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... 

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% US tariff on the metal by the end of the first quarter of this year. Analysts at the US... 

Australia iron-ore hub resumes operations after cyclone threat

Australia's Port Hedland, the world's largest iron-ore export hub, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority said on Monday. The port off the... 

Australian govt pledges A$2bn in green aluminium push

Australia's Labor government on Monday pledged A$2-billion in production credits to help support the country's four aluminium smelters switch to renewable power before 2036. Aluminium is one of... 

Biden boosts loan for ioneer's Nevada lithium mine to nearly $1bn

The US Department of Energy has finalized a $996-million loan for ioneer's Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296-million from a preliminary... 

IGO flags impairment on lithium hydroxide division

Australia's IGO warned of an additional net loss in its first-half results this year on Monday, citing a decline in value of its troubled Kwinana Lithium Hydroxide Refinery, which is grappling with... 

Rio Tinto to form new lithium unit after Arcadium buy, memo says

Anglo-Australian mining giant Rio Tinto plans to create a standalone lithium division after it closes its $6.7-billion acquisition of Arcadium Lithium, according to an internal memo seen by... 

Botswana expects 2025 economic growth rebound on better diamond market

 Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated... 

China copper and gold firm continues spending spree with $1.9bn stake in lithium miner

Zijin Mining Group, an acquisitive Chinese copper and gold producer, has agreed to buy around a quarter of a domestic miner for $1.9-billion as it seeks to expand into lithium. The mining giant... 

Standard Lithium and Equinor secure $225m US grant to develop lithium extraction facility

Standard Lithium said on Thursday SWA Lithium, a jointly-owned unit with energy firm Equinor, has closed on a $225-million grant from the US Department of Energy (DoE). The company said the grant,... 

Biden administration moves to protect more of Alaska refuge from drilling

President Joe Biden's administration on Thursday moved to put more of Alaska's Arctic National Wildlife Refuge off limits to oil and gas development, in a last-minute bid to complicate... 

Lynas flags challenging conditions ahead in rare earths market

Rare earths miner Lynas missed market forecasts for its second-quarter revenue and warned on Friday it expects tough market conditions to prevail in the coming quarter on subdued demand from China,... 

Zambia says Saudi's Manara interested in its copper assets

Saudi Arabia's Manara Minerals is looking for critical minerals projects in Zambia to invest in, the Southern African country's mines minister Paul Kabuswe told Reuters on Thursday. Manara and... 

Chile to lift copper output 6% in next decade, with peak in 2027

Chile, the world's No. 1 copper producer, will boost its output of the red metal to 5.54-million metric tons in 2034, representing a 5.6% increase from 2023, state-run copper commission Cochilco... 

South Africa mine rescue ends, anger rises over 78 deaths in police siege

South African rescuers ended their attempts on Thursday to find anyone left in an illegal gold mine where at least 78 people died during a police siege, as a local volunteer described the horror of... 

South Africa accused of 'horrific' crackdown as 78 corpses pulled from besieged mine

At least 78 dead bodies have been pulled from an illegal gold mine in South Africa where police cut off food and water supplies for months, in what trade unions called a "horrific" crackdown on... 

Savannah seeks compulsory land purchases at Portuguese lithium mine

Savannah Resources is seeking Portuguese government approval for the compulsory purchase of land around its Barroso lithium mining project, in a test of Europe's commitment to boost its minerals... 

Footage shows trapped miners, dead bodies underground after South Africa raid

At least 400 illegal miners remained trapped underground in South Africa two months after a police raid, a group working on behalf of the miners said on Monday, which provided footage of dozens of... 

Barrick to suspend operations in Mali after gold seized

Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter... 

MMG to resume work at Queensland mine with fire threat contained

Mining firm MMG said on Tuesday it expects to resume operations at its Dugald River zinc mine in Queensland later in the day after an approaching grassfire near its perimeter was contained. MMG,... 

China 2024 iron-ore imports hit record on resilient demand, steel exports

China's iron-ore imports in 2024 rose to a record high for a second year, customs data showed on Monday, as lower prices spurred buying while demand remained resilient due in large part to massive... 

