Panama President-elect rules out First Quantum talks until arbitration dropped

Panama's President-elect has ruled out talks with Canadian miner First Quantum Minerals until it drops multiple arbitration proceedings it has launched seeking billions of dollars in compensation... 

India considers incentives for lithium processing, sources say

India is considering offering incentives to encourage private companies to set up lithium processing facilities, as New Delhi tries to develop its nascent lithium mining and boost supplies of the... 

BHP-Anglo American deal raises alarm in Japan's steel industry

Japanese steelmakers have raised concerns with Australian authorities that BHP Group could become too dominant in the global supply of coking coal if it goes ahead with a takeover of Anglo... 

China April coal imports rise on lower domestic output, summer restocks

China's coal imports rose in April, customs data showed on Thursday, fuelled by lower domestic production and greater buying by power generators to swell stockpiles ahead of the peak summer demand... 

Brazil court rejects requests to block $15.7bn from Vale, BHP

A Brazilian federal court rejected a request made by the country's solicitor general's office asking that miners Vale, BHP and their joint venture Samarco pay 79.6-billion reais ($15.64-billion)... 

China's 2024 iron-ore imports seen similar to last year's - Vale

Imports of iron-ore by China, the world's biggest buyer, in 2024 are expected to be around 1.17-billion to 1.18-billion metric tons, similar to last year's 1.18-billion tons, a senior official of... 

Nutrien beats quarterly profit estimates on robust North America demand

Nutrien, the world's biggest fertilizer producer, beat first-quarter profit estimates on Wednesday, on strong demand for crop nutrients from North America owing to early planting and lower... 

Australia backs long-term gas exploration despite 2050 climate goals

Australia's resources minister said on Thursday she backs the long-term exploration of potential natural gas projects, setting up a potential clash with opposition lawmakers and some in the... 

Indonesia says nickel reserves enough for expansion, despite moratorium call

Indonesia's nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners' group to curb construction of new... 

Indonesia says it will extend copper export permits for Freeport, Amman

Indonesia will extend copper concentrate export permits for Freeport Indonesia and Amman Mineral Nusa Tenggara, President Joko Widodo told reporters on Wednesday, adding that details of the... 

Piedmont Lithium wins US state mining permit after posting reclamation bond

Tesla supplier Piedmont Lithium has officially obtained a North Carolina state mining permit after posting a $1-million reclamation bond to develop an open-pit mine that would become one of the... 

BHP insists Anglo American's South African assets must go in any takeover, sources say

BHP's plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed... 

Saudi Manara Minerals' team in Pakistan for talks on Reko Diq mine stake, document shows

Executives from Saudi Arabian mining company Manara Minerals are in Islamabad to continue talks about buying a stake in Pakistan's Reko Diq gold and copper mine, a Pakistan government document... 

Big Oil finds more to love in deepwater exploration fields

As Big Oil returns this week to the industry's annual showcase for offshore energy projects and equipment in Houston, deepwater discoveries off Guyana, Namibia and the US Gulf Coast will take the... 

Argentina mining exports up 4.3% in 2023 as industry confidence grows

Argentina's mining exports grew 4.3% in 2023 over the year, driven by lithium, an industry group said on Friday, expressing confidence that the country's ample metals and minerals deposits can help... 

Strong copper price reviving Peru's mining mojo, Minister says

Peru's dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor... 

Congo's $7bn infrastructure deal with China will depend on copper prices

About $7-billion of infrastructure investments in the Democratic Republic of Congo by Chinese companies in a revised minerals deal will largely depend on copper prices remaining high, details of... 

Panama's Mulino wins Presidency with support from convicted former leader

PANAMA CITY - Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who... 

Panama to bar First Quantum from mining copper during closure process

Panama will bar First Quantum from extracting copper during the closure of the mine it lost the rights to run last year, the country's Trade Minister Jorge Rivera Staff told Reuters, adding that... 

Brazil rejects Vale, BHP settlement offer for Mariana disaster

Brazil and the state of Espirito Santo have rejected a proposal by miners Vale and BHP regarding reparations for the deadly 2015 Mariana tailings dam burst, the federal government said on Friday.... 

Anglo CEO meets South Africa's mines minister after BHP's takeover proposal

 Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group's $39 billion takeover bid, a source... 

