Mining

Barrick asks World Bank court to intervene in Mali proceedings teaser image

Barrick asks World Bank court to intervene in Mali proceedings

TORONTO, May 29 (Reuters) - Barrick Mining (ABX.TO), opens new tab has asked the arbitration tribunal of the World Bank to intervene in legal proceedings in Mali, as the miner faces the possibility of the Loulo-Gounkoto mine falling under the control of the Mali government.

May 29, 2025 - 7:49 PM

Kazatomprom’s Q1 profit fell to $238 million teaser image

Kazatomprom’s Q1 profit fell to $238 million

May 29, 2025 - 12:05 PM

Nutrien plans major Pacific Northwest terminal to boost potash exports teaser image

Nutrien plans major Pacific Northwest terminal to boost potash exports

May 29, 2025 - 11:58 AM

Chile’s Cochilco raises copper price forecast teaser image

Chile’s Cochilco raises copper price forecast

May 28, 2025 - 1:41 PM

China may relax rare earth export curbs for some chip companies teaser image

China may relax rare earth export curbs for some chip companies

May 28, 2025 - 12:23 PM

SQM misses profit estimates as lithium prices remain under pressure teaser image

SQM misses profit estimates as lithium prices remain under pressure

May 28, 2025 - 12:20 PM

Nigeria to open two Chinese-backed lithium processing plants this year

Nigeria is set to commission two major lithium processing plants this year, the country’s mining minister announced on Sunday, marking a shift from raw mineral exports towards adding value domestically.The facilities, largely funded by Chinese investors, could help transform Nigeria’s vast mineral wealth into jobs, technology, and manufacturing growth within the country.

May 27, 2025 - 4:10 PM

Swiss monthly gold imports from the US hit highest since at least 2012

Gold imports to Switzerland from the United States jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from US import tariffs, Swiss customs data showed on Tuesday.Switzerland, the world’s biggest bullion refining and transit hub, and Britain, home to the world’s largest over-the-counter gold trading hub, registered massive outflows to the US over December-March as traders sought to hedge against the possibility of broad US tariffs hitting bullion imports.

May 27, 2025 - 4:09 PM

Ukraine revamps minerals sector, eyes billions in investment from US deal

Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals deal with the US, its ecology minister said.The country has deposits of 22 of 34 minerals deemed as critical by the European Union for industries such as defence, high-tech appliances and green energy, as well as ferro alloy, precious and non-ferrous metals used in construction, and some rare earth elements.

May 27, 2025 - 4:06 PM

US will have golden share in Nippon Steel’s takeover of US Steel, senator says teaser image

US will have golden share in Nippon Steel’s takeover of US Steel, senator says

The US government will have veto power over key decisions relating to US Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel company, a US lawmaker said on Tuesday.The details are laid out in what is called a national security agreement the companies will sign with the US government, said Republican Senator David McCormick of Pennsylvania, where US Steel is headquartered.

May 27, 2025 - 4:03 PM

Guinea cancels 129 exploration permits, further tightening control teaser image

Guinea cancels 129 exploration permits, further tightening control

Guinea’s military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets.A senior official at the Ministry of Mines said the decision was taken to free unused resources for other investors.“We’ve simplified it by digitizing the whole system, which can now be better controlled,” the official told Reuters, speaking on condition of anonymity.It wasn’t immediately clear whether any significant investments would be affected by the move.

May 27, 2025 - 4:00 PM

US panel submits view on Nippon Steel-US Steel deal to Trump teaser image

US panel submits view on Nippon Steel-US Steel deal to Trump

A powerful US national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel’s fraught $14.9 billion bid for US Steel, a person familiar with the matter said, without providing further detail on its contents.The submission complies with an executive order signed by Trump last month, which tasked the Committee on Foreign Investment in the US with outlining whether any measures proposed by the companies assuage the national security risks previously identified by the committee.

