Mining

Asian Development Bank launches finance scheme for critical mineral supply chains

May 04, 2026 - 3:30 PM

Kitco Mining Channel

Australia, Japan strengthen critical minerals ties

Australia and Japan have beefed up their cooperation around critical minerals amid a state visit by Japan’s prime minister, with the countries providing A$1.67 billion ($1.20 billion) in support for the sector and flagging more to come.Australia and Japan will focus on strategic projects to address the most urgent supply chain vulnerabilities in mining, refining and manufacturing in the two countries, the Australian government said in a statement.

May 04, 2026 - 3:28 PM

Argentina mining exports to jump 49% in 2026, executive says

Argentina’s mining exports are forecast to jump 49% in 2026, reaching $9 billion, Roberto Cacciola, president of the Argentine Chamber of Mining Companies said.Cacciola said the estimate was conservative, adding that the value of the country’s mining exports could be more if current prices continue.Argentina exported $6.056 billion in mining exports in 2025, which represented a 30% increase from the previous year.

May 04, 2026 - 3:13 PM

Canada unveils C$1 billion loan program for tariff-impacted industries

The Canadian government announced on Monday a C$1 billion ($734.65 million) loan program for industries impacted by US tariffs.The program will be available to industries that manufacture and export products containing steel, aluminum or copper, Industry Minister Melanie Joly said.The measure is part of the government’s effort to bolster crucial manufacturing sectors after US President Donald Trump imposed tariffs on imports of steel, aluminum, automotive, lumber and copper products.

May 04, 2026 - 3:11 PM

Mercuria, Heeney Capital ink Venezuela offtake deals under White House-backed initiative

Mercuria Energy Group said on Friday it had secured, in partnership with Heeney Capital, strategic offtake agreements for Venezuelan bulk commodities and gold projects, as part of a White House-supported initiative.The energy and commodities trader said the agreements, backed by related investment commitments, are expected to unlock about $2.2 billion in annual mineral export value.

May 01, 2026 - 6:07 PM

ArcelorMittal donates steel for Trump ballroom

ArcelorMittal said on Thursday it had donated steel for a White House ballroom project backed by US President Donald Trump.The Luxembourg-based steelmaker’s donation is ongoing and it has delivered 600 tonnes for the project to date, according to finance chief Genuino Christino, who disclosed the contribution on a call with analysts.“We have a track record of … donating steel to iconic buildings and projects around the world that showcase its strength and flexibility,” he said.

May 01, 2026 - 11:30 AM

Big funds bet billions on mining supercycle

Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure, rising defence spending and a shift away from expensive tech stocks.Assets under management in mining exchange-traded funds more than doubled to $87.4 billion by March 31, from $37 billion a year ‌earlier, data compiled by research firm ETFGI for Reuters shows.Oil & gas and agriculture have also attracted significant inflows, marking one of the sharpest rotations toward hard assets in history.

May 01, 2026 - 11:28 AM

Sumitomo Corp to exit Ambatovy nickel project in Madagascar

Japanese trading house Sumitomo Corp will divest its stake in the Ambatovy nickel project in Madagascar to Ambatovy Mineral Resources Investment, effectively paying $418 million to offload the asset, it said on Friday.AMRI, headquartered in Jersey, is a mining-focused investment consortium led by Essenwood Partners and Zungu Investments Company.Below are transaction details disclosed by Sumitomo Corp:

May 01, 2026 - 11:23 AM

FLSmidth investigates potential breach of sanctions on Russia

Danish mining equipment and cement technology supplier FLSmidth said in a statement on Friday it was investigating whether it had failed to comply with sanctions after finding it had provided certain pre-contract tender materials to Russia.The company said it had found, as part of an ongoing internal probe, that it had provided materials to persons in Russia in connection with a limited number of potential projects in Kazakhstan.The company has ceased the pursuit of the tenders, it added.

