Mining

Russia’s central bank says gold demand driven by G7 attempt to get Moscow’s frozen assets

Nov 27, 2025 - 3:54 PM

Zimbabwe to hike royalties on gold producers to cash in on record prices

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday.As part of a raft of revenue measures aimed at boosting state income and supporting local industry, gold miners will pay a 10% royalty if prices exceed $2,501 per ounce, according to the document.Bullion has fallen 5% since hitting a record high of $4,381.21 on October 20, but has broadly traded above $4,000 an ounce.

Nov 27, 2025 - 3:52 PM

US group sues Apple over Congo conflict minerals

A US-based advocacy group has filed a lawsuit in Washington accusing Apple of using minerals linked to conflict and human rights abuses in the Democratic Republic of Congo and Rwanda despite the iPhone maker’s denials.International Rights Advocates (IRAdvocates) has previously sued Tesla, Apple and other tech firms over cobalt sourcing, but US courts dismissed that case last year.

Nov 26, 2025 - 1:15 PM

India approves $816 million rare earth permanent magnets manufacturing programme

India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said on Wednesday, in an effort to cut reliance on imports for the elements critical to sectors ranging from electric vehicles and aerospace to defence and renewable energy.India’s consumption of rare earth permanent magnets – one of the strongest types of permanent magnets – is expected to double by 2030, but it currently meets its demand primarily through imports, according to the government.

Nov 26, 2025 - 9:52 AM

Codelco’s record China copper price offer sparks threats to walk away, sources say

Chilean copper heavyweight Codelco’s record high offers to Chinese copper buyers are leading some to declare they will opt out of next year’s term contracts as questions grow about the relevance of the benchmark for Chinese buyers.The Codelco premium, which is paid on top of London Metal Exchange copper prices CMCU3, is often used as a reference for global copper supply contracts, as Codelco is the world’s largest copper producer and China the largest consumer.

Nov 26, 2025 - 9:46 AM

Lynas warns of production hit from power disruptions at Kalgoorlie

Lynas Rare Earths warned on Tuesday of a one-month production shortfall this quarter due to significant power supply disruptions at its Kalgoorlie processing facility in Western Australia.The production shortfall could be a potential setback for the world’s largest rare earths producer outside China as it tries to ramp up output amid a growing push from countries to reduce their reliance on China.

Nov 25, 2025 - 5:19 PM

Canada's Barrick to pay $430 million to settle Mali gold mine dispute, Bloomberg News reports

Nov 25 (Reuters) - Barrick Mining (ABX.TO), has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Nov 25, 2025 - 8:52 AM

China's October net gold imports via Hong Kong fall about 64% from September

Nov 25 (Reuters) - China's net gold imports via Hong Kong in October fell about 64% from September, Hong Kong Census and Statistics Department data showed on Tuesday.WHY IT'S IMPORTANTAs the world's leading gold consumer, China's purchasing activities can significantly influence global gold markets.The Hong Kong data may not provide a complete picture of Chinese purchases, as gold is also imported via Shanghai and Beijing.BY THE NUMBERSNet imports via Hong Kong to China for October stood at 8.02 metric tons, compared with 22.047 tons in September.

Nov 25, 2025 - 8:20 AM

Barrick and Mali agree in principle to resolve dispute over gold mine

Barrick Mining and Mali’s government have reached a verbal agreement in principle to resolve their dispute over the Loulo-Gounkoto gold mining complex, two sources familiar with the situation told Reuters on Friday.No agreement has yet been signed, the sources said.A spokesperson for Barrick Mining did not immediately respond to a request for comment. A spokesperson for Mali’s mines ministry said negotiations were progressing well but did not provide further details.

Nov 24, 2025 - 4:32 PM

Torex targets $110 million investment in Mexico next year

Canadian miner Torex Gold is set to invest around $110 million in Mexico next year, an executive told newspaper Reforma in an interview published on Friday.Torex will invest around $100 million in its Morelos mine, in the Pacific state of Guerrero, the miner’s Mexico senior vice president Faysal Rodriguez told Reforma.Investments at Los Reyes in Sinaloa state will tally between $7 million and $8 million and at Batopilas in Chihuahua state between $3 million and $4 million.

