Lundin Gold sees Ecuador mine producing up to 525 000 oz through 2027

Lundin Gold expects to produce between 475 000 oz and 525 000 oz of gold per year from 2025 to 2027 at the Fruta del Norte mina in Ecuador, the company's chief executive Ron Hochstein told... 

London bullion association launches digital database for gold bars

The London Bullion Market Association (LBMA) has launched a digital database for gold bars to improve transparency in the precious metals market, expecting all LBMA-accredited refineries to come... 

Whitehaven Coal rises on strong second-quarter output

Australia's Whitehaven Coal posted a 92.7% rise in its second-quarter production on Wednesday, aided by strong contributions from its New South Wales mines and Queensland mines, while remaining... 

US buyers face higher costs if Trump pursues copper, aluminium tariffs

President Donald Trump's threat to impose tariffs on US copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and... 

Vale posts highest annual iron-ore output since 2018 despite fourth-quarter slide

Brazilian miner Vale posted on Tuesday its highest annual iron-ore production since 2018, even after a decline in output in the fourth quarter when the company prioritised higher-margin products.... 

Australia's Boss Energy eyes best day in nearly 3 years on robust output growth

Shares of Boss Energy rose about 16% on Wednesday and were poised for their best day in nearly three years, after the uranium miner reported quarterly output well ahead of analysts' estimates for... 

Congo rebel gains to boost illicit mineral trade through Rwanda, analysts say

A lightning advance in Congo's mineral-rich eastern borderlands is set to boost the M23 rebellion's illegal mining revenues, with analysts predicting a further surge in illicit trade in minerals... 

Congo rebels face some resistance in Goma, more peacekeepers killed

Gunfire rippled across east Congo's largest city Goma where Rwandan-backed M23 rebels still faced pockets of resistance from army and pro-government militias on Tuesday, while another four South... 

Ghana plans gold board to increase earnings and curb smuggling

Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling, the west African country's newly appointed finance minister Cassiel... 

Barrick Gold and Mali to start new negotiations on mine Tuesday

Mali's government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its... 

JSW to invest $301m in India copper mines

India's steel-to-power conglomerate JSW Group will invest 26-billion rupees ($301.2-million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous... 

BHP will not make a fresh bid for Anglo American in the near term, FT reports

Australia's BHP will not be making a fresh bid for rival miner Anglo American in the near term because its shares have become too expensive, the Financial Times reported on Saturday, citing three... 

Fortescue Energy CEO says green hydrogen cost is key as demand drops

Replacing fossil fuels with green hydrogen depends on creating demand by making it price competitive, as buyers are unwilling to pay "green premiums", Fortescue Energy CEO Mark Hutchinson told... 

Korea Zinc chairman retains board control amid takeover battle

Shareholders in Korea Zinc elected board members nominated by current management at a special stakeholder meeting on Thursday, escalating a bitter four-month takeover battle for the world's... 

Chile's mining agency expects another global lithium surplus this year

Production cutbacks by lithium companies in response to low prices for the metal have tightened supply forecasts, but a global surplus is still expected for 2024 and 2025, Chilean copper commission... 

Freeport-McMoRan's copper production slips in Indonesia; shares fall

Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company's shares down more than... 

IGO, Tianqi Lithium to cease ops at lithium hydroxide plant in Western Australia

Shares of IGO rose on Friday, after the lithium producer reached an agreement with its Chinese joint-venture partner Tianqi Lithium to cease all works at one of its lithium hydroxide plants in... 

Solar power overtook coal in EU's electricity mix in 2024, Ember says

Solar power overtook coal in the European Union’s electricity mix for the first time last year, while wind power’s share plateaued, data from energy think tank Ember showed on Thursday. The EU is... 

New exploration results at Savannah's Portugal lithium project point to larger deposit

he latest exploration results at Savannah Resources' lithium project in northern Portugal point to a larger deposit than the previously estimated 28-million metric tons of high-grade lithium, the... 

Fortescue's Q2 iron-ore shipments edge up; Iron Bridge shutdown weighs

Shares of Australia's Fortescue slipped on Thursday to a one-week low as it posted a marginal rise in its second-quarter iron-ore shipments, largely in line with market expectations for the... 

