Barrick’s Mali mine feeds Russian war machine, advocacy group says
Barrick Gold faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia.
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Copper price slips as Chinese demand outlook comes into focus
Copper slipped after initially extending gains above $10,200 a ton as traders turned their attention to demand conditions in China.
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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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Gold price fluctuates as market focuses on Fed meeting
Gold wavered as traders looked ahead to a week with a Federal Reserve rate decision meeting and key US jobs data.
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Iron ore price retreats on weak Chinese industrial data
Iron ore futures prices fell on Monday after weak industrial data in top consumer China and the completion of of pre-holiday restocking by steelmakers ahead of May Day.
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Australian Strategic gets debt funding for rare earths project
Australian Strategic Materials ASM.AX said on Friday it has received a non-binding letter of interest for a debt funding package of up to A$400 million ($260.84 million) from Canada’s official export credit agency.
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Congo questions Apple on concerns about use of conflict minerals
The Democratic Republic of Congo’s government notified Apple Inc. of concerns that the company’s supply chain may be tainted by conflict minerals sourced from the central African nation.
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LME takes aim at traders’ Russian metal games with new rules
The London Metal Exchange is imposing new rules surrounding the movement of metal in its warehousing network, taking aim at a lucrative and complex trading opportunity that emerged after the imposition of sanctions on Russian metal earlier this month.
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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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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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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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Russian court orders Glencore to pay shares worth 114.8m euros in Sberbank lawsuit
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 billion roubles, or some 114.8 million euros, worth of shares in a lawsuit filed by Sberbank, according to the court.
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Chile indigenous communities suspend dialogue with SQM, Codelco over lithium
The four largest indigenous communities in Chile’s Atacama salt flat suspended dialogue with state-run copper giant Codelco and lithium miner SQM over expanding lithium mining in the flat, the groups said in a statement on Monday.
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Native American group seeks to overturn US court ruling on Rio’s Arizona copper mine
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted land to Rio Tinto for a copper mine in Arizona, saying the land was sacred and culturally significant.
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Elder hurt in clash between Argentinian Indigenous community, police over mining project
Representatives from the Peñas Negras Indigenous community, in northwestern Argentina, clashed with heavily armed police officers who were escorting Elevado Gold personnel up the Alto de Salle hill, in the Catamarca province.
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LME bans Russian-origin metal after UK, US impose new sanctions
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new US and UK sanctions imposed for Russia’s invasion of Ukraine.
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Iron ore price drifts higher as soft China data triggers stimulus hopes
Iron ore futures prices drifted higher on Thursday as the latest soft data from top consumer China triggered renewed hopes of more stimulus in the second quarter to underpin its economy.
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Trafigura is using late founder as scapegoat on bribes, son says
The family of Trafigura Group’s late founder Claude Dauphin has accused the trading house of using him as a “scapegoat” in its US corruption case, in an unprecedented public rebuke.
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Lithium market struggles to recover after epic boom and bust
A stuttering recovery in lithium prices is providing a fresh reminder of why the dramatic rally of recent years was followed by an even more breathtaking collapse: a fast-expanding industry that is more prepared than ever to keep pumping out supplies.
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The currency required for the development plans of the National Iranian Copper Industry Company will be provided
Mining News Pro - The CEO of the National Iranian Copper Industries Company announced the supply of foreign currency needed for the development plans of this company with the aim of increasing exports to 4 billion dollars per year and said: This support is in the form of 6 currency packages with a total value of 5.6 billion euros in a period of 4 years by the bank.
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US, EU set to miss critical minerals agreement this week
A US and European Union push to reach an accord on fostering critical mineral supply chains is set to miss another target this week, according to people familiar with the discussions.
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Deutsche Bank says Glencore may weigh listing move to US
Glencore Plc may consider switching its primary listing from London to New York, analysts at Deutsche Bank AG predicted, in what would be the most high-profile exit from the UK exchange to date.
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NextSource applies to build graphite plant in Mauritius
NextSource Materials has submitted an application to build a downstream battery anode facility (BAF) to process graphite in the African island nation of Mauritius.
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Nippon Steel emphasizes its ‘deep roots’ in the US as it pursues US Steel deal
Nippon Steel intends to pursue its proposed acquisition of US Steel and wants its “deep roots” in the United States to be recognized, its new president said – remarks that come after US President Joe Biden expressed opposition to the deal.
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Russia confirms deal to buy part of Alrosa’s output
Russia will regularly buy diamonds from sanctions-hit producer Alrosa through a state fund, the finance ministry said on Thursday, a move that suggests Western restrictions on Russia’s diamond exports may be having some impact.
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