Nov 24, 2025 - 4:31 PM

Britain unveils critical minerals strategy to cut reliance on foreign supply

Britain on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from recycling, the government said, as global competition for these essential resources intensifies.Backed by up to 50 million pounds in new funding, the strategy seeks to ensure no more than 60% of the UK’s supply of any one critical mineral comes from a single country by 2035, according to a statement.

Nov 24, 2025 - 4:29 PM

Toxic mines put Southeast Asia’s rivers, people at risk, study says

For most of her life, 59-year-old farmer Tip Kamlue has irrigated her fields in northern Thailand with the waters of the Kok River, which flows down from neighbouring Myanmar before joining with the Mekong River that cuts through Southeast Asia.But since April, after authorities warned residents to stop using the Kok’s water because of concerns over contamination, Tip has been using groundwater to grow pumpkins, garlic, sweet corn and okra.

Nov 24, 2025 - 4:28 PM

Freeport Indonesia cuts 2026 output plan; in talks with Amman for concentrate supply

Freeport Indonesia on Monday said it cut its 2026 production plans for its Grasberg mine following a fatal accident in September that killed seven people.A mud flow at Freeport’s Grasberg Block Cave (GBC) operation triggered a suspension of the mine, which accounts for a majority of the complex’s output. Grasberg is the world’s second-largest copper mine and largest gold mine.In late October, Freeport resumed operations at the Big Gossan and Deep Mill Level Zone operations, the two other components of the Grasberg complex, as they were unaffected by the mud flow.

Nov 24, 2025 - 4:26 PM

MMG’s deal to buy Anglo’s Brazil nickel assets faces EU regulatory delay

Hong Kong-listed mining and metals company MMG said on Monday that the European Commission had extended the review of its deal to purchase Anglo-American’s nickel business in Brazil.The Commission, which acts as the EU competition enforcer, had initiated the phase II merger investigation in early November.However, it is unclear how long the European Commission may require to complete its review, MMG said on Monday.The extension underscores regulatory caution and heightened scrutiny of resource deals with China.

Nov 24, 2025 - 4:24 PM

UBS raises copper outlook as mine disruptions deepen supply deficits

Nov 24 (Reuters) - UBS expects copper prices to rise into next year, citing tightening supply from persistent mine disruptions and strong long-term demand from electrification and clean-energy investment, the bank said in a note on Friday.In its updated projections, UBS raised its March 2026 price forecast by $750 per metric ton to $11,500, increased its June and September 2026 targets by $1,000 a ton to $12,000 and $12,500, respectively, and introduced a new December 2026 target of $13,000 per ton.

Nov 24, 2025 - 9:06 AM

Mining

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

Refined copper output growth to slow in 2026: ICSG

Platinum prices rise as China launches new futures contracts

Japanese copper smelters seek 2026 TC/RCs different from China-set benchmarks

Comex copper premium here to stay, LME executive says

Russia’s central bank says gold demand driven by G7 attempt to get Moscow’s frozen assets

Zimbabwe to hike royalties on gold producers to cash in on record prices

US group sues Apple over Congo conflict minerals

India approves $816 million rare earth permanent magnets manufacturing programme

Codelco’s record China copper price offer sparks threats to walk away, sources say

Lynas warns of production hit from power disruptions at Kalgoorlie

Canada's Barrick to pay $430 million to settle Mali gold mine dispute, Bloomberg News reports

China's October net gold imports via Hong Kong fall about 64% from September

Barrick and Mali agree in principle to resolve dispute over gold mine

Torex targets $110 million investment in Mexico next year

Britain unveils critical minerals strategy to cut reliance on foreign supply

Toxic mines put Southeast Asia’s rivers, people at risk, study says

Freeport Indonesia cuts 2026 output plan; in talks with Amman for concentrate supply

MMG’s deal to buy Anglo’s Brazil nickel assets faces EU regulatory delay

UBS raises copper outlook as mine disruptions deepen supply deficits