Guinea, Emirates Global agree on alumina plant deal
Guinea Alumina Corporation, a unit of Emirates Global Aluminum, signed a preliminary agreement with the Guinean government for the construction of an alumina refinery.
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Visit: 37
Codelco reaches agreement with Andina mine workers
Chilean state-run miner Codelco said on Friday that it had reached a collective contract agreement with the union representing workers at its Andina mine ahead of schedule, averting the threat of a strike at the site.
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Visit: 34
China’s central bank paused gold purchases in May after 18 months of buying
China’s central bank paused gold purchases to its reserves in May, when spot gold prices hit a record high, after 18 months of consecutive purchases, official data showed on Friday.
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Visit: 35
Zambia sees KoBold spending $2.3 billion on giant copper mine
KoBold Metals, the Bill Gates-backed mining exploration company, could spend $2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company.
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Visit: 39
New copper fund revives controversial product
Sprott Inc. has launched a $100 million fund that will buy and hold physical copper, marking a comeback for a class of investment product that has in the past been highly controversial among investors and regulators.
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Visit: 40
Copper’s spike isn’t justified by fundamentals, Trafigura says
Copper’s recent surge to a record wasn’t justified by real-world supply and demand, according to Trafigura Group — the top copper trader and usually one of the market’s most bullish voices.
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Visit: 15
Antofagasta to invest $1.5bn for water transport system at Chile copper mine
London-listed Antofagasta on Wednesday signed a $1.5 billion investment deal to improve water supply at its Chile mining operations.
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Visit: 49
Gold purchases by central banks were strong in April despite high prices
Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite from the sector despite high prices for the metal.
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Visit: 45
Copper price falls through $10,000 as exchange inventories keep rising
Copper fell below $10,000 a metric ton as traders weighed a sharp rise in global inventories and soft US job openings data that reinforced bets that the Federal Reserve will be able to cut interest rates this year.
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Visit: 46
MMG plans to raise $1.16bn to repay debt, fund mine development
China’s MMG said on Tuesday it plans to raise about HK$9.08 billion ($1.16 billion) through a rights issue to repay existing debt, allowing the Hong Kong-listed company to better support the ongoing development of its operating mines.
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Visit: 50
South Korean, African leaders pledge deeper ties, critical mineral development
South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources.
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Visit: 48
CNGR looks to snap up more lithium projects in Argentina
CNGR Advanced Material Co., a Chinese battery-component maker and Tesla Inc. supplier, is looking to buy major stakes in Argentina brine deposits to extend its foray into the lithium-rich region as it builds its own supply chain outside the Asian nation.
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Visit: 50
Tianqi weighs bid to protect interests in Chile’s SQM-Codelco lithium deal
China’s Tianqi Lithium, a major shareholder in Chile’s SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco.
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Visit: 38
Copper leader Chile posts worst monthly output in over a year
Chile registered its lowest month of copper production in more than a year, undermining the top-producing nation’s recovery from its first annual decline in two decades.
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Visit: 62
The home of Malbec wine makes a play for copper in Argentina mining revival
Argentina’s Mendoza province, known for Malbec vineyards that draw tourists from across the world, is moving to spur exploration of its copper deposits long shunned by prospectors due to restrictions and red tape.
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Visit: 47
Anglo starts formal divestment of coal, nickel after rebuffing BHP
Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, chief executive Duncan Wanblad said on Thursday.
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Visit: 62
Iron ore price slips after China reiterates steel output control
Iron ore futures prices slipped on Thursday, undermined by fears of falling demand in top consumer China in the remainder of the year after Beijing reiterated its stance on continuing to control crude steel output in 2024.
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Visit: 48
LME brand approval cements Indonesian nickel ascendancy
The London Metal Exchange (LME) has approved the listing of the first ever Indonesian brand of refined nickel.
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Visit: 62
Codelco reaches collective agreement with unions
Chilean state-owned Codelco said on Thursday it had reached a collective contract agreement with two workers’ unions representing employees at its Andina mine ahead of a planned deadline, helping avert the risk of a strike at the site.
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Visit: 61
Botswana flags synthetic gem threat ahead of $6 billion diamond project launch
Botswana’s President Mokgweetsi Masisi on Wednesday called synthetic gems a threat to the country’s economic lifeblood, as the government readies to launch a $6 billion project to extend the life of its flagship Jwaneng diamond mine.
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Visit: 58
Botswana wants quick separation of De Beers from Anglo
Botswana is hoping for a quick separation of De Beers from the Anglo American Plc group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi Masisi said on Wednesday.
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Visit: 65
Iron ore price falls to one-week low as weak fundamentals outweigh latest property stimulus
Iron ore futures prices flipped to its lowest level in a week on Tuesday after making gains earlier the session, on investor caution as steel demand remained subdued in top consumer China despite latest property stimulus.
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Visit: 41
Vulcan rejects Mexico’s ‘illegal expropriation’ of its investments
US construction company Vulcan Materials on Monday rejected what it considers the “illegal expropriation” of its investments in Mexico and said it remains open to a negotiated solution with the Mexican government.
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Visit: 81
South32 CEO Kerr says open to buying joint Anglo American manganese assets
Australian diversified miner South32 is open to buying Anglo American’s share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr said on Thursday.
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Visit: 59
Rio Tinto faces lawsuit over Panguna copper mine in Bougainville
Thousands of people in Bougainville, an autonomous region of Papua New Guinea, have filed a class action lawsuit against Rio Tinto Plc and its former unit Bougainville Copper Ltd. over what they say is historical mismanagement of the massive Panguna copper mine.
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Visit: 49