Canada tells rail companies, union to work harder to avert crippling stoppage

Canada's labor minister will meet with the country's two main railway companies and the Teamsters union in Montreal on Tuesday and Calgary on Wednesday to try to avert a crippling rail transport... 

Sasol profit plunges 66% on weak chemical prices, skips final dividend

South African petrochemicals company Sasol reported a 66% fall in full-year profit on Tuesday, mainly due to weaker chemical prices, and skipped a final dividend. Headline earnings, which strip out... 

Strike at Lundin's Caserones copper mine showing no signs of resolution after a week, union says

A strike by a workers' union at Lundin Mining's Caserones copper mine in Chile that has dragged on for more than a week is not showing any signs of resolution, the union's president said on... 

Initial bids for Anglo's Australian coal mines next month, sources say

First-round bids for Anglo American's Australian metallurgical coal mines are due by September 9, two sources said on Tuesday, as CEO Duncan Wanblad takes initial steps to simplify the company... 

Not-so-rare earths: Ample supply weighs on prices of key minerals group

Weak demand for rare earths combined with ample supplies are weighing on prices of the group of 17 minerals used in technologies from lasers to EVs, with little near-term catalyst in sight,... 

Physical buyers win battle for copper market as funds retreat

Investors fleeing the copper market are likely to be sidelined for many months, leaving the field clear for physical players who expect demand in top consumer China and elsewhere to deteriorate... 

Finland's Metso says it has no plans for a Sandvik tie-up

Finnish mining equipment maker Metso said on Monday it has no ongoing plans for a tie-up with the rival mining equipment business unit of Sweden's Sandvik. Swedish business daily Dagens Industri... 

Canada-wide freight rail stoppage looms this week as two firms issue lockout notices

Canada's freight rail network could come to a grinding halt this week, inflicting a huge economic toll after the country's two largest railroad operators on Sunday issued lockout notices to the... 

Union at BHP's Escondida copper mine in Chile signs new deal, ending risk of strike

The union at Chile's Escondida copper mine, the world's largest, signed a deal on Sunday with BHP, ending a strike that could have threatened global supplies of the red metal. The three-year deal... 

Woodside gets environmental go-ahead for Scarborough project; key green group backs down

Woodside's $12.5-billion Scarborough gas project in Western Australia has all primary environmental approvals in place, the firm said on Monday, after a green group agreed to dismiss its challenge... 

BHP says strike ends at huge Escondida copper mine

 A three-day strike at BHP's massive Escondida copper mine in Chile was halted on Friday after management and a large union reached a deal, the miner said, easing concerns about a hit to global... 

Whitehaven Coal to cut 192 jobs at mines purchased from BHP

Australia's Whitehaven will cut 192 jobs at the Daunia and Blackwater coking coal mines it took over from global miner BHP Group, its spokesperson told Reuters on Friday, adding to a slew of roles... 

Mpox in Africa prompts $500-million funding from Gavi for vaccines

The global vaccine group Gavi has up to $500-million to spend on getting shots to countries affected by an escalating mpox outbreak in Africa, its chief executive Sania Nishtar told Reuters.  Gavi... 

Proposal to ban openpit mining advances in Mexican Congress

 A committee in Mexico's lower house of Congress approved two constitutional reforms that would prohibit open-pit mining and fracking, as well as restrict the use of genetically modified corn. The... 

Top potash producer Nutrien fears sales hit from potential Canada rail stoppage

Nutrien, the world's largest potash producer, said on Thursday it was concerned that the impending Canada rail stoppage would hurt its ability to ship products. Canada's two main rail companies... 

Congo's South Kivu governor lifts mining suspension in province

Democratic Republic of Congo has lifted a suspension of mining activities in the South Kivu province, with the exception of gold extraction, the region's governor said in a statement on Thursday.... 

China to limit antimony exports in latest critical mineral curbs

China will impose export limits on antimony and related elements in the name of national security, its commerce ministry said on Thursday, Beijing's latest move to restrict shipments of critical... 

Türkiye's Tosyali to establish integrated iron and steel plant in Angola

Turkish steelmaker Tosyali Holding said on Thursday that it will form a partnership with Angola's state oil company Sonangol to establish an integrated iron and steel plant. Tosyali's subsidiary in... 

China's thermal power generation falls for third month in July despite record heat

 China's thermal power generation in July fell from a year earlier for a third month even though the country recorded its hottest month in recent history, sending power use rising, statistics... 

