OPEC+ extends deep oil production cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US... 

Tianqi weighs bid to protect interests in Chile's SQM-Codelco lithium deal

China's Tianqi Lithium, a major shareholder in Chile's SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco. Friday's pact, while... 

Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on... 

Codelco and SQM announce final lithium agreement

Chile's State copper producer Codelco and lithium company SQM have agreed to a final deal to create a joint venture for lithium production in the Salar de Atacama, both companies said in statements... 

Indonesia to issue copper export permits for Freeport, Amman

ndonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies... 

Queensland outlaws carbon storage in Australia's biggest aquifer

Australia's Queensland state will ban carbon capture and storage in a giant aquifer that spans much of its territory, the state government said on Friday, after an outcry from farmers who said such... 

Chile's ENAMI aims to break ground on first lithium project by 2028

Chile's State mining firm ENAMI aims to start construction on its first lithium project in the country as soon as 2027 or 2028, company chief Ivan Mlynarz told Reuters, part of the government's... 

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad... 

How a rattled South Africa became Anglo's best defence against BHP bid

Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo's local platinum and iron ore assets... 

UK politicians urge Anglo to rethink fertiliser project halt

UK politicians are calling on Anglo American AAL.L to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting... 

Investors relieved BHP walked from Anglo takeover deal

nvestors welcomed BHP Group's decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six... 

China 2024 rare earths quota growth set to slow amid supply glut

Rare earth quotas in China, which the world's top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut, industry participants said on Wednesday. Rare... 

Botswana flags synthetic gem threat ahead of $6bn diamond project launch

Botswana’s President Mokgweetsi Masisi on Wednesday called synthetic gems a threat to the country's economic lifeblood, as the government readies to launch a $6-billion project to extend the life... 

BHP walks away from $49bn pursuit of mining rival Anglo

Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit.... 

Botswana wants quick separation of De Beers from Anglo, President says

Botswana is hoping for a quick separation of De Beers from the Anglo American group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi... 

BHP seeks extension as crunch time for $49bn Anglo bid approaches

BHP Group on Wednesday asked for more time to try to win over takeover target Anglo American, hours before a deadline for the world's biggest miner to firm up its $49-billion offer for its smaller... 

Indonesia buying record amounts of Philippine nickel ore due to quota delays, sources say

Top nickel producer Indonesia has bought record volumes of nickel ore from the Philippines since April as smelter demand increases, while delays by Jakarta in issuing mining quotas and heavy rains... 

DR Congo names new government after months of delay

Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for... 

BHP, Anglo dig in even as takeover talks deadline nears, sources say

BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a... 

Poland's PGE would like spin-off of coal assets to happen in 2025

Polish utility PGE would like the planned spin-off of its coal assets to happen in 2025, CEO Dariusz Marzec said during a press conference on Tuesday. Once PGE completes the conceptual and... 

Berkeley seeks $1bn in damages from Spain over uranium mine dispute

Australian mining group Berkeley Energia said on Tuesday it had filed a request for an arbitration to seek $1-billion in damages from the Spanish government after it refused to give final approval... 

Post-Covid, China is back in Africa and doubling down on minerals

China's flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade... 

Vulcan rejects Mexico's 'illegal expropriation' of its investments

US construction company Vulcan Materials on Monday rejected what it considers the "illegal expropriation" of its investments in Mexico and said it remains open to a negotiated solution with the... 

Barrick's Porgera mine in PNG operating without restriction after landslide

The Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold said on Monday, after a massive landslide struck in the province... 

Five killed after informal gold mine collapses in northern Kenya

At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been... 

Uncertainty over coal jobs ahead of South Africa elections

Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni... 

Grupo Mexico's Asarco to reopen US copper smelter amid surging prices

Asarco, the mining company controlled by industrial conglomerate Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as prices for the red metal hit record... 

BlackRock encouraged Anglo to extend talks with BHP, source says

Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person... 

Environmental activists sue Norway over seabed mineral plan

Environmental campaigners have filed a lawsuit at an Oslo court challenging Norway's plan for seabed mineral exploration, citing insufficient impact assessment of the mining, the World Wide Fund... 

SQM expects to close Codelco lithium deal by May 31 deadline

Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said... 

Australian natural gas industry seeks policy repairs to boost investment

Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and... 

Australian state blocks Glencore's carbon storage project over groundwater risk

A Glencore carbon capture and storage project in eastern Australia cannot go ahead because it could irreversibly harm groundwater used by farmers, a state government said on Friday, adding that it... 

Hecla appoints interim CEO as Baker resigns

Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23... 

Russia's Nornickel board proposes no dividend for 2023 results

The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical... 

Activist investor asks Rio Tinto to give up its primary London listing

A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser... 

SQM swings to $870m loss as oversupply sinks prices

Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for... 

South32's CEO says open to buying joint Anglo manganese assets

Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr... 

BHP shares fall after Anglo American rejects proposal

Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a... 

First Quantum seeks to speed up Peru projects after Panama debacle

Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void,... 

At least two companies seek Norway seabed mining permits

Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial...