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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....
Saudi Arabia’s Maaden raises $1.25bn to fund mining growth
Saudi Arabian Mining Co., commonly known as Maaden, has raised $1.25-billion from its debut Islamic bond sale as the company looks to fund a huge expansion program over the next five years. Maaden...
Why Trump wants Canada’s wealth of critical minerals
When Canada’s Prime Minister Justin Trudeau told a group of executives that President Donald Trump wasn’t kidding about annexing Canada, he offered one reason: critical minerals. Canada is rich in...
Quebec calls for early talks of trade deal as Trump brings metal tariffs
Canada should try to accelerate the renegotiation of the North American trade agreement, Quebec’s premier said, after US President Donald Trump said he plans to put 25% tariffs on all US steel and...
Mongolia seeks to boost coal exports to China with new rail link
Mongolia plans to press China next week to approve a new railway link that could boost an already growing coal trade between the two countries. Mongolian Prime Minister Oyun-Erdene Luvsannamsrai...
Tungsten miner says clients in disbelief as China chokes supply
The phone has been ringing off the hook for Lewis Black after China imposed export controls on tungsten, a niche metal mined by his firm that’s crucial to weapons manufacturing. The CEO of North...
Anglo CEO says Mali mining developments cause for grave concern
The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American...
Gold holds near record high as trade war stokes haven demand
Gold held near a record high in Asian trading, after rising by almost 1% in the previous session, as the opening salvos of the US-China trade war stoked haven demand. Bullion reached an all-time...
Barrick CEO says miner making progress in dispute with Mali
Barrick Gold CEO Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected. The Canadian company last month...
64 NGOs ask EU to cancel mineral pact with Rwanda over Congo war
A group of 64 organizations mainly from the Democratic Republic of Congo sent a letter asking the European Union to cancel a critical minerals partnership with Rwanda because of its support for a...
Guinea sees maximum Simandou output in second year of operation
Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation. The government projects the two...
Gates-backed KoBold begins hunt for battery metals in Namibia
KoBold Metals Co., backed by billionaires including Bill Gates and Sam Altman, is extending its search for battery metals to Namibia, a country not known for producing the minerals. The company is...
De Beers CEO says US diamond demand shows signs of recovery
De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse...
Energy giant Vitol targets copper market with hire from Glencore
Vitol Group has hired a former Glencore trader to develop a copper business, as the energy trading powerhouse seeks to enter the highest-profile metals market. Bruno Porto, a veteran copper trader...
ERG mulls selling Mozambican assets, reviewing Congo permits
Kazakhstan-backed Eurasian Resources Group plans to review some of its mining permits in the Democratic Republic of Congo and is considering selling assets in Mozambique as part of a revamp, the...
Trump’s Canada, Mexico border deals avert trade war for now
President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbors agreed to take tougher measures to combat migration and drug trafficking at the border,...
Copper and zinc climb as Trump delays tariffs on Canada, Mexico
Copper and zinc rose after President Donald Trump delayed tariffs on Canada and Mexico by a month, dragging the US dollar lower. Copper, an industrial bellwether, extended gains Tuesday amid the...
US aluminium industry urges Trump to exempt Canada from tariffs
The US aluminum industry called on President Donald Trump to exempt Canadian imports of the raw metal from his planned tariffs to help protect jobs and domestic manufacturers. Trump announced...
Metals drop as Trump tariffs raise inflation, growth fears
Iron-ore and aluminum led metals lower after President Donald Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that could sap global economic growth. The steelmaking...
Diamond-dependent Botswana needs economic reset, new leader says
Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional borrowing as part of a plan to diversify the...
Indonesia says climate plan 'certain' to be scrapped by Trump
An international plan to wean Indonesia off coal is certain to be scrapped by US President Donald Trump, according to the country’s climate envoy. The US is certain to exit the nation’s Just...
Trump barrels toward tariff showdown with Canada, Mexico, China
President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation. The...
World Bank, AfDB set terms for Africa to win $40bn in power finance
The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two...
Chinese firms to build $2bn Tanzanian rail to nickel mine
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...
Navajo Tribe agrees to allow uranium shipments, ending six-month standoff
Energy Fuels reached an agreement with the Navajo Nation to resume transport of uranium ore on the nation’s territory after a six-month standoff that halted production at the company’s Arizona...
Botswana’s leader says diamond deal reached with De Beers
Botswana’s President Duma Boko, who swept to power in October elections, said his government has reached a diamond extraction and sales agreement with De Beers that will bring certainty to the...
Liberia anticipates new minerals discovery will draw $3bn
Liberia expects to attract $3-billion in investment after the discovery of new minerals, President Joseph Boakai said. Studies conducted over five decades and funded by the Chinese show the iron...
DeepSeek reveals how badly energy industry needs AI for growth
Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an...
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