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Mining
Mining sector M&A set to accelerate as production falls, says Cupel Advisory director
(Kitco News) - The gold sector is entering an aggressive growth phase driven by high prices, falling production, and increased investor appetite for mergers and acquisitions, according to Nicole Adshead-Bell, Director of Cupel Advisory.
3 hours ago
Artemis Gold achieves commercial production at Blackwater, CEO eyes expansion, no dilution
8 hours ago
Congo gold miner halts operations in tax dispute with M23 rebel administration
5 hours ago
Gold reserves in London vaults rise in April as bullion returns from US
7 hours ago
Copper output from Codelco climbs 15% in March
7 hours ago
China’s copper concentrate imports at record high as more smelters prepare to open
7 hours ago
China launches campaign to crack down on strategic minerals smuggling
China has launched a special campaign to crack down on the smuggling of strategic minerals, a commerce ministry statement showed on Friday.Since China imposed export controls on strategic minerals such as gallium, germanium, antimony, tungsten and some rare earths, some overseas entities have colluded with domestic lawbreakers to continuously renovate their smuggling and export methods in an attempt to evade crackdown, the statement said.
7 hours ago
Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine
A convoy transporting heavy mining equipment from the Malian capital Bamako to Allied Gold’s Sadiola mine came under attack in the Kayes region over the weekend, two people familiar with the incident told Reuters late on Tuesday.The attack points to expanding security risks – and related additional costs – facing mining companies operating in military-led Sahel states that are struggling to contain Islamist militant groups.While government and military convoys more frequently come under attack in Mali, attacks on mining equipment have until now been rare.
May 08, 2025 - 12:42 PM
Barrick CEO says he does not know where Mali is keeping its confiscated gold
Barrick Mining is spending $15 million a month to keep its Mali mine running and doesn’t know where Mali’s government is keeping the gold it confiscated from the Canadian company, CEO Mark Bristow said on Wednesday.In an interview about the long-running conflict with authorities in the West African nation, Bristow said the government there had walked back on an agreement to settle a tax dispute three times, and called the jailing of Barrick employees in the country a human rights violation.
May 08, 2025 - 12:38 PM
US judge to rule by May 14 on Rio Tinto copper project
A US federal judge said he will rule by May 14 on whether to block the Trump administration from transferring Arizona land to Rio Tinto and BHP to build a major copper mine opposed by Native Americans.The long-running and complex legal case pits the religious rights of Arizona’s San Carlos Apache people against rising demand for copper for the energy transition and the geopolitics of China’s wide control over the critical minerals industry.
May 08, 2025 - 12:32 PM
Aurubis looks to boost US sales in absence of tariffs
Europe’s largest copper producer Aurubis is looking to increase its sales to the US while there are no import tariffs on the metal, CEO Toralf Haag told analysts on Thursday.Copper was not included in a list of reciprocal tariffs announced by the US in April but US President Donald Trump ordered a probe into copper imports in February. Aurubis said its findings are expected by November 2025 at the latest.“Our operation in the US is to play a role in the US copper market,” Haag said, adding that the company’s current sales to the US were limited.
May 08, 2025 - 12:23 PM
Nutrien misses first-quarter profit estimates on lower prices
Nutrien fell short of Wall Street expectations for first-quarter profit on Wednesday, as the top potash producer was impacted by lower prices and higher energy costs.Trade tensions between the United States and China following US President Donald Trump’s tariffs have led to volatility in crop prices over the past few months, prompting farmers to reign in costs, which in turn has hit demand for fertilizers.
May 08, 2025 - 12:21 PM
Lynas CEO says company is eyeing rare earths buys in Malaysia, Brazil
Lynas Rare Earths is eyeing potential purchases of rare earths deposits in Malaysia and Brazil and plans to work with early-stage developers to help bring their mines online, its CEO Amanda Lacaze said on Wednesday.The world’s largest rare earths producer outside of China is considering fresh growth options given macroeconomic uncertainties, she said at the Macquarie Australia Conference in Sydney.
May 07, 2025 - 11:05 AM
Niger security forces search Orano offices and seize phones
Security forces in Niger have searched the offices of uranium miner Orano’s local subsidiaries, seizing phones and equipment, two sources told Reuters on Tuesday, months after the French company said authorities had seized control of its Somair mine.One of the sources, who is close to Orano, also said local director Ibrahim Courmo had been arrested.Orano said it had “very limited” information on the situation because it had lost operational control of its subsidiaries in December.
May 07, 2025 - 10:12 AM
Guinea initiates process to cancel EGA’s mining licence, sources say
The government of Guinea has initiated a process to withdraw Emirates Global Aluminium’s mining licence in the West African nation, two people with knowledge of the matter told Reuters on Wednesday.Emirates Global Aluminium operates one of the largest bauxite mines in Guinea through its Guinea Alumina Corporation (GAC) subsidiary.The company has been in a dispute with the government of Guinea since October last year when its bauxite exports and mining operations were suspended by the authorities, which cited concerns over customs duties.
May 07, 2025 - 10:10 AM
Mining convoy attacked in Mali on road to Allied Gold’s Sadiola mine, sources say
A convoy transporting heavy mining equipment from the Malian capital Bamako to Allied Gold’s Sadiola mine came under attack in the Kayes region over the weekend, two people familiar with the incident told Reuters late on Tuesday.The attack points to expanding security risks – and related additional costs – facing mining companies operating in military-led Sahel states that are struggling to contain Islamist militant groups.While government and military convoys more frequently come under attack in Mali, attacks on mining equipment have until now been rare.
May 07, 2025 - 9:35 AM
Epic gold price run drives Barrick Mining’s first quarter earnings
(Kitco News) - The gold market’s unprecedented run at all-time highs continues to dominate and transform the mining sector, as the world’s second-largest gold producer reported a solid start to the year.
May 07, 2025 - 8:41 AM
Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says
CAIRO, May 6 (Reuters) - Saudi Arabia is set to discuss a potential agreement with the United States about cooperation in the fields of mining and mineral resources, the Saudi cabinet said in a statement reported by the country's state news agency on Tuesday.The statement did not provide the details of the "memorandum", which it said would be negotiated by the Saudi Ministry of Industry and Mineral Resources and the United States Department of Energy.The statement comes ahead of a visit by U.S. President Donald Trump to Saudi Arabia next week.
May 06, 2025 - 12:32 PM
Prices of aerospace material tantalite hit two-year highs on Congo unrest
May 6 (Reuters) - Tantalite prices hit two-year highs in Europe last week, driven by supply disruptions stemming from tensions in Democratic Republic of Congo, the world's leading producer of the mineral that supplies the electronics and aerospace industries.Tantalite is trading in a $100-$105 per lb range on the European spot market, its highest levels since April 2023 and a 25% increase since unrest started in January.Tantalite contains tantalum, a metal used for capacitors, medical devices and components for nuclear reactors.
May 06, 2025 - 12:29 PM
Investors should embrace the mining sector as gold prices hold above $3,300 - Gabelli Gold Fund
(Kitco News) - Investment demand continues to support gold prices at elevated levels above $3,300 an ounce. While some believe that the precious metal is overextended, one portfolio manager said there is still plenty of value in the marketplace—if you know where to look.
May 05, 2025 - 4:03 PM
