Gold nears fresh record with focus on US election and Fed rates

Gold rallied toward a fresh record high as investors turned their attention to the upcoming US election, with polls forecasting a razor-thin contest with less than three weeks to go. The precious... 

Mosaic expects Florida facilities to return to full production soon

Fertiliser maker Mosaic said on Monday that its Florida facilities are expected to return to full production capacity over the coming days after being idled due to Hurricane Milton. Milton, which... 

Australia’s largest pension says China boom times have finished

China’s latest bout of stimulus may help stabilise the country’s property crisis but investors should position for the end of the economy’s boom years, says the investment chief of Australia’s... 

Philippines’ top coal producer plans $5bn mine expansion

Semirara Mining and Power, the Philippines’ largest coal producer, said it’s looking to spend 291.4-billion pesos ($5.07-billion) to expand its mines. The company has proposed to the Department of... 

Exxaro seeks to acquire manganese mining assets

Exxaro Resources, one of South Africa’s biggest coal producers, wants to become a major player in the country’s manganese mining industry. After losing out on a copper mine in Botswana last year,... 

Rio takes step toward M&A redemption with $6.7bn lithium bet

A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan, and then the ill-conceived... 

French firm boosts uranium mining and enrichment capacities as market tightens

France’s Orano is boosting uranium mining and processing capacity as supplies of the nuclear fuel tighten on stronger demand and moves to reduce the world’s reliance on Russia. The... 

JPMorgan says European miners underpricing US election risk

European mining stocks could see their valuations fall by as much as 20% if US tariffs are imposed following next month’s election, and the industrial metals market is underpricing this... 

Alumina surges to record on supply disruptions and China demand

Alumina futures in Shanghai spiked to a record as global supply disruptions and resilient Chinese demand continue to tighten the market of the main feedstock for aluminum smelters. Alumina surged... 

Zambia will own some mining permits after mapping exercise

Zambia’s government intends to keep ownership of some mining licenCes that are shown to be promising by an ongoing mapping exercise and invite private investors to develop the assets alongside the... 

China’s top miner to spend $24bn on coal-to-oil project

China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.... 

Canada green taxonomy unlikely to include new natural gas sites

Canada has provided more clarity on what it considers to be homegrown green investments — with new natural gas projects unlikely to make the cut. On Wednesday, Finance Minister Chrystia Freeland... 

Rio arrives in lithium with a survival-of-the-fittest mentality

Rio Tinto is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals.... 

Coal expansion helps lure insurers back to producer Whitehaven

Whitehaven Coal, one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to... 

Ex-Glencore execs must wait until 2027 for bribery trial

A group of former Glencore executives accused of bribery and corruption in West Africa by the UK will have to wait until 2027 to face a trial. England’s criminal courts are suffering from a... 

France nears disbursement of second climate loan to South Africa

France is nearing the disbursement of a second loan to South Africa’s Treasury under the Just Energy Transition Partnership programme. “We are in the final stages of preparing a second loan,”... 

Cameco eyes expansions of uranium mines on rising nuclear demand

Cameco, one of the world’s top uranium producers, is considering expanding some of its mining projects as global demand for nuclear power rises, according to its top executive. “We’ve got some... 

Investors with $15tr signal new approach to miners

Investors need to adopt a new approach to the mining sector if that industry is to meet the growing demand for minerals and metals needed for the green transition. That’s the central message in a... 

Iron-ore pushes higher on hopes more China stimulus is coming

Iron-ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning. The steelmaking staple... 

France’s Orano sees progress developing uranium mine in Mongolia

A long-delayed, multi-billion dollar uranium project in Mongolia under development by French State-controlled miner Orano could start producing the nuclear fuel by 2030, the company said.... 

Angola diamonds not under sanctions but Russia link is obstacle

Angola’s State-owned diamond producer said some clients were deterred by its partnership with Russia’s Alrosa PJSC, but underlined that its output doesn’t fall under western sanctions. Russian... 

