Glencore copper mine in Congo locked in €800m royalty row

A Glencore-owned copper mine in the Democratic Republic of Congo is embroiled in a row over royalties with local tax authorities. The government body – known by its French acronym DGRAD – says that... 

Rio Tinto aims to produce copper in Arizona by end of decade

Rio Tinto aims to start churning out copper from a long-delayed mining project in Arizona by the end of the decade, according to CEO Jakob Stausholm. “From a permitting point of view, we are... 

Zijin wants its Africa copper mine to rival the world’s biggest

China’s Zijin Mining Group Co. is considering an expansion of its jointly-owned copper mine in the Democratic Republic of Congo that would place it among the world’s biggest single sources of the... 

Harris vows to create US critical minerals stockpile, incentives

Vice President Kamala Harris vowed to create a national stockpile of critical minerals, saying a cache of the materials used in everything from batteries to defense systems is needed for economic... 

US-led group weighs funding more mineral projects to counter China dominance

A US-led coalition of countries is looking at funding more minerals projects using a financing network aimed at combating China’s dominance of metal supply chains. The Minerals Security... 

China mining heavyweights partner with Zimbabwe on lithium mine

Chinese miners Zhejiang Huayou Cobalt and Tsingshan Holding Group are defying low lithium prices to develop a deposit of the battery metal with a Zimbabwean state company. The two firms already... 

China’s Tianqi to keep fighting for role in SQM lithium deal

Tianqi Lithium vowed to continue its battle for a say in a planned deal to share ownership of one of the world’s biggest lithium operations, a case the company sees as crucial for future Chinese... 

Australia clears coal mine expansions in hit to green goals

Australia approved the expansion of three coal mines, sparking criticism of Prime Minister Anthony Albanese’s administration and its efforts to keep emissions in check. The government cleared an... 

Trafigura’s new boss is ex-soldier who says profit comes first

A couple of months ago, the man in line to be Trafigura’s next CEO, Richard Holtum, gathered the commodity trader’s staff in Singapore. His message was a simple one, according to several people... 

Australia eyes completion of US critical minerals pact this year

Australia expects to conclude an agreement with the US over critical minerals before the end of the year, Prime Minister Anthony Albanese said. Critical minerals and their supply chain will be... 

Rio Tinto chair warns mining deals won't solve supply crisis

The world needs more mines to cope with rising demand for key energy-transition metals like copper, as mergers and acquisitions will not plug a looming supply gap, Rio Tinto Group chairman Dominic... 

Zambian miners resist State taking bigger stake in resources

Zambian mining companies met with the government to resolve differences over a proposed legal change that would potentially give the state a bigger share of its mineral resources. Draft... 

Biden awards $3bn to boost domestic battery production

American Battery Technology and lithium-producer Albemarle are among 25 companies getting more than $3-billion in funding from the Biden administration to boost domestic production of advanced... 

Base metals enjoy strong week with boost from Fed, China demand

Copper surged to a two-month high to cap a strong week for metals, helped by the Federal Reserve’s half-point rate cut. Base metals have advanced with other global risk assets after Fed Chair... 

Gold’s record surge dampens China’s holiday shopping enthusiasm

Gold’s months-long, record-breaking surge is keeping consumers at bay in China, tarnishing what should be one of the busiest times of the year for jewelry retailers in the world’s biggest buyer.... 

A copper M&A frenzy masks big miners’ hesitation to build

In the dusty, treeless outback of Southern Australia, a brand new mining camp is home to a hundred workers, putting in 12-hour days, two weeks at a time. Dozens of trucks are scattered across the... 

Gold rises to record after Fed makes first rate cut since 2020

Gold advanced to a record high after the Federal Reserve lowered its benchmark interest rate by a half a percentage point Wednesday, in an aggressive start to a policy shift to boost the labor... 

Barrick suspends Papua New Guinea mine after deadly clashes

Barrick Gold suspended operations at a gold mine in Papua New Guinea after violent clashes in the area killed two company employees. Mining was halted in a move to protect employees at the Porgera... 

BHP’s fertiliser boss bets on low-cost potash to challenge rivals

BHP Group expects its $10.6-billion potash mine in Canada to make money even with weakened fertilizer prices, says the head of the project. Jansen mine is expected to produce potash at costs that... 

