Ten dead, five injured after Zambia mine collapses

Rescue efforts were under way after a mine pit collapsed in Zambia's Mumbwa District, killing ten people and injuring five, police said on Monday. "An unknown number of people went to conduct... 

US rules on conflict minerals have not reduced violence in Congo, GAO says

A US congressional watchdog has found no evidence that a 2012 Securities and Exchange Commission (SEC) conflict minerals disclosure rule has reduced violence in Democratic Republic of Congo, it... 

Copper demand for electric vehicles is intact, trader IXM says

The uptrend in demand for metals such as copper used in electric vehicles is intact despite doubts raised by the slowdown in EV sales, but estimating numbers is difficult as the market is evolving,... 

Hedge fund Elliott loses appeal against dismissal of LME nickel lawsuit

Hedge fund Elliott Associates on Monday lost an appeal against the dismissal of its lawsuit against the London Metal Exchange over billions of dollars of cancelled nickel trades, which judges said... 

Chevron to sell assets worth $6.5bn to Canadian Natural Resources

Chevron is selling its assets in Athabasca Oil Sands and Duvernay Shale to Canadian Natural Resources for $6.5-billion, the oil giant said on Monday as it puts in motion its divestiture plan. The... 

Burkina Faso plans to withdraw some mining permits, junta leader says

Burkina Faso plans to withdraw mining permits from some foreign companies and will seek to produce more of its own gold, junta leader Ibrahim Traore said on Saturday, without specifying which... 

Ghana's wildcat gold mining booms, poisoning people and nature

At an unlicensed gold mine in Ghana, men in t-shirts, shorts and rubber boots wade through pools of muddy water laced with mercury, pull out rocks with bare hands and operate a rickety sluice as... 

Rio Tinto looks to snap up Arcadium before lithium prices recover

Rio Tinto is in talks to buy lithium producer Arcadium Lithium, both companies confirmed on Monday, with the global miner pouncing following a slump in prices for the ultralight metal essential to... 

Tellurian shareholders back proposed $1.2bn Woodside deal

Tellurian shareholders have voted in favor of the US LNG developer's proposed $1.2-billion acquisition by Australian energy producer Woodside Energy Group, the company said on Friday. Shares rose... 

India, US sign pact to cooperate on critical battery mineral supply chains

Indian Trade Minister Piyush Goyal and US Commerce Secretary Gina Raimondo signed an agreement on Thursday to cooperate on strengthening supply chains in the two countries for lithium, cobalt and... 

Anglo American not a sitting duck after breakup, CEO says

Anglo American will not be an "inevitable" takeover target after its unbundles its diamond, platinum, nickel and coal assets, CEO Duncan Wanblad said on Thursday. The mining giant is restructuring... 

Zimbabwe softens stance on local lithium processing after price collapse

Zimbabwe has softened its requirements for lithium miners to process the mineral locally, a government official said on Thursday, as the industry battles to survive a price slump over the past... 

TotalEnergies CEO to meet Mozambique president to move forward with project in country

TotalEnergies CEO Patrick Pouyanne said he planned to go to Mozambique later this month to meet the country's new president about the company's planned Mozambique LNG project. "The project remains... 

South Africa business activity accelerates in Sept as inflation eases, S&P PMI shows

South Africa's private sector saw an uptick in growth in September, driven by a rise in business activity and a significant cooling of inflationary pressures, a survey by S&P Global showed on... 

Australia's Origin Energy plans to exit Hunter Valley hydrogen hub

Australia's Origin Energy said on Thursday it intends to exit its potential hydrogen development project in the A$207.6-million Hunter Valley Hydrogen Hub (HVHH), located in New South Wales. The... 

Brazilian state to host COP30 climate summit defends gold mining rules

The Brazilian state of Pará, which will host the COP30 global climate talks next year in the Amazon, is defending local regulations that encourage illegal gold mining, according to documents in... 

Vale's new boss pledges to grow copper output after falling behind rivals

Brazilian miner Vale aims to boost its copper production, the company's new CEO said on Wednesday, conceding it has lost ground to its competitors in output of the key industrial metal. Vale is a... 

Firms substituting cheaper aluminium for copper, trend growing

Some companies in Asia and Europe are starting to substitute cheaper aluminium wire for copper and the trend is due to gain momentum as copper prices are expected to see further gains, consultancy... 

Eros Resources to merge with Canadian mining rivals

Canadian small-scale gold miner Eros Resources would merge with rivals MAS Gold and Rockridge Resources to develop copper and gold projects in the province of Saskatchewan, the companies said on... 

South African rand softens, global markets focus on Middle East tensions

The South African rand weakened slightly against a stable dollar in early trade on Wednesday, as markets worried about rising tensions in the Middle East. At 0803 GMT, the rand traded at 17.3975... 

