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Asia

Gold heads for weekly loss as Middle East truce saps demand
Gold heads for weekly loss as Middle East truce saps demand
27th June 2025 By: Bloomberg

Gold headed for its second consecutive weekly loss, after a ceasefire between Israel and Iran dented demand for havens. Bullion edged lower early in Asia to around $3 315 an ounce and was down... 


President Donald Trump
US says deal with Beijing will expedite rare earth exports from China
27th June 2025 By: Reuters

The United States has reached an agreement with China on how to expedite rare earth shipments to the US, a White House official said on Thursday, amid efforts to end a trade war between the world's... 


gold bars
WGC on the warpath to digitise, standardise gold market to enhance trust, transparency
26th June 2025 By: Darren Parker

World Gold Council (WGC) CEO David Tait has highlighted how the council is addressing four major challenges in the digitisation and standardisation of the gold market, namely a lack of trust, poor... 


Vedanta secures up to $600m to refinance debt
26th June 2025 By: Reuters

Indian miner Vedanta said on Thursday its parent Vedanta Resources has secured a loan facility agreement worth up to $600-million with international banks to refinance its debt. Easing risks... 


Treasurer Jim Chalmers
Australia sues China-linked rare earths investors
26th June 2025 By: Reuters

Australia is suing a Chinese-linked company and a former associate over a breach of foreign investment laws linked with rare earths miner Northern Minerals, the national treasurer said on Thursday,... 


A gold bar being poured
High costs, rising investment hit 2024 profits of top 40 global mining companies
26th June 2025 By: Natasha Odendaal

Globally, the mining sector – except the gold industry – had a challenging 2024, with declining revenues and earnings before interest, taxes, depreciation and amortisation (Ebitda) as the industry... 


Copper extends gains as Goldman sees 2025 price peak in August
Copper extends gains as Goldman sees 2025 price peak in August
26th June 2025 By: Bloomberg

Copper extended gains for a fifth day, after Goldman Sachs Group said it expected prices to rise to a 2025 peak of around $10 050 a ton in August, as supplies outside the US tighten. Traders of... 


Statistical review highlights scale of energy transition challenge as emissions continue to rise
Statistical review highlights scale of energy transition challenge as emissions continue to rise
26th June 2025 By: Terence Creamer

Global emissions from energy grew 1% to a record 40.8 Gt of carbon dioxide equivalent (CO2e) in 2024 as total energy demand rose 2% to a new high of 592 exajoules (EJ), the latest ‘Statistical... 


Sydney University Associate Professor Dr Lauren Johnston on screen top left at London Indaba.
China sees pleasing Africa as form of insurance against trade wars, London Indaba hears
25th June 2025 By: Martin Creamer

China sees pleasing Africa as a form of insurance against trade war impacts, Sydney University Associate Professor Dr Lauren Johnston spelt out at the London Indaba, the annual event organised by... 


China, India shift to higher-grade coal, cut Indonesian imports
China, India shift to higher-grade coal, cut Indonesian imports
25th June 2025 By: Reuters

Top thermal coal importers China and India are slashing Indonesian shipments of the power generating fuel in favour of energy-dense grades from elsewhere as a global fall in prices has made... 


India's coal stock at power plants hits record high ahead of monsoon, govt says
25th June 2025 By: Reuters

India’s coal stock at thermal power plants has reached a record high of 58.25-million tonnes, enough to meet 25 days of consumption, the government said on Tuesday, bolstering energy security ahead... 


BHP taps China's XCMG for mining fleet supply
25th June 2025 By: Creamer Media Reporter

Diversified miner BHP has announced a partnership with China's XCMG Mining Equipment for the delivery of mining fleet solutions across its global operations. Under an agreement framework signed... 


Vale Base Metals chairperson Mark Cutifani at the London Indaba.
Praise heaped on geological data transparency of Malawi, Nigeria at London Indaba
24th June 2025 By: Martin Creamer

There are only two countries in Africa that currently make their geological survey data open to the world. “Malawi is the first, and I believe Nigeria is the second,” Vale Base Metals chairperson... 


A gold nugget on dollar banknotes
Central banks eye gold, euro and yuan as dollar dominance wanes
24th June 2025 By: Reuters

The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and... 


Coal loophole undermines bank pledges to cut fossil fuel funding
Coal loophole undermines bank pledges to cut fossil fuel funding
24th June 2025 By: Bloomberg

In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very... 


Iron-ore prices flat as China demand counters Australia supply outlook
Iron-ore prices flat as China demand counters Australia supply outlook
24th June 2025 By: Reuters

Iron-ore futures prices flitted within a tight range on Tuesday, as traders weighed resilient near-term demand in China against the potential of improved supply from top producer Australia. The... 


Silver bars
Latest Heraeus appraisal confirms silver investment demand is surpassing that of gold
23rd June 2025 By: Marleny Arnoldi

Refinery services provider Heraeus finds in its latest precious metals review that the gold price is showing signs of relaxation at $3 356/oz, having fallen by about 1.6% in the week to June 20.... 


