Rio Tinto, diversified miner, and Aluminium head Jérôme Pécresse will combine the group’s lithium business with aluminium to form a new Aluminium & Lithium product group, as part of a restructuring that leaves three core lines: Aluminium & Lithium, Copper and Iron Ore. The shake-up, unveiled days after Simon Trott became CEO, also moves borates...
READ MOREPan American Silver, precious-metals miner, and MAG Silver, project partner in Mexico’s Juanicipio mine, have received approval from Mexico’s competition regulator for Pan American’s $2.1-billion acquisition of MAG, clearing the deal to close on or about September 4, 2025. MAG investors can elect $20.54 in cash per share or $0.0001 plus 0.755 of a Pan...
READ MORECross Holding, investment vehicle of Vladislav Sviblov, and Amurmed, explorer of the Ikan copper-porphyry deposit in Russia’s Amur region, have confirmed a change of ownership that could give the buyer a preferential route to a mining licence over a deposit holding 635,500 tonnes of copper and 79.5 tonnes of gold. The August 25 transfer was...
READ MOREMonash University, a research institution in Melbourne, has unveiled a process to recover all 17 rare earth elements (REEs) from coal fly ash, mine tailings and electronic waste with recovery rates above 90%, positioning waste streams as an immediate feedstock while new mines face long lead times and capital hurdles. The team says coal fly...
READ MOREContemporary Amperex Technology (CATL), electric-vehicle battery maker, and Guangzhou Futures Exchange, commodities bourse, have become the twin catalysts of August’s lithium rally after CATL suspended operations at its Jianxiawo mine, lifting the CME lithium carbonate contract by 27% since the start of the month and turbocharging producer shares. Futures fever outruns fundamentals The immediate market...
READ MOREJapan’s Cabinet Office Strategic Innovation Promotion Program (SIP), a government R&D initiative, and research partners have set January 2026 for trial mining of rare-earth-bearing mud on the seabed off Minamitorishima, its easternmost territory, with pilot extraction targeted for the first half of fiscal 2027. The campaign—at around 6,000 meters depth—aims to cut exposure to China...
READ MORERusal, primary aluminium producer, and En+, controlling shareholder, reported a 1.7% year-on-year drop in aluminium production to 1.924 million tonnes in January–June 2025 even as sales volumes rose 21.6% to 2.3 million tonnes, with alumina output up 13.5% to 3.4 million tonnes and bauxite up 21.8% to 9.668 million tonnes. The Russian group deepened its...
READ MOREBarrick, gold–copper producer, and Pakistan’s federal and Balochistan governments, Reko Diq co-owners, have opened talks with U.S. and multilateral lenders on a financing package of as much as $3.5 billion to build the $9 billion copper-gold mine after long-discussed Saudi backing failed to materialise. The plan targets a 2028 start-up and includes prospective support from...
READ MOREEmirates Global Aluminium, producer and smelter operator, and Emirates Nuclear Energy Company, nuclear utility, have delivered the UAE’s first batch of aluminium made with electricity from the Barakah Nuclear Energy Plant, branding the product “MinimAL” and sending initial tonnes to Egypt’s Canex Aluminium for downstream uses in infrastructure, solar, transport and architecture. The launch adds...
READ MOREGlencore, diversified miner-trader, and the Democratic Republic of Congo, the world’s cobalt gatekeeper, have disclosed that much of the Swiss group’s cobalt output may sit unsold through next year after Kinshasa extended its export suspension. Glencore lifted first-half cobalt production 19% to 18,900 t and now guides 2025 output at 42,000–45,000 t, yet tightened rules...
READ MOREThe Metals Company, deep-sea nodule developer, and Korea Zinc, non-ferrous refiner and TMC investor, have moved the Clarion-Clipperton Zone project up the maturity curve as TMC released a Technical Report Summary of a pre-feasibility study for the NORI-D area and—under SEC S-K 1300—declared ~51 Mt of probable reserves, a first for polymetallic nodules. The package...
READ MOREIvanhoe Mines, copper producer, has begun installing high-capacity submersible pumps for a “Stage Two” dewatering program at Kamoa-Kakula in the DRC and raised 2025 C1 cash-cost guidance by 12% to $1.90–$2.20/lb, reflecting a temporary shift to lower-grade stockpiles while the mine’s eastern workings are drained. The $70 million plan follows seismic-induced flooding on May 20;...
