Mining

China urges US to follow international law on reported deep-sea metals stockpile plan

Apr 14, 2025 - 5:54 PM

Ghana orders foreigners to exit gold market by April 30

Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling.Africa’s leading gold producer is shifting away from a system in which local and foreign companies with export licenses can buy and export gold from artisanal or small-scale mining.

Apr 14, 2025 - 5:53 PM

China to keep building coal plants through 2027, state planner says

China plans to keep building coal-fired power plants through 2027 in regions where they are needed to meet peak power demand or stabilise the grid, according to government guidelines for upgrading the coal power system released on Monday.That policy may raise questions about China’s commitment to phasing down coal use during the 2026-2030 period, although it says new coal projects are considered a back-up for renewable generation whose output depends on sunlight and wind conditions.

Apr 14, 2025 - 5:39 PM

Goldman Sachs cuts aluminium price forecast on weaker growth outlook

April 14 (Reuters) - Goldman Sachs on Monday reduced its forecast for aluminium prices this year after its economists downgraded global growth forecasts including for the U.S. and China following the Trump administration's move to sharply increase tariffs.

Apr 14, 2025 - 10:32 AM

Copper output from Codelco slips 6% in February

Copper production from Chilean state-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons.Codelco is the No. 1 miner of the red metal globally, but has struggled to boost declining output in recent years.Meanwhile production at BHP’s Escondida mine, the world’s largest copper mine, leaped 16%, climbing to 113,400 tons.At Collahuasi, another major copper mine jointly run by Glencore and Anglo American, output slid 62% to just 17,000 metric tons.

Apr 11, 2025 - 11:59 AM

Panama government says First Quantum withdraws arbitrations

Panama’s government on Wednesday said it had received formal confirmation of the withdrawal of the arbitrations against the country filed by Canadian miner First Quantum Minerals following the closure of the Cobre Panama mine at the end of 2023.(By Elida Moreno; Editing by Aida Pelaez-Fernandez)

Apr 10, 2025 - 2:14 PM

Copper smelting activity fell sharply in March, satellite data shows

Global copper smelting activity fell sharply in March to the weakest reading so far in 2025 as some smelters in the world’s top copper refiner China entered the usual maintenance season early, data from satellite surveillance showed on Thursday.Earth-i, which specializes in observational data, tracks smelters representing up to 95% of global production for its SAVANT service and sells data to fund managers, traders and miners.Last month, an average of 12.6% of global copper smelter capacity monitored was inactive, up from 8.8% in February, the company said in a statement.

Apr 10, 2025 - 2:12 PM

Sayona-Piedmont merger forms Elevra Lithium with equal board representation

The combined company following Australia-based Sayona Mining’s deal to buy Piedmont will be known as Elevra Lithium and its board will have four nominees from each of the two firms, the miners said on Thursday.Lithium companies have been reeling from low prices as rapid supply growth has outpaced strong demand projections amid a slower-than-expected uptake of electric vehicles.In November, Sayona said the all-stock deal for US-based Piedmont will help to consolidate its Canadian operations and strengthen its exposure to the North American electric vehicle sector.

Apr 10, 2025 - 2:11 PM

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower

Donald Trump’s latest shift on Nippon Steel’s $14 billion bid for US Steel sent shares of the 124-year-old American company down 7% on Thursday, after Trump said a day earlier that he does not want the steel producer to “go to Japan.”

Apr 10, 2025 - 2:09 PM

Mexico seeks to solve problems that led to mine strikes

Mexican President Claudia Sheinbaum said on Thursday that her team was seeking to resolve issues which had led to strikes at three mines, including a large copper mine in the Cananea region in the northern state of Sonora.These strikes were long-running, Sheinbaum said in her regular morning press conference, adding that the working conditions of miners needed to be improved and the environment protected.The Buenavista del Cobre mine in Cananea is operated by Grupo Mexico and has been closed for some time. Sheinbaum did not name the other two mines.

Apr 10, 2025 - 2:07 PM

Argentina aims to boost lithium production by 75% in 2025, sees no risk from trade war

Argentina, the world’s fifth-largest lithium producer, expects to produce 130,800 tonnes of lithium carbonate equivalent (LCE) in 2025, a 75% increase from 2024, the Argentine Chamber of Mining Companies (CAEM) said Tuesday.The boost in production is expected to mostly come from new operations in Salta and expansions in Catamarca and Jujuy, the northern provinces with the largest lithium operations, according Alejandra Cardona, executive director of CAEM.

Apr 09, 2025 - 11:28 AM

Anglo American urges faster permits in Chile to close copper supply gap

Chile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American Chile CEO Patricio Hidalgo said on Tuesday.Chilean President Gabriel Boric has pledged to cut the permitting timeline by a third, yet a reform that would streamline the process is still under debate in Congress.Numerous mining companies in Chile, which supplies about a quarter of the world’s copper, have urged a swift passage of the initiative.

Apr 09, 2025 - 11:25 AM

Hike in Indonesia mining royalties to take effect soon, minister says

An Indonesian regulation that raises the royalties paid by mining companies on commodities such as coal, nickel, copper, gold and tin will take effect in the second week of April, the mining minister said on Wednesday.The regulation seeks to improve industry governance and will raise royalties of metal products based on price levels, including introducing progressive rates for metals such as nickel ore, nickel matte and ferronickel.Miners group have urged the government to reconsider the hike, however, as they are already struggling with rising operational costs.

Apr 09, 2025 - 11:23 AM

Why pause in US anti-corruption enforcement will hurt mining firms, not help them

Corruption doesn’t level the playing field, it rigs it. It substitutes ethical practice for undeserved advantage, rewarding the unscrupulous over the responsible. Nowhere are the stakes higher than in the mining industry, with its inherent connections to people and the land and its significant potential for wealth and benefit generation, or conversely, for harm.

Apr 09, 2025 - 11:22 AM

Mali state gold mining revenue jumps 52.5% in 2024

State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code entered into force, a mines ministry document seen by Reuters on Wednesday showed.Mali is one of Africa’s biggest gold producers and is home to mining companies including Barrick Gold, Resolute Mining, Endeavour Mining and Hummingbird Resources.

Apr 09, 2025 - 11:20 AM

Mining

Chile, Canada and Peru push back against Trump copper tariff probe

B2Gold to cut 300 jobs in Namibia this year

LME approves its first four warehouses in Hong Kong

Copper market caught between Trump's twin tariff threats

India’s polished diamond exports hit two-decade low, industry group says

China urges US to follow international law on reported deep-sea metals stockpile plan

Ghana orders foreigners to exit gold market by April 30

China to keep building coal plants through 2027, state planner says

Goldman Sachs cuts aluminium price forecast on weaker growth outlook

Copper output from Codelco slips 6% in February

Panama government says First Quantum withdraws arbitrations

Copper smelting activity fell sharply in March, satellite data shows

Sayona-Piedmont merger forms Elevra Lithium with equal board representation

Trump’s changing stance on Nippon Steel bid adds confusion, sends US Steel shares lower

Mexico seeks to solve problems that led to mine strikes

Argentina aims to boost lithium production by 75% in 2025, sees no risk from trade war

Anglo American urges faster permits in Chile to close copper supply gap

Hike in Indonesia mining royalties to take effect soon, minister says

Why pause in US anti-corruption enforcement will hurt mining firms, not help them

Mali state gold mining revenue jumps 52.5% in 2024