Alaska sues EPA over Pebble copper and gold mine prohibitions

Alaska sued the US Environmental Protection Agency on Thursday seeking to overturn an agency decision that it said effectively blocked development of one of the world’s largest copper and gold... 

Chile's copper output up 9.8% in February, Codelco production dips - Cochilco

Copper production in Chile rose 9.8% on an annual basis to 417 000 t in February even as state-run Codelco's output dipped, the country's copper commission Cochilco said on Thursday. Despite the... 

CEO of commodity trader Trafigura starts handover to successor

Jeremy Weir, longtime chief executive at commodities trader Trafigura, is priming successor Richard Holtum to take over when he decides to step back into a chairman role, five sources familiar... 

Multilateral development banks still need work on implementing reforms, group says

The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other... 

Santos shareholders re-elect Keith Spence as chair

Australia's Santos re-elected Keith Spence as its chair after a majority of shareholders voted in his favour despite unrest over the oil company's inadequate response to climate woes, results of... 

Global coal power grew 2% last year, the most since 2016, GEM survey says

The world's coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in China and decommissioning delays elsewhere, according to research published... 

Nigeria recalls J&J children's cough syrup over toxic substance

Nigeria's health regulator is recalling a batch of Johnson & Johnson children's cough syrup after finding an unacceptably high level of a potentially fatal toxic substance, it said on Wednesday.... 

Origin Energy appoints CFO

Australia's Origin Energy said on Thursday it had appointed company executive Tony Lucas as its new CFO. Lucas is currently the executive general manager of the power retailer's future energy and... 

Australia joins global subsidy race with 'Future Made in Australia' plan

Australia will launch subsidies and incentives modelled on similar efforts in the United States and Europe to help the giant commodity exporter bolster domestic manufacturing and promote industries... 

Eramet faces mine stoppage in latest New Caledonia snag

French mining group Eramet faces a stoppage from Thursday at some of the mines operated by its troubled New Caledonian nickel subsidiary SLN in a dispute with local authorities over financial... 

Protesters blockade Peru's Las Bambas mine after talks fall through

Peru's Las Bambas copper mine, owned by China's MMG, is facing renewed blockades of a key transport route after failed talks over donations to local development projects, a community leader said on... 

Nickel Industries attracts strong interest for its Indonesian supply

More than 25 global auto and battery makers have expressed interest in buying nickel from Australia-listed producer Nickel Industries' new Indonesian plant, CEO Justin Werner said on Tuesday, in... 

March marks yet another record in global heat

The world just experienced its warmest March on record, capping a 10-month streak in which every month set a new temperature record, the European Union's climate change monitoring service said on... 

'Data driven' players help prolong record profits in commodity trading, says McKinsey

The growing number of "data-driven" players such as hedge funds in the world of commodity trading has helped sustain record levels of profit, even as the volatility that supercharged earnings in... 

EU sees hope for US minerals deal from new forced labour law

New European Union rules that will ban products made using forced labour have raised the prospect of concluding a deal on critical minerals with the United States, EU trade chief Valdis Dombrovskis... 

Forrest urges China to demand greener nickel, FT reports

Australian mining magnate Andrew Forrest has called on China to demand higher environmental standards from its global supply chain, particularly its companies conducting nickel processing in... 

Gold bulls eye more record highs despite lightning gains

An upgraded gold price forecast for 2024 from Nicky Shiels, head of metals strategy at Swiss gold refinery MKS PAMP, drew an unexpected follow-up question this week from market participants. The... 

Zambia's copper output may rise to one-million tons by 2026 as mines expand

Zambia's copper output could rise to about one-million tons by 2026, boosted by investment in expanding production at mines including those owned by First Quantum Minerals, Finance Minister... 

Top Trafigura executives retire as new generation steps up

Two senior executives at global commodity trader Trafigura will retire this year, the company said on Friday, clearing the way for a new generation of management in the latest reshuffle at the... 

Proxy advisor CGI Glass Lewis recommends Woodside Energy chairman's ouster

Proxy advisor CGI Glass Lewis has asked shareholders of Australia's Woodside Energy to vote against the re-election of chairman Richard Goyder and against the company's climate strategy at the... 

Sigma Lithium CEO won't sell the company at current lithium prices

Sigma Lithium's chief executive won't sell the miner at current lithium price levels and is concentrating on its near-term expansion plans, she told Reuters in an interview. The Vancouver-based... 

