Mining

Coeur Mining to acquire New Gold in $7B deal, forging North American 'powerhouse'

(Kitco News) - Coeur Mining Inc. (NYSE: CDE) announced Monday it has agreed to acquire New Gold Inc. (TSX: NGD) in an all-stock transaction valued at approximately US$7 billion, creating a new senior precious metals producer focused exclusively on North America.

Nov 03, 2025 - 3:56 PM

Saudi mining exploration spending increases 500% since 2020 as foreign investment surges

Oct 23, 2025 - 2:58 PM

EU, China created special channel to ensure rare earth supplies, commissioner says

Nov 05, 2025 - 1:50 PM

South African iron ore mine to close after ArcelorMittal halts purchases

South Africa’s African Rainbow Minerals said on Wednesday that its jointly owned Beeshoek iron ore mine will be placed on “care and maintenance” after its sole customer, the ailing steel producer ArcelorMittal South Africa, ceased purchases.Care and maintenance means that the Beeshoek mine is being temporarily shut down as the owners evaluate further options to resume operations if market conditions change.

Nov 05, 2025 - 1:48 PM

Gold’s Healthy Pullback Sets Stage for Long-Term Gains, says Nicole Adshead-Bell

(Kitco News) – Nicole Adshead-Bell, Director of Cupel Advisory, says gold’s recent correction is not a warning sign but part of a healthy ongoing bull market. Speaking with Kitco Mining’s Digging Deep, she describes that markets were “due for a pullback,” adding that “everybody has to remember that it’s not always just a straight line up. In fact, when it gets a perpendicular straight line up, that’s normally a sell signal.”

Nov 04, 2025 - 4:16 PM

South Korea to restructure steel industry hit by tariffs, oversupply

South Korea said on Tuesday it plans to restructure the domestic steel industry after the sector has been buffeted by higher tariffs imposed by the United States and the European Union as well as oversupply issues, according to the industry ministry.The ministry said in a statement the government planned to take preemptive steps to adjust production capacity in oversupplied products, as well as expand financial and policy support for exporters facing steel tariffs.(By Heekyong Yang and Joyce Lee; Editing by Ed Davies)

Nov 04, 2025 - 11:18 AM

Investors call for creation of International Minerals Agency

A group of investors in mining called on Monday for the creation of an independent agency for the sector modelled after the International Energy Agency.The group of investors, which together manage or advise on $18 trillion of assets, said the new International Minerals Agency would be able to monitor global mineral supply and demand as well as illegal flows, a statement said.The agency would also provide data about which companies are progressing toward global performance standards on sustainability, it added.

Nov 04, 2025 - 11:17 AM

Putin orders road map for Russian rare earths extraction

Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals.In a list of tasks for ministers published on the Kremlin website, Putin also ordered the cabinet to take measures to develop transport links at Russia’s borders with China and North Korea.Rare earths – used in smartphones, electric vehicles and weapons systems – have taken on vital strategic importance in international trade.

Nov 04, 2025 - 11:14 AM

From pickaxes to AI, COP30 host state holds past and future of Amazon mining

With a voice more youthful than his 72 years would suggest, Lucindo Lima sings about the untold riches he never made in Brazil’s Serra Pelada mine, a site made famous by a 1980s gold rush immortalized by the late photographer Sebastiao Salgado.“Under those mountains all our riches are hidden,” Lima sings outside his decaying wooden house in Serra Pelada, a hilly district in the town of Curionopolis, in the Amazonian state of Para.

Nov 04, 2025 - 11:13 AM

World Bank arbitration body rejects Barrick expedition request in Mali case

A request by Barrick Mining to expedite its international arbitration case against Mali has been rejected, two people familiar with the matter told Reuters on Friday.The West African country’s government has been in fraught negotiations with Barrick since 2023 over the implementation of a new mining code that raises taxes and gives the government a greater share of its gold mines.Barrick launched arbitration proceedings with the World Bank’s arbitration court, known as ICSID, in December 2024.

