Goldman Sachs says gold could surge if Fed’s credibility damaged

Gold could rally to almost $5 000/oz if the Federal Reserve’s credibility were damaged and investors shifted just a small portion of holdings from Treasuries into bullion, Goldman Sachs Group Inc.... 

Peabody expects big jump in US coal demand in Trump era

Swelling US demand for electricity has the potential to boost coal consumption as much as 57%, according to mining giant Peabody Energy, in what would be a major shift for an industry that’s been... 

Australia backs coal mine extension, stoking climate backlash

The Australian government approved an extension to a Glencore thermal coal mine, sparking renewed concerns from environmental groups about the country’s efforts to tackle climate change.... 

Lab-grown gems are robbing Botswana of its diamond riches

Across Botswana the lines of patients outside government clinics are lengthening, construction companies dependent on state jobs are firing workers and university students are threatening to... 

Tariffs turn aluminium maker Rio Tinto into buyer in US market

Rio Tinto, one of the world’s largest aluminum producers, runs a refinery and five smelters in Canada’s Quebec province, with most of the metal flowing south to the US market. Now, with President... 

Top gold miner Newmont plans job cuts in sweeping cost drive

Newmont, the world’s largest gold miner, is studying plans to drive down costs that could lead to deep job cuts, following its $15-billion acquisition of Newcrest Mining in 2023. The company’s... 

South Africa set to open first underground gold mine in 15 years

South Africa is set to open its first new underground gold mine in 15 years – an increasingly rare event for a country that was once the world’s largest producer of the precious metal. West Wits... 

Mining tycoon Rinehart joins push against costs of net zero

Mining tycoon Gina Rinehart, Australia’s richest person, has urged the country to ditch its pursuit of net zero emissions, insisting the costs of climate action will devastate sectors from... 

Nurol said to eye Alamos’ Türkiye mines stuck in $1bn claim

Türkiye’s Nurol Holding is seeking to buy Alamos Gold Inc.’s local mines in a deal that could bring an end to the Canadian miner’s $1 billion claim against the government for alleged mistreatment.... 

Zambia assures public water is safe after mine-pollution spill

The Zambian government sought to calm public concerns about pollution levels after a study found that the damage done by a disaster at a Chinese state-owned copper mine in February was much larger... 

Chinese copper maker an unlikely winner from Trump’s tariffs

One of China’s biggest copper fabricators is set to reap a windfall from President Donald Trump’s efforts to boost US production of the metal. Zhejiang Hailiang Co., a major manufacturer of copper... 

Glencore shakes up trading team with head of coal to exit

The head of Glencore's huge coal-trading operation is leaving in the biggest shake-up of the company’s trading unit in years. The news comes after Glencore, an historic name in commodity trading... 

UK resets ties with Zimbabwe in push for critical minerals

Zimbabwe and the UK are rekindling diplomatic ties after almost three decades of tension, driven by a global surge in demand for critical minerals that’s led the former colonial power to pursue... 

US hits gold bars with tariffs in blow to Switzerland, FT says

The US government has placed tariffs on imports of one-kilogram gold bars, threatening to shake up the bullion market and dealing a blow to Swiss trade, the Financial Times has reported. The... 

Codelco collapse was likely caused by mining rather than nature

The seismic event that caused a fatal collapse at Codelco’s biggest mine in Chile is likely to have been caused by mining activity rather than nature, according to a person with direct knowledge of... 

Copper market to feel impact of accident in Chile

Codelco stopped processing ore at its biggest copper mine in Chile after a deadly tunnel collapse July 31 prompted a halt of underground activities. The El Teniente complex ran out of stockpiled... 

Africa’s critical minerals key to clean-energy drive, AFC says

Africa’s role in the global pivot toward cleaner sources of energy should focus on increasing the supply of critical minerals needed to make the transition, rather than on reducing its own... 

US to pursue seabed mining with Cook Islands after China pact

The US has entered talks with the Cook Islands to develop seabed mineral resources, just months after the South Pacific nation formalized cooperation pacts with China that included exploration for... 

Platinum crunch comes to a head as US, China snap up metal

A years-long supply crunch in platinum has come to a head, with banks scrambling for dwindling stocks in London as buyers in China and the US hoover up much of the available metal. The market... 

Mantashe, Sibanye-Stillwater clash over US minerals plan

A proposal by South Africa’s biggest mining company and other business leaders advising President Cyril Ramaphosa on how to offer the US access to Africa’s critical minerals angered the nation’s... 

