Mining

Trump celebrates Nippon Steel ‘deal’ with rally at Pennsylvania plant teaser image

Trump celebrates Nippon Steel ‘deal’ with rally at Pennsylvania plant

US President Donald Trump heads to Pittsburgh, Pennsylvania on Friday to headline a rally to celebrate Nippon Steel’s “planned partnership” with US Steel, signaling final approval for the deal could be on the horizon.Proponents of the transaction are hoping his visit to the state where US Steel is headquartered will cap a tumultuous 18-month effort by Nippon Steel to buy the iconic American company, beset by union opposition and two national security reviews.

May 30, 2025 - 2:15 PM

Ghana gold output could rise 6.25% to 5.1 million ounces in 2025 teaser image

Ghana gold output could rise 6.25% to 5.1 million ounces in 2025

May 30, 2025 - 12:46 PM

Iron ore pessimism subsides despite looming Simandou supply teaser image

Iron ore pessimism subsides despite looming Simandou supply

May 30, 2025 - 12:45 PM

Vale misses deadline for power to expand Brazil nickel complex teaser image

Vale misses deadline for power to expand Brazil nickel complex

May 30, 2025 - 12:42 PM

Trump spurs questions about safety of Germany’s gold in New York teaser image

Trump spurs questions about safety of Germany’s gold in New York

May 30, 2025 - 12:40 PM

Botswana’s ODC to start contract diamond sales in September teaser image

Botswana’s ODC to start contract diamond sales in September

May 30, 2025 - 12:38 PM

Barrick asks World Bank court to intervene in Mali proceedings

TORONTO, May 29 (Reuters) - Barrick Mining (ABX.TO), opens new tab has asked the arbitration tribunal of the World Bank to intervene in legal proceedings in Mali, as the miner faces the possibility of the Loulo-Gounkoto mine falling under the control of the Mali government.

May 29, 2025 - 7:49 PM

Kazatomprom’s Q1 profit fell to $238 million

Kazatomprom, the world’s largest uranium producer, saw profit fall to 121.066 billion tenge ($237.55 million) in the first quarter of 2025 from 148.943 billion tenge in the same period last year, the company said on Thursday.Kazakhstan increased uranium production in the first quarter of 2025 by 11% year-on-year to 5,633 tonnes. The country plans to produce 25,000-26,500 tonnes of uranium in 2025.($1 = 509.6500 tenge)(Reporting by Mariya Gorgeyeva; Writing by Ksenia Orlova; editing by Guy Faulconbridge)

May 29, 2025 - 12:05 PM

Nutrien plans major Pacific Northwest terminal to boost potash exports

Nutrien said on Wednesday it was planning a major terminal at a Pacific Northwest port and is currently exploring sites in the United States and Canada.“Nutrien is reviewing options to increase West Coast port capacity as part of our long-term strategy to strengthen supply chain resilience and support rising global demand for potash,” the company said in a statement.The Canada-based company is seeking a deep-water port with rail infrastructure capable of handling bulk potash exports for fast-growing Indo-Pacific markets, including China, India and Japan.

May 29, 2025 - 11:58 AM

Chile’s Cochilco raises copper price forecast teaser image

Chile’s Cochilco raises copper price forecast

Chile’s state copper commission Cochilco raised its average copper price forecast for 2025 to $4.30 per pound, citing an improved global outlook following a tariff agreement between the US and China, mining minister Aurora Williams said on Wednesday.The commission also increased its average price projection for 2026 to $4.30 per pound. Both estimates were previously $4.25 in its February report.Separately, the agency projected that Chilean copper production will increase by 3% this year and again in 2026, when it is expected to reach 5.84 million metric tons.

May 28, 2025 - 1:41 PM

China may relax rare earth export curbs for some chip companies teaser image

China may relax rare earth export curbs for some chip companies

China may relax curbs on exports of rare earths for Chinese and European semiconductor firms and other companies in their supply chain, state media said on Wednesday.In April, China put seven rare earths and related products on an export control list, forcing all exporters to apply for licences, regardless of the nationality of overseas customers.While a few licences have since been granted to exporters of rare earth magnets, used in the semiconductor, auto and defence industries, the complex licensing process can take months, and is already causing confusion at customs.

