Sherritt warns of going-concern risk after Trump expands Cuba sanctions

A Canadian miner that is one of Cuba’s biggest foreign investors warned investors that its ability to carry on as a going concern is in doubt after Donald Trump expanded US sanctions on the... 

Major Indonesian nickel smelter enters court-ordered debt halt

One of Indonesia’s largest nickel smelters has been placed under a temporary debt suspension by a local court, as the Southeast Asian nation’s industry grapples with ore shortages and low metal... 

China places two US rare earths producers on export control list

China has imposed export controls on two US rare earth producers that are part of Washington’s effort to establish alternative supply chains for minerals critical to advanced manufacturing and... 

Vale board resists shareholder Previ’s bid to oust chairperson

Boardmembers of Vale, the world’s top iron-ore producer, voted against a proposal by one of the company’s largest shareholders to remove Daniel André Stieler as chairperson, according to people... 

Ghana is weighing local control of Gold Fields’ biggest mine

Ghana is considering transferring control of Gold Fields’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of... 

Rio Tinto resumes copper exports from massive Mongolian mine

Rio Tinto Group has resumed exports of copper concentrate from its vast Oyu Tolgoi copper mine in Mongolia following a short protest. The protesters began a blockade of a key road on Wednesday... 

Zimbabwe licenses second gold refinery to handle rising output

Zimbabwe has licensed a second gold refinery to handle purchases and processing of the southern African nation’s increasing output of the precious metal. The refinery, to be located in the... 

Lobito railway receives first Congo shipment after flood repairs

Lobito Atlantic Railway (LAR) received its first copper shipment from the Democratic Republic of Congo (DRC) since reopening a flood-damaged section of the corridor, restoring traffic on a key... 

Chinese region promotes coal chemicals as energy security fix

One of China’s top coal-producing regions plans to expand use of the feedstock to manufacture chemicals, even as the practice poses a rising threat to the country’s climate goals. The Iran War has... 

South Africa set to run coal stations longer as gas projects lag

South Africa is poised to delay the retirement of about a fifth of its coal-fired electricity-generation capacity as gas projects earmarked to replace them remain behind schedule, contrasting a... 

Gold major Northern Star rejects new investor proposal to sell the company

Australia’s biggest gold miner Northern Star Resources has rejected a proposal by activist investor Elliott Investment Management to sell off some of its smaller assets or seek to sell itself to a... 

China picks State firm to help coordinate mining deals abroad

China has chosen a new State investment company to help coordinate its overseas metals and mining deals, and counter mounting geopolitical risks that threaten its ability to secure resources,... 

Guinea’s Simandou iron exports surge six months after first ore

Exports from Guinea’s Simandou iron-ore project surged in May, six months after the first shipment to China, marking a milestone in the ramp-up of the high-grade mine that has the potential to... 

China’s State buyer seeks scrutiny of new Fortescue iron-ore

China’s State-backed iron-ore buyer has instructed some steel mills to ask questions about Fortescue's new low-grade product as negotiations over a long-term supply contract hit a rough patch.... 

Indonesia advances export control plan despite uncertainty

Indonesia is pushing ahead with plans to centralize exports of key commodities starting June 1, casting a cloud of regulatory uncertainty over natural resource producers. Coal, palm oil and ferro... 

Iron-ore heads for monthly loss as coal spike pressures margins

Iron-ore headed for a monthly loss as a short-lived rally triggered by a fatal steelmaking-coal mine accident in China’s Shanxi province faded, leaving investors focused on mill margins and... 

South Africa set to run coal stations longer as gas projects lag

South Africa is poised to delay the retirement of about a fifth of its coal-fired electricity-generation capacity as gas projects earmarked to replace them remain behind schedule, contrasting a... 

Chinese coal disaster to ripple through steel, power, chemicals

The Shanxi coal disaster is likely to hit Chinese output in the short term, raising costs for steelmakers, power plants and chemicals manufacturers. The explosion at a coking coal mine that killed... 

Codelco, SQM budget $3bn for lithium project in Chile

Chilean mining companies Codelco and SQM are budgeting $3-billion to deploy new extraction technologies at their lithium joint venture in the Atacama Desert. The companies' Novandino Litio... 

SQM boosts lithium guidance as earnings top estimates

Chilean copper miner SQM reported a sharp increase in first-quarter profit and raised its lithium sales forecast, betting that robust demand from battery storage systems will keep the market... 

China’s Jinchuan says $145m missing in Congo mine probe

Jinchuan Group International Resources Co said an independent probe found that nearly $145-million was siphoned from its copper and cobalt operations in the Democratic Republic of Congo through... 

