Glencore output on target despite copper fall
Shares in Glencore (LSE: GLEN) climbed on Wednesday after the Swiss miner and commodities trader said it remains on track to meet its full-year production targets, easing investor concerns about…
Intelligence
Banks, investors pumped $52B into met coal between 2022 and 2024: report
German environmental and human rights group Urgewald has found how major financial institutions continue to bankroll the metallurgical coal industry, funnelling nearly $52 billion into mine expansions between 2022 and…
Anglo draws Botswana into $5B De Beers sale talks
Anglo American (LSE: AAL) CEO Duncan Wanblad said Botswana’s government will join negotiations with one or two shortlisted bidders for De Beers, as the mining giant moves to sell its…
Seabed miners face squeeze under oceans law
A newly ratified treaty to safeguard life at sea is expected to intensify opposition to deep-sea mining at a United Nations climate summit this week in New York, running alongside…
Panama to discuss First Quantum copper mine restart
Panama may open talks early next year with First Quantum Minerals (TSX: FM) on the possible restart of its shuttered Cobre Panamá copper mine. Commerce Minister Julio Moltó told local…
Burkina Faso seeks to ease investor concerns
Burkina Faso, Africa’s fourth-largest gold producer, is trying to reassure international miners that its request to acquire more of West African Resources’ (ASX: WAF) Kiaka gold mine is an option,…
Burkina Faso’s nationalization rattles West Africa’s gold sector
Burkina Faso is accelerating its drive to nationalize natural resources, requesting this week to buy another 35% of West African Resources’ (ASX: WAF) Kiaka gold mine — a move that…
Rio Tinto overhauls units, axes execs
Rio Tinto’s (ASX, NYSE, LSE: RIO) new CEO Simon Trott has launched a sweeping overhaul of the miner’s structure, consolidating operations into three core divisions while placing several non-core assets…
Richest lithium mystery solved
Australian researchers have upended decades of geological theory and could redefine how and where lithium is explored globally