Mining

Canada’s largest gold producer delivers strong Q2 results with record earnings teaser image

Canada’s largest gold producer delivers strong Q2 results with record earnings

(Kitco News) - Canada’s largest gold producer continues to fire on all cylinders, as solid production and higher gold prices pushed the company into a net cash position during the second quarter.

Jul 31, 2025 - 11:02 AM

Vale’s Q2 net profit falls 24% but outdoes analyst forecasts teaser image

Vale’s Q2 net profit falls 24% but outdoes analyst forecasts

Aug 01, 2025 - 1:03 PM

Perseus Mining CEO to exit after 12-year tenure teaser image

Perseus Mining CEO to exit after 12-year tenure

Aug 01, 2025 - 1:02 PM

Gold demand in key Asian hubs improves amid price correction teaser image

Gold demand in key Asian hubs improves amid price correction

Aug 01, 2025 - 1:00 PM

Albemarle posts surprise second-quarter profit teaser image

Albemarle posts surprise second-quarter profit

Jul 31, 2025 - 2:51 PM

Global gold demand up 3% in second quarter as investment jumps, WGC says teaser image

Global gold demand up 3% in second quarter as investment jumps, WGC says

Jul 31, 2025 - 12:19 PM

BHP, Vale accused of ‘cheating’ UK law firm out of $1.7 billion in fees

BHP and Vale are facing a London lawsuit from the law firm representing hundreds of thousands of people over Brazil’s worst environmental disaster, alleging the companies sought to cheat the firm out of legal fees by procuring settlements.BHP said it rejected the allegations “in their entirety” and would contest them. Vale declined to comment.Pogust Goodhead, which represents the claimants in an ongoing case against BHP over the 2015 collapse of the Fundao dam in Mariana, southeastern Brazil, says it will seek 1.3 billion pounds ($1.7 billion) for unpaid fees.

Jul 31, 2025 - 11:31 AM

Trump’s scrap copper quotas too small to shift the market

Proposed limits on US scrap copper exports which aim to reduce reliance on overseas production of the metal, are unlikely to have much impact, analysts say, with exports already below the planned cap.Copper is a vital material for the power generation and transmission industries, for artificial intelligence and data centres and for electric vehicles.

Jul 31, 2025 - 11:22 AM

Vedanta misses quarterly profit estimates on weak aluminum prices

Indian metals-to-oil conglomerate Vedanta missed quarterly profit estimates on Thursday, as lower aluminum and copper prices and higher tax expenses overshadowed the impact of strong local demand.Vedanta’s aluminum business is the biggest in India and contributes to nearly 40% of the company’s revenue. Zinc is the second-biggest business, followed by copper.The benchmark three-month aluminum and copper dropped 4% and 4.1% on-year, during the reporting quarter, pressured by geopolitical tensions and uncertainty around US trade policies.

Jul 31, 2025 - 11:18 AM

Codelco sees ‘good news’ in exclusion of cathodes from US copper tariffs teaser image

Codelco sees ‘good news’ in exclusion of cathodes from US copper tariffs

The chairman of the world’s biggest copper producer, Chile’s state-run Codelco, said on Wednesday it was positive that cathodes were not subject to US tariffs on copper.“A preliminary reading suggests that tariffs will not be applied to copper cathodes, allowing us as a country to continue supplying that market,” Maximo Pacheco, chairman of Codelco, told Reuters. “It’s good news for Chile and for Codelco.”Chile, the world’s biggest supplier of the red metal, is also the top importer of copper cathodes to the United States.(By Daina Beth Solomon)

Jul 30, 2025 - 3:51 PM

Eramet adjusts 2025 volume targets after H1 earnings dip teaser image

Eramet adjusts 2025 volume targets after H1 earnings dip

French mining group Eramet reported a sharp decline in first-half results on Wednesday and warned that macroeconomic conditions should remain difficult for the rest of the year, prompting a downward revision to its 2025 production targets.Eramet reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 191 million euros ($219.12 million) in the first half of the year, down 45% from a year earlier.The earnings exclude Eramet’s New Caledonian nickel subsidiary SLN, which is being propped up by French government loans.

