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Paladin’s takeover of Fission yet to win shareholders’ support

30th August 2024

Paladin Energy’s takeover of fellow uranium producer Fission Uranium is in doubt, as it has so far fallen short of winning enough support from shareholders to seal the deal. In July, Paladin... 


An underground copper mine

Zambia plans State firm to own 30% of critical minerals mines

30th August 2024

Zambia plans to establish an investment company that will control at least 30% of critical minerals production from future mines. Mines Minister Paul Kabuswe unveiled a strategy on Thursday that he... 


Mount Marion, in Australia

Lithium bust spurs Ganfeng to delay project capex as losses hit

30th August 2024

Battery-material giant Ganfeng Lithium Group said it would delay spending on projects that do not generate “significant” near-term returns after posting a first-half loss, as the industry faces a... 


Lilac Solutions has raised over $300-million to commercialise its direct lithium extraction technology.

Lithium startups bet on high demand in battery-powered future

29th August 2024

As the world leans into electrification, it will need more lithium. A key ingredient in the batteries that power everything from electric vehicles to cell phones, demand is projected to accelerate... 


Iron-ore’s ‘irrational’ rally past $100 triggers warning

Iron-ore’s ‘irrational’ rally past $100 triggers warning

29th August 2024

Iron-ore has jumped by about 10% in 10 days to breach $100 a ton, prompting the official journal of China’s metals industry to pen a long article on why the gains are overdone. The steelmaking... 


US sees bipartisan backing for Africa critical minerals projects

29th August 2024

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... 


The Ambatovy mine in Madagascar

Sumitomo files debt overhaul plan for Madagascar nickel mine

29th August 2024

Sumitomo Corp has filed a debt restructuring plan to a UK court for its Ambatovy nickel and cobalt project, in Madagascar. The plan would allow it to address plant equipment malfunctions and ensure... 


Chris Ellison

Mining billionaire who banned work from home targets coffee runs

29th August 2024

Staff at billionaire Chris Ellison’s mining company have already been banned from working from home. Stepping outside for a coffee could well be the next endangered perk. “I want to hold them... 


China’s steel slump set to worsen as heavyweights flag concerns

China’s steel slump set to worsen as heavyweights flag concerns

28th August 2024

China’s steel-industry slowdown looks set to deepen, with BHP Group, the world’s biggest miner, and China Baowu Group, the top iron-ore buyer, flagging concerns as demand fades after decades of... 


First Quantum seeks damages for copper trapped at Panama mine

28th August 2024

First Quantum Minerals is seeking compensation from Panama for a stockpile of semi-processed copper ore stranded at the company’s flagship mine as part of wider arbitration over the shuttered... 


BYD executive VP Stella Li

BYD says fate of lithium project is in hands of Chile government

27th August 2024

BYD said the timing of its lithium project in Chile remains up in the air as the Chinese electric vehicle juggernaut continues to negotiate with authorities in the South American nation. In April... 


A gloved hand holding lithium

Zijin to miss lithium output target and control pace of projects

27th August 2024

Zijin Mining Group, China’s most valuable miner and an aspiring lithium giant, said it will miss its production guidance for the battery material this year as prices continue to languish. Zijin’s... 


The Jimblebar iron-ore mine in Western Australia

BHP’s profit rises 2% as concerns on China demand increase

27th August 2024

BHP Group, the world’s biggest miner, reported full-year profit edged up 2%, in line with analyst forecasts, even as China’s property market continued to weigh on its economy and demand for... 


Copper supply risks ease as miners do deals in biggest supplier

Copper supply risks ease as miners do deals in biggest supplier

27th August 2024

Chile’s copper-mining industry is emerging from an intense period of wage negotiations, signaling a diminished risk of further disruptions in a country that accounts for a quarter of supply. Over... 


Jerome Powell

Gold bulls celebrate as Jackson Hole reinforces bets on rally

26th August 2024

Gold’s record-setting rally above $2 500 an ounce looks to have further to run as the Federal Reserve prepares to chop rates, traditional drivers such as lower yields return, and Western investors... 


World’s top cobalt producer expects supply pressures to ease

World’s top cobalt producer expects supply pressures to ease

26th August 2024

China’s CMOC Group, the world’s biggest cobalt producer, expects supply pressures to start easing in the second half of this year. Cobalt — used in batteries and alloys — has been in the doldrums... 


Coal hub Australia sees need to improve methane accounting

Coal hub Australia sees need to improve methane accounting

26th August 2024

Australia will aim to provide more accurate assessments of methane emissions after a review of the nation’s climate accounting recommended improvements. The country, which has committed to cutting... 


Railway lines in Southern Africa

Scramble for critical minerals spurs an African rail revival

26th August 2024

Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its... 


China’s Zijin Mining sees increasing threats to M&A ambitions

China’s Zijin Mining sees increasing threats to M&A ambitions

26th August 2024

Major Chinese copper and gold producer Zijin Mining Group said a slowing global economy, geopolitical tensions, and resource nationalism could restrict its overseas deal-making ambitions. Net... 


Woodside Energy earnings set to dip as investors eye strategic deals

Woodside Energy earnings set to dip as investors eye strategic deals

26th August 2024

Woodside Energy, Australia's top independent gas producer, is on track to post a drop in interim earnings on Tuesday, with investors focusing on its deal-making strategy after the collapse of a... 


Pilbara slashes spending after plunge in profits

Pilbara slashes spending after plunge in profits

26th August 2024

Lithium miner Pilbara Minerals has cut spending on its longer-term expansion projects after a crash in full-year net income that was driven by plunging prices for the battery metal. Capital... 


