Russia says China’s Zijin agrees to keep Siberian zinc mine open

Russia’s Tuva region said it has agreed with Zijin Mining Group to keep the Kyzyl-Tashtyg zinc mine working after sanctions prompted the Chinese company to weigh suspending operations. Zijin’s... 

UAE’s EGA to build US aluminum plant touted by Trump next year

Emirates Global Aluminium plans to start building a $4-billion plant in Oklahoma next year as Donald Trump pushes for massive investments from oil-rich Gulf states to avoid his tariffs. The plant... 

Australia’s richest woman doubles US stocks bet to $2.5bn

Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as... 

Transnet is running out of cash, Moody’s warns

South Africa’s State-owned transport and logistics company, Transnet, will run out of money for operations and debt-servicing within three months unless it gets a government bailout, according to... 

Chinese gold miner Chifeng scours globe for takeover targets

A major Chinese gold producer is scouting for acquisition opportunities around the world, although the recent price volatility driven by global trade turmoil means it’s not rushing to secure... 

China’s glut of coal locks market in vicious cycle of decline

Chinese coal prices remain locked in a downward spiral due to a persistent glut of the fuel, according to the country’s top industry group. The optimism that’s taken hold in the wake of China’s... 

‘Bulldog’ ex-Goldman banker answers Carney’s call to fix Canada resources sector

The first time Timothy Hodgson was asked by Mark Carney to come to Ottawa, he left behind an investment banking career at Goldman Sachs Group that had seen him climb the ranks to lead its Canadian... 

Iron-ore bounces back to six-week high on trade-war truce hopes

Iron-ore rose as trade tensions eased, spurring optimism across a metals market that has been hit especially hard by global growth worries. Futures of the steel-making ingredient reached a... 

Carney puts ex-Goldman banker, Quebec loyalist in key jobs

Canadian Prime Minister Mark Carney unveiled his new economic team, keeping longtime politician François-Philippe Champagne as finance minister and placing former Goldman Sachs banker Timothy... 

De Beers secretly sells discounted diamonds to selected traders

De Beers has been quietly selling rough diamonds at sharply marked-down prices to a small handful of customers, in a highly unusual move that’s fuelling tensions across an industry already mired in... 

Gold holds heavy loss as markets latch onto US-China optimism

Gold steadied after a sharp selloff as a major de-escalation in US-China trade tensions hurt demand for havens. Bullion traded near $3 237 an ounce — after losing 2.7% on Monday — with investors... 

Australia’s biggest LNG plant has to win over a new Minister

Australia’s new environment minister faces a tight deadline to familiarize himself with a controversial and long-delayed application to run the nation’s oldest and biggest liquefied natural gas... 

Peru’s emergency mining ban to cost $200m in lost gold output

Peruvian gold output is expected to be significantly dented in the coming month due to a mining ban in a northern region of the country that’s seen an up-tick in criminal activity culminating in... 

Guinea moves to cancel mining rights of non-compliant companies

Guinea’s transitional President General Mamadi Doumbouya instructed his government to withdraw permits and concessions from mining companies that don’t respect their legal commitments to the... 

South African port union plans more talks to end wage dispute

The main labour union at South Africa’s state port and rail company said it will continue talks next week aimed at resolving a wage dispute and averting a potential strike. Negotiations will take... 

BHP-backed SolGold turns to speedier mine plan to woo investors

SolGold, an Ecuador-focused firm backed by some of the biggest names in mining, is working on options to start production at its flagship project three or four years ahead of previous plans. The... 

Ukrainian Parliament ratifies natural resources deal with US

Ukraine’s parliament ratified a deal with the US over access to the country’s natural resources, lending its full support to attempts by President Volodymyr Zelenskiy to improve ties with Donald... 

Iron-ore falls as China steel body says output curbs under way

Iron-ore fell as China’s top steel association confirmed that output curbs were under way, and long-awaited PBOC rate cuts failed to deliver a sustained lift in sentiment. Futures fell as much as... 

Trump’s copper tariff probe is expected soon, industry group says

US authorities are expected to decide on copper tariffs well before a year-end deadline, according to a trade group. President Donald Trump in February directed the US Commerce Department to open... 

