Viridis secures Canadian financing interest for rare earths project

Australia's Viridis Mining and Minerals said on Tuesday it received a letter of interest from Export Development Canada for up to $100-million in debt financing for its Colossus rare earths project... 

Indonesia coal power phase-out plan at risk due to stalled international funding

Indonesia's plan to retire 6.7 gigawatts of coal-fired power plant capacity by 2030 to fight climate change is at risk of failure due to stalled disbursal of funding from rich countries, the... 

Congo extends ban on trade in minerals from sites in war-hit east

The Democratic Republic of Congo has extended for six months a ban on the trading of minerals from dozens of artisanal mining sites in conflict-hit North and South Kivu provinces, the mines... 

Lithium surges in China after Ganfeng chairman predicts 2026 demand boom

China's lithium price surged on Monday after the chairman of major Chinese producer Ganfeng Lithium Group forecast demand growth of 30% or even 40% for the battery metal in 2026. The most-traded... 

Around 30 people killed in Congo copper mine incident, officials say

Around 30 people were killed at a semi-industrial copper mine in southeastern Congo on Saturday after a bridge collapsed, the country's artisanal mining agency said. An agency official told Reuters... 

Syrah, Tesla to further extend graphite supply deal deadline

Australia's Syrah Resources said on Monday that it had agreed with Tesla to extend the deadline to tackle an alleged default of their graphite supply agreement for the second time in two months as... 

China rare earths deal will 'hopefully' be done by Thanksgiving, Bessent says

A rare earths deal between the US and China will "hopefully" be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that aired on Sunday. Bessent's comments follow a framework... 

Barrick Mining considers splitting into two entities, sources say

The board of Canada's Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources... 

Ghana scraps tax on minerals exploration to boost investment

Ghana will abolish value-added tax on mineral exploration and reconnaissance to boost investment in its mining sector, its finance minister said, as Africa’s top bullion producer seeks to reverse... 

BHP liable for 2015 Brazil dam collapse, UK court rules in mammoth lawsuit

BHP is liable for the 2015 collapse of a dam in southeastern Brazil, London's High Court ruled on Friday, in a lawsuit the claimants' lawyers previously valued at up to 36-billion pounds... 

China's coal output fell 2.3% year-on-year in October

China's coal output fell 2.3% year-on-year in October, official data showed on Friday, reflecting production restrictions designed to support prices. October output was 406.75-million metric tons.... 

Trump administration revokes Biden-era limits on Alaska oil drilling

The Trump administration on Thursday finalised its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land. The move is... 

Congo produces first 1 000 t of traceable artisanal cobalt

The State cobalt agency in Democratic Republic of Congo has produced its first 1,000 metric tons of traceable artisanal cobalt, a key step in formalizing the sector in a country that supplies much... 

China's copper exports boom on rising arbitrage, supply

Chinese copper exports are on pace to set a record in 2025, with October shipments set to exceed 100 000 metric tons for only the third time ever, as rising domestic supply and higher foreign... 

US House report accuses China of minerals market interference

China for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US House of... 

CEO of Australia's PLS says government support could boost lithium supply chains

Global supply chains for lithium could benefit from collaboration among governments but any intervention on prices would need to be handled carefully, Dale Henderson, CEO of Australian lithium... 

Iron-ore gains as China stimulus hopes dominate

Iron-ore futures gained on Wednesday, as hopes of fresh stimulus from top consumer China outweighed concerns over a gloomy outlook stemming from growing supply and diminishing demand. The... 

MinRes inks $765m deal with Posco for lithium JV stake, shares surge

Australia's Mineral Resources said on Wednesday it would sell a 30% stake in part of its lithium business to South Korea's Posco for $765-million as it seeks to cut debt and repair its balance... 

Guinea to fast-track alumina, iron-ore processing, mines minister says

Guinea will fast-track the development of alumina refineries and iron-ore pellet plants to end decades of raw ore exports, its mines minister told reporters, as the country prepares for the first... 

