Gabriel Resources loses damage claim against Romania for failed gold mine project

The Romanian government said on Friday it won an arbitrage trial filed by Canada's Gabriel Resources, which wanted compensation after its plan to build Europe's largest open cast gold mine in the... 

Gold surge could dull Indian wedding season demand; China outlook robust

A surge in global gold prices to record highs could dampen consumption during the wedding season in India, but top buyer China will see robust safe-haven demand this year, analysts and traders... 

US Treasury's No. 2 to visit South Africa next week

US Deputy Treasury Secretary Wally Adeyemo will visit South Africa next week, a Treasury spokesperson told Reuters, where he will seek to advance the economic relationship between the two countries... 

Gordhan to retire after elections

Minister of Public Enterprises, Pravin Gordhan, will retire after this year's general elections on May 29, he told Reuters on Friday. Gordhan oversees State entities including struggling power... 

Panama asks First Quantum to suspend visitor program at disputed copper mine

anama said on Wednesday it had asked First Quantum Minerals to suspend a visitor program launched last month at the disputed Cobre Panama mine, saying the miner did not consult the government... 

Australian explorer Ramelius confirms talks to acquire Karora Resources

Australian gold miner Ramelius Resources on Friday confirmed it is in discussions with Karora Resources for a potential acquisition of the Canada-based mine operator. Shares of Ramelius were up... 

South Africa's current account deficit widens sharply in fourth quarter

South Africa's current account deficit widened sharply in the fourth quarter of 2023 to 2.3% of gross domestic product (GDP) from a revised 0.5% of GDP in the third quarter, central bank data... 

First Quantum's Panama mine closure to cost around $800m, Minister says

The cost of the closure of Canadian miner First Quantum's copper mine in Panama is estimated at around $800-million, Trade and Industry Minister Jorge Rivera said on Wednesday. An inter-ministry... 

Ethiopian Airlines places order for eight Boeing 777X jets

Ethiopian Airlines has agreed to purchase eight Boeing 777-9 widebody jets, with potential for up to 12 additional aircraft orders, the companies said in a statement on Tuesday. Major airlines are... 

SRG Mining scraps C$16.9m deal with China's C-ONE as Canada tightens scrutiny

Graphite miner SRG Mining on Tuesday called off a C$16.9-million investment deal with China's Carbon ONE New Energy Group (C-ONE) following heightened scrutiny from the Canadian government. Shares... 

Future of First Quantum mine is for the people of Panama to decide, US official says

A dispute between First Quantum Minerals and Panama over the Canadian company's flagship copper mine in the Central American nation is an issue for the people of Panama to decide, a top US official... 

China sets tougher energy efficiency goal after falling behind on 2025 targets

China on Tuesday set more stringent energy intensity targets for 2024 after missing last year's goal, as the world's biggest energy consumer tries to keep from falling further behind on its climate... 

Uranium producer enCore sees first shipment from Rosita plant next week

Uranium producer enCore Energy said on Tuesday it expects to deliver the first shipment of uranium from its restarted Rosita Central Processing Plant next week. enCore is one of the many mining... 

Ganfeng Lithium plans to buy stake in Proyecto Pastos Grandes

Ganfeng Lithium said on Tuesday it plans to buy a stake of at least 14.8% in a subsidiary of Lithium Americas Argentina, as China's leading lithium producer ramps up its efforts to secure... 

Indonesia aims to finish mining output quotas approval by end-March, official says

Indonesia's has approved the mining production quota requests from more than 120 mineral companies and aims to complete the approval process this month, a senior official at the Energy and Mineral... 

Business activity picks up in February, PMI survey shows

South African private sector activity expanded in February for the first time in six months as staffing and purchasing levels increased amid stronger confidence, a survey showed on Tuesday. The S&P... 

Africa to be $2.5tr short of climate finance by 2030, UN says

Africa will be $2.5-trillion short of the finance it needs to cope with climate change by 2030, a UN official said on Monday, adding that the continent has contributed the least to greenhouse gas... 

