US backs Australian lithium, rare earths projects for up to $786m

The United States has backed an Australian lithium and a rare earths project with up to $786-million in debt funding as Western countries seek to build supply chains for critical minerals.... 

Investors rush into Australian miners on China stimulus boost

The Australian resources sector surged more than 3% on Wednesday as investors piled their money into beaten-down mining stocks after China unveiled a bumper stimulus to pull the world's... 

Most banks expect gold's bull run to persist into 2025

Major banks expect gold to extend its record-breaking price rally into 2025 because of a revival in large inflows to exchange-traded funds (ETFs) and expectations of additional interest rate cuts... 

Iron-ore soars on China stimulus, lower global supply

Iron-ore futures prices surged on Wednesday, as a fresh batch of policy easing measures from top consumer China lifted market sentiment, while lower global supply also lent support. The... 

Global plan for early ditch of coal power hits Indonesia hurdle

G7-backed push to close coal power plants in emerging markets is facing further delays after a July deadline passed without a deal on the early closure of an Indonesian power plant that would be... 

Fortescue signs $2.8bn green equipment partnership with Liebherr

Fortescue said on Wednesday it has signed a $2.8-billion partnership with German-Swiss equipment manufacturer Liebherr to create one of the world's largest zero-emission mining fleets. The two... 

Iron-ore hits over 1-year low on soft China demand prospects, firmer supply

Iron-ore futures fell on Monday to their lowest in more than a year, as investors weighed prospects of soft China demand amid an uneven economic recovery and stronger supply against fresh monetary... 

Indonesia President inaugurates production of Freeport Indonesia's copper smelter

Indonesian President Joko Widodo on Monday oversaw the launch of copper cathode production at Freeport Indonesia's smelter in East Java province. The new $3.7-billion smelter has annual input... 

Nornickel opens EV battery R&D centre

Russia's Nornickel opened an R&D centre in St. Petersburg on Monday to study the use of nickel-containing cathode active materials in electric batteries, marking the first stage of the Russian... 

Indian state coal producer looks to sell surplus coal at discount

Indian State government-run Odisha Coal and Power Limited (OCPL) is looking to sell surplus coal from its mine in eastern India at a discount, an auction document showed, indicating lower demand... 

Gold Reserve drops out of US bidding for shares in Citgo parent

Canadian miner Gold Reserve said on Thursday it has dropped out of a US court-organized bidding for shares in a parent of Venezuela-owned oil refiner Citgo Petroleum, citing court delays, and... 

Russian coal shipments to China fall 13% in August

hina's coal imports from Russia fell 13% in August, customs data showed on Friday, as sanctions continued to weigh. Russia's coal shipments to China last month were 8.7-million metric tons,... 

Biden administration moves closer to approving ioneer's Nevada lithium mine

The Biden administration on Thursday published a key environmental report for ioneer's Rhyolite Ridge lithium mine in Nevada, the last step needed before approving what would become one of the... 

Iron-ore climbs on China stimulus hopes, softer stockpiles

Prices of iron-ore futures gained ground on Thursday, as prospects of fresh Chinese monetary stimulus and lower inventories overshadowed concerns of the top consumer's weakening domestic demand.... 

Indonesia, Britain sign collaboration agreement on critical minerals

Britain on Wednesday signed a memorandum of understanding to collaborate on critical minerals with Indonesia, home to some of the world's largest mineral resources, the UK's embassy in Jakarta... 

BHP's Australian nickel stoppages spoil plans for LME alternative

Plans for two new nickel trading platforms to challenge the London Metal Exchange (LME) have been blown off course by BHP's planned suspension of its plants in Western Australia, which has... 

Coal India eyeing Argentina, Chile for critical minerals, says official

State-run Coal India is scouting for critical minerals in Argentina and is in talks with officials in Chile for lithium, India's federal mines secretary V. L. Kantha Rao said on Wednesday. India... 

Iron-ore posts steepest daily fall in nearly two years

Iron-ore futures prices posted their biggest daily fall in nearly two years on Wednesday, weighed down by prospects of stronger global supply and weakening Chinese steel demand. The most-traded... 

Sibanye considers sourcing nickel for French plant from New Caledonia's Prony

Sibanye-Stillwater said it is studying New Caledonia's Prony Resources as a potential source for nickel it needs to manufacture battery-grade material at its Sandouville plant in France. The... 

US probes uranium jump from China amid concerns over Russian import ban

President Joe Biden's administration is probing a surge in imports of enriched uranium from China since late 2023 amid concerns the shipments are helping Moscow sidestep a US ban on imports of the... 

