Codelco ends El Teniente rescue effort after five miners found dead

 All five workers at Chile's El Teniente copper mine who were trapped in a collapse last week have been found dead, miner Codelco said on Sunday, as it vowed to investigate the cause and improve... 

Codelco says it has yet to reach missing workers at El Teniente mine

Chilean copper producer Codelco has still not had contact with five missing workers at El Teniente's Andesita unit following a seismic incident that killed one person, El Teniente's general manager... 

China 2025 copper output set to hit record high despite feedstock shortages

China's refined copper output is set to hit a record high in 2025, analysts say, as its giant smelting sector powers through a global shortage of copper ore that is forcing some overseas... 

Australia eyes more US exports as Trump holds tariffs at 10%

 Australian products could become more competitive in the US market, helping businesses boost exports, Trade Minister Don Farrell said on Friday, after US President Donald Trump kept the minimum... 

Trump increases tariff on Canada to 35% from 25%

US President Donald Trump on Thursday signed an executive order increasing tariffs on Canadian goods to 35% from 25% on all products not covered by the US-Mexico-Canada trade agreement, the White... 

Trump administration to expand price support for US rare earths projects, sources say

Top White House officials told a group of rare earths firms last week that they are pursuing a pandemic-era approach to boost US critical minerals production and curb China's market dominance by... 

Moody's lowers SQM rating outlook due to lithium uncertainty

Moody's Ratings affirmed the credit rating of Chilean lithium miner SQM but lowered its outlook to negative from stable due to uncertainty around lithium revenue, the agency said on Thursday.... 

BHP, Vale accused of 'cheating' UK law firm out of $1.7bn in fees

BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands of people over Brazil's worst environmental disaster, alleging the companies sought to cheat the firm... 

Southern Copper warns that US-China trade war could hit copper in short-term

Grupo Mexico's Southern Copper mining unit believes the US-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to... 

Grupo Mexico evaluating US investments after scaled-back copper tariff

Grupo Mexico, a major copper producer, is looking to decide on investments for projects in the United States within the next three to five years, an executive said on a call on Wednesday, as... 

Albemarle posts surprise second-quarter profit on lithium demand; shares surge

Albemarle, the world's largest producer of lithium for rechargeable batteries, posted a surprise second-quarter profit on Wednesday, helped by sustained demand for the metal, sending its shares up... 

Trump's watered-down copper tariffs almost crush Comex premium

The once-mighty premium US copper enjoyed over the global benchmark shrank to near zero on Thursday as markets clawed back months of gains in hours of frenzied trading after President Donald Trump... 

Rio Tinto CEO sees huge demand growth for lithium

Rio Tinto CEO Jakob Stausholm said on Wednesday the company sees huge demand growth for lithium, particularly in stationary batteries, after the company reported half-yearly results. "All the... 

Mining giant Grupo Mexico reports profit bump as copper costs shrink

Mining and transportation conglomerate Grupo Mexico reported net profit rose 10% in the second quarter, helped by lower mining costs and a good performance from its copper byproducts business even... 

Endeavour, two other gold producers sign on to Mali’s new mining code

London-listed Endeavour Mining and two other gold producers have agreed to migrate to Mali’s new mining code, government officials said. The code, which raises taxes and seeks to hand over big... 

New coal mines fell to 10-year low in 2024, but China pipeline risks oversupply, report says

New coal mining capacity fell to a 10-year low in 2024, but future projects especially in major producer China still risk oversupply, said a new report from US think tank Global Energy Monitor on... 

Woodside Energy takes operatorship of Bass Strait assets from ExxonMobil

Australia's Woodside Energy said on Tuesday it will take over operatorship of the Bass Strait oil and gas assets from ExxonMobil, unlocking an estimated $60-million in synergies. The Bass Strait... 

Iron-ore stays above $100/t amid Sino-US trade talks; coal slump continues

Iron-ore futures prices held well over the key psychological level of $100 a metric ton on Tuesday, while investors closely monitored the renewed Sino-US trade talks for signs of progress. The... 

Chile will ask US to include copper within US-Chile trade deal

Chile expects US copper tariffs to be discussed within broader US trade talks in Washington this week, Finance Minister Mario Marcel said on Monday in an interview with local radio program Duna.... 

Peru mulls green light for $6bn in mining projects

 Peru is considering whether to give the green light to a wave of new mining projects worth a combined $6-billion in investments, President Dina Boluarte said on Monday, as her deeply unpopular... 

