Mining

Newmont reports record free cash flow in Q2 despite lower production teaser image

Newmont reports record free cash flow in Q2 despite lower production

(Kitco News) - Despite a year-over-year decline in gold output, Newmont Corporation—the world’s largest gold producer—reported record quarterly free cash flow in the second quarter, fueled by significantly higher gold prices and disciplined cost control.

Jul 24, 2025 - 4:57 PM

Rosatom launches pilot uranium processing plant in Tanzania teaser image

Rosatom launches pilot uranium processing plant in Tanzania

US Steel appoints three American board directors after Nippon deal teaser image

US Steel appoints three American board directors after Nippon deal

Southern Copper expects turmoil from US-China trade war to hit copper teaser image

Southern Copper expects turmoil from US-China trade war to hit copper

Endeavour, two other gold producers sign on to Mali’s new mining code teaser image

Endeavour, two other gold producers sign on to Mali’s new mining code

Jul 29, 2025 - 11:00 AM

Iron ore price stays above $100/t amid Sino-US trade talks teaser image

Iron ore price stays above $100/t amid Sino-US trade talks

Jul 29, 2025 - 10:58 AM

Mining giant Grupo Mexico reports Q2 profit up 10%

MEXICO CITY, July 29 (Reuters) - Mining and transportation conglomerate Grupo Mexico reported a second-quarter net profit that climbed 10%, surpassing analysts' forecasts as it cut costs in its mining division, even as revenues and copper production slipped downward.

Jul 29, 2025 - 10:46 AM

Peru mulls green light for $6 billion in mining projects

Peru is evaluating the authorization of 134 mining exploration and exploitation projects worth an estimated investment of $6 billion, President Dina Boluarte said on Monday, as her government looks to boost revenues from the key industry.Boluarte said in an address to Congress that by the end of this year she expected the formal small-scale mining sector to generate more than $5 billion in annual sales, and that $4.7 billion in formal projects should have started construction by 2026.

Jul 28, 2025 - 4:40 PM

Chile will ask US to include copper within broader trade talks

Chile expects US copper tariffs to be discussed within broader US trade talks in Washington this week, Finance Minister Mario Marcel said on Monday in an interview with local radio program Duna.Marcel added that Chile would ask for any tariffs to be included within a broader trade agreement with the United States. President Trump’s administration has said it will impose 50% tariffs on copper imports as of August 1.

Jul 28, 2025 - 2:48 PM

Platinum price rally pulls producers from the brink, Valterra CEO says teaser image

Platinum price rally pulls producers from the brink, Valterra CEO says

The platinum price rally during the first half of 2025 has helped most mines recover from loss-making positions but the industry is still far from adding new production, Valterra Platinum CEO Craig Miller said on Monday.South African miners, which account for over 70% of the world’s platinum supply, cut out unprofitable production over the past two years after metal prices collapsed, amid warnings that the industry was in terminal decline.

Jul 28, 2025 - 11:53 AM

Ghana cancels $1.2 billion bauxite deal, eyes global partnership teaser image

Ghana cancels $1.2 billion bauxite deal, eyes global partnership

Ghana has cancelled a $1.2 billion bauxite lease with local firm Rocksure International, seeking a partnership instead with a big overseas company to tap one of West Africa’s richest deposits, three sources with direct knowledge of the matter said.Potential partners include Dubai-based Emirates Global Aluminium (EGA) or a Chinese firm, two of the sources said.

Jul 28, 2025 - 11:49 AM

US prioritizes recovery of critical minerals from mine waste teaser image

US prioritizes recovery of critical minerals from mine waste

The US Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from electric vehicles to high-tech weapons, from mine waste, coal refuse, tailings and abandoned uranium mines.Interior Secretary Doug Burgum directed his department to streamline federal regulations on the recovery of the minerals such as rare earths, lithium and cobalt from the waste.

Jul 25, 2025 - 3:17 PM

China lithium futures rise 8% to hit six-month high teaser image

China lithium futures rise 8% to hit six-month high

Prices of lithium futures in China climbed by 8% on Friday to a six-month high.The most active lithium carbonate futures on the Guangzhou Futures Exchange hit the highest since January 21 at 80,520 yuan ($11,244) a metric ton.($1 = 7.1612 Chinese yuan)(By Amy Lv and Lewis Jackson; Editing by Jacqueline Wong)

Jul 25, 2025 - 2:58 PM

High prices stifle gold demand in top Asian hubs; India widens discount teaser image

High prices stifle gold demand in top Asian hubs; India widens discount

Physical gold demand in key Asian hubs was subdued this week, as rising prices dampened sentiment, prompting dealers in top consumer China and India to offer steep discounts to attract buyers.Indian dealers offered discounts of up to $15 an ounce over official domestic prices this week, which include a 6% import and 3% sales tax, up from a discount of up to $10 last week.“Buyers are struggling to understand the broader trend. Prices were rallying at the beginning of the week but suddenly corrected mid-week,” said a Chennai-based jeweller.

Jul 25, 2025 - 2:54 PM

White House taps mining expert to head national security office teaser image

White House taps mining expert to head national security office

The White House has tapped a former mining executive to head an office at the National Security Council focused on strengthening supply chains, three sources said, as a pared-down NSC zeroes in on a few of President Donald Trump’s most oft-stated priorities.David Copley, who was chosen earlier in the year to serve as the top mining official at the US National Energy Dominance Council, or NEDC, an interagency body chaired by the interior secretary, is now a senior director at the NSC, said the sources, who requested anonymity to discuss non-public personnel moves.

Jul 24, 2025 - 4:32 PM

Japan copper smelters face tough talks with global miners over processing fee teaser image

Japan copper smelters face tough talks with global miners over processing fee

Japanese copper smelters face tough mid-year negotiations with global miners over treatment and processing charges (TC/RCs) as they wouldn’t be able to accept the very low terms that Chinese smelters agreed with suppliers, the Japan Mining Industry Association’s head said on Thursday.

Jul 24, 2025 - 3:08 PM

Anglo American’s copper, diamond production falls in first half teaser image

Anglo American’s copper, diamond production falls in first half

Anglo American on Thursday reported a 13% fall in copper production in the first half of the year to 342,200 metric tons, and a 26% fall in rough diamonds, as demand remains sluggish.The London-listed miner still expects to mine 690,000-750,000 tons of copper this year, down from 773,000 in 2024. The metal is used in electrical wiring and its demand is expected to increase for electric vehicles and renewable energy infrastructure.The miner is restructuring its business to mainly focus on copper, as well as iron ore, following BHP’s failed attempt to take it over last year.

Jul 24, 2025 - 11:15 AM

US prioritizes recovery of critical minerals from mine waste teaser image

US prioritizes recovery of critical minerals from mine waste

The US Interior Department on Thursday took steps to increase recovery of critical minerals, used in everything from electric vehicles to high-tech weapons, from mine waste, coal refuse, tailings and abandoned uranium mines.Interior Secretary Doug Burgum directed his department to streamline federal regulations on the recovery of the minerals such as rare earths, lithium and cobalt from the waste.

Jul 24, 2025 - 11:11 AM

Chile bumps up copper price forecast, flags lagging Collahuasi output teaser image

Chile bumps up copper price forecast, flags lagging Collahuasi output

Top copper supplier Chile on Wednesday bumped up its outlook for prices of the red metal, though it flagged lagging output from a major mine operated by Glencore and Anglo American as weighing on economic growth.Finance Minister Mario Marcel, in a presentation to Congress, upped the government forecast for average copper prices for this year to $4.28 per pound, from $4.26 per pound previously.

Jul 23, 2025 - 5:54 PM