Chile president says Codelco copper output to grow in 2024

hilean President Gabriel Boric told a major copper industry conference on Wednesday he expects production at state-run miner Codelco to grow slowly this year and reach 1.7-million metric tons by... 

Trudeau government urged to walk the talk on Canada's climate policies

Canada's federal budget on Tuesday unveiled few emissions-cutting policies, but climate advocates say the key for Justin Trudeau's Liberal government is to prioritise implementation of existing... 

Copper producer Aurubis to grow organically rather than through deals, CEO says

Aurubis, Europe's largest copper producer, plans to eschew large acquisitions and instead build a network of recycling facilities across the globe as part of its focus on organic growth, its CEO... 

Governments must broker local support for mines, industry group says

The world's governments must do more to convince local communities and Indigenous groups to support mines that produce critical minerals needed to power the energy transition and fight climate... 

Santos posts fall in quarterly revenue on lower production, volumes

Australian oil and gas producer Santos said on Thursday its first-quarter revenue fell about 14%, hurt by lower production across its product portfolio and a decline in volumes in recent months.... 

Glencore acts to profit from LME post-sanction rule change

Mining and trading house Glencore aims to take thousands of metric tons of Russian aluminium from the London Metal Exchange (LME) and return it at a later date to profit from rule changes, three... 

PetroSA targets Mozambique gas in new sales deal

PetroSA expects the first flows of gas into the country from a deal with Mozambique's national energy company ENH later this year, officials said, amid efforts to shore up supplies ahead of a... 

South Africa inflation slows slightly more than expected in March

South Africa's headline consumer inflation fell to 5.3% year on year in March from 5.6% in February, statistics agency data showed on Wednesday. Analysts polled by Reuters had forecast that... 

Namibia sees final investment decision on oil find by end 2024

Namibia will invest a big chunk of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund, and expects to learn if the find is commercially viable later this... 

Impact manager Acre raises $100m for African climate infrastructure

Two former BNP Paribas bankers have raised almost $100-million for a new fund which aims to unlock billions of dollars of funding for climate-aligned infrastructure projects in Africa. Acre Impact... 

Rinehart takes stake in Lynas Rare Earths, shares jump

Australia's richest person, Gina Rinehart, become a substantial shareholder in Lynas Rare Earths, the largest producer of rare earths outside of China, an exchange filing showed late on Tuesday.... 

US to reject access road to northern Alaska mining district, Politico reports

The Biden administration is set to reject the construction of an access road to the Ambler mining district in northern Alaska, Politico reported on Tuesday, citing two people with knowledge on the... 

Rio Tinto aims to keep Resolution's copper in US, executive says

Rio Tinto aims to keep all of the copper from its Resolution mine inside the United States should the long-delayed and controversial project win regulatory approval, a senior executive said on... 

Vale's iron-ore output up 6% in first quarter, sales jump

Brazilian miner Vale on Tuesday reported growth of 6.1% in its first-quarter iron-ore production from a year earlier, driven by improved output from a key project in northern Brazil, while sales in... 

Peru copper production growth near 13% in February

Peru's copper production grew 12.7% in February to reach 216 752 metric tons, the country's energy and mining ministry said on Tuesday. Peru is one of the world's top producers of copper, and... 

Codelco CEO vows to pursue community buy-in over lithium expansion

Chile's State-run miner Codelco has made progress in negotiating with local communities over lithium mining and will keep working to win their support, CEO Ruben Alvarado said on Tuesday, a day... 

Canada unions brace for 2025 labour crunch in oil sands maintenance season

Annual maintenance on Canada's oil sands plants is forecast to cause no more disruption than usual this year, but trade union officials are warning of a labour crunch during Alberta's 2025... 

Canada to give Indigenous groups loan guarantees for resource projects

Canada will provide up to C$5-billion in loan guarantees to help Indigenous groups invest in natural resource projects, the Liberal government said in its annual budget on Tuesday. The program... 

Brazil court again suspends Vale's Sossego copper mine licence

A local court in Brazil has again suspended the operating license for Vale's Brazilian Sossego copper mine, the company and the country's Para state said. The state won an appeal overturning a... 

Native American group seeks to overturn US court ruling on Rio's Arizona copper mine

A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred... 

Global mining investment too low to support energy transition, Rio Tinto chairman says

Low rates of investment in the global mining sector have put the global energy transition at risk, widening the supply gap in critical minerals like copper, Rio Tinto chairman Dominic Barton said... 

