Mining

Australian gold production totals 300 tonnes, $32.8 billion in FY 2025 - Surbiton Associates teaser image

Australian gold production totals 300 tonnes, $32.8 billion in FY 2025 - Surbiton Associates

(Kitco News) - Elevated gold prices were the driving force behind robust annual production in Australia, according to Melbourne-based gold consultants Surbiton Associates.

Sep 03, 2025 - 1:01 PM

China copper output set for rare September fall as tax change hits scrap supply teaser image

China copper output set for rare September fall as tax change hits scrap supply

Sep 03, 2025 - 2:01 PM

Iron ore price extends gain as Goldman Sachs lifts fourth-quarter price forecast teaser image

Iron ore price extends gain as Goldman Sachs lifts fourth-quarter price forecast

Sep 03, 2025 - 1:59 PM

Russia’s August mineral extraction tax proceeds set to rise 3.5% teaser image

Russia’s August mineral extraction tax proceeds set to rise 3.5%

Sep 03, 2025 - 1:58 PM

Hochschild Mining to sell Volcan gold project to Railtown Capital teaser image

Hochschild Mining to sell Volcan gold project to Railtown Capital

Sep 03, 2025 - 1:57 PM

UN committee says Portugal kept information on lithium mine from public scrutiny teaser image

UN committee says Portugal kept information on lithium mine from public scrutiny

Sep 03, 2025 - 1:53 PM

Energy exec tasked with speeding up project approvals in Canada

Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a process that can take a decade.Prime Minister Mark Carney announced the major projects office earlier this year, saying streamlining will boost gross domestic product and help offset the damage from US tariffs.

Sep 02, 2025 - 12:46 PM

Iron ore price hits one-week low on narrower steel margins, weak demand

Iron ore futures slipped to their lowest levels in a week on Monday, hurt by shrinking steel margins and expectations of lower steel production ahead of a military parade in China.The most-traded January iron ore contract on China’s Dalian Commodity Exchange ended daytime trade 2.67% lower at 766 yuan ($107.09) a metric ton. It hit its lowest since August 20 at 761 yuan earlier in the session.By 0700 GMT, the benchmark October iron ore on the Singapore Exchange lost 2.05% to $101.35 a ton, the weakest since August 25.

Sep 02, 2025 - 12:41 PM

ArcelorMittal South Africa job cuts could rise above 4,000, union says

ArcelorMittal South Africa (AMSA) is planning to lay off 4,000 workers, nearly half its workforce and more than initially expected, with cuts now set to extend to its main Vanderbijlpark plants, a union said on Monday.The steelmaker previously announced plans to shut its long steel plants at Newcastle and Vereeniging this month, cutting 3,500 jobs, as talks with the government have failed to provide an alternative solution.

Sep 02, 2025 - 12:37 PM

Baosteel expects China’s steel exports to stay above 100Mt in 2025 teaser image

Baosteel expects China’s steel exports to stay above 100Mt in 2025

China’s biggest listed steelmaker Baoshan Iron & Steel Co expects the country’s total steel exports to stay above 100 million metric tons in 2025, it said on Friday, while monitoring potential curbs on national steel output.The company, known as Baosteel, is a subsidiary of the state-owned China Baowu Steel Group, the world’s largest steelmaker by output.

Aug 29, 2025 - 11:53 AM

Northam CEO says platinum miners not out of the woods despite price rally teaser image

Northam CEO says platinum miners not out of the woods despite price rally

The recent platinum price rally has brought relief to South African miners, but is still below levels needed to support new production, Northam Platinum CEO Paul Dunne said on Friday.Northam reported a 14.4% drop in annual profit on Friday, as mining costs surged, despite record sales volumes. It made headline earnings per share of 3.81 rand ($0.2169) in the year ended June 30, compared with 4.45 rand a year earlier.

Aug 29, 2025 - 11:50 AM

Cameco flags 2025 production hit amid McArthur River mine transition delays teaser image

Cameco flags 2025 production hit amid McArthur River mine transition delays

Canadian uranium supplier Cameco Corp said on Thursday the development delays in transitioning the McArthur River mine in Saskatchewan to new mining areas are expected to impact its 2025 production forecast.The company cited risks including development delays and the expected timing of ground freezing as the mine transitions into two new mining areas.Additionally, challenges related to access to skilled labor and the timing of commissioning new customized equipment are also potential risks.