Canada and Australia boost collaboration on critical minerals

Canada and Australia have agreed to promote shared priorities related to the extraction, processing, and refining of critical minerals, they said in a joint statement on Monday. The announcement... 

Frontier Lithium surges on JV with Mitsubishi for Canadian operations

Frontier Lithium has formed a joint venture with Japanese trading house Mitsubishi to help advance lithium mining and processing in Ontario, sending the Canadian miner's shares up 15% on Monday.... 

BHP inks tentative sales deals for Canadian potash

BHP has signed non-binding sales agreements for all potash production from both phases of the Canadian mine it is building in Jansen, Saskatchewan, and will look to convert those into firm offtakes... 

Chile wants 3 or 4 new lithium projects running in 2026, Finance Minister says

Chile wants to have three or four new lithium projects operational by 2026, the country's Minister of Finance Mario Marcel said on Saturday. The South American country - the world's largest copper... 

Rio Tinto CEO bullish on lithium but not eyeing big acquisitions

Demand for key-battery mineral lithium will continue to grow, underpinned by strong adoption of electric vehicles but the price of the metal is expected to be volatile, Rio Tinto CEO Jakob... 

In blow to Native Americans, US court approves land swap for Rio's Arizona copper mine

A US appeals court on Friday narrowly ruled that the federal government may give away thousands of acres in Arizona to Rio Tinto for a copper mine, upholding a previous ruling and rejecting an... 

New US sanctions more likely to curb Indian imports of Russian coal, traders say

New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of... 

Top Codelco execs see debt growing as production recovers

Top executives of Chile's State-run Codelco, the largest copper producer in the world, expect the company's debt to continue increasing as it adjusts cost estimates to revamp key mines. In a... 

Debswana's diamond sales down 25.1% in 2023 on weak demand

Debswana Diamond Company's sales of rough diamonds fell 25.1% in 2023, data released by Botswana's central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the... 

Canada to expedite approval of new nuclear projects

Canada will expedite the approval process for new nuclear projects, but will not exclude them from the federal environmental review as requested by the province of Ontario, Energy and Natural... 

Polyus posts 2023 profit jump on higher output, gold prices

Russian gold producer Polyus's net profit rose 12% to $1.7-billion last year thanks to increased production and sales, it said on Thursday, but it expects lower gold output in 2024 and warned that... 

Indonesia, South Africa aim to regain lost share in Indian coal market

Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second... 

Tens of thousands flee in new wave of brutal Mozambique attacks

Tens of thousands of Mozambicans are fleeing their homes in the restive Cabo Delgado province amid a surge in deadly insurgent attacks since January. The attacks, despite a massive security... 

India, South Africa block major investment deal at WTO talks

India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization (WTO) meeting in Abu Dhabi, blocking its adoption in a move that observers say... 

Chile to define lithium contracts by June, Mining Minister says

Chile’s government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model, Mining Minister Aurora Williams told reporters on... 

BHP to restructure some global corporate roles as it looks to trim costs

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 

Africa's debt to stay above pre-pandemic levels through 2025, UN official says

Africa's public debt will stay above pre-pandemic levels in 2024 and 2025, with many countries still at risk of falling into debt distress as they continue to struggle to service international... 

Tighter Indonesian nickel ore supply boosts prices, curbs smelter output

Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production,... 

Russia diamond producer Alrosa's annual net profit drops 15.2%

Russia's sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18-billion roubles ($925-million), down 15.2% from the previous year. Turnover was up 9.2% at... 

Russia's new silver mine to start selling concentrate in Q3

Russia's new silver mine Prognoz, one of two major projects coming online around the world this year, will start selling silver concentrate in the third quarter of 2024, its owner told Reuters on... 

South African fashion retailers boost local production amid port delays

South African fashion retailers are ramping up local production and using alternative sea ports and air freight to mitigate the impact of congestion at traditional ports that has caused massive... 

Australia considers tax credit for minerals processing, says industry group

The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining... 

Brazil, France partner to tackle illegal mining in French Guiana

Brazil and France are set to sign an international cooperation agreement that would allow police from both countries to launch joint operations aimed at tackling illegal mining in French Guiana,...