Danantara Indonesia, sovereign wealth fund, and GEM, battery materials producer, with Vale Indonesia, nickel miner, have agreed that Danantara will invest in a $1.4 billion high-pressure acid leach (HPAL) facility in Central Sulawesi that will produce about 66,000 tons a year of mixed hydroxide precipitate (MHP) using ore from Vale’s mines. The move advances Indonesia’s...
READ MOREDepartment of the Interior, federal resource agency, and the U.S. Geological Survey, science bureau, have proposed a 2025 list of 54 critical minerals that newly elevates copper and silver to “critical” status, shaping federal investment, permitting and stockpiling strategy for the next three years. The draft, to be posted in the Federal Register on August...
READ MOREMP Materials, rare-earths miner, and Albemarle, lithium producer, stand to benefit as the Commerce Department considers reallocating at least $2 billion from the CHIPS and Science Act toward mining, processing and recycling projects, according to people briefed on the talks. The shift would move money from semiconductor research and fab incentives to shore up U.S....
READ MOREBHP, diversified miner, reported underlying attributable profit of $10.16 billion for the year to 30 June, down 26% year on year and below the Visible Alpha consensus of $10.22 billion, as softer iron ore prices outweighed firmer copper. The world’s largest listed miner also set its lowest full-year dividend since 2017 and lifted its net-debt...
READ MOREChile’s Copper Commission (Cochilco), the state market monitor, has trimmed its 2025 copper production growth forecast to 1.5% year on year from 3%, citing supply disruptions and mine operating issues. The revision follows a June slump in output at Escondida, the BHP-operated mine that is the world’s largest copper producer, and at Collahuasi, the joint...
READ MOREAlmonty, tungsten producer, and KfW IPEX-Bank, project lender, have cleared the last steps to start up the Sangdong mine in South Korea, with all plant equipment installed and financing fully drawn; initial production is targeted for the second half of 2025. The group said its Panasqueira mine in Portugal continues to provide steady output and...
READ MORERio Tinto, diversified miner, and BHP, diversified miner, have had a planned federal land transfer for their Resolution Copper project in Arizona paused by a U.S. appeals court, prompting public criticism from President Donald Trump. The San Francisco-based Ninth Circuit issued a temporary stay of the transfer while it considers arguments from the San Carlos...
READ MOREAntofagasta, Chile-focused copper producer, and the Luksic family–controlled miner, reported a near-60% jump in first-half EBITDA to $2.23 billion and a 12-point improvement in margin to 58.8%, driven by an 11% rise in copper production, lower cash costs and stronger realized prices; pretax profit rose to $1.16 billion and the interim dividend was set at...
READ MORENavoi Mining & Metallurgical, Uzbekistan’s state gold producer, and Citi, Morgan Stanley and JPMorgan, global investment banks, have been mandated to lead a potential offering that would list global depositary receipts in London alongside a domestic float in Tashkent, according to people familiar with the process. The company is targeting about $20 billion including debt,...
READ MORES&P Global Market Intelligence, mining data provider, and the gold industry, producers and explorers, have added three deposits to the list of “major discoveries” in 2024, lifting the global inventory of gold contained in discoveries since 1990 to almost 3 billion oz across 353 deposits—but most of the ounces came from old finds that have...
READ MORELiontown, lithium producer, and the National Reconstruction Fund Corporation, Australia’s state investment vehicle, have agreed an A$50 million ($32.6 million) equity investment to support ramp-up and the transition to underground mining at the Kathleen Valley project in Western Australia. The funding is part of a fully underwritten A$266 million ($173.5 million) placement priced at A$0.73...
READ MOREFirst Quantum, copper producer, and Royal Gold, precious-metals streamer, have agreed a $1 billion upfront gold streaming deal tied to by-product output at Kansanshi in Zambia, handing the miner immediate liquidity as it completes the S3 expansion—described in recent materials as a $1.3 billion programme—while the buyer targets 35,000–40,000 oz a year of deliveries over...
