Gold Road halts trading due to speculation over transaction

Gold Road Resources shares were suspended from trading in Sydney, with the miner citing “media speculation regarding a potential change of control transaction”. The suspension will be lifted when... 

Botswana eyes spending cuts as diamond slump hits economy

Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance... 

De Beers investor Botswana says serious buyers showing interest

Botswana’s government said it’s optimistic that Anglo American will find a buyer for its diamond unit De Beers this year. “We are very confident that partners are coming forward,” Botswana Vice... 

Citic sees ‘turning point’ for China’s steel industry this year

China’s steel industry is expected to see a “turning point” this year on additional stimulus measures and production cuts, even as overseas tariffs put pressure on demand, according to Citic... 

Gold’s bullish sentiment seen easing as record rally stumbles

The gold rally has outshone other asset classes this month — even drawing some comparisons to bitcoin — as President Donald Trump’s tariff war reshapes the global economic order, pushing investors... 

Carney’s Liberals win Canada election, setting up talks with US

Canada’s Liberal Party won a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US... 

Codelco takes another step in long path to copper-mine recovery

Codelco posted a slight increase in first-quarter output despite power, weather and maintenance interruptions, as the world’s biggest copper producer battles to compensate for deteriorating ore... 

Zimbabwe restarts minting of gold coins as bullion prices soar to record

Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called... 

Saudi push into South Africa yields billions of dollars in deals

A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country... 

Gold sinks on trade signals as volatile week comes to a close

Gold fell at the end of a volatile week that saw prices notch a record before retreating, with signs some trade tensions may be easing. Bullion shed as much as 1.4%, dropping for the third time in... 

Panama President ratchets up nationalism ahead of mine talks

Panama’s President Jose Raul Mulino stepped up nationalist rhetoric toward a shuttered copper mine in the country as his administration prepares to negotiate a potential restart with operator First... 

Codelco-SQM lithium deal on track to close this year after antitrust nod

A landmark lithium deal struck a year ago between SQM and Codelco is on course to be finalized before Chile’s general elections after securing a key antitrust approval. Chile’s competition agency,... 

Calibre Mining shares hit 13-year high after Equinox sweetens takeover offer

Calibre Mining shares jumped to their highest price in 13 years after Equinox Gold sweetened its takeover offer for the Canadian gold producer hours before investors were to vote on the deal.... 

Gold falls from record as Trump stances on Fed, China calm fears

Gold fell for a second day after topping $3 500 an ounce for the first time, as investors booked profits and US President Donald Trump gave conciliatory gestures toward China and his central bank... 

Barrick is cashing in on gold’s record rally with asset sales

For Barrick Gold, one of the world’s top bullion producers, the precious metal’s blistering rally to record prices is looking like a great opportunity to raise some cash as the company looks to... 

Australia’s Labor vows critical minerals reserve on election win

Australia’s Labor party will create a critical mineral reserve if the incumbent government wins the upcoming election, seeking to secure supplies of the crucial materials as global trade headwinds... 

Western investors are piling into gold market after three-year hiatus

Western investors are finally back in the gold market after being largely absent for the past three years. This time, they’re coming in force with big purchases of bullion-backed exchange-traded... 

Barrick Gold seeks buyers for its last mine in Canada

Barrick Gold is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American mining operations. Barrick began a process in April... 

BHP prepares to start succession process for mining’s top job

BHP Group is preparing to begin looking for a new chief executive officer in the coming months, with key lieutenants already jostling for position to succeed boss Mike Henry at the top of the... 

Silver lining spied for Africa’s gold exporters, oil importers

Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid. While... 

Metals billionaire Agarwal seeks mining reboot amid debt overhaul, Saudi push

Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta, a move aimed at trimming the group’s $11-billion debt pile and... 

Gold surges to record as Trump ramps up threats on Fed’s Powell

Gold rose to an all-time-high, after concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar. Bullion climbed as... 

US rare earth miner MP Materials halts exports to China

A US producer of rare earth metals stopped shipments to China after Beijing placed export controls on similar materials crucial for defense and technology manufacturing. MP Materials, which... 

Turkish nickel bull plans $2bn M&A spree to rival China

Turkish billionaire Robert Yuksel Yildirim is on a $2-billion hunt for nickel mines, betting that the battery metal’s price will rebound and that the West will want those supplies to cut its... 

Asian coal prices fall to fresh four-year low on trade war fears

Asia’s coal price benchmark fell to a four-year low as trade tensions threaten to sap demand, testing levels where miners shut more production. Australian Newcastle futures declined to $94.25 a... 

Iron-ore miners in rocky start to year as tariff turmoil begins

The world’s biggest iron-ore miners face a difficult start to the year, after extreme weather impacted production and as their biggest customer China braces for a trade war. This week, BHP Group,... 

Alcoa reports $20m tariff hit on imports from Canada

Alcoa, the largest US aluminum producer, said President Donald Trump’s 25% tariff on metal imports has cost the company $20-million since the duties went into effect. The Pittsburgh-based company... 

Indonesia hikes mining royalties in bid to fund Prabowo policies

Indonesia has raised the royalty rate to be paid by nickel, tin and other metal producers as the government searches for ways to fund President Prabowo Subianto’s ambitious but costly priority... 

Mineral Resources tumbles after two governance directors quit

Mineral Resources shares fell more than 7% after two board members overseeing corporate governance resigned. Jacqueline McGill, who joined the board in early 2024, and Susie Corlett, a member... 

Chile, Canada and Peru push back against Trump's copper tariff probe

Chile, Canada and Peru - three of the largest copper suppliers to the United States - have told President Donald Trump's administration that imports of the metal from their countries do not... 

Gold climbs to record as expanding trade war aids haven demand

Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens. Bullion climbed above $3 248 an ounce for the... 

Peabody holds off private debt refinancing of $2.1bn loan

Coal mining company Peabody Energy has held off seeking a $500-million private debt, which would help refinance an acquisition loan after the planned deal was put under review, according to people... 

US copper industry seeks export curbs instead of import tariffs

Major players in the US copper industry have called on President Donald Trump to restrict exports of ore and scrap metal rather than imposing tariffs on imports, in his efforts to boost domestic... 

Copper traders, manufacturers discuss funding for Chile smelter

Chile’s Enami is in talks with manufacturers and trading firms interested in financing a $1.4-billion-plus smelting project as the top copper-mining nation looks to arrest a drop in processing... 

China’s commodities imports shrink bar oil as trade woes worsen

China’s commodities imports mostly fell year-on-year in March, the last full month before the Trump administration choked off bilateral trade by imposing punitive levies on Chinese goods. With the... 

Deadly landslide in Indonesia’s nickel hub signals supply risk

A deadly landslide at a top nickel-producing hub in Indonesia has heightened scrutiny of a method used to extract the battery metal from low-grade ore, spurring concern among buyers about the... 

Goldman puts $4 000 gold on the agenda as hunt for havens grows

Goldman Sachs Group and UBS Group issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical... 

Gold slips from record as Trump tariff agenda stays in spotlight

Gold edged down from a record as markets weighed the latest US trade news from President Donald Trump, who has driven a flight to safety assets amid mounting confusion over his tariff agenda.... 

Rare earths miner Lynas climbs as trade war roils global markets

Lynas Rare Earths, backed by Australia’s richest person Gina Rinehart, has been the most resilient stock on the country’s index since the market turmoil started last week. Since US President... 

Trade war risks copper investments needed to meet future demand

The copper industry is turning attention to how the escalating trade war between the world’s biggest economies will affect investments needed to meet future demand for the wiring metal. US...