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By Reuters

Saudi Arabia to visit Brazil and lithium power Chile as seeks to diversify

22nd July 2024

Saudi Arabia's mining minister will visit Brazil and Chile over the coming two weeks, the ministry said on Sunday, as the world's leading oil exporter seeks to expand its international presence in... 


Indonesia launches nickel, tin online tracking system

22nd July 2024

Indonesia launched on Monday an online system to track movements of nickel and tin from mines to domestic processing facilities to improve accountability and government revenue, authorities said.... 


Western miners push for higher metals prices to ward off Chinese rivals

Western miners push for higher metals prices to ward off Chinese rivals

22nd July 2024

The only US cobalt mine sits fallow in the northern Idaho woods, a mothballed hunk of steel and dirt that is too expensive for its owner to operate because Chinese rivals have flooded global... 


Woodside CEO Meg O'Neill

Woodside to buy US LNG developer Tellurian for $1.2bn

22nd July 2024

Australia's Woodside Energy said on Monday it had agreed to buy US liquefied natural gas developer Tellurian, including its US Gulf Coast Driftwood LNG export project, for $1.2-billion including... 


Singapore's GEAR secures $850m for South32's Australian coking coal - sources

Singapore's GEAR secures $850m for South32's Australian coking coal - sources

22nd July 2024

A consortium led by Singapore's Golden Energy and Resources (GEAR) has secured $850-million to buy South32's Australian coking coal assets, two sources told Reuters, as private credit continues to... 


Congo's South Kivu governor suspends mining operations in province

19th July 2024

The governor of Democratic Republic of Congo's South Kivu province has ordered the suspension all mining activities in the restive region, giving all companies and operators 72 hours to leave... 


Serbia, EU and Germany sign battery supply chain deal

Serbia, EU and Germany sign battery supply chain deal

19th July 2024

Belgrade and the European Union signed a deal on Friday to give the EU access to raw materials mined in Serbia and strengthen their ties on production of sustainable raw materials, battery... 


Boliden's Q2 earnings disappoint despite near fivefold rise

Boliden's Q2 earnings disappoint despite near fivefold rise

19th July 2024

Swedish miner Boliden said on Friday its core earnings rose by nearly fivefold in the second quarter, helped by a one-off insurance claim, but missed market forecasts on weak zinc and copper... 


Chile hit by 7.4 magnitude earthquake near copper, lithium mines

19th July 2024

A 7.4 magnitude earthquake has struck Chile, 45 km outside San Pedro de Atacama in the country’s northern copper and lithium mining region. The quake hit at 9:50 p.m. local time, according to the... 


Blank-check firm to buy Turkish mine in $290m bet on copper demand

19th July 2024

Blank-check firm ACG Acquisition is buying a Turkish mine, which plans to start copper and zinc production in 2026, in a $290-million deal with a subsidiary of Turkish conglomerate Calik Holding,... 


Copper output from Chile's Codelco this year to top 2023, chairman says

Copper output from Chile's Codelco this year to top 2023, chairman says

19th July 2024

Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year. "We have... 


Nornickel in talks to build China nickel plant for battery sector, sources say

18th July 2024

Russia's Nornickel is in talks with several Chinese battery companies to build a plant jointly producing nickel material from Russian semi-finished products, three sources with knowledge of the... 


Data on the Resolution Copper project, in Arizona, is included in the report.

US mine development timeline second-longest in world, S&P Global says

18th July 2024

It takes an average of nearly 29 years to build a new mine in the US, the second-longest in the world behind only Zambia, hampering Washington's efforts to boost output of lithium, nickel and other... 


Gold bars

Golden rule: Why younger investors are drawn to gold

18th July 2024

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 


Mexico has 'sufficient arguments' to win Ganfeng lithium dispute, says President-elect

18th July 2024

exico President-elect Claudia Sheinbaum on Wednesday expressed confidence in her incoming government's ability to come out on top in a legal battle against Chinese miner Ganfeng and pledged to... 


Montage's flagship asset is the Koné gold project, in Cote d'Ivoire.

China's Zijin Mining to take 9.9% stake in Canada's Montage Gold

17th July 2024

Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement. Zijin Mining will... 


A graphic showing the uses of hydrogen

EU's green hydrogen goals not realistic, auditors say

17th July 2024

The EU's goals to produce and import green hydrogen fuel are unrealistic and unlikely to be met despite billions of euros in funding, the European Court of Auditors (ECA) said on Wednesday. The... 


At least five killed in gold mine collapse in northern Kenya

17th July 2024

At least five people were killed and several others injured when an informal gold mine caved in and buried them alive in northern Kenya, a local official said. Authorities closed the Hillo... 


BHP posts second straight year of record iron-ore production, beats estimates

BHP posts second straight year of record iron-ore production, beats estimates

17th July 2024

BHP Group on Wednesday reported record annual iron-ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in... 


