Chinese companies to invest up to $7bn in Congo mining infrastructure

Chinese construction companies will invest up to $7-billion in infrastructure projects as part of an agreement over their Sicomines copper and cobalt joint venture in the Democratic Republic of... 

Codelco names Braim Chiple as chief commercial officer

Chile's State-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Starting on March 15, Chiple, who comes from the... 

Bolivia launches new international tender for lithium extraction

Bolivia's government has launched a new international tender for companies to extract lithium from the country's salt flats, the energy minister said on Friday. The tender, from state-owned... 

Sigma Lithium's chief controls officer exits company in latest shake-up

Sigma Lithium's chief controls officer (CCO) Raphael Dias has left the company, he told Reuters on Friday, in the latest management shakeup at the Vancouver-based miner. Dias was announced as CCO... 

Brazil's mining chief says Lula never tried to weigh in on Vale succession

Brazilian President Luiz Inacio Lula da Silva has not sought to influence who will be chief executive of major mining company Vale, a senior official said on Friday, after recent reports suggesting... 

Chinese copper smelters propose output cuts on concentrate tightness -sources

China's top copper smelters on Friday have proposed cuttingtheir output, three sources familiar with the matter said on Friday, as tight supplies of copper concentrate ore for processing have cause... 

Codelco names Braim Chiple as chief commercial officer - company statement

Chile's state-run Codelco, the world's largest copper producer, named Braim Chiple as its new chief commercial officer, the company said on Friday. Chiple will take over from outgoing CCO Carlos... 

BHP to review court decision on $31.5bn Fundao dam claim

BHP Group said on Friday it would review a Brazilian Federal Court decision regarding a 155-billion reais ($31.53-billion) government claim over the 2015 collapse of Fundao dam owned by Samarco,... 

Brazil orders Vale, BHP and Samarco to pay $9.7bn in damages for dam disaster

A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6-billion reais ($9.67-billion) in damages for a 2015 tailings dam burst, according to a legal... 

Freeport-McMoRan's profit beats estimates on strong copper production

Copper miner Freeport-McMoRan beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by strong production and higher prices for the red metal, sending its shares up about 6% in... 

Red sea attacks push BHP to divert some shipping via African coast

Australian mining giant BHP Group said on Thursday that the Red Sea disruptions are forcing some of its freight service providers to take alternative routes, such as Africa's Cape of Good Hope,... 

Australian mining group pushes govt for tax credit as lithium, nickel prices slump

An Australian mining association has called for a new production tax credit during meetings with senior ministers called as nickel and lithium miners curtail projects and review new mines in... 

Death toll from Mali gold mine accident now over 70 - state radio

The death toll from last week's accident at an artisanal gold mine in southwest Mali has risen to more than 70, state radio said on Thursday. The deaths were caused after a shaft collapsed on... 

Fortescue's first-half shipments hover near record high; shares rise

Australia's Fortescue logged a near-record iron-ore shipments for the first half and kept full-year forecast unchanged on Thursday, as the mining giant ramps up production at its flagship Iron... 

Six dead, one survivor in Rio Tinto plane crash

Six people were killed after a small plane carrying global miner Rio Tinto's workers crashed near Fort Smith in Canada's remote Northwest Territories (NWT) on Tuesday, the NWT Coroner Service said... 

Pilbara Minerals moves to preserve cash after price slump

Shares of Pilbara Minerals climbed on Wednesday as the Australian lithium miner trimmed its annual capital expenditure forecast given a slump in prices that pulled down its second-quarter revenue... 

Tin shackled by surplus, but green industry demand poised to mop up supplies

The potential for a build-up of tin supplies this year is likely to put pressure on prices, but accelerating demand from the energy transition sector, including solar panels and electric vehicles,... 

Thailand aims for lithium output in two years, boosting EV ambitions

Thailand hopes to start producing lithium from a mine in its southwest in about two years, boosting its ambitions to become a regional electric vehicle (EV) production hub, according to government... 

New Caledonia's Prony Resources faces cash crunch on nickel slump

ew Caledonian nickel producer Prony Resources is facing an "alarming" situation amid a slump in metal prices as it waits for the possibility France will offer monetary support for the territory's... 

Australia's oldest listed investment firm says lithium stocks turning attractive

Australia's oldest listed investment firm is finding beaten-down lithium shares are starting to look like buys, with the sector's downturn reminiscent of the hasty selling in healthcare stocks... 

