UAE conglomerate seeks to gatecrash China's JCHX Zambian copper deal

A unit of International Holding Company IHC.AD, Abu Dhabi's most valuable company, is interested in acquiring Zambia's Lubambe Copper Mine, an asset that China's JHCX Mining has already agreed to... 

Antofagasta launches desalination plant for Los Pelambres copper mine in Chile

Chilean miner Antofagasta Minerals on Thursday inaugurated a more than $2 billion desalination plant for its flagship copper mine in Chile, Los Pelambres, aimed at relieving the effects of severe... 

France sets end March deadline for New Caledonia nickel deal

French Finance Minister Bruno Le Maire on Thursday set an end of month deadline for New Caledonia to back a state bailout deal for the French territory's nickel industry, ruling out an improved... 

China coal industry group expects output growth to slow in 2024

China's coal output is expected to increase 36-million metric tons, or 0.8%, to about 4.7-billion tonnes in 2024, a Chinese coal industry group said on Wednesday, slower than last year's 2.9%... 

Rescuers battle rubble and water in race to save 13 trapped Russian miners

Rescuers in Russia's far east battled rubble and water on Wednesday in an attempt to save 13 miners who have been trapped 120 metres underground in a gold mine for nearly two days. The miners were... 

Peru copper production dips 1.2% in January

Copper production in Peru, the world's No. 2 producer of the red metal, slipped 1.2% in January from the same month the year earlier to some 205 375 metric tons, the Andean nation's mines and... 

Sigma Lithium receives letter of arbitration from LG Energy Solution

Sigma Lithium said on Tuesday its unit received an initiation letter of arbitration from South Korean company LG Energy Solution. In its request for arbitration, LG Energy alleges that Sigma... 

South Africa consumer inflation rises in February

South Africa's consumer inflation ticked up for the second month in a row in February, moving closer to the central bank's upper target, which economists say could mean a longer wait for rate cuts... 

South African rand flat ahead of inflation, retail sales data

South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales data that could provide clues on the health of the local economy. At 0452 GMT, the rand traded at... 

Glencore-backed Peru zinc miner Volcan halts three mines over permits

Peruvian zinc, lead and silver miner Volcan, backed by global commodities giant Glencore, will halt activity at three of its mines in the country from Tuesday as it works on updating an operating... 

Vale faces $3.8bn claim in Dutch case over Brazil Mariana dam break

Victims of the 2015 Mariana dam break in Brazil are seeking about £3-billion ($3.8-billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the Netherlands,... 

Rio Tinto to invest $350m in Argentina lithium project

Global miner Rio Tinto will invest $350-million at its Rincon lithium plant in Argentina as it works to begin production by the end of the year, the company said this week following CE Jakob... 

Thirteen miners trapped in Russian gold mine, authorities say

Thirteen miners were trapped after a rock fall in a gold mine in Russia's Amur region, Russia's Ministry of Emergency Situations said on Tuesday. "Communications are being restored and mechanized... 

China cuts first 2024 tungsten mining quota 1.6% from year ago

China has set its first batch of 2024's mining quota for tungsten concentrate at 62 000 metric tons, the Ministry of Natural Resources said on Tuesday. That represents a fall 1.6% from 63 000 t of... 

Uganda gold exports jump more than 10-fold in 2023, says central bank

Uganda's gold exports surged more than ten-fold in 2023 despite US sanctions on a major processor in the East African country, data from the central bank showed on Tuesday. Uganda, which has... 

US must improve copper mine permitting process, Freeport CEO says

The US must improve its mine permitting process if it hopes to boost domestic supplies of critical minerals to power the clean energy transition, the CEO of copper giant Freeport-McMoRan said on... 

Dirty gold can still slip into London market, rights groups say

The London Bullion Market Association (LBMA), which sets standards for the world’s most established gold market, needs to do more to exclude gold linked to human rights abuses or criminality from... 

Boliden to invest $463m at Swedish copper smelter

Swedish metals maker Boliden said on Monday it will invest 4.8-billion Swedish crowns ($463.5-million) in a new tank house to boost refining capacity at its Ronnskar copper smelter, which was last... 

Put sanctions on Russian-origin aluminium not on Rusal, industry group says

ndustry group European Aluminium wants the European Union to impose sanctions on aluminium supplied from Russia but not EU-based companies owned by Rusal which produces bauxite and alumina outside... 

