Mining

Newmont reports record free cash flow in Q2 despite lower production teaser image

Newmont reports record free cash flow in Q2 despite lower production

(Kitco News) - Despite a year-over-year decline in gold output, Newmont Corporation—the world’s largest gold producer—reported record quarterly free cash flow in the second quarter, fueled by significantly higher gold prices and disciplined cost control.

Jul 24, 2025 - 4:57 PM

Freeport Reports $790M in Adjusted Q2 Earnings, Topping Estimates teaser image

Freeport Reports $790M in Adjusted Q2 Earnings, Topping Estimates

Jul 23, 2025 - 9:01 AM

Gold’s $3,000 breakout has redefined mining profits, but are investors paying attention? teaser image

Gold’s $3,000 breakout has redefined mining profits, but are investors paying attention?

Jul 22, 2025 - 4:23 PM

US prioritizes recovery of critical minerals from mine waste teaser image

US prioritizes recovery of critical minerals from mine waste

Jul 25, 2025 - 3:17 PM

China lithium futures rise 8% to hit six-month high teaser image

China lithium futures rise 8% to hit six-month high

Jul 25, 2025 - 2:58 PM

High prices stifle gold demand in top Asian hubs; India widens discount teaser image

High prices stifle gold demand in top Asian hubs; India widens discount

Jul 25, 2025 - 2:54 PM

White House taps mining expert to head national security office

The White House has tapped a former mining executive to head an office at the National Security Council focused on strengthening supply chains, three sources said, as a pared-down NSC zeroes in on a few of President Donald Trump’s most oft-stated priorities.David Copley, who was chosen earlier in the year to serve as the top mining official at the US National Energy Dominance Council, or NEDC, an interagency body chaired by the interior secretary, is now a senior director at the NSC, said the sources, who requested anonymity to discuss non-public personnel moves.

Jul 24, 2025 - 4:32 PM

Japan copper smelters face tough talks with global miners over processing fee

Japanese copper smelters face tough mid-year negotiations with global miners over treatment and processing charges (TC/RCs) as they wouldn’t be able to accept the very low terms that Chinese smelters agreed with suppliers, the Japan Mining Industry Association’s head said on Thursday.

Jul 24, 2025 - 3:08 PM

Anglo American’s copper, diamond production falls in first half

Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish.The London-listed miner still expects to mine 690,000-750,000 tons of copper this year, down from 773,000 in 2024. The metal is used in electrical wiring and its demand is expected to increase for electric vehicles and renewable energy infrastructure.The miner is restructuring its business to mainly focus on copper, as well as iron ore, following BHP’s failed attempt to take it over last year.

Jul 24, 2025 - 11:15 AM

US prioritizes recovery of critical minerals from mine waste teaser image

US prioritizes recovery of critical minerals from mine waste

The US Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from electric vehicles to high-tech weapons, from mine waste, coal refuse, tailings and abandoned uranium mines.Interior Secretary Doug Burgum directed his department to streamline federal regulations on the recovery of the minerals such as rare earths, lithium and cobalt from the waste.

Jul 24, 2025 - 11:11 AM

Chile bumps up copper price forecast, flags lagging Collahuasi output teaser image

Chile bumps up copper price forecast, flags lagging Collahuasi output

Top copper supplier Chile on Wednesday bumped up its outlook for prices of the red metal, though it flagged lagging output from a major mine operated by Glencore and Anglo American as weighing on economic growth.Finance Minister Mario Marcel, in a presentation to Congress, upped the government forecast for average copper prices for this year to $4.28 per pound, from $4.26 per pound previously.

Jul 23, 2025 - 5:54 PM

New Ghana mining laws to shorten licence periods, boost community investment teaser image

New Ghana mining laws to shorten licence periods, boost community investment

Ghana plans to shorten mining licence durations and mandate direct revenue-sharing with local communities in its most sweeping mining law reforms in nearly two decades, details of which were announced by a government minister on Wednesday.The planned overhaul reflects a broader trend across West Africa, where governments are rewriting mining codes to capture more value from rising commodity prices.

