China rare earths deal will 'hopefully' be done by Thanksgiving, Bessent says

A rare earths deal between the US and China will "hopefully" be done by Thanksgiving, Treasury Secretary Scott Bessent said in remarks that aired on Sunday. Bessent's comments follow a framework... 

Barrick Mining considers splitting into two entities, sources say

The board of Canada's Barrick Mining has raised the possibility of splitting the company into two separate entities, one focused on North America and the other on Africa and Asia, four sources... 

Ghana scraps tax on minerals exploration to boost investment

Ghana will abolish value-added tax on mineral exploration and reconnaissance to boost investment in its mining sector, its finance minister said, as Africa’s top bullion producer seeks to reverse... 

BHP liable for 2015 Brazil dam collapse, UK court rules in mammoth lawsuit

BHP is liable for the 2015 collapse of a dam in southeastern Brazil, London's High Court ruled on Friday, in a lawsuit the claimants' lawyers previously valued at up to 36-billion pounds... 

China's coal output fell 2.3% year-on-year in October

China's coal output fell 2.3% year-on-year in October, official data showed on Friday, reflecting production restrictions designed to support prices. October output was 406.75-million metric tons.... 

Trump administration revokes Biden-era limits on Alaska oil drilling

The Trump administration on Thursday finalised its rollback of Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land. The move is... 

Congo produces first 1 000 t of traceable artisanal cobalt

The State cobalt agency in Democratic Republic of Congo has produced its first 1,000 metric tons of traceable artisanal cobalt, a key step in formalizing the sector in a country that supplies much... 

China's copper exports boom on rising arbitrage, supply

Chinese copper exports are on pace to set a record in 2025, with October shipments set to exceed 100 000 metric tons for only the third time ever, as rising domestic supply and higher foreign... 

US House report accuses China of minerals market interference

China for decades has sought to manipulate global critical minerals prices, using its control as an economic weapon to expand its manufacturing sector and its geopolitical influence, a US House of... 

CEO of Australia's PLS says government support could boost lithium supply chains

Global supply chains for lithium could benefit from collaboration among governments but any intervention on prices would need to be handled carefully, Dale Henderson, CEO of Australian lithium... 

Iron-ore gains as China stimulus hopes dominate

Iron-ore futures gained on Wednesday, as hopes of fresh stimulus from top consumer China outweighed concerns over a gloomy outlook stemming from growing supply and diminishing demand. The... 

MinRes inks $765m deal with Posco for lithium JV stake, shares surge

Australia's Mineral Resources said on Wednesday it would sell a 30% stake in part of its lithium business to South Korea's Posco for $765-million as it seeks to cut debt and repair its balance... 

Guinea to fast-track alumina, iron-ore processing, mines minister says

Guinea will fast-track the development of alumina refineries and iron-ore pellet plants to end decades of raw ore exports, its mines minister told reporters, as the country prepares for the first... 

Botswana taking steps to acquire majority stake in De Beers, President says

Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15%... 

Australia watchdog sues AVZ Minerals over Congo disclosure breaches

Australia's corporate regulator said on Tuesday it has sued AVZ Minerals and two of its directors, alleging the miner failed to disclose an escalating legal dispute with the Democratic Republic of... 

Vale gearing up to meet Indian demand as China steel output stagnates, CEO says

Brazilian miner Vale is preparing to meet rising iron ore demand from India, which could double its steel production by the end of the decade, CEO Gustavo Pimenta told Reuters. Rising sales to... 

Aluminium premium hits record in US on tariffs, global squeeze

Premiums for consumers buying aluminium on the physical market in the US have hit record highs, driven by steep import tariffs and tight supplies globally. President Donald Trump doubled tariffs... 

China grants conditional approval for Codelco-SQM lithium joint venture

China's market regulator said on Monday that it granted conditional approval for a lithium-related joint venture between Chile's state-run copper giant-Codelco and local lithium producer SQM. The... 

Why coal still clings on in renewable energy powerhouse Brazil

One of Brazil's last coal plants roared back to life in July after a powerful business group invested millions to keep its turbines turning in the southern mining town of Candiota. The plant's... 

