Botswana economy suffers steep contraction in Q2 on diamond sector woes

Botswana's economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday. Gross domestic... 

Perpetua Resources in talks with Glencore, others for US antimony processing

Perpetua Resources said on Thursday it is in talks with Glencore, Trafigura and others about a partnership to refine antimony in the US, part of a push to boost Western supplies of a critical... 

Fortescue chairman Forrest doubles down on renewables in challenge to Trump

Australian miner Fortescue is experiencing strong interest in its decarbonisation-related offerings, executive chairman Andrew Forrest said in an interview, as he challenged US President Donald... 

Nature loss could cut mining, power earnings by a quarter, Barclays finds

 Company earnings could fall by as much as 25% over five years due to nature degradation, Barclays said, as rising input costs and operational disruptions driven by policy changes and worsening... 

Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption

Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine. The incident,... 

Copper miners keep Australian shares afloat

Australian shares ended slightly higher on Thursday, as a rally in copper miners due to a sharp jump in metal prices countered losses in other sectors after markets trimmed bets for imminent... 

Aris Mining reports safe recovery of all workers at Colombia mine

Aris Mining said on Wednesday all 23 workers who were trapped underground at the La Reliquia Mine in Colombia have been safely brought to the surface. The company reported on Tuesday a collapse... 

Angola's diamond miner Endiama seeks minority stake in De Beers

Angola's state diamond company Endiama has bid for a minority stake in Anglo American's diamond unit De Beers, the African country's Ministry of Mineral Resources, Petroleum and Gas said on... 

Congo sticking to cobalt export quotas, keen to boost processing

Democratic Republic of Congo will stick to its recently announced quota system for cobalt exports, with revisions only possible in the long term if the government sees them as necessary, the... 

Freeport declares force majeure at Grasberg, expects lower copper, gold sales

Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its... 

Australia's 'maze of uncertainty' scuttles $40bn worth of M&A, clouds outlook

Nearly $40-billion worth of big ticket buyouts have collapsed in Australia this year - the most in fifteen years - as regulatory risk and misaligned valuations add to the growing challenges in... 

Hudbay Minerals temporarily shuts down Peru mill amid unrest

Canadian miner Hudbay Minerals said on Tuesday that its Constancia mill in Peru has been temporarily shut down and non-essential workforce has been demobilized due to riots in Lima and several... 

Aclara Resources plans $1.3bn rare earths investment

Miner Aclara Resources expects to spend around $1.3-billion in South America rare earth mines and US processing plants, executive vice president Jose Augusto Palma said on Tuesday. The... 

G7 weighs price floors for rare earths to counter China's dominance, sources say

Group of Seven (G7) members and the European Union are considering price floors to promote rare earth production, as well as taxes on some Chinese exports to incentivise investment, four sources... 

Lithium Americas soars 90% as Washington considers stake

Shares of Lithium Americas closed at $8.32 after jumping nearly 90% on Wednesday after Reuters reported that the Trump administration is seeking up to a 10% stake in the miner, in the latest sign... 

Ghana study warns of hazardous toxin levels linked to mining as artisanal gold output soars

A boom in artisanal gold mining in Ghana has driven mercury contamination to dangerous levels in host communities, with soil readings in some areas reaching 134 times amounts deemed to be safe, a... 

Southern Copper eyes steady production in Peru, bets big on new projects

Southern Copper expects its copper production in Peru to hold steady this year as it invests $800-million in projects, its chief financial officer told Reuters. Peru is the world's third-largest... 

Chile's Corfo agency preps lithium contracts ahead of SQM-Codelco deal

Chilean economic development agency Corfo said on Monday it has submitted to the comptroller's office the terms of a modified lease agreement with lithium producer SQM through 2030, and of a new... 

Congo will not 'auction' mineral resources to the US, President says

Democratic Republic of Congo President Felix Tshisekedi said on Monday that a US-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President... 

Australian critical minerals firms flock to US opportunities

MELBOURNE – Some of Australia's most advanced critical minerals producers are moving forward on plans to build processing facilities in the United States, despite Australia's strategic push to... 

Mali announces more new mining deals under revised code

Mali has approved seven agreements granting the State more revenue from international and local mining companies in the latest push by the military government to extract more income from the... 

