Mining

Barrick and Newmont CEOs Step Down in Same-Day Shakeup for Gold Sector teaser image

Barrick and Newmont CEOs Step Down in Same-Day Shakeup for Gold Sector

(Kitco News) - In a surprising coincidence, the gold mining sector has seen a major shakeup, as the CEOs of the world’s top gold producers announced their departures on the same day.

Sep 29, 2025 - 4:58 PM

Argentina mining investment on pause as midterm elections loom teaser image

Argentina mining investment on pause as midterm elections loom

Oct 09, 2025 - 6:15 PM

Flagship Gold signs deal to revive Mali’s Morila mine teaser image

Flagship Gold signs deal to revive Mali’s Morila mine

Oct 09, 2025 - 6:13 PM

Copper output from Codelco slides 25% in August after deadly mine accident teaser image

Copper output from Codelco slides 25% in August after deadly mine accident

Oct 09, 2025 - 6:11 PM

Capstone Copper’s investor launches $454 million block trade teaser image

Capstone Copper’s investor launches $454 million block trade

Oct 09, 2025 - 6:08 PM

China’s gold buyers squeezed by record-breaking price surge teaser image

China’s gold buyers squeezed by record-breaking price surge

Oct 09, 2025 - 5:44 PM

‘We’re in the Early Phases’ of a 2-3 Year Gold Bull Run, according to Pontius

(Kitco News) - Veteran geologist Jeff Pontius says the gold sector is entering a new phase of discovery and consolidation as exploration spending rebounds and quality assets attract fresh capital. Speaking with Kitco Mining’s Digging Deep, the former Corvus Gold CEO predicts that mid-tier producers “might be the ones that are the real driving force in M&A going forward in the next two or three years.”

Oct 09, 2025 - 10:25 AM

Investors flock to gold ETFs as metal’s price shatters records

Outsized flows into exchange-traded funds tracking gold have helped drive a spectacular rally that pushed bullion to record highs over the last month, analysts said.Spot gold prices hit another record of $3,990.85 per ounce on Tuesday, while US gold futures for December delivery edged above the $4,000 an ounce milestone. Some analysts cited the record pace at which investors are allocating money to the metal via ETFs.

Oct 08, 2025 - 3:47 PM

Congo mining firms underreported $16.8 billion in revenue, audit says

Mining companies operating in the Democratic Republic of Congo underreported $16.8 billion in revenue between 2018 and 2023, a state audit found, potentially reducing funds for the government and local communities.Under Congo’s 2018 mining code, firms must contribute 0.3% of annual revenue to community development funds that typically support schools, clinics and water systems.

Oct 08, 2025 - 3:42 PM

India’s gold ETFs hit record $10 billion AUM on biggest-ever September inflow teaser image

India’s gold ETFs hit record $10 billion AUM on biggest-ever September inflow

India’s physically backed gold exchange-traded funds (ETFs) saw their largest monthly inflow in September, pushing assets under management to a record $10 billion, as investors flocked to the precious metal amid weak stock market returns.Higher inflows into ETFs will lift gold imports to the world’s second-biggest consumer and are set to support global prices that hit records this week. The surge in imports could widen India’s trade deficit and weigh on the weaker rupee, however.

Oct 08, 2025 - 3:39 PM

Congo to tie cobalt export quotas to three-year company data teaser image

Congo to tie cobalt export quotas to three-year company data

The Democratic Republic of Congo will allocate annual cobalt export quotas based on companies’ production and shipment data for the previous three years, three sources familiar with the matter told Reuters, in a major policy shift intended to curb supply from the world’s top producer.The quota system, set to take effect on October 16, replaces a months-long export suspension that disrupted supply chains and rattled electric vehicle manufacturers, particularly in leading consumer China.

Oct 08, 2025 - 3:35 PM

Russian central bank enforces state buyout offer for gold miner UGC shareholders teaser image

Russian central bank enforces state buyout offer for gold miner UGC shareholders

Russia’s central bank said on Wednesday it had sent a letter to the state property agency asking it to offer a mandatory buyout to minority shareholders in gold miner UGC.The statement confirmed an earlier report by Reuters about a legal violation by the government, which failed to make the offer after seizing a majority stake in UGC.

