Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates

Guinea's Simandou mega mining project, promoted by the military government as a symbol of the country's economic transformation, is laying off thousands of workers just as it begins exporting... 

US agency, consortium sign $553m loan for Angola railway revamp

The US International Development Finance Corporation signed a $553-million loan with a consortium of firms on Wednesday for the refurbishment of an Angolan railway line - part of the Lobito... 

Woodside Energy CEO Meg O'Neill exits to lead BP

Australia's Woodside Energy said on Thursday CEO Meg O'Neill will be leaving the firm effective immediately to join BP as its CEO. Meg O'Neill leaves Australia's biggest independent energy firm... 

Zimbabwe scraps gold royalty hike, sets higher threshold for windfall tax

Zimbabwe has reversed plans to double its gold royalty rate to 10%, a new 2026 budget bill showed on Wednesday, following protests by miners and industry groups. A royalty rate of 5% would... 

Gold and uranium boost Namibia's tax revenue after diamond prices plunge

Namibia's diamond revenue has been surpassed by income from other minerals for the first time, the country's mining chamber said, with record gold prices and higher uranium output helping to offset... 

Lithium surges in China after local authorities announce plan to revoke mining licences

ithium prices in China surged on Wednesday after the natural resource authority of the country’s main lithium-producing hub said it would revoke 27 mining licences. The most-active lithium... 

White House plans more 'historic deals' with mining sector, official says

The Trump administration plans more "historic deals" with the US mining sector to boost production of critical minerals for the national defense and high-tech sectors, a senior official said on... 

Russian court rules in favour of Rusal in $1.32bn lawsuit against Rio Tinto

A Russian court has ruled in favour of Rusal in the aluminium giant's 104.75-billion-rouble ($1.32-billion) lawsuit against global mining and metals company Rio Tinto, according to court... 

JX unit sells stake in Peruvian mine to Glencore

Japan's JX Advanced Metals on Tuesday said its Pan Pacific Copper (PPC) unit sold its entire stake in the undeveloped Quechua copper project in Peru to Swiss trader and miner Glencore for an... 

Korea Zinc shareholders ask court to block share sale in $7.4bn US project

Two major Korea Zinc shareholders asked a court on Tuesday to block the company's plan to sell new shares - part of a scheme to help fund a $7.4-billion US smelter which would be built in... 

South Africa boosts coal exports to Israel after Colombia ban

South African miners are boosting thermal coal exports to Israel after top supplier Colombia in August ordered a total ban on shipments of the power-generation fuel to Israel, data from Kpler, LSEG... 

Europe trawls for alternative aluminium supply in face of Mozal shutdown

A smelter shutdown in Mozambique is set to dent global aluminium supplies next year, analysts say, leaving the plant's core European Union customers searching for alternatives. South32 confirmed... 

Swift Anglo-Teck merger approval shows Canada's pro-business shift, dealmakers say

Canada's swift approval of the $53-billion merger between British miner Anglo American and Canada's Teck Resources signals a push to attract investment to offset the impact of US tariffs,... 

US eases sanctions on three Belarus potash companies after prisoner release

The United States has granted limited sanctions relief to three Belarusian potash companies following the European country's release of prisoners at the weekend, a US official said on Monday.... 

Nornickel sharply hikes nickel surplus forecasts for this year and next

Russian mining giant Nornickel said on Monday that it had doubled its nickel surplus forecast for this year and more than doubled its forecast for 2026. In a metals market review, Nornickel, the... 

Fortuna Mining eyes mid-tier gold assets as it works to regain output target

Fortuna Mining is seeking mid-tier gold assets, while accelerating new projects, as it works to restore its 500 000-oz annual output target after selling mines in Burkina Faso and Mexico, its West... 

Dalian iron-ore hits five-month low as China plans to regulate steel exports

Prices of Dalian iron-ore fell on Monday to hit their lowest level in more than five months, as top consumer China's plan to roll out a licence system from 2026 to regulate steel exports cast a... 

How tight supply, AI demand propelled copper towards $12 000

Copper is closing in on the $12 000 a metric ton mark as expectations of soaring demand from data centres that power artificial intelligence and tight supplies collide with shortages outside the... 

India approves coal exports amid healthy power station stocks

India's cabinet on Friday permitted the export of coal as the country's power plants have a surplus, information minister Ashwini Vaishnaw said. Power plants that have access to coal supply will... 

Chinese zinc smelter breaks contract with Teck's Alaska mine amid tariffs, sources say

huzhou Smelter Group, one of China's largest zinc smelters, broke a supply contract with Teck Resources' Red Dog mine in Alaska earlier this year due to hefty tariffs fueled by Beijing and... 