As Rio Tinto strives for 'impeccable ESG', investors raise water issues

Rio Tinto faced demands from shareholders at its annual meeting on Thursday to come clean on environmental issues, including water and biodiversity, as the company said it was committed to... 

Consumer spending growth in South Africa steadied in 2023, report shows

Consumer spending growth in South Africa steadied in 2023 after the previous year's post-pandemic surge, but expected interest rate cuts will encourage more purchases in 2024, executives from Visa... 

Senegal's new president announces oil, gas and mining sector audit

Senegal will conduct an audit of the oil, gas and mining sectors, newly elected President Bassirou Diomaye Faye told the nation in a televised speech on Wednesday, while also reassuring investors... 

African development banks expected to fund Caledonia's new Zimbabwe mine, CEO says

African development banks are seen as the most likely funders of Caledonia Mining Corporation's planned $250-million gold mine in Zimbabwe, the mining company's CEO Mark Learmonth said on... 

Uganda to launch first domestic tin processing plant next month

Uganda will commission its first tin refining plant in the southwestern region next month, a senior mining ministry official said, as part of efforts to expand capacity and add value domestically... 

Peru's Congress backs new cabinet after government announces new funding for mining

LIMA - Lawmakers in Peru voted to support the government's new slate of ministers on Wednesday, just hours after the prime minister promised billions of dollars in new spending, including for... 

China’s coal price slump likely to persist until start of summer

Chinese coal prices are likely to keep falling until the start of the peak summer season, suppressing imports of the fossil fuel and taking a toll on the country’s miners. The country’s benchmark... 

South African policymakers discussing lower inflation target – Kganyago

South African policymakers are in discussions on lowering the central bank's inflation target, its governor said on Wednesday, adding that a lower target would make the country more competitive and... 

Vale divestment in Indonesian nickel unit expected to finish in July

Indonesia's mining minister on Tuesday said divestment of Vale Canada and Sumitomo Metal Mining's shares in their nickel miner unit Vale Indonesia is expected to conclude in July. The transaction... 

Australia regulator extends approval deadline for SQM-Hancock's $1.bn bid for Azure

Australia's Azure Minerals said on Wednesday the country's Foreign Investment Review Board (FIRB) extended a deadline for approving SQM and Hancock Prospecting's A$1.7-billion offer for the lithium... 

China could drive Africa's renewable energy revolution, report says

China has a unique opportunity to drive forward an energy revolution in Africa, but it must first reverse nearly two decades of neglect of green power investments there, research from Boston... 

Russia confirms deal to buy part of diamond producer Alrosa's output

Russia will regularly buy diamonds from sanctions-hit producer Alrosa ALRS.MM through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia's... 

Nornickel says financial stability is priority, not dividends

Russian metals producer Nornickel, said on Friday that the financial stability of the company was more important then dividends but shareholders had the final say on the matter. Dividends are a... 

Vale Indonesia targets 2024 output of about 70 800 metric tons nickel in matte

ickel miner PT Vale Indonesia is aiming for output this year of about 70 800 metric tons of nickel in matte, an official said on Monday, a similar volume to the 70 728 metric tons produced in... 

Canada's mild winter disrupts key ice road to remote Arctic diamond mines

An unusually warm winter in Canada this year has delayed the opening of a 400-kilometer ice road that is rebuilt every year as the main conduit for Rio Tinto, Burgundy Mines, and De Beers to... 

Nigeria to grant mining licences only to companies that process locally

Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed on... 

Freeport warns copper export ban could cost Indonesia $2bn in lost revenue

Copper miner Freeport Indonesia has warned the Indonesian government that banning exports of copper concentrate in June could lead to a loss of $2-billion in revenues for Jakarta, a company... 

South Africa sees smaller FDI inflows in fourth quarter – Reserve Bank

South Africa recorded smaller foreign direct investment (FDI) inflows of R16.2-billion in the fourth quarter of 2023, from R26-billion in the third quarter, central bank data showed on Thursday.... 

China smelters plan output cuts, no Q2 copper guidance price, sources say

China's top copper smelters have proposed a production cut of 5% to 10% and decided not to issue guidance prices for copper processing charges for the second quarter, two sources with knowledge of...