Mining

Freeport Reports $790M in Adjusted Q2 Earnings, Topping Estimates

(Kitco News) - Freeport (NYSE: FCX), one of the world’s largest copper producers and a major gold miner, reported stronger-than-expected second-quarter earnings, driven by higher metal prices and lower costs.

Jul 23, 2025 - 9:01 AM

Gold’s $3,000 breakout has redefined mining profits, but are investors paying attention?

Jul 22, 2025 - 4:23 PM

Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project

Australia’s Champion Iron Ltd said on Tuesday Japan’s Nippon Steel and Sojitz Corp will invest an initial C$245 million ($179.11 million) in its Kami iron ore project in Canada for an aggregate 49% interest.The investment follows an agreement that the three companies entered into in December 2024 for the project, which Champion Iron acquired in 2021.Following the initial closing, Champion will hold a 51% interest in the project, while Nippon Steel and Sojitz will have 30% and 19% stakes, respectively.

Jul 22, 2025 - 10:47 AM

Vulcan Energy gets 104M euros in German grants for clean lithium production

Start-up Vulcan said on Tuesday that it had been granted 104 million euros ($122 million) in grants by the German government for the production of clean lithium for battery cell production.The grants, which have been issued by the federal government and the states of Rhineland-Palatinate and Hesse, will go towards a project “designed to assist with building Germany’s and Europe’s critical raw materials supply chain resilience.”The funding will be disbursed from October 1 over the course of 36 months, the company said.($1 = 0.8548 euros)

Jul 22, 2025 - 10:09 AM

Indonesia mining ministry proposes 18 development projects for Danantara funding

Indonesia’s mining ministry has drawn up a list of 18 projects worth $38.6 billion to develop the country’s natural resources and handed them over to sovereign wealth fund Danantara Indonesia on Tuesday for potential investment.Launched earlier this year, Danantara is Indonesian President Prabowo Subianto’s main vehicle to achieve his 8% economic growth target by 2029 by managing all shares of state-owned enterprises and reinvesting the dividends in commercial projects.

Jul 22, 2025 - 10:07 AM

Nornickel cuts 2025 nickel and palladium output forecast due to repairs

Russia’s Nornickel, one of the world’s largest nickel producers and the leading global producer of palladium, on Monday lowered its 2025 nickel production forecast to 196,000-204,000 metric tons.The previous guidance had been 204,000-211,000 tons. The company also revised its palladium output forecast downward, now expecting between 2.677 and 2.729 million ounces compared to 2.704-2.756 million ounces.

Jul 21, 2025 - 4:02 PM

US transfers acreage near proposed mining road to Alaska native group

The Trump administration transferred 28,000 acres (11,331 hectares) in a remote part of Northwest Alaska to a native corporation, putting more land near a proposed mining road under local control.The move is aligned with President Donald Trump’s pledge to remove barriers to energy and resource development in the state.“By putting land into Alaska Native hands, we are advancing opportunity in Alaska, while reducing federal barriers to resource development,” Interior Secretary Doug Burgum said in a statement.

Jul 21, 2025 - 1:08 PM

Mining shares boost TSX; investors await trade updates

July 21 (Reuters) - Canada's commodity-heavy main stock index on Monday rebounded from the previous session's losses, led by gains in mining stocks, while investors looked for potential trade deals between the U.S. and its key trading partners.The S&P/TSX composite index (.GSPTSE), was up 0.2% at 27,372.76 points.In the latest trade development, U.S. Commerce Secretary Howard Lutnick said on Sunday he was confident that Washington could secure a trade deal with the EU, but August 1 is a hard deadline for tariffs to kick in.

Jul 21, 2025 - 10:12 AM

China quietly issues 2025 rare earth quotas

China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public statement, sources with knowledge of the matter said this week, another sign of Beijing tightening its control over the crucial sector.The quotas are closely monitored as a barometer for the global supply of rare earths, a group of 17 elements used in electric vehicles, wind turbines, robots and missiles. China is the world’s largest producer of the minerals and the government typically issues them twice a year to state-owned companies but they have been delayed this year.

Jul 21, 2025 - 10:10 AM

China’s exports of rare earth magnets to the US surge in June

China’s exports of rare earth magnets to the United States in June soared to more than seven times their May level, marking a sharp recovery in the flow of critical minerals used in electric vehicles and wind turbines after a Sino-US trade deal.Outbound shipments to the United States from the world’s largest producer of rare earth magnets surged to 353 metric tons in June, up 660% from May, data from the General Administration of Customs showed on Sunday.

Jul 21, 2025 - 9:58 AM

South32 Q4 manganese output recovers after cyclone, beats estimates

Australian diversified miner South32 reported higher fourth-quarter manganese ore production on Monday, beating analysts’ estimates, as it resumed export shipments from its Australia manganese operations following storm delays.The company’s Groote Eylandt Mining Co (GEMCO) project in Australia’s Northern Territory faced severe storms in early 2025, making it difficult to get production back on track after a tropical cyclone damaged the site’s vital infrastructure a year ago.

Jul 21, 2025 - 9:54 AM

Chile speeds up permitting for mining and other investment projects

SANTIAGO, July 1 (Reuters) - Chile's congress approved long-awaited legislation to speed up the permitting process for investment projects in the country on Tuesday.

Jul 08, 2025 - 10:38 AM

Exclusive: Next Rio Tinto boss expected to entertain big deals, cut costs, sources say

MELBOURNE/LONDON, July 8 (Reuters) - Rio Tinto's (RIO.AX), (RIO.L) new CEO, who could be announced as soon as this month, should be open to transformative merger and acquisition deals as well as sharpening productivity and cost cuts, said two people aware of the chair's priorities.

Jul 08, 2025 - 10:29 AM

Exclusive: Mali plans to sell gold reserves at Barrick complex to fund operations

TORONTO/DAKAR/BAMAKO July 8 (Reuters) - The Malian court-appointed administrator of Barrick Mining's Loulo-Gounkoto complex (ABX.TO) plans to sell one metric ton of gold from the site's storeroom as operations commence again after an almost six-month suspension, two sources told Reuters.

Jul 08, 2025 - 10:19 AM

Mining

Freeport Reports $790M in Adjusted Q2 Earnings, Topping Estimates

Gold’s $3,000 breakout has redefined mining profits, but are investors paying attention?

Chile bumps up copper price forecast, flags lagging Collahuasi output

New Ghana mining laws to shorten licence periods, boost community investment

Zimplats weighs reopening mothballed mine as prices rebound

Zijin leads race to buy Barrick’s Ivory Coast gold mine

Vale’s iron ore output rises 3.7% in second quarter

Champion Iron secures $179.1 million from Nippon Steel, Sojitz for Canada project

Vulcan Energy gets 104M euros in German grants for clean lithium production

Indonesia mining ministry proposes 18 development projects for Danantara funding

Nornickel cuts 2025 nickel and palladium output forecast due to repairs

US transfers acreage near proposed mining road to Alaska native group

Mining shares boost TSX; investors await trade updates

China quietly issues 2025 rare earth quotas

China’s exports of rare earth magnets to the US surge in June

South32 Q4 manganese output recovers after cyclone, beats estimates

Chile speeds up permitting for mining and other investment projects

Exclusive: Next Rio Tinto boss expected to entertain big deals, cut costs, sources say

Exclusive: Mali plans to sell gold reserves at Barrick complex to fund operations