Perseus says gold M&A activity high but deals hard to close over price uncertainty

Gold miner Perseus Mining sees strong merger and acquisition activity across the sector but expects dealmaking to remain difficult as companies struggle to agree on valuations amid volatile bullion... 

India's biggest power producer plans more private coal buying, people say

India's biggest power producer, NTPC plans to buy more coal from private mining companies to overcome fuel shortages and meet rising electricity demand, two people familiar with the matter said.... 

Chile's Codelco probes over-inflated 2024, 2025 copper production figures

Chile's Codelco is investigating new evidence of over-reported copper production in 2024 and 2025, the State-run miner said on Tuesday, a probe that could further stoke industry concerns about the... 

Sigma Lithium resumes operations in Brazil after court ruling

Lithium miner Sigma Lithium said on Tuesday it would resume mining and processing at its Grota do Cirilo project in Brazil after a federal appeals court upheld its environmental licences,... 

BHP to sell Kambalda nickel concentrator, tenements to Gold Fields

Global miner BHP said on Wednesday it had agreed to sell the Kambalda Nickel Concentrator and a package of associated tenements and mineralisation rights in Western Australia to Johannesburg-listed... 

China's central bank adds to gold reserves for twenty-third consecutive month

China's central bank stepped up its gold purchases in September, extending its buying streak to a twenty-third consecutive month, official data showed on Wednesday. Gold holdings by the People's... 

Australia's top court backs grassroots group in landmark climate case on coal mine

An Australian community group has won the first climate change case to come before the country's top court, with judges upholding a decision to block a two-decade extension of a coal mine in the... 

India steel ministry unlikely to seek new curbs on cheap imports, government source says

India's steel ministry is unlikely to push for any new measures to curb cheap imports in the near term, turning down a request from domestic steelmakers, according to a government source with... 

Australian uranium miners rally after Google's power deal with Constellation Energy

Australian uranium miners logged their best session in weeks on Wednesday after Alphabet's Google agreed to buy power from US nuclear energy major Constellation Energy, potentially raising the... 

Indonesian coal miner Bayan shareholders increase Jhonlin share sale

Indonesian coal miner Bayan Resources said late on Tuesday its biggest shareholders Low Tuck Kwong and Elaine Low increased the size of a share sale to Jhonlin Baratama to 10.08-billion shares from... 

Congo launches geological survey in push to unlock mineral potential

Democratic Republic of Congo has launched a nationwide airborne geological mapping programme aimed at improving knowledge of its vast mineral reserves to reduce exploration risk and attract... 

Tsingshan's Zimbabwe steel unit partners with state rail firm to boost haulage capacity

The Zimbabwean steelmaking unit of Chinese metals giant Tsingshan Holding Group on Monday signed a partnership deal with the National Railways of Zimbabwe (NRZ) to expand capacity for coal and... 

Norway's Norsk Hydro sees up to $210m hit from gas supply disruption at Alunorte

Norsk Hydro said on Monday it could take a financial hit of up to $210-million as it continues to buy gas at spot-market prices following disruptions to natural gas deliveries at its Alunorte... 

Westwin Elements to invest $502m in Mississippi nickel refinery

Westwin Elements said on Monday it plans to invest $502-million over five years to build a commercial-scale Class 1 nickel refinery in Natchez, Mississippi, as the US seeks to expand domestic... 

Vance says details of proposed Alaska LNG pipeline need to be worked out

US Vice President JD Vance said on Monday that a long-planned liquefied natural gas (LNG) pipeline in Alaska was going to happen, but there were still some details that needed to be worked out with... 

China turns on the export taps as LME zinc squeeze grinds on

China has historically been a significant net importer of refined zinc, but that looks set to change this year. Exports surged to 40 668 tons in August, the second-highest monthly tally in almost... 

Japan's Iwatani, Cosmo to develop hydrogen supply chain at Chiba refinery

Japan's Iwatani Corporation and Cosmo Energy Holdings said on Tuesday they have made a final investment decision to jointly develop a hydrogen supply chain at Cosmo's Chiba refinery near Tokyo,... 

Gold retains key reserve status despite surging bond yields, central bankers say

Gold remains a strategic reserve asset as concerns over rising government debt and geopolitical instability boost its appeal as a haven from risk, two central bankers said on Monday, even after... 

US Supreme Court weighs bid by oil companies to avoid climate lawsuit

The US Supreme Court is set on Monday to hear a bid by oil companies ExxonMobil and Suncor Energy to thwart a lawsuit by officials in Boulder, Colorado, seeking monetary damages for harms caused by... 

Thyssenkrupp targets October 28 for listing of materials trading unit, sources say

Thyssenkrupp is targeting October 28 for the separate listing of its materials trading division tk accelis on the German stock exchange, according to two people familiar with the matter. The... 