Boliden to restart its Tara zinc mine in Ireland

Swedish mining group Boliden will restart production at its Tara zinc mine in Ireland after it was paused in 2023, it said on Friday. The mine was put on care and maintenance last year after... 

Anglo American boosts London's FTSE 100 to near record high

Britain's FTSE 100 opened near record highs on Friday, boosted by Anglo American after Reuters reported Glencore is exploring an approach for the miner, while Diageo advanced after naming a new... 

Zimbabwe's sole nickel mine placed under administration

Zimbabwe's only operating nickel mine was on Thursday placed under administration, according to a government notice, seven months after halting production due to equipment failure and low prices.... 

Albemarle may lower capex if lithium prices stay low

Albemarle, the world's largest producer of lithium for electric vehicle batteries, could look at reducing capital expenditure in the coming years if lithium prices remain flat, the company said on... 

Canadian Natural Resources considering major expansion of Horizon oil sands mine

Canada's largest oil and gas producer Canadian Natural Resources is looking at opportunities to significantly increase bitumen output at its main oil sands mine, the company said on Thursday.... 

Canadian miner Hudbay sees BHP's bid for Anglo boosting copper assets

he CEO of Canadian miner Hudbay Minerals said BHP Group's $39-billion offer for Anglo American has increased the valuation of copper assets and could underscore companies' willingness to pay a... 

Glencore studying an approach for Anglo American, sources say

Commodities group Glencore is studying an approach for Anglo American, two sources said, a development that could spark a bidding war for the 107-year old mining company. Glencore has not yet... 

Alrosa says output stable amid Western sanctions

Russian diamond miner Alrosa has no plans to reduce production amid tougher Western sanctions, its CEO Pavel Marinychev said on Thursday. The Russian finance ministry said last month that Russia... 

Graphite miners lobby US govt to impose levy on China-sourced EV material

North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing's monopoly on a key material used in... 

Brazil Potash aims to beat Russian, Canadian suppliers on price

The cost to produce potash from a mine being developed in the Brazilian Amazon will be similar to Russia's and lower than in No. 1 producer Canada, said the CEO of Brazil Potash, citing a... 

Australia's second-largest pension fund blacklists thermal coal investments

Australian pension giant Australian Retirement Trust said on Thursday it would stop investing in most thermal coal companies from July as part of a plan to hit net zero emissions across its... 

Canada's long-delayed Trans Mountain oil pipeline starts operations

After 12 years and C$34-billion, Canada's Trans Mountain pipeline expansion project (TMX) began commercial operations on Wednesday, a major milestone expected to transform access to global markets... 

Barrick Gold beats estimates for quarterly profit

Canadian miner Barrick Gold on Wednesday beat first-quarter profit estimates on higher bullion prices and said it has entered into an exploration partnership with Geophysx Jamaica. Prices of the... 

Barrick Gold is not interested in bidding for Anglo American, CEO says

arrick Gold is not interested in bidding for Anglo American, which last week received a $39-billion takeover offer from BHP, and is building its own copper portfolio, the Canadian miner's CEO Mark... 

China's Zhaojin wins control of Australia's Tietto Minerals in $475m deal

China's Zhaojin Capital has won control of Australia's Tietto Minerals after a protracted six months takeover tussle that values the gold producer at A$733-million ($474.62-million), according to a... 

Anglo to meet top shareholders on BHP bid as takeover rules restrain AGM

Anglo American's chair will meet its top 30 shareholders to hear views on BHP's $39-billion bid for the miner, he told an annual general meeting on Tuesday, where he was restricted from discussing... 

US reforms environmental law to speed up clean energy, infrastructure approval

The White House on Tuesday reformed the US environmental review process for major projects which officials said would speed up approval of everything from transmission of power from wind and solar... 

As BHP weighs firm bid for Anglo, investors fret over cherry-picking assets

BHP Group can't cherry pick Anglo American assets without paying a hefty premium, Anglo investors told Reuters, concerned that they stand to lose heavily by holding shares in South African... 

Tietto asks investors to accept Zhaojin's offer or sell shares

Australia's Tietto Minerals has urged its shareholders to accept Zhaojin Mining's offer that values the firm at A$733-million or sell shares on-market if the market price is not materially...