Teck expects to close coal unit sale to Glencore by Q3, CEO says

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on... 

Tiger Brands pursues efficiency after sales volumes shrink

Tiger Brands, South Africa's biggest food producer, is reviewing spending and the number of brands it sells, it said on Thursday, after inflation drove consumers to buy less, knocking its revenues... 

Teck Resources Q4 profit beats targets on strong coal sales, copper output

Canadian miner Teck Resources beat fourth-quarter profit estimates on Thursday, helped by an increase in steelmaking coal sales and record copper production. The company also benefited from higher... 

Eramet in talks with France to offload debt from SLN nickel unit

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New... 

First Quantum announces capital restructuring to reduce debt

First Quantum Minerals on Wednesday announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on... 

Vale says its Sossego copper mine operating licence has been suspended

Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended.... 

Fortescue beats on first-half profit, posts strong dividend

Australia's Fortescue on Thursday posted a 41% jump in its half-year profit and declared a better-than-expected dividend, supported by strong iron-ore shipments and higher prices for its lower... 

Lithium producer IGO beats on profit, shares up

Australia's IGO reported interim underlying profit ahead of analysts' expectation on Thursday, even as the battery metal producer reeled from falling prices of key commodities, and said it did not... 

First Quantum says it is seeking $20bn over Panama mine closure order

Copper miner First Quantum Minerals said on Wednesday it was seeking $20-billion through international arbitration after Panama ordered the closure of the company's mine in the central American... 

China's top coal producing region tells miners to curb overproduction

China's top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal... 

South African inflation picks up in January

South Africa's headline consumer inflation quickened to 5.3% year on year in January from 5.1% in December, data showed on Wednesday. Key contributors to the annual inflation rate included food,... 

Copper, gold to get 'largest immediate' boost from Fed easing, Goldman says

Copper and gold are expected to see the largest immediate price boost in the commodities sector from potential US Federal Reserve interest rate cuts, analysts at Goldman Sachs said. "The immediate... 

First Quantum Minerals re-shuffles management at Zambian operation

Canadian miner First Quantum Minerals is re-shuffling top-tier personnel at its Zambian operations in a bid to tackle production and safety shortfalls in the South African country, an internal memo... 

Ramaphosa sets May 29 election date

South Africa will hold national and provincial elections on May 29, President Cyril Ramaphosa's office said on Tuesday. "I call on all South Africans to exercise their democratic right to vote and... 

Gecamines plans overhaul of mining JVs in world's top cobalt supplier

The Democratic Republic of Congo's (DRC's) State miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to... 

JSW Steel in talks with Australia's Whitehaven for coal mine stake

India's JSW Steel is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India's... 

Antofagasta says profit up 5% in 2023, cuts dividend

Chile's Antofagasta on Tuesday reported a 5% rise in 2023 profit as copper production and prices increased, offsetting higher costs. Although the mining group reported earnings before interest,... 

India gets 40 bids for commercial coal mines

ndia has received a total of 40 bids for some of the 32 commercial coal mines that were made available for auctioning in December, the government said in a statement on Monday, adding the bids... 

Goldman, hedge funds step up activity in physical uranium as prices spike

Investment banks Goldman Sachs and Macquarie, as well as some hedge funds are positioning themselves to reap the benefits of a newly buoyant uranium sector as prices of the nuclear fuel ingredient... 

Niger names new ministers of mining and energy in reshuffle

Niger's military government has named new ministers of mining and energy in a government reshuffle, splitting up the previous ministry of mines, petrol and energy into three posts, it said on... 

Vale board split on future of current CEO, say sources

A board vote to decide on the future of Brazilian miner Vale's CEO ended in a tie, two people familiar with the matter told Reuters, weeks after the government pressured the mining giant to... 

Australian lithium stocks rally on speculation of China mine closure

Australian lithium stocks rallied on Monday on speculation that Chinese battery maker CATL had closed its Jianxiawo mine in China that produces the material used in electric vehicle batteries.... 

SSR Mining says environmental permit for Turkey mine has been revoked

Canada-listed gold miner SSR Mining said late on Sunday that its environmental permit for a gold mine in eastern Turkey has been revoked. The operations at the company's Copler mine will remain... 

