Resolute CEO detention in Mali comes amid West Africa mining squeeze

Gold miner Resolute Mining finds itself at the center of a broad shakeup of regulatory regimes across West Africa following the detention of the company’s chief executive in Mali, as cash-strapped... 

China’s copper production boom threatens to crowd out the rest of the world

Chinese copper smelters are facing pressure to rein in an expansion that’s pounding the industry’s profitability. The viability of plants across the globe may be at stake. The top consumer of... 

Ivanhoe’s Friedland says fears for China on US tariffs overblown

China has reduced its exposure to the US economy since Donald Trump’s first administration, leaving it better placed to weather the punitive trade tariffs being pledged by the president-elect,... 

Iron-ore slumps toward $100 as China’s latest fix disappoints

Iron-ore fell toward $100 a ton as Beijing’s latest efforts to revive the economy left investors disappointed, while an expansion in Chinese port stockpiles highlighted ample supplies. Futures... 

China’s GEM and Vale plan $1.42bn Indonesian nickel plant

GEM Co., a Chinese battery-metal producer, and Vale’s Indonesian unit signed an agreement to build a $1.42-billion nickel plant in the Southeast Asian nation, highlighting the country’s drive to... 

Barrick falls behind rivals as No. 2 miner misses boost from bullion boom

Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not Barrick Gold. Missed production targets, higher operational costs and... 

China’s top coal firms lean into power as mining profit slips

China’s top coal producers are accelerating a move into power generation as fuel prices drop and electrification takes center stage in China’s low-carbon transition. Profits this year at miners... 

Cummins targets doubling of its Africa revenue by 2030

Cummins aims to double its revenue from Africa by the end of the decade as the US engine and power generator maker capitalizes on demand to provide 300 million people on the continent with... 

China’s commodities imports resilient as markets eye stimulus

Chinese raw materials imports mostly rose year-on-year in October, according to customs data released Thursday, as demand remained resilient despite a slowing economy. The government’s measures to... 

Albemarle loses more than $1bn on falling lithium prices

Albemarle, the world's largest lithium producer, said on Thursday it lost more than $1 billion in the third quarter and that it would slash its capital budget amid a 71% drop in prices for the... 

World’s biggest cobalt miner is gloomy on the EV metal’s future

The world’s No. 1 cobalt miner is sounding the alarm over the shrinking role of the metal in electric vehicle batteries. Chinese company CMOC Group, which has been churning out cobalt much faster... 

Copper extends gains on signs Chinese economy in recovery mode

Copper rose for a third day on positive Chinese economic data and hopes Beijing will unveil more economic support measures. The industrial metal has rallied more than 2% since the close on... 

Gold steady as market holds breath before tight US election

Gold was steady as the market braced for a tight US election, and a Federal Reserve rate decision later in the week. Uncertainty around the presidential vote on Tuesday has aided bullion in the... 

Zambia stake-boosting mining plan won’t touch existing projects

Zambia’s plans to take bigger stakes in some mining projects won’t impact existing operations in the country, including exploration activities, according to a senior government official. The mines... 

Copper and other metals rise as dollar falls before US vote

Copper, aluminum and other base metals rose as the dollar weakened ahead of the US Presidential election day on Tuesday. A gauge of the US currency dropped as investors walked back bets on Donald... 

ARM companies deny breach, see no merit in claims

South African billionaire Patrice Motsepe and his associate companies are being sued for $195-million in Tanzania, with one of the biggest suits to appear in front of the country’s commercial court... 

Mineral Resources says Ellison to step down after probe

Mineral Resources said its tycoon founder, Chris Ellison, will be penalised A$8.8-million and will step down within 18 months after the Australian miner launched an investigation into undeclared... 

Gold climbs ahead of US jobs data, with election looming large

Gold gained — following its biggest one-day drop since July — as traders waited for key US jobs data and weighed potential market disruption ahead of the looming presidential election. Bullion... 

Freeport probed by SEC over quake risk at Indonesia copper plant

The US Securities and Exchange Commission is looking into whether Freeport-McMoRan failed to disclose threats a severe earthquake could pose to its new $3.7-billion copper smelter complex in... 

Gold hits fresh record high as US data, election race fan demand

Gold reached a record high in early Asian trading on Wednesday, as traders digested the latest US economic data and weighed potential market disruption ahead of the looming presidential election.... 

