BHP begins review to rank unprofitable Australian coal mines

Australia-headquartered BHP Group and Mitsubishi Development have launched a review process to rank the financial health of their coal mines and assets in Queensland after raising concerns about... 

South Africa steel needs demand not belligerence, regulator says

The key to rescuing South Africa’s ailing steel industry, in which a unit of ArcelorMittal South Africa (AMSA) is feuding with smaller competitors, is by growing demand rather than fixating on... 

LME at record high on aluminum 'black hole' fear

Industrial metals have jumped to a record high on the London Metal Exchange (LME), driven gains in aluminum after the Middle East war disrupted supplies, as well as a recent revival in copper. The... 

Billionaire Gina Rinehart partly loses iron-ore legal battle

Hancock Prospecting, the private company of billionaire Gina Rinehart, has partly lost a decade-long legal battle with Wright Prospecting over royalties, but will retain ownership of a major... 

Asian LNG imports plummet to six-year low on Middle East crisis

Asian liquefied natural gas imports have dropped to the lowest in almost six years as the conflict in the Middle East chokes supplies and forces buyers to curb consumption. The 30-day moving... 

EU, US considering critical minerals deal to combat Chinese control

The European Union and US are nearing an agreement to coordinate on producing and securing critical minerals, as part of a push to break reliance on Chinese supplies. The potential deal would... 

Iron-ore slides after incoming BHP chief sighted in Beijing

Iron-ore slid to its lowest in a month after a report that BHP Group’s incoming CEO had met with Chinese executives in Beijing this week, a possible sign that frosty relations between the mining... 

Barrick willing to shuffle assets as it eyes North American spinoff

Global miner Barrick Mining Corporation plans to reduce its exposure to higher-risk jurisdictions and signaled openness to top-tier acquisitions, as it prepares to spin off its prized North... 

Goldman warns on copper as Iran war threatens global economy

Copper is vulnerable to further declines if the Strait of Hormuz remains blocked, Goldman Sachs Group warned as metals markets brace for President Donald Trump's deadline for Iran to agree a deal... 

Iran amplifies LNG shortage by blocking passages through Hormuz

Iran has yet to allow a single carrier loaded with liquefied natural gas (LNG) to pass through the Strait of Hormuz in weeks of war, according to traders involved in the transit, a ban that risks... 

Australia passes law to trade, stock fuel alongside rare earths

(Bloomberg) -- Australia’s parliament passed legislation empowering the country’s export credit agency to physically buy, stockpile and sell fuels alongside critical minerals including rare earths,... 

South African stock index is heading for worst month since 2008

Johannesburg’s benchmark stock index is heading for its worst month in almost two decades, reeling from a double hit as the Iran war saps demand for emerging-market assets while plunging... 

Eldorado Gold plan to buy Foran opposed by Glass Lewis

A key proxy adviser firm recommended Eldorado Gold investors vote against its C$3.8-billion bid for Foran Mining, the latest roadblock after Eldorado’s third-largest shareholder called the takeover... 

Iran war’s gas supply shock pushes top consumers back to coal

A deepening conflict in the Persian Gulf has upended oil and gas markets. It may also have provided coal — the dirtiest fossil fuel — with its most significant boost in years. Climate negotiators... 

Codelco sees war disruptions adding 5% to cost of making copper

Top copper supplier Codelco expects disruptions from the Middle East war to lift its production costs by about 5%, offering one of the first quantified inflation estimates from a major mining... 

Fortescue chair urges China to end iron-ore buying strategy

Fortescue's executive chairman Andrew Forrest said China’s state-backed iron buyer should stop using tactics aimed at negotiating lower prices for the key steel ingredient. Speaking Wednesday on... 

Eskom ordered by court to disclose coal, diesel contracts

Eskom Holdings said it has been ordered by the Supreme Court of Appeal to disclose details of its coal, transport and diesel procurement contracts to activist group Afriforum. South Africa’s state... 

Zijin’s Congo lithium mine set to be among world’s biggest

The lithium mine Zijin Mining Group plans to open this year in the Democratic Republic of Congo is set to be one of the world’s biggest suppliers of the battery metal. The Chinese company – which... 

BHP sees potash heading toward deficit as demand outpaces supply

BHP Group, the world’s largest mining company, expects the global potash market to tighten over the next decade as demand grows and geopolitical risks strain fertilizer supply chains. With demand... 

Zijin Gold acquires control of Chinese rival for $2.6bn

The gold unit of Zijin Mining Group Co. will acquire a controlling stake in Chifeng Jilong Gold Mining Co. for 18.26-billion yuan ($2.64-billion), cementing the group’s status as China’s top miner... 

