Mining

CEO of Australia’s PLS says government support could boost lithium supply chains

Nov 13, 2025 - 5:41 PM

KGHM profit rises on Sierra Gorda strength, higher prices

Nov 13, 2025 - 5:40 PM

Congo produces first 1,000t of traceable artisanal cobalt

Nov 13, 2025 - 5:35 PM

David Erfle on Mining’s M&A Wave, Copper Crunch, and Gold’s Next Phase

(Kitco News) – Consolidation in the mining industry is accelerating, but not every deal is winning investor support, said David Erfle, founder of JuniorMinerJunky. Speaking with Kitco Mining’s Digging Deep, Erfle warned that Coeur Mining’s planned US$7 billion all-share acquisition of New Gold, which would create a US$20 billion North American precious metals company, raises red flags for shareholders.

Nov 12, 2025 - 7:01 PM

Mineral Resources to sell 30% lithium JV stake to POSCO for $765M

Australia’s Mineral Resources will sell a 30% stake in its operational lithium business to South Korea’s POSCO Holdings for $765 million after placing it under a new joint venture, the miner said on Wednesday.The new entity will hold MinRes’ 50% ownership in the Wodgina and Mt Marion lithium mines, giving POSCO an indirect 15% interest in each of the projects.MinRes will remain the mines’ operator under its existing agreements with the respective partners.

Nov 12, 2025 - 3:42 PM

Guinea aims to launch Simandou-backed wealth fund in Q2 2026

Guinea plans to launch its first sovereign wealth fund by the second quarter of 2026 with an initial $1 billion, its planning minister said, as the West African nation moves to leverage a flood of revenues from its giant Simandou iron ore mine.The fund will channel resource income, including from the Simandou project launched this week, into long-term investments that will finance education, infrastructure, agriculture and industry, cushioning the economy against commodity price shocks.

Nov 12, 2025 - 2:44 PM

China’s vice premier attends Simandou launch in Guinea

China’s Vice Premier Liu Guozhong attended the commissioning ceremony of the Simandou iron ore mine project in Guinea this week, China’s official Xinhua news agency reported on Wednesday.With annual production capacity expected at 120 million metric tons, the 75% Chinese-owned project in the West African nation is set to be the world’s largest mine for the highest grade of iron ore, key to the green transition in the global steel value chain.

Nov 12, 2025 - 12:57 PM

Solvay seals two deals to supply rare earths to US magnet makers

Chemicals group Solvay has agreed two deals to supply rare earths to US magnet makers as it seeks to ramp up its processing plant in France, the company said on Wednesday.Solvay, one of a few companies outside of China capable of the complex rare earths separation, in April launched modest processing of minerals needed for permanent magnets at its French plant, but said commercial production would depend on support from customers and governments.Solvay concluded agreements with US companies Noveon Magnetics and Permag to supply rare earth oxides, separate statements said.

Nov 12, 2025 - 12:53 PM

EU aluminum buyers scramble as Iceland outage hits, carbon tax looms

European aluminum importers are racing to secure supplies of the metal following an outage at a key smelter in Iceland and before a new carbon tax comes into force, pushing premiums to a nine-month high.The European aluminum duty-paid premium, which buyers on the physical market pay over the London Metal Exchange price to cover taxes, freight and handling costs, is currently at $324 a ton. It hit $330 on November 3, the highest since late January.

Nov 12, 2025 - 12:49 PM

Guinea aims for global high-grade iron ore leverage with Simandou launch

Guinea is seeking to keep global prices for premium iron ore high, senior officials said, as output from its giant Simandou project, expected to peak at some 120 million metric tons a year, heads to the market this month.That may put it at odds with the mine’s main owner and customer, China, which consumes more than 70% of the steelmaking material globally, and has moved to centralize imports and drive down prices.Simandou is 75% Chinese-owned, meaning three-quarters of its output will head to China.

Nov 11, 2025 - 2:35 PM

Copper output from Codelco slips 7% in September

Copper production from Chilean state-run miner Codelco slid more than 7% in September, data from copper commission Cochilco showed on Monday, falling to 115,600 metric tons.Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, climbed nearly 17% to 118,600 tons.At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output fell 26% to 38,000 tons.(By Kylie Madry and Fabian Cambero; Editing by Brendan O’Boyle)

Nov 11, 2025 - 2:34 PM

BHP to compensate Australian coal workers for Christmas shifts

BHP has been ordered by Australia’s Federal Court to compensate 85 coal mine workers employed by its labour hire arm in Queensland for unlawfully requiring them to work Christmas and Boxing Day holidays without providing a reasonable right of refusal, the Mining and Energy Union said on Tuesday.The workers have been compensated between A$800 ($520) and A$2,400 each, for being required to work the public holidays in 2019 at BHP’s Daunia mine. It sold the mine to Whitehaven last year.BHP was penalized a further A$15,000 payable to the Mining and Energy Union (MEU).

