Rio Tinto focused on small buyouts to smooth portfolio - CEO

Rio Tinto CEO Jakob Stausholm said on Tuesday the global miner is focused on small, bolt-on acquisitions to shape its portfolio and is looking at a number of potential lithium acquisitions but... 

London copper set for best month since January

Copper prices in London were on track on Monday for their best monthly performances since January on prospects of further stimulus in top consumer China and that the US Federal Reserve will pause... 

Britain commits to future North Sea oil and gas licences

Britain on Monday committed to granting future licences for North Sea oil and gas extraction as part of efforts to become more energy independent, in plans that have drawn criticism from... 

Nickel Industries output jumps from prior quarter, co sees better Sept quarter

Nickel Industries reported a record June-quarter output from its rotary kiln electric furnace (RKEF) projects on Monday, with the commissioning of a power plant at its Indonesia project expected to... 

Gold miner Silver Lake eyes worst day in eight years as sales outlook disappoints

Gold miner Silver Lake Resources is set for its worst session in eight years on Monday as record annual output failed to make up for an unflattering sales outlook. Shares of Silver Lake plunged as... 

Codelco sees lower copper output, more stoppages in 2023

 Chile's State miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines. The... 

Gold heads for weekly loss on strong US economic data

Gold regained some ground on Friday as the dollar retreated, but still headed for its worst week in five after data pointing to a resilient US economy soured bets for a dovish tilt in US monetary... 

Teck CEO says mulls partial sale of coal unit as Glencore circles

The CEO of Teck Resources said on Thursday that the Canadian miner is considering a range of proposals including a partial sale of its coal business from various interested parties after Glencore... 

Canada plans to finalise emissions cap by mid-2024, Minister says

Canada will likely publish the final regulations of a plan to cap and cut greenhouse gases from the oil and gas sector by mid-2024, its Environment Minister told Reuters on Thursday. The Canadian... 

Eramet says it secured $400m lithium deal with Glencore

Eramet said on Wednesday that it had signed earlier this month a $400-million deal with commodities group Glencore to jointly market some 50 000 metric tons of lithium produced on its Argentina... 

Cochilco cuts 2023 copper price forecast to $3.85/lb

The Chilean Copper Commission (Cochilco) on Wednesday lowered its forecast for the average copper price in 2023 to $3.85 per pound amid doubts about international economic performance. "The copper... 

Alaska asks US Supreme Court to undo EPA Pebble mine veto

The state of Alaska on Wednesday asked the US Supreme Court to vacate a Biden administration veto blocking Northern Dynasty Minerals' NDM.TO proposed Pebble copper and gold mining project, arguing... 

Polyus closes applications for buyback programme

Russian gold producer Polyus said on Wednesday that it had closed the books for its more than $6-billion share buyback early, and that the entire buyback package would be redeemed. Earlier this... 

Lynas Rare Earths asks Malaysia court to review license

Lynas Rare Earths said on Wednesday it had approached Malaysia's top court to review its license to operate in the country, which has a condition that bars the miner from importing and processing... 

Worker trapped after accident at Codelco project in Chile unharmed

A worker who had been trapped following a rock blast at a construction site managed by Chile's state-owned Codelco, the world's largest copper producer, was evacuated without injury, the company... 

Non-Western supplies start replacing Nornickel's old mining equipment

Russia's Nornickel has started replacing its old mining equipment with supplies from so called "friendly" countries - those that have not imposed sanctions on Moscow, it said on Monday, as it... 

Ecuador, SolGold seal deal to launch nearly $5bn mining project

Ecuador's government concluded negotiations with Australian miner SolGold to develop a major mine seen requiring a $4.9-billion investment over the lifetime of the project, the energy and mines... 

Norsk Hydro says Russian metal threatens benchmark status of LME aluminium

 The London Metal Exchange should reconsider a decision not to ban Russian aluminium from its warehouse network as large volumes are jeopardising the benchmark status of its aluminium contract,... 

Hindustan Zinc's Q1 profit falls on weak zinc, lead prices

Indian miner Hindustan Zinc on Friday reported a fall in first-quarter profit, dragged by weak zinc and lead prices, and despite reduced expenses and tax burden. The company's consolidated net... 

Aussie gold miner Newcrest drops after potential buyer Newmont's weak second quarter

Shares of Australia's top gold miner Newcrest Mining fell as much as 5.4% on Friday, marking its worst intraday fall in nearly 10 months after its potential buyer Newmont Corp overnight reported... 