BHP reportedly cuts green push in iron-ore segment, media report says

BHP Group is allegedly pulling back on key decarbonization projects in its Western Australian iron-ore operations, slowing a climate strategy the miner had once positioned as central to its... 

Egypt eyes first aerial survey in 40 years to map mineral riches

Egypt will carry out its first comprehensive aerial mining survey in more than four decades, part of efforts to unlock mineral discoveries and attract foreign investment. Xcalibur Smart Mapping... 

Chalco agrees to build alumina plant in Guinea for $1bn

Aluminum Corp of China, the country’s largest State-owned producer of the lightweight metal, has agreed to invest $1-billion in an alumina plant in Guinea to tap local bauxite resources. Chalco, as... 

EU’s top copper miner KGHM eyes takeovers as global energy shift spurs demand for red metal

KGHM Polska Miedz SA, the EU’s largest copper producer, plans to expand its footprint abroad as the global shift to cleaner technologies fuels appetite for the red metal. Poland-based KGHM wants... 

Copper climbs toward record high as global supply tightens

Copper extended gains above $14 000/t, inching toward a record high seen earlier this year, as supply risks mount on mine disruptions around the world. The red metal rallied for an eighth session... 

Race for critical minerals leaves EU struggling to keep up

For the EU, the fate of a Cold War-era mine near Bratislava is becoming a litmus test for its ambition to break free from China’s chokehold over critical minerals. Sitting in a wooded range of... 

Freeport Indonesia pushes back Grasberg Copper restart by a year

PT Freeport Indonesia pushed back the full restart of its giant Grasberg copper mine by a year, worsening supply constraints that are already impacting the global market for the metal. The complex... 

Myanmar finds giant 11 000 ct ruby in Mandalay Region

Myanmar has announced the discovery of a massive ruby weighing 11 000 ct (2.2 kg), a rare find even for the country’s central gemstone hub of Mogok near Mandalay. The purplish-red stone, found... 

Japan offers energy loan, ammonia technology to South Africa

Japan plans to fast-track talks with South Africa on a yen-denominated energy loan, while promoting its technology to blend ammonia with coal to reduce carbon emissions in a country that still... 

Canada giving $1.1bn to firms hit by US metal tariff rules

Prime Minister Mark Carney’s government unveiled measures worth C$1.5-billion, or $1.1-billion, to help Canadian firms hurt by the Trump administration’s changes to US tariffs on imports containing... 

Germany sees US as vulnerable to squeeze on potash supplies

German authorities seeking to map out US supply-chain vulnerabilities as a way to win leverage with President Donald Trump’s administration have identified a key pressure point: potash. The US... 

Canadian miner invested in Cuba says it's asssessing Trump's fresh sanctions

A Canadian mining company that is among Cuba’s largest foreign investors is consulting with advisers and stakeholders after President Donald Trump expanded US sanctions against the struggling... 

Japan’s Sumitomo to divest stake in Madagascar nickel project

Sumitomo Corp plans to sell its majority stake in the Ambatovy nickel project in Madagascar following a review of market conditions. The Japanese trading house said it will divest its 54% interest... 

KoBold starts work on Zambian copper mine

KoBold Metals, the exploration company backed by billionaires including Bill Gates and Sam Altman, officially broke ground on what will be Zambia’s biggest copper mine as the global hunt for... 

China's scant winds allow fossil fuel power to make a comeback

Fossil fuels staged a comeback in China’s power sector last quarter, as weather variations and grid constraints slowed the growth of clean energy. Thermal power output rose 3.7% over the first... 

War squeezes global mining as diesel and acid supplies tighten

From the Australian outback to Ethiopia and the Democratic Republic of Congo, the global mining industry is beginning to feel the effects of disruption caused by the war in Iran. War-driven... 

World’s biggest lithium mine gets downgrade on ‘systemic issues'

Shares in Australian miner IGO tumbled as much as 14% after the company delivered a major downgrade to production guidance for Greenbushes, the world’s biggest hard-rock lithium mine. The company... 

Anglo advances coal business sale after setback with Peabody

Anglo American has at least three potential buyers for its Australian steelmaking coal business after a sale to Peabody Energy Corp was derailed last year following a fire at one of the mines.... 

China revives coal-to-gas projects as energy security frays

A high-profile Chinese coal-to-gas venture that lay dormant for over a decade is set to launch this year, as part of a wave of investments that will allow Beijing to mitigate threats to fuel supply...