Bullion markets breathe sigh of relief after Trump says gold will not face tariffs

US President Donald Trump on Monday said he would not impose tariffs on gold, a move welcomed by global bullion markets and which ended days of speculation that the yellow metal could be caught up... 

Peabody's $3.8bn bid on Anglo American mines looms next week

Peabody Energy is set to reveal on August 19 whether it will continue with its $3.78-billion bid for Anglo American's Australian coking coal mines, as time ticks down for it to renegotiate a lower... 

Iron-ore rises on China restocking demand from steel mills

 Iron-ore futures rose on Monday, supported by strong restocking demand from steel mills in China amid healthy profit margins and low inventories, although expectations of production cuts in... 

Indonesia H1 coal output at 357.6Mt

Indonesia produced 357.6-million metric tons of coal from January to June this year, with 238-million tons exportedover the same period, Energy and Mineral Resources Ministry data showed on... 

CATL suspends operations at major lithium mine, seeks new licence

Chinese battery giant Contemporary Amperex Technology said on Monday it had suspended production at a major lithium mine after its licence expired, sparking a surge in lithium futures and miners'... 

HSBC raises silver price outlook on gold strength, geopolitical risks

HSBC has lifted its silver price forecasts for 2025, 2026, and 2027, citing strong support from high gold prices and safe-haven demand in the face of geopolitical and economic uncertainty. The... 

White House to clarify tariffs for gold bars as industry stops flying bullion to US

The White House plans to clarify what its official called misinformation about import tariffs for gold bars amid uncertainty, which saw some industry players pausing deliveries of bullion to the... 

Codelco gets approval from labour inspector to restart El Teniente operations

Copper miner Codelco received authorization from Chile's labor inspector office to begin resuming certain operations at its flagship El Teniente copper mine, it said on Saturday, after more than a... 

Australian lithium miners gain after report CATL suspends operations at China mine

Shares in Australia-listed lithium miners surged on Monday, after a report that battery manufacturer Contemporary Amperex Technology (CATL) had suspended production at a major Chinese mine for at... 

Congo names veteran executive Kabamba as mines minister in reshuffle

Democratic Republic of Congo appointed former mining executive Louis Watum Kabamba as mines minister in a cabinet reshuffle, the government said on Friday, ahead of key decisions on potential... 

Adani to build India's biggest privately funded coal power plant in a decade

Indian billionaire Gautam Adani's group will build and operate a $3-billion coal-fired power plant in Bihar state with a 2.4 GW capacity, it said on Thursday, the biggest coal plant constructed in... 

China July coal imports fall 23% on ample domestic supply

 China's July coal imports fell 23% from a year earlier to 35.61-million metric tons, General Administration of Customs data showed on Thursday, as ample domestic supply curbed demand. While... 

BHP, Vale offer $1.4bn settlement in UK lawsuit over Brazil dam disaster, FT reports

Global miners BHP Group and Vale have offered around $1.4-billion to settle a class action lawsuit in the United Kingdom tied to one of Brazil's worst-ever environmental disasters, the Financial... 

Australian miner Fortescue lands near $2bn loan to advance decarbonisation

Fortescue said on Friday it had secured a syndicated term loan facility worth 14.2-billion Chinese yuan ($1.98-billion) as the Australian miner looks to support its ambitious decarbonisation... 

Chile's ENAMI opens door to investors for $1.7bn smelter

Chile's state-run mining company Enami has kicked off a process to draw in investors for a $1.7-billion smelter in exchange for copper cathode supply, it said on Wednesday. The Hernan Videla Lira... 

Australia to invest A$50m to boost Liontown's Kathleen lithium operations

The Australian government said on Thursday it will invest A$50-million in Liontown Resources to help ramp up operations and transition to underground mining at its flagship Kathleen Valley project,... 

Rio Tinto says no economic incentive for green steel in Australia

Rio Tinto joined peer BHP on Thursday to play down Australia's prospects of building out a "green iron" sector that would help decarbonise the steel industry because the country lacks the economic... 