China's March coal output slumps on high stockpiles, lower demand

China's coal output fell 4.2% in March, statistics bureau data showed on Tuesday, as miners cut back production on lower demand from power generators and ample inventories of the fuel limited... 

Opec woos Namibia as African nation prepares to produce from 2030

The OPEC+ oil producers group, having lost Angola and other players in recent years, is eyeing Namibia for possible membership as it sets up what could be Africa’s fourth-largest output by the next... 

Indigenous communities suspend dialogue with SQM, Codelco over lithium

The four largest indigenous communities in Chile's Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the... 

Codelco aims to land partner for Maricunga lithium by next year

Chile's State-run miner Codelco plans to select a partner for a future lithium project in one of the country's top salt flats, Maricunga, in the first quarter next year, Chairman Maximo Pacheco... 

Chile probes for lithium exploration interest, aims for five projects

Chile has started accepting statements of interest for lithium exploration and aims to develop up to five new projects in the country, the government announced on Monday. Chile is the world's... 

Copper output at Chile's Codelco set to rise this year, CESCO says

Chile's state-run copper miner Codelco is poised to improve production this year and begin to climb from its lowest dip in a quarter century, the head of Chilean copper studies center CESCO said... 

World Bank sounds alarm on 'historical reversal' of development for poorest nations

Half of the world's 75 poorest countries are experiencing a widening income gap with the wealthiest economies for the first time this century in a historical reversal of development, the World Bank... 

Rusal says new Western sanctions won't hurt its aluminium supply

Russian aluminium giant Rusal said on Monday that new sanctions on Russian metals introduced by the United States and Britain will have no impact on its ability to supply aluminium to world... 

US moves closer to approving ioneer's Nevada lithium mine

The US Bureau of Land Management (BLM) moved a step closer on Friday to approving ioneer's Rhyolite Ridge lithium mine in Nevada, a project that would be a key supplier of the electric vehicle... 

South Africa recalls J&J's cough syrup sold in six African nations after suspected toxicity

South Africa's health regulator said on Saturday it is recalling batches of Johnson & Johnson's children's cough syrup after detection of high levels of diethylene glycol. The affected batches were... 

Tietto Minerals at 1-year high on Zhaojin's sweetened $733m bid

China's Zhaojin Mining said on Monday it is raising its offer to buy the shares it does not already own in Tietto Minerals to up to A$733-million, sending the Australian gold explorer's shares to a... 

Antwerp World Diamond Centre CEO resigns amid Russia diamond sanctions

Antwerp World Diamond Centre (AWDC) CEO Ari Epstein resigned unexpectedly on Thursday, the AWDC's board of directors said in a statement. A spokesperson for AWDC, Belgium's main diamond industry... 

Sweden's LKAB cuts iron-ore production on railway woes

Sweden's LKAB will cut its iron ore output following derailments on a railway linking Sweden and Norway and reduced transport capacity going forward, the state-owned mining company said in a... 

Gold hits fresh high as Mideast tensions boost haven demand

Gold touched a fresh record as Israel prepared for a strike by Iran or its proxies, and traders mulled the latest US economic data. Bullion climbed as much as 1% to $2 395.48 in early Asia hours.... 

Alaska sues EPA over Pebble copper and gold mine prohibitions

Alaska sued the US Environmental Protection Agency on Thursday seeking to overturn an agency decision that it said effectively blocked development of one of the world’s largest copper and gold... 

Chile's copper output up 9.8% in February, Codelco production dips - Cochilco

Copper production in Chile rose 9.8% on an annual basis to 417 000 t in February even as state-run Codelco's output dipped, the country's copper commission Cochilco said on Thursday. Despite the... 

CEO of commodity trader Trafigura starts handover to successor

Jeremy Weir, longtime chief executive at commodities trader Trafigura, is priming successor Richard Holtum to take over when he decides to step back into a chairman role, five sources familiar... 

Multilateral development banks still need work on implementing reforms, group says

The World Bank and six other multilateral banks have made good progress in integrating global challenges like climate change into their agendas, but most have miles to go in implementing other... 

Santos shareholders re-elect Keith Spence as chair

Australia's Santos re-elected Keith Spence as its chair after a majority of shareholders voted in his favour despite unrest over the oil company's inadequate response to climate woes, results of...