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By Reuters

Nigeria to grant mining licences only to companies that process locally

28th March 2024

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... 


A 2023 photo from the Gresik smelter project. The smelter will not be operating at full capacity until June.

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

28th March 2024

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... 


A photo of the South African Reserve Bank's offices

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

28th March 2024

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

28th March 2024

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

28th March 2024

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

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

28th March 2024

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... 


Innovation Minister Francois-Philippe Champagne

Canada introduces tougher security reviews of foreign investments

28th March 2024

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 Governor Lesetja Kganyago

SARB keeps main interest rate unchanged, citing inflation risks

27th March 2024

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

27th March 2024

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... 


Corn farming

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

27th March 2024

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

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

27th March 2024

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

27th March 2024

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

27th March 2024

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... 


A New Development Bank logo

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

26th March 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

26th March 2024

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... 


Shoppers

S. Africa's consumer confidence improves in the first quarter, survey says

25th March 2024

South Africa's first-quarter consumer confidence improved on the back of an uptick in the confidence levels of high-income households, suggesting retail sales volumes could gradually start to... 


Britain agrees $100m trade finance to boost Africa food security

25th March 2024

Development lender British International Investment said on Monday it had agreed a $100-million finance facility with the Eastern and Southern African Trade and Development Bank (TDB) to boost... 


Newmont’s Akyem Ghana gold mine draws Chinese interest

24th March 2024

Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with... 


A brine pool at SQM's operations in Chile

Tianqi seeks shareholder voting power in Chile's SQM-Codelco lithium deal

24th March 2024

China's Tianqi Lithium Corp on Friday urged Chile's SQM to hold a shareholders vote over a lithium deal under discussion with State-run copper miner Codelco, and criticized a lack of clarity in the... 


Human rights court orders Peru to pay damages to Peru mining town

24th March 2024

The Inter-American Court of Human Rights on Friday ordered Peru to pay damages to residents of an Andean town for violations of their right to a healthy environment from years of air, water and... 


The Cobre Panama mine

Fortescue eyes developing its copper assets, not looking at Cobre Panama

24th March 2024

Australia's Fortescue, the world's fourth-largest iron-ore miner, is looking at developing its copper resources but has not made a decision yet, its founder and executive chairperson told Reuters... 


The Tenke Fungurume mine in the DRC

Congo overtakes Peru on copper output, still behind on exports

24th March 2024

The Democratic Republic of the Congo overtook Peru as the world's second largest copper producer in 2023, though it still lags the South American country in exports, official data from both nations... 


One of Boliden's mines in Sweden

Boliden sees $48m hit to Q1 profit from strike in Finland

22nd March 2024

Sweden's Boliden expects a hit of around 500-million crowns ($47.6-million) to its first-quarter operating profit from an ongoing industrial strike in Finland, the company said. Of the 500-million... 


The Illawarra coal operations

M Resources, GEAR plan funding round after $1.65bn coal mine buy, source says

22nd March 2024

Australian coal trader M Resources and Singapore's GEAR plan a funding round after their $1.65-billion purchase of South32's Illawarra metallurgical coal operations, a source familiar with the... 


Glencore's head office

More investors push Glencore to keep coal post Teck deal

22nd March 2024

A growing group of Glencore investors are keen for it to keep mining coal instead of spinning out the soon-to-be enlarged unit, with one eye on its financial outlook and another on the... 


The Pebble project in Alaska

Alaska's governor calls on Biden to update mine permit process

21st March 2024

Alaska Governor Mike Dunleavy called on President Joe Biden on Wednesday to update and streamline the US mine permitting process in order to boost domestic production of critical minerals and... 


Neodymium in a bag

US backs Australian, Brazil rare earths projects for up to $850m

21st March 2024

The US has backed two Australian-listed rare earths projects with up to $850-million of funding as Western nations build a supply chain for the strongly magnetic metals used in sectors from... 


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

21st March 2024

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... 


The Los Pelambres mine

Antofagasta launches desalination plant for Los Pelambres copper mine in Chile

21st March 2024

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... 


Eramet's SLN operation in New Caledonia

France sets end March deadline for New Caledonia nickel deal

21st March 2024

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 coal industry group expects output growth to slow in 2024

20th March 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

20th March 2024

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

20th March 2024

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 receives letter of arbitration from LG Energy Solution

20th March 2024

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... 


Consumers

South Africa consumer inflation rises in February

20th March 2024

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... 


Rand

South African rand flat ahead of inflation, retail sales data

20th March 2024

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

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

20th March 2024

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

19th March 2024

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,... 


The Rincon project site in Argentina

Rio Tinto to invest $350m in Argentina lithium project

19th March 2024

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

19th March 2024

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

19th March 2024

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... 


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