Industry and shippers brace for Canada rail stoppage, fear 'catastrophe'

North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of... 

Striking BHP miners reject new talks as Escondida standoff hardens

A striking union at BHP's huge Escondida copper mine in Chile has rejected a company request to pause its action and come back to the negotiation table, with workers digging in as they seek a... 

Indian miner Vedanta boosts stake sale in Hindustan Zinc to top $950m

Indian miner Vedanta will sell a 3.3% stake worth more than $950-million in unit Hindustan Zinc, it said on Wednesday, bigger than the 2.6% stake it initially planned to hive off. Vedanta said it... 

Saudi firm plans hydrogen-powered skyscraper in Egypt's new capital

A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt's new capital on a $1-billion, 50-storey office tower that aims to be the first of its kind to be powered... 

Uranium Energy restarts uranium production at Wyoming

Uranium Energy said on Tuesday it has restarted uranium production at its Christensen Ranch operations in Wyoming, with shipments expected in November or December. Uranium is the most widely used... 

Germany, Italy import legally dubious Brazilian gold, study shows

All Brazilian gold imports by Germany and 71% by Italy come from areas of the Amazon where illegal mining is rampant, a think thank said on Tuesday, calling for increased European scrutiny. All 1.3... 

BHP removes striking workers at huge Chile copper mine, output at risk

Mining giant BHP said on Tuesday it had started removing workers on strike at its Escondida copper mine in Chile, deepening tensions at the site after a powerful union rejected the company's latest... 

Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer

Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond... 

India to offer incentives for critical minerals extraction, govt source says

India plans to provide funding for research institutes to give technical assistance to miners, according to a government source and a letter reviewed by Reuters, to try to develop a critical... 

Iron-ore takes fresh hit as concerns over global glut exact toll

Iron-ore slumped — following its fourth weekly loss in five — on concerns that a slowdown in steelmaking at Chinese mills, combined with record shipments from Australia and Brazil, would lead to a... 

Barrick open to being partner in Cobre Panama mine, CEO says

Barrick Gold stands ready to be a partner in the Cobre Panama copper mine once the Panamanian government decides on the disputed asset's future, Mark Bristow, CEO of the Canadian gold and copper... 

Union at BHP's Escondida mine says company made 'illegal' offer amid negotiations

The union representing workers at BHP's Escondida mine in Chile told its members on Monday that it would accuse the company of "anti-union practices" for making a contract offer outside of a... 

Barrick Gold reports Q2 profit beat on higher output, prices

Canada's Barrick Gold edged past Wall Street estimates for second-quarter profit on Monday, as the company benefited from higher prices and robust production. Barrick's US-listed shares were up... 

Ethiopian Airlines signs deal for design of 'biggest airport in Africa'

Ethiopia has signed an agreement for the design of a new four-runway airport that will be Africa's biggest when construction is completed in 2029, the head of state-owned Ethiopian Airlines said on... 

South Africa battles to fund vital grid upgrade for green energy

South Africa's plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding investors to lend the necessary $21-billion to a near-bankrupt... 

BHP, Rio Tinto, Qantas to invest $53m in Australian carbon credit fund

BHP, Rio Tinto and Qantas will invest a total of A$80-million as early-stage investors in an Australian carbon credits fund that aims to invest in land reforestation projects, according to... 

Chinese mining firm files judicial review against Ottawa

Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, has sought a judicial review against Canada's decision regarding a Canadian company's sale of a gold mine in... 

Shell to invest in phase 2 of Surat gas project in Australia

Shell plans to invest in the second phase of development at joint venture Arrow Energy's Surat gas project in Queensland, Australia, the global energy giant said on Monday. The second phase of... 

Australian court stays govt decision to not renew ERA lease for Jabiluka uranium deposit

Australia's Federal Court has stayed a government decision to not renew Rio Tinto-owned Energy Resources of Australia's lease for a high-grade uranium deposit in the Northern Territory, the miner... 

China's July coal imports rise to seven-month high

China's coal imports rose to a seven-month high in July, General Administration of Customs data showed on Wednesday, as traders took contracted cargoes to coincide with China's peak power demand... 

Zambia's proposed mining law bad for investment, miners say

Zambia's proposed minerals regulation law could deter investment and deliver a "fatal blow" to plans to raise yearly copper output to three-million tons, two mining bodies said on Wednesday....