Mali starts seizing gold stocks at Barrick site, company memo says

Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may... 

As Trump renews push for Greenland, mineral wealth takes centre stage

US President-elect Donald Trump last week reiterated his interest in taking control of Greenland, a semi-autonomous territory of Denmark, which could be useful for the US because of its strategic... 

China's coal imports hit record high in 2024

China's coal imports rose 14.4% in 2024 to a record high, official data showed on Monday, as lower international coal prices spurred buyers to substitute imports for domestic supply. Coal imports... 

Lithium prices to stabilise in 2025 as mine closures, China EV sales ease glut, analysts say

Lithium prices are expected to stabilise in 2025 after two years of steep declines as shuttered mines and robust electric vehicle sales in China soak up an oversupply, although the potential for... 

Indonesia sets 2025 nickel ore mining quota at around 200Mt

Indonesia has set a quota of around 200-million metric tons for nickel ore mining this year, a senior mining ministry official said on Friday, adding this could be cut if miners failed to comply... 

Vedanta gets $300m loan commitment for debt refinancing

Indian miner Vedanta's parent on Friday said it has secured commitments from Barclays, First Abu Dhabi Bank, and Mashreq totaling $300-million in loan tenors of three years and three months. The... 

US lobbied Greenland rare earths developer Tanbreez not to sell to China

US and Danish officials lobbied the developer of Greenland's largest rare earths deposit last year not to sell its project to Chinese-linked firms, its CEO told Reuters, adding it has been in... 

Congo rebels muddy minerals market with illegal Rwanda exports, says UN report

Rebels in eastern Democratic Republic of Congo fraudulently exported at least 150 metric tons of coltan to Rwanda last year, leading to the largest contamination of the Great Lakes Region's mineral... 

Gold ETFs drew first net inflow in four years in 2024, WGC says

Physically backed gold exchange-traded funds (ETFs) registered a modest net inflow of $3.4-billion in 2024, their first inflow in four years, even though their holdings fell by 6.8-metric tons, the... 

Codelco copper output up in 2024

Copper production from Chile's Codelco, the world's largest producer of the red metal, reached 1.328-million metric tons last year, according to an internal document seen by Reuters on Wednesday.... 

Shell writes down Namibia oil discovery in blow to country

Shell will write down around $400-million overan oil discovery offshore Namibia that it deemed commercially unviable in a blow to the southern African country's efforts to become a crude... 

Alaska wildlife refuge drilling auction yields no bids, US says

The US Interior Department said on Wednesday a congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids from energy companies.... 

Penguins and red tape: Chile says 'no' to $2.5bn Dominga mine again

Chile's government on Wednesday denied an environmental permit for the proposed Dominga iron and copper mine, siding with critics concerned over impacts to penguins and parrots at the $2.5-billion... 

Two bids made for Glencore stake in New Caledonia's Koniambo Nickel

Two potential buyers for Glencore's stake in mothballed New Caledonian nickel producer Koniambo Nickel SAS (KNS) have submitted offers following site visits late last year, KNS said. Part of a... 

China becomes world's second-largest holder of lithium reserves, Xinhua reports

China's lithium reserves have risen from 6% to 16.5% of the global total, making it the world's second-largest holder of lithium reserves, state media reported on Wednesday. The world's top... 

Alaska sues Biden administration over oil and gas leases in Arctic refuge

The US state of Alaska has sued the Biden administration for what it calls violations of a Congressional directive to allow oil and gas development in a portion of the federal Arctic National... 

Lithium Americas raises reserve estimate for Thacker Pass, appoints new CFO

Canada's Lithium Americas said on Tuesday it has raised the reserve estimate for the Thacker Pass lithium project and also appointed industry veteran Luke Colton as the new CFO, effective January... 

Syrah Resources secures loan waiver amid Mozambique unrest

Australia's Syrah Resources said on Tuesday it has secured a waiver for default events under its United States International Development Finance Corporation (DFC) loan of $150-million, granting it...