Mining

Gold mining output to peak in 2027 with gradual plateau rather than sharp drop – World Gold Council

(Kitco News) – Global gold output is likely nearing its peak, with gold mining production gradually plateauing over the next two years, according to a new report from the World Gold Council.

Jan 07, 2026 - 1:22 PM

Iron ore price hits 5-month high on Chinese demand

Iron ore climbed to its highest in more than five months on Tuesday, underpinned by resilient demand in top consumer China and broad-based gains in stock markets.The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) gained 0.69% to 801 yuan ($114.77) a metric ton. Earlier in the session, the market climbed to its highest since late July at 806 yuan per ton.The benchmark February iron ore on the Singapore Exchange firmed 0.74% to $106.55 a ton as of 08:19 GMT.

Jan 07, 2026 - 12:15 PM

G7 finance ministers to meet in Washington to discuss rare earths

Finance ministers from the Group of Seven nations will meet in Washington on January 12 to discuss rare earths supplies, three sources familiar with the matter said on Tuesday.One of the sources added that price floors for rare earths would be a point of discussion, among other critical mineral topics.G7 countries, except Japan, are heavily or exclusively reliant on China for a range of materials from rare earth magnets to battery metals. In June last year, the G7 agreed on an action plan to secure their supply chains and boost their economies.

Jan 06, 2026 - 4:23 PM

Venezuela’s oil and mining sectors: large potential, weak infrastructure

Following are key facts about the oil and mining sectors of Venezuela, whose President Nicolas Maduro was captured by US forces on Saturday.ReservesVenezuela has the world’s largest estimated oil reserves but its crude output remains at a fraction of capacity due to decades of mismanagement, lack of investment and sanctions, official data shows.Venezuela holds about 17% of global reserves or 303 billion barrels, ahead of Organization of the Petroleum Exporting Countries (OPEC) leader Saudi Arabia, according to the London-based Energy Institute.

Jan 06, 2026 - 3:57 PM

Viridis gets support for up to $50M funding for Colossus rare earth project

Viridis Mining and Minerals said on Monday that the Australian miner had received a non-binding letter of support from Export Finance Australia (EFA) for a potential funding of up to $50 million for its Colossus rare earth minerals project in Brazil.“Securing a non-binding letter of support from EFA represents the final cornerstone in our Colossus debt financing strategy,” managing director Rafael Moreno said in a statement.The Colossus project last month received a preliminary environmental license from Brazil’s southeastern state of Minas Gerais.

Jan 06, 2026 - 3:03 PM

Azerbaijan’s oil fund earned more than $10B from gold investments, president says

Azerbaijan’s State Oil Fund has earned more than $10 billion from increased investments in gold after the country took a strategic decision last year to boost its gold reserves, President Ilham Aliyev said late on Monday.Aliyev, interviewed by Azeri television channels, said the decision was taken against the backdrop of geopolitical developments and was based on his expectation that gold prices would rise sharply.“We clearly saw how geopolitical events were developing, and I was absolutely confident that the price of gold would increase. And it soared,” Aliyev said.

Jan 06, 2026 - 2:56 PM

US awards $2.7 billion worth of orders to boost uranium enrichment

The US Energy Department announced on Monday it was awarding orders totaling $2.7 billion to three companies to boost domestic uranium enrichment over the next 10 years in a broader effort to reduce US dependence on Russian supply.American Centrifuge Operating, General Matter and Orano Federal Services secured the orders, the department said in a statement.

Jan 06, 2026 - 2:55 PM

Codelco’s 2025 copper production hits 1.332 million tons: Chilean media

Copper production at Chile’s Codelco reached 1.332 million metric tons in 2025, slightly improving on its 2024 production figure, local newspaper La Tercera reported on Monday.Citing sources, La Tercera said Codelco’s production had reached 1.332 million tons last year, just a 4,000-ton increase from the 1.328 million tons produced in 2024.Codelco did not immediately respond to a request for comment on the production figure.Codelco chairman Maximo Pacheco in recent days had said production increased in 2025 compared to a year prior.

Jan 06, 2026 - 2:51 PM

Record copper price signals accelerating race for supplies

Copper prices soared to records above $13,000 a metric ton on Monday, driven by fears of shortages and expectations turmoil in Venezuela could accelerate the broader race to secure critical minerals.Expectations of strong demand growth from data centres needed for artificial intelligence and electric vehicles helped fuel a 40% increase last year in prices of the metal used to make power cables.“Copper prices need to rise further to persuade miners to generate significant new production,” SP Angel analyst John Meyer said.

Jan 06, 2026 - 2:42 PM

Suspected jihadists attack Mali’s Morila mine

Suspected jihadists attacked the Morila gold mine in Mali at the weekend, burning equipment and taking seven employees hostage before releasing them, an official from the mining ministry told Reuters on Monday.The attack highlights mounting security risks in Mali, Africa’s third-largest gold producer, which is battling al Qaeda-linked jihadists that have targeted economic assets and foreign investment.

Jan 06, 2026 - 2:41 PM

Mining

Portugal’s government backs Savannah’s lithium mine with $128M grant

Gold Reserve settles bank fees linked to PDV Holdings loan

Pan Pacific hikes 2026 Japan copper premium to record $330/t

IPO of India’s top coking coal miner oversubscribed on first day

Gold reserves in London vaults rise 2.24% in December

African states, business groups eyeing stake in De Beers, CEO says

Perth Mint’s December gold, silver sales slip versus November

China’s central bank buys gold for 14th consecutive month

Lundin Gold expects steady Ecuador mine annual output through 2028

Pressure for Indonesian quota U-turn is a risk for nickel price rally

Gold mining output to peak in 2027 with gradual plateau rather than sharp drop – World Gold Council

Iron ore price hits 5-month high on Chinese demand

G7 finance ministers to meet in Washington to discuss rare earths

Venezuela’s oil and mining sectors: large potential, weak infrastructure

Viridis gets support for up to $50M funding for Colossus rare earth project

Azerbaijan’s oil fund earned more than $10B from gold investments, president says

US awards $2.7 billion worth of orders to boost uranium enrichment

Codelco’s 2025 copper production hits 1.332 million tons: Chilean media

Record copper price signals accelerating race for supplies

Suspected jihadists attack Mali’s Morila mine