China's coal imports hit record high in 2024

China's coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports... 

Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say

Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for... 

Indonesia sets 2025 nickel ore mining quota at around 200Mt

Indonesia has set a quota of around 200-million metric tons for nickel ore mining this year, a senior mining ministry official said on Friday, adding this could be cut if miners failed to comply... 

Vedanta gets $300m loan commitment for debt refinancing

Indian miner Vedanta's parent on Friday said it has secured commitments from Barclays, First Abu Dhabi Bank, and Mashreq totaling $300-million in loan tenors of three years and three months. The... 

US lobbied Greenland rare earths developer Tanbreez not to sell to China

US and Danish officials lobbied the developer of Greenland's largest rare earths deposit last year not to sell its project to Chinese-linked firms, its CEO told Reuters, adding it has been in... 

Congo rebels muddy minerals market with illegal Rwanda exports, says UN report

Rebels in eastern Democratic Republic of Congo fraudulently exported at least 150 metric tons of coltan to Rwanda last year, leading to the largest contamination of the Great Lakes Region's mineral... 

Gold ETFs drew first net inflow in four years in 2024, WGC says

Physically backed gold exchange-traded funds (ETFs) registered a modest net inflow of $3.4-billion in 2024, their first inflow in four years, even though their holdings fell by 6.8-metric tons, the... 

Codelco copper output up in 2024

Copper production from Chile's Codelco, the world's largest producer of the red metal, reached 1.328-million metric tons last year, according to an internal document seen by Reuters on Wednesday.... 

Shell writes down Namibia oil discovery in blow to country

Shell will write down around $400-million overan oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude... 

Alaska wildlife refuge drilling auction yields no bids, US says

The US Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids from energy companies.... 

Penguins and red tape: Chile says 'no' to $2.5bn Dominga mine again

Chile's government on Wednesday denied an environmental permit for the proposed Dominga iron and copper mine, siding with critics concerned over impacts to penguins and parrots at the $2.5-billion... 

Two bids made for Glencore stake in New Caledonia's Koniambo Nickel

Two potential buyers for Glencore's stake in mothballed New Caledonian nickel producer Koniambo Nickel SAS (KNS) have submitted offers following site visits late last year, KNS said. Part of a... 

China becomes world's second-largest holder of lithium reserves, Xinhua reports

China's lithium reserves have risen from 6% to 16.5% of the global total, making it the world's second-largest holder of lithium reserves, state media reported on Wednesday. The world's top... 

Alaska sues Biden administration over oil and gas leases in Arctic refuge

The US state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National... 

Lithium Americas raises reserve estimate for Thacker Pass, appoints new CFO

Canada's Lithium Americas said on Tuesday it has raised the reserve estimate for the Thacker Pass lithium project and also appointed industry veteran Luke Colton as the new CFO, effective January... 

Syrah Resources secures loan waiver amid Mozambique unrest

Australia's Syrah Resources said on Tuesday it has secured a waiver for default events under its United States International Development Finance Corporation (DFC) loan of $150-million, granting it... 

Biden to ban offshore oil, gas drilling in vast areas ahead of Trump term

US President Joe Biden will ban new offshore oil and gas development along most US coastlines, a decision that President-elect Donald Trump, who has vowed to boost domestic energy production, may... 

China's 2025 iron-ore imports set to hit new high even as steel demand dwindles

China's iron-ore imports are likely to hit a new high in 2025 as traders stockpile cheap ore for the world's top consumer despite a protracted property crisis continuing to weigh on Chinese steel... 

Freeport Indonesia in talks with government on copper concentrate exports

PT Freeport Indonesia (PTFI) is in discussions with the government about being able to continue copper concentrate exports until its new Manyar smelter returns to full operations, a spokesperson... 

Chile files environmental charges against Anglo American copper mine

Chile's environmental regulator has filed four charges against the major Los Bronces copper mine, controlled by Anglo American, for noncompliance with environmental permits, the agency said on... 

Lithium Americas and GM close joint venture for Thacker Pass mine

Lithium Americas said on Monday it has closed its joint venture with US automaker General Motors to develop the Thacker Pass lithium mine in Nevada. The miner's CEO, Jonathan Evans said that the... 

