UK reverses oil drilling permission, drops coal mine defence after court ruling

ritain has reversed a decision to grant permission for an oil drilling operation and dropped its defence to a legal challenge over a disputed new coal mine, campaigners said on Thursday, after a... 

Uganda central bank starts buying locally-produced gold to support forex reserves

Uganda's central bank has begun buying locally-produced gold to bolster its depleted foreign reserves and tackle emerging challenges in international financial markets. The move could lower the... 

Global reserve managers upbeat on growth but worry about politics

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,... 

In lithium industry first, IBAT commercialises new extraction technology

In a milestone for the global clean-energy transition, International Battery Metals has become the first company to commercially produce lithium with a novel type of filtration technology, a step... 

Indonesia considers reopening bauxite exports, Bisnis.com reports

Indonesia plans to review its bauxite export ban policy following a request from lawmakers to reopen shipments of the raw material for aluminium, news site Bisnis.com reported, citing a mining... 

Global lithium sector eyes Argentina's salt flats on tech test run

In a dusty plain in northern Argentina's mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a... 

Candidates to be next CEO of Brazil miner Vale recommended

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates, local newspaper O... 

Chile to open call for preferential pricing on Albemarle lithium in one month

Chile will open calls in a month for lithium component producers to compete for preferential pricing on lithium produced by Albemarle, the head of Chile's CORFO economic development agency said on... 

Codelco seeks to buy Enami's stake in Quebrada Blanca mine

Chilean copper mining giant Codelco seeks to buy a 10% stake in Canada's Teck's Quebrada Blanca copper mine from State-owned Enami for about $500-million, local newspaper La Tercera reported on... 

Hedge fund Elliott challenges court verdict it lost against LME on nickel

US-based hedge fund Elliott Associates on Tuesday urged a London court to overturn a verdict supporting the London Metal Exchange's (LME) cancellation of nickel trades partly because the exchange... 

Nornickel in talks with China Copper to move smelting plant to China, sources say

Nornickel is in talks with China Copper to form a joint venture that would allow the Russian mining giant to move its entire copper smelting base to China, four sources with knowledge of the matter... 

Canadian critical mineral shares fall after tighter M&A criteria

Shares of Canadian companies that mine critical minerals such as copper and uranium fell on the Toronto Stock Exchange (TSX) on Monday as investors assessed the potential impact of Canada's... 

Zijin Mining expects first-half profit leap on higher gold and copper output

China's biggest gold and copper producer Zijin Mining expects first-half net profit to have jumped by as much as 50%, the company said in a trading statement on Monday. First-half net profit could... 

Vedanta says it has arranged $250m to settle Zambian copper mine debts

Vedanta Resources said on Friday it has arranged the financing it needs to start paying creditors of its Konkola Copper Mines in Zambia as it takes steps to revive operations after regaining... 

US miners push Washington to revive long-dormant Bureau of Mines

Mining trade groups plan to push Washington to revive and expand the long-dormant Bureau of Mines, an effort aimed at streamlining how the US government regulates and supports critical minerals... 

Pension fund UniSuper looks to Australian miners for the next leg of returns

Australian pension fund UniSuper is looking to the local resources sector for its next spurt of growth and holding its allocation to US tech steady after the red-hot sector helped the fund to a... 

Anglo American extends pay for workers of fire-hit Australian mine

Australia's Mining And Energy Union has reached an agreement with Anglo American to extend pay until August-end for workers at its Grosvenor mine that was shut earlier this week due to an ongoing... 

Suncor oil sands site shut because of nearby wildfire, Alberta Minister says

Suncor Energy has shut down its 215 000 barrel-per-day Firebag oil sands site in northern Alberta and curtailed some production as a precaution due to a wildfire about 8 km away, according to the... 

BHP cuts employee incentives after missing its performance goals, AFR reports

BHP has notified tens of thousands of its workers across the globe that it was cutting their incentive pay after the miner failed to meet its performance goals, the Australian Financial Review... 

UAE'S IHC unit withdraws offer for Vedanta's Zambian copper mines over price

The UAE's International Resources Holding (IRH) has withdrawn a bid to buy a stake in Vedanta Resources' Zambian copper mines, it said on Wednesday, after talks collapsed because of a failure to... 

Arafura receives Germany nod for up to $115m loan

Arafura Rare Earths has received conditional approval from a German government inter-ministerial committee for up to $115-million in loan guarantees for its Nolans project, the Australian rare... 

