Lynas Rare Earths’ revenue slumps, misses expectations

Australian miner Lynas posted a slump in third-quarter sales revenue on Wednesday, missing analyst expectations on the back of a plunge in prices for rare earths, while it flagged higher costs at a project in Western Australia.

Peabody falls as production issues, weather crimp coal sales

Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter sales will be lower than expected due to production issues at mines in Australia and weak demand in the US.

Fleet Space launches Centauri-6 satellite on SpaceX’s Bandwagon-1 mission

Australian space exploration company Fleet Space Technologies has successfully deployed its next-generation Centauri-6 satellite on SpaceX’s Bandwagon-1 mission, launched aboard a SpaceX Falcon 9 from Launch Complex 39A at the Kennedy Space Center in Florida on Sunday.

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.

US awards record $6bn to back industrial emissions reduction projects

The US Energy Department on Monday announced $6 billion in federal funding to subsidize 33 industrial projects in 20 states to cut carbon emissions, saying the investment would support well-paying union jobs and boost US competitiveness.

Indonesia understates methane emissions from mining, report says

Methane emissions from Indonesia’s expanding coal mining sector are significantly underreported, jeopardizing the nation’s international climate commitments, according to new analysis from energy think tank Ember.

Nine gold miners missing in Turkey after landslide

Nine miners were still missing eight hours after a landslide at an Anagold Mining operation in eastern Turkey on Tuesday, the energy ministry said, with rescue efforts underway.

South32 misses output estimates, puts Colombia nickel unit under review

Australian miner South32 logged an unexpectedly sharp drop in metallurgical coal production and put its nickel operations under review, saying it was focused on costs given a slowdown in the global economy that has hurt commodity prices.

First Quantum shareholder SailingStone told miner about ‘missed opportunities’

SailingStone Capital Partners, one of First Quantum Minerals’ FM.TO largest shareholders, said on Monday it had told the Canadian miner about historic “missed opportunities” in the management of its balance sheet and a range of options to bring down its leverage.

US miners miss out on tax credit granted to processors

Mining News Pro - The US has spelled out new rules for tax credits manufacturers can receive for domestically producing parts necessary for the energy transition — and there’s a clear divide for miners and processors.

EU Commission proposes Russian diamond ban

Mining News Pro - The European Commission has proposed a ban on imports of diamonds and liquid petroleum gas from Russia and also to tighten implementation of a price cap on Russian oil as part of new sanctions against Moscow, EU diplomats said on Wednesday.

At least 32 dead, 14 missing after ArcelorMittal mine fire in Kazakhstan

Mining News Pro - At least 32 people have died and 14 remain missing after a mine fire in Kazakhstan, the Ministry for Emergency Situations said on Saturday.

Newmont misses profit estimates, Penasquito return underway

Mining News Pro - Newmont on Thursday missed Wall Street estimates for third-quarter profit as the world’s largest gold miner struggled with weak production stemming from a labor strike at its Mexico mine.

Researchers monitor emissions from Africa’s Copperbelt mines from space

Mining News Pro - A new study led by the US National Center for Atmospheric Research (NCAR) found that emissions associated with mining operations in Africa’s Copperbelt can be quantified from space.

Some EU states baulking at streamlined mine permitting, says commissioner

Mining News Pro - Some European Union members are pushing back on efforts to streamline the application process for new mines and processing plants for critical minerals under proposed legislation, a European Commission official said on Tuesday.

Big Oil, heavy industry discuss emission curbs ahead of COP28

Mining News Pro - Major oil and gas company chiefs held discussions with heavy industry bosses on Sunday in the United Arab Emirates in an effort to agree a firm commitment to reduce carbon emissions ahead of a United Nations climate summit next month.

Australian coal miner’s plans may double its methane emissions

Mining News Pro - Whitehaven Coal Ltd.’s plans to expand its mining operations could double the Australian company’s methane emissions by the end of this decade, according to an analysis from energy think tank Ember, undermining the nation’s global climate commitments.

Mongolia, Rio Tinto have resolved nearly all copper mine tax issues

Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.

Mongolia, Rio Tinto have resolved nearly all copper mine tax issues- PM

Mining News Pro - Mongolia has settled almost all of its outstanding tax issues with Rio Tinto over development of the giant Oyu Tolgoi copper mine and is confident that the remaining issues will be resolved, the country’s prime minister told Reuters.

Indonesia’s EV mission will be trickier than just mining nickel

Mining News Pro - Indonesian President Joko Widodo is trying to set his nation on course to become a global hub of electric vehicle production. That won’t be an easy task.

Rio Tinto profit misses on iron ore price slump, cuts dividend

Mining News Pro - Rio Tinto’s first-half underlying earnings fell to their lowest in three years as easing iron ore prices offset an uptick in shipments from its Pilbara operations, it said on Wednesday, while also announcing a dividend cut

Newmont misses profit estimates on mining disruptions, higher costs

Mining News Pro - Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world’s largest gold miner down on Thursday.

Finniss lithium farewells second spodumene shipment

Mining News Pro - Core Lithium has delivered its second shipment of spodumene concentrate to Darwin Port, ready for shipment to Zhangjiagang in China.

Rio Tinto says China’s economy faces a ‘big real estate issue’

Mining News Pro - Miner Rio Tinto Group sees a host of near-term economic challenges in China, including in the country’s real estate industry, but reaffirmed its positive medium- and long-term outlook.

Huayou commissions $300 million Zimbabwe lithium plant

Mining News Pro - Zhejiang Huayou Cobalt on Wednesday commissioned a lithium concentrator in Zimbabwe as it seeks to consolidate its position as one of the world’s top battery materials producers.

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