Mining

Freeport set to resume copper concentrate exports from Indonesia this month, sources say

Freeport McMoRan is expected to resume shipments of copper concentrate from Indonesia this month under a new export licence after the previous one lapsed in December, according to two sources with knowledge of the matter.Indonesia has restricted raw material exports to pressure companies to refine minerals locally and add value to its exports. Freeport has local refining capacity, but is seeking to keep exporting concentrate due to a fire last October at its Manyar smelterin East Java.

Feb 13, 2025 - 10:08 AM

Mexico and US will discuss steel tariffs later this week, Mexican president says

Mexico will send a message to the United States regarding the 25% tariff on steel and aluminum and top officials are scheduled to speak later this week, Mexican President Claudia Sheinbaum said on Wednesday.Sheinbaum questioned why US President Donald Trump had ordered the measure, reiterating comments made by her foreign minister earlier this week that the United States runs a trade surplus with Mexico in steel and aluminum.Column: Beer, not tariffs, will boost US aluminum capacity

Feb 12, 2025 - 1:02 PM

Evolution Mining hits over four-year high after profit beats estimates

Shares of Australia’s Evolution Mining jumped to a more than four-year high on Wednesday after the gold miner’s half-year profit topped market estimates.The stock rose as much as 2.4% to A$6.370, hitting its highest level since November 9, 2020. The benchmark ASX200 ended 0.6% higher.Evolution, majority-owned by AustralianSuper – the country’s largest pension fund – said its net profit more than doubled year-on-year to A$385 million ($242.3 million) for the half-year ended December 31.

Feb 12, 2025 - 12:59 PM

Ukrainian graphite mine hopes for Trump deal, but say returns won’t be instant

At the 90-year-old Zavallivsky Graphite Mine in central Ukraine, CEO Ostap Kostyuk dreams of making graphite pure enough to use for lithium batteries, something he compares to trying to “make a Rolls-Royce inside a garage”, given the lack of investment.

Feb 12, 2025 - 12:58 PM

McEwen Copper requests major tax breaks for Los Azules mine in Argentina

Canadian miner McEwen Copper, a subsidiary of McEwen Mining, has submitted a request to join an Argentine government incentives program that would give it significant tax breaks for its Los Azules copper project in San Juan province, it said.McEwen plans to invest $2.7 billion in the mine. It has committed $227 million under the Argentine government’s Large Investment Incentive Regime (RIGI) to carry out the mine’s feasibility study, do exploration works, and prepare for construction.

Feb 12, 2025 - 12:55 PM

Canada's resource sector grapples with challenges amid global shifts

(Kitco News) - Canada's resource sector is facing significant headwinds, struggling with lengthy permitting processes, government policies, and global competition

Feb 12, 2025 - 12:04 PM

Mining giant Grupo Mexico misses estimates dragged by transport, infrastructure

MEXICO CITY, Feb 11 (Reuters) - Mining giant Grupo Mexico (GMEXICOB.MX), reported a drop in its net profit during the fourth quarter on Tuesday, missing analysts' estimates and dragged down by losses in its infrastructure division and a smaller profit in its transport unit.

Feb 12, 2025 - 11:47 AM

Critical minerals is a meaningless term, needs new definition and strategy: Russell

LAUNCESTON, Australia, Feb 12 (Reuters) - The term critical minerals has become so widespread that it has effectively lost its meaning, as it could be applied to virtually every metal being mined.What is needed is a new definition that differentiates between what is genuinely vital to a country, and what is just something of importance.It also was clear at last week's Mining Indaba 2025 conference in Cape Town that what is critical to one country isn't necessarily of much importance to another.So what is a better definition of a critical mineral?

Feb 12, 2025 - 9:04 AM

Barrick will resume operations in Mali once it can ship gold, CEO says

TORONTO, Feb 12 (Reuters) - Barrick Gold (ABX.TO), opens new tab CEO Mark Bristow said the miner will resume operations at its shuttered Loulo-Gounkoto mine in Mali once authorities in the country allow it to resume gold shipments.The Canadian miner said its been assured that gold worth about $245 million seized by authorities still belongs to the company, Bristow told Reuters in Toronto.Reporting by Divya Rajagopal; Writing by Felix Njini; Editing by Caroline Stauffer

Feb 12, 2025 - 8:33 AM

Is it possible to make a million in mining stocks (in the next few years)? Rick Rule

(Kitco News) - Could you really make $1-2 million from mining stocks in the next few years? Rick Rule, President & CEO of Rule Investment Media, shared his insights at the Vancouver Resource Investment Conference

Feb 11, 2025 - 4:17 PM

Mining

Agnico Eagle sees record cash flow following gold’s 27% rally in 2024

Barrick Gold more than doubles its free cash flow in robust 2024 earnings

Peru copper output edges down in 2024 to 2.74 million tonnes

China’s BYD holds mining rights in Brazil’s Lithium Valley, documents show

Silver catches a lift from gold’s bull run to eye 10-year peak

Freeport Indonesia reduces copper ore mining to 60% capacity

2024 silver price rally drive Hecla's record sales revenue

Tropical cyclone forces closure of ports in Western Australia’s Pilbara region

South32 reports surge in first-half profit on strong commodity prices

Global Lithium management resigns ahead of AGM

Freeport set to resume copper concentrate exports from Indonesia this month, sources say

Mexico and US will discuss steel tariffs later this week, Mexican president says

Evolution Mining hits over four-year high after profit beats estimates

Ukrainian graphite mine hopes for Trump deal, but say returns won’t be instant

McEwen Copper requests major tax breaks for Los Azules mine in Argentina

Canada's resource sector grapples with challenges amid global shifts

Mining giant Grupo Mexico misses estimates dragged by transport, infrastructure

Critical minerals is a meaningless term, needs new definition and strategy: Russell

Barrick will resume operations in Mali once it can ship gold, CEO says

Is it possible to make a million in mining stocks (in the next few years)? Rick Rule