Indonesian tycoon Haji Isam lobs low-ball bid for coal miner Bayan

Coal miner Bayan Resources has received a bid from Indonesian tycoon Andi Syamsuddin Arsyad that values the coal miner at a fraction of its market value, according to people familiar with the... 

Albemarle Chile workers to vote on deal to avert lithium strike

Top lithium supplier Albemarle Corporation reached a preliminary wage agreement with union leaders in Chile on the final day of mediated talks before a strike was due to begin, the union said. The... 

Ivanhoe talking to big tech as congo copper project expands

Mining tycoon Robert Friedland said he’s fielding “unconventional interest,” including from US Big Tech, in Ivanhoe Mines’ fast-expanding copper exploration project in the Democratic Republic of... 

World's biggest money managers are rebuilding gold positions

Some of the world’s biggest money managers have rebuilt their gold holdings after prices dropped, betting that long-term drivers of the precious metal will endure even as the US Federal Reserve... 

IDC to sell its stake in Namibian uranium mine

South Africa’s Industrial Development Corporation (IDC) plans to sell its stake in a Namibian uranium project because the mine’s backers include Iranian and Russian entities. The IDC owns about... 

Zambian State mine investor eyes $1.8bn in small-scale gold mining push

Zambia’s State-controlled mining investor expects to unlock more than $1.8-billion from the country’s small-scale gold industry by adopting Ghana’s model for formalizing the sector, its chief... 

Radiant World and its founder sued for $34m in Singapore

Radiant World Corp and its founder are being sued in Singapore’s High Court by a local trade-finance firm, which is registered as a creditor of Radiant World, adding to mounting legal pressure on... 

Anglo, Chinese entity in iron-ore deal

Anglo American has struck a yearlong supply deal with China’s State-backed iron-ore buyer, joining BHP Group among miners that have finalised an agreement with the group. South African producer... 

Mota-Engil said to win deal for US-backed Congo copper railway

Mota-Engil is set to sign a 30-year concession with the Democratic Republic of Congo to operate a key copper and cobalt railway, potentially backed with up to $1-billion of US financing. The deal... 

Owner of Indonesian coal mining giant Bayan Resources in talks over sale

The owner of Indonesia’s PT Bayan Resources is in talks to sell a majority stake in the $28-billion miner to a consortium led by a rival tycoon, in what could be one of the country’s biggest coal... 

Fortescue suspends executive over sexual harassment allegations

Australian miner Fortescue has suspended an executive over sexual harassment allegations, and engaged law firm MinterEllison to conduct an independent investigation into the matter. The incident... 

Tsingshan may triple output at its Zimbabwe steel plant

Tsingshan Holding Group is considering as much as tripling output at a Zimbabwe steel plant it started in 2024, an expansion that could add to pressure on South Africa’s struggling steel industry... 

Zijin says copper target under pressure after Congo mine flood

Zijin Mining Group said its full-year copper production target was under pressure due to flooding at a major Congolese mine, adding to global supply concerns as the metal trades near a record high.... 

Lithium miner PLS Group bullish on price outlook, eyes expansion

Australia’s biggest lithium producer PLS Group flagged a supply shortfall of the battery metal in the coming years and said it was nearing a final investment decision on expanding its capacity, as... 

Canada-focused lithium miner Elevra gets price floor for supply deal

North America-focused Elevra Lithium secured a price-floor structure in a deal to supply a new processing facility in Canada, as western countries seek to bolster their critical-mineral supply... 

Singapore authorities begin looking into trader Radiant World

Singapore’s police force has begun looking into Radiant World after receiving reports on the iron-ore trader, a spokesperson said on Thursday. A Radiant World spokesperson was not immediately... 

Gold miner Evolution open to more North America, Australia deals

Evolution Mining will consider acquisitions in Australia and North America and hasn’t ruled out buying assets from Northern Star Resources should they come to market. Evolution is looking at more... 

Korea Eximbank to lend $1bn to Glencore for copper supply

Export-Import Bank of Korea will lend $1-billion to commodities giant Glencore in exchange for copper supply to South Korean companies, as the country seeks to secure raw materials needed for the... 

Trump supporters imperil $4bn aluminium plant central to his industrial push

A cow wearing a gas mask is the first sign something may be amiss in Inola, Oklahoma. “Protect Our Farms. #StopTheInolaSmelter,” reads the text below the image, splashed across a billboard... 

CATL mine’s unclear future clouds China’s nascent lithium market

A year after Contemporary Amperex Technology’s flagship lithium mine was first shuttered, speculation over its fate is still driving wild price swings, prompting growing concerns among traders and... 

