Mining

    Gold's correction is a buying opportunity as governments won't tolerate economic pain - Waratah Capital's Dunkley teaser image

    Gold's correction is a buying opportunity as governments won't tolerate economic pain - Waratah Capital's Dunkley

    (Kitco News) - Gold's recent correction has created a compelling opportunity in both bullion and mining equities as governments and central banks will eventually prove unwilling to tolerate economic pain, according to one veteran portfolio manager who expects policymakers to keep the economy running hot for years to come.

    Kitco Mining Channel

    Lynas, South Korean magnet maker sign deal for Malaysia factory

    Lynas Rare Earths said on Tuesday it has signed a partnership deal with South Korea’s JS Link to develop a magnet factory in Malaysia.The Australian rare-earths producer will also supply rare-earth materials to JS Link’s magnet factory in South Korea and the planned factory in Malaysia until January 2038.The partnership follows a magnet manufacturing deal between the two companies last year.

    CATL secures safety permit to restart production at flagship lithium mine

    China’s CATL has obtained a safety production permit for its flagship Jianxiawo mine, clearing a key regulatory hurdle to restart production following a suspension that lasted nearly a year. Miningnews subscriptionThe Chinese battery giant secured the permit on June 29, which would be effective until February 27, 2028, according to information posted on Credit China, a state-run website tracking corporate and individual compliance.In August, CATL said it had suspended operations at the Jianxiawo mine in eastern China’s Yichun city when its previous license expired.

    Russian steelmaker Severstal weighs another investment cut

    Russian steelmaker Severstal may cut its investment program by another 24% to around 85 billion roubles ($1.1 billion) in 2027 due to falling steel demand, according to a company presentation for investors seen by Reuters on Friday.The measures should help ensure positive free cash flow, the company said.The forecast for 2027 is preliminary and will remain under review until the end of 2026, according to the presentation.
    KGHM is exploring acquisition possibilities outside Europe, CEO says teaser image

    KGHM is exploring acquisition possibilities outside Europe, CEO says

    Poland’s state-controlled copper and silver miner KGHM is exploring potential acquisition opportunities outside Europe under its new strategy, including projects in Morocco, Argentina, Canada and the United States, chief executive Remigiusz Paszkiewicz said on Monday.Overseas assets generated about 48% of KGHM’s core profit in 2025, driven by production at its 55%-owned Sierra Gorda mine in Chile and the Robinson mine in Nevada. Miningnews subscription
    Carester to build rare earths separation plant in Malaysia’s Perak teaser image

    Carester to build rare earths separation plant in Malaysia’s Perak

    French company Carester plans to build a rare earths separation plant in Malaysia’s Perak state as part of its 10-year joint venture with local miner Malaco Mining Group, its chief executive said on Monday.CEO Frederic Carencotte said the partnership was also seeking permission from local authorities to carry out rare earths mining via in-situ leaching in plantation areas in several Malaysian states, without identifying the locations.
    Congo sees no major threat from Middle East crisis to copper, cobalt output teaser image

    Congo sees no major threat from Middle East crisis to copper, cobalt output

    Democratic Republic of Congo does not expect significant disruptions to copper and cobalt production this year due to chemical supply constraints stemming from conflict in the Middle East, a senior mining official told Reuters.The US-Iran conflict that broke out on February 28 and has largely drawn to a halt after last month’s interim peace treaty, has disrupted sulfuric acid supplies, an essential input for copper and cobalt production. Metals& Mining
    Moody’s places South32 on review for ratings downgrade after Alcoa deal teaser image

    Moody’s places South32 on review for ratings downgrade after Alcoa deal

    Moody’s Ratings said on Friday it placed Australian miner South32’s credit ratings on review for downgrade after it agreed to sell most of its aluminum assets to Alcoa for as much as $5.6 billion.“The divestment would materially reduce the company’s scale, commodity diversification and operating footprint, while removing assets that contributed around 37% of underlying earnings on average over the five fiscal years ended 2025,” the ratings agency said.(By Christine Chen; Editing by Thomas Derpinghaus)
    Congo cobalt exporters fear losing quotas due to administrative glitch teaser image

    Congo cobalt exporters fear losing quotas due to administrative glitch

    Major cobalt producers in the Democratic Republic of Congo risk losing some of their first-half export quotas due to an administrative glitch affecting a customs platform, according to industry officials and a letter seen by Reuters.Due to new directives withdrawing unused quotas, the disruption threatens exports of the battery metal from leading global producers and could result in as much as 20,000 metric tons of missed shipments worth $1.1 billion at current prices, one industry source estimated.
    Codelco debt and high costs hurt competitiveness, document says teaser image

    Codelco debt and high costs hurt competitiveness, document says

    Chile’s state-run copper giant Codelco sees soaring costs, which are over one-and-a-half times above its global rivals, and heavy debt are the main challenges to the struggling company’s competitiveness, according to an internal document seen by Reuters.The document said that, compared with industry rivals, Codelco has “significantly higher” costs, with a direct cost (C1) 57% higher than major international mining companies and 72% higher than the main national operations.
    Antofagasta to seek environmental approval for Encierro, Volcanes exploration in fourth quarter teaser image

    Antofagasta to seek environmental approval for Encierro, Volcanes exploration in fourth quarter

    Chilean copper miner Antofagasta (LON: ANTO) plans to submit environmental applications to broaden its exploration activities for its Encierro and Volcanes projects in the fourth quarter of this year, according to a company document seen by Reuters.The move would mark a step forward for two of Antofagasta’s longer-term copper growth options, as major miners race to replenish copper pipelines while grappling with challenging permitting processes, water constraints and aging deposits in top producer Chile.
    KGHM launches $8.55 billion investment plan teaser image

    KGHM launches $8.55 billion investment plan

    Polish state-controlled copper and silver producer KGHM on Friday set a new strategy committing more than 32 billion zlotys ($8.55 billion) in investment through the end of the decade while setting new output and profit targets.The plan, called “Strategy 2055+,” targets average annual adjusted core profit, measured as earnings before interest, taxes, depreciation and amortisation (EBITDA), of 12 billion zlotys, paid copper output of 730,000 tonnes and silver production of 1,290 tonnes between 2026 and 2030.
    Australia flags risk to iron ore price from China state buyer teaser image

    Australia flags risk to iron ore price from China state buyer

    An Australian government report on Friday said efforts by China’s state-backed iron ore buyer to cut costs for Chinese steel mills may push down prices in the medium term, in a rare acknowledgment that such activity could affect earnings.Australia is the largest exporter of iron ore, which it counts as its single biggest export-earner and a significant contributor to government revenue. China buys roughly three-quarters of the entire seaborne trade.
    UAE’s IHC, Adani plan $11.5 billion aluminum project in India’s Odisha teaser image

    UAE’s IHC, Adani plan $11.5 billion aluminum project in India’s Odisha

    Abu Dhabi’s International Holding Company (IHC) plans to invest $11.5 billion in an integrated aluminum project in the eastern Indian state of Odisha through a joint venture with India’s Adani Group, a state official said on Thursday, in what would be the country’s largest foreign investment in the metals sector.The investment comes as India seeks to expand domestic aluminum production to meet growing demand from the infrastructure, power, transport and renewable energy industries, while reducing reliance on imports of value-added metal products.