Hudbay Minerals, copper-focused miner, and Manitoba authorities have cleared a staged restart of operations at Snow Lake after the Manitoba Wildfire Service and the Town of Snow Lake lifted a mandatory evacuation order on August 22. Hudbay said inspections found no structural damage to surface infrastructure; milling at New Britannia resumed on August 26 and...
READ MOREVSMPO-Avisma, titanium producer, expects 2025 production to be “the 2021 level,” CEO Dmitry Trifonov told reporters, while majority owner Mikhail Shelkov described current volumes as a “low plateau.” The company did not disclose the 2021 figure. Separately, VSMPO marked the smelting of its millionth titanium ingot at its Sverdlovsk Region complex—a 5,200-kg, 870-mm-diameter piece produced...
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 MORESibanye-Stillwater, gold and PGM producer, and South Africa’s Kloof–Driefontein and Beatrix complex operator, reported a 13% year-on-year drop in South African gold production to 300,191 oz (9.3 t) for January–June 2025 as first-quarter disruptions at Kloof and Driefontein lingered into Q2, while group PGM volumes softened with US operations curtailed under low-price conditions. The company...
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 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 MORERusal, aluminium producer, and Guinea’s labour unions have clashed at the Friguia alumina complex as workers launched a strike and blocked the refinery’s rail link to the port of Conakry, halting alumina movements while demanding implementation of a new sectoral agreement. The action follows a complaint over working conditions and comes amid Guinea’s more muscular...
READ MOREContemporary Amperex Technology, EV battery maker, and Jiangxi regulators have paused output at the Jianxiawo lithium mine in Yichun for at least three months after a key licence expired on Aug. 9, tightening near-term supply from China’s largest lithium hub and sending Guangzhou futures up the daily limit to ¥81,000/t (~$11,260) on Aug. 11. Industry...
READ MORECodelco, Chile’s state copper producer, and Chile’s labor inspectorate have authorized a phased restart at El Teniente in areas unaffected by the July 31 tunnel collapse that killed six workers, while sections including Recursos Norte and Andesita remain idled pending further inspections and engineering reviews. The return of units such as Pilar Norte, Panel Esmeralda,...
READ MORECodelco, Chile’s state copper miner, and Sernageomin, the national mining regulator, have signalled that the July 31 collapse at El Teniente likely stemmed from stresses created by ongoing extraction rather than a natural quake, as the company seeks permission to reopen parts of the world’s largest underground copper operation following six deaths and nine injuries....
READ MORECodelco, Chile’s state copper producer, and Sernageomin, the national mining regulator, have suspended underground operations at El Teniente after six workers died in a tunnel collapse triggered by a 4.2-magnitude tremor; the company will convene an international panel to determine causes and remedial actions amid concerns over near-term copper supply from one of the world’s...
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 MORESylvania, PGM tailings retreatment operator, has reported a record 81,002 ounces of 4E (platinum, palladium, rhodium and gold) for the year to June 30, supported by fourth-quarter output of 21,114 oz and stronger pricing. Quarterly net revenue rose 15% to $30.3 million and group EBITDA increased 98% to $12.9 million as plant feed and grades...
READ MORESumitomo, Japanese trading house and majority owner of Madagascar’s Ambatovy nickel and cobalt operation, kept its full-year production forecast in the “mid-30,000-ton” range after reporting about 7,000 tonnes of nickel in the first quarter of the current fiscal year—down from roughly 8,000 tonnes a year earlier—as operations recovered from a precautionary pipeline inspection. The company...
READ MOREGlobal supply, industry outlook, is set to recover in 2025 as Ivanhoe’s Kipushi in the DRC, China’s Huoshaoyun and Russia’s Ozernoye scale up, even as analysts still see mined zinc contracting at a -0.5% CAGR to around 12.1 mt by 2030 from a post-rebound base. After an estimated 2.8% decline in 2024, mine production is...
READ MORENornickel, Russian producer of nickel and palladium, has lowered its 2025 output guidance across all key metals after first-half production fell 2–6% year on year amid installation and calibration of domestic mining and processing equipment. First-half nickel output declined 4% to 86,850 tonnes, copper slipped 2% to 213,189 tonnes, palladium fell 5% to almost 1.4...
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 MORETeck Resources has approved the expansion of its Highland Valley Copper mine in British Columbia, pushing planned mine life out from 2028 to 2046. Average annual production is projected at 132,000 tonnes of copper. The project carries a capital cost of C$2.1–C$2.4 billion (US$1.54–1.76 billion), to be spent between late 2025 and 2028, with full...
READ MOREAurubis, copper and precious metals recycler, is betting on a €740 million ($868 million) investment in Richmond, Georgia to accelerate earnings from fiscal 2026/27 after start-up losses, while guiding current-year operating pre-tax profit to the middle of a €300–€400 million ($352–$469 million) range. The first Richmond module is due to start in September 2024, with...
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 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 MOREAlcoa turned a nimble rerouting strategy into hard cash last quarter. The Pittsburgh-based aluminium maker posted net income of $164 million, or $0.62 per share, up from just $20 million a year earlier, after steering Canadian metal away from the United States once Washington doubled Section 232 duties to 50 percent. Adjusted earnings landed at...
READ MOREAlcoa, United States-based aluminium producer, and Ignis EQT, Spanish renewable-energy developer, have resumed the phased restart of the 228,000-tonne-per-year San Cibrao smelter in Galicia after securing government assurances that April’s nationwide power outage will not recur. The partners now expect the plant to remain loss-making to the tune of €77–94 million ($89–109 million) in 2025...
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