READ MOREGoldman Sachs salespeople recommended hedge-fund clients buy upside call options on U.S. copper a day before President Donald Trump unveiled a scaled-back tariff plan that exempted refined metal, triggering the sharpest price collapse on the New York contract since records began in 1988, according to people briefed on the calls and subsequent desk emails. On...
READ MORENornickel, Russian non-ferrous producer, and China’s customs authorities point to a sharp re-routing of trade: Russian copper exports to China rose 81% year on year to more than 564,000 tonnes in the first half of 2025, with shipment value up 2.5x to $3.3 billion. Volumes are just 81,000 tonnes shy of the full-year 2024 total...
READ MOREAnglo American, diversified miner, reported a first-half loss attributable to shareholders of $1.88 billion as lower production from Copper Chile and De Beers dragged revenue down 7% to $8.95 billion, prompting an 83% cut in the interim dividend to $0.07 a share. The stock fell about 5% to 2,120 pence (≈$28.05 at £1=$1.3248) in London...
READ MOREGhana, resource owner, and GIADEC, the state aluminium developer, have terminated a $1.2 billion bauxite lease held by local contractor Rocksure International and opened talks with an overseas operator—potentially Emirates Global Aluminium (EGA) or a Chinese group—to develop the Nyinahin Hills deposit in Ashanti. The area, part of “Block B”, hosts about 376 million tonnes...
READ MORESavannah Resources, developer of the Barroso lithium project in northern Portugal, has placed about one-quarter of future output with AMG, an industrial lithium refiner, and is marketing the balance to European converters and battery-chain customers as it advances financing for a 2027 start-up. The AMG agreement covers 25% of production for five years, aligning with...
READ MOREGlencore, Swiss commodities group, and the Queensland government are locked in urgent talks over the future of the Mount Isa copper smelter and Townsville refinery after Treasurer David Janetzki warned that closure—projected to incur losses of A$2.2 billion (US$1.44 billion) over seven years—would be a “national disgrace.”   Government Standoff Over Smelter Support The...
READ MOREKuvimba Mining House, the state-owned diversified miner, and two yet-to-be-named Chinese partners will break ground in the third quarter on a 600,000-tonnes-per-year lithium-concentrate plant at Sandawana in southern Zimbabwe, the company confirmed last week. Chief executive Trevor Barnard said the venture, budgeted at US $270 million, should be commissioned in early 2027—timed to coincide with...
READ MOREContract Termination Caps Off-taker Risk The original 2018 contract obliged Cloud Snurran to supply a baseload 300 gigawatt-hours (GWh) a year from 2020 to 2030, rising to 550 GWh annually between 2031 and 2049—equivalent to roughly 0.3 % and 0.6 % respectively of Hydro’s normal-year equity power output in Norway. Deliveries stopped in November 2024...
READ MOREAugusta Gold, a Canadian junior focused on southern Nevada, and AngloGold Ashanti, a Denver-based multinational gold producer, have agreed an all-cash transaction under which AngloGold will acquire all outstanding Augusta shares for C$1.70 (US$1.24) apiece, valuing the equity at roughly C$152 mn (US$111 mn). Including the repayment of about C$45 mn (US$33 mn) in shareholder...
READ MOREIvanhoe Electric’s Santa Cruz project in south-central Arizona is hurtling toward construction early next year. A recently filed feasibility study outlines a 23-year underground operation capable of turning out 72,000 tonnes of copper cathode a year during its first 15 years—enough to make it the most productive U.S. mine since 2007. The sprint to production...
READ MOREBHP—the world’s biggest listed miner and a heavyweight in iron ore, copper and metallurgical coal—has struck memoranda of understanding with Contemporary Amperex Technology (CATL), China’s battery behemoth, and FinDreams Battery, the cell-making arm of EV giant BYD. Together they will develop battery-electric haul trucks, locomotives and on-site charging kits for BHP operations worldwide. The goal:...
READ MOREChina has made a huge lithium ore deposit discovery with 490 million tons of lithium and companion minerals in Hunan Province, another advance in the nation’s drive to lock in domestic battery metal supplies. The find in the Jijiaoshan mine area of Linwu County is one of China’s largest mineral discoveries in recent years and...
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