Investors rush into uranium miners on Kazakh production outlook

23rd August 2024

Uranium-focused investors in North America are plowing into in miners of the nuclear reactor fuel after the world’s largest producer, Kazatomprom released guidance that fell short of market... 


Societe Generale exits LME trading floor in blow for exchange

23rd August 2024

Societe Generale SA is withdrawing from the London Metal Exchange’s open-outcry trading floor, in a move that will raise fresh questions about the viability of the iconic “Ring” as a key... 


Briton must face South African Eskom bribery charges, court says

23rd August 2024

A British national wanted in South Africa over allegations of bribes paid in a deal struck with state-owned power utility Eskom Holdings lost a bid to block his extradition. A London judge... 


Canadian Prime Minister Justin Trudeau

Canada tries to end railway lockout, sends dispute to labour body

23rd August 2024

Prime Minister Justin Trudeau’s government stepped in to try to end a work stoppage at Canada’s two largest railways that has brought rail traffic to a halt. Labor Minister Steven MacKinnon asked... 


Chinese zinc smelters meet to mull output cuts to stem losses

23rd August 2024

China’s major zinc smelters are discussing possible output cuts, after tight global supplies of concentrate and weak demand forced spot processing fees into negative territory. The response to the... 


Rare earth miner Tactical Resources plans Nasdaq listing via SPAC deal

23rd August 2024

Tactical Resources, a mining company focused on rare earth elements, has agreed to go public on the Nasdaq stock market through a merger with a blank-check firm, according to people familiar with... 


Miners tap trucks, divert shipments to sidestep Canada rail woes

Miners tap trucks, divert shipments to sidestep Canada rail woes

23rd August 2024

Two mining giants are re-routing shipments and turning to trucks to deal with disruptions from a Canadian railway stoppage that threatens to undermine the industry’s operations. Rio Tinto Group... 


Flash copper price squeeze helps upend global trade flows

Flash copper price squeeze helps upend global trade flows

22nd August 2024

When copper surged toward a record high in New York in May, a ship was in the Pacific Ocean carrying a raw form of the metal from Chile to top buyer China. By the time the Ricarda arrived in... 


Prime Minister Justin Trudeau

Trudeau calls on railways, union to reach deal to avoid strike

22nd August 2024

Prime Minister Justin Trudeau is urging Canada’s two largest railways and unionised workers to reach a deal to avert a strike that businesses warn will cause significant harm to the Canadian and US... 


SQM keeps expanding into lithium glut but vows market review

SQM keeps expanding into lithium glut but vows market review

22nd August 2024

The world’s No. 2 lithium producer SQM shipped record-high volume last quarter and vowed to keep growing production in Chile even as slumping prices prompt a review of “less attractive” markets.... 


Peabody rises after Thomist takes stake, suggests buybacks

Peabody rises after Thomist takes stake, suggests buybacks

22nd August 2024

Peabody Energy rose more than 7% after Thomist Capital Management disclosed a 9.96% stake and urged the coal miner to buy back shares. Thomist suggested to Peabody management that the company... 


Arch merges with Consol to create a coal-export powerhouse

Arch merges with Consol to create a coal-export powerhouse

22nd August 2024

US coal producer Arch Resources Inc. agreed to merge with rival Consol Energy in a $2.3-billion deal aimed at creating a North American mining heavyweight to deliver the fuel around the world. The... 


Gold panning

Zimbabwe bans riverbed mining to protect water sources

21st August 2024

Zimbabwe has banned riverbed alluvial mining with immediate effect to protect the environment, a move that could impact many of the country’s gold miners. Agriculture Minister Anxious Masuka made... 


China’s exports of critical minerals recover after curbs imposed

21st August 2024

Chinese exports of critical minerals are returning to more normal levels, undercutting fears that the restrictions imposed by the government last year could choke off supplies crucial to high-tech... 


Iron-ore stockpiles

Iron-ore rises for third day on China policy support optimism

21st August 2024

Iron-ore rose for a third day — recovering more of its 9% plunge last week — on signs Chinese authorities will take more steps to try and revive the country’s moribund property market. The... 


Coal stockpiles at a mine in Virginia in the US

Coal miner Arch Resources is said to be in talks to merge with Consol

21st August 2024

Arch Resources is nearing an agreement to merge with Consol Energy in a combination that would create a $5-billion coal mining company, according to people familiar with the matter. An agreement... 


Coal-rich Indian state to pass mining tax after court ruling

20th August 2024

The Indian state of Jharkhand has passed a bill imposing mining taxes, according to people familiar with the matter, a move that’s set to inflate the prices of minerals from coal to bauxite. The... 


Iron-ore stockpiles in Australia

Iron-ore to extend rout as it’s ‘different this time,’ Citi says

20th August 2024

Iron-ore is poised to extend declines into the $80/t range as China’s steelmakers reduce production, according to Citigroup Inc., which pared price forecasts and said that market dynamics have... 


Gold steady above $2 500 ahead of Powell’s Jackson Hole speech

20th August 2024

Gold was steady near a record high before a hotly anticipated speech by Federal Reserve chair Jerome Powell later in the week, which may offer clues on how rapidly the central bank will cut... 


Gold bars are worth a million dollars for the first time

Gold bars are worth a million dollars for the first time

20th August 2024

For the first time ever, a bar of gold is worth a cool one million dollars. The milestone was reached Friday, when the precious metal’s spot price surpassed $2 500 per troy ounce, an all-time... 


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