Jul 23, 2025 - 5:47 PM

Zimplats weighs reopening mothballed mine as prices rebound teaser image

Zimplats weighs reopening mothballed mine as prices rebound

Impala Platinum’s Zimbabwean business is considering reopening a mine mothballed in 1998, an official said on Wednesday, after platinum prices rallied to their highest level in more than a decade.Australia-listed Zimplats, 87% owned by Impala, took over the Hartley mine when it acquired assets previously owned by BHP in 2001.The mine was put under care and maintenance after failing to meet key production targets, Impala board chairperson Thandi Orleyn said during the commissioning of a 35 megawatt solar plant at Zimplats on Wednesday.

Jul 23, 2025 - 2:32 PM

Zijin leads race to buy Barrick’s Ivory Coast gold mine teaser image

Zijin leads race to buy Barrick’s Ivory Coast gold mine

China’s Zijin Mining is the front-runner to acquire Barrick Mining’s Tongon gold mine in northern Ivory Coast for up to $500 million, two sources close to the matter told Reuters.Barrick, the world’s third largest gold producer, is pivoting toward high-margin, long-life assets, with a growing focus on copper and strategic operations in Africa and the Middle East.

Jul 23, 2025 - 1:25 PM

Vale’s iron ore output rises 3.7% in second quarter teaser image

Vale’s iron ore output rises 3.7% in second quarter

Brazilian miner Vale produced 83.6 million metric tons of iron ore in the second quarter, up 3.7% from a year earlier, the company reported on Tuesday.In its output and sales report, Vale said the increase was mainly driven by a “strong performance” at the Brazilian Brucutu plant, and a new output record for a second quarter at the S11D mining project, also located in Brazil.“In iron ore, the combination of new assets ramping up and greater operational reliability is supporting stronger adherence to the 2025 production plan,” Vale said.

Jul 23, 2025 - 10:50 AM

Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project teaser image

Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project

Australia’s Champion Iron Ltd said on Tuesday Japan’s Nippon Steel and Sojitz Corp will invest an initial C$245 million ($179.11 million) in its Kami iron ore project in Canada for an aggregate 49% interest.The investment follows an agreement that the three companies entered into in December 2024 for the project, which Champion Iron acquired in 2021.Following the initial closing, Champion will hold a 51% interest in the project, while Nippon Steel and Sojitz will have 30% and 19% stakes, respectively.

Jul 22, 2025 - 10:47 AM

Vulcan Energy gets 104M euros in German grants for clean lithium production teaser image

Vulcan Energy gets 104M euros in German grants for clean lithium production

Start-up Vulcan said on Tuesday that it had been granted 104 million euros ($122 million) in grants by the German government for the production of clean lithium for battery cell production.The grants, which have been issued by the federal government and the states of Rhineland-Palatinate and Hesse, will go towards a project “designed to assist with building Germany’s and Europe’s critical raw materials supply chain resilience.”The funding will be disbursed from October 1 over the course of 36 months, the company said.($1 = 0.8548 euros)

Jul 22, 2025 - 10:09 AM

Indonesia mining ministry proposes 18 development projects for Danantara funding teaser image

Indonesia mining ministry proposes 18 development projects for Danantara funding

Indonesia’s mining ministry has drawn up a list of 18 projects worth $38.6 billion to develop the country’s natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment.Launched earlier this year, Danantara is Indonesian President Prabowo Subianto’s main vehicle to achieve his 8% economic growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects.

Jul 22, 2025 - 10:07 AM

Nornickel cuts 2025 nickel and palladium output forecast due to repairs teaser image

Nornickel cuts 2025 nickel and palladium output forecast due to repairs

Russia’s Nornickel, one of the world’s largest nickel producers and the leading global producer of palladium, on Monday lowered its 2025 nickel production forecast to 196,000-204,000 metric tons.The previous guidance had been 204,000-211,000 tons. The company also revised its palladium output forecast downward, now expecting between 2.677 and 2.729 million ounces compared to 2.704-2.756 million ounces.

Jul 21, 2025 - 4:02 PM