Iron-ore miners could face billions more in fuel costs due to Iran war, Fortescue says

Iron-ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The US-Israeli war on... 

IEA discussing further oil stock releases, Birol says

The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, executive director Fatih Birol said on... 

Orla secures permits to extend Camino Rojo operations

Mexico has cleared the way for Orla Mining to extend openpit operations and advance underground development at its Camino Rojo mine in Zacatecas. The company announced last week that Mexico’s... 

US House Democrat blasts Commerce's 'highly concerning' $1.6bn USA Rare Earth deal

A senior House Democrat accused US Commerce Secretary Howard Lutnick on Thursday of structuring Washington's $1.58-billion investment into USA Rare Earth in a way that gives the government "highly... 

Vatican launches project encouraging disinvestment from mining sector

The Vatican on Friday launched an international project encouraging disinvestment from the mining sector, in an unusual initiative by the Catholic Church to steer investments away from a specific... 

South32 shuts Gemco manganese mine as cyclone strikes

South32 has paused operations at its Gemco mine and moved non-essential personnel off site as Cyclone Narelle lashes Australia's northeast, a spokesperson said on Friday. The Groote Eylandt Mining... 

Work from home, avoid air travel to deal with higher energy prices, IEA says

The International Energy Agency (IEA), which this month agreed a record release of oil from strategic stockpiles to deal with the effects of the US-Israeli war with Iran, outlined on Friday... 

WTO reform deadlock may prompt some countries to seek other options on free trade

Failure to chart a viable reform path for the World Trade Organization at a meeting next week will nudge members to pursue other options to set rules and advance free trade, diplomats and officials... 

Rio shuts bauxite mines as cyclone hits north-east Australia

Rio Tinto, the world's largest iron ore producer, temporarily shut its Amrun and Andoom bauxite mines in Northern Queensland as tropical cyclone Narelle battered northeast Australia. Those mines... 

Glencore could walk away from South Africa smelter rescue talks over conditions

Glencore's South African ferrochrome unit could walk away from talks with the government over a discounted electricity package due to what it sees as unfavourable conditions, an executive said on... 

Freeport to seek permit for $7.5bn mine expansion, Chilean media reports

US miner Freeport-McMoRan has begun the process of obtaining an environmental permit for a $7.5-billion expansion of its El Abra copper mine in Chile, the company said on Thursday. The project is... 

McEwen Copper plans $300m IPO to help finance Los Azules, exec says

Canadian miner McEwen Copper plans to carry out an initial public offering (IPO) of about $300-million toward the end of this year as part of a financing push to advance the Los Azules copper... 

Trump Alaska lease sale draws record $163m from oil majors

The US government on Wednesday held its most successful sale ever of oil and gas drilling rights in Alaska's National Petroleum Reserve, attracting $163-million in winning bids from industry... 

KoBold Metals targets early-2030s copper output at Zambia project

KoBold Metals, the mining firm backed by US billionaires Jeff Bezos and Bill Gates, has started development of its Mingomba copper project in Zambia, targeting production in the early 2030s, its... 

Anglo American expects final approval for Teck Resources merger around year-end, Brazil CEO says

London-listed mining company Anglo American expects to get final regulatory approval for its merger with Teck Resources around the year-end, the company's Brazil CEO Ana Sanches said on Wednesday.... 

Codelco monthly output dives, sowing doubts about validity of end-2025 production spike

Chile's State-owned copper giant Codelco has reported a sharp drop in production to start this year, leading copper industry analysts and former Codelco executives to question its reports of... 

US hosts critical minerals event in Brazil amid diplomatic strains

The US embassy will sponsor an event in Sao Paulo between US investors and Brazilian firms looking to produce critical minerals on Wednesday amid diplomatic tensions that threaten to overshadow... 

Carney climate plan at risk as Canadian oil companies stress need to boost production

A key plank of Canadian Prime Minister Mark Carney's climate plan will likely miss its target implementation date, industry sources said, raising new doubts about Canada meeting its environmental... 

South Africa plays down oil shock risks, bets on commodities to steady debt path

South Africa's Treasury said on Wednesday it expected government debt to stabilise as planned despite surging oil prices and market volatility linked to the Middle East conflict, citing the... 

BHP's newly appointed CEO says to focus on Americas in new age for mining

BHP Group on Wednesday named senior executive Brandon Craig as its next CEO as the mining industry undergoes a generational shift amid a rush for copper, with Craig saying he would be "bringing to... 

