Chile should improve copper smelters before building more, Cochilco says

Chile should improve the performance of its existing copper smelters before building new ones, State copper commission Cochilco said on Monday, as global competition for copper concentrate... 

Goldman Sachs raises oil price forecasts on prolonged Mideast shipping risks

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 

Rio Tinto to acquire Aurukun bauxite project from Glencore, Mitsubishi Development

Rio Tinto has agreed to acquire the Aurukun bauxite project in Western Cape York, Queensland, from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson... 

BHP, union talks for Port Hedland iron-ore workers to stretch on into next week

Talks between BHP and unions representing workers at the mining giant's Port Hedland iron-ore operations in Western Australia ended without a deal, with further negotiations scheduled for next... 

China August iron-ore imports beat expectations as typhoons delay July customs clearance

China's iron-ore imports in August rose 0.4% from a month earlier, defying analysts' expectations for a decline, as multiple typhoons battered unloading at ports and delayed customs clearance in... 

US imports more Congo copper as consumer acceptance grows

US buyers are increasingly turning to copper from the Democratic Republic of Congo, helping drive record imports from the African producer as industrial consumers capitalise on discounts to... 

Jefferies-linked fund seeks Singapore injunction against Radiant World

LAM Trade Finance Group II, in which US bank Jefferies has a minority stake, applied on Monday for a freezing injunction against Radiant World and its founder in Singapore, the city-state's... 

Ferrexpo shares soar as trading resumes, some production restarts

Shares in Ukraine-focused iron-ore pellet producer Ferrexpo shares surged as much as 60% when they resumed trading on Monday after several months of suspension. The company last week said it had... 

India ramps up coal rail shipments as power plant stocks dwindle

India is increasing coal shipments by rail to power plants after fuel inventories at several generators fell to critically low levels, the coal ministry said on Monday. The increase in rail... 

Brazilian court suspends licenses for Sigma Lithium mine

A Brazilian judge ordered the suspension of environmental licenses and mining activities at Sigma Lithium's Grota do Cirilo mine, a court document seen by Reuters showed. The decision was made on... 

World food prices at highest since 2022 as supply risks mount, FAO says

World food prices rose in August to their highest since late 2022, as adverse weather and war disruption in the Gulf and Black Sea heightened concern over supply of staples, the United Nations'... 

Australia's shale players say they've learnt from mistakes made in the LNG boom

Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas (LNG) boom in the State of Queensland, but without the duplication of infrastructure... 

Top China steelmaker Baowu eyes stake in BHP iron-ore mine, sources say

China Baowu Steel Group, the world's largest steelmaker, is eyeing a minority stake in BHP's Jimblebar iron-ore mine in Western Australia, according to two people briefed on the matter. Baowu is... 

Deeper cobalt discounts add to squeeze on Indonesian nickel producers' margins

Chinese makers of batteries for electric vehicles are demanding steeper discounts for cobalt, which could further cut into margins at Indonesian nickel producers squeezed by rising costs of ore and... 

China rare earth firms halt some US shipments over geopolitical worries, sources say

Some Chinese rare earth suppliers are declining to ship to the US for fear of repercussions from Beijing, three sources said, underscoring how access to the materials remains an issue for the US... 

Boeing predicts Africa aircraft fleet will more than double by 2045

Africa's commercial aircraft fleet will more than double by 2045, US planemaker Boeing forecast on Thursday, as a young and increasingly urban population drives demand for travel within the... 

IEA chief says Nigeria could double energy investment within five years

Nigeria could double investment into its energy sector within five years after joining the International Energy Agency, its chief Fatih Birol said on Thursday, as nations seek partners they can... 

US July copper imports hit highest level on record

The US imported a record 225 094 tons of refined copper and copper alloys in July, official data showed on Thursday, as traders continued to ship large volumes of the metal before a tariff is... 

Ukraine-focused miner Ferrexpo to raise $100m in funding

Ukraine-focused miner Ferrexpo on Thursday proposed an equity fundraise for about $100-million to support the company's working capital and ongoing operations, after reporting results for the year... 

Brazil's Vale drops IPO plans for critical minerals unit, The Globe and Mail reports

Miner Vale is shelving plans for an initial public offering (IPO) of its critical minerals unit amid political pushback in Brazil over the country potentially losing control over strategic mining... 

Albemarle names BHP executive Ragnar Udd as CEO

Albemarle said on Thursday it has appointed BHP executive Ragnar Udd as its CEO, tapping an industry veteran to lead the world's largest lithium producer. Udd, currently BHP's chief commercial... 

