Indonesia’s move to control coal prices faces Chinese pushback

The Indonesian government’s plan to regulate the price of coal exports is facing pushback from its largest customer, as firms in China balk at paying higher costs as other suppliers lower their... 

Panama President exploring ‘novel ideas’ on First Quantum mine

Panama President Jose Raul Mulino said his government is exploring “novel ideas” on handling First Quantum Minerals’s giant copper mine in the country and reiterated that the firm must drop its... 

Indonesia, home to giant gold mine, launches bullion banking

Indonesia has launched its first bullion banks in a bid to draw tons of privately held gold into the financial system of Southeast Asia’s largest economy. The region’s largest gold producer on... 

Canada’s Allied Gold seeks listing on NYSE

Canada’s Allied Gold has started a process to apply for a listing on the New York Stock Exchange, joining an industrywide migration to the world’s top bourse. The Toronto-based gold producer was... 

BHP kicks off $10.8bn plan to prevent Chile copper slump

BHP Group will kick off a massive $10.8-billion investment program in Chile with the overhaul of an ageing copper plant as the world’s most valuable mining company battles declining ore quality.... 

First Quantum steps up campaign to reopen Panama copper mine

First Quantum Minerals and its workers and suppliers in Panama are stepping up efforts to gain support for the reopening of a $10-billion copper mine more than a year after it was shut. The... 

Codelco is winning over investors on signs of copper turnaround

Top copper supplier Codelco is starting to win over investors on signs that a long-awaited production recovery will help keep the Chilean state firm’s debt levels in check. In the past month,... 

China cobalt stocks surge after Congo unexpectedly bans exports

Cobalt stocks rose in China on Tuesday as a surprise export ban in the Democratic Republic of Congo lifted the near-term outlook for the material used in alloys and batteries. Shares in Nanjing... 

Congo suspends cobalt exports for four months amid oversupply

The Democratic Republic of Congo says it’s suspending cobalt exports for four months to rein in oversupply of the battery metal on the international market. Cobalt production in Congo – which... 

Battery metal rout set to force unprofitable miners to cut costs

A wave of cost cutting and potential consolidation looms for lithium and nickel miners in the year ahead, with no short-term relief in sight for the key battery metals sector after a poor earnings... 

Zelenskyy says US minerals deal must include military guarantees

Ukrainian President Volodymyr Zelenskyy said the US dropped its demand for Kyiv to commit to paying $500-billion as part of talks to give Washington a cut of the country’s mineral wealth. But... 

Chinese coal prices have further to fall as Glencore mulls cuts

China’s coal slump is likely to persist for several months, weighing on a global market that has seen mining giant Glencore forced to consider output cuts after prices dropped to near their lowest... 

Miner Pilbara sees lithium demand rallying on China mine restart

Australia’s largest pure-play lithium producer Pilbara Minerals said it sees demand recovering on the restart of a large mine and refinery in China, even as it reported a net loss in its half-year... 

World’s biggest miners pinched by iron-ore’s China problem

The world’s biggest miners, having cashed in on China’s once-rampant demand for iron-ore, are starting to reel from the impact of their main customer’s economic struggles. BHP Group, Rio Tinto... 

Glencore is studying whether to move primary listing from London

Glencore said the optimal location for its primary listing “remains under study,” fueling speculation about what would be the most high-profile exit from the UK exchange to date. Glencore began... 

Copper falls as Citi predicts prices will retreat on US tariffs

Copper in London declined after Citigroup flagged risks of a pullback in prices from the impact of US tariffs on demand. The metal has risen almost 8% this year due to resilience in the physical... 

Goldman raises gold target to $3 100 on central-bank appetite

Goldman Sachs Group raised its year-end gold target to $3 100 an ounce on central-bank buying and inflows into bullion-backed exchange-traded funds, highlighting Wall Street’s enthusiasm for the... 

Billionaire Friedland’s iron-ore miner seeks up to A$300m in Australia IPO

Mining billionaire Robert Friedland’s latest venture, iron-ore producer Ivanhoe Atlantic, is seeking to raise as much as A$300-million from an initial public offering (IPO) in Australia, people... 

Mongolia aims to boost Chinese coal sales to 100Mt

Mongolia is aiming to increase its coal exports to China by almost a fifth this year, as it seeks to expand energy cooperation with its resource-hungry neighbor. The central Asian nation forecasts... 

Vale expects to raise Carajas iron ore output by 13% with billionaire investment

Brazilian miner Vale said on Friday it expects to raise iron ore production in its main complex Carajas, in northern Brazil, by nearly 13% through 2030 as part of a 70-billion real ($12.26-billion)... 

