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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...
Two separate coal mine accidents kill 12 in China
wo separate coal mine accidents have killed 12 people in China over the last 24 hours, state broadcaster CCTV reported, the latest incidents to plague the industry after the government recently...
China Copper seeks to acquire overseas mines amid tight supply, chairman says
China Copper, one of the country's leading producers of the metal, wants to acquire overseas mineral resources amid tight mined copper supply and rising demand, the company's chairman told Reuters...
Alumina agrees $2.2bn all-stock buyout offer from US-based Alcoa
Australia's Alumina said on Tuesday it has agreed to be acquired by US aluminium producer Alcoa for a $2.2-billion all-stock buyout offer. The terms of the deal are consistent with Alcoa's offer...
Boliden says Finland strike to have negative impact
Swedish metals maker Boliden said a political two-week strike in Finland's harbours and railroad system due to start Monday would negatively affect the company, adding that the group will try to...
Worker dies in accident at Codelco's Radomiro Tomic mine in northern Chile
Chilean state-owned mining company Codelco said that a worker died in an accident on Friday afternoon at Radomiro Tomic copper mine in the country's north. Activities were suspended at the area of...
Copper production by Chile's Codelco slides, others climb in January
Copper production at Chile's top miners closed out January unevenly, with state giant Codelco slipping in the month, according to data released by the Chilean Copper Commission (Cochilco) on...
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...
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