Anglo strikes year-long iron-ore deal with China’s State buyer

Anglo American has struck a yearlong supply deal with China’s State-backed iron-ore buyer, joining BHP Group among miners that have finalised an agreement with the group. South African producer... 

China’s coal-to-chemicals push pays off with record profits

China’s decade-plus quest to replace oil with coal in chemicals production is paying off for industry leader Ningxia Baofeng Energy Group, which pulled in record profits as crude prices soared... 

Lloyds Metals allowed to ready restart works for 40-year shuttered Papua New Guinea copper mine

An Indian iron-ore producer was authorized to work toward restarting a giant Papua New Guinea copper mine that’s been closed for almost 40 years and was once a flash point in a brutal civil war.... 

Rio Tinto aluminium smelter to get Australian gov bailout

The owners of Australia’s biggest aluminum smelter, including Rio Tinto Group, are set to receive a government bailout to keep the plant operating as it grapples with high energy costs, according... 

Guinea picks Glencore as offtaker for State-owned bauxite miner

Guinea picked Glencore as offtaker to buy bauxite produced by State-owned Nimba Mining Co, as the West African nation looks to manage more closely export flows of the aluminum feedstock. Glencore... 

Deutsche freezes Radiant World funds as miners move to cut ties

Radiant World is under growing pressure after two of its key banks froze its funds and major miners moved to cut ties with the iron ore trading house. Deutsche Bank and KBC Group have frozen some... 

Subianto's radical commodity export plan for Indonesia faces dueling visions

More than two months after President Prabowo Subianto unveiled plans to take control of Indonesia’s top commodity exports, the agency charged with carrying out the proposal is caught between... 

Sasol’s wartime windfall revives debate over coal’s future

Sasol, the world’s largest producer of fuel from coal, is reaping the benefits of a surge in fuel prices due to the Iran war, while helping shield its home market of South Africa from the resulting... 

US-backed group favored as investor in Tanzania nickel project

A US government-backed consortium has been picked as the favored candidate to invest in a large nickel project in Tanzania, as the Trump administration looks to fund new supplies of key metals.... 

Iron-ore hits one-year low on trader concerns and demand outlook

Iron-ore sank to the lowest level in more than a year amid concerns about a major physical trader of the commodity, which compounded existing market softness linked to a challenging demand outlook.... 

Europe’s key rivers are drying up as extreme heat impact widens

Europe’s biggest rivers, vital arteries for the region’s heavy industries, are drying up after the region was seared by a series of heat waves. As water levels in the Rhine and Danube fall toward... 

Central banks bought far less gold than thought at start of year

Central banks bought far less gold at the start of the year than previously thought, and while demand has since rebounded, their purchases are expected to decline this year, according to the World... 

Anglo said to be in talks to sell De Beers for about $1bn

Anglo American is discussing a deal worth about $1-billion to sell its De Beers diamond business, just a fraction of what the one-time diamond monopoly was once worth. Anglo has been looking to... 

Zambia bets on Pan-African metals exchange to boost mining wealth

Zambian President Hakainde Hichilema plans to spearhead the creation of a Pan-African minerals and metals exchange to help the continent capture greater benefits from its natural resources. The... 

Barrick evacuates Chile workers by helicopter after storm

Barrick Mining Corp said it safely evacuated workers who had been stranded in their Barriales camp in northern Chile after severe storms blocked road access. The workers are in “good health,” the... 

Chinese firms help Zimbabwe secure $300m for lithium mine

Mutapa Energy Resources, Zimbabwe’s State-owned lithium miner, has secured $300-million from a group of companies, which includes Chinese entities, to develop its facilities in the Southern African... 

Gas-rich Australian region backs $28bn data centre project

Australia’s Northern Territory has granted land to a major data center project that claims it could attract A$40-billion ($28-billion) in private investment. The region’s government awarded 185... 

Lynas' Pentagon rare earth supply deal draws Malaysia scrutiny

A Malaysian parliamentary group is scrutinizing ASX-listed Lynas Rare Earths' agreement to supply rare earths to the US, as lawmakers weigh implications for the nation’s foreign policy and... 

First Quantum said to seek sale of stake in giant copper project

First Quantum Minerals is in talks to sell a stake in one of the world’s biggest undeveloped copper projects as rival miners and strategic investors rush to boost exposure to the metal. First... 

Congo taps Portugal’s Mota-Engil to revive copper rail link

The Democratic Republic of Congo (DRC) approved a plan to partner with Portuguese construction company Mota-Engil SGPS on rehabilitating a key railway used for transporting copper and cobalt. The...