Zimbabwe’s ruling party passes resolution to have gold-backed ZiG adopted as sole currency

Zimbabwe’s ruling party passed a resolution to adopt the bullion-backed ZiG currency as the country’s sole legal tender and phase out the use of US dollars. The government is ordered to “expedite... 

Major LNG producer challenged on clean claims in landmark case

One of the world’s first legal challenges over corporate greenwashing kicked off in an Australian court, with an activist shareholder group claiming natural gas producer Santos Ltd. misled... 

China gold demand plunges as record prices deter jewellery buyers

Gold demand in China — the world’s biggest consumer — plunged by more than a fifth in the third quarter as record prices and a sluggish economy dented consumption, especially for jewelry. Total... 

Mineral Resources says investigation to finish by next week

Mineral Resources said its investigation into undeclared payments made to companies linked to its tycoon founder, Chris Ellison, would be completed by next week. Ellison, who is managing director... 

Mali threatens to let Barrick mine permit lapse over dispute

Mali’s military government has threatened to take back Barrick Gold’s Loulo mine concession when the current permit expires in 2026, amid an escalating dispute over how to divide the economic... 

BofA’s Hartnett says bets on gold are rising before US election

Investors are continuing to load up on gold ahead of the US election as a hedge against inflation and populism, according to strategists at Bank of America (BofA). The precious metal hit a record... 

Millennial mining heirs bet the family business on Argentine copper

When he was 16, Adam Lundin was lowered by helicopter into the remote wilderness of northern Canada. For the son of a wealthy mining mogul, this was something of an initiation. He spent the summer... 

China’s copper demand will peak by 2030, says industry group

China’s copper demand growth will fade in coming years before topping out around the end of this decade, according to a state-backed government researcher, offering a potential counterpoint to... 

South Africa in talks with energy partners on loan guarantees

South Africa is in talks with its international climate-finance partners over the provision of guarantees for loans for the construction of energy-related infrastructure. “We are managing, in... 

UN says world is now on course for warming of up to 3.1 °C

A chronic lack of ambition and climate action by countries across the world over the past three years means the goal to keep global warming below 1.5C will soon be dead, the United Nations has... 

Gold miners crippled by costs risk losing out on bullion’s boom

Gold prices are at record highs. But disappointing results at the world’s largest miner of the yellow metal signals companies may be struggling to capitalize on sizzling demand. Newmont shares... 

Eramet buys out Tsingshan from Argentina lithium project

French miner Eramet will buy back Tsingshan Holding Group’s stake in an Argentinian lithium project, marking a rare retreat for the Chinese conglomerate from an expansion beyond its core nickel... 

Zinc market tightens as mine supply disruptions rattle buyers

Spot zinc prices have shot above later-dated futures on the London Metal Exchange, signaling a tight market as large buyers scoop up inventories and pile into futures at a time when a string of... 

Cummins targets doubling Africa revenue by 2030 on power demand

Cummins aims to double its revenue from Africa by the end of the decade as the US engine and power generator maker capitalizes on demand to provide 300 million people on the continent with... 

Freeport asks Indonesia for copper export extension due to fire

Freeport-McMoRan is in talks with the Indonesian government to extend its licenses to export copper concentrate because a fire has disrupted the company’s smelter operations in the Southeast Asian... 

Brazil seeks to woo partners in revived ambition to uncover uranium riches

Brazil is looking to attract mining companies to help revive the country’s uranium exploration and production efforts as the world signals renewed appetite for nuclear power. Latin America’s... 

First Quantum names Jiangxi’s Xia to board after standstill deal

First Quantum Minerals appointed Jiangxi Copper Co’s Hanjun Xia to its board of directors after reaching a standstill agreement with its second-largest shareholder earlier this year. The Canadian... 

Türkiye eyes Niger mining projects amid competition for uranium

Türkiye and Niger signed a provisional pact to boost cooperation in mining, a sign of closer ties between the countries as new powers jostle for access to the West African nation’s uranium... 

Zambia pursues deals with investors to develop mining permits

Zambia plans to develop dozens of mining licenses together with investors to boost copper output in Africa’s second-biggest producer. The nation has an ambitious plan to more than quadruple... 

Congo’s State miner bids for Trafigura-backed cobalt projects

Democratic Republic of Congo’s (DRC's) State-owned miner has submitted a bid for Chemaf Resources’ unit in the country, months after saying it intended to block a previous deal to sell the copper...