May 23, 2025 - 4:08 PM

Poland to cut copper mining tax from 2026, finance minister says teaser image

Poland to cut copper mining tax from 2026, finance minister says

Poland’s copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday.The tax on mineral extraction, including copper, was introduced in 2012. Poland’s biggest copper miner KGHM paid 3.87 billion zlotys in tax in 2024, according to its annual report.

May 23, 2025 - 4:03 PM

Platinum price rockets to two-year high on strong Chinese demand, tightening supply teaser image

Platinum price rockets to two-year high on strong Chinese demand, tightening supply

Platinum prices surged to a two-year high on Friday, propelled by a sharp rise in Chinese imports, persistent supply concerns, and renewed investor interest in the metal used in catalytic converters, jewellery and electronic items.Spot platinum rose to its highest level since May 2023, to $1,096.40 per ounce. The metal is up 20% so far this year.

May 23, 2025 - 2:17 PM

New Canadian energy minister vows an end to lengthy project approvals teaser image

New Canadian energy minister vows an end to lengthy project approvals

New Canadian Natural Resources Minister Tim Hodgson vowed on Friday to cut back a lengthy approval process that means major projects can often take many years to be given the green light.“In the new economy we are building, Canada will no longer be defined by delay, we will be defined by delivery,” he told a business audience in the Alberta city of Calgary, capital of the country’s oil industry.“We will identify and fast track projects of national interest. … No more five-year reviews. Decisions will come in two years for all projects to make that happen,” Hodgson said.

May 23, 2025 - 2:10 PM

Freeport Indonesia says Manyar smelter resumes operations after fire teaser image

Freeport Indonesia says Manyar smelter resumes operations after fire

Copper miner Freeport Indonesia said its $3.7 billion Manyar smelter in East Java has resumed operations earlier than anticipated after a fire took it offline last year, and is expected to produce copper cathode by the fourth week of June.CEO Tony Wenas said in a statement on Thursday the plant was expected to reach full production capacity by December. A fire damaged the plant last October.Wenas said production had been expected to resume in June, but the repairs were completed ahead of schedule.

May 22, 2025 - 4:48 PM

Mali hearing on Barrick’s Loulo-Gounkoto mines postponed to June 2 teaser image

Mali hearing on Barrick’s Loulo-Gounkoto mines postponed to June 2

A Malian court has postponed for the second timea hearing on whether to place Barrick Mining’s Loulo-Gounkoto gold mine under provisional administration to restart operations, the presiding judge said on Thursday.The state had requested the adjournment until June 2, Judge Mahamadou Tipou Keita told Reuters.Mali’s government has asked the local court to appoint a provisional administrator to take over Barrick’s mine, which it suspended in January over the alleged nonpayment of taxes. Barrick has denied those charges.

May 22, 2025 - 4:44 PM

Nornickel says board recommends no dividends for 2024 teaser image

Nornickel says board recommends no dividends for 2024

Russia’s Nornickel, one of the world’s largest producers of nickel and the largest producer of palladium, said on Thursday that its board recommended not to pay dividends for 2024.The company said the decision was “made in order to maintain financial stability”.(By Anastasia Lyrchikova and Gleb Bryanski; Editing by Kirsten Donovan)

May 22, 2025 - 2:14 PM

Head of BHP’s Escondida mine says Chile must do more to spur investment teaser image

Head of BHP’s Escondida mine says Chile must do more to spur investment

Chile needs to make greater regulatory and legal changes to boost investment, Alejandro Tapia, head of Escondida, the world’s largest copper mine, said on Thursday at ChileDay investment conference in New York.Chile is the world’s largest copper producer, accounting for nearly a quarter of the world’s global supply in 2024. Miners have complained about the country’s regulatory process and delays.As ore grades drop around the country and global demand increases, large-scale investment is needed to boost output and help offset global shortages.

May 22, 2025 - 2:13 PM

Neo Performance Materials exits separation facilities in China teaser image

Neo Performance Materials exits separation facilities in China

Neo Performance Materials said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding in Europe and North America.The exit concludes a strategic review it launched last year.The company said it sold its majority stakes in two Chinese separation facilities, the value of which was not disclosed.

May 22, 2025 - 2:12 PM