Woodside appoints interim chief Liz Westcott as permanent CEO

Australia's Woodside Energy on Wednesday appointed interim chief Liz Westcott as CEO and MD, succeeding Meg O'Neill who departed Australia's largest oil and gas producer in December to take the... 

Ghana weighs local bids for $1bn revival of Gold Fields' Damang mine

Ghana is assessing three bids from local investors to take over Gold Fields’ Damang gold mine, which requires up to $1 billion of investment to revive, the mining regulator told Reuters, nearly a... 

Guinea weighs bauxite export quotas as prices slide and freight costs rise

Guinea, the world's top bauxite producer, is considering introducing export quotas for mining companies as early as this month, according to four sources familiar with the matter, as global prices... 

Trafigura to help Venezuela's Minerven develop a responsible gold-sourcing programme

Trafigura will work with Venezuela's state gold miner Minerven to develop a responsible sourcing programme as part of its pre-payment deal for gold dore, a semi-pure alloy, the Swiss commodity... 

BHP wins bid to throw out UK contempt case linked to Brazil dam collapse

BHP on Monday won its bid to throw out a contempt of court case in Britain over the funding of litigation to try to prevent some Brazilian municipalities suing the mining giant in London over one... 

Trump adviser says Iran 'terror premium' inflated oil prices for decades

Neutralising Iran could make crude oil much cheaper because the threat posed by Tehran imposed a "terror premium" that inflated global oil prices for decades, a top White House adviser said in a... 

S&P downgrades Botswana as diamond sector faces global headwinds

S&P Global Ratings on Friday cut Botswana's long-term foreign and local currency sovereign credit ratings to "BBB-" from "BBB," citing structural weakness in the global diamond market that will... 

Tantalite prices jump to over two-decade high on Congo supply fears

Tantalite prices have surged to their highest level in more than two decades on supply fears following landslides at a major mine in top producer, the Democratic Republic of Congo, while demand for... 

Ruthenium prices hit record high as AI boom squeezes supply

Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged to an all-time high as supply constraints and growing demand linked to artificial intelligence tighten the market, analysts... 

China eases BHP iron-ore ban for one week, sources say

China will ease a ban on BHP's Jimblebar fines, an iron-ore product, until next week, sources said on Friday, only a day after Beijing expanded restrictions against its third-largest supplier.... 

Syrah, Tesla extend deadline to resolve alleged default in graphite supply deal

Australian graphite miner Syrah Resources said on Monday it agreed with Tesla to extend for a fourth time a deadline to resolve an alleged default under their graphite supply agreement to June 1.... 

Coal India unit Central Mine Planning seeks $1.33bn valuation, IPO opens Friday

Coal India's subsidiary, Central Mine Planning & Design Institute, has set a price band of 163 to 172 rupees per share for its 18.38-billion-rupee ($198.68 million) initial public offering,... 

India gold discounts hit near-decade high; Mideast tensions lift China demand

Gold discounts in India widened this week to their deepest point in nearly a decade as demand stayed subdued and some traders steered clear of paying import duties, while escalating Middle East... 

Sinomine in talks with Zimbabwe to resume lithium exports

Sinomine Resource Group is in talks with Zimbabwean authorities to resume its lithium exports, the Chinese mining group said on Friday, weeks after the African country halted the export of lithium... 

China widens BHP iron-ore ban amid contract talks, sources say

China has widened a ban on BHP iron-ore for the second time in two weeks, escalating a months-long contract dispute with the world's third-largest supplier of the key steelmaking ingredient. China... 

Glencore raises hope of reviving Rio Tinto deal as coal prices turn

Glencore CEO Gary Nagle is hoping a recent surge in coal prices will help bring Rio Tinto back to the table for a fresh attempt at creating the world's biggest mining company, three investors said,... 

Chile, US eye collaboration on rare earths and other critical minerals

Chile and the US have signed a joint statement to begin discussions on rare earths and other types of critical minerals, Chile's foreign ministry said on Thursday. The first meeting will take... 

Vale more than doubled ore production from waste material in 2025

Brazilian mining company Vale said on Thursday it produced 26.3-million metric tons of iron ore in 2025 from materials previously classified as waste or tailings, more than double the 12.7-million... 

Chile's Kast sworn in as President in biggest right-wing shift in decades

Jose Antonio Kast was sworn in as Chile's President on Wednesday, ushering in the country’s sharpest shift to the right in decades as voters, alarmed by rising insecurity, backed a broader... 

Peru approves environmental study for $3.4bn Buenaventura copper project

Peru on Wednesday approved an environmental study for Buenaventura, one of Peru's largest mining firms, to proceed with its southern Trapiche copper project with an estimated investment of...