Indonesia says nickel miner Vale to build another $2bn HPAL plant

Nickel miner PT Vale Indonesia is exploring a potential investment in a high-pressure acid leaching plant in Sulawesi island, with an estimated cost of 30-trillion rupiah ($1.91-billion), its... 

Rand slips ahead of CPI, central bank meetings

South Africa's rand weakened in early trade on Monday, at the start of a week that will include South African inflation figures and several major central bank rate decisions. At 0705 GMT, the rand... 

Arcadium Lithium says Argentina operation not affected by court ban

Global lithium mining firm Arcadium Lithium said on Friday that its operations in the northern Argentina region of Catamarca would not be impacted by a ruling by a provincial court blocking the... 

MinRes to develop a lithium processing hub in Goldfields region

Australia's Mineral Resources said on Monday it intends to develop a lithium processing hub in the Goldfields region of Western Australia after its buyout of Poseidon Nickel's Lake Johnston nickel... 

BHP cuts contractors at Australian nickel project amid price slump

BHP Group said on Monday some contractors at its West Musgrave nickel and copper project in Western Australia had left its operations as the global miner assesses whether it will put its nickel... 

Rusal's profit slumps on subdued prices despite higher sales

Russia's Rusal boosted physical aluminium sales last year thanks to Asian markets, but low prices caused its net profit to slide 84%, the world's largest aluminium producer outside China said on... 

Congo, Chinese partners sign reviewed Sicomines copper and cobalt JV agreement

Democratic Republic of Congo and Chinese investors on Thursday signed an agreement reached in January that revises some terms of their Sicomines copper and cobalt joint venture, Congo's... 

Africa to play 'huge role' in US critical mineral strategy, says Treasury's No. 2

The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia's influence over the market for other minerals, US Deputy Treasury Secretary Wally... 

Russian diamond ban creates costly delays, Antwerp diamond dealers say

Antwerp's diamond dealers are facing long and expensive delays in their imports of the precious stones due to an EU ban on Russian-origin diamonds that came into effect on March 1, a letter seen by... 

Deal to sell government stake in South African Airways collapses

A deal the South African government has been negotiating for three years to sell a majority stake in South African Airways (SAA) has fallen apart, the minister overseeing the company said on... 

Wyloo says industry will turn from LME without green nickel

Nickel miner Wyloo, owned by Australian mining magnate Andrew Forrest, said that if the London Metal Exchange (LME) doesn't launch a green nickel contract, the industry will have to look for... 

Activist Tribeca asks Glencore to move main listing to Sydney, FT reports

Activist investor Tribeca Investment Partners has called on Glencore to shift its primary listing from London to Sydney and abandon a plan to spin off its profitable coal business, the Financial... 

Rockfall at Australia gold mine kills one worker, injures another

A 37-year-old man has died and another was seriously injured after rocks collapsed inside an underground gold mine in Australia's Victoria state, while 28 other workers at the site were rescued,... 

Japan's Marubeni to invest in Hudbay's exploration activities

Canadian miner Hudbay Minerals said on Wednesday that Japanese trading house Marubeni will invest up to C$12-million across exploration activities at three of the miner's projects. Once the... 

Amid nickel glut, Indonesia's next President vows to keep 'downstreaming' policy

Indonesia's incoming president, Prabowo Subianto, has pledged to continue predecessor Joko Widodo's nickel "downstreaming" policy but faces the task of reducing oversupply while pushing to... 

China coal group says US curbs on Russia to keep prices high, hurt exports

Tougher US sanctions on Russia's coal firms will keep global prices of high-calorific-value coal high in the near term, affecting a fifth of the latter's coal exports, a Chinese industry group... 

China's top copper smelters agree on rare joint production cuts, sources say

Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to... 

US Treasury's No 2 urges South Africa to boost fight against corruption

US Deputy Treasury Secretary Wally Adeyemo on Wednesday urged South Africa to step up its battle against corruption, saying that work could help boost job creation in a country facing an... 

South Africa should get off global regulator's 'grey list' in 2025, says Kganyago

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 

Teck Resources mulls British Columbia battery recycling plant

Copper and zinc miner Teck Resources is considering building a lithium-ion battery recycling facility in British Columbia, CEO Jonathan Price said on Tuesday. If constructed, Vancouver-based... 

Former Vale board member claims political influence in CEO succession

A board member from Brazilian miner Vale who resigned on Monday said his decision to do so came after the succession process of the firm was conducted in a "manipulated manner", according to his...