Nov 03, 2025 - 2:54 PM

Indonesia’s Amman Mineral moves a step closer to getting export permit

Indonesia’s energy ministry has backed copper miner Amman Mineral Internasional to export 480,000 dry metric tons of concentrate, the company said on Saturday, with the recommendation valid for six months from October 31.Amman Mineral needs the backing to secure an export permit from the trade ministry, which said on Saturday Amman had yet to apply for one.“With the resumption of copper concentrate exports, which had been suspended since early 2025, Amman will be able to prevent concentrate storage facilities from exceeding their capacity,” Amman said in a statement.

Nov 03, 2025 - 2:51 PM

Malaysia PM says $142M magnet plant to boost rare earth sector

Malaysian Prime Minister Anwar Ibrahim said the development of a 600 million ringgit ($142 million) super magnet manufacturing facility in the state of Pahang will strengthen the nation’s rare earth sector, state media reported.In July, Australia’s Lynas Rare Earths and South Korea’s JS Link signed a deal to develop a 3,000-tonne neodymium magnet manufacturing facility near Lynas’ advanced materials plant in Malaysia’s Kuantan district.

Nov 03, 2025 - 2:21 PM

Resource disputes between investors and states hit 10-year high

Disagreements between governments and investors over resources are at a 10-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for critical minerals.This reflects the scramble for minerals that will power everything from chips for the AI boom, to electric vehicles, to the valuable oil and gas revenues critical to state coffers, particularly in emerging economies.

Nov 03, 2025 - 2:17 PM

TechMet to add to portfolio, fears Europe losing battle for critical minerals

The CEO of US-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the US in building a critical minerals sector to reduce Chinese dominance.Privately-held TechMet, which has stakes in 10 companies, ranging from Brazilian Nickel to South Africa’s Rainbow Rare Earths, aims to add more within 12 months, chief executive Brian Menell told Reuters.

Nov 03, 2025 - 2:07 PM

Ghana orders first major audit of mining firms in a decade

Ghana, Africa’s top gold producer, has launched its most aggressive mining audit in a decade, targeting top miners to recover lost revenue and tighten oversight, a government letter seen by Reuters shows.Governments across West Africa are intensifying scrutiny of mining firms to enforce compliance with regulations and safeguard revenue from soaring commodity prices.Spot gold prices hit a record above $4,380 an ounce on October 20.

Oct 31, 2025 - 7:35 PM

Vale likely to announce extraordinary dividends soon, CFO says

Vale is likely to announce extraordinary dividends in the coming months, chief financial officer Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner’s third-quarter results.The prospect follows stronger-than-expected cash flow early in the year and comes as iron ore prices have consistently held up above $100 per metric ton, Bacci said.

Oct 31, 2025 - 7:34 PM

Mining

Coeur Mining to acquire New Gold in $7B deal, forging North American 'powerhouse'

Saudi mining exploration spending increases 500% since 2020 as foreign investment surges

US Steel unveils $11 billion investment plan with Nippon Steel

Perth Mint’s October gold sales hit three-year high

Can Africa ride critical minerals wave to economic boom?

EU, China created special channel to ensure rare earth supplies, commissioner says

South African iron ore mine to close after ArcelorMittal halts purchases

Gold’s Healthy Pullback Sets Stage for Long-Term Gains, says Nicole Adshead-Bell

South Korea to restructure steel industry hit by tariffs, oversupply

Investors call for creation of International Minerals Agency

Putin orders road map for Russian rare earths extraction

From pickaxes to AI, COP30 host state holds past and future of Amazon mining

World Bank arbitration body rejects Barrick expedition request in Mali case

Indonesia’s Amman Mineral moves a step closer to getting export permit

Malaysia PM says $142M magnet plant to boost rare earth sector

Resource disputes between investors and states hit 10-year high

TechMet to add to portfolio, fears Europe losing battle for critical minerals

Ghana orders first major audit of mining firms in a decade

Vale likely to announce extraordinary dividends soon, CFO says