Mining

Barrick reports record Q3 earnings and cash flow, boosts dividend 25%

(Kitco News) - Higher gold prices continue to transform the mining sector and provide growing value for investors, as one of the world’s biggest gold producers announced record earnings during the third quarter.

Nov 10, 2025 - 11:16 AM

Codelco offers US clients copper at record premiums above $500/t over LME prices

Nov 28, 2025 - 3:33 PM

Russia’s central bank says gold demand driven by G7 attempt to get Moscow’s frozen assets

Russia’s central bank said on Thursday that central banks in emerging markets were buying gold to diversify their international reserves due to an attempt by the G7 to use billions of dollars of frozen Russian assets.On track for its biggest yearly rise since 1979, gold is up 59% so far this year after hitting a record high of $4,381 a troy ounce on October 20 on safe-haven demand driven by geopolitical tensions and US tariff uncertainty.The central bank said that investor interest in gold was rising due to uncertainty about global growth.

Nov 27, 2025 - 3:54 PM

Zimbabwe to hike royalties on gold producers to cash in on record prices

Zimbabwe will hike royalties on gold producers as it moves to take advantage of recent record high bullion prices, a 2026 national budget speech showed on Thursday.As part of a raft of revenue measures aimed at boosting state income and supporting local industry, gold miners will pay a 10% royalty if prices exceed $2,501 per ounce, according to the document.Bullion has fallen 5% since hitting a record high of $4,381.21 on October 20, but has broadly traded above $4,000 an ounce.

Nov 27, 2025 - 3:52 PM

US group sues Apple over Congo conflict minerals

A US-based advocacy group has filed a lawsuit in Washington accusing Apple of using minerals linked to conflict and human rights abuses in the Democratic Republic of Congo and Rwanda despite the iPhone maker’s denials.International Rights Advocates (IRAdvocates) has previously sued Tesla, Apple and other tech firms over cobalt sourcing, but US courts dismissed that case last year.

Nov 26, 2025 - 1:15 PM

India approves $816 million rare earth permanent magnets manufacturing programme

India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said on Wednesday, in an effort to cut reliance on imports for the elements critical to sectors ranging from electric vehicles and aerospace to defence and renewable energy.India’s consumption of rare earth permanent magnets – one of the strongest types of permanent magnets – is expected to double by 2030, but it currently meets its demand primarily through imports, according to the government.

Nov 26, 2025 - 9:52 AM

Codelco’s record China copper price offer sparks threats to walk away, sources say

Chilean copper heavyweight Codelco’s record high offers to Chinese copper buyers are leading some to declare they will opt out of next year’s term contracts as questions grow about the relevance of the benchmark for Chinese buyers.The Codelco premium, which is paid on top of London Metal Exchange copper prices CMCU3, is often used as a reference for global copper supply contracts, as Codelco is the world’s largest copper producer and China the largest consumer.

Nov 26, 2025 - 9:46 AM

Lynas warns of production hit from power disruptions at Kalgoorlie

Lynas Rare Earths warned on Tuesday of a one-month production shortfall this quarter due to significant power supply disruptions at its Kalgoorlie processing facility in Western Australia.The production shortfall could be a potential setback for the world’s largest rare earths producer outside China as it tries to ramp up output amid a growing push from countries to reduce their reliance on China.

Nov 25, 2025 - 5:19 PM

Canada's Barrick to pay $430 million to settle Mali gold mine dispute, Bloomberg News reports

Nov 25 (Reuters) - Barrick Mining (ABX.TO), has agreed to a 244 billion CFA francs ($430 million) settlement with Mali, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Nov 25, 2025 - 8:52 AM

China's October net gold imports via Hong Kong fall about 64% from September

Nov 25 (Reuters) - China's net gold imports via Hong Kong in October fell about 64% from September, Hong Kong Census and Statistics Department data showed on Tuesday.WHY IT'S IMPORTANTAs the world's leading gold consumer, China's purchasing activities can significantly influence global gold markets.The Hong Kong data may not provide a complete picture of Chinese purchases, as gold is also imported via Shanghai and Beijing.BY THE NUMBERSNet imports via Hong Kong to China for October stood at 8.02 metric tons, compared with 22.047 tons in September.

Nov 25, 2025 - 8:20 AM

Barrick and Mali agree in principle to resolve dispute over gold mine

Barrick Mining and Mali’s government have reached a verbal agreement in principle to resolve their dispute over the Loulo-Gounkoto gold mining complex, two sources familiar with the situation told Reuters on Friday.No agreement has yet been signed, the sources said.A spokesperson for Barrick Mining did not immediately respond to a request for comment. A spokesperson for Mali’s mines ministry said negotiations were progressing well but did not provide further details.

Nov 24, 2025 - 4:32 PM

Torex targets $110 million investment in Mexico next year

Canadian miner Torex Gold is set to invest around $110 million in Mexico next year, an executive told newspaper Reforma in an interview published on Friday.Torex will invest around $100 million in its Morelos mine, in the Pacific state of Guerrero, the miner’s Mexico senior vice president Faysal Rodriguez told Reforma.Investments at Los Reyes in Sinaloa state will tally between $7 million and $8 million and at Batopilas in Chihuahua state between $3 million and $4 million.

Nov 24, 2025 - 4:31 PM

Britain unveils critical minerals strategy to cut reliance on foreign supply

Britain on Saturday rolled out a critical minerals strategy designed to reduce dependence on foreign suppliers by 2035, with targets to source 10% of domestic demand from UK production and 20% from recycling, the government said, as global competition for these essential resources intensifies.Backed by up to 50 million pounds in new funding, the strategy seeks to ensure no more than 60% of the UK’s supply of any one critical mineral comes from a single country by 2035, according to a statement.

Nov 24, 2025 - 4:29 PM

Toxic mines put Southeast Asia’s rivers, people at risk, study says

For most of her life, 59-year-old farmer Tip Kamlue has irrigated her fields in northern Thailand with the waters of the Kok River, which flows down from neighbouring Myanmar before joining with the Mekong River that cuts through Southeast Asia.But since April, after authorities warned residents to stop using the Kok’s water because of concerns over contamination, Tip has been using groundwater to grow pumpkins, garlic, sweet corn and okra.

Nov 24, 2025 - 4:28 PM

Mining

Barrick reports record Q3 earnings and cash flow, boosts dividend 25%

Codelco offers US clients copper at record premiums above $500/t over LME prices

LME to lower client fees in 2026 in bid to boost liquidity

Vale announces $0.67 per share in dividends and interest on equity

Refined copper output growth to slow in 2026: ICSG

Platinum prices rise as China launches new futures contracts

Japanese copper smelters seek 2026 TC/RCs different from China-set benchmarks

Comex copper premium here to stay, LME executive says

Russia’s central bank says gold demand driven by G7 attempt to get Moscow’s frozen assets

Zimbabwe to hike royalties on gold producers to cash in on record prices

US group sues Apple over Congo conflict minerals

India approves $816 million rare earth permanent magnets manufacturing programme

Codelco’s record China copper price offer sparks threats to walk away, sources say

Lynas warns of production hit from power disruptions at Kalgoorlie

Canada's Barrick to pay $430 million to settle Mali gold mine dispute, Bloomberg News reports

China's October net gold imports via Hong Kong fall about 64% from September

Barrick and Mali agree in principle to resolve dispute over gold mine

Torex targets $110 million investment in Mexico next year

Britain unveils critical minerals strategy to cut reliance on foreign supply

Toxic mines put Southeast Asia’s rivers, people at risk, study says