May 28, 2025 - 12:23 PM

SQM misses profit estimates as lithium prices remain under pressure teaser image

SQM misses profit estimates as lithium prices remain under pressure

SQM, the world’s second-largest lithium producer, on Wednesday missed quarterly profit estimates and warned of lower realized prices in the next quarter due to oversupply of the metal that is crucial for electric vehicle batteries.The company posted first-quarter net profit of $137.5 million, or 48 cents a share, compared to analysts’ estimates of $171.20 million, or 63 cents a share, according to LSEG data.The miner said its revenue for the January to March period came in at $1.04 billion, which is in line with analysts’ estimate of $1.045 billion, according to LSEG data.

May 28, 2025 - 12:20 PM

Nigeria to open two Chinese-backed lithium processing plants this year teaser image

Nigeria to open two Chinese-backed lithium processing plants this year

Nigeria is set to commission two major lithium processing plants this year, the country’s mining minister announced on Sunday, marking a shift from raw mineral exports towards adding value domestically.The facilities, largely funded by Chinese investors, could help transform Nigeria’s vast mineral wealth into jobs, technology, and manufacturing growth within the country.

May 27, 2025 - 4:10 PM

Swiss monthly gold imports from the US hit highest since at least 2012 teaser image

Swiss monthly gold imports from the US hit highest since at least 2012

Gold imports to Switzerland from the United States jumped to the highest monthly level since at least 2012 in April after the exclusion of precious metals from US import tariffs, Swiss customs data showed on Tuesday.Switzerland, the world’s biggest bullion refining and transit hub, and Britain, home to the world’s largest over-the-counter gold trading hub, registered massive outflows to the US over December-March as traders sought to hedge against the possibility of broad US tariffs hitting bullion imports.

May 27, 2025 - 4:09 PM

Ukraine revamps minerals sector, eyes billions in investment from US deal teaser image

Ukraine revamps minerals sector, eyes billions in investment from US deal

Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals deal with the US, its ecology minister said.The country has deposits of 22 of 34 minerals deemed as critical by the European Union for industries such as defence, high-tech appliances and green energy, as well as ferro alloy, precious and non-ferrous metals used in construction, and some rare earth elements.

May 27, 2025 - 4:06 PM

US will have golden share in Nippon Steel’s takeover of US Steel, senator says teaser image

US will have golden share in Nippon Steel’s takeover of US Steel, senator says

The US government will have veto power over key decisions relating to US Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel company, a US lawmaker said on Tuesday.The details are laid out in what is called a national security agreement the companies will sign with the US government, said Republican Senator David McCormick of Pennsylvania, where US Steel is headquartered.

May 27, 2025 - 4:03 PM

Guinea cancels 129 exploration permits, further tightening control teaser image

Guinea cancels 129 exploration permits, further tightening control

Guinea’s military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets.A senior official at the Ministry of Mines said the decision was taken to free unused resources for other investors.“We’ve simplified it by digitizing the whole system, which can now be better controlled,” the official told Reuters, speaking on condition of anonymity.It wasn’t immediately clear whether any significant investments would be affected by the move.

May 27, 2025 - 4:00 PM

US panel submits view on Nippon Steel-US Steel deal to Trump teaser image

US panel submits view on Nippon Steel-US Steel deal to Trump

A powerful US national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel’s fraught $14.9 billion bid for US Steel, a person familiar with the matter said, without providing further detail on its contents.The submission complies with an executive order signed by Trump last month, which tasked the Committee on Foreign Investment in the US with outlining whether any measures proposed by the companies assuage the national security risks previously identified by the committee.

May 23, 2025 - 4:08 PM

Poland to cut copper mining tax from 2026, finance minister says teaser image

Poland to cut copper mining tax from 2026, finance minister says

Poland’s copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday.The tax on mineral extraction, including copper, was introduced in 2012. Poland’s biggest copper miner KGHM paid 3.87 billion zlotys in tax in 2024, according to its annual report.

May 23, 2025 - 4:03 PM

Platinum price rockets to two-year high on strong Chinese demand, tightening supply teaser image

Platinum price rockets to two-year high on strong Chinese demand, tightening supply

Platinum prices surged to a two-year high on Friday, propelled by a sharp rise in Chinese imports, persistent supply concerns, and renewed investor interest in the metal used in catalytic converters, jewellery and electronic items.Spot platinum rose to its highest level since May 2023, to $1,096.40 per ounce. The metal is up 20% so far this year.

May 23, 2025 - 2:17 PM