Aug 29, 2025 - 11:49 AM

Valterra Platinum plans to start underground trial mining in late 2026 teaser image

Valterra Platinum plans to start underground trial mining in late 2026

Valterra Platinum will start trial mining at an underground pit at its Mogalakwena open-pit mine in South Africa late next year, the general manager for the project said on Wednesday.Mogalakwena in Limpopo province, north of Johannesburg, is the world’s largest open-pit platinum group metals (PGM) mine, comprising five open pits. The ore body of its Sandsloot pit, where the underground mine is being developed, has higher grades of ore.

Aug 29, 2025 - 9:07 AM

Nippon Steel bets on $11B investment, tech transfer to lift US Steel profit teaser image

Nippon Steel bets on $11B investment, tech transfer to lift US Steel profit

Japan’s Nippon Steel plans to increase profit at US Steel through an $11 billion investment and the transfer of its operational techniques and advanced technologies to expand capacity and add more high-grade products, a senior executive said.Nippon Steel’s $14.9 billion acquisition of US Steel closed in June, ending an 18-month process that had been caught up in the shifting political landscape during the transition between the Biden and Trump administrations.

Aug 29, 2025 - 9:02 AM

Vale, Brazil fail to reach deal for railway concessions renegotiation teaser image

Vale, Brazil fail to reach deal for railway concessions renegotiation

Vale said on Thursday that it has not reached a consensus with the Brazilian government and local land transport agency ANTT for the renegotiation of two railway concession contracts within a previously established deadline.In a securities filing, Vale said the contracts for the Carajas and Vitoria-a-Minas railway concessions, which in 2020 had been extended until 2057, remain in effect.(By Andre Romani; Editing by Leslie Adler)

Aug 29, 2025 - 8:46 AM

Chinese lithium prices at almost three-week low on easing supply concerns teaser image

Chinese lithium prices at almost three-week low on easing supply concerns

Prices of lithium carbonate futures in China hit their lowest in nearly three weeks on Thursday on easing concerns over potential production suspensions in Yichun in the south of the country after a local miner secured safety licence.The most active lithium carbonate futures on the Guangzhou Futures Exchange touched the lowest level since August 8 at 75,740 yuan ($10,589) a metric ton.

Aug 28, 2025 - 1:44 PM

Codelco-SQM lithium deal to close before Boric’s 2026 exit, minister says teaser image

Codelco-SQM lithium deal to close before Boric’s 2026 exit, minister says

Chile’s newly appointed Economy Minister Alvaro Garcia expects state-run copper producer Codelco and local miner SQM to finalize a major lithium partnership deal before the current administration leaves office in 2026, he said in an interview.Some presidential contenders have said they would review the deal or scrap it altogether if it does not come through before President Gabriel Boric leaves office, putting pressure on his administration to finalize the key pillar of its vow to boost the state’s role in lithium production.

Aug 28, 2025 - 1:41 PM

Escondida mine union warns of self-driving truck accidents teaser image

Escondida mine union warns of self-driving truck accidents

Two recent accidents involving autonomous trucks are raising safety concerns, a workers’ union at BHP’s Escondida mine in Chile, the world’s largest copper mine, said in a statement on Wednesday.The union, which has often been critical of BHP and has staged strikes as part of contract negotiations, said that on August 25 an autonomous truck collided with shovel machinery and the week before, another truck overturned.It did not report any injuries.

Aug 28, 2025 - 10:13 AM

Hudbay resumes operations in Snow Lake after evacuation orders lifted teaser image

Hudbay resumes operations in Snow Lake after evacuation orders lifted

Canadian mining company Hudbay Minerals on Wednesday said it has resumed operations in Snow Lake, Manitoba, following the decision made by the authorities to lift the mandatory evacuation order on August 22.The company said that there has been no structural damage to its onsite surface infrastructure and facilities in Snow Lake.Hudbay had temporarily suspended Snow Lake operations in early July due to a wildfire in northern Manitoba.

Aug 28, 2025 - 9:50 AM