Australia blocks acquisition of lithium mine by China-linked firm

Australia has barred the takeover of financially stricken lithium miner Alita Resources by a China-linked company after advice from its Foreign Investment Review Board (FIRB), a spokesperson for... 

Bolivia hikes lithium resources estimate to 23Mt

Bolivia's lithium resources are now estimated at 23 million metric tons, its president said on Thursday after government studies that further cement the South American country's position as the... 

US imposes sanctions on Russian copper producer UMMC

The United States has imposed sanctions on Russian major copper producer Ural Mining And Metallurgical Company (UMMC) as a measure to "reduce Russia's revenue from the metals and mining sector,"... 

LME expects more fast-track listings after approval of new nickel brand

The London Metal Exchange (LME) said on Thursday it had approved nickel produced by Quzhou Huayou Cobalt New Material, a subsidiary of China's Zhejiang Huayou Cobalt, as a list brand and expects... 

Some US companies still failing to meet conflict minerals rules, GAO says

 Some US companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals don't come from... 

Freeport's profit narrowly beats despite production, Indonesia woes

A slump in copper production and shipping delays in Indonesia dragged Freeport-McMoRan's second-quarter profit down by 60%, although results narrowly beat Wall Street's expectations. Shares rose... 

Newmont misses profit estimates on mining disruptions, higher costs

Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world's largest gold miner down on Thursday. Since early June, Newmont's operations at... 

Energy transition faces metals gap unless investment rises, report finds

 Rapid demand growth as a result of the energy transition could lead to a shortage of several metals in the next decade unless investment is increased, a global group of energy producers, consumers... 

Implats wins RBPlat bid battle as Northam sells stake

Impala Platinum (Implats) has won a protracted battle for control of miner Royal Bafokeng Platinum (RBPlat) after bid rival Northam Platinum sold its stake. Johannesburg-based Implats tabled an... 

Copper miners squeezed by lower prices, higher labour costs

Major North American copper miners are likely to report a fall in second-quarter profits, as global growth concerns dented realised prices for the red metal and labour costs remained high.... 

Mali gold mining revenue rose by 35% in 2022

State revenue from gold mining companies in Mali rose 35% year on year in 2022 to a record 763.7 billion CFA francs ($1.3 billion) due to increased tax revenues, a mines ministry official said on... 

EU courts further controversy by adding mining to green rulebook

The European Union will include the mining of critical raw materials in its green investment rulebook as a “priority” to ensure the bloc isn’t left behind on resources needed to boost clean... 

Vale grows iron-ore output by 6%, sales lag

 Brazilian miner Vale posted 6.3% growth in second-quarter iron ore production while sales lagged, the company announced in a securities filing on Tuesday. Vale said it mined 78.7-million metric... 

No more plundering: Can Africa take control in green mineral rush?

From Zimbabwe's lithium-rich rocks to the Democratic Republic of Congo's cobalt, minerals critical for clean energy technologies are increasingly in demand from Africa's trade partners as part of... 

Polish court overturns decision to suspend permit for Turow mine

A Polish court on Tuesday overturned a ruling that work at the Turow lignite mine should be halted on environmental grounds, in a boost for the government which had vowed to keep it open. In June,... 

Indonesia hikes export taxes for copper, zinc and iron - finmin

 Indonesia's export tax rates for copper concentrate will rise to a range of 5% to 10%, according to a new regulation, as the government tries to push miners to process metals at home rather than... 

China's CMOC agrees to pay Congo's Gecamines $800m to end spat

China's CMOC Group has reached an agreement with Congo State mining firm Gécamines and will pay $800-million to end a dispute over its Tenke Fungurume Mining (TFM) operation in the country, it said... 

B2Gold hunting for more assets after Sabina Gold deal

B2Gold said it would consider further opportunities to acquire gold assets to accelerate growth even after its recent purchase of Sabina Gold, which gave it its first project in home country... 

New Mali mining law could boost state, local interest in projects to 35%

Mali's military-led government is in talks with gold miners over proposed changes to its mining law that could see it boost state and private Malian interests in new projects to 35%, from up to... 

London aluminium, zinc on track for best week since January

Aluminium and zinc prices in London were heading for their biggest weekly gain since January, as a weaker dollar made greenback-priced metals cheaper to holders of other currencies. The dollar...