Indonesia says nickel reserves enough for expansion, despite moratorium call
Indonesia’s nickel reserves are sufficient for expanded processing operations, an investment ministry official said on Wednesday, amid calls from a miners’ group to curb construction of new smelters to ease a global glut.
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Visit: 28
A leadership battle is brewing at deep sea mining’s regulatory body
The secretary-general of the International Seabed Authority is set to run for a third term leading the United Nations-affiliated organization that regulates deep sea mining, as control of mineral resources used to make electric car batteries becomes a focus of US-China rivalry.
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Visit: 33
First Quantum hopes new Panamanian leader brings fresh look to disputed copper mine
First Quantum Minerals said on Monday it is looking forward to talks with Panama’s new government to find a resolution to the Canadian company’s disputed Cobre Panama mine.
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Visit: 27
BHP bombshell puts South African mining in a hole
BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival Anglo American would see one of the Rainbow Nation’s most familiar companies largely withdraw from the country more than a hundred years after it was founded. The question is whether the government in Pretoria can stop the $39 billion transaction – and whether it should.
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Visit: 35
Strong copper price reviving Peru’s mining mojo
Peru’s dented mining mojo, hit by years of political turmoil in the Andean country, is being buoyed by strong copper prices and a bullish outlook they will rise further, helping lure back investor interest, the country’s mining minister said on Friday.
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Visit: 51
Anglo CEO meets South Africa mines minister after BHP’s takeover proposal
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.
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Visit: 50
Adani flagship’s profit drops, gets queried by Indian regulator
Adani Enterprises Ltd., which posted a 38% fall in quarterly profit, said India’s markets regulator has queried it about possible violations.
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Visit: 44
Chinese miners see opportunities as BHP’s mega bid unfolds
China’s leading metals companies, including its state iron ore buyer, are considering their next moves following BHP Group’s blockbuster $39 billion approach for rival Anglo American Plc, potentially the largest mining deal in over a decade.
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Visit: 44
Congo M23 rebels claim control of smartphone mineral mining town
M23 rebels in eastern Democratic Republic of Congo have taken control of Rubaya, a key mining town for the smartphone mineral coltan, following days of intense fighting, a rebel spokesman said.
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Visit: 35
Senate passes Russian uranium import ban, sending to Biden
The Senate voted Tuesday evening to approve legislation banning the import of enriched uranium from Russia, sending the measure to the president. President Joe Biden plans to sign it into law soon, according to the White House.
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Visit: 56
US, Philippines eye agreement to cut China nickel dominance
The US and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries.
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Visit: 42
White House eyes Russian uranium import ban while House bill stalls
The Biden administration is considering banning imports of enriched Russian uranium using executive authority as congressional efforts to block the Kremlin’s shipments of the reactor fuel stall, people familiar with the matter said.
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Visit: 40
Anglo’s stumbles have made it prey for mining’s biggest predator
When former boss Mark Cutifani left Anglo American Plc in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day.
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Visit: 51
Mining stoppage adds to Eramet’s New Caledonia woes
Eramet subsidiary SLN’s nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output.
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Visit: 24
Zimbabwe names new mines minister in mini-reshuffle
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
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Visit: 91
China’s Zhaojin Mining buyout offer for Tietto Minerals now unconditional
China’s Zhaojin Mining Industry said on Wednesday that its A$733 million ($477.8 million) offer to buy Australia’s Tietto Minerals has become unconditional.
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Visit: 81
OceanaGold prices $106 mln IPO of Philippine unit
Toronto-listed miner OceanaGold Corp said on Wednesday it will raise 6.08 billion pesos ($106 million) through an initial public offering (IPO) of its Philippine unit, the first listing in the Southeast Asian nation in 2024.
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Visit: 81
China copper gauge at zero offers stark warning to metals bulls
A key measure of Chinese copper demand just sank to zero, another indication that global prices are not balanced with what buyers in the biggest market are prepared to pay.
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Visit: 66
Lower iron, nickel and copper prices weigh on Vale’s quarterly earnings
Brazilian miner Vale on Wednesday said lower prices for iron ore, nickel and copper in the first quarter dragged down earnings compared to the year before, as it posted net profit slightly below analyst estimates.
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Visit: 43
Nigeria revokes 924 dormant mining titles, seeks new investors
Nigeria has revoked 924 dormant mining titles immediately and invites investors to freely apply for the affected licences which will be offered on a “first come, first served” basis, its minister of mines said on Wednesday.
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Visit: 29
Zimbabwe names new mines minister in mini-reshuffle
Zimbabwe’s President Emmerson Mnangagwa has re-appointed Winston Chitando as the southern African nation’s mines minister, a post he held before last year’s elections.
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Visit: 42
Why climate change is leaving mining firms between a rock and a hard place
For most of us, when we think about mining and the environment, it tends to be about water and air pollution, disasters such as the fatal collapse of tailings dams, or the global warming consequences of coal mining.
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Visit: 48
Airbus wins reprieve from Canadian sanctions on Russian titanium
Canada has granted Airbus a waiver to allow it to use Russian titanium in its manufacturing after becoming the first Western government to ban supplies of the strategic metal in the latest package of measures triggered by the war in Ukraine.
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Visit: 76
Iron ore price weakens amid waning China stimulus hopes, high portside stocks
Iron ore futures prices ticked lower on Monday, weighed down by diminishing hopes of more stimulus in top consumer China, high portside stocks, and risks of possible government intervention after a price rally last week.
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Visit: 120
Potanin’s Interros calls Rusal claims about Nornickel asset sales ‘unfounded’
Interros, Nornickel’s largest shareholder, on Monday called allegations by fellow shareholder Rusal about undervalued asset sales unfounded, the latest step in a long-running dispute between two of Russia’s biggest metals firms.
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Visit: 86