BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a... 

First Quantum in talks with potential partners for Zambian assets

First Quantum Minerals is in talks with potential partners for its Zambian assets, the Canadian miner said on Wednesday, without disclosing names of the firms. Last week, Reuters reported that... 

Grupo Mexico works to kick out illegal miners at Los Chancas project in Peru

Mining and transport conglomerate Grupo Mexico is working with authorities to wipe illegal mining at its Los Chancas project in Peru, the mining division's finance chief told analysts in a call on... 

Mineral Resources’ Ellison faces probe from Australian watchdog

Australia’s corporate watchdog is investigating Mineral Resources and its tycoon founder, Chris Ellison, after he made undeclared payments that avoided tax. “The Australian Securities and... 

Teck Resources Q3 profit beats estimates on higher copper production

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher production of copper at its Quebrada Blanca (QB) mine. The company reported an adjusted profit of... 

Dam disaster deal should curb lawsuits against Vale and BHP, sources say

An agreement by Vale, BHP and their joint venture Samarco to pay 170-billion reais ($29.85-billion) in compensation for a deadly dam collapse in Brazil could end more than a hundred lawsuits... 

Freeport-McMoRan sees data centers boosting copper demand, beats Q3 results estimates

Freeport-McMoRan said on Tuesday that demand for copper is expected to increase with more data centers being built, and the miner reported a better-than-expected quarterly profit as higher prices... 

Elliott sees more upside at Suncor, almost doubles stake to nearly $3bn

Two years after first pressing for changes at Canada's Suncor Energy, Elliott Investment Management is so convinced that ongoing improvements will yield a higher share price that it has nearly... 

Freeport-McMoRan's third-quarter profit beats on higher copper prices

Miner Freeport-McMoRan reported a third-quarter profit on Tuesday that beat analysts' estimates, helped by higher copper prices. Average copper prices rose in the third quarter on signs of better... 

Boliden's Q3 earnings up nearly 60% as production picks up

Swedish mining group Boliden reported a bigger than expected rise in its core earnings on Tuesday, saying production during the quarter had been good and metals prices were picking up. Boliden's... 

Iron-ore retreats as mounting concerns on weakening steel demand weigh

Prices of iron-ore futures fell on Tuesday, weighed down by concerns that demand for the key steelmaking raw material will slide, with steel demand in top consumer China showing signs of... 

Citi stays bullish on gold, hikes price 3-month outlook to $2 800/oz

Citi Research raised its three-month forecast for gold prices, citing possible further US labour market deterioration, interest rate cuts by the Federal Reserve, and physical and ETF buying, it... 

BHP trying to avoid responsibility over Brazilian dam collapse, UK court told

BHP is cynically trying to avoid its responsibility for Brazil's worst environmental disaster, lawyers representing thousands of victims told London's High Court on Monday, as a lawsuit worth up to... 

Endeavour Mining targets 200 000 oz/y of gold from Côte d'Ivoire mine

London-listed Endeavour Mining said on Saturday it had a goal of producing about 200 000 ounces of gold per year from 2025 from its second gold mine in Côte d'Ivoire. Lafigue Mine, inaugurated on... 

BHP faces $47bn UK lawsuit over Brazilian dam collapse

A hearing in a lawsuit against BHP over Brazil's worst environmental disaster, the 2015 collapse of the Mariana dam, will begin at London's High Court on Monday, with claimants seeking up to... 

US awards contracts for making higher enriched uranium for new reactors

The US rolled out initial contracts to four companies hoping to produce a new, more highly enriched uranium fuel for an expected wave of high-tech reactors, the US Energy Department said on... 

Olympic Dam copper mine halted on power outages, severe electrical storms

Global miner BHP's Olympic Dam copper mine faces power disruptions after severe electrical storms ravaged transmission infrastructure in the northern regions of South Australia, a company... 

After Nevada lithium deal, GM eyes other sources for EV minerals supply

General Motors is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly... 

Santos forecasts 2024 output at top end of forecast, Pikka first oil production may start early

Australia's second-largest oil and gas producer Santos estimated its full-year production to be at the top half of its forecast range on Thursday, and said its Pikka project could start oil... 

Saudi's Manara in advanced talks to buy stake in First Quantum's Zambian mines

Saudi Arabia's Manara Minerals is closing in on a deal to buy a minority stake in Canadian miner First Quantum Minerals' Zambian copper and nickel assets, three people familiar with the details... 

