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By Reuters

Canadian dealmaking seen rebounding in 2024, led by energy, mining

4th January 2024

Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to... 


Workers at First Quantum's shuttered Panama mine warn of threat to 'invade' site

4th January 2024

The union representing workers at First Quantum's copper mine in Panama on Wednesday warned of another union's plan to "invade" the site next week, the latest face-off over the now-shuttered mine... 


EU adds Russia's biggest diamond producer Alrosa to sanctions list

EU adds Russia's biggest diamond producer Alrosa to sanctions list

3rd January 2024

The European Union has added Russia's Alrosa ALRS.MM, the world's biggest diamond producer, as well as its CEO Pavel Alekseevich Marinychev to its sanctions list, it said on Wednesday. "In line... 


Chile President praises Codelco, SQM lithium deal ensuring State control

28th December 2023

Chile's President Gabriel Boric hailed the formation of a new government-controlled lithium partnership that fuses assets of State-run Codelco with private miner SQM, as the leftist leader advances... 


A diamond mine in Russia

India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources

20th December 2023

India has urged the Group of Seven (G7) countries to delay an incoming ban on Russian diamonds because the rules to trace the origins of gems remain unclear, two sources aware of the matter said.... 


Russian billionaire Abramovich loses legal challenge against EU sanctions

20th December 2023

Russian billionaire Roman Abramovich on Wednesday lost a legal challenge to overturn sanctions imposed on him by the European Union in the wake of Russia's invasion of Ukraine, after an EU court... 


Voting papers being handled in Egypt

Egypt's Sisi sweeps to third term as president with 89.6% of vote

20th December 2023

Abdel Fattah al-Sisi swept on December 18 to a third term as Egypt's President in an election where he faced no serious challengers, calling the vote a rejection of the "inhumane war" in... 


African Development Bank to withdraw international staff from Ethiopia – sources

20th December 2023

The African Development Bank (AfDB) will withdraw its international employees from Ethiopia following what it said was an assault on its staff members by government security forces, two sources... 


Egypt says talks over Grand Ethiopian Renaissance Dam have failed -statement

20th December 2023

Egypt said on Tuesday that the latest talks over the Grand Ethiopian Renaissance Dam (GERD) have failed, but it will closely monitor the process of filling and operating the dam and reserve the... 


Allkem's James Bay project area in Quebec

Allkem shareholders approve $10.6bn Livent lithium merger

19th December 2023

Investors in Australian lithium producer Allkem voted on Tuesday to accept a $10.6-billion merger offer from US giant Livent that would create one of the world's biggest lithium companies. Allkem... 


South African Rand weakens ahead of economic indicator

South African Rand weakens ahead of economic indicator

19th December 2023

South Africa's Rand was slightly weaker in early trade on December 19, ahead of a leading business cycle indicator release that is likely to provide clues about the economic health. At 08.18, the... 


Singapore's Atomionics taps gravity, AI in hunt for critical minerals

19th December 2023

Singapore-based start-up Atomionics has rolled out its technology that uses gravity and artificial intelligence to define ore bodies to its first customer, which the company says could cut costs... 


Azure's Andover deposit

SQM ties up with Hancock on $1.1bn bid for Australian lithium developer Azure

19th December 2023

Chile's SQM has teamed up with Australia's richest person, Gina Rinehart, to make a sweetened A$1.7-billion ($1.14-billion) bid for Australian lithium developer Azure Minerals, the three parties... 


Russia's Nornickel joins stainless steel factory project, aims to increase nickel sales

18th December 2023

Russian mining and metals giant Nornickel has decided to join a project to build a plant producing stainless steel products in Russia, it said on Monday. The project is led by Russia's RNK-Holding.... 


EU adopts 12th package of sanctions against Russia

18th December 2023

The European Union (EU) Council has adopted a twelfth package of sanctions against Russia, the European Commission said in a statement on Monday, after Austria gave its final approval over the... 


Chile copper miner Codelco reaches contract agreements with 3 unions

18th December 2023

Chilean miner Codelco, the world's No. 1 copper producer, said on Monday it reached contract agreements with three unions, putting off the risk of a strike at the state-run giant. Codelco reached... 


Thyssenkrupp Nucera stays bullish on hydrogen sector, shares rise

18th December 2023

Thyssenkrupp Nucera, which makes electrolysers needed to produce green hydrogen, is confident it can reach its mid-term targets, sounding a much more positive note than peers in a sector that still... 


Oil rises on Red Sea jitters, Russian export cut

Oil rises on Red Sea jitters, Russian export cut

18th December 2023

Oil rose on December 18 as attacks by the Houthis on ships in the Red Sea raised concerns of oil supply disruptions and Russia's plan to lower exports in December provided additional support.... 


The EU flag

EU sets critical mineral goals, but faces struggle to hit them

18th December 2023

The European Union (EU) has set targets to dig up, recycle and refine lithium, cobalt and other metals it needs for its green transition, but a shortage of new money, crippling energy costs and... 


UK to implement carbon levy on imported goods by 2027

18th December 2023

Britain will implement a new carbon import levy on some products from 2027 to help to protect businesses against cheaper imports from countries with less strict climate policies, the government... 


Codelco's logo on a building

Lithium producer SQM, Chile's Codelco agree to start talks with indigenous group

18th December 2023

Chile's State copper company Codelco and lithium producer SQM have agreed to establish a roundtable with indigenous communities amid talks over a possible partnership between the two companies in... 