Richards Bay Minerals GM Growth Strategy Bradley Reddy.
Richards Bay Minerals’ three power pacts will supply 80% of the power it consumes
23rd June 2025 By: Martin Creamer

The three power purchase agreements (PPAs) that Richards Bay Minerals (RBM) has signed to date will provide the lion’s share of this energy-intensive Rio Tinto group company’s current energy needs.... 


A drone monitoring mine operations in West Africa
As gold prices surge, West Africa mine operators launch drones to detect wildcat miners
23rd June 2025 By: Reuters

As the afternoon sun beats down on Gold Fields' sprawling Tarkwa gold mine in southwestern Ghana, three men launch a drone into the clear sky, its cameras scanning the lush 210-square-kilometer... 


China sells coking coal to Indonesia in rare trade, sources say
20th June 2025 By: Reuters

China sent a rare shipment of at least three cargoes of coking coal to processors in Indonesia's Sulawesi in May, sources familiar with the matter said, encroaching on a market typically dominated... 


Shanghai Platinum Week in its fifth year.
China announces widespread hydrogen scale-up plan ahead of Shanghai Platinum Week
20th June 2025 By: Martin Creamer

An extensive pilot initiative aimed at scaling up hydrogen technology, infrastructure and applications across the length and breadth of China has been announced, shortly before next month’s... 


Xi’s giant iron-ore trader is shaking up a $130bn market
Xi’s giant iron-ore trader is shaking up a $130bn market
20th June 2025 By: Bloomberg

Just three years after its founding, a Chinese government-run trader has become the single biggest force in the country’s $130-billion market for iron-ore imports. The rise of China Mineral... 


Energy Minister Dr Kgosientsho Ramokgopa, Air Products GM marketing Arthi Govender and Air Products MD Charles Dos Santos at the Green Hydrogen Summit where Toyota, Valterra Platinum and Air Products showcased in partnership.
Focus on South Africa’s own green hydrogen market first, Air Products recommends
19th June 2025 By: Martin Creamer

South Africa should initially focus intently on its local green hydrogen market rather than the global market, and progress at its own pace, which has the potential to give it a global lead. Air... 


The Reko Diq project area
Capital awarded a borehole drilling services contract at Barrick's Reko Diq project
19th June 2025 By: Creamer Media Reporter

London-listed mining services company Capital has been awarded a further significant contract at Barrick Mining's majority-owned Reko Diq copper/gold project, in Pakistan, as well as exploration... 


Gold edges higher after Fed’s inflation warning triggers decline
Gold edges higher after Fed’s inflation warning triggers decline
19th June 2025 By: Bloomberg

Gold edged higher following a decline in the previous session triggered by Federal Reserve chairman Jerome Powell’s warning of inflation risks for the US economy. Bullion was trading around $3 380... 


Indonesia Morowali Industrial Park
Indonesia to sanction nickel park firms for environment breaches
18th June 2025 By: Bloomberg

Indonesia will sanction companies for environmental breaches at an industrial park that accounts for a large slice of its nickel output. Environmental violations have been found at Indonesia... 


European Commission President Ursula von der Leyen
China lashes out at G7, Von der Leyen for criticism of policies
18th June 2025 By: Bloomberg

China has attacked the Group of Seven nations for what it called interference in its internal affairs and chastised a top European official for criticising Beijing’s rare earth and economic... 


SRK Consulting Congo chairperson Dominique Sambwa.
Positive infrastructure advancement on way in DRC, SRK Consulting Congo reports
18th June 2025 By: Martin Creamer

Positive infrastructure advancement is on the way in the Democratic Republic of Congo (DRC), SRK Consulting Congo chairperson Dominique Sambwa has pointed out. Speaking to Mining Weekly during a... 


Lynas CEO Amanda Lacaze
Lynas adds terbium oxide to heavy rare earths portfolio
18th June 2025 By: Creamer Media Reporter

Australia's Lynas Rare Earths has announced a milestone in its heavy rare earths strategy with the first production of separated terbium oxide at its advanced materials plant in Malaysia. This... 


Canadian Prime Minister and G7 chairperson Mark Carney
G7 launches action plan to secure critical minerals supply chains
18th June 2025 By: Mariaan Webb

The leaders of the Group of Seven (G7) countries have unveiled a new critical minerals action plan aimed at securing the supply of materials for clean energy, digital technologies and industrial... 


gold bars
Central bank gold reserves surge amid global uncertainty, survey reveals
17th June 2025 By: Darren Parker

Central banks have accumulated more than 1 000 t of gold in each of the last three years, up significantly from the 400 t to 500 t average over the preceding decade, according to the World Gold... 


Members of Palabora Mining and Mzansi renewable energy and grid-forming consortium.
South African copper mining company signs 12-year green energy supply agreement
17th June 2025 By: Martin Creamer

In a major boost for sustainable mining and South Africa’s clean energy ambitions, Mzansi Energy Consortium has signed a 12-year power purchase agreement with Palabora Mining Company (PMC) in... 


Citi calls time on gold’s rally due to slumping demand, Fed cuts
Citi calls time on gold’s rally due to slumping demand, Fed cuts
17th June 2025 By: Bloomberg

Gold is expected to sink back below $3 000 an ounce in the coming quarters as a record-setting rally runs out of steam, according to Citigroup Inc., calling time on one of the standout rallies in... 


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