Airlink cancels planned FNB Stadium flyby, citing unfavourable weather

Airline Airlink has cancelled a planned flypast before Saturday's Springboks-All Blacks rugby test as the country's aviation regulator reviews a similar display conducted by the airline last week.... 

South African private sector activity expands slightly in August, PMI shows

South African private sector activity expanded slightly in August as higher new orders supported output and purchasing, a business survey showed on Thursday. The S&P Global South Africa Purchasing... 

Australia's Vulcan seeks investors for German lithium expansion project, courts Asian interests

Lithium developer Vulcan Energy Resources on Thursday announced phase two of its lithium project in Germany's Upper Rhine Valley and commenced process to bring in additional strategic investors.... 

Pipeline company CPMZ to expand Mozambique-Zimbabwe fuel route

Southern African pipeline operator CPMZ's project to boost capacity of its 294 km conduit between Mozambique and landlocked Zimbabwe by around two-thirds to cater for growing regional demand for... 

LME zinc squeeze signals deepening supply risks for the West, Reuters says

Another year of mine underperformance, record-low smelter treatment terms and a scramble for metal on the London Metal Exchange (LME). If you're thinking this is a description of the copper market,... 

Jemena plans new pipeline for Australia's Beetaloo Basin shale gas province

Pipeline operator Jemena, owned by State Grid Corporation of China and Singapore Power, plans to build a new pipeline linking Australia's Beetaloo Basin shale gas province with the country's... 

Lynas Rare Earths says it was in takeover talks earlier this year

Australia's Lynas Rare Earths, the world's largest producer of rare earths outside China, was in takeover talks earlier this year but the discussions did not proceed, a spokesperson said on... 

Scientists make potential breakthrough in search for dark matter

Scientists have made a possible breakthrough in the hunt for dark matter – observing hints of it during an experiment about a mile (1.6 km) underground in South Dakota – though they stopped short... 

Sibanye presses ahead with first copper project as half-year profit triples

Sibanye-Stillwater has approved its Australian copper project, it said on Tuesday after reporting a surge in half-year profit on higher gold and platinum group metal (PGM) prices. The... 

Coal India to sell 10% stake in unit Mahanadi Coalfields' IPO

Coal India, the world's largest coal producer, is selling a 10% stake in Mahanadi Coalfields through the fully owned subsidiary's initial public offering (IPO), draft papers filed with the market... 

BHP's chief commercial officer to step down in January, internal memo shows

BHP's Chief Commercial Officer Rag Udd will step down at the end of January to pursue an opportunity outside the company, according to a staff memo seen by Reuters on Tuesday, leaving open one of... 

Australia's new shale basin Beetaloo sends first gas to market

Developers of Australia's Beetaloo basin sent the first gas from the project north to Darwin on Tuesday in what they hope will demonstrate steady flows that can underpin wider commercialisation of... 

Solar overtakes coal as China's largest source of installed power capacity

Solar farms overtook coal plants in July to become China's top source of installed power capacity, State-run media reported on Tuesday, although solar still lags well behind coal in terms of power... 

India revives talks with Zambia to invest in critical minerals, sources say

India has resumed talks with Zambia to explore investment opportunities in copper and other critical minerals, two sources said, as New Delhi looks increasingly overseas for raw materials to meet... 

Mozambique reverses decision on central bank chief, names Navalha as governor

Mozambique's President Daniel Chapo appointed economist Felisberto Dinis Navalha as governor of the Bank of Mozambique on Tuesday, reversing an appointment announced just a day earlier. In a... 

Chile's copper output declines 9.4% in July hit by severe weather

Copper output in Chile, the world's largest producer of the metal, fell 9.4% year-on-year in July hit by severe storms that struck mining operation areas, statistics agency INE said on Monday.... 

Smackover Lithium signs supply deal with LG Energy Solution

Smackover Lithium, a joint venture between Standard Lithium and Norway's Equinor, said on Monday it has signed its second commercial offtake agreement for its South West Arkansas (SWA) project with... 

India's ONGC to invest 1trn rupees for deepwater exploration, says chairman

India's Oil and Natural Gas Corporation aims to invest one-trillion rupees ($10.51-billion) over five years for exploring its local deepwater and ultradeep water fields, chairperson AK Singh said... 

Sasol earnings up 9% on higher oil prices, fuel sales volumes

South African petrochemical firm Sasol said on Tuesday its annual profit rose 9% from a year ago, buoyed by higher crude oil prices and increased fuel sales volumes.  Sasol's headline earnings per...