An Anglo American logo on a jacket

South African court denies class action against Anglo American

17th December 2023

South Africa's High Court has ruled that a class action lawsuit against miner Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead, lawyers for the... 


Rough diamonds

India's Modi says new diamond bourse in Gujarat to create 150 000 jobs

17th December 2023

India's Surat diamond bourse will create 150 000 new jobs and become a "one-stop shop" for artisans and businessmen, Prime Minister Narendra Modi said as he inaugurated the new bourse in Gujarat.... 


S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension

14th December 2023

S&P Global Ratings on Thursday downgraded the rating of Vedanta Resources, parent of Indian miner Vedanta, citing concerns about extension of maturities of some of its bonds. Vedanta Resources... 


Mitsubishi, Freeport completes copper smelter expansion in Indonesia

14th December 2023

Indonesian copper smelter operator PT Smelting, a joint venture between Mitsubishi Minerals Corp and PT Freeport Indonesia, inaugurated on Thursday an expansion in capacity of its smelter facility... 


The SARB logo

FDI inflows slow in the third quarter – SARB

14th December 2023

South Africa recorded reduced foreign direct investment inflows of R26-billion ($1.40-billion) in the third quarter of 2023, from R53.8-billion in the second quarter, central bank data showed on... 


China has approved a number of export permits for graphite

14th December 2023

China's commerce ministry said on Thursday it has approved a number of export permits for graphite, the first since a December 1 change in regulations aimed at protecting national security. The... 


Vale mulls briquette plants in Gulf of Mexico, Middle East

13th December 2023

Brazilian miner Vale is considering implementing new iron ore briquette plants in Brazil, the Middle East and the Gulf of Mexico, chief executive Eduardo Bartolomeo said on Tuesday, as the firm... 


Antofagasta, union extend talks to allow contract vote

13th December 2023

Workers at Chilean copper miner Antofagasta's Centinela mine and the company agreed to extend talks to allow workers to vote on a new contract offer, the union said on Wednesday. The union will... 


A Komatsu 930E hydrogen fuel cell mining truck

GM, Komatsu to develop hydrogen fuel cells for electric mining truck

12th December 2023

General Motors and Komatsu said on Tuesday they will jointly develop a hydrogen fuel cell power module for the Japanese construction machinery maker's 930E electric drive mining truck. "Mining... 


Vale inaugurates first iron-ore briquette plant

12th December 2023

Brazilian miner Vale inaugurated on Tuesday its first iron-ore briquette plant in the southeastern state of Espirito Santo, a product that could help its steelmaking clients reduce carbon... 


Boliden plans to restart Europe's biggest zinc mine in second quarter of 2024

Boliden plans to restart Europe's biggest zinc mine in second quarter of 2024

12th December 2023

Boliden is planning to resume wage negotiations next month with around 650 employees at its Tara zinc operation in Ireland with a view to resuming output in the second quarter of 2024, the Swedish... 


Rio Tinto says it is optimistic about China's growth - state media

Rio Tinto says it is optimistic about China's growth - state media

12th December 2023

Global miner Rio Tinto is optimistic about China's economic growth potential and will stick to its long-term strategy there, its chairman, Dominic Barton, said after a rare meeting on Tuesday with... 


Western Australia seeks to speed up mining project approvals

Western Australia seeks to speed up mining project approvals

12th December 2023

Western Australia will overhaul its environmental permit system as it seeks to speed up the development of new business critical to the energy transition, its state government said on Tuesday. The... 


Incitec Pivot names new chief executive

12th December 2023

Incitec Pivot said on Tuesday Mauro Neves de Moraes will join the Australian fertilizer maker as its chief executive officer and managing director, effective January 22, 2024. He will take over... 


Rio Tinto-owned Energy Resources flags bigger provision of A$2.3bn

Rio Tinto-owned Energy Resources flags bigger provision of A$2.3bn

12th December 2023

Energy Resources of Australia (ERA), Rio Tinto's majority-owned uranium unit, said on Tuesday it expects to record a bigger provision of about A$2.3-billionrelated to the rehabilitation of its... 


Peru copper output up nearly 2% in October as Antapaccay surges

Peru copper output up nearly 2% in October as Antapaccay surges

12th December 2023

Peru's copper production rose 1.9% in October compared with the same month last year, totaling 240 097 metric tons for the month, the Andean country's mines and energy ministry said on Monday.... 


Gold mine collapse in Venezuela kills dozen people

11th December 2023

The collapse of an artisanal gold mine in southeastern Venezuela near an Indigenous community killed at least 12 people, the government announced on Sunday. A landslide on Wednesday buried the... 


Panama govt orders First Quantum to end mining operations, country unit says

Panama govt orders First Quantum to end mining operations, country unit says

11th December 2023

Panama's trade and industry ministry has ordered Canada's First Quantum to end operations at its lucrative copper mine, the firm's unit in the country said on Friday. The ministry sent the unit,... 


India, De Beers seek clarity, flexibility on G7's Russian diamond ban

India, De Beers seek clarity, flexibility on G7's Russian diamond ban

8th December 2023

India, home to 90% of the world's diamond cutting and polishing industry, and De Beers, the top global rough diamonds producer by value, are seeking clarity and flexibility from G7 countries in... 


The Mogalakwena PGMs mine

Anglo American preps sweeping cost cuts as price rout bites – sources

7th December 2023

Anglo American is preparing to freeze spending on growth and widen job cuts in South Africa, going far beyond its initial savings target and paving the way to mothballing some higher-cost platinum... 


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