May 01, 2026 - 11:13 AM

Glencore first-quarter copper output jumps 19%

Glencore said on Thursday its first‑quarter copper production rose 19%, benefiting from improved ore grades in Africa, while its marketing division remains on track to exceed the top end of its annual earnings guidance.The Swiss-based commodities trader and miner produced 199,600 metric tons of copper in the first quarter, up from 167,900 tons a year earlier, driven by better grades at its African operations and higher output at its Antamina mine in Peru.

Apr 30, 2026 - 2:14 PM

Vale to more than double sail-equipped iron ore carrier fleet

Vale plans to more than double its fleet of sail-equipped iron ore carriers, with the cost-saving technology to expand to at least 20 vessels within the next three years, easing the Brazilian miner’s exposure to marine fuel price volatility.The spinning cylindrical sails about as high as a 10-storey building harness wind power during transoceanic voyages saving up to 10% in fuel consumption depending on the vessel, Vale’s general manager for shipping, Rafael Fischer, said on Tuesday.Freight costs are significant for the mining sector and have climbed during the Iran war.

Apr 30, 2026 - 2:11 PM

MinRes surges to near 2-year peak on annual production forecast hike

Australian miner Mineral Resources raised its annual production forecast on Thursday and said costs for its Onslow iron ore project were expected to trend towards the lower end of estimates, sending shares to a near two-year peak.The miner raised its fiscal 2026 forecast for iron ore production volumes from Onslow to 17.7-19.4 million metric tons (Mt) from 17.1-18.8 Mt estimated previously.It also upgraded the production volume forecast for its mining services segment to 320-330 Mt from 305-325 Mt.

Apr 30, 2026 - 2:02 PM

Chile’s copper output and manufacturing production fall in March

Copper output in Chile fell 9.04% year-on-year in March while manufacturing production in the Andean nation declined 4.5%, statistics agency INE said on Thursday.Chile, the world’s top producer of the red metal, saw its copper output sank to 434,314 metric tons from 477,464 metric tons the prior year.Copper is considered an economic bellwether due to its uses across many sectors.

Apr 30, 2026 - 1:58 PM

Glencore expects DRC cobalt exports to normalize in line with 2026 quotas

London-listed miner Glencore said on Thursday it expects cobalt exports from the Democratic Republic of Congo to normalize over the course of the year, in line with remaining 2026 quotas.Congo’s government suspended exports in February last year to support cobalt prices which had dropped to nine-year lows. The suspension remained in place until Congo introduced export quotas last October.Cobalt metal prices have increased 160% since February 2025 to $26 a lb. or $57,320 a metric ton due to shortages created by Congo’s move to restrict exports.

Apr 30, 2026 - 1:53 PM

Mining

Despite volatility, higher gold prices drive Freeport Q1 earnings

G7 in talks to set up permanent unit to oversee critical minerals agenda

Nitrogen surge to lift CF, Nutrien earnings; Mosaic faces headwinds

France convenes G7 on critical minerals to curb China’s grip

Australia's Regis to take over Vault, creating $7.7 billion gold producer

Asian Development Bank launches finance scheme for critical mineral supply chains

Kitco Mining Channel

Australia, Japan strengthen critical minerals ties

Argentina mining exports to jump 49% in 2026, executive says

Canada unveils C$1 billion loan program for tariff-impacted industries

Mercuria, Heeney Capital ink Venezuela offtake deals under White House-backed initiative

ArcelorMittal donates steel for Trump ballroom

Big funds bet billions on mining supercycle

Sumitomo Corp to exit Ambatovy nickel project in Madagascar

FLSmidth investigates potential breach of sanctions on Russia

Glencore first-quarter copper output jumps 19%

Vale to more than double sail-equipped iron ore carrier fleet

MinRes surges to near 2-year peak on annual production forecast hike

Chile’s copper output and manufacturing production fall in March

Glencore expects DRC cobalt exports to normalize in line with 2026 quotas