Zijin Gold launches $3.2bn Hong Kong IPO, city's largest in 2025

Zijin Gold International, a wholly owned unit of China's Zijin Mining, is aiming to raise HK$24.98-billion in a Hong Kong IPO, in what will be the largest in the city this year, according to its... 

Diamond selling processes are outdated and hurting producers, trader says

The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on... 

Gold exports from Switzerland to China soared in August

Gold exports from Switzerland to China jumped 254% in August compared with July to their highest level since May 2024 and supplies to India rose, partly offsetting a slump in deliveries to the... 

Ukraine, US launch fund for critical minerals projects with $150m investment

Ukraine and the US International Development Finance Corporation will each commit $75-million to a joint investment fund that is part of Kyiv's minerals deal with Washington first signed in April,... 

Santos stock slumps as $18.7bn ADNOC-led deal collapses

Australian gas producer Santos' shares fell nearly 14% on Thursday after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7-billion bid for the company, saying commercial terms... 

Australia's watered down emissions target draws ire of environmentalists

Australia on Thursday set its 2035 emissions target at a reduction of 62%-70% from 2005levels, a lower-than-expected figure that was criticised by green groups. The United Nations has asked... 

Ivanhoe Mines in ongoing talks with sovereign funds after Qatar investment, Friedland says

Ivanhoe Mines is in constant dialogue with sovereign wealth funds for potential investments aimed at supporting the company's push to boost production of copper and other critical minerals,... 

ADNOC-led consortium pulls bid for Australia's Santos

Abu Dhabi National Oil Company's international investment arm XRG said on Wednesday that an investor group it was leading had withdrawn an indicative $18.7-billion offer to buy Australian gas... 

Deutsche Bank raises 2026 gold forecast to $4 000 as bullion hits record highs

Deutsche Bank raised its gold price forecast by $300 for next year to an average of $4 000/oz on Wednesday, due to strong central bank demand, potential US dollar weakness and a resumed Federal... 

Syrah Resources gets Tesla reprieve in graphite supply deal

Australia's Syrah Resources said on Wednesday that it has agreed with Tesla to extend the deadline to address an alleged breach of their critical graphite supply agreement, buying the miner... 

Canada industry Minister to meet CEOs of Teck and Anglo American

Canadian Industry Minister Melanie Joly on Tuesday said she would be meeting the CEOs of Anglo American and Teck Resources next week to discuss their proposed merger. "There have been... 

BHP to suspend operations, cut jobs at Australian coking coal mine

BHP will suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that have dented its... 

China's Inner Mongolia halts coal mines for exceeding output plans, document shows

Inner Mongolia, China’s largest coal-producing region, has ordered 15 mines to halt production after they were found to have exceeded their approved output plans, a document from the Inner Mongolia... 

Vedanta to retain coal as base energy source, top executive says

Indian mining and metals conglomerate Vedanta will continue to rely on coal as its primary energy source for mining operations while aiming to increase the share of renewable sources in its energy... 

Global oil and gas field decline rates are increasing, IEA says

The natural rate of decline in output from the world's oil and gas fields is speeding up, owing to more reliance on shale and deep offshore resources, the International Energy Agency (IEA) said on... 

Gold uptrend intact, but due for correction before topping $4 000 in 2026

Gold's stellar rally to successive record highs shows every sign of continuing for the rest of the year, but a healthy correction is on the cards before breaching the $4 000/oz milestone in 2026,... 

Canada PM told Anglo American to move HQ to Canada for Teck deal nod - report

Canadian Prime Minister Mark Carney told Anglo American to move its headquarters to Canada or its proposed acquisition of Teck Resources would not be allowed to proceed, the Globe and Mail reported... 

New Hope focused on organic growth; no plans to pursue Anglo assets

Australia's New Hope said on Tuesday it is focused on organic growth and does not plan to compete for Anglo American's Australian coal mines, after reporting earnings that were cushioned from a... 

Chinese steel body to meet iron-ore procurement heads at steelmakers this week, document says

The State-backed China Iron and Steel Association will hold a meeting with the heads of iron-ore procurement at its steelmaker members on Thursday, according to a document reviewed by Reuters. Two... 

Savannah Resources raises lithium reserve estimate at Portugal mine project by 40%

London-listed Savannah Resources said on Monday it has increased its estimate for the reserves of its lithium mine project in northern Portugal by 40% after completing additional prospecting work.... 

