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China's imports of Mongolian coal set to rise as transport improves
China's imports of Mongolian coking coal may rise to a record in 2024, after more than doubling in 2023, on improving transport links and its lower price versus domestic and international supplies,...
China's rare earth exports rise on demand from EV, high-tech sectors
China's exports of rare earths in 2023 rose 7.3% from the prior year, customs data showed on Friday, boosted by competitive prices and growing overseas demand from electric vehicle makers and other...
Ferrexpo reports 33% slump in annual iron-ore pellet production
Ferrexpo reported a 33% slump in annual production of iron-ore pellets on Thursday as the Ukraine-focused miner waded through a second year of disruptions caused by the Russian invasion. The...
First Quantum's shut Panama copper mine to present initial preservation plan
The Panama unit of Canadian miner First Quantum Minerals said Wednesday that it will present to government officials the first phase of its mine preservation plan on January 16, according to a...
De Beers approves $1bn spending at Botswana mine
Global diamond giant De Beers said it will go ahead with a planned $1-billion investment to extend the life of its flagship Jwaneng mine in Botswana, even as last year's downturn in gem demand...
Norway Parliament votes in favour of seabed mining, as expected
Norway's Parliament on Tuesday voted in favour of allowing Arctic seabed mineral exploration, in line with a deal reached between the government and key opposition parties last month, overcoming...
Saudi Arabia ups mineral resource estimates to $2.5 trillion - Minister
Saudi Arabia has revised upwards estimates for its untapped mineral resources including phosphate, gold and rare earths to $2.5-trillion, from a 2016 forecast of $1.3-trillion, its Mining Minister...
US seeks to jump-start production of higher-energy uranium now made in Russia
The US is seeking bids from contractors to help establish a domestic supply of a uranium fuel enriched to higher levels for use in a next generation of reactors, a fuel currently only available in...
AustralianSuper snaps up additional stakes in Pilbara Minerals, Endeavour Group
Pension fund AustralianSuper has raised its stake in lithium miner Pilbara Minerals and alcohol retailer Endeavour Group, two separate exchange filings showed on Tuesday. The stake increase makes...
Alcoa to mothball Western Australia alumina refinery, up to 1 050 staff at risk
US aluminum producer Alcoa said on Tuesday it planned to stop production in 2024 at its loss-making Kwinana Alumina Refinery in Western Australia because of challenging market conditions and the...
Zimbabwe gold output declines 15% amid electricity, forex shortages
Zimbabwe produced 30 metric tons of gold in 2023, 15% less than the previous year, official data showed on Monday, as electricity cuts and currency volatility impacted output. The Southern African...
Palladium falls as concern EVs will destroy demand returns to the fore
Palladium prices fell by 3% on Thursday as concern the take-up of electric vehicles will destroy long-term demand unravelled some of the December gains that followed Britain's expansion of...
War, weather put ocean shippers on notice for rough seas in 2024
Recent hostilities in the Red Sea have thrown global shippers of vital goods for a loop - but it is hardly the only issue that big carriers are facing as 2024 kicks off. Giants like Maersk say the...
Canadian dealmaking seen rebounding in 2024, led by energy, mining
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
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
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
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...
India urges G7 to delay ban on Russian diamonds as rules lack clarity – sources
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
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...
Egypt's Sisi sweeps to third term as president with 89.6% of vote
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
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
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 shareholders approve $10.6bn Livent lithium merger
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 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
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...
SQM ties up with Hancock on $1.1bn bid for Australian lithium developer Azure
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
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
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
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
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 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....
EU sets critical mineral goals, but faces struggle to hit them
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
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...
Lithium producer SQM, Chile's Codelco agree to start talks with indigenous group
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...
South African court denies class action against Anglo American
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...
India's Modi says new diamond bourse in Gujarat to create 150 000 jobs
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
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
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...
FDI inflows slow in the third quarter – SARB
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
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
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...
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