Japan's Marubeni to invest in Australian critical minerals project

Japan's Marubeni said on Monday it will invest in a mineral sands project of Australia's RZ Resources, following in the footsteps of compatriot JX Advanced Metals which struck a similar deal with... 

China halts ban on gallium, germanium, antimony exports to US, but controls remain

China has suspended a ban on exports of gallium, germanium and antimony to the US, its commerce ministry said on Sunday, although the three metals remain subject to broader export controls... 

Newmont's restructuring impacts 16% of jobs in the company, memo shows

Newmont's restructuring following the acquisition of Australian miner Newcrest has impacted 16% of the company's workforce, according to an internal memo to staff seen by Reuters. The reductions... 

Congo suspends activities at Chinese mine after spill

The Democratic Republic of Congo has suspended activities at a Chinese-operated mining site in the south of the resource-rich country after a spill, mines minister Louis Watum Kabamba said late on... 

Freeport Indonesia says investigation concluded on Grasberg incident

Freeport Indonesia said on Friday that an investigation into a mud flow that killed seven workers at its Grasberg copper and gold mine has ended and the company has received improvement... 

Botswana and Angola hold talks as both seek control of De Beers

The mining ministers of Botswana and Angola held talks in Botswana's capital on Friday on cooperation in the diamond sector, as the two Southern African countries seek to take control of Anglo... 

Albemarle's cost cuts, steady volumes fuel smaller loss amid weak lithium prices

Albemarle reported a smaller-than-expected loss for the third quarter on Wednesday, as the lithium producer's tight leash on costs and resilient sales volumes softened the squeeze from persistently... 

Nutrien tops profit estimates, launches review of phosphate business

Nutrien beat analysts' expectations for third-quarter profit on Wednesday, and said it would initiate a review of strategic alternatives for its phosphate business. US-listed shares of the... 

Can Africa ride critical minerals wave to economic boom?

As global powers scramble for critical minerals, African countries are pushing for new investment to process more of their own raw materials and meet their people's demands for economic growth and... 

Codelco cuts copper output guidance for 2025

Chile's Codelco, the world's largest copper producer, cut on Tuesday its forecast for 2025 output, despite higher production in the year's first nine months through September. The state-owned... 

Putin orders road map for Russian rare earths extraction

Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals. In a list of tasks for ministers published on... 

TechMet to add to portfolio, fears Europe losing battle for critical minerals

The CEO of US-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the US in building a... 

China cuts gold tax exemption as state bank stops gold product enrollments

A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metalthat is likely to hit retail demand in the... 

Resource disputes between investors and states hit ten-year high

Disagreements between governments and investors over resources are at a ten-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for... 

Vale likely to announce extraordinary dividends soon, CFO says

Vale is likely to announce extraordinary dividends in the coming months, CFO Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner's third-quarter... 

Angola says national budget will not fund Endiama's De Beers bid

Angola will not fund state-owned miner Endiama's proposed acquisition of a stake in De Beers through the national budget, Finance Minister Vera Daves de Sousa said on Friday. Endiama has bid for a... 

Trump administration announces $100m in funding to upgrade coal plants

The US Department of Energy on Friday announced that it would make $100-million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump... 

Angola diamond production totals 10.7Mct in January-September

Angola's rough diamond production reached 10.7-million carats in the nine months to September, a government official said on Friday, as the country targets another record haul this year. The... 

Newmont CEO says Ghana's fiscal stability key as $900m gold mine opens

Fiscal stability and fair tax and royalty systems are vital if countries want to attract mining investment, Newmont CEO Tom Palmer told Reuters as the company opened its $900-million Ahafo North... 

Hastings to negotiate offtake deal with Ucore for Yangibana project

Australia's Hastings Technology Metals said on Friday its Yangibana joint venture project in Western Australia has agreed to negotiate for a potential offtake deal with North American rare-earths... 

Arkansas aims to become US lithium hub, overcoming Chinese competition, tech challenges

Arkansas faces stiff Chinese competition, sagging market prices and technological challenges as it vies to become the hub for US lithium production, obstacles that state officials and industry...