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Reuters

Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

Barrick's Porgera mine in PNG operating without restriction after landslide

27th May 2024 The Porgera Mine in Papua New Guinea is running without restriction and has enough fuel on site for 40 days, operator Barrick Gold said on Monday, after a massive landslide struck in the province the mine is located. The landslide in Enga province buried more than 2 000 people, the government... 

Five killed after informal gold mine collapses in northern Kenya

27th May 2024 At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been recovered from the Hillo artisanal mine, and another three people were unaccounted for, regional... 

Uncertainty over coal jobs ahead of South Africa elections

27th May 2024 Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena's life is inextricably linked to the coal industry that dominates his hometown of Emalahleni in South Africa's eastern province of Mpumalanga. Like many in Emalahleni, generations of Mokoena's... 

Uncertainty over coal jobs ahead of South Africa elections

Grupo Mexico's Asarco to reopen US copper smelter amid surging prices

27th May 2024 Asarco, the mining company controlled by industrial conglomerate Grupo Mexico, is planning to restart its mothballed copper smelter in the United States as prices for the red metal hit record highs, two sources with direct knowledge of the company's plans told Reuters. Asarco, first bought by... 

Grupo Mexico's Asarco to reopen US copper smelter amid surging prices

BlackRock encouraged Anglo to extend talks with BHP, source says

27th May 2024 Anglo American was encouraged by key shareholders including BlackRock to continue engaging in talks with BHP Group over its proposed 38.6-billion pound ($49.18-billion) mining merger, a person familiar with the matter told Reuters on Saturday. BHP, the world's biggest listed mining group, now... 

BlackRock encouraged Anglo to extend talks with BHP, source says
Anglo's South African corporate head office

Environmental activists sue Norway over seabed mineral plan

24th May 2024 Environmental campaigners have filed a lawsuit at an Oslo court challenging Norway's plan for seabed mineral exploration, citing insufficient impact assessment of the mining, the World Wide Fund for Nature (WWF) and its lawyer said on Friday. Norway's parliament in January approved a proposal to... 

Environmental activists sue Norway over seabed mineral plan

SQM expects to close Codelco lithium deal by May 31 deadline

24th May 2024 Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said on Thursday. Some analysts had cautioned the deal could be delayed after an earlier deadline was... 

Australian natural gas industry seeks policy repairs to boost investment

24th May 2024 Australia's natural gas industry executives are seeking more measures to restore an investment environment they say has been damaged by a series of state interventions to boost domestic supply and curb soaring energy prices. While most executives at the Australian Energy Producers Conference in... 

Australian state blocks Glencore's carbon storage project over groundwater risk

24th May 2024 A Glencore carbon capture and storage project in eastern Australia cannot go ahead because it could irreversibly harm groundwater used by farmers, a state government said on Friday, adding that it would also block similar projects. Global commodities giant Glencore said the decision by... 

Australian state blocks Glencore's carbon storage project over groundwater risk

Hecla appoints interim CEO as Baker resigns

24th May 2024 Silver producer Hecla Mining on Thursday announced the appointment of Catherine Boggs as interim president and CEO with immediate effect, succeeding Phillips Baker, who is stepping down after 23 years at the company. Boggs, who is currently chairperson, will be assisted in management the affairs... 

Hecla appoints interim CEO as Baker resigns

Russia's Nornickel board proposes no dividend for 2023 results

23rd May 2024 The board of Russian metals and mining giant Nornickel recommended no dividend on its 2023 results, a year when the company faced significant pressure from sanctions restrictions and geopolitical challenges, Nornickel said on Thursday. Disagreements on dividends have for years been the main... 

Activist investor asks Rio Tinto to give up its primary London listing

23rd May 2024 A UK-based activist investor has called for Rio Tinto to abandon its London listing and unify its corporate structure in Australia instead, the Financial Times reported on Thursday. Palliser Capital, which has taken up a stake in Rio Tinto, said that the metals and mining behemoth's dual... 

Activist investor asks Rio Tinto to give up its primary London listing
Rio Tinto CEO Jakob Stausholm

SQM swings to $870m loss as oversupply sinks prices

23rd May 2024 Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for electric vehicle batteries drags on prices. This brought a loss of $3.04 per share, well below the... 

South32's CEO says open to buying joint Anglo manganese assets

23rd May 2024 Australian diversified miner South32 is open to buying Anglo American's share of two manganese operations the companies jointly own, should they come for sale at the right price, CEO Graham Kerr said on Thursday. Anglo is the subject of a takeover offer by the world's biggest listed miner BHP... 

South32's CEO says open to buying joint Anglo manganese assets
Graham Kerr says South32 is open to increasing its exposure in Southern Africa.

