Codelco obtains $532m in climate financing

Chilean State miner Codelco, one of the world's largest copper producers, said on Tuesday it has obtained $532-million in climate financing authorised by french bank Credit Agricole CIB. The funds... 

Freeport McMoran plans $7.5bn investment to expand Chile copper mine

US miner Freeport McMoran plans to invest around $7.5-billion to expand its El Abra copper mine in Chile, a project expected to take seven to eight years to develop due to permitting requirements,... 

First Quantum says Jiangxi can nominate one person to board

First Quantum Minerals said on Tuesday that Jiangxi Copper will have the right to nominate one person to the Canadian miner's board as the company looks to keep its biggest shareholder at arm's... 

Freeport-McMoran beats second-quarter profit estimates on higher copper prices

Miner Freeport-McMoran beat second-quarter profit estimates on Tuesday, as higher copper prices offset lower production. Shares of the company rose 2.4% to $47.12 in premarket trading. 

Copper prices, output drive Grupo Mexico profit jump

Mining and transport conglomerate Grupo Mexico reported a 34% increase in second-quarter net profit on Monday, fueled by higher copper prices and mining output. Net profit of $1.122-billion topped... 

Australia announces new offshore gas exploration permits to plug supply gaps

Australia on Tuesday announced new offshore gas exploration permits for its east and west coast markets in a bid to ease concerns over long-term supply gaps as the country moves rapidly away from... 

Rio Tinto class action over Bougainville mine damage set for October hearing

The first hearing date has been set in a class action against miner Rio Tinto RIO.AX for historical environmental and social damage caused by the Bougainville copper mine in Papua New Guinea that... 

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

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

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

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 to buy US LNG developer Tellurian for $1.2bn

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

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

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

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

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

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

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

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

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... 

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

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... 

Golden rule: Why younger investors are drawn to gold

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

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... 

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

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... 

EU's green hydrogen goals not realistic, auditors say

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

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 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

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 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

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

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

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 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

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... 

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

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

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

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

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 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

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

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....