Mining

Coeur Mining to acquire New Gold in $7B deal, forging North American 'powerhouse'

(Kitco News) - Coeur Mining Inc. (NYSE: CDE) announced Monday it has agreed to acquire New Gold Inc. (TSX: NGD) in an all-stock transaction valued at approximately US$7 billion, creating a new senior precious metals producer focused exclusively on North America.

Nov 03, 2025 - 3:56 PM

Saudi mining exploration spending increases 500% since 2020 as foreign investment surges

Oct 23, 2025 - 2:58 PM

Nippon Steel excludes US Steel from profit guidance on ‘significant’ market challenges

Nippon Steel, Japan’s biggest steelmaker, said it expects to report a 14% fall in annual profit before one-offs for the current fiscal year, but that excluded its outlook for US Steel, due to significant challenges in the US market.The Japanese steelmaker expects an underlying business profit, or profit adjusted for one-offs, of 680 billion yen ($4.51 billion) for the year ending in March, down from 793.7 billion yen last year.

Nov 06, 2025 - 4:22 PM

Adani unit signs deal with Australia’s Caravel Minerals copper project

India’s Adani Enterprises said on Thursday its unit Kutch Copper Ltd (KCL) has signed a non-binding deal with Australia’s Caravel Minerals to accelerate development of a copper project in Western Australia.The initial capital expenditure for the project is estimated at A$1.7 billion ($1.1 billion), with KCL granted first rights to participate in direct equity or project-level investments during the term of the agreement.

Nov 06, 2025 - 3:47 PM

Japan, US consider rare earth mining near Minamitori in Pacific

Japan and the United States will jointly study developing rare earth mining in the waters around Minamitori Island in the Pacific, Japanese Prime Minister Sanae Takaichi said on Thursday.Co-development of rare earth minerals was a key topic in her meeting with US President Donald Trump last week, Takaichi told a parliamentary session.During Trump’s visit to Tokyo, the two countries signed a framework agreement for securing rare earth supplies to counter China’s dominance in the materials that are used in everything from cars to fighter jets.

Nov 06, 2025 - 3:44 PM

ICL could lose Dead Sea concession in 2030 under government tender plan

Fertiliser maker ICL Group has given up right of first refusal for its Dead Sea concession under a plan to tender the asset announced by Israel’s government on Thursday, but it will receive some $3 billion if it loses the permit when it expires.ICL, which extracts mainly potash and magnesium from the concession, has held exclusive rights to minerals from the Dead Sea site for five decades, with the permit set to expire in 2030.

Nov 06, 2025 - 3:43 PM

US Steel unveils $11 billion investment plan with Nippon Steel

United States Steel Corp said on Tuesday it is launching a multi-year growth plan with Nippon Steel that targets approximately $14 billion of US growth capital, with $11 billion to be invested by the end of 2028.(By Aatreyee Dasgupta)

Nov 05, 2025 - 2:01 PM

Perth Mint’s October gold sales hit three-year high

The Perth Mint’s gold product sales hit their highest in three years in October, while silver sales surged 83% from the previous month to a two-year high, the refiner said on Wednesday.The Perth Mint, owned by the government of Western Australia, is the world’s leading producer of newly mined gold. It is also the largest refiner by volume in Australia, according to its website.Each year, it processes nearly 75% of Australia’s newly mined gold, making it a significant player in one of the world’s top gold-producing countries.

Nov 05, 2025 - 1:59 PM

Can Africa ride critical minerals wave to economic boom?

As global powers scramble for critical minerals, African countries are pushing for new investment to process more of their own raw materials and meet their people’s demands for economic growth and jobs, analysts say.To capitalize on the burgeoning demand, the continent must address power shortages, skills gaps, trade barriers and limited industrial capacity.

Nov 05, 2025 - 1:52 PM

EU, China created special channel to ensure rare earth supplies, commissioner says

The European Union has established a “special channel” of communication with Chinese authorities to secure the flow of rare earth materials vital for EU industries, EU Trade Commissioner Maros Sefcovic said on Wednesday.The move follows China’s export controls on rare earths, which raised concerns in Europe after their introduction earlier this year about potential disruptions to the production of electric vehicles, wind turbines and other technologies that depend on permanent magnets.

Nov 05, 2025 - 1:50 PM

South African iron ore mine to close after ArcelorMittal halts purchases

South Africa’s African Rainbow Minerals said on Wednesday that its jointly owned Beeshoek iron ore mine will be placed on “care and maintenance” after its sole customer, the ailing steel producer ArcelorMittal South Africa, ceased purchases.Care and maintenance means that the Beeshoek mine is being temporarily shut down as the owners evaluate further options to resume operations if market conditions change.

Nov 05, 2025 - 1:48 PM

Gold’s Healthy Pullback Sets Stage for Long-Term Gains, says Nicole Adshead-Bell

(Kitco News) – Nicole Adshead-Bell, Director of Cupel Advisory, says gold’s recent correction is not a warning sign but part of a healthy ongoing bull market. Speaking with Kitco Mining’s Digging Deep, she describes that markets were “due for a pullback,” adding that “everybody has to remember that it’s not always just a straight line up. In fact, when it gets a perpendicular straight line up, that’s normally a sell signal.”

Nov 04, 2025 - 4:16 PM

Mining

Coeur Mining to acquire New Gold in $7B deal, forging North American 'powerhouse'

Saudi mining exploration spending increases 500% since 2020 as foreign investment surges

MP Materials quarterly loss widens after halting sales to Chinese customers

Wheaton Precious Metals Q3 revenue jumps on higher gold prices

Freeport Indonesia says investigation concluded on Grasberg incident

China’s October rare earth exports rise 9% from September

Congo suspends activities at Chinese mine after spill

China’s central bank buys gold for 12th straight month

Nippon Steel excludes US Steel from profit guidance on ‘significant’ market challenges

Adani unit signs deal with Australia’s Caravel Minerals copper project

Japan, US consider rare earth mining near Minamitori in Pacific

ICL could lose Dead Sea concession in 2030 under government tender plan

US Steel unveils $11 billion investment plan with Nippon Steel

Perth Mint’s October gold sales hit three-year high

Can Africa ride critical minerals wave to economic boom?

EU, China created special channel to ensure rare earth supplies, commissioner says

South African iron ore mine to close after ArcelorMittal halts purchases

Gold’s Healthy Pullback Sets Stage for Long-Term Gains, says Nicole Adshead-Bell