executive to retire from trader

Trafigura M&A head is latest top executive to retire from trader

21st May 2024

Trafigura Group head of mergers and acquisitions Jesus Fernandez is leaving, in the latest senior departure from the commodity trading giant. Fernandez will retire after around 20 years at the... 


Southern Copper eyes start of stalled Peru mine project as soon as this year

Southern Copper eyes start of stalled Peru mine project as soon as this year

21st May 2024

Southern Copper hopes to begin construction as soon as this year at a once fiercely contested copper mine in Peru’s coastal mountains as socio-political tensions ease and authorities get behind the... 


Energy mogul makes 100-year bet on Argentina’s mineral wealth

Energy mogul makes 100-year bet on Argentina’s mineral wealth

21st May 2024

Over three decades, Jose Luis Manzano built a reputation for diving into distressed sectors in Argentina and navigating tumultuous economic and political cycles to shape a portfolio ranging from... 


Hand holding a stack of ZiG10 banknotes

Zimbabwe asks miners to ramp up gold output to support ZiG currency

21st May 2024

Zimbabwe has asked gold miners across the country to ramp up output to support the ZiG currency launched last month, according to Mines and Mining Development Minister Winston Chitando. “This new... 


A stack of gold bars

Zimbabwe to start gold-tracing system in bid to curb smuggling

21st May 2024

Zimbabwe’s sole authorized buyer of gold will introduce a system that traces supply of the metal from mines to the market in a bid to stop smuggling. Fidelity Gold Refinery’s initiative will start... 


The Port of Durban

Reserve Bank warns carbon taxes may cut exports by 10%

21st May 2024

South African economic growth could be severely stunted if carbon taxes are widely imposed on its exports, according to a new report by the country’s central bank. The South African Reserve Bank... 


The scheduled closure of Origin Energy's Eraring plant - Australia's biggest coal-fired facility - may lead to a generation shortfall.

Australian grid operator flags risk of power crunch in south-east

21st May 2024

The chance of power shortages in Australia’s populous south-east has increased as coal-fired plants are phased out and grid and battery storage projects are delayed. Reliability risks have risen... 


Anglo's Charterhouse offices in London

Anglo shareholder LGIM supports break-up plan as BHP circles

21st May 2024

Anglo American shareholder Legal & General Investment Management (LGIM) supports the break-up plan announced by the company last week, it said on Monday, as the deadline approaches for BHP Group to... 


The Yarwun refinery

Rio Tinto declares force majeure on Australian alumina cargoes

21st May 2024

Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the... 


Energy’s conflict-fuelled swings aren’t over, Woodside CEO says

Energy’s conflict-fuelled swings aren’t over, Woodside CEO says

21st May 2024

Energy markets will continue to be impacted by the Russian invasion of Ukraine and the Israel-Hamas conflict, according to Woodside Energy Group, Australia’s largest oil and gas producer “The... 


Copper hits record above $11 000 on bets that shortage looms

Copper hits record above $11 000 on bets that shortage looms

20th May 2024

Copper surged to its highest-ever level, extending a powerful, months-long rally driven by financial investors who’ve piled into the market in anticipation of deepening supply shortages. Futures... 


Lithium miners shake up trading to tackle wild price swings

Lithium miners shake up trading to tackle wild price swings

20th May 2024

The world’s lithium miners — facing an unprecedented demand surge and wild price swings — are shaking up the way the commodity is bought and sold. As lithium emerges as a linchpin of the global... 


Gold hits fresh record as Fed rate-cut optimism fuels demand

Gold hits fresh record as Fed rate-cut optimism fuels demand

20th May 2024

Gold notched a fresh all-time high, as investor demand soared across the broader metals complex amid increasing optimism the US will cut rates this year. Bullion jumped as much as 1.1% to hit $2... 


BHP CEO Mike Henry

BHP debates improved bid as time runs out in Anglo takeover saga

19th May 2024

With time running out on its $43-billion pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few... 


China’s top copper miner to ramp up output as supply risks mount

China’s top copper miner to ramp up output as supply risks mount

17th May 2024

China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to... 


Trafigura says aluminium rally is ‘over done’ as supply returns

Trafigura says aluminium rally is ‘over done’ as supply returns

17th May 2024

Aluminum prices should decline by at least 6% over the next six months as supply returns to the market and high interest rates continue to crimp manufacturing demand, according to an analyst from... 


Share sales rebound 98% in Toronto as copper, gold prices surge

Share sales rebound 98% in Toronto as copper, gold prices surge

17th May 2024

After a miserable year for share sales, Canada’s largest exchange is seeing a rebound thanks to mining firms raising capital as copper and gold prices have spiked. The volume of total financings... 


A US uranium enrichment plant

US to offer up to $3.4bn for nuclear fuel makers in June

17th May 2024

The US plans to start soliciting bids worth as much as $3.4-billion to buy domestically produced nuclear reactor fuel as soon as next month, according to a government notice. The funding includes... 


Biden open to easing sanctions on billionaire Gertler in return for Congo exit

17th May 2024

The US government is open to easing sanctions on billionaire mining magnate Dan Gertler if he gives up his business operations and assets in the Democratic Republic of Congo, where Washington’s... 


Congo demands international embargo on Rwandan mineral exports

16th May 2024

The Democratic Republic of Congo called for an international embargo of metal exports from neighboring Rwanda, whose government it accuses of using rebel groups to steal its natural resources. All... 


Saudi’s new mining vehicle picks industry veteran as first CEO

16th May 2024

Saudi Arabia’s Manara Minerals Investment hired veteran dealmaker Pierre Chenard to be its first permanent CEO as the mining investment firm searches for more assets. Manara, backed by the Saudi... 


Pilbara Minerals' Pilgan plant

AustralianSuper boosts critical minerals to A$12bn

16th May 2024

AustralianSuper, the nation’s largest pension fund, has amassed a A$12-billion critical minerals portfolio that it plans to increase in the next five years. The A$335-billion fund is poised to... 


A BHP office building

BHP shareholders see room for one more sweetened Anglo bid

15th May 2024

Shareholders in BHP Group and takeover target Anglo American expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the... 


Cobalt on a conveyor belt

US blames China’s CMOC for predatory tactics behind cobalt glut

15th May 2024

China’s CMOC Group is being accused by a top US official of using “predatory” tactics to depress prices of a key battery metal by flooding the market with cobalt from Democratic Republic of Congo... 


US President Joe Biden

US tariffs on minerals leave out markets that China dominates

15th May 2024

President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the... 


Anglo ditching De Beers is hard blow for troubled diamond market

Anglo ditching De Beers is hard blow for troubled diamond market

15th May 2024

The diamond industry has already been feeling the heat. Prices have slumped, Russian sanctions are threatening trade and the emergence of lab-grown gems is eating into some key traditional... 


BHP’s top Australian investor eyes restraint in battle for Anglo

BHP’s top Australian investor eyes restraint in battle for Anglo

15th May 2024

Pension giant AustralianSuper, BHP Group’s largest Australian shareholder, said capital discipline was of “utmost importance” for the mining industry as investors weigh the heavyweight’s... 


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