De Beers makes sweeping cuts to its elite diamond-buying club

De Beers has made one of the deepest ever cuts to its group of handpicked diamond buyers as the former monopoly grapples with a prolonged crisis roiling the industry, people with knowledge of the... 

Peru proposal to limit idle concessions sparks mining pushback

Peru’s mining industry is warning that a bill moving through Congress to halve the time to hold unused concessions would end up discouraging investment and favoring informal operators. “It’s a... 

Zijin’s investment unit aims to expand strategic metal portfolio

Zijin Mining Group, China’s biggest gold and copper producer, wants to invest in metals like tungsten and uranium, as the global bid to secure critical minerals drives prices higher. “We are... 

BHP’s next leader faces same problems in deal-obsessed industry

BHP Group has picked the continuity candidate for its next boss: A life-long company man who has spent quarter of a century at the biggest miner, honing his skills in iron-ore and copper, its most... 

Cobalt shortages driven by Congo curbs seen lasting through 2030

A global cobalt shortage is expected to persist through the end of this decade as export restrictions from top producer Democratic Republic of Congo impact the supply chain, according to trading... 

Munitions metal tungsten outshines gold, copper in 557% rally

A metal used in weapons and semiconductors is finding itself the subject of geopolitical tensions as Chinese export limits and rising military demand squeeze supplies, sending prices to record... 

JSW Steel wins rights to develop coking coal mine in Mozambique

JSW Steel, India’s biggest steelmaker by capacity, won rights to develop a coal mine in Mozambique’s Tete province, securing access to a key raw material used in steel manufacturing. The company’s... 

Mali to introduce special mining brigade to curb illegal output

Mali is establishing a mining task force with judicial powers to oversee gold mining and quarrying sites in the West African nation. The Brigade spéciale des mines will step up inspections and... 

China’s State iron-ore buyer summons traders on BHP restrictions

China’s state-backed iron-ore buyer has summoned traders and urged them to refrain from buying new BHP Group cargoes to sell to buyers in the country after they were found to be flouting a... 

Aluminium hits highest since 2022 as Alba declares force majeure

Aluminum prices surged to the highest since 2022 after Aluminium Bahrain suspended deliveries of metal to some customers under so-called force majeure clauses in its supply contracts. The company,... 

MMG profit more than triples on copper rally, strong output

MMG said profit more than tripled last year, buoyed by higher commodity prices and strong output at key mines, though still fell short of analyst estimates. The Chinese-owned mining company’s net... 

BHP says Australian coal mines can’t compete for capital

BHP Group told workers at its vast coal operations across Queensland that the mines can no longer “compete for investment” and the company was receiving no returns from the projects. The mines in... 

Lithium producer SQM sees global demand growing 25% this year

Top lithium producer SQM said it sees world demand for the battery metal growing about 25% this year, after reporting record quarterly sales volume as the industry emerges from a global glut. The... 

Aluminum jumps as Middle East war threatens supply disruptions

Aluminum climbed on concerns that critical supply routes for Middle Eastern producers will be disrupted by conflict in a region responsible for a significant share of global output. Prices for the... 

Niche Australian metals miner Lynas has grown bigger than Qantas

Lynas Rare Earths has overtaken Australian blue-chip stalwart Qantas Airways by market capitalisation, as concerns about China’s dominance of critical minerals lift the miner’s stock. Both... 

World No. 2 gold miner is ‘willing to move’ on M&A, CEO says

Agnico Eagle Mines CEO Ammar Al-Joundi said the gold producer is “very well-positioned” to pursue acquisitions should opportunities emerge, signaling a renewed openness to deal-making after years... 

Goldman expects wave of South Africa deals fuelled by commodities

Goldman Sachs Group expects a busy year of deals for South Africa as the continent’s largest economy starts to benefit from structural reforms and rides a commodities-boom wave. “We expect activity... 

A years-long push to unite Glencore and Rio fell apart in a day

For more than a decade, it was the deal mining billionaire Ivan Glasenberg had sought more than any other: putting Glencore — the sprawling commodity trader-cum-miner he built — together with... 

Vale eyes 1Mt/y copper output

Vale’s base metals unit wants to eventually produce one-million tons of copper by developing existing assets, exceeding an output target for 2035. Major mining firms such as Anglo American and Rio... 

BHP risks $2bn hit from dispute with CMRG, Goldman says

BHP Group could face up to $2-billion hit from pricing pressures after China restricted its Jimblebar iron-ore, as discounts widen and lump premiums collapse, according to Goldman Sachs Group. The...