Codelco places $2bn in bonds as miner aims to boost copper output

Chile's Codelco, the world's largest copper producer, placed $2 billion in unsecured dollar-denominated debt maturing in 12 and 29 years on Tuesday, the miner said in a statement confirming an... 

Plane carrying Rio Tinto workers crashes in Canada's Northwest, some killed

A small plane carrying Rio Tinto workers crashed near Fort Smith in Canada's remote Northwest Territories on Tuesday during a flight to its Diavik diamond mine, killing some people on board. There... 

Fortescue faces rare delays for China iron-ore customs clearance - sources

At least two iron-ore cargoes from the world's No.4 supplier Fortescue Metals Group are facing unusual customs delays at north China's Caofeidian port due to inspections for solid waste, sources... 

First Quantum shareholder SailingStone told miner about 'missed opportunities'

SailingStone Capital Partners, a shareholder in First Quantum Minerals, said on Monday it had told the Canadian miner about historic "missed opportunities" in the management of its balance sheet... 

Supply risks fuel uranium's flight to more than 16-year peak

Uranium prices have hit their highest in more than 16 years on a buying frenzy triggered after the world's largest miner of the nuclear fuel highlighted production risks, but the price surge is... 

Lynas reports over 50% drop in Q2 revenue

Australia's Lynas Rare Earths on Monday reported a 51.7% drop in second-quarter revenue reflecting a plunge in underlying prices coupled while a planned shutdown of its Malaysian operations which... 

Moroccan miner Managem plans $300m – CEO

Moroccan mining company Managem plans to increase its capital by three-billion dirhams ($300-million) in the first half of this year to fund its gold, copper and cobalt expansion plans, CEO Imad... 

China, in comic strip, warns of 'overseas' threats to its rare earths

hina's chief intelligence agency posted on social media a comic strip featuring foreign-looking characters secretly extracting rare earths, in a story portraying the country's strategic metals... 

China, DRC talking $7bn in finance, Tshisekedi says

China and Democratic Republic of Congo are discussing $7-billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second... 

Europe, Africa crude market tightens on Red Sea disruptions, China demand

The Brent crude market structure and some physical markets in Europe and Africa are reflecting tighter supply resulting partly from concern about shipping delays due to vessels avoiding the Red... 

First Quantum Minerals exploring rights issue to ease debt - sources

Canadian miner First Quantum Minerals is exploring a rights issue as it seeks to strengthen its balance sheet, following the closure of a key mine in Panama last month that accounted for about 40%... 

Battery maker Northvolt looks at sourcing cobalt from Congo

Swedish battery maker Northvolt is looking to source cobalt, used to make chemicals for electric vehicle batteries, from the Democratic Republic of Congo (DRC), the company said on Friday. The... 

Transnet partially restores service on coal export line

South African freight rail operator Transnet said late Thursday it resumed partial service on the line connecting to the country's main coal export terminal, four days after two trains collided and... 

Mineral-rich Arctic region of Nunavut gains control over its resources

Canada on Thursday formally gave the giant Arctic territory of Nunavut control over its reserves of gold, diamonds, iron, cobalt and rare earth metals, a move that could boost exploration and... 

Codelco to invest $720m more in Chuquicamata copper mine

Chile's State-owned Codelco, the world's largest copper producer, submitted an environmental permit request on Thursday to modify its Chuquicamata Subterranea project at a cost of $720-million.... 

Whitehaven Coal posts strong Q2, mulls Blackwater mine stake sale

Australia's Whitehaven Coal reported a near 4% rise in quarterly production on Friday, helped by strong performance at its open-cut mines, and said it was exploring a potential stake sale in the... 

Energy Transition asked to give payment security for Greenland case

Australia's Energy Transition Minerals said on Thursday a Copenhagen arbitration tribunal ordered its unit to give payment security for the Greenland and Denmark governments' legal costs against... 

EU-backed investors plan €500m battery raw materials fund

Two of Europe's leading energy transition investors plan to raise €500-million for a battery raw materials fund, aiming to plug "significant gaps" in the region's supply chain, executives told... 

Lithium venture in Chile in talks with EV firms to invest in mine project

A joint venture valued at $1.5-billion to $2-billion that wants to become Chile’s third lithium producer is in talks with investors to bankroll its project. Simco Lithium, owned by a Singaporean... 

Serbia wants talks with Rio Tinto over Jadar lithium project

Serbia wants to hold further talks with Anglo-Australian miner Rio Tinto about its lithium project in the country, President Aleksandar Vucic said on Wednesday, adding that there should also be...