Serbia, EU and Germany sign battery supply chain deal

Belgrade and the European Union signed a deal on Friday to give the EU access to raw materials mined in Serbia and strengthen their ties on production of sustainable raw materials, battery... 

Boliden's Q2 earnings disappoint despite near fivefold rise

Swedish miner Boliden said on Friday its core earnings rose by nearly fivefold in the second quarter, helped by a one-off insurance claim, but missed market forecasts on weak zinc and copper... 

Chile hit by 7.4 magnitude earthquake near copper, lithium mines

A 7.4 magnitude earthquake has struck Chile, 45 km outside San Pedro de Atacama in the country’s northern copper and lithium mining region. The quake hit at 9:50 p.m. local time, according to the... 

Blank-check firm to buy Turkish mine in $290m bet on copper demand

Blank-check firm ACG Acquisition is buying a Turkish mine, which plans to start copper and zinc production in 2026, in a $290-million deal with a subsidiary of Turkish conglomerate Calik Holding,... 

Copper output from Chile's Codelco this year to top 2023, chairman says

Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year. "We have... 

Reserve Bank keeps main interest rate unchanged at 8.25%

South Africa's central bank kept its main interest rate unchanged at 8.25% in a decision announced on Thursday. Eighteen of 20 economists polled by Reuters predicted there would be no change in the... 

Nornickel in talks to build China nickel plant for battery sector, sources say

Russia's Nornickel is in talks with several Chinese battery companies to build a plant jointly producing nickel material from Russian semi-finished products, three sources with knowledge of the... 

US mine development timeline second-longest in world, S&P Global says

It takes an average of nearly 29 years to build a new mine in the US, the second-longest in the world behind only Zambia, hampering Washington's efforts to boost output of lithium, nickel and other... 

Golden rule: Why younger investors are drawn to gold

What asset class do millennials and Gen Z investors both want to own? Here is an answer you may not have guessed: Gold. Among wealthy investors under the age of 43, 45% own gold as a physical... 

Mexico has 'sufficient arguments' to win Ganfeng lithium dispute, says President-elect

exico President-elect Claudia Sheinbaum on Wednesday expressed confidence in her incoming government's ability to come out on top in a legal battle against Chinese miner Ganfeng and pledged to... 

South African retail sales rise 0.8% year on year in May

South African retail sales rose 0.8% year on year in May after rising by a revised 0.7% in April, Statistics South Africa figures showed on Wednesday. Sales fell 0.7% month on month in May after... 

Salvage team to start pumping fuel from grounded vessel on South African coast

A salvage team hopes to take advantage of a respite in the stormy weather that has lashed Cape Town's coast to start pumping 500 tons of fuel off a ship that ran aground last week on South Africa's... 

China's Zijin Mining to take 9.9% stake in Canada's Montage Gold

Canadian miner Montage Gold on Tuesday said Chinese mining firm Zijin Mining Group would take a 9.9% strategic stake in the company through its brokered private placement. Zijin Mining will... 

EU's green hydrogen goals not realistic, auditors say

The EU's goals to produce and import green hydrogen fuel are unrealistic and unlikely to be met despite billions of euros in funding, the European Court of Auditors (ECA) said on Wednesday. The... 

At least five killed in gold mine collapse in northern Kenya

At least five people were killed and several others injured when an informal gold mine caved in and buried them alive in northern Kenya, a local official said. Authorities closed the Hillo... 

BHP posts second straight year of record iron-ore production, beats estimates

BHP Group on Wednesday reported record annual iron-ore production for a second consecutive year, helped by improved weather conditions and higher contribution from its South Flank operations in... 

UK's new coal mine sent 'adverse international signal', campaigners say

Britain's approval of its first new deep coal mine in decades was unlawful because ministers failed to consider the "adverse international signal" sent by the controversial decision, environmental... 

Argentina tripled lithium carbonate production capacity in last two years

Argentina tripled its lithium carbonate equivalent (LCE) production capacity in the last two years, driven by new projects that have boosted installed capacity to 136 500 t nationwide, the... 

Santacruz Silver Mining reports fatality at Tres Amigos mine in Bolivia

Santacruz Silver Mining said on Tuesday that an employee at the Tres Amigos mine in Bolivia died after a small group of illegal miners unlawfully entered the mine and used explosives. The... 

Vale sees iron-ore output at high-end of 2024 guidance after Q2 rise

Brazilian miner Vale expressed confidence on Tuesday that it would reach the high-end of its 2024 guidance for iron ore production after output increased in the second-quarter. The company, one of... 