Congo-Rwanda draft deal outlines role of US, others in revamp of minerals sector

Rwanda and the Democratic Republic of Congo (DRC) will commit to working with third parties, including the US, to revamp their mineral supply chains and develop reforms, according to a draft of an... 

BHP flags organic copper growth, US allure, silent on big buyouts

The world's biggest mining company, BHP, touted its solid copper potential and flagged the investment appeal of the United States on Monday, but was silent on the prospect of major buyouts, as top... 

Rescue efforts ongoing at Freeport's Grasberg mine, operations still on halt

Efforts to rescue seven workers at Freeport Indonesia's Grasberg copper and gold mine are continuing one week after a heavy mud flow trapped them underground, a mining ministry official said on... 

Ukraine, US to scout for minerals deal investment projects

Ukrainian officials and a team from the US International Development Finance Corporation will carry out site visits to identify investment projects as part of Kyiv's minerals deal with Washington,... 

Australia warns of cascading climate risks ahead of emissions target announcement

Australia will suffer more frequent and extreme climate events, often happening simultaneously, which will strain industry, services and infrastructure, a government report said on Monday, ahead of... 

UBS raises gold price target to $3 800/oz by end-2025

UBS raised on Friday its gold price forecast by $300 to $3 800 per ounce by the end of 2025 and by $200 to $3 900 by mid-2026, citing anticipated Federal Reserve easing and dollar weakness linked... 

ERG settles with Gecamines over DRC Swanmines project

Kazakh mining giant Eurasian Resources Group (ERG) said on Thursday it had signed a settlement with the Democratic Republic of Congo's state-owned miner Gecamines in a dispute over the Swanmines... 

Indonesia seizes 148 ha area of Weda Bay Nickel

An Indonesian task force has seized a 148 ha area of PT Weda Bay Nickel for not having the relevant forestry permits, mining ministry official Rilke Jeffri Huwae said on Friday. The move is part... 

Codelco and BHP's Escondida boost copper output in July

Chile's State-owned Codelco, the world's largest copper producer, and BHP's Escondida mine both posted year-on-year increases in production in July, data from copper commission Cochilco showed on... 

Vale receives operating license for key iron-ore project

Brazilian miner Vale said on Thursday it has received an operating license for activities related to the so-called Serra Sul +20 Mtpy project, which it expects to "significantly increase" its iron... 

Namibia to boost sulphuric acid production as critical mineral output rises

Namibia is set to increase its sulphuric acid production in response to rising critical mineral output, with Green Metals Refining and Vedanta announcing plans on Thursday to set up and revive... 

India to offer large carbon capture incentives as coal remains major part of energy mix

India is preparing to launch a national carbon capture initiative with substantial government incentives, as it seeks to balance rising energy demand with its climate goals while relying on coal, a... 

Vietnam plans online gold exchange as it allows private imports

Vietnam plans to open an online gold exchange and will allow companies to import gold for the first time in over a decade starting from next month, part of efforts to stabilise domestic prices,... 

White House tariff update on gold bars a 'welcome development,' LBMA says

The White House update to its tariff schedule is a "welcome development" after challenges caused by a recent US Customs ruling on gold bars, the London Bullion Market Association said on... 

Newmont applies for voluntary delisting from Toronto Stock Exchange

Newmont has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday. The move, expected to... 

BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth

Top global miner BHP's focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53-billion tie-up of Anglo American and Teck... 

Lithium miners slide worldwide as CATL seen resuming China mine

Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) shuttered Yichun mine is likely to resume... 

Coal subsidies, policy instability threaten Asia's energy transition

Asia's clean energy push will stall unless governments curb fossil fuel subsidies, offer stable policy direction and invest in upgrading grids, industry executives said on Wednesday. The... 

ANZ hikes gold price forecast to $3 800 on solid investment demand

Australian lender ANZ Group raised its year-end gold price forecast to $3 800/oz on Wednesday and expects prices to peak near $4 000 by next June, supported by strong investment demand for... 

Teck cannot control a bidding war, focused on completing Anglo merger, CEO says

Teck Resources will focus on obtaining approval to close its proposed merger with Anglo American, Teck's CEO told Reuters on Tuesday, adding that it wouldn't be able to control any bidding war the...