Nutrien beats quarterly profit estimates on strong potash demand

Nutrien topped Wall Street estimates for second-quarter profit on Wednesday, as the world's top potash producer benefited from improved demand in North America amid a robust corn planting season.... 

Mining giants squeeze dividends with an eye toward funding growth

So far this earnings season, large miners are paying out their lowest dividends in years, as mineral prices slip and they need to retain cash for their massive development projects, while trying to... 

Codelco asks to restart part of El Teniente mine after accident

Copper miner Codelco has asked Chile's mining regulator for permission to reopen a part of its flagship El Teniente mine after a collapse last week that killed six people, two sources with... 

BHP and Lundin will request Argentina incentives, but other miners fear missing out

 BHP and Lundin plan to soon apply for a new Argentine investment incentives scheme for their Vicuna copper project, but other miners fear they may get left out before the program's cut-off date a... 

Zimbabwe platinum miners owed millions in unpaid export earnings

Zimbabwe's platinum miners are owed millions of dollars in unpaid exports income under the government's foreign currency retention rules, the mining chamber has said, hurting operations in a sector... 

Uranium Energy's Sweetwater plant on fast track for in-situ mining approval

Uranium Energy's  Sweetwater Uranium Complex in Wyoming has been selected by the US government for a fast-tracked process of approval to add in-situ recovery capability, it said on Tuesday. In... 

Why did copper escape US tariffs when aluminium did not?

A US decision last week to exempt refined copper metal from import duties is in contrast to an earlier move to levy steep duties on aluminium, and highlights the central importance of electricity... 

Guinea revokes Emirates Global Aluminium's mining concession, statement says

Guinea has revoked the bauxite concession awarded to a subsidiary of Emirates Global Aluminium (EGA) and transferred it to a newly created state-backed firm, citing violations of its mining code,... 

Tianqi Lithium Australia JV says it is prioritising long-term viability of refinery

Tianqi Lithium Energy Australia said on Tuesday it was prioritising the long-term viability of its loss-making Kwinana lithium hydroxide refinery after one of the joint venture's owners raised... 

Australia considering price floor to support critical minerals projects, Minister says

Australia is considering setting a price floor to support critical minerals projects, including rare earths, Resources Minister Madeleine King said, in comments that led to a jump in share prices... 

Australia to provide A$135m bailout for Trafigura lead, zinc smelters

The Australian government said on Tuesday it will provide A$135-million in financial support for two smelters owned by Nyrstar, a unit of commodity trader Trafigura, in the country's south.... 

Sibanye-Stillwater's call for US tariff on Russian palladium may add to price volatility

Sibanye-Stillwater has asked the United States to consider imposing a tariff on Russian palladium imports to support the long-term viability of US supplies, in a move that could increase volatility... 

McEwen Mining to complete Argentina mine feasibility study in two months, executive says

McEwen Mining expects to complete a feasibility study for its Los Azules copper mine in Argentina in two months, paving the way for the Canadian miner to seek $600-million in financing needed to... 

Japan's Sojitz, JOGMEC team up with Alcoa for gallium study in Australia

Japanese trading house Sojitz established a joint venture with Japan Organization for Metals and Energy Security (JOGMEC) to study gallium production in Australia, Sojitz said on Monday. Gallium,... 

Citi raises gold forecast to $3 500/oz over next 3 months on negative US outlook

Citi raised its gold price forecast over next three months to $3 500 per ounce on Monday from $3 300, and the expected trading range to $3 300 to $3 600 from $3 100 to $3 500, on the belief that... 

Santos commits Narrabri gas for domestic supply in deal with ENGIE

Oil and gas producer Santos on Monday said it will supply utility firm Engie with up to 20 petajoules of natural gas a year from its Narrabri project in New South Wales that has been entirely... 

Peruvian informal miners suspend talks with government due to disagreements in negotiations

Informal miners in Peru suspended talks with the government and may resume protests due to disagreements in negotiations, one of the protest leaders said on Friday. CONFEMIN union leader, Maximo... 

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...