Gold holds biggest loss since December on concern rally overdone

Gold steadied following its largest one-day decline in two months, with the slump sparked by investor concern that the metal’s recent record-breaking rally may have been overdone. Bullion traded... 

Storied Peruvian exec resurfaces at Canadian copper startup

After decades overseeing some of Peru’s biggest mines, Victor Gobitz has reemerged at the helm of a Canadian startup that has plans to begin copper production in a year and go public in the medium... 

Agnico nears world’s No. 2 gold miner spot with output targets

Agnico Eagle Mines is threatening to snag the title of world’s second-largest gold producer from one of its top rivals. The Canadian mining company aims to churn out 3.3-million to 3.5-million... 

Australia’s iron-ore hub reopens, Rio mines resume after cyclone

Australia’s biggest iron-ore port reopened and Rio Tinto Plc mines resumed operations after being spared any major damage from Tropical Cyclone Zelia. Port Hedland, which handled almost 760... 

Chinese firms to build $2bn Tanzania rail

Tanzania signed a $2.15-billion deal with two Chinese firms to construct a railway linking its main port of Dar es Salaam to a nickel mine in neighboring Burundi. Tanzania Railways Corp awarded the... 

Malawi temporarily bans all mineral exports to revamp rules

Malawi’s government placed a temporary ban the exports of all minerals to allow the country’s Ministry of Mining to streamline procedures. The ministry wants to enhance “regulatory frameworks that... 

Zimbabwe seeks $950m in new bid to kickstart mining firm

Zimbabwe’s State miner is planning a fresh bid to kickstart a range of projects a year after the government took full control of the company. Kuvimba Mining House, under new CEO Trevor Barnard, is... 

Canada’s 13 Premiers descend on Washington to play the China card on trade

The leaders of all Canadian provinces and territories are set to meet up in the US capital Wednesday to take their arguments against tariffs to American lawmakers, business groups and labor... 

Quebec says Canada should consider aluminium tax to create leverage against US

Quebec Premier Francois Legault said Canada should consider putting export taxes on products such as aluminum to create leverage in negotiations with President Donald Trump’s administration. The... 

Adani signs A$330m private loan for Australia coal port

Indian conglomerate Adani Group has signed an around A$330-million ($207-million) private credit loan for its coal port unit located in Australia’s Northern Queensland, according to people familiar... 

‘Show me the money’: Record gold price is test for top miners

Gold prices are hovering around record highs, but Barrick Gold and Newmont have frustrated investors by failing to capitalise on bullion’s rally. The next ten days gives the top producers a chance... 

Australia is 'killing' US aluminium market, Trump adviser says

Australia is “killing” the US aluminum market, a senior trade adviser to President Donald Trump said, in a potential blow to Prime Minister Anthony Albanese’s efforts to secure an exemption from... 

US should stop closure of coal-fired power plants, Wright says

The US should stop the closure of coal-fired power plants, Energy Secretary Chris Wright said, adding the fuel source would be essential to the nation’s power system for decades to come. “We are... 

Mali and Barrick talks suspended without reaching an agreement

Mali and Barrick Gold Corp’s negotiations to end a protracted dispute over payments from the country’s biggest gold mine have been suspended, according to people familiar with the government’s... 

Trump tariffs spell fresh turmoil for volatile aluminum market

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump. The US leader ordered... 

China’s nickel overcapacity spurs another surge in metal exports

Chinese refined nickel exports could almost treble this year, as domestic overcapacity produces yet another glut of metal that will have to be absorbed by overseas markets. The country flipped to... 

CATL and Lopal restart China lithium refinery despite price rout

Jiangsu Lopal Tech and Contemporary Amperex Technology are restarting their lithium refinery in China after a roughly five-month halt, further threatening any price recovery for the key battery... 

Ontario says it would ban China from deals on minerals, energy

The leader of Canada’s largest province said the government will ban Chinese components from energy projects if his party is reelected later this month. “China is playing by its own rules, is... 

Key iron-ore port clears ships as storm tracks toward Australia

The iron-ore export hub of Port Hedland has started clearing vessels as a tropical low tracks toward the Western Australian coast, the latest in a series of storm-related disruptions for the region... 

Gold edges higher toward record as Trump tariffs aid haven bids

Gold rose toward a record high after President Donald Trump said he would announce duties on steel and aluminum imports on Monday, adding to increasing uncertainty in global financial markets....