BHP shares fall after Anglo American rejects proposal

23rd May 2024 Shares of Australia's BHP Group fell over 3% on Thursday, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer. Shares of BHP fell as much as 3.8% to A$44.47 by 00:26 GMT.  

BHP shares fall after Anglo American rejects proposal

First Quantum seeks to speed up Peru projects after Panama debacle

23rd May 2024 Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday. One of the... 

First Quantum seeks to speed up Peru projects after Panama debacle

South Africa considers complaining to WTO against EU carbon border tax

22nd May 2024 South Africa is considering lodging a formal complaint at the World Trade Organization against the European Union's "protectionist" carbon border levy, Trade Minister Ebrahim Patel said on Wednesday. The EU's proposed carbon border adjustment mechanism (CBAM), which will impose charges on imports... 

South Africa considers complaining to WTO against EU carbon border tax
Photo by Reuters
An EU flag

At least two companies seek Norway seabed mining permits

22nd May 2024 Two companies said on Wednesday they are seeking offshore seabed acreage on the Norwegian continental shelf where they hope to explore for minerals, in what could be the start of a controversial new mining industry. The process puts Norway on track to become the first country to start commercial... 

At least two companies seek Norway seabed mining permits

Vivo Energy to invest over R10bn in South Africa, Patel says

22nd May 2024 Vivo Energy, owned by global commodities trader Vitol, will invest an initial R10-billion in its South African operations following its merger with Engen, South Africa's trade minister Ebrahim Patel said on Wednesday. The investment is part of a range of public interest and competition... 

Vivo Energy to invest over R10bn in South Africa, Patel says
Photo by Creamer Media's Donna Slater
Trade, Industry and Competition Minister Ebrahim Patel

Top Anglo investor says BHP bid requires 'meaningful revision'

22nd May 2024 South African state-owned asset manager the Public Investment Corporation (PIC) said on Wednesday that it would require a "meaningful revision" of BHP Group's bid for rival miner Anglo American. Anglo rebuffed BHP's initial $39-billion all-share proposal made on April 25, dismissing it as... 

Top Anglo investor says BHP bid requires 'meaningful revision'

Chinese coal group cuts 2024 output forecast

22nd May 2024 The deputy chairman of the China Coal Transportation and Distribution Association (CCTD) told a seminar on Wednesday that annual output growth would be in a range of -1% to 1% this year, having previously forecast expansion of 1%. China, the world's biggest coal producer, mined 4.66 billion... 

India's Vedanta Aluminium turning to renewables, not adding coal capacity, CEO says

22nd May 2024 Indian metals-to-oil conglomerate Vedanta's aluminium business will no longer add coal-fired capacity, its CEO said, in the company's biggest move yet toward renewable energy. Vedanta Aluminium, the country's biggest producer of the metal, aims to increase the share of renewable energy it is... 

Congo lawyers say received new evidence on Apple's minerals supply chain

22nd May 2024 International lawyers representing the government of the Democratic Republic of Congo said on Wednesday new evidence gathered from whistleblowers indicates that Apple is sourcing minerals from conflict areas in the east of the country. In a statement, the lawyers urged Apple to answer questions... 

Congo lawyers say received new evidence on Apple's minerals supply chain

BHP-Anglo prospects flag more M&A ahead for miners

22nd May 2024 BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. The bid by the world's biggest listed miner for Anglo is... 

BHP-Anglo prospects flag more M&A ahead for miners
The Khoemecau copper mine in Botswana

Hudbay to raise $300m in bought deal equity offering

22nd May 2024 Canadian copper miner Hudbay Minerals plans to raise $300.2-million in an equity offering to help fund near-term growth initiatives at its Copper Mountain unit among other purposes, the company said on Tuesday. Underwriters led by RBC Capital Markets and BMO Capital Markets will buy 31.6-million... 

Hudbay to raise $300m in bought deal equity offering
The Copper Mountain mine

Saudi Ma'aden has extracted lithium from seawater, CEO says

22nd May 2024 Saudi Arabian Mining Company Ma'aden has successfully extracted lithium from seawater, although not at levels that are commercially viable and its project remains at the pilot stage, its CEO told Reuters on Tuesday. "We are actually producing lithium from seawater now," Robert Wilt said, without... 

Saudi Ma'aden has extracted lithium from seawater, CEO says
Ma'aden CEO Robert Wilt

Peru's 2024 copper target is realistic, mining magnates say

22nd May 2024 The Peruvian government's 2024 copper production goal of three-million metric tons is realistic, senior industry executives said on Tuesday, as the country seeks to boost mining investments to help lift the economy out of recession. The South American country produced 2.76-million tons of copper... 

Peru's 2024 copper target is realistic, mining magnates say
Antamina, controlled by Glencore, BHP, Teck and Mitsubishi, produced 435 378 t of copper last year, and hopes to maintain that level in 2024.