Jul 30, 2025 - 3:50 PM

Rosatom launches pilot uranium processing plant in Tanzania teaser image

Rosatom launches pilot uranium processing plant in Tanzania

A subsidiary of Russia’s state nuclear corporation Rosatom has launched a pilot uranium processing plant at the Mkuju River project in southern Tanzania, Rosatom said on Wednesday.Built by Mantra Tanzania Ltd at the Nyota deposit, the facility is designed to gather data for the construction of a main processing plant with a planned capacity of up to 3,000 tons of uranium per year.Construction of the main facility is set to begin in early 2026, with commissioning expected in 2029.(By Maxim Rodionov; Editing by Mark Potter)

Jul 30, 2025 - 1:43 PM

US Steel appoints three American board directors after Nippon deal teaser image

US Steel appoints three American board directors after Nippon deal

US Steel said on Wednesday it had appointed three American directors to its board, more than a month after Nippon Steel closed its $14.9 billion acquisition of the company.The company, which is now a subsidiary of Nippon Steel, said its board now has seven directors, four of whom are US citizens, including three independent US directors.The appointments include John Donovan, a member of the US government’s National Security Telecommunications Advisory Committee from 2019 to 2023, and Robert Stevens, former CEO of defense giant Lockheed Martin.

Jul 30, 2025 - 1:41 PM

Southern Copper expects turmoil from US-China trade war to hit copper teaser image

Southern Copper expects turmoil from US-China trade war to hit copper

Grupo Mexico’s Southern Copper mining unit believes the US-China trade war will hit the global economy, affecting the copper sector, CFO Raul Jacob said on a call with analysts on Wednesday to discuss quarterly results.However, he said he expected the industry to be resilient in the long-term. “We maintain a positive long-term outlook for copper,” he said.(By Daina Beth Solomon and Marco Aquino; Editing by Brendan O’Boyle)

Jul 30, 2025 - 1:40 PM

Endeavour, two other gold producers sign on to Mali’s new mining code teaser image

Endeavour, two other gold producers sign on to Mali’s new mining code

London-listed Endeavour Mining and two other gold producers have agreed to migrate to Mali’s new mining code, government officials said.The code, which raises taxes and seeks to hand over big stakes in mining assets to the state, sparked bitter disputes with mining companies after it was implemented in August 2023, helping drive Mali’s gold output down 23% last year to 51 metric tons.

Jul 29, 2025 - 11:00 AM

Iron ore price stays above $100/t amid Sino-US trade talks teaser image

Iron ore price stays above $100/t amid Sino-US trade talks

Iron ore futures prices held well over the key psychological level of $100 a metric ton on Tuesday, while investors closely monitored the renewed Sino-US trade talks for signs of progress.The benchmark September iron ore on the Singapore Exchange climbed 1.9% to $102.7 a ton, as of 0700 GMT.The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) erased the morning’s loss to end daytime trade 0.63% higher at 798 yuan ($111.17) a ton.

Jul 29, 2025 - 10:58 AM

Mining giant Grupo Mexico reports Q2 profit up 10% teaser image

Mining giant Grupo Mexico reports Q2 profit up 10%

MEXICO CITY, July 29 (Reuters) - Mining and transportation conglomerate Grupo Mexico reported a second-quarter net profit that climbed 10%, surpassing analysts' forecasts as it cut costs in its mining division, even as revenues and copper production slipped downward.

Jul 29, 2025 - 10:46 AM

Peru mulls green light for $6 billion in mining projects teaser image

Peru mulls green light for $6 billion in mining projects

Peru is evaluating the authorization of 134 mining exploration and exploitation projects worth an estimated investment of $6 billion, President Dina Boluarte said on Monday, as her government looks to boost revenues from the key industry.Boluarte said in an address to Congress that by the end of this year she expected the formal small-scale mining sector to generate more than $5 billion in annual sales, and that $4.7 billion in formal projects should have started construction by 2026.

Jul 28, 2025 - 4:40 PM

Chile will ask US to include copper within broader trade talks teaser image

Chile will ask US to include copper within broader trade talks

Chile expects US copper tariffs to be discussed within broader US trade talks in Washington this week, Finance Minister Mario Marcel said on Monday in an interview with local radio program Duna.Marcel added that Chile would ask for any tariffs to be included within a broader trade agreement with the United States. President Trump’s administration has said it will impose 50% tariffs on copper imports as of August 1.

Jul 28, 2025 - 2:48 PM

Platinum price rally pulls producers from the brink, Valterra CEO says teaser image

Platinum price rally pulls producers from the brink, Valterra CEO says

The platinum price rally during the first half of 2025 has helped most mines recover from loss-making positions but the industry is still far from adding new production, Valterra Platinum CEO Craig Miller said on Monday.South African miners, which account for over 70% of the world’s platinum supply, cut out unprofitable production over the past two years after metal prices collapsed, amid warnings that the industry was in terminal decline.

Jul 28, 2025 - 11:53 AM