Nov 11, 2025 - 2:32 PM

Australia watchdog sues AVZ Minerals over Congo disclosure breaches

Australia’s corporate regulator said on Tuesday it has sued AVZ Minerals and two of its directors, alleging the miner failed to disclose an escalating legal dispute with the Democratic Republic of the Congo over its stake in a lithium project.The Australian Securities and Investments Commission (ASIC) accused the Perth-based company of breaching disclosure obligations and engaging in “misleading and deceptive conduct” by withholding information about the dispute.

Nov 11, 2025 - 2:30 PM

Marubeni to invest in Australian critical minerals project

Japan’s Marubeni Corp will invest in a mineral sands project owned by Australia’s RZ Resources, it said on Monday, following in the footsteps of compatriot JX Advanced Metals, which struck a similar deal with RZ earlier this year.If the project’s feasibility is confirmed, Marubeni will contribute A$15 million ($9.75 million) for options granting it up to 5% equity participation in RZ’s Copi mineral sands mine project in New South Wales along with certain marketing rights.

Nov 10, 2025 - 1:37 PM

Salzgitter says it has no plans to exit Aurubis

German steelmaker Salzgitter said on Monday it was not planning to exit its stake in copper producer Aurubis.Aurubis is a valuable part of Salzgitter’s business and brings “valuable EBITDA to the table”, chief financial officer Birgit Potrafki said.Salzgitter, which owns 29.99% of Aurubis, said in October it would sell 500 million euros ($583 million) worth of bonds that could be exchanged for 7.6% of Aurubis’ stock, quenching simmering takeover speculation.($1 = 0.8575 euros)(By Emanuele Berro and Bernadette Hogg)

Nov 10, 2025 - 1:31 PM

Aqua Metals partners with Westwin to strengthen US nickel supply chain

Aqua Metals said on Monday it has signed a non-binding letter of intent with Westwin Elements, the only major US nickel refinery, to supply up to 1,000 metric tons of recycled nickel carbonate a year starting in 2027.The potential deal, valued at around $12 million annually based on current nickel prices, aims to strengthen domestic production of critical minerals used in batteries and clean energy systems.

Nov 10, 2025 - 1:20 PM

Guinea to fast-track alumina, iron ore processing, minister says

Guinea will fast-track the development of alumina refineries and iron ore pellet plants to end decades of raw ore exports, its mines minister told reporters, as the country prepares for the first shipments from its huge Simandou iron ore mine this week.In-country alumina and iron ore processing could transform Guinea’s economy by creating industrial jobs and reducing exposure to commodity price swings, the World Bank said in July.

Nov 10, 2025 - 1:17 PM

Mining

Barrick reports record Q3 earnings and cash flow, boosts dividend 25%

Toyota opens US battery plant, confirms $10 billion investment plan

US House report accuses China of minerals market interference

CEO of Australia’s PLS says government support could boost lithium supply chains

KGHM profit rises on Sierra Gorda strength, higher prices

Congo produces first 1,000t of traceable artisanal cobalt

David Erfle on Mining’s M&A Wave, Copper Crunch, and Gold’s Next Phase

Mineral Resources to sell 30% lithium JV stake to POSCO for $765M

Guinea aims to launch Simandou-backed wealth fund in Q2 2026

China’s vice premier attends Simandou launch in Guinea

Solvay seals two deals to supply rare earths to US magnet makers

EU aluminum buyers scramble as Iceland outage hits, carbon tax looms

Guinea aims for global high-grade iron ore leverage with Simandou launch

Copper output from Codelco slips 7% in September

BHP to compensate Australian coal workers for Christmas shifts

Australia watchdog sues AVZ Minerals over Congo disclosure breaches

Marubeni to invest in Australian critical minerals project

Salzgitter says it has no plans to exit Aurubis

Aqua Metals partners with Westwin to strengthen US nickel supply chain

Guinea to fast-track alumina, iron ore processing, minister says