Mining

Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine, sources say

A convoy transporting heavy mining equipment from the Malian capital Bamako to Allied Gold’s Sadiola mine came under attack in the Kayes region over the weekend, two people familiar with the incident told Reuters late on Tuesday.The attack points to expanding security risks – and related additional costs – facing mining companies operating in military-led Sahel states that are struggling to contain Islamist militant groups.While government and military convoys more frequently come under attack in Mali, attacks on mining equipment have until now been rare.

May 07, 2025 - 9:35 AM

Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says

CAIRO, May 6 (Reuters) - Saudi Arabia is set to discuss a potential agreement with the United States about cooperation in the fields of mining and mineral resources, the Saudi cabinet said in a statement reported by the country's state news agency on Tuesday.The statement did not provide the details of the "memorandum", which it said would be negotiated by the Saudi Ministry of Industry and Mineral Resources and the United States Department of Energy.The statement comes ahead of a visit by U.S. President Donald Trump to Saudi Arabia next week.

May 06, 2025 - 12:32 PM

Prices of aerospace material tantalite hit two-year highs on Congo unrest

May 6 (Reuters) - Tantalite prices hit two-year highs in Europe last week, driven by supply disruptions stemming from tensions in Democratic Republic of Congo, the world's leading producer of the mineral that supplies the electronics and aerospace industries.Tantalite is trading in a $100-$105 per lb range on the European spot market, its highest levels since April 2023 and a 25% increase since unrest started in January.Tantalite contains tantalum, a metal used for capacitors, medical devices and components for nuclear reactors.

May 06, 2025 - 12:29 PM

Investors should embrace the mining sector as gold prices hold above $3,300 - Gabelli Gold Fund

(Kitco News) - Investment demand continues to support gold prices at elevated levels above $3,300 an ounce. While some believe that the precious metal is overextended, one portfolio manager said there is still plenty of value in the marketplace—if you know where to look.

May 05, 2025 - 4:03 PM

Peabody may exit Anglo American’s assets deal over damaged coal mine

Peabody Energy said on Monday if issues involving Anglo American’s Moranbah North mine were not resolved to its satisfaction, it may elect to terminate its pending deal to acquire some of the British mining company’s Australian steelmaking coal assets.Peabody’s shares were up over 4% in early trading.Production at Anglo American’s Moranbah North coal mine – located in the Bowen basin in Queensland, Australia – was suspended after an underground fire broke out at the mine in March.The mine is included in the assets deal signed between the companies last year.

May 05, 2025 - 3:31 PM

Fortuna eyes Guinea investments after Burkina Faso exit, CEO says

Canada’s Fortuna Mining is eyeing expansion into Guinea after exiting Burkina Faso, where it faced regulatory instability and high security costs because of jihadist threats, its CEO told Reuters.Fortuna, which is not currently established in Guinea, is looking for gold mining opportunities there, conducting site visits and meeting with authorities, Ganoza said.“We find Guinea to be a place we would invest today,” Jorge Ganoza said by video call.

May 05, 2025 - 3:29 PM

Rosatom sues Finnish firms $2.8B over nuclear plant contract

Russia’s Rosatom has filed a lawsuit in Moscow against Finland’s Fortum and Outokumpu, demanding 227.8 billion roubles ($2.8 billion) in compensation for losses over the termination of a contract for the Hanhikivi-1 nuclear power plant in Finland, court documents and Rosatom’s statement show.Rosatom is seeking compensation for losses caused “by the unlawful termination of the EPC contract” for the construction of the nuclear power plant, “violations of the shareholder agreement, the fuel supply contract, and the refusal to repay the loan”, company said on Monday.

May 05, 2025 - 3:14 PM

Trump style governance? Australia’s richest says yes, voters seem to disagree

Mining magnate Gina Rinehart is calling for Australia to follow the US lead by embarking on Donald Trump-style leadership to cut government largesse while boosting defence spending and energy security, as the country heads to the polls this weekend.A vocal Trump supporter who attended the president’s inauguration party in Mar-a-Lago in January, Rinehart told Reuters that rather than “whine and whinge” about Trump and his policies, Australia could benefit from a similar approach.

May 05, 2025 - 3:13 PM

Are gold investors hesitating even at $3,200?

(Kitco News) -With gold prices holding above $3,000 an ounce, some investors are still sitting on the sidelines – and that’s a mistake, says John Feneck, Founder and CEO of The Feneck Commodities Report.

May 05, 2025 - 11:06 AM

US-Ukraine deal is heavy on symbolism, light on minerals: Andy Home

LONDON, May 2 (Reuters) - U.S President Donald Trump's minerals deal with Ukraine is a big symbolic win for both sides.

May 02, 2025 - 9:16 AM

US says minerals deal will strengthen Trump in talks with Russia

Kyiv and Washington on Thursday hailed a deal giving the United States preferential access to new Ukrainian minerals as a milestone which a top US official said would allow President Donald Trump to negotiate with Russia on a stronger basis.The Kremlin was silent on Wednesday’s agreement, but former Russian President Dmitry Medvedev said it meant Trump had “broken the Kyiv regime” because Ukraine would have to pay for US military aid with mineral resources.

May 01, 2025 - 3:18 PM

Mining

Epic gold price run drives Barrick Mining’s first quarter earnings

Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine

Barrick CEO says he does not know where Mali is keeping its confiscated gold

US judge to rule by May 14 on Rio Tinto copper project

Aurubis looks to boost US sales in absence of tariffs

Nutrien misses first-quarter profit estimates on lower prices

Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil

Niger security forces search Orano offices and seize phones

Guinea initiates process to cancel EGA’s mining licence, sources say

Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine, sources say

Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says

Prices of aerospace material tantalite hit two-year highs on Congo unrest

Investors should embrace the mining sector as gold prices hold above $3,300 - Gabelli Gold Fund

Peabody may exit Anglo American’s assets deal over damaged coal mine

Fortuna eyes Guinea investments after Burkina Faso exit, CEO says

Rosatom sues Finnish firms $2.8B over nuclear plant contract

Trump style governance? Australia’s richest says yes, voters seem to disagree

Are gold investors hesitating even at $3,200?

US-Ukraine deal is heavy on symbolism, light on minerals: Andy Home

US says minerals deal will strengthen Trump in talks with Russia