India signs deepsea mining exploration deal with International Seabed Authority

ndia has signed a 15-year contract with the International Seabed Authority for exclusive rights to explore polymetallic sulphides in the Indian Ocean, the government said on Saturday. Polymetallic... 

Commodity trader Mercuria bets on boom with foray into uranium, sources say

Mercuria has become the first major commodity house to launch physical trading in uranium, joining banks Natixis and Citibank, as an expected nuclear energy boom fuels interest in the niche market,... 

Congo to replace cobalt export ban with quotas from Oct 16

The Democratic Republic of Congo will lift its ban on cobalt exports from October 16 and manage global supply by imposing annual export quotas, the country’s strategic minerals regulator said on... 

Two bodies found in search for Freeport Indonesia workers trapped in mine, reports say

Two bodies have been recovered in the search for seven Freeport Indonesia workers trapped underground at a major copper mine since September 8 due to heavy mudflows, Indonesian media reported. The... 

'Canada will take a close look at the Teck-Anglo deal,' Finance Minister says

The proposed $53-billion merger between Teck Resources and Anglo American is under review by Canada's federal government, which must make sure it is in the net benefit of the country, Finance... 

BHP likely to appoint Geraldine Slattery as first female CEO, FT reports

BHP Group is likely to appoint Geraldine Slattery, the miner's current head of Australia, as its first female CEO to replace current CEO Mike Henry, the Financial Times reported on Friday. Henry... 

Zimbabwe lifts 2025 growth forecast on tobacco harvest, gold price rally

Zimbabwe now sees its economy growing 6.6% this year, higher than an earlier projection of 6% due to a bigger tobacco harvest and this year's rally in the global gold price, its finance minister... 

Congo considers cobalt export ban extension, quota plan faces delays – sources say

The Democratic Republic of Congo is weighing up an extension of its cobalt export ban by at least two months, as officials work to finalise a quota system aimed at replacing the suspension, three... 

Singapore reviewing short seller claim against India's Vedanta, documents show

The Singapore Police Force is reviewing a complaint by short seller Viceroy Research that natural resources conglomerate Vedanta improperly funded its 2024 dividend, documents viewed by Reuters... 

Santos CEO bets on cash flow boost as third suitor walks away

antos CEO Kevin Gallagher said on Friday he has no plans to retire and expects a sharp jump in cash flow in the next few years to boost the Australian gas producer's shares, after its third suitor... 

US lawmaker wants Trump to restrict Chinese flights over rare earths access

The chair of a US House of Representatives committee on China on Thursday called on the Trump administration to restrict or suspend Chinese airline landing rights in the US unless Beijing restores... 

Zijin Gold launches $3.2bn Hong Kong IPO, city's largest in 2025

Zijin Gold International, a wholly owned unit of China's Zijin Mining, is aiming to raise HK$24.98-billion in a Hong Kong IPO, in what will be the largest in the city this year, according to its... 

Diamond selling processes are outdated and hurting producers, trader says

The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on... 

Gold exports from Switzerland to China soared in August

Gold exports from Switzerland to China jumped 254% in August compared with July to their highest level since May 2024 and supplies to India rose, partly offsetting a slump in deliveries to the... 

Ukraine, US launch fund for critical minerals projects with $150m investment

Ukraine and the US International Development Finance Corporation will each commit $75-million to a joint investment fund that is part of Kyiv's minerals deal with Washington first signed in April,... 

Santos stock slumps as $18.7bn ADNOC-led deal collapses

Australian gas producer Santos' shares fell nearly 14% on Thursday after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7-billion bid for the company, saying commercial terms... 

Australia's watered down emissions target draws ire of environmentalists

Australia on Thursday set its 2035 emissions target at a reduction of 62%-70% from 2005levels, a lower-than-expected figure that was criticised by green groups. The United Nations has asked... 

Ivanhoe Mines in ongoing talks with sovereign funds after Qatar investment, Friedland says

Ivanhoe Mines is in constant dialogue with sovereign wealth funds for potential investments aimed at supporting the company's push to boost production of copper and other critical minerals,... 

ADNOC-led consortium pulls bid for Australia's Santos

Abu Dhabi National Oil Company's international investment arm XRG said on Wednesday that an investor group it was leading had withdrawn an indicative $18.7-billion offer to buy Australian gas...