Mining

Gold miners are still cheap as record prices revive investor interest, says GOLDX’s Mancini

(Kitco News) - After a dismal few years for the mining sector, investor attention is returning to the market as gold and silver continue to set record highs, and with momentum showing no signs of abating.

Oct 15, 2025 - 11:59 AM

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

Guinea’s bauxite exports surged 23% year-on-year in the third quarter, defying heavy rains and regulatory headwinds, official data showed.Shipments of the critical aluminium feedstock rose to 39.41 million metric tonnes, up from 32 million in Q3 2024, according to data from the Ministry of Mines and Geology reviewed by Reuters on Wednesday.The majority of the shipment went to China.

Oct 16, 2025 - 2:36 PM

Codelco hikes 2026 European copper premium to record $345 a tonne

Codelco is offering to sell the metal at a record premium of $325 a tonne to its European customers next year, a 39% jump from this year, according to three copper market sources.Premiums set by Codelco for physical delivery of copper are paid on top of the London Metal Exchange contract and are often used as a benchmark for global contracts for the metal used in the power and construction industries.State-owned Codelco declined to comment.

Oct 16, 2025 - 2:32 PM

Brazil eyes financial guarantees, tax breaks for strategic minerals

Brazil’s government is looking to offer financial guarantees to fund strategic mineral projects and tax incentives for their processing and industrialization, according to a document seen by Reuters outlining the agenda of the first meeting of its National Mining Policy Council on Thursday.The meeting, scheduled for 3:30 PM in Brasilia (1830 GMT), will vote on a resolution creating a working group tasked with analyzing and proposing public policies to develop the supply chain for critical and strategic minerals in Latin America’s largest economy, the document said.

Oct 16, 2025 - 2:28 PM

Indonesia president sees country’s tin output back to normal in 2026

Indonesia, the world’s second largest tin producer, should see tin output return to normal in 2026, President Prabowo Subianto told a conference late on Wednesday, following a crackdown on tin mining that resulted in rising global prices.(By Stefanno Sulaiman; Editing by Gareth Jones)

Oct 15, 2025 - 2:47 PM

Botswana’s ODC sets first contract diamond sales for November

Botswana’s state-owned Okavango Diamond Company will start selling diamonds to contracted buyers next month, as it diversifies its sales channels under the government’s new deal with De Beers, managing director Mmetla Masire said on Wednesday.ODC’s allocation in the production of Debswana – the government’s 50-50 joint venture with De Beers – was increased to 30% from 25% in the new ten-year deal signed in February, with its share to reach 40% at the end of the agreement.

Oct 15, 2025 - 2:44 PM

US judge set to approve Rio Tinto’s $138.75M Mongolia mine settlement

A US judge on Wednesday said he was ready to approve Rio Tinto’s agreement to pay $138.75 million to settle a lawsuit that accused the Anglo-Australian mining giant of defrauding investors by concealing problems with its $7 billion underground expansion of the Oyu Tolgoi copper and gold mine in Mongolia.Rio Tinto had reached a preliminary settlement with shareholders of the former Montreal-based Turquoise Hill Resources in June, pending approval from Manhattan-based US District Judge Lewis Liman.

Oct 15, 2025 - 2:28 PM

Namibia central bank chief calls for diamond royalty relief extension

Namibia’s central bank governor Johannes !Gawaxab called on Wednesday for an extension to a royalty discount granted to Namdeb to help the diamond miner through a protracted global market downturn, marked by falling demand and a supply glut.The rising popularity of lab-grown diamonds and a shift away from the precious stone among younger consumers are also weighing on rough diamond prices.In 2021, Namibia cut its royalty rate from 10% to 5% until 2025 to help Namdeb, a joint venture between De Beers and the Namibian government, extend its land-based operations to 2042.

Oct 15, 2025 - 2:14 PM

Japan, Spain and South Korea warn over unsustainable copper processing fees

Japan, Spain and South Korea issued a rare joint statement on Wednesday expressing deep concerns over tumbling copper treatment and refining charges (TC/RCs), warning both smelters and miners cannot develop sustainably under current conditions.Copper smelters worldwide are grappling with falling processing fees and shrinking margins amid tight concentrate supply and expanding smelting capacity in China. In June, some Chinese smelters agreed to process copper for Chilean miner Antofagasta at no charge.