Consol Energy resumes shipments from marine terminal in Baltimore

21st May 2024 Coal producer Consol Energy said on Tuesday shipments to international markets have resumed from its marine terminal in Baltimore. Coal exports from the busy US port of Baltimore were disrupted in March following the collapse of a bridge that was struck by a massive cargo ship. Consol's terminal... 

US proposes end to federal coal leasing in Wyoming Powder River Basin

21st May 2024 The Biden administration on Thursday proposed an end to future coal leasing on federal lands in Montana and Wyoming's Powder River Basin, the nation's most productive coal-producing region, in part because of the sector's emissions that worsen climate change. The two proposals from the US Bureau... 

US proposes end to federal coal leasing in Wyoming Powder River Basin

BHP shares hit 3-month high as deadline for formal Anglo bid looms

21st May 2024 Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43-billion takeover proposal. The world's largest listed miner's shares are benefiting from good news including... 

Dubai mining firm plans to start Argentina lithium production next year

21st May 2024 Dubai-based United Mining Projects Corporation (UMPC) plans to begin producing battery-grade lithium in Argentina next year, aiming to deliver 5 000 metric tons in 2027 and double that in 2028, CEO Bradley Pielsticker said in an interview. Argentina is the world's fourth-largest lithium... 

Copper's record run at risk as US shipments calm speculator frenzy

20th May 2024 Copper's lightning rally to record highs may not be sustainable in the coming weeks, with action concentrated on the shipment of material to cover exposed short positions in the US Comex futures market rather than tepid demand in top consumer China. Prices on the CME Group's Comex hit a record... 

Zimbabwe lithium miners table refinery plans under govt pressure

20th May 2024 Four lithium mining companies have tabled plans to produce battery-grade lithium in Zimbabwe, a government official said on Monday. Zimbabwe, Africa's top producer of lithium, which is used in electric vehicle batteries and to store renewable energy, is prodding miners to refine the mineral... 

Zimbabwe lithium miners table refinery plans under govt pressure

Australia gas producers endorse govt strategy, warn of shortages this decade

20th May 2024 Australia's energy producers endorsed a government strategy to boost natural gas development, but warned the country still faces new gas supply shortfalls this decade while markets remain volatile due to global conflicts. Meg O'Neill, chair of the Australian Energy Producers, said the group... 

China's iron-ore supply to rise by up to 10Mt in 2024, steel association says

20th May 2024 China's domestic iron-ore concentrate output in 2024 will rise between 5-million and 10-million metric tons from the year before, its State-backed steel association said on Friday. "The key domestic iron-ore projects have made noticeable progress thanks to efforts from various parties," the... 

China's iron-ore supply to rise by up to 10Mt in 2024, steel association says

US lukewarm on G7 Russian diamond ban after industry backlash

19th May 2024  The United States is re-evaluating the strictest elements of a ban on Russian diamonds from the Group of Seven major democracies, after opposition from African countries, Indian gem polishers and New York jewellers, seven sources said. The sanctions package, agreed in December and including a... 

US lukewarm on G7 Russian diamond ban after industry backlash

China's April coal output falls to lowest level since Oct 2022

17th May 2024 China's coal production in April fell to its lowest level since October 2022, statistics bureau data and Reuters records showed on Friday, as continuing mine safety inspections curbed output. Output was 371.67-million metric tons last month, down 2.9% from a year earlier, according to the... 

BHP needs to bid about £32 a share for Anglo, JPMorgan says

17th May 2024 HP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to £27.75 a share after reexamining the value of its copper assets, and said the... 

BHP needs to bid about £32 a share for Anglo, JPMorgan says

Hot commodity silver sets pace as demand and deficit drive rally

17th May 2024 Gold’s record-setting rally may have captured the headlines this year, but it’s silver that’s running harder and faster as the less glamorous metal benefits from robust financial and industrial demand. Silver has soared by almost a quarter in 2024, outpacing gold and making it one of the year’s... 

Hot commodity silver sets pace as demand and deficit drive rally

Muddy Waters will not compensate its nominees on Canadian miner Mayfair as shareholder vote looms

17th May 2024 hort seller Muddy Waters Capital said on Thursday that none of its newly proposed directors for Canadian miner Mayfair Gold's board will receive any remuneration, in contrast to what it called the "inappropriate compensation" earned by the company's existing directors. Muddy Waters is seeking to... 

Muddy Waters will not compensate its nominees on Canadian miner Mayfair as shareholder vote looms

Chile to seek bidders for preferential pricing on lithium by July

17th May 2024 Chile will open calls by the end of July for lithium component producers to obtain preferential pricing on lithiumproduced by Albemarle through 2043, government officials said on Thursday. Albemarle and SQM are the two current lithium operators in Chile, and their contracts stipulate that a part... 

Chile to seek bidders for preferential pricing on lithium by July
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