Copper output from Chile's Codelco down nearly 5% this year, but recovery expected

Chile's State-owned miner Codelco reported 918 000 metric tons of its own copper output from January through September, down 4.9% from the first nine months of last year, a filing to the country's... 

Canadian Natural Resources posts Q3 profit drop on lower crude prices

Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices. Global oil prices dropped... 

UBS expects copper price to average $10 500/t in 2025

UBS said on Thursday that increasingly tighter supplies of copper in the coming six to 12 months could lead to a deficit of more than 200 000 t in 2025, as demand grows for the metal key to energy... 

South Africa seeks billions in climate funds as it keeps coal plants open

South Africa pledged to slash emissions across its fleet of coal-fired power plants in a bid to secure $2.6-billion in climate finance. That’s despite seeking to alter the terms of a 2022 agreement... 

BHP leaves room for new copper offer to Anglo American

BHP said that comments made by its chairman at Wednesday's annual general meeting did not mean the company rules out a renewed offer for Anglo American, months after its failed bid in May.... 

Australia must brace for longer fire seasons and marine heatwaves ahead, report says

Australia must brace for longer and more dangerous fire seasons and marine heatwaves in the years ahead, while swift changes in weather patterns might result in more hot days and fewer cool days, a... 

Astral Foods eyes annual profit after bird flu-triggered loss

South Africa's top poultry producer Astral Foods said on Wednesday it expects to post an annual profit this year, as it recovers from the previous year's rare loss caused by power cuts and the... 

Saudi Arabia in advanced talks over Zambia copper mine stake, Ma'aden CEO says

Saudi Arabia is in the advanced stages of talks about a stake in a copper mine in Zambia and is expecting a deal by the end of the year, the CEO of Saudi Arabia’s flagship mining company Ma’aden... 

Simandou to mine first cargo by end 2025

China's biggest listed steelmaker, Baoshan Iron & Steel, expects the Simandou iron ore project in Guinea to complete infrastructure construction and mine its first cargo by the end of 2025, the... 

Lynas Rare Earths first-quarter revenue falls nearly 6%

Australia's Lynas Rare Earths reported a nearly 6% decline in first-quarter revenue on Wednesday due to falling prices for strategic minerals and muted demand. Rare earth prices sustained at low... 

Debswana diamond sales fall over 50% in first nine months of 2024

Sales of rough diamonds at the Debswana Diamond Company fell about 52% in the first nine months of 2024, data released by Botswana's central bank on Tuesday showed, as the downturn in the global... 

Alcoa 'very bullish' on aluminium for energy transition

Alcoa is "very bullish" on aluminium as the energy transition drives demand growth, including substitution away from copper, CEO William Oplinger said on Wednesday. "As we look forward, demand... 

BHP has moved on from Anglo American, company chairperson says

BHP has moved on to focus on other growth opportunities after its failed bid for Anglo American earlier this year, the company's chairman said on Wednesday, weeks before a block on making another... 

Engie and Morocco's OCP renewables deal worth billions, says source

Morocco's phosphates and fertilizer giant OCP and French energy firm Engie signed a preliminary agreement on Monday for projects that could generate investments in Morocco worth up to €17-billion... 

Ruling party to stay in power in Canada's Saskatchewan

Premier Scott Moe's right-of-center Saskatchewan Party is extending its hold on power in the western Canadian province after winning a small majority in Monday's election, preliminary results... 

Left-leaning New Democratic Party to form British Columbia government after tight election win

 Incumbent Premier David Eby's New Democratic Party (NDP) is set to form the next government of British Columbia after edging ahead in a final tally of ballots on Monday, more than a week after the... 

Vale partners with China's Jinnan steel to build iron ore processing plant in Oman

Brazilian miner Vale, one of the world's largest iron ore producers, said on Monday it had partnered with China's Jinnan Steel Group to build an iron ore beneficiation plant in Oman to produce high... 

Australian rare earths developer ASM eyes US defence funding

Rare earths developer Australian Strategic Materials (ASM) sees more funds becoming available for rare earths projects from the United States Department of Defence even if there is a change in... 

US Energy Dept finalises $2.26bn loan for Lithium Americas' Nevada mine

The US Department of Energy finalised a $2.26-billion loan for Lithium Americas on Monday to build Nevada's Thacker Pass lithium mine, one of Washington's largest mining industry investments and... 