Oct 15, 2025 - 1:57 PM

Value of Argentina’s mining exports up about 33% in first nine months of 2025

Argentina’s mining exports reached $4.21 billion in total value in the first nine months of 2025, an increase of 32.9% compared to the same period last year, the South American country’s mining secretariat reported on Monday.The figures mark a historic record for foreign sales from the national mining industry for the first nine months of a year, it added.The secretariat credited the jump in export value in part to “outstanding” international prices for metals like gold and silver.

Oct 14, 2025 - 3:30 PM

Rio Tinto says strong year-end iron ore push needed as China demand surges

Rio Tinto said on Tuesday it needs a strong year-end finish to meet its iron ore shipment target, even as Chinese demand gathered pace as global economies front-loaded investment ahead of looming tariffs.Iron ore prices have surged to their highest levels since February, driven by targeted infrastructure stimulus in China that boosted steel production, Rio said, with China’s iron ore imports hitting a record high in September.

Oct 14, 2025 - 3:28 PM

Titan Mining to produce graphite concentrate at New York facility

Titan Mining said on Tuesday it will begin production of graphite concentrate at its Empire State Mines in New York, days after China expanded export limits on rare earth minerals.The Canadian miner is targeting ramp-up to a 40,000-tonne-per-year commercial graphite facility, which the company said would be capable of supplying about half of current US natural graphite demand.“China’s decision to tighten graphite exports underscores the importance of having a secure domestic supply of natural graphite,” said Titan CEO Rita Adiani.

Oct 14, 2025 - 3:26 PM

Supply problems may force Freeport Indonesia to halt Manyar smelter

Freeport Indonesia may be forced to suspend operations at its Manyar smelter at the end of October due to a lack of copper concentrate following a mud-flow incident at its Grasberg mine, media outlet Kontan reported on Tuesday, citing an energy ministry official.Freeport Indonesia did not immediately respond to a request for comment.Tri Winarno, an official at the country’s mining ministry, estimated that copper concentrate supplies from Grasberg would only be sufficient until the end of this month, Kontan reported.

Oct 14, 2025 - 3:24 PM

Aurubis held talks with US on support for new smelter, CEO says

Germany’s Aurubis has held preliminary talks with the US government about support for a new copper smelter in the United States following the launch of a recycling plant there, its CEO said on Tuesday.A new smelter is one of three options Europe’s biggest copper producer is considering to take advantage of a US drive to boost domestic output of the metal, after President Donald Trump in July announced a 50% tariff on copper products but left out ores, concentrates and cathodes.

Oct 14, 2025 - 3:20 PM

Mining

Gold miners are still cheap as record prices revive investor interest, says GOLDX’s Mancini

HSBC expects gold’s ‘bull wave’ to hit $5,000 in 2026

Hindustan Zinc posts quarterly profit rise on strong metal prices

BHP’s China Jimblebar iron ore stocks rise as trade stalls amid contract talks

Hindustan Zinc posts quarterly profit rise on strong metal prices

Rio Tinto ramps up Simandou stockpiles to 2 million tonnes for first shipment

Canada threatens Stellantis with legal action over plan to shift output to US

Guinea bauxite exports jump 23% in 3rd quarter despite rains, regulatory pressure

Codelco hikes 2026 European copper premium to record $345 a tonne

Brazil eyes financial guarantees, tax breaks for strategic minerals

Indonesia president sees country’s tin output back to normal in 2026

Botswana’s ODC sets first contract diamond sales for November

US judge set to approve Rio Tinto’s $138.75M Mongolia mine settlement

Namibia central bank chief calls for diamond royalty relief extension

Japan, Spain and South Korea warn over unsustainable copper processing fees

Value of Argentina’s mining exports up about 33% in first nine months of 2025

Rio Tinto says strong year-end iron ore push needed as China demand surges

Titan Mining to produce graphite concentrate at New York facility

Supply problems may force Freeport Indonesia to halt Manyar smelter

Aurubis held talks with US on support for new smelter, CEO says