Arcadium Lithium shareholders approve $6.7bn Rio Tinto deal

Arcadium Lithium said on Monday its shareholders have voted in favour of a $6.7-billion sale to Australian mining giant Rio Tinto. Shares of Arcadium Lithium rose about 7% in extended trading... 

Lure of Anglo's copper mines could test BHP's spending resolve

BHP, the world's biggest miner, would need to offer a minimum 40% premium over Anglo American's share price to make a renewed takeover bid now the rival's value has been boosted by asset sales, two... 

France's Orano launches arbitration against Niger over mining licence

French nuclear fuels company Orano said on Friday it had started arbitration proceedings against Niger, after Niger withdrew the mining licence of Orano's subsidiary Imouraren. Niger's military-led... 

China's coal imports from Australia rise to highest level since April 2020

China's coal imports from Australia rose to their highest in more than four years in November, customs data showed on Friday, as shipments continue to recover from an unofficial ban on Australian... 

Copper giant Peru foresees another production plateau in 2025

Peruvian copper production is expected to remain flat in 2025 for the third straight year, according to the country's top mining association and industry analysts, as declining ore grades and a... 

Chile's Codelco to deploy lower-carbon explosives in copper mine

Chile's State-run copper miner, Codelco, will start using explosives with a significantly lower carbon footprint at its Radomiro Tomic mine, the company announced on Thursday. Explosives are used... 

Savannah to speed up Portugal lithium project, dismisses doubts over price and demand

London-listed Savannah Resources will accelerate its lithium mine project in northern Portugal to ensure first commercial output in 2027, it said on Thursday, despite uncertainties about price and... 

Swiss gold exports rise in November on jump in supplies to India

Gold exports from Switzerland rose in November due to a jump in supplies to India and some revival of deliveries to China and Hong Kong compared with October, Swiss customs data showed on Thursday.... 

Peru's No 2 copper mine Antamina names Adolfo Heeren as new CEO

Antamina, Peru's second-largest copper mine, said on Thursday it appointed Adolfo Heeren as its new chief executive and general manager. Heeren, the current CEO of Anglo American in Peru, will... 

Nornickel in talks with Xiamen C&D to shift copper smelting to China

Chinese conglomerate Xiamen C&D and Russia's Nornickel are in talks to create a joint venture in China to process Nornickel's copper raw material into metal, two sources with knowledge of the... 

Panama President sees no environmental threat from copper at closed First Quantum mine

More than 100 000 metric tons of copper concentrate stuck at the closed First Quantum mine in Panama do not currently pose an environmental risk, Panamanian President Jose Raul Mulino said on... 

Australia expects export resource earnings to drop 10% in FY2025

Australia expects its resource and energy export earnings to fall by about 10% to A$372-billion ($231.6-billion) in the fiscal year ending June 2025 mostly due to falling iron-ore prices and... 

Rio Tinto shareholders call for resolution on review of dual-listed structure

Activist investor Palliser Capital and over 100 other shareholders on Thursday sought a resolution over a review of Rio Tinto's RIO.AX dual-listed model, in a bid to unify the miner's corporate... 

Trump advisers urge ending environmental reviews for mines receiving US funds

Advisers to incoming US President Donald Trump are recommending he waive environmental reviews for federally funded critical minerals projects to boost domestic production of materials used in... 

Australian graphite firms petition US on alleged China dumping

 Australia's Novonix said on Thursday it had joined a petition urging US authorities to investigate China's alleged dumping of battery-grade graphite at unfair prices, potentially harming domestic... 

Canada clears Paladin's $789m Fission Uranium takeover

Australia's Paladin Energy has received the final green light it needed from Canadian authorities to buy Fission Uranium in a C$1.14-billion ($789.1-million) deal that cements is position as a... 

India re-examining record Nov gold imports, sources say

The Indian government is re-examining a surge in gold imports that widened the country's trade deficit to a record in November and pushed the rupee to an all-time low, two government sources aware... 

Nippon Steel, Sojitz to take 49% stake in Champion Iron's Canada project

Australia's Champion Iron said on Thursday Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company's Kami project in Canada for A$245-million ($152-million).... 

Indians opt for lighter, lower carat jewellery as gold prices soar

Soaring gold prices have led many Indian families to opt for lightweight and lower-carat jewellery to stay within their budgets, industry officials said. "I wanted to gift my daughter 80 g of gold,...