Australia risks losing top spot in global steel supply chain, Fortescue says

Australia risks losing its dominant position in the global iron-ore market if it does not move swiftly to produce green iron, and would do well to learn lessons from the near wipe-out of its nickel... 

Nornickel raises 2024 production guidance

Russia's Nornickel, the world's largest producer of palladium and a major producer of refined nickel, has raised its 2024 production guidance for all metals. The company said on Monday that its... 

Brazil seals $30bn compensation deal with BHP, Vale over 2015 dam collapse

Brazil on Friday signed a 170-billion reais ($29.85-billion) compensation agreement with miners BHP, Vale and Samarco for the Mariana dam collapse in 2015, one of the country's worst environmental... 

Codelco suspends operations at copper refinery after worker's death

Chilean state miner Codelco suspended operations at its Ventanas copper refinery after a worker died on the job, the company said on Friday. The 32-year-old employee of Codelco contractor CVC was... 

Thungela CEO sees world shunning new coal as boon for existing mines

New coal investment may be drying up as the world seeks greener energy, but for miners like South Africa's Thungela Resources that could be a boon if Asia's ravenous appetite keeps prices bouyant,... 

Spurred by shared grievances, Brics gathers pace

As US election jitters hung over this week's meeting of global finance chiefs in Washington, a smiling Vladimir Putin was in the Russian city of Kazan welcoming leaders of countries which together... 

Goldman Sachs raises 2025 aluminum, copper price outlook

Goldman Sachs on Thursday raised its 2025 aluminum and copper price forecasts citing higher demand potential in top consumer China following stimulus measures. The investment bank hiked its 2025... 

South African reforms could push rand higher, central bank chief says

South Africa's rand has further room to strengthen if the government in Pretoria pushes ahead with reforms and prudent policies, the country's central bank chief Lesetja Kganyago told Reuters. The... 

Biden administration approves ioneer's Nevada lithium mine

The US Interior Department on Thursday gave final approval to ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the battery metal to be permitted by President Joe Biden's... 

Whitehaven Coal jumps on price outlook, output beat

Australia's Whitehaven Coal said on Friday that it was optimistic about further gains in metallurgical coal prices due to supply constraints and reported quarterly production ahead of market... 

Can Anglo's copper pivot help thwart renewed takeover bid?

The speed at which Anglo American shifts to becoming a copper-focused miner may well dictate its ultimate fate - survival as an independent operator, or absorption by a bigger rival such as BHP... 

Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices

Brazilian miner Vale, one of the world's largest iron-ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier, hit by lower prices of the steel-making ingredient... 

Mali accuses Barrick Gold of breaching agreement, miner denies claims

Mali has accused Barrick Gold of failing to abide by commitments made in a recent agreement, charges the Canadian miner denied on Thursday, saying it did not accept any claims of wrongdoing.... 

Fortescue record Q1 iron-ore shipments marred by cost pressures

Fortescue, the world's fourth-largest iron-ore miner, on Thursday posted a 4% rise in its first-quarter iron-ore shipments but flagged rising costs at its mines while realised prices had fallen,... 

US Treasury allows miners to access clean energy manufacturing subsidy

The US Treasury Department said on Thursday it would allow some mining companies to access a tax credit aimed at boosting American production of solar panels, lithium-ion batteries and other clean... 

Argentina's lithium hunters scale back as EV shift slows

The Argentine salt flats in South America's "lithium triangle" have been one of the busiest sites for ventures racing to extract the battery metal needed to power the global shift to electric... 

BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case

BHP said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-fetched and unjustified", as the miner opened its defence to a... 

First Quantum in talks with potential partners for Zambian assets

First Quantum Minerals is in talks with potential partners for its Zambian assets, the Canadian miner said on Wednesday, without disclosing names of the firms. Last week, Reuters reported that... 

Grupo Mexico works to kick out illegal miners at Los Chancas project in Peru

Mining and transport conglomerate Grupo Mexico is working with authorities to wipe illegal mining at its Los Chancas project in Peru, the mining division's finance chief told analysts in a call on... 

Mineral Resources’ Ellison faces probe from Australian watchdog

Australia’s corporate watchdog is investigating Mineral Resources and its tycoon founder, Chris Ellison, after he made undeclared payments that avoided tax. “The Australian Securities and... 

Teck Resources Q3 profit beats estimates on higher copper production

Canadian miner Teck Resources beat third-quarter profit estimates on Thursday, helped by higher production of copper at its Quebrada Blanca (QB) mine. The company reported an adjusted profit of...