Australia unveils rescue bid for Rio Tinto's Tomago aluminium smelter

Prime Minister Anthony Albanese announced on Friday a rescue effort to keep open Australia's largest aluminium smelter, the struggling Tomago facility majority-owned by Rio Tinto, after its current... 

ANZ sees copper holding above $11 000/t in 2026

ANZ Research expects copper prices to remain above $11 000 per metric ton in 2026, with prices potentially nearing $12 000 by year-end amid supply constraints and accelerating demand growth. This... 

Congo vows to uphold cobalt quotas as exports resume ‘within days’

The Democratic Republic of Congo has pledged to uphold cobalt export quotas allocated to miners for 2025 despite months of delays under new rules, its mining regulator has said, as a pilot shipment... 

Ghana bans mining in forest reserves to curb environmental damage

Ghana has banned mining in forest reserves as part of sweeping environmental protections aimed at safeguarding water bodies and halting deforestation, the Ministry of Environment, Science and... 

Chile raises mining investment forecast through 2034 to $105bn

Chile's mining investment is expected to reach $104.549-billion from this year through 2034, State-run agency Cochilco said on Thursday, up from last year's estimate of about $83-billion through... 

Australia offers first oil and gas acreage in years

The Australian government on Thursday released its first package of offshore oil and gas acreage for bidding since 2022. All five areas are in the Otway Basin offshore Victoria state in... 

Albemarle wraps up validation of lithium pilot plant in Chile

Albemarle said on Wednesday it completed the validation of its direct lithium extraction (DLE) pilot plant in Chile, allowing the company to finalise its design of a future commercial facility and... 

USA Rare Earth speeds up Texas project, eyes 2028 start

USA Rare Earth said on Wednesday it will bring forward commercial production at its rare earths project in Texas to late 2028 from 2030, citing faster-than-expected progress at its processing... 

Indonesia sets rules to fine miners operating in forest areas

Indonesia has set the fines it will impose on miners operating illegally in forest areas, part of government efforts to protect forest areas from illegal clearing, the Energy and Mineral Resources... 

Glencore to ship first cobalt cargo under Congo's new quota system

Glencore has become the first miner to export cobalt under Democratic Republic of Congo's (DRC's) new quotas, sending a small initial shipment to test the system, one government source and two... 

Chinese uranium miner to help build Namibia's second desalination plant

Swakop Uranium, a subsidiary of state-owned China General Nuclear Power Group, has signed a joint venture deal with Namibia's water utility, NamWater, to construct the country's second desalination... 

Standard Lithium JV gets $1.1bn in funding interest for Arkansas project

Smackover Lithium, a joint venture between Standard Lithium and Equinor, said on Tuesday it had attracted more than $1-billion in financing interest for its Arkansas lithium project. Three export... 

US lawmaker raises concerns about miner Ivanhoe Atlantic's ties with China

US lawmaker John Moolenaar, the chair of the US House of Representatives' bipartisan select committee focused on China, on Thursday raised concerns about mining group Ivanhoe Atlantic's alleged... 

Australia's mining competitiveness at risk from excessive regulation, says Rinehart

Mining tycoon Gina Rinehart said on Wednesday the burden of excessive regulation on the Australian mining industry had put its global competitiveness at risk. Rinehart is executive chairman of... 

Greenland approves 30-year mining permit for EU-backed graphite project

Greenland has issued a 30-year exploitation licence to London-listed GreenRoc Mining for the Amitsoq graphite deposit, marking the third such permit granted by the Arctic island's government this... 

Costs of EV battery material cobalt hydroxide jump on Congo export restrictions

Prices of cobalt hydroxide used to make chemicals for electric vehicle (EV) batteries have risen sharply this year due to cobalt export restrictions from top producer Democratic Republic of Congo,... 

Chilean regulator, workers flagged risk at Teck's Quebrada Blanca dam

Chilean authorities in August raised concerns over a large crack and leaks at Teck's flagship Quebrada Blanca copper mine and criticized the miner for not immediately reporting the issues,... 

Zimbabwe's President changes mines minister, statement says

Zimbabwe's President Emmerson Mnangagwa has removed Winston Chitando as mines minister and replaced him with Polite Kambamura, the government said in a statement on Monday. No reason was given for... 

Iron-ore extends losses as Simandou project starts supply

Iron-ore futures prices extended declines on Tuesday, as the big Simandou project in Guinea, west Africa shipped its first ore, raising prospects of more supply at a time when demand in top... 

Anson inks lithium supply MoU with US's Nusano for nuclear use

Australia's Anson Resources said on Monday it signed a non-binding memorandum of understanding with Utah-based firm Nusano to supply lithium chloride for use in nuclear and advanced manufacturing...