UK's new coal mine sent 'adverse international signal', campaigners say

UK's new coal mine sent 'adverse international signal', campaigners say

17th July 2024

Britain's approval of its first new deep coal mine in decades was unlawful because ministers failed to consider the "adverse international signal" sent by the controversial decision, environmental... 


Argentina tripled lithium carbonate production capacity in last two years

Argentina tripled lithium carbonate production capacity in last two years

17th July 2024

Argentina tripled its lithium carbonate equivalent (LCE) production capacity in the last two years, driven by new projects that have boosted installed capacity to 136 500 t nationwide, the... 


Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia

17th July 2024

Santacruz Silver Mining said on Tuesday that an employee at the Tres Amigos mine in Bolivia died after a small group of illegal miners unlawfully entered the mine and used explosives. The... 


Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise

Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise

17th July 2024

Brazilian miner Vale expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter. The company, one of... 


Rio Tinto's iron-ore shipments miss estimates due to May train derailment

Rio Tinto's iron-ore shipments miss estimates due to May train derailment

16th July 2024

Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in mid-May. The world's... 


Europe needs way to price critical minerals independently of China, group says

Europe needs way to price critical minerals independently of China, group says

15th July 2024

Europe needs a system to set prices for critical minerals needed for the energy transition that is not dependent on China, which dominates much of the global sector, the head of an EU-funded group... 


Nations gather to negotiate deep sea mining code as opposition mounts

Nations gather to negotiate deep sea mining code as opposition mounts

15th July 2024

The United Nations' International Seabed Authority (ISA) will meet on Monday to consider new rules allowing firms to extract minerals from the ocean floor, despite mounting concerns about the... 


Rough diamonds produced in Botswana

IMF slashes Botswana's 2024 growth forecast amid diamond market woes

15th July 2024

The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement. The... 


Nornickel to restart furnace at key smelter in early August

12th July 2024

ussian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman... 


BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK

BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK

12th July 2024

Mining giants BHP and Vale reached a deal on Friday to split equally the cost of any damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people, while... 


Chilean lithium to be eligible for US tax break

Chilean lithium to be eligible for US tax break

12th July 2024

Products made with Chilean-mined lithium - used for electric-vehicle batteries - will be eligible for US tax benefits, the Andean country's government said on Thursday. Chile, the world's largest... 


China's June coal imports rise as heat boosts electricity demand

China's June coal imports rise as heat boosts electricity demand

12th July 2024

China's coal imports in June rose 12% year-on-year, customs data showed on Friday, as heatwaves in the world's top consumer of the fuel supported demand. Shipments to China were 44.6-million... 


Kali Metals lists in Frankfurt

11th July 2024

Kali Metals, which owns one of the largest exploration packages across Australia’s hard-rock lithium fields, has dual listed on the Open Market of the Frankfurt Stock Exchange. The Frankfurt... 


Serbian court rules govt decision to revoke lithium project permit unconstitutional

Serbian court rules govt decision to revoke lithium project permit unconstitutional

11th July 2024

Mining group Rio Tinto welcomed a Serbian court ruling on Thursday that overturns a government decision in 2022 to revoke its initial planning permission to develop a lithium mine in the country.... 


Savannah sees potential to expand lithium mine project in Portugal

Savannah sees potential to expand lithium mine project in Portugal

11th July 2024

Drilling results at a site in northern Portugal, where London-listed Savannah Resources plans to build a lithium mine, show reserves are richer than previously thought, the company's technical... 


UK reverses oil drilling permission, drops coal mine defence after court ruling

11th July 2024

ritain has reversed a decision to grant permission for an oil drilling operation and dropped its defence to a legal challenge over a disputed new coal mine, campaigners said on Thursday, after a... 


Gold bars and nuggets

Uganda central bank starts buying locally-produced gold to support forex reserves

11th July 2024

Uganda's central bank has begun buying locally-produced gold to bolster its depleted foreign reserves and tackle emerging challenges in international financial markets. The move could lower the... 


Global reserve managers upbeat on growth but worry about politics

11th July 2024

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,... 


In lithium industry first, IBAT commercialises new extraction technology

11th July 2024

In a milestone for the global clean-energy transition, International Battery Metals has become the first company to commercially produce lithium with a novel type of filtration technology, a step... 


Indonesia considers reopening bauxite exports, Bisnis.com reports

Indonesia considers reopening bauxite exports, Bisnis.com reports

10th July 2024

Indonesia plans to review its bauxite export ban policy following a request from lawmakers to reopen shipments of the raw material for aluminium, news site Bisnis.com reported, citing a mining... 


Global lithium sector eyes Argentina's salt flats on tech test run

10th July 2024

In a dusty plain in northern Argentina's mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a... 


Candidates to be next CEO of Brazil miner Vale recommended

10th July 2024

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates, local newspaper O... 


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