Australian energy exploration hits ten-year high in hunt for gas

Energy exploration has picked up sharply in Australia driven by growing Asian gas demand, technological advances and an improved investment climate, with the Iran war underscoring the urgency to... 

Chinese copper smelters baulk at spot-indexed ore pricing proposal

China's copper smelters are pushing back against a proposal from miner Antofagasta to link prices of raw material concentrate under term contracts to the spot market fearing the move will hit their... 

Canada, Japan consider critical minerals joint stockpiling in hunt for China alternatives

Canada and Japan are working on a range of mining projects, including potential joint stockpiling, Canada's Trade Minister told Reuters, as Japan moves to diversify supplies of critical minerals... 

Asia's thermal coal imports jump on China, Japan, S.Korea buying

Asia's imports of seaborne thermal coal are rebounding as China boosts purchases to compensate for soft domestic output and Japan and South Korea seek energy security amid the fallout from the... 

EU aluminium scrap export curbs delayed until September, group and sources say

The European Commission's plans to introduce measures to limit exports of aluminium scrap have been delayed until September, sector lobby group European Aluminium and other industry sources said.... 

IMF says it will take time for energy, commodity prices to normalize after US-Iran deal

The International Monetary Fund (IMF) said on Thursday it has seen energy and commodity prices fall since the US-Iran agreement to halt hostilities and reopen the Strait of Hormuz, but it will take... 

Alberta boosts LPG exports by rail as US summer demand booms

Railway exports of liquefied petroleum gases (LPG) from the Canadian production hub of Edmonton, Alberta, to refining and trading centers in the US are unusually high this summer owing to strong... 

Titan Mining signs lease with US Army for graphite processing

Canadian miner Titan Mining Corporation said on Thursday its subsidiary Empire State Mines received conditional US Army selection notices for enhanced-use leases at two US sites to develop graphite... 

Mining major BHP to split president Americas role into two positions

Mining major BHP will split its president Americas role into two positions, president North America and president South America, as part of the executive leadership team changes it announced on... 

Iron-ore heads for seventh weekly loss on swelling inventory, falling steel demand

Iron-ore prices fell on Friday and were headed for a seventh straight weekly loss, weighed down by swelling portside inventory and faltering steel consumption in top consumer China, as well as... 

Thousands feared dead after two major earthquakes strike Venezuela

Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and... 

Strikes, soaring costs and M&A await BHP's new CEO Craig

Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore strikes and ballooning costs to a potential uranium push and a febrile... 

Zimbabwe exploring minerals-backed deals with China to fund infrastructure, minister says

Zimbabwe is considering using its vast natural resources to fund road and railway construction projects with China, finance minister Mthuli Ncube said on Wednesday. The southern African nation,... 

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Bullion-backed exchange-traded funds (ETFs) could face renewed outflows if investors continue to increase their bets on interest rate hikes, analysts say — a factor that could pull already falling... 

Lithium producers bet on battery storage as demand shifts beyond EVs

The lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some electric vehicle (EV) markets, leading... 

Indonesia has not yet set full-year 2026 nickel quota, ministry says

Indonesia has not decided its nickel production quota for the entirety of 2026, the country's mining ministry said on Thursday, amid speculation that the quota would be increased. The government... 

Chile's Codelco to consider asset sales, partnerships in investment review

Chile's State-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader review of its investment priorities, chairperson Bernardo... 

Congo eyes co-ops, credit scheme to fund mine workers' equity stakes

The Democratic Republic of Congo is considering a plan to help mining employees acquire mandatory stakes in the companies they work for through worker cooperatives and company-financed credit, a... 

Green steel startup Stegra closes $1.6bn financing round

Swedish startup Stegra, which is building Europe's first hydrogen-fuelled steel plant, said on Wednesday its €1.4-billion ($1.6-billion) financing round led by a Wallenberg Investments consortium... 

China's foreign minister calls on BRICS to strengthen strategic minerals cooperation

China's Foreign Minister Wang Yi on Tuesday called on BRICS countries to jointly respond to global challenges from Ebola to AI, and strengthen cooperation on strategic mineral resources, according... 

Dubai exchange to launch same-day gold contract, targeting safe-haven flows

Dubai's commodities exchange will launch a same-day settlement gold contract on Monday, its CEO told Reuters, aiming to tap safe-haven demand and faster trading infrastructure to boost liquidity in... 