Trump team hears pitches on access to Myanmar's rare earths

 The Trump administration has heard competing proposals that would significantly alter longstanding US policy toward Myanmar, with the aim of diverting its vast supplies of rare earth minerals away... 

Ghana cancels $1.2bn bauxite deal, eyes global partnership, sources say

Ghana has cancelled a $1.2-billion bauxite lease with local firm Rocksure International, seeking a partnership instead with a big overseas company to tap one of West Africa’s richest deposits,... 

Coking coal retreats on profit-taking activities

Prices of coking coal futures in China retreated on Monday, as investors closed long positions to cash in profits after the steelmaking ingredient's dramatic price rally prompted the Dalian... 

Transnet secures more than R95bn in fresh govt guarantees

South Africa's government will give Transnet an additional R94.8-billion rand guarantee facility to support the ailing State-owned logistics firm's recovery plan, the transport ministry said on... 

Three workers rescued after being trapped at Newmont's Red Chris mine in Canada

Three workers from Hy-Tech Drilling at Newmont's Red Chris mine project were safely brought to the surface following a fall-of-ground incident, the company said on Friday. Newmont added that it... 

Whitehaven Coal's fourth-quarter production climbs, price pressures in focus

Australia's Whitehaven Coal reported an almost 9% rise in production for the fourth quarter on Friday on the back of a strong performance at its mines, while flagging price pressures due to an... 

Gold miner Newmont's quarterly profit beats estimates as bullion rallies

Newmont surpassed Wall Street expectations for second-quarter profit as the world's top gold miner benefited from a rally in bullion prices, sending its shares 4% higher in extended trading on... 

Japan copper smelters face tough talks with global miners over processing fee

Japanese copper smelters face tough mid-year negotiations with global miners over treatment and processing charges (TC/RCs) as they wouldn't be able to accept the very low terms that Chinese... 

Top copper producer Chile still without details on US tariffs, officials say

 Chile's Mining Minister and the chairman of the world's biggest copper producer, Codelco, said on Wednesday they have not yet received details on 50% copper tariffs due to be imposed by the United... 

Argentina approves Galan Lithium for incentives scheme, but rejects Ganfeng

Argentina approved Australian miner Galan Lithium's $217-million lithium project in the Catamarca province for a new incentives programme known as RIGI, but rejected a separate bid from China's... 

White House taps mining expert to head national security office, sources say

 The White House has tapped a former mining executive to head an office at the National Security Council focused on strengthening supply chains, three sources said, as a pared-down NSC zeroes in on... 

Lynas sees higher rare earths prices after US backs MP Materials

Prices of rare earths could rally further given growing demand for Western material, reflected in a recent deal by the United States that has shown its resolve to rebuild the sector outside China,... 

Botswana seeks control of Anglo's De Beers diamond business, FT reports

Botswana is seeking to take a controlling stake in De Beers as Anglo American prepares to divest from the diamond giant, the Financial Times reported on Wednesday, citing the country's mining... 

Chile bumps up copper price forecast, flags lagging Collahuasi output

Top copper supplier Chile on Wednesday bumped up its outlook for prices of the red metal, though it flagged lagging output from a major mine operated by Glencore and Anglo American as weighing on... 

Three people trapped underground at Red Chris mine in Canada, Newmont says

Three workers are trapped underground at a western Canadian mine operated by Newmont Corporation, the company and a senior elected official said on Wednesday, adding a rescue operation was... 

Zimplats weighs reopening mothballed mine as prices rebound

-Impala Platinum's Zimbabwean business is considering reopening a mine mothballed in 1998, an official said on Wednesday, after platinum prices rallied to their highest level in more than a decade.... 

China's Zijin leads race to buy Barrick’s Tongon gold mine, sources say

China's Zijin Mining is the front-runner to acquire Barrick Mining's Tongon gold mine in northern Côte d'Ivoire for up to $500-million, two sources close to the matter told Reuters. Barrick, the... 

New Ghana mining laws to shorten licence periods, boost community investment

Ghana plans to shorten mining licence durations and mandate direct revenue-sharing with local communities in its most sweeping mining law reforms in nearly two decades, details of which were... 

Freeport-McMoRan still waiting for US copper tariff details, CEO says

Freeport-McMoRan has yet to see details of US President Donald Trump's plan to impose a 50% tariff on copper imports starting next week, its CEO said on Wednesday after the mining company posted... 

Green hydrogen retreat poses threat to emissions targets

Green hydrogen developers are cancelling projects and trimming investments around the world, raising the prospect of longer than targeted reliance on fossil fuels. The challenges facing the sector...