Mining

Barrick and Newmont CEOs Step Down in Same-Day Shakeup for Gold Sector teaser image

Barrick and Newmont CEOs Step Down in Same-Day Shakeup for Gold Sector

(Kitco News) - In a surprising coincidence, the gold mining sector has seen a major shakeup, as the CEOs of the world’s top gold producers announced their departures on the same day.

Sep 29, 2025 - 4:58 PM

US offers to buy stakes in Australian critical minerals companies teaser image

US offers to buy stakes in Australian critical minerals companies

Oct 03, 2025 - 3:27 PM

Net-Zero Banking Alliance folds after mass exodus by members teaser image

Net-Zero Banking Alliance folds after mass exodus by members

Oct 03, 2025 - 3:13 PM

Tharisa to spend $547M on underground platinum mine project teaser image

Tharisa to spend $547M on underground platinum mine project

Oct 03, 2025 - 3:06 PM

Winchester Equity Corporation Announces New Loan Agreement teaser image

Winchester Equity Corporation Announces New Loan Agreement

Oct 03, 2025 - 2:19 PM

US offers to buy stakes in Australian critical minerals companies teaser image

US offers to buy stakes in Australian critical minerals companies

Oct 02, 2025 - 5:05 PM

Ivory Coast grants 11 new mining permits to boost exploration

Ivory Coast said it has granted 11 new mining exploration permits to local and international companies for gold, cobalt and copper, as the world’s top cocoa producer seeks to attract further investment in its booming mining sector as it diversifies.The new permits were announced by government spokesperson Amadou Coulibaly after they were approved at a cabinet meeting on Wednesday.

Oct 02, 2025 - 2:36 PM

Freeport Indonesia says search for five trapped Grasberg workers still ongoing

Miner Freeport Indonesia said on Thursday that the search for five missing workers at the Grasberg copper and gold mine was still ongoing, more than three weeks after a deadly mud flow disaster at the site.Around 800,000 metric tons of wet material flooded the mine on September 8, trapping seven workers. Two bodies have since been recovered.Operator Freeport-McMoRan has already declared force majeure at the mine and lowered its sales estimates.

Oct 02, 2025 - 11:26 AM

China, Malaysia in talks for rare earths refinery project, sources say

China and Malaysia are in early talks for a project to process rare earths, with sovereign wealth fund Khazanah Nasional likely to partner with a Chinese state-owned firm to build a refinery in the Southeast Asian nation, people familiar with the matter said.If the joint venture takes shape, it would represent a significant policy departure for China, the world’s top supplier and refiner of rare earths, which has banned export of its processing technology to protect its dominance of the industry.

Oct 02, 2025 - 10:54 AM

EU to cut steel import quotas, hike tariffs to 50% teaser image

EU to cut steel import quotas, hike tariffs to 50%

The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the US and Canada, two sources briefed on details told Reuters on Wednesday.The measures will be part of a new package for the steel sector due to be unveiled on October 7.Stephane Sejourne, the Commission’s executive vice president for industrial strategy, briefed steel associations and unions on Wednesday ahead of the announcement.

Oct 01, 2025 - 4:08 PM

Indonesia’s Merdeka starts mining at Pani gold project teaser image

Indonesia’s Merdeka starts mining at Pani gold project

Indonesian gold producer PT Merdeka Gold Resources on Wednesday began mining at its Pani gold project following the company’s 4.66 trillion rupiah ($280.7 million) initial public offering last month.The Pani mine has more than 7 million ounces of resources, Merdeka said in a statement. The company aims to produce 140,000 ounces of gold annually at the project in the early phase of its development.Production from the mine, located in Gorontalo on Sulawesi island, is expected to peak at 500,000 ounces per year, the company said.

Oct 01, 2025 - 4:05 PM

Japan’s Pan Pacific plans 2.5% cut in H2 copper output teaser image

Japan’s Pan Pacific plans 2.5% cut in H2 copper output

Pan Pacific Copper (PPC) plans output of 287,400 metric tons of refined copper production in the second half of the 2025/26 financial year, down 2.5% from a year earlier, Japan’s biggest supplier of the metal said on Wednesday.The second half of Japan’s financial year spans from October to March.PPC is 47.8% owned by JX Advanced Metals, 32.2% held by Mitsui Mining and Smelting and 20% by Marubeni.The company outsources smelting and refining operations to its parent companies’ plants, while it handles raw material procurement and refined metal sales.

