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... 

Deutsche Bank raises 2026 gold forecast to $4 000 as bullion hits record highs

Deutsche Bank raised its gold price forecast by $300 for next year to an average of $4 000/oz on Wednesday, due to strong central bank demand, potential US dollar weakness and a resumed Federal... 

Syrah Resources gets Tesla reprieve in graphite supply deal

Australia's Syrah Resources said on Wednesday that it has agreed with Tesla to extend the deadline to address an alleged breach of their critical graphite supply agreement, buying the miner... 

Canada industry Minister to meet CEOs of Teck and Anglo American

Canadian Industry Minister Melanie Joly on Tuesday said she would be meeting the CEOs of Anglo American and Teck Resources next week to discuss their proposed merger. "There have been... 

BHP to suspend operations, cut jobs at Australian coking coal mine

BHP will suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that have dented its... 

China's Inner Mongolia halts coal mines for exceeding output plans, document shows

Inner Mongolia, China’s largest coal-producing region, has ordered 15 mines to halt production after they were found to have exceeded their approved output plans, a document from the Inner Mongolia... 

Vedanta to retain coal as base energy source, top executive says

Indian mining and metals conglomerate Vedanta will continue to rely on coal as its primary energy source for mining operations while aiming to increase the share of renewable sources in its energy... 

Global oil and gas field decline rates are increasing, IEA says

The natural rate of decline in output from the world's oil and gas fields is speeding up, owing to more reliance on shale and deep offshore resources, the International Energy Agency (IEA) said on... 

Gold uptrend intact, but due for correction before topping $4 000 in 2026

Gold's stellar rally to successive record highs shows every sign of continuing for the rest of the year, but a healthy correction is on the cards before breaching the $4 000/oz milestone in 2026,... 

Canada PM told Anglo American to move HQ to Canada for Teck deal nod - report

Canadian Prime Minister Mark Carney told Anglo American to move its headquarters to Canada or its proposed acquisition of Teck Resources would not be allowed to proceed, the Globe and Mail reported... 

New Hope focused on organic growth; no plans to pursue Anglo assets

Australia's New Hope said on Tuesday it is focused on organic growth and does not plan to compete for Anglo American's Australian coal mines, after reporting earnings that were cushioned from a... 

Chinese steel body to meet iron-ore procurement heads at steelmakers this week, document says

The State-backed China Iron and Steel Association will hold a meeting with the heads of iron-ore procurement at its steelmaker members on Thursday, according to a document reviewed by Reuters. Two... 

Savannah Resources raises lithium reserve estimate at Portugal mine project by 40%

London-listed Savannah Resources said on Monday it has increased its estimate for the reserves of its lithium mine project in northern Portugal by 40% after completing additional prospecting work.... 

Congo-Rwanda draft deal outlines role of US, others in revamp of minerals sector

Rwanda and the Democratic Republic of Congo (DRC) will commit to working with third parties, including the US, to revamp their mineral supply chains and develop reforms, according to a draft of an... 

BHP flags organic copper growth, US allure, silent on big buyouts

The world's biggest mining company, BHP, touted its solid copper potential and flagged the investment appeal of the United States on Monday, but was silent on the prospect of major buyouts, as top... 

Rescue efforts ongoing at Freeport's Grasberg mine, operations still on halt

Efforts to rescue seven workers at Freeport Indonesia's Grasberg copper and gold mine are continuing one week after a heavy mud flow trapped them underground, a mining ministry official said on... 

Ukraine, US to scout for minerals deal investment projects

Ukrainian officials and a team from the US International Development Finance Corporation will carry out site visits to identify investment projects as part of Kyiv's minerals deal with Washington,... 

Australia warns of cascading climate risks ahead of emissions target announcement

Australia will suffer more frequent and extreme climate events, often happening simultaneously, which will strain industry, services and infrastructure, a government report said on Monday, ahead of... 

UBS raises gold price target to $3 800/oz by end-2025

UBS raised on Friday its gold price forecast by $300 to $3 800 per ounce by the end of 2025 and by $200 to $3 900 by mid-2026, citing anticipated Federal Reserve easing and dollar weakness linked...