Botswana taking steps to acquire majority stake in De Beers, President says

Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15%... 

Australia watchdog sues AVZ Minerals over Congo disclosure breaches

Australia's corporate regulator said on Tuesday it has sued AVZ Minerals and two of its directors, alleging the miner failed to disclose an escalating legal dispute with the Democratic Republic of... 

Vale gearing up to meet Indian demand as China steel output stagnates, CEO says

Brazilian miner Vale is preparing to meet rising iron ore demand from India, which could double its steel production by the end of the decade, CEO Gustavo Pimenta told Reuters. Rising sales to... 

Aluminium premium hits record in US on tariffs, global squeeze

Premiums for consumers buying aluminium on the physical market in the US have hit record highs, driven by steep import tariffs and tight supplies globally. President Donald Trump doubled tariffs... 

China grants conditional approval for Codelco-SQM lithium joint venture

China's market regulator said on Monday that it granted conditional approval for a lithium-related joint venture between Chile's state-run copper giant-Codelco and local lithium producer SQM. The... 

Why coal still clings on in renewable energy powerhouse Brazil

One of Brazil's last coal plants roared back to life in July after a powerful business group invested millions to keep its turbines turning in the southern mining town of Candiota. The plant's... 

Japan's Marubeni to invest in Australian critical minerals project

Japan's Marubeni said on Monday it will invest in a mineral sands project of Australia's RZ Resources, following in the footsteps of compatriot JX Advanced Metals which struck a similar deal with... 

China halts ban on gallium, germanium, antimony exports to US, but controls remain

China has suspended a ban on exports of gallium, germanium and antimony to the US, its commerce ministry said on Sunday, although the three metals remain subject to broader export controls... 

Newmont's restructuring impacts 16% of jobs in the company, memo shows

Newmont's restructuring following the acquisition of Australian miner Newcrest has impacted 16% of the company's workforce, according to an internal memo to staff seen by Reuters. The reductions... 

Congo suspends activities at Chinese mine after spill

The Democratic Republic of Congo has suspended activities at a Chinese-operated mining site in the south of the resource-rich country after a spill, mines minister Louis Watum Kabamba said late on... 

Freeport Indonesia says investigation concluded on Grasberg incident

Freeport Indonesia said on Friday that an investigation into a mud flow that killed seven workers at its Grasberg copper and gold mine has ended and the company has received improvement... 

Botswana and Angola hold talks as both seek control of De Beers

The mining ministers of Botswana and Angola held talks in Botswana's capital on Friday on cooperation in the diamond sector, as the two Southern African countries seek to take control of Anglo... 

Albemarle's cost cuts, steady volumes fuel smaller loss amid weak lithium prices

Albemarle reported a smaller-than-expected loss for the third quarter on Wednesday, as the lithium producer's tight leash on costs and resilient sales volumes softened the squeeze from persistently... 

Nutrien tops profit estimates, launches review of phosphate business

Nutrien beat analysts' expectations for third-quarter profit on Wednesday, and said it would initiate a review of strategic alternatives for its phosphate business. US-listed shares of the... 

Can Africa ride critical minerals wave to economic boom?

As global powers scramble for critical minerals, African countries are pushing for new investment to process more of their own raw materials and meet their people's demands for economic growth and... 

Codelco cuts copper output guidance for 2025

Chile's Codelco, the world's largest copper producer, cut on Tuesday its forecast for 2025 output, despite higher production in the year's first nine months through September. The state-owned... 

Putin orders road map for Russian rare earths extraction

Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals. In a list of tasks for ministers published on... 

TechMet to add to portfolio, fears Europe losing battle for critical minerals

The CEO of US-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the US in building a... 

China cuts gold tax exemption as state bank stops gold product enrollments

A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metalthat is likely to hit retail demand in the... 

Resource disputes between investors and states hit ten-year high

Disagreements between governments and investors over resources are at a ten-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for... 

Vale likely to announce extraordinary dividends soon, CFO says

Vale is likely to announce extraordinary dividends in the coming months, CFO Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner's third-quarter...