Santos targets higher 2025 output, pins hopes on Barossa project

Australia's Santos forecast higher output for fiscal 2025 on the prospect that its Barossa project will begin production later this year, and also posted a sequential rise in its fourth-quarter... 

B2Gold says Mali risks reduced, to continue exploration spending

Canadian miner B2Gold said it is moving forward with plans to invest $10-million in exploration at the Fekola gold complex in Mali this year after a settlement with the government over its mining... 

Workers injured after methane ignites at Polish mine

Polish paramedics treated 16 injured coal miners on Wednesday after methane ignited in a mine in southern Poland, the ambulance service said. Operator JSW said the gas had ignited in the... 

Zambia copper output up 12% last year as key mines recover

Zambia's copper output rose 12% in 2024, buoyed by a recovery in production at key mines as the government counts on the sector to drive economic growth. Output reached roughly 820 670 metric tons,... 

Aussie uranium miners jump as Trump's AI investment, Canada tariff plans augur well

Stocks of Australian uranium miners rose between 3% and 10% on Wednesday, propelled largely by a planned $500 billion private sector investment to fund AI infrastructure and US President Donald... 

Chile launches call for studies on obtaining cobalt, rare earths from mine waste

Chile's development agency Corfo on Tuesday opened a call for studies on the extraction of cobalt and rare earths from mining waste, offering $3-million to $4-million per project for a three-year... 

Rio Tinto bets Trump will give green light to US copper mine, FT reports

Rio Tinto is betting that US President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday. "I do think that we have... 

Trump's EV rollback not expected to suppress appetite for critical minerals

US President Donald Trump's rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging... 

Woodside Energy sees steady 2025 output, shares drop

Woodside Energy, Australia's top independent oil and gas producer, flagged output would be flat in 2025 after reporting fourth quarter revenue in line with forecasts, though realised prices were... 

Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices

Shares of Australia's Evolution Mining rose to a four-year high on Wednesday after the country's second-biggest gold miner reported an improved, better-than-expected output in the second quarter of... 

Zambia hopes mining will trigger economic revival

Zambia is pinning its hopes on the mining sector for an economic revival after the worst drought in living memory caused a sharp slowdown in growth this year, its finance minister said on Tuesday.... 

Eramet's Bories to step down as CEO, stay on as chair

Christel Bories will step down as chief executive of French mining group Eramet in May while remaining chairwoman, the company said on Tuesday. Bories, CEO since 2017, has overseen a shift in... 

Zimbabwe anticipates lithium prices to justify $270m project with China

Zimbabwe's State-owned Kuvimba Mining House expects to finalise this month a deal agreed with two Chinese companies as it sticks with its $270 million lithium project on the basis lithium prices... 

Glencore open to deals as investors brace for more mining M&A

Miner and commodity trader Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper producer. "As we have always... 

Trump says to unleash American fossil fuels, halt climate cooperation

President Donald Trump on Monday laid out a sweeping plan to maximize oil and gas production, including by declaring a national energy emergency to speed permitting, rolling back environmental... 

Investigating magistrate appointed in Belgium in Congo conflict minerals case

An investigating magistrate has been appointed in Belgium after Democratic Republic of the Congo in December filed criminal complaints accusing Apple subsidiaries of using so-called conflict... 

China buys less Russian coal in 2024 despite record imports

China, the world's top coal importer, bought less Russian coal in 2024 while increasing purchases from other key suppliers, led by Australia, during a record year for coal imports, customs data... 

South African police launch manhunt for gang leader of illegal mine

South African police have launched a manhunt for a Lesotho gang member believed to have controlled operations at an illegal gold mine where 78 bodies were recovered last week during a police siege,... 

Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74-billion in free cash flow over the next 37 years, based on consensus long-term prices, the CEO of joint... 

At least seven people killed by army at Ghana's AngloGold Ashanti mine

A Ghanaian small-scale miners' association on Sunday said soldiers killed nine unarmed people at an AngloGold Ashanti mine on Saturday night, while the army said seven illegal miners had been...