READ MOREFidelity International, asset manager, and Goldman Sachs, investment bank, have both argued gold could challenge fresh records into 2026, with Fidelity saying prices could reach $4,000/oz by the end of next year as the Federal Reserve eases policy, the dollar weakens and official-sector purchases remain strong. Spot bullion traded around $3,310–$3,350/oz in early August after...
READ MOREImerys, the specialty minerals group, is moving ahead with the Beauvoir (Emili) lithium project in central France—but the start of commercial production is now pencilled in for 2030 after a longer-than-expected public debate and permitting process, plus a tougher price backdrop. A completed pre-feasibility study (PFS) outlines indicated and inferred resources of 373 Mt at...
READ MOREGlencore, diversified miner and commodity trader, has raised its long-term profit range for its Marketing (trading) arm to $2.3–$3.5 billion a year and plans to strip about $1 billion of costs from its industrial operations by end-2026, following a review of its global mines and smelters. The company said its trading division earned $1.35 billion...
READ MOREAnglo American, the diversified miner, reported second-quarter copper production of 173,300 tonnes. That was 3% higher than the previous quarter on stronger throughput at Peru’s Quellaveco, yet 11% lower year on year after planned reductions in Chile. The group kept its 2025 copper guidance unchanged at 690,000–750,000 tonnes. Rough diamond output slumped 36% to 4.1...
READ MOREZijin Mining, the Chinese gold and copper producer, and Canada’s Barrick are moving ahead with a potential deal for the Tongon gold mine in northern Ivory Coast, with Zijin front-running a sale process that could see bids climb to as much as $500 million, according to people familiar with the talks. Tongon is forecast to...
READ MOREGlencore, the Swiss commodities miner-trader, and Kazzinc, its 70 %-owned Kazakh zinc and precious-metals producer, have agreed to accelerate upgrades at smelters and mines in East Kazakhstan, Akmola and the newly created Ulytau region after talks in Baar with Kazakh Ambassador Kairat Sarzhanov and chief executive Gary Nagle. The initiative follows a 53,600-tonne jump in...
READ MOREZimbabwe’s Minerals Marketing Corporation, the state minerals marketer, and Zhejiang Huayou Cobalt, the Chinese battery-materials group that leads hard-rock lithium mining in the country, have reported a 30 per cent year-on-year rise in exports of spodumene concentrate to 586,197 t in the first half of 2025, even as global lithium prices languish near three-year lows....
READ MOREBHP, the world’s largest diversified miner, has lifted annual copper production 8 % to an all-time high of 2.02 million t for the financial year to 30 June 2025, brushing the top of its 1.845-2.045 million t guidance range. The gains were driven by richer ore at Chile’s Escondida mine, where head grade climbed to...
READ MOREInalum, the state-owned aluminium producer, has asked the Indonesian government to tighten raw-material import rules and stimulate domestic demand after Washington doubled its tariff on imported aluminium to 50 per cent. Company president Melati Sarnita told Parliament the new US levy could slash exports of processed Indonesian products by about 30,000 tonnes next year, squeezing...
READ MOREChina’s Ministry of Commerce, the country’s trade regulator, and the Ministry of Science and Technology, its policy adviser, have revised the national list of technologies subject to export controls for the fourth time since 2001. The move inserts lithium-iron-phosphate (LFP) battery-cathode preparation technology into the “restricted” column—requiring exporters to obtain a licence—while deleting three construction-related...
READ MOREAurubis, Germany’s largest copper producer and Europe’s top recycler of complex metal scrap, is steering €1.7 billion ($1.89 billion) toward expansion. Chief financial officer Steffen Hoffmann—new in the role—says the programme, anchored by a €740 million recycling smelter in Richmond, Georgia, is aimed squarely at surging North-American appetite for critical metals. With a robust 56...
READ MOREPrices of gold had wildly oscillated on July 7 in America, after spot gold reclaimed earlier losses that were prompted by United State President Trump’s comments that unveiled novel tariff plans aimed at Japan and South Korea. Precious metal concluded at $3,336.30 per ounce, after experiencing spectacular action throughout the day that had spot gold...
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