Antofagasta's Q3 copper output jumps 15% sequentially on destocking

Chilean miner Antofagasta reported a 15% rise in third-quarter copper output on Wednesday, compared with the previous three-month period, due to destocking of inventories at its Los Pelambres mine... 

Eramet cuts targets for Gabon and Indonesia mines on market, permit setbacks

France's Eramet  on Tuesday cut sharply its 2024 production targets for its manganese mine in Gabon and nickel mine in Indonesia, citing a downturn in the manganese market and a... 

Vale posts highest quarterly iron-ore output since 2018

Brazilian miner Vale reported on Tuesday a 5.5% increase in its third-quarter iron-ore production compared to a year earlier, reaching the highest level in almost six years. The company, one of... 

Gold industry sees prices rising to $2 941/oz over 12 months

The price of gold is expected to rise to $2 941 a troy ounce over the next 12 months from the current $2 661, delegates to the London Bullion Market Association's annual gathering predicted on... 

Kazatomprom strikes large uranium sale deal with Chinese buyers

Kazakhstan-based Kazatomprom, the world's largest uranium miner, has reached an agreement with CNNC Overseas and China National Uranium Corporation on the sale of natural uranium concentrates, it... 

Freeport Indonesia says it halts copper cathode output at Manyar after fire

Freeport Indonesia has halted copper cathode production at its Manyar smelter after a fire on Monday, the company's chief executive said in an interview with Kompas TV on Tuesday. The fire... 

Central banks remain keen buyers of gold, representatives tell bullion conference

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual... 

China will launch platinum, palladium futures in Q1, producers' council says

The Guangzhou Futures Exchange (GFEX) is expected to launch its first platinum and palladium futures contracts in China in the first quarter of 2025, Weibin Deng, head of Asia Pacific at the World... 

Iron-ore drops with leading miners to deliver production reports

Iron-ore fell as investors’ attention shifted from China’s plans for stimulus and the outlook for demand to prospects for global supplies, with a procession of leading miners due to deliver... 

Sibanye-Stillwater faces $522m claim over cancelled Brazil mines deal

Sibanye Stillwater is facing a $522-million compensation claim from investment firm Appian Capital Advisory over the termination of a $1.2-billion deal to buy Appian's Brazilian nickel and copper... 

Mosaic says fertilizer waste facility's water entered Tampa Bay after Hurricane Milton

Mosaic said on Friday that water supporting the chemical company's storage of a waste byproduct from fertilizer manufacturing in Florida probably made its way into Tampa Bay following a downpour... 

Savannah CEO sees lithium price rebound by start of Portugal project

London-based Savannah Resources expects the price of lithium to rebound by 2027, when it hopes to start commercial production at its mining project in Portugal, CEO Emanuel Proenca said on Friday.... 

Codelco copper production up 10% in August

Chilean state miner Codelco produced 10.1% more copper in August compared to a year earlier, the Andean country's Cochilco copper commission said on Thursday, producing 125 300 t while other major... 

Twelve people trapped deep underground at Colorado mine are rescued after 6 hours

Twelve people were trapped 300 m underground in a former Colorado gold mine for about six hours on Thursday before a malfunctioning elevator was repaired, enabling them to safely return to the... 

Teck CEO urges West to invest more in critical minerals to counter China's heft

Western nations should make ambitious investments in critical minerals to close the gap with China, which remains aggressive in consolidating its dominance in this space, Jonathan Price, CEO of... 

Zimbabwean miners expect profits to fall in 2025, report says

Zimbabwean miners expect profits to decline on the back of anticipated high costs of production and a weak outlook for platinum and lithium in 2025, according to a report. A confluence of global... 

Ranking the world's top lithium producers

Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7-billion in an all-cash deal that would make it one of the world's largest lithium producers. The global miner would gain... 

Mali says Barrick Gold owes $500m in taxes, fines - sources

Mali's military government is seeking at least 300-billion CFA ($512-million) in outstanding taxes and dividends from Barrick Gold, three sources said, a move that is part of a push by the country... 

Vale swaps head of iron-ore business

Brazilian miner Vale on Tuesday swapped out its head of iron-ore solutions, the first major change in leadership since CEO Gustavo Pimenta started in his role earlier this month. Vale's current... 

China is oversupplying lithium to eliminate rivals, US official says

Chinese lithium producers are flooding the global market with the critical metal and causing a "predatory" price drop as they seek to eliminate competing projects, a senior US official said on a...