Aclara secures Chile environmental approval for Penco rare-earths project

TSX-listed Aclara Resources said on Tuesday it had received the final environmental greenlight for its Penco Module rare-earths project in Chile's Biobio region, a key step that moves the company... 

Petronas reports new major gas find at Suriname offshore block

Malaysia's State-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a... 

Rio Tinto sees lithium as fastest-growing division, executive says

Rio Tinto expects its lithium business to grow faster than its copper, iron-ore and other divisions as it works to triple production by 2028 for the electric vehicle and battery storage markets, an... 

India nears 50% domestic coal use in import-based power plants, sources say

India is increasing the use of domestic fuel to more than 50% at power plants designed to run on imported coal, as the world's second-largest thermal coal importer seeks to curb costly overseas... 

China's coal power on the rise again in 2026, reversing first-in-a-decade decline

China's coal-fired power generation is set to rebound this year from its first fall in a decade, analysts said, due to the impact of El Nino and the Iran war and as renewable sources of energy have... 

Botswana seeing soft recovery in diamond demand, mines minister says

Botswana is seeing a soft recovery in diamond demand in key consumer markets such as the US and China, its mines minister Bogolo Joy Kenewendo said on Tuesday, in part supported by a global... 

Energy Fuels strikes $1bn deal for German magnet maker to build mine-to-magnet supply chain

Colorado-based Energy Fuels said on Tuesday it would acquire German magnet manufacturer Vacuumschmelze for about $1.9-billion in cash and stock, building an integrated supply chain from rare earth... 

Miner Sinda kicks off US IPO roadshow with $1.9bn valuation target

Silver miner Sinda on Monday launched its U.S. initial public offering roadshow, targeting a valuation of up to $1.97 billion and contributing to what is shaping up to be a busy summer for stock... 

Alberta in talks with Japan on boosting Canadian crude imports

The government of Alberta, Canada's main oil-producing province, is in talks to export more crude oil to Japan and reduce that country's reliance on the Middle East, the province's Energy Minister... 

Iluka secures $1.2bn loan from Australia for rare earths refinery

Iluka Resources said on Tuesday that the Australian government has provided a A$1.65-billion ($1.15-billion) non-recourse loan to build the Eneabba rare earths refinery in Western Australia. Iluka... 

Australia's Ioneer ties up with two South Korean firms for Nevada lithium project

Australian lithium miner Ioneer said on Tuesday it has tied up with Korea Overseas Infrastructure & Urban Development and Hyundai Engineering to support the development of its Rhyolite Ridge... 

‘Pure’ New Zealand chases gold as record prices burnish allure

New Zealand is fast-tracking gold projects and courting mining investors as soaring bullion prices revive a sector long in decline, testing the country's "100% Pure" brand as the government looks... 

Iron-ore nears four-month low on prospects of rising supply, tepid demand

Iron-ore prices extended declines on Tuesday to hit a nearly four-month low, weighed down by prospects of rising shipments from major suppliers in the run-up to the end of the second quarter and... 

India pivots to Russian crude and coal to mitigate Iran war fallout

India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is... 

Woodside inks gas supply agreement with Alcoa Australia

Woodside Energy agreed to supply domestic gas to aluminium producer Alcoa Corporation's Australian unit from 2027 to 2030, the Australian energy major said on Tuesday. Under the deal, Woodside... 

BHP and Rio Tinto test Caterpillar's electric haul trucks in Pilbara

Mining majors BHP and Rio Tinto on Tuesday said they are testing Caterpillar's battery-electric haul trucks at BHP's Jimblebar iron-ore mine in Western Australia, as the top miners look to cut down... 

Orion CMC in advanced discussions for three Asian partnerships

Orion Critical Mineral Consortium (Orion CMC), a minerals investment group backed by the US government, is in advanced discussions to establish three new public-private partnerships in Asia as it... 

Fortescue says China president Liu Qing leaves after four months

Fortescue's president of China resigned earlier this month, just four months after taking over the position, the company confirmed on Tuesday. His departure comes as the world's fourth-largest... 

EU courts Brazil as strategic partner in global race for critical minerals

The EU is turning to Brazil as a strategic partner in its push to diversify its critical mineral supplies, offering a deal that it says will be beneficial to Brazil's development goals, EU...