Alaska sues to challenge new NPR-A oil and gas leasing rules

The state of Alaska on Wednesday said it has filed a lawsuit challenging new federal regulations imposed for oil and gas leasing in the National Petroleum Reserve-Alaska (NPR-A). In April,... 

Codelco sees copper output ticking up in second half of year

Chilean copper mining giant Codelco's output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the State-run miner,... 

Eramet targets November production start at Argentina lithium plant

France's Eramet aims to start production at its new Centenario lithium plant in Argentina in November and ramp up to 24 000 metric tons of battery grade lithium by mid-2025, it said on Wednesday... 

Freeport Indonesia secures copper concentrate export permit

Copper miner PT Freeport Indonesia has secured an export permit for copper concentrate for the rest of year, spokesperson Agung Laksamana said on Wednesday, without elaborating on the export... 

Ecuador names new Mines and Energy Minister

Ecuador's government on Tuesday appointed Antonio Goncalves as the country's new Minister of Energy and Mines, meaning he will take over from Transportation Minister Roberto Luque, who held the... 

First Quantum jumps 5% on Panama plans for mine environmental audit

Shares of Canadian miner First Quantum Minerals closed 5% higher on the Toronto Stock Exchange on Tuesday after Panama said it would conduct an environmental audit of the company's Cobre Panama... 

Southern Copper flags progress at key Peru mine

Miner Southern Copper will likely finish building its Tia Maria copper project in southern Peru in up to two years and then begin production in 2027 if not sooner, CEO Oscar Gonzalez told local... 

US judge halts Biden administration's pause on LNG permits

A federal judge on Monday dealt President Joe Biden's climate agenda a setback by blocking the Democrat's administration from continuing to pause the approval of applications to export liquefied... 

Côte d'Ivoire to revise mining code to increase state profits

Côte d'Ivoire is planning to revise its mining code in order to increase state profits, the country's mines minister Mamadou Sangafowa Coulibaly said on Monday. The world's top cocoa producer, is... 

India in talks with Africa, Latin America countries for critical mineral blocks, official says

India is in talks with countries in Africa and Latin America to get critical mineral blocks on a government-to-government basis, Veena Kumari Dermal, joint secretary of the Ministry of Mines, said... 

DR Congo's Gecamines opposes sale of cobalt miner Chemaf

Democratic Republic of Congo's State miner Gecamines said on Monday it would not approve the sale of cobalt miner Chemaf and its Congolese assets to Chinese miner Norin Mining. Gecamines leases... 

Vale reports second board exit in four months amid CEO search

Brazilian miner Vale has lost its second board member in less than four months, it said in a filing on Monday, reporting the resignation of Vera Marie Inkster. Vale, which is in the process of... 

Russia's Alrosa buys Degdekan gold deposit from Polyus

Russian diamond producer Alrosa has bought a gold deposit in Russia's Far East from miner Polyus, the two companies, both of which are under Western sanctions, said on Monday. For the world's... 

China issues rare earth regulations to further protect domestic supply

China has unveiled a list of rare earth regulations aimed at protecting supplies in the name of national security, laying out rules on the mining, smelting and trade in the critical materials used... 

Lake Resources to cut more than 50% of global workforce

Australia's Lake Resources said on Monday it will slash more than 50% of its global headcount, including six members of the company's executive team, to cut costs and maximise the value of its... 

Southern Copper to restart development of Peru mine on Monday

Peruvian copper producer Southern Copper, controlled by Grupo Mexico, plans on Monday to restart development of the long-postponed Tia Maria project, according to an internal document seen by... 

Tianqi asks Chile regulator to reconsider decision on SQM-Codelco deal

China's Tianqi Lithium has appealed Chile's financial regulator to reconsider its decision about the SQM-Codelco lithium deal not needing shareholder approval, the Financial Market Commission... 

FQM to launch formal arbitration versus Panama in July

Canadian miner First Quantum Minerals will launch formal arbitration proceedings against Panama in July over the country's decision to close the giant Cobre Panama mine last November, two people... 

Eskom to hit CO2 targets despite coal plant extension, CEO says

South Africa's state power company Eskom will meet its target to reduce carbon emissions by 71-million metric tons a year by the end of the decade, its new CEO said on Friday, despite scrapping...