COP29 leaders unveil climate funding and energy storage goals

Less than two months ahead of the COP29 United Nations Climate Summit, the Azerbaijani leadership laid out its plans on Tuesday for what it hoped to achieve, as countries continue to wrestle with... 

New Hope's annual profit drops on lower coal prices

Australia's New Hope reported an annual profit on Tuesday that fell 56.2%, hurt by lower average realised prices of coal. The miner reported a full-year net profit attributable of A$475.9-million,... 

Goldman Sachs reiterates bullish view on gold prices amid Fed rate-cut hopes

Goldman Sachs reiterated its optimistic outlook on gold prices on Monday, citing central bank demand and the imminent interest rate cut from the US Federal Reserve at its policy meeting this week.... 

New Hope eyes growth as it bids for Anglo American coal assets

Australian coal miner New Hope has built up a war chest to fund its growth plans which could include the coal assets of Anglo American in Queensland if its bid is successful, CEO Rob Bishop said on... 

Saudi Arabia's Ma'aden, Alba ink non-binding deal to form global aluminium powerhouse

Saudi Arabian Mining Company (Ma'aden) said on Monday it has signed a non-binding agreement with Aluminium Bahrain (Alba) to pursue a potential business combination to create a global aluminium... 

First Quantum Minerals offers voluntary retirement to Cobre Panama workers, sources say

Canadian miner First Quantum Minerals has opened a voluntary retirement scheme to workers at the Cobre Panama mine, two sources familiar with the matter said, as the company waits for a government... 

Brazil confirms potential $18bn deal with miners involved in deadly dam disaster

he Brazilian government confirmed on Monday it was in talks on a potential $18-billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve... 

Goldman Sachs cuts Q4 iron-ore price forecast by $15/t on supply glut

Goldman Sachs on Monday cut its iron-ore price forecast for the fourth quarter of 2024 by $15, to $85 per metric ton, citing market oversupply even though demand from top consumer China is... 

Brazil says it has nearly cleared gold miners from Amazon Yanomami reservation

Brazil has almost squashed the illegal gold rush that led thousands of wildcat miners into the Yanomami reservation in the Amazon rainforest and caused a humanitarian crisis of disease and... 

Vale says routine check revealed cracks in dam, stability unchanged

Brazilian miner Vale said on Saturday that it is conducting checks on a dam after a routine inspection identified surface cracks but noted that the structure’s stability conditions remain... 

Alcoa to sell its 25.1% stake in Ma’aden joint venture for $1.1bn

US aluminium maker Alcoa said on Sunday that it would sell a 25.1% stake in its Ma'aden joint venture to Saudi Arabian mining company Ma'aden for $1.1-billion. The transaction includes... 

Ghana anxious lithium price slump will derail maiden project

Ghana is concerned that a slump in global lithium prices could halt its first mining project in the south-central town of Ewoyaa, the head of the country's mining sector regulator told Reuters. In... 

Gold bulls set sights on previously dismissed record $3 000/oz milestone

Gold market bulls are locking in bullion prices surging to fresh records, with a milestone of $3 000 per ounce coming into focus, fired up by monetary easing by major central banks and a tight US... 

Britain's approval for new coal mine unlawful, court rules

Britain's approval of its first new deep coal mine in decades was unlawful, London's High Court ruled on Friday following a legal challenge brought by environmental campaigners. Friends of the... 

Aclara Resources aims to speed up start date for Brazil rare earths deposit

Miner Aclara Resources plans to request a key environmental permit to develop a rare earths deposit in Brazil early next year with the aim of starting production in 2027, two years earlier than... 

First Quantum expects feasibility studies for Peru mine by 2028, manager says

Canadian miner First Quantum Minerals expects updated drilling results for its Peru copper project La Granja in the second half of next year, and feasibility studies by 2028, project development... 

Vale expects research, innovation investments to top $400m in coming years

Brazilian miner Vale expects to invest more than $400-million in research, development and innovation (RD&I) annually in the coming years, the firm's executive vice president of technical affairs... 

Codelco seals early union deals at El Teniente and Ministro Hales

Chile's state copper miner Codelco said on Wednesday it reached early contract agreements with unions at its major El Teniente complex, as well as the Ministro Hales division. Union negotiations... 

Copper output at Chile's Codelco slips nearly 11% in July

Copper output from Chilean state miner Codelco fell 10.7% in July from a year earlier, copper commission Cochilco said on Wednesday, as the world's largest copper company grapples to halt a decline... 

Pilbara eyes low-cost lithium with Latin Resources project in Brazil

Australian lithium miner Pilbara Minerals expects the planned Salinas Lithium Project in Brazil, which it is taking over through its acquisition of Latin Resources, to become a low cost operation...