Mining

Critical metals and Canada will play a key role in the evolving global economy - IEFA Montreal Conference teaser image

Critical metals and Canada will play a key role in the evolving global economy - IEFA Montreal Conference

(Kitco News) - Geopolitical uncertainty remains at extreme levels, driving demand for safe-haven assets.

Jun 11, 2025 - 4:25 PM

Aussie gold producers taking advantage of higher gold prices - Surbiton Associates teaser image

Aussie gold producers taking advantage of higher gold prices - Surbiton Associates

Jun 11, 2025 - 12:55 PM

Silver breaks key resistance, miners outperform; junior expert eyes $50 target teaser image

Silver breaks key resistance, miners outperform; junior expert eyes $50 target

Jun 11, 2025 - 11:55 AM

US takes first step for potential mineral lease sale near American Samoa teaser image

US takes first step for potential mineral lease sale near American Samoa

As global tumult grows, UK Plc’s stability and bargains appeal to dealmakers teaser image

As global tumult grows, UK Plc’s stability and bargains appeal to dealmakers

Burkina Faso completes nationalization of five gold mining assets teaser image

Burkina Faso completes nationalization of five gold mining assets

Jun 12, 2025 - 4:42 PM

China to strengthen approval process of rare earth export applications

China will continue to strengthen the examination and approval process for rare earths export applications, a Chinese commerce ministry spokesperson said on Thursday.China is willing to further enhance communication and dialogue on export control with relevant countries, and promote the facilitation of compliant trade, ministry spokesperson He Yadong told a regular press conference.(Reporting by Beijing Newsroom; Editing by Christian Schmollinger)

Jun 12, 2025 - 1:51 PM

Mali hearing on Barrick’s Loulo-Gounkoto gold complex adjourned to June 16

A Malian court adjourned until June 16 a hearing on whether to put Barrick Mining’s gold mining complex, suspended since January due to a dispute over taxes and ownership, under provisional administration, a presiding judge said on Thursday.The Malian government, a shareholder in the Loulo-Gounkoto gold mining complex, in May asked the Bamako Commercial Court to appoint an administrator, signaling its desire to end the ongoing standoff and reopen the complex as global gold prices soar.

Jun 12, 2025 - 1:42 PM

US, China reach framework deal to ease export restrictions

US and Chinese officials agreed on a framework to put their trade truce back on track and resolve China’s export restrictions on rare earth minerals and magnets, US Commerce Secretary Howard Lutnick said on Tuesday at the conclusion of two days of intense negotiations in London.Lutnick told reporters that the framework puts “meat on the bones” of a deal reached last month in Geneva to ease retaliatory tariffs that had faltered over China’s curbs on critical minerals exports. The deal also will remove some US export restrictions that were recently put in place, he said.

Jun 11, 2025 - 2:05 PM

Glencore halted some cobalt deliveries over Congo export ban teaser image

Glencore halted some cobalt deliveries over Congo export ban

Glencore declared force majeure on some deliveries of cobalt from Democratic Republic of Congo days after the government suspended exports of the battery material, three sources familiar with the matter told Reuters.Congo, the world’s largest cobalt producing country, introduced a four-month ban on all cobalt exports in February in an attempt to curb a supply glut that helped send prices to nine-year lows and stifled its tax revenues.

Jun 11, 2025 - 2:03 PM

Lower-grade Australian iron ore sparks global benchmark change teaser image

Lower-grade Australian iron ore sparks global benchmark change

The longstanding global pricing benchmark for most traded iron ore cargoes will be adjusted in 2026 to reflect the falling quality of ore from top supplier Australia, pricing service Platts said.Platts, part of S&P Global Commodity Insights, proposed to revise down the specification for its benchmark index to 61% iron content from 62% due to the declining quality of Australian iron ore fines, the global price reporting agency (PRA) said on Tuesday.

Jun 11, 2025 - 1:46 PM

China coal imports could drop by up to 100mt in 2025, industry group says teaser image

China coal imports could drop by up to 100mt in 2025, industry group says

China’s coal imports could drop by up to 100 million metric tons in 2025, an official at a major industry group said, potentially putting further pressure on key price benchmarks already trading at multi-year lows.Imports by the world’s largest consumer, importer and producer of the fossil fuel rose to a record high of 542.7 million metric tons in 2024, as lower international coal prices spurred buyers to substitute imports for domestic supply.