Oct 08, 2025 - 3:33 PM

U.S. EV Rollout Stumbles as Charging Remains an ‘Epic Fail’ - LithiumBank’s Kovacevic teaser image

U.S. EV Rollout Stumbles as Charging Remains an ‘Epic Fail’ - LithiumBank’s Kovacevic

(Kitco News) - Investor and LithiumBank founder Gianni Kovacevic says the energy transition is entering a new phase as electrification accelerates and lithium demand surges, creating opportunities for both miners and major industrial players.

Oct 08, 2025 - 2:57 PM

Rio Tinto and partners to invest $733M in Pilbara iron ore project teaser image

Rio Tinto and partners to invest $733M in Pilbara iron ore project

Rio Tinto said on Tuesday it along with its joint venture partners Mitsui Iron Ore and Nippon Steel will invest $733 million to develop new iron ore deposits at the West Angelas hub in Western Australia’s Pilbara region.Rio Tinto, which will contribute $389 million, said the West Angelas Sustaining project will maintain the hub’s annual production capacity at 35 million tonnes, extending mining operations for several years.

Oct 07, 2025 - 1:49 PM

Aurubis hikes 2026 European copper premium to record teaser image

Aurubis hikes 2026 European copper premium to record

Europe’s biggest copper smelter Aurubis will charge European customers a premium of $315 per metric ton for refined copper next year, three market sources said on Tuesday, a record high for the German company.The premium is paid on top of the London Metal Exchange price for copper, used in power and construction, and is up 38% from $228 a ton in 2025 and the previous two years.Aurubis declined to comment.

Oct 07, 2025 - 1:43 PM

Sumitomo Metal forecasts global nickel market to stay in surplus in 2026 teaser image

Sumitomo Metal forecasts global nickel market to stay in surplus in 2026

The global nickel market is expected to remain in surplus next year for a third consecutive year due to Indonesia’s continued output growth, Japan’s top nickel smelter Sumitomo Metal Mining (SMM) said on Tuesday.The surplus is projected at 256,000 metric tons in 2026, slightly below 263,000 tons this year, as Indonesia’s production of low-grade nickel pig iron is forecast to rise 4.1% to 1.76 million tons, SMM said in its half-year market outlook presentation.Indonesia’s nickel pig iron production is seen jumping 10.3% in 2025.

Oct 07, 2025 - 1:34 PM

Chile mining regulator says investigation into fatal mine collapse will take months teaser image

Chile mining regulator says investigation into fatal mine collapse will take months

The head of Chile’s Sernageomin mining regulator said on Tuesday that the investigation into the fatal mine collapse in El Teniente would likely take months to finalize.“Due to the complexity of the accident it’s had to determine an exact date,” Andres Leon, Sernageomin’s director told Reuters. “But in the next few months we should have something to report.”The July accident in Codelco’s star copper mine led to the death of six workers and was the deadliest mining accident in Chile, the world’s top producer of the red metal, in years.

Oct 07, 2025 - 1:31 PM

Indonesia shortens validity of mining quotas to one year teaser image

Indonesia shortens validity of mining quotas to one year

Indonesia said on Tuesday it had shortened the validity of mining production quotas to one year from three as of October 3, as the government seeks more control over output levels to support the prices of commodities like coal and nickel.The move had been flagged in July by Mining Minister Bahlil Lahadalia.Quotas for 2025 remain valid but miners will need to re-apply for quotas previously issued for 2026 and 2027, the ministry said.

Oct 07, 2025 - 1:06 PM

Ecuador revokes environmental license for DPM to develop gold project teaser image

Ecuador revokes environmental license for DPM to develop gold project

Ecuador’s government has revoked the environmental license granted to Canadian mining company DPM Metals for the development of Loma Larga, a gold project in an environmentally sensitive area, the government said on Saturday.The decision follows strong opposition from residents and local authorities in Azuay province, where Loma Larga is located, who argue that its development would affect the Quimsacocha water reserve, posing significant health risks to local communities.

Oct 06, 2025 - 3:55 PM