Suncor to sell offshore Canada oil stakes to Ithaca for $842m

Canada's Suncor Energy said on Sunday it had agreed to sell its interests in three offshore oil assets to London-based Ithaca Energy ITH.L for C$1.2-billion ($841.69-million) in upfront cash. The... 

Vietnam's Masan High-Tech seeks approval for 5% private placement to fund tungsten expansion

Vietnamese tungsten producer Masan High-Tech Materials is seeking shareholder approval for a private placement of up to 5% of its shares to long-term investors to fund mine expansion and downstream... 

Indonesia launches pilot commodity export monitoring platform

Danantara Sumberdaya Indonesia, a company established by the Indonesian government to supervise commodity exports, has started the test phase for a new monitoring platform aimed at boosting price... 

Commodities trader Gunvor rebrands as Centalion, plans Singapore redomicile

Commodities trader Gunvor said on Friday it had rebranded as Centalion and planned to redomicile to Singapore from Cyprus, marking the latest step in the group's evolution following a management... 

Glencore raises 2026 marketing profit outlook, resets long-term guidance framework

Glencore on Friday said it now expects 2026 marketing adjusted operating profit to exceed $5-billion, well above its long-term guidance, after a near-record first-half performance driven by... 

Fatal accident at Radomiro Tomic mine, Codelco partially suspends operations

A worker was killed in an accident at Chilean State-run miner Codelco's Radomiro Tomic mine, the country's mining regulator Sernageomin said on Thursday. Codelco confirmed in a statement that a... 

Canada to fast track oil pipeline designed to diversify economy away from US

Canada will fast track the approval process for a new proposed crude oil export pipeline to its west coast that could generate over C$20-billion ($14-billion) a year in GDP, Prime Minister Mark... 

ConocoPhillips signs 20-year LNG deal with Venture Global

Venture Global and ConocoPhillips said on Thursday they had signed a 20-year liquefied natural gas (LNG) supply agreement under which ConocoPhillips will buy one-million tonnes a year of LNG... 

Gas Malaysia targets investment decision on Kedah LNG terminal by second half of 2027

Gas Malaysia aims to make a final investment decision on plans for its first regasification terminal by the second half of next year, with the facility due to come online by the end of 2030, its... 

Hindalco aims to kick-start an alumina pricing revolution, columnist says

The market for the raw material needed to produce aluminium is both huge and highly opaque despite the best efforts of both exchanges and price reporting agencies. The London Metal Exchange (LME)... 

Yancoal Australia's Premier Coal workers reject pay deal, set strike action

Majority of workers at Yancoal Australia's Premier Coal mine rejected the miner's proposed workplace deal and will begin strike action on Saturday, Australia's Mining and Energy Union said, citing... 

Ghana Bill would give State special share rights in mining firms, draft shows

Ghana's draft mining Bill would allow the mines minister to require mining companies to issue the state a free special share with veto rights over key transactions, according to a copy reviewed by... 

Brazil regulator orders partial halt at Sigma Lithium mine over 'imminent risk'

Brazil's mining regulator ANM has ordered Sigma Lithium to halt mining activities in part of its Grota do Cirilo mine, citing an unspecified "imminent risk," according to a document seen by Reuters... 

Glencore, Peabody and Heeney Capital weigh Venezuela coal deals, Bloomberg News reports

Glencore, Peabody Energy and investment firm Heeney Capital are weighing deals to produce coal in Venezuela, Bloomberg News reported on Wednesday. Glencore and Peabody are working together on a... 

Supervisors at BHP Escondida mine in Chile reject offer, paving way for strike

Supervisors at BHP's Escondida copper mine, the world's largest, rejected a collective contract offer on Wednesday, paving the way for a potential strike at the Chilean mine. Last week, the 1... 

Rio Tinto secures Bell Bay aluminium smelter operations till 2031

Global miner Rio Tinto said on Thursday it has reached agreements with the Australian and Tasmanian governments to secure the ongoing operation of its Bell Bay Aluminium smelter in northern... 

US senators hit deal on energy project permitting bill, vote after midterm elections

US senators from both parties said on Wednesday they have reached a deal to reform laws on the permitting of large energy and infrastructure projects, though a vote will not occur before the... 

Australia's Lynas Rare Earths to buy Meteoric Resources for $672m

Australia's Lynas Rare Earths said on Thursday it would acquire Meteoric Resources in a A$968-million ($672-million) all-share deal for the Brazil-based miner, adding a new source of heavy rare... 

Bangladesh's coal turn is a fresh bad sign for LNG exporters

Bangladesh should be one of the global LNG industry's success stories, but instead it is a warning sign, a Reuters columnist states. Few countries better fit the profile of a future liquefied... 

Six years after a mining reboot, Egypt's gold ambitions start to take shape

Egypt's mining sector drew hundreds of millions of dollars in planned investments this week as companies seek gold and other minerals in a country often seen as one of Africa's most under-explored....