Red Dog zinc mine gets caught in US-China tariff turmoil

The owner of the world’s largest zinc mine is in discussions to reroute output of the US operation away from China due to the trade war between Washington and Beijing, according to people familiar... 

Zambia regulator approves $270m Congo transmission link

Zambia’s energy regulator approved the construction of a high-voltage transmission line to link its copper rich North-Western province to the Democratic Republic of Congo. The $270-million... 

Mining murders show Peru’s struggles with an illegal gold rush

The bodies of 13 workers at a Peruvian gold mine were discovered over the weekend as criminal groups step up a wave of terror over control of the precious metal in the country’s northern... 

Albanese landslide offers rare chance to fix Australia’s economy

Prime Minister Anthony Albanese shocked Australia by securing an historic win in Saturday’s election. Now the question is whether he’ll use that mandate to push through tough measures to overhaul... 

Trump’s push for deep-sea metals clashes with UN ocean treaty

President Donald Trump first set his sights on Canada and Greenland’s mineral resources. Now he’s eyeing the global seabed that holds vast troves of critical metals for green technologies but is... 

McEwen sees gold equities boom on metal’s bull run to $5 000

Bullion’s record-breaking run will attract investors back to gold mining stocks, leading to “explosive” performance in shares of producers of the precious metal, according to Canadian mining... 

McEwen weighs Argentina share listing as part of copper unit IPO

Canadian mining industry veteran Rob McEwen is considering listing shares in Argentina as part of an initial public offering of his copper venture, the latest sign of the country’s newfound appeal... 

Albemarle sees pressure building for high-cost lithium producers

Albemarle, the world’s biggest lithium supplier, is anticipating more pain for higher cost producers of the battery metal, many of which are losing money due to low prices. About 40% of global... 

Rio survives activist investor push to end dual listing

Rio Tinto Group survived an attempt by an activist investor to force it to review its dual listing structure, with not enough shareholders backing the proposal. Rio had urged shareholders to... 

Gold Road halts trading due to speculation over transaction

Gold Road Resources shares were suspended from trading in Sydney, with the miner citing “media speculation regarding a potential change of control transaction”. The suspension will be lifted when... 

Botswana eyes spending cuts as diamond slump hits economy

Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance... 

De Beers investor Botswana says serious buyers showing interest

Botswana’s government said it’s optimistic that Anglo American will find a buyer for its diamond unit De Beers this year. “We are very confident that partners are coming forward,” Botswana Vice... 

Citic sees ‘turning point’ for China’s steel industry this year

China’s steel industry is expected to see a “turning point” this year on additional stimulus measures and production cuts, even as overseas tariffs put pressure on demand, according to Citic... 

Gold’s bullish sentiment seen easing as record rally stumbles

The gold rally has outshone other asset classes this month — even drawing some comparisons to bitcoin — as President Donald Trump’s tariff war reshapes the global economic order, pushing investors... 

Carney’s Liberals win Canada election, setting up talks with US

Canada’s Liberal Party won a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US... 

Codelco takes another step in long path to copper-mine recovery

Codelco posted a slight increase in first-quarter output despite power, weather and maintenance interruptions, as the world’s biggest copper producer battles to compensate for deteriorating ore... 

Zimbabwe restarts minting of gold coins as bullion prices soar to record

Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called... 

Saudi push into South Africa yields billions of dollars in deals

A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country... 

Gold sinks on trade signals as volatile week comes to a close

Gold fell at the end of a volatile week that saw prices notch a record before retreating, with signs some trade tensions may be easing. Bullion shed as much as 1.4%, dropping for the third time in... 

Panama President ratchets up nationalism ahead of mine talks

Panama’s President Jose Raul Mulino stepped up nationalist rhetoric toward a shuttered copper mine in the country as his administration prepares to negotiate a potential restart with operator First... 

Codelco-SQM lithium deal on track to close this year after antitrust nod

A landmark lithium deal struck a year ago between SQM and Codelco is on course to be finalized before Chile’s general elections after securing a key antitrust approval. Chile’s competition agency,...