Gold miners say they’re now disciplined as dealmaking heats up

With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending. There has been a flurry... 

Gold-rich Sudan talks mining With Russia as war alliances shift

Gold-rich Sudan discussed boosting cooperation in the mining sector with Russia, as Moscow strengthens ties with the North African nation’s military-led government amid a 17-month civil war. A... 

Zambia mines lobby calls on government to halt reforms

Zambia’s Chamber of Mines said proposed legislative and policy reforms pose “an unprecedented threat” to investors’ rights and will undermine the country’s ambitions to quadruple copper production.... 

China’s Zijin vows to keep investing in Canadian mining despite crackdown

Zijin Mining Group, China’s most valuable mining company, says it won’t be deterred by the Canadian government’s measures to limit foreign involvement in its mining sector. The Chinese gold and... 

Newmont on track to get at least $2bn from asset sales, COO says

Newmont, the world’s biggest gold miner, said it’s on track to raise $2-billion — if not more — from selling smaller mines and development projects. “We’ll get at least that,” COO Natascha Viljoen... 

Seriti plans to cut over 1 100 coal jobs

South African coal miner Seriti Resources said it plans to cut as many as 1 137 workers across two opencast operations because the mines are unprofitable. The Middelburg Mine Services and... 

China’s grip on rare earths undercuts projects from US to Japan

A couple hours outside Houston, in a remote field near a Dow Chemical Co. plant, America’s bid to undercut China’s grip on the global supply of rare earth minerals critical to high technology has... 

Gold climbs to another record with Fed rate cut expected in days

Gold rose to a record as markets waited for the Federal Reserve to begin easing monetary policy for the first time in more than four years. Bullion climbed as much as 0.4% to a high of $2... 

Aussie mining shares rally under pressure after bumper week

The best week in over a year for Australia’s mining shares is at risk of reversing as concerns deepen over China’s growth trajectory. Weakening factory output and consumption data in the world’s... 

Rio Tinto boosts stake in graphite miner as China curbs exports

Mining heavyweight Rio Tinto Group has increased its shareholding in an Australian-listed graphite developer to the maximum allowed before it must make a takeover offer, as China limits exports of... 

South Africa told by Germany its energy transition too slow

South Africa has been told that the pace of its energy transition is too slow by a key funder, Germany, Environment Minister, Dion George, said. Germany is one of the partners in the so-called Just... 

Zambian copper mines desperate for power find an unlikely saviour

Zambia’s biggest mines are turning to a surprising power source as the copper-producing nation battles an unprecedented energy crisis: South African electricity company Eskom Holdings, which until... 

Gold rises to another record high ahead of expected Fed rate cut

Gold rose to another record high — after surging almost 2% to an all-time peak on Thursday — as the dollar extended declines ahead of a widely expected Federal Reserve rate cut next week. Bullion... 

US State Department official sees bipartisan support for Africa critical mineral projects

A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after... 

Lundin CEO says potential buyers are eyeing its European mines

Lundin Mining’s top executive says several potential buyers are looking at its mines in Europe as the Canadian metals producer looks to sell its oldest assets. “We have a lot of interested parties... 

Struggling miners put the brakes on South Africa’s stock rally

South African stocks have their noses in front of emerging-market peers, but glum news from China threatens to weigh on the key mining sector and stymie that outperformance. Johannesburg’s main... 

Lithium world asks if surprise mine shutdown can arrest slump

An unexpected shutdown at one of China’s biggest lithium mines has left the industry scrambling to judge if the move will be enough to end the battery material’s prolonged price slump. The share... 

Transnet breaches loan terms again as debt weighs on investment

Transnet breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect its ailing... 

Zimbabwe’s biggest miners seek $182m for solar projects

Some of Zimbabwe’s biggest miners are seeking $182-million to develop 200 MW of locally-generated solar power, according to the head of the renewables company responsible for the projects. The... 

Iron-ore tests floor as plunge to $90/t puts mines at risk

Iron-ore’s plunge is about to test the view that the steelmaking material can find solid price support at $90 a ton or more as high-cost mines are nudged out of the market. Futures in Singapore... 

Congo sells copper from Tenke to trio of trading heavyweights

Glencore, Mercuria Energy Group and Trafigura Group are buying copper from the Democratic Republic of Congo’s State miner, which is marketing metal from joint venture projects for the first time....