North Carolina quartz mine owner says Helene damage was minimal

The owner of a North Carolina quartz mine that’s a key source for high-purity quartz used in global semiconductor manufacturing said its operations sustained only minor damage in the wake of... 

Green hydrogen hype fades as high costs force project retreat

Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the biggest would-be developers of the... 

Sudden shift in China metals sentiment drives LME week optimism

Metals traders arriving in London for LME Week were in for a surprise as they caught up with friends and customers from China. For the last couple of years, the biggest consumer and producer has... 

Gold miners say they’re now disciplined as dealmaking heats up

With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending. There has been a flurry... 

China's fast-growing copper champion is reshaping global metal supply

Chen Jinghe was not long out of university when a government official handed him the assignment that would change his life. Go to Zijin mountain, he was told, and find gold. It was 1982, and the... 

Vale backs Brazil critical minerals fund in nod to government

Vale is committed to investing in Brazil’s first fund to support critical minerals as it seeks to diversify, the new chief of the world’s No. 2 iron-ore supplier said Wednesday. Vale has 90% of... 

Panama sees exports of stockpiled First Quantum copper as viable

Panama’s finance chief said he sees no good reason why First Quantum Minerals shouldn’t export the large volume of copper stockpiled at its shuttered mine in the country. The government is working... 

Chile pinpoints new lithium areas for private-sector development

Chile has identified new lithium areas that will be offered to the private sector as authorities attempt to tap more of the world’s biggest reserves of the battery metal, despite a current glut in... 

China stimulus likely to boost Australian economy, Chalmers says

Australian Treasurer Jim Chalmers hailed China’s new stimulus effort as a “really welcome development” for both his nation and the global economy after meetings with counterparts in Beijing during... 

Glencore copper mine in Congo locked in €800m royalty row

A Glencore-owned copper mine in the Democratic Republic of Congo is embroiled in a row over royalties with local tax authorities. The government body – known by its French acronym DGRAD – says that... 

Rio Tinto aims to produce copper in Arizona by end of decade

Rio Tinto aims to start churning out copper from a long-delayed mining project in Arizona by the end of the decade, according to CEO Jakob Stausholm. “From a permitting point of view, we are... 

Zijin wants its Africa copper mine to rival the world’s biggest

China’s Zijin Mining Group Co. is considering an expansion of its jointly-owned copper mine in the Democratic Republic of Congo that would place it among the world’s biggest single sources of the... 

Harris vows to create US critical minerals stockpile, incentives

Vice President Kamala Harris vowed to create a national stockpile of critical minerals, saying a cache of the materials used in everything from batteries to defense systems is needed for economic... 

US-led group weighs funding more mineral projects to counter China dominance

A US-led coalition of countries is looking at funding more minerals projects using a financing network aimed at combating China’s dominance of metal supply chains. The Minerals Security... 

China mining heavyweights partner with Zimbabwe on lithium mine

Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company. The two firms already... 

China’s Tianqi to keep fighting for role in SQM lithium deal

Tianqi Lithium vowed to continue its battle for a say in a planned deal to share ownership of one of the world’s biggest lithium operations, a case the company sees as crucial for future Chinese... 

Australia clears coal mine expansions in hit to green goals

Australia approved the expansion of three coal mines, sparking criticism of Prime Minister Anthony Albanese’s administration and its efforts to keep emissions in check. The government cleared an... 

Trafigura’s new boss is ex-soldier who says profit comes first

A couple of months ago, the man in line to be Trafigura’s next CEO, Richard Holtum, gathered the commodity trader’s staff in Singapore. His message was a simple one, according to several people... 

Australia eyes completion of US critical minerals pact this year

Australia expects to conclude an agreement with the US over critical minerals before the end of the year, Prime Minister Anthony Albanese said. Critical minerals and their supply chain will be...