Uganda sets up State-owned firm to take stakes in mining operations

Uganda has formed a State-owned mining company to manage the government's equity interests in mining operations, its minister for energy and mineral development, Ruth Nankabirwa, said. All mining... 

Copper producer Aurubis to shun takeovers, rebuild trust, new CEO says

Europe's biggest copper producer Aurubis will shun takeovers and focus on internal projects for the next two years as it seeks to rebuild the trust of its stakeholders after a turbulent period,... 

Miner Sinomine decries tough Zimbabwe conditions amid lithium price slump

Zimbabwe's poor infrastructure and policy inconsistencies are worsening the impact of depressed lithium prices on producers of the material mainly used in battery technologies, a Zimbabwean unit of... 

Paladin gets security review notice from Canada on Fission Uranium deal

Australia's Paladin Energy said it has received a notice from a Canadian ministry ordering a national security review of its acquisition of Canadian uranium explorer Fission Uranium for... 

UN says Congo rebels generating $300 000 monthly in seized mining area

Rebels in eastern Democratic Republic of Congo (DRC) have consolidated control over the Rubaya coltan mining region, imposing a production tax estimated to generate around $300 000 in monthly... 

Barrick Gold and Mali government to find resolution for Loulo, Gounkoto gold mines

Barrick Gold Corp and the Mali government have decided to find a resolution to existing claims and disputes over the Loulo and Gounkoto gold mines in the West African country, the company said on... 

Copper output at Freeport's Manyar smelter delayed until November

Copper production at Freeport-McMoRan's new giant Manyar smelter in Indonesia will be delayed until November due to water and steam leakage during an initial test period, two sources with knowledge... 

Savannah Resources delays start of Portuguese lithium production to 2027

ondon-based Savannah Resources has delayed the expected start date for production of its lithium project in northern Portugal to 2027, it said on Monday, blaming changes in government. The... 

Goldman Sachs raises gold price forecast to $2 900/oz for early 2025

Goldman Sachs on Monday raised its gold price forecast to $2 900/oz from $2 700/oz for early 2025 citing gradually rising ETF flows with interest rate cuts in the West and China, and higher central... 

Codelco plans to inject almost $6bn into projects next year

Chile's Codelco is planning to invest nearly $6-billion next year in its pipeline of projects, about $1-billion more than the state-owned mining giant had previously estimated, its chairman Maximo... 

Copper takes top spot again as best prospect at LME seminar

Copper was the sweeping choice for the industrial metal with the best outlook for higher prices, attendees at a London Metal Exchange (LME) event said on Monday. Copper got 46% of votes in an... 

India, US likely to sign pact on critical minerals, sources say

India and the United States are likely to sign an initial pact for cooperation on critical minerals this week, two government sources said, as the two countries try to bolster trade ties despite... 

Coal producer JSW not interested in taking over any PGG deposits

Poland's biggest coking coal producer JSW is currently not interested in taking over any mining deposits from Polska Grupa Gornicza, said Adam Rozmus, the company's vice-president for technical... 

Teck CEO says to remain focused on organic growth

Canadian miner Teck Resources will focus on organic growth as there is a risk of paying too high a premium for takeovers, its CEO said on Monday. CEO Jonathan Price said the company is developing... 

Iron-ore soars to near three-month high on China's fresh property stimulus

Iron ore futures surged to a near three-month high on Monday, propelled by improving demand outlook on the back of top consumer China's latest property stimulus and a raft of monetary easing... 

Tanzania orders gold dealers to reserve 20% for purchase by central bank

Tanzania's mining regulator has ordered all mining firms and traders exporting gold to allocate at least 20% of the commodity for sale to the central bank to bolster the bank's move to diversify... 

Freeport cranks up copper output as rivals scour for deals to grow

Freeport-McMoRan is turbo-charging its copper output across three continents with no plans to join a buyout frenzy sweeping the mining industry, a strategy that analysts say positions the company... 

Australia revises down commodity revenue forecasts as prices trend lower

Australia slightly revised down its forecasts for resource and energy export earnings on Monday as lower prices across a broad range of commodities and a stronger currency continued to pressure a... 

Fortescue, Liebherr secure orders for 100 electric mining trucks, Forrest says

Australian miner Fortescue and German-Swiss equipment manufacturer Liebherr have secured orders for 100 autonomous battery-powered mining trucks for other mining and transport companies, Fortescue... 

Russia's USM threatens legal action over confiscation of its iron-ore in Ukraine

MOSCOW – Russia's USM said on Friday it will take legal action against any party seeking to buy iron-ore expropriated from the conglomerate by Ukrainian authorities. It rejected a ruling by...