Rio Tinto's iron-ore shipments miss estimates due to May train derailment

Global mining giant Rio Tinto reported second-quarter iron ore shipments below analyst estimates on Tuesday, reflecting impacts to production from a train derailment in mid-May. The world's... 

Europe needs way to price critical minerals independently of China, group says

Europe needs a system to set prices for critical minerals needed for the energy transition that is not dependent on China, which dominates much of the global sector, the head of an EU-funded group... 

Nations gather to negotiate deep sea mining code as opposition mounts

The United Nations' International Seabed Authority (ISA) will meet on Monday to consider new rules allowing firms to extract minerals from the ocean floor, despite mounting concerns about the... 

IMF slashes Botswana's 2024 growth forecast amid diamond market woes

The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement. The... 

Nornickel to restart furnace at key smelter in early August

ussian metals producer Nornickel will re-launch one of the two furnaces at its flagship Nadezhda Smelter in early August after major repairs that affected production plans, a company spokesman... 

BHP, Vale reach agreement over 2015 Brazil dam collapse proceeding in UK

Mining giants BHP and Vale reached a deal on Friday to split equally the cost of any damages related to proceedings in Britain over a 2015 dam collapse in Brazil that killed 19 people, while... 

Chilean lithium to be eligible for US tax break

Products made with Chilean-mined lithium - used for electric-vehicle batteries - will be eligible for US tax benefits, the Andean country's government said on Thursday. Chile, the world's largest... 

China's June coal imports rise as heat boosts electricity demand

China's coal imports in June rose 12% year-on-year, customs data showed on Friday, as heatwaves in the world's top consumer of the fuel supported demand. Shipments to China were 44.6-million... 

Kali Metals lists in Frankfurt

Kali Metals, which owns one of the largest exploration packages across Australia’s hard-rock lithium fields, has dual listed on the Open Market of the Frankfurt Stock Exchange. The Frankfurt... 

Serbian court rules govt decision to revoke lithium project permit unconstitutional

Mining group Rio Tinto welcomed a Serbian court ruling on Thursday that overturns a government decision in 2022 to revoke its initial planning permission to develop a lithium mine in the country.... 

Savannah sees potential to expand lithium mine project in Portugal

Drilling results at a site in northern Portugal, where London-listed Savannah Resources plans to build a lithium mine, show reserves are richer than previously thought, the company's technical... 

Uganda central bank starts buying locally-produced gold to support forex reserves

Uganda's central bank has begun buying locally-produced gold to bolster its depleted foreign reserves and tackle emerging challenges in international financial markets. The move could lower the... 

Global reserve managers upbeat on growth but worry about politics

An escalation in geopolitical conflicts is the biggest risk to the global economy, according to central bank reserve managers, who are generally positive about the world's economic outlook,... 

In lithium industry first, IBAT commercialises new extraction technology

In a milestone for the global clean-energy transition, International Battery Metals has become the first company to commercially produce lithium with a novel type of filtration technology, a step... 

Indonesia considers reopening bauxite exports, Bisnis.com reports

Indonesia plans to review its bauxite export ban policy following a request from lawmakers to reopen shipments of the raw material for aluminium, news site Bisnis.com reported, citing a mining... 

Global lithium sector eyes Argentina's salt flats on tech test run

In a dusty plain in northern Argentina's mountains, black tubes stretching two stories high fill a massive tank with salty brine sucked from deep below ground. The brine contains lithium, a... 

Candidates to be next CEO of Brazil miner Vale recommended

A consulting firm hired by Brazilian mining company Vale to help with its chief executive succession process has presented its board of directors with 15 potential candidates, local newspaper O... 

Chile to open call for preferential pricing on Albemarle lithium in one month

Chile will open calls in a month for lithium component producers to compete for preferential pricing on lithium produced by Albemarle, the head of Chile's CORFO economic development agency said on... 

Codelco seeks to buy Enami's stake in Quebrada Blanca mine

Chilean copper mining giant Codelco seeks to buy a 10% stake in Canada's Teck's Quebrada Blanca copper mine from State-owned Enami for about $500-million, local newspaper La Tercera reported on... 

Hedge fund Elliott challenges court verdict it lost against LME on nickel

US-based hedge fund Elliott Associates on Tuesday urged a London court to overturn a verdict supporting the London Metal Exchange's (LME) cancellation of nickel trades partly because the exchange...