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... 

Peruvian miner Buenaventura adds two board members from Chile's Antofagasta

Peru's Buenaventura, one of the country's largest miners of precious metals, on Wednesday said it added two executives from Chile's Antofagasta to its board of directors following a partnership... 

Chile needs to finalise more lithium plan details to spur investment, miners say

The Chilean government's new plan to usher in private investment at a number of the country's lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining... 

Canada introduces tougher security reviews of foreign investments

Canada has introduced tougher national security reviews of proposed foreign investments in sensitive sectors to enable it to quickly spot potentially problematic deals, the government said on... 

SARB keeps main interest rate unchanged, citing inflation risks

South Africa's central bank kept its key interest rate unchanged at 8.25% on Wednesday, saying that on balance risks to the inflation outlook were skewed to the upside. It was the fifth meeting in... 

Indonesian miner Amman asks for copper export ban delay

Indonesian copper miner PT Amman Mineral Internasional is in negotiations with the government to allow it to continue exporting copper concentrate beyond May 31, its chief executive said on... 

El Nino may see first South Africa white-corn imports since 2017

South Africa may import significant amounts of white corn, used to make a staple food, for the first time since 2017 as the El Nino weather pattern withers the crop, the chief economist for the... 

China coal industry group says output at accident-hit mining hubs back to normal

Coal mining output at accident-hit mining districts of Shaanxi and Inner Mongolia in China's north have returned to normal, a major coal industry group said on Wednesday. A recent spike in coal... 

Most rescue efforts suspended at Russian gold mine due to collapse risk -TASS

Most rescue efforts have been suspended at a gold mine in Russia's far east, where 13 miners were trapped by a rock fall on March 18, due to the risk of another collapse, state news agency TASS... 

Chile opens lithium salt flats for investment, saves two for state control

Chile's government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in... 

Brics development bank aims to make $5bn in loans in 2024

The New Development Bank (NDB), set up by the Brics group of emerging economies, aims to make about $5-billion in loans this year, its vice president, Zhou Qiangwu, said on Tuesday. "During the... 

Chile lithium miner SQM spars with China partner over Codelco deal

Chilean miner SQM's board chairman challenged what he called the questionable motives of a major shareholder, China's Tianqi Lithium Corp, the latest jab in an increasingly public spat over SQM's...