Copper rises as Chile stoppage stirs fresh concerns about supply

Copper rose for a second day as Chilean mining giant Codelco grappled with the aftermath of a deadly accident at one of the world’s biggest underground mines. Six people were killed in a tunnel... 

Greer says US-China talks 'about halfway there' on rare earths

US Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies.... 

Vale says ERG Brazil mine investment still not adding up

Top iron-ore producer Vale continues to weigh an investment in Eurasian Resources Group’s Brazilian mine project, but says it has not yet found a cost-effective way to develop it. “The volume of... 

Copper ‘lotto tickets’ pay off after Trump shrinks from tariffs

Options traders who bet the Trump administration would renege on its promise to tariff raw copper imports are cashing in big. On Wednesday evening, more than 31 000 contracts went from... 

The world's biggest iron-ore windfall is fading for Australia

Flying deep into the heart of Western Australia, Rio Tinto Group executives, politicians and media step off a chartered jet into a Pilbara airport, little more than a sunbaked shed with metal... 

Vedanta misses quarterly profit estimates on weak aluminium prices

Indian metals-to-oil conglomerate Vedanta missed quarterly profit estimates on Thursday, as lower aluminium and copper prices and higher tax expenses overshadowed the impact of strong local... 

Lithium miners sound alarm as EV struggles pile on pressure

A slew of corporate reports from Australian lithium producers has thrown a fresh spotlight this week on an industry riven by write-downs, cost controls and hard choices as the world’s... 

Fidelity says $4 000 gold possible as Fed cuts and dollar drops

Gold could hit $4 000/oz by the end of next year as the Federal Reserve lowers interest rates to cushion the US economy, the dollar drops, and central banks keep expanding holdings, according to... 

Three miners freed from Newmont mine after 60 hours underground

Three miners who were trapped behind fallen debris at a Canadian gold mine are safely back on the surface after what Newmont called a “meticulously executed” rescue plan. Three Hy-Tech Drilling... 

Congo is targeting cobalt price that boosts local processing

The Democratic Republic of Congo is seeking a cobalt price that encourages domestic processing, as the government considers its next steps to follow a ban on exports of the battery metal, according... 

Latest Teck setbacks in Chile underscore copper supply struggles

Teck Resources’ lowered production guidance for its flagship Chilean mine in the latest setback to the Canadian company’s efforts to join the copper big leagues. The sprawling Quebrada Blanca... 

Six university students drown at Zhongjin gold mine in China

Six students from a Chinese university died during a visit to a mine owned by Zhongjin Gold in Inner Mongolia, northern China. The students from Northeastern University in Shenyang, Liaoning... 

Glencore to shut Australian copper mines with smelter on brink

Glencore is on track to close its last two copper mines in Mt Isa, Queensland, next week, ahead of a decision on whether to also shutter a smelter at the same complex. A shutdown of the mines –... 

Platinum market’s ‘deep’ tightness shows little sign of relief

The platinum market has tightened to unprecedented levels in the past few days as tariff fears and speculative buying pull metal from the key London and Zurich markets into warehouses in the US and... 

Rare-earth miner Aclara seeks state funding for US-Brazil plans

Aclara Resources is in talks with US government agencies for possible financing toward its $1.5-billion plan to mine rare earths in Latin America and develop processing facilities in the US. The... 

Copper-laden ships race to reach US ahead of Trump’s 50% tariffs

At least four ships carrying copper are trying to reach US ports before August to get ahead of planned import tariffs on the metal. The shipments represent the final scramble by merchants to cash... 

Seabed regulators will scrutinise mining firms seeking US licences

A United Nations-affiliated organisation with jurisdiction over the global seabed took a tentative step Monday to respond to US President Donald Trump’s fast-tracking of deep-sea mining for... 

Brazilian miners warned of potential $1bn in tariff pain

The Brazilian mining industry is warning of dire economic consequences if the government resorts to reciprocal tariffs in retaliation for US President Donald Trump’s threatened 50% levy starting... 

Trump's critical minerals obsession reignites deep-sea mining

The leader of one of the most aggressive seabed mining startups spent years invoking global warming to spark interest in extracting avocado-sized rocks rich in electric-vehicle battery metals from... 

Russian precious metals sales to China hit $1bn

Russian precious metals exports to China almost doubled in the first half of the year, as record gold prices boost revenue. Chinese imports of Russian precious metal ores and concentrates,...