Oil execs say price swings make it hard to 'drill, baby, drill'

Activity in the US oil and gas sector in the key producing states of Texas, Louisiana and New Mexico increased in the first quarter of 2026 although output was steady for now, a survey released by... 

Iron-ore rises on Australia supply disruption concerns

Iron-ore futures rose on Thursday, supported by concerns over Australian supply disruptions due to the closure of ports in the Pilbara region following a cyclone. The most-traded May iron ore... 

Albemarle starts enviro review process for lithium extraction project in Chile

Albemarle said on Wednesday that it has started the environmental review process for its first project through direct lithium extraction (DLE) in Chile. The US based company, the world's largest... 

Australian energy, uranium seen in demand post Iran crisis - IEA

Australia is a crucial source of minerals, including for nuclear power, to help stave off a bigger supply shock than the world is currently facing in energy due to the Iran war, the head of the... 

Global energy crisis deepens; efforts to plug supply gap fall short, industry execs warn

HOUSTON - The global energy crisis is deepening as emergency measures by governments worldwide have fallen short of plugging the huge shortfall in oil and gas supply caused by the US-Israeli war on... 

US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say

Oil prices above $100 a barrel would not trigger a meaningful production increase in the US unless they stay elevated for more than a quarter, shale executives said at the CERAWeek energy... 

Goldman lifts Q2 aluminum forecast to $3 200 on supply disruptions

Goldman Sachs raised its second-quarter LME aluminum average price forecast to $3 200 a tonne from $3 100, citing supply losses from Middle East disruptions and the shutdown of the Mozal smelter in... 

Australia will have floor price for critical minerals reserve, Minister says

Australia will "no doubt" have an element of a floor price in its strategic reserve for critical minerals, Resources Minister Madeleine King said on Wednesday, as the resources rich nation looks to... 

Rio Tinto expects Resolution Copper mine to open by mid-2030s

Rio Tinto aims to open Arizona's Resolution Copper mine by the mid-2030s but may need to export some of its copper concentrate due to the challenging economics of smelting in the US, a senior... 

Coal India unit's $199m IPO fully subscribed on final bidding day

Central Mine Planning & Design Institute's (CMPDIL's) $198.7-million initial public offering was fully subscribed on the final day of bidding on Tuesday, helped by large institutional investors.... 

Iran war makes second phase of LNG Canada more likely, TC Energy CEO says

The disruption to global liquefied natural gas supplies caused by the Iran war makes it more likely that a second stage of Canada's massive LNG Canada facility will be built, the CEO of Canadian... 

South Africa's gold producers stay in the shallows as prices surge

Record gold prices are pushing South Africa's beleaguered mining industry to find new ways to recover the metal that sidestep the costly deep-shaft mining of old, industry executives said. But with... 

Santos temporarily shuts Darwin LNG plant amid Mideast supply squeeze

Australia's Santos said on Tuesday it has temporarily shut its Darwin liquefied natural gas plant, interrupting exports from a newly restarted supply chain at a time when markets are tightening due... 

Additional central banks to buy gold on geopolitical risks, WGC says

Gold's role as a hedge against dedollarisation and geopolitical risk is expected to spur central banks who have been absent from the market to buy the precious metal this year, a World Gold Council... 

US needs more energy development to power AI, Google president says

The US may not be scaling energy supplies fast enough to to meet the demands of the artificial intelligence expansion, Ruth Porat, president and chief investment officer of Google parent Alphabet... 

Chevron CEO says it will take time for energy to recover from Middle East production hit

Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing US-Israel war with Iran will return. "It will take time to come out of... 

Oil prices have not climbed enough to cause demand destruction, US energy secretary says

Global oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued... 

Freeport-McMoRan confident in copper demand despite Iran conflict, CEO says

Freeport-McMoRan expects demand for copper for use in electrification, data centers and other high-tech areas to remain resilient despite market jitters tied to the Iran conflict, CEO Kathleen... 

Russia's Nornickel sees new palladium demand from China’s fibreglass sector

Nornickel, the world's biggest palladium producer, said demand for the metal from China’s fibreglass industry could reach 0.8-million ounces per year over the medium term, helping offset an... 

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...