Oct 01, 2025 - 3:58 PM

Sanctioned Russian copper firm in talks to acquire state-seized gold miner teaser image

Sanctioned Russian copper firm in talks to acquire state-seized gold miner

Russian copper producer UMMC is in talks with the government to acquire a majority stake in the gold mining company UGC which was seized by the state in July, two industry sources told Reuters on Wednesday.The sources confirmed an earlier report by the Izvestia newspaper, which said that a firm called Atlas Mining that holds some UMMC assets, is negotiating with the Finance Ministry regarding the acquisition.Neither UMMC nor the Finance Ministry responded to requests for comment from Reuters.

Oct 01, 2025 - 3:57 PM

Glencore’s Lomas Bayas mine operating as usual as waste yard fire weakens teaser image

Glencore’s Lomas Bayas mine operating as usual as waste yard fire weakens

Mining operations at Glencore’s Lomas Bayas copper mine in Chile are continuing as usual as emergency teams work to put out a fire which broke out in a waste yard, the unit said on Wednesday.The fire, which started around midday on Tuesday, has weakened in recent hours and remains contained to the area, Lomas Bayas said in a statement.(By Daina Beth Solomon)

Oct 01, 2025 - 3:55 PM

US coal auctions will test industry appetite for Trump mining revival teaser image

US coal auctions will test industry appetite for Trump mining revival

The Trump administration will auction off coal leases on federal lands in four US states in the coming days, a key test of mining industry interest in its efforts to revive a sector in decline.The sales in Alabama, Montana, Utah and Wyoming will be the first since President Donald Trump’s administration rolled out measures to support the coal industry with increased access to federal lands and hundreds of millions of dollars for more coal-fired power plants.

Oct 01, 2025 - 3:54 PM

Alcoa to shut Kwinana refinery, take $890M hit teaser image

Alcoa to shut Kwinana refinery, take $890M hit

Aluminum producer Alcoa Corp said on Monday it will permanently close its Kwinana alumina refinery in Western Australia and take a hit of $890 million in the third quarter related to the closure.The refinery’s current workforce of about 220 employees will be reduced through 2026 as the closure progresses while some will stay on further to prepare the site for future redevelopment, Alcoa said.In January last year, the US aluminum producer said it planned to stop production at the loss-making refinery amid challenging market conditions and the facility’s age.

Sep 30, 2025 - 2:37 PM

Liontown to revise Tesla offtake deal pricing, in talks with Ford teaser image

Liontown to revise Tesla offtake deal pricing, in talks with Ford

Liontown Resources said on Tuesday that it has agreed with Tesla to make changes to the pricing mechanism in their long-term offtake agreement.The pricing changes come as the lithium miner looks to move away from lithium hydroxide indices to spodumene concentrate, part of its bigger goal to be exposed to a “basket” of pricing references across main lithium products such as lithium hydroxide, lithium carbonate and spodumene concentrate.

Sep 30, 2025 - 2:31 PM

Nippon Steel buys 30% stake of Canada’s Kami iron ore project teaser image

Nippon Steel buys 30% stake of Canada’s Kami iron ore project

Japan’s Nippon Steel said on Tuesday it had bought a 30% stake in Canada’s Kami iron ore project, forming a joint venture with Australia’s Champion Iron and Sojitz to secure high-grade ore supplies for direct reduced iron.Japan’s top steelmaker paid C$42 million ($30.2 million) of the total C$150 million consideration through its unit NS Canadian Resources, with the remaining C$108 million to be paid pending an additional investment decision based on a feasibility study.

Sep 30, 2025 - 2:25 PM

Chilean copper output in August falls 9.9%, largest drop in two years teaser image

Chilean copper output in August falls 9.9%, largest drop in two years

Copper output in Chile, the world’s largest producer of the metal, in August had its sharpest drop in over two years, according to data from statistics agency INE published Tuesday.Production slipped 9.9% year-on-year, to 423,643 metric tons versus 470,696 tons in August 2024.The last time production plunged even further than that was in May 2023, when it registered an annual fall of about 14%.

Sep 30, 2025 - 2:24 PM