Jun 11, 2025 - 1:44 PM

Copper output from Codelco climbs 21% in April teaser image

Copper output from Codelco climbs 21% in April

Copper production from Chilean state-run miner Codelco ticked up nearly 21% year-over-year in April, data from copper commission Cochilco showed on Tuesday, climbing to 114,600 metric tons.Codelco is the world’s largest miner of the red metal.Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, leaped some 31% to 128,400 tons.At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output slid 13.5% to 36,600 tons.(By Fabian Cambero; Editing by Brendan O’Boyle)

Jun 10, 2025 - 3:28 PM

Iron ore price extends fall on growing supply teaser image

Iron ore price extends fall on growing supply

Iron ore futures prices extended their decline into a second straight session on Tuesday, dragged by expectations of growing supply, although resilient demand from top consumer China and hopes of easing Sino-US trade tensions curbed losses.The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed daytime trade 0.85% lower at 698.5 yuan ($97.16) per metric ton.The benchmark July iron ore on the Singapore Exchange was down 0.63% to $94.1 a ton, as of 0700 GMT after hitting the lowest since June 3 at $93.9 earlier in the session.

Jun 10, 2025 - 11:27 AM

Allied Gold could look at options for power supply deal at Sadiola mine teaser image

Allied Gold could look at options for power supply deal at Sadiola mine

Canadian miner Allied Gold could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities, its CEO told Reuters in an interview on Monday.The gold miner signed an agreement in February with UAE-based Ambrosia Investment, giving Ambrosia a 50% stake in the mine in return for installing a new power supply system that would have improved the mine’s costs. Allied Gold was also supposed to receive $500 million, with approximately $250 million in upfront cash consideration from Ambrosia.

Jun 09, 2025 - 2:01 PM

Rio Tinto in bailout talks for Australian aluminum smelter, AFR reports teaser image

Rio Tinto in bailout talks for Australian aluminum smelter, AFR reports

Global miner Rio Tinto is in talks with Australian federal and state governments about a multibillion-dollar bailout for its struggling Tomago aluminum smelter in New South Wales state, the Australian Financial Review reported.The newspaper, citing sources it did not name, reported late on Friday that talks centred on the smelter’s electricity contract for 2026 to 2029 and federal production tax credits.Rio and the offices of New South Wales Premier Chris Minns and Prime Minister Anthony Albanese did not immediately respond to Reuters requests for comment on the report.

Jun 09, 2025 - 11:35 AM

Peru restores Nazca Lines protection after backlash over mining risk teaser image

Peru restores Nazca Lines protection after backlash over mining risk

Peru’s government has abandoned a plan that reduced the size of a protected area around the country’s ancient Nazca Lines, it said on Sunday, after criticism the change made them vulnerable to the impact of informal mining operations.

Jun 09, 2025 - 11:33 AM

Perth Mint’s May gold sales slip to 3-month low; silver down 31% teaser image

Perth Mint’s May gold sales slip to 3-month low; silver down 31%

The Perth Mint’s gold product sales in May softened to a three-month low as investor confidence lifted on the back of positive trade sentiment and reduced market volatility, the refiner said on Friday, while silver sales fell 31% from the prior month.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.

Jun 06, 2025 - 4:23 PM

Nippon Steel, US seek 8-day pause in litigation to resolve deal concerns teaser image

Nippon Steel, US seek 8-day pause in litigation to resolve deal concerns

Nippon Steel and the Trump administration on Thursday asked a US appeals court to extend a pause in their litigation for eight days, to give them more time to reach a deal allowing the Japanese firm to buy US Steel for $14.9 billion.The court is likely to approve an extension of the pause, first granted on April 7 when US President Donald Trump ordered a second national security review of the tie-up. That pause was set to expire on June 5.

Jun 06, 2025 - 11:51 AM

Nickel oversupply to persist on expansion, slower demand growth, industry experts say teaser image

Nickel oversupply to persist on expansion, slower demand growth, industry experts say

Oversupply in the global nickel market is expected to persist over the next few years given production capacity expansion and slower growth in demand for the metal used in batteries and stainless steel, speakers at an industry event said this week.A surge in new nickel supply in Indonesia, the world’s biggest producer with a market share of about 63%, has led to benchmark prices halving over the past three years.

Jun 06, 2025 - 11:49 AM