Rusal to add Abramovich to lawsuit against Potanin over nickel miner pact

Aluminium giant Rusal obtained permission by a London court on Friday to add Russian billionaire Roman Abramovich and his firm Crispian Investments as defendants in the case against Vladimir... 

SSR Mining says eight employees detained after Turkey mine landslide

Gold miner SSR Mining said on Friday that eight of its employees have been detained amid an investigation into a landslide at its mine in Turkey and that operations there remain suspended. SSR... 

Africa's economic growth fell to 3.2% in 2023, says AfDB

Africa's economic growth fell to 3.2% last year from 4.1% in 2022, the African Development Bank said on Friday, but it projected higher growth this year for all regions except central Africa. The... 

Carbon capture tech a 'complete falsehood', says Fortescue Metals' Forrest

Carbon capture is not a solution for the energy transition and political leaders need to provide real, non-greenwashed, commitments to encourage investment, Andrew Forrest, executive chairman of... 

Exxon aims to make key lithium technology decision by year end

Exxon Mobil plans to decide by the end of the year which lithium filtration technology it will use in Arkansas as part of its push to become one of the world's top producers of the battery metal,... 

Indonesia, Vale agree price for divestment plan, Minister says

Indonesia and Vale Base Metals have concluded negotiations and agreed in principle to a price for the portion of shares the miner will sell in its Indonesian unit INCO, the Mining Minister said on... 

Three dead as bus carrying B2Gold employees attacked in Mali

B2Gold Corp on Thursday said three of its employees died after sustaining injuries in an attack on an employee transport convoy in Mali. A bus transporting B2Gold employees from the Fekola Mine to... 

Vale to follow BHP on new provisions over dam failure, analysts say

Brazilian miner Vale is expected to hike its provisions after BHP Group flagged a $3.2-billion impairment related to the failure of a dam operated by their joint venture Samarco, analysts said.... 

France offers loan to New Caledonia nickel firm Prony to avert collapse

France has agreed to provide a €140-million loan to Prony Resources to avert the collapse of the New Caledonian nickel producer as Paris pursues negotiations to salvage the Pacific territory's... 

Mexican mining sector balks at plan to ban open-pit mines

Mexican President Andres Manuel Lopez Obrador's proposal to ban openpit mining will generate uncertainty and curtail investment for the key sector, mining industry representatives said this week.... 

Indian miner Vedanta's parent sells $209m stake

Vedanta Resources, the parent of Vedanta, has sold a stake worth more than 17.37-billion rupees ($209-million) in the Indian miner, exchange data showed on Thursday. Finsider International, part... 

TotalEnergies CEO says IMF debt rules hobbling African green energy projects

Renewable energy investments in Africa are being hobbled by insufficient government loan guarantees, as the International Monetary Fund keeps a tight leash on country indebtedness, TotalEnergies... 

Nigeria's new Dangote refinery to export first fuel cargoes

Nigeria's Dangote oil refinery has issued tenders to sell two fuel cargoes for export, the first from the newly commissioned refinery, trading sources with knowledge of the matter told Reuters. The... 

S Africa's budget to consolidate more slowly, rate cuts delayed – poll

South Africa's budget deficit will narrow at a slower pace in coming years than October estimates predicted, put off course by poor mining tax receipts, according to a Reuters poll which also... 

Woodside flags $1.2bn charge against asset bought under BHP merger

Woodside Energy, Australia's largest energy firm, flagged a non-cash post tax-asset impairment of around $1.2-billion from its Shenzi oil and gas field in its 2023 fiscal earnings, sending its... 

Lithium players to gather in Arkansas as low prices pressure industry

Exxon Mobil, Albemarle and others eyeing ways to tap Arkansas's vast lithium reserves will gather in Little Rock this week as the industry grapples with sagging prices for the battery metal that... 

Despite weak lithium prices, Albemarle beats on cost cuts

Albemarle, the world's largest lithium producer, posted a better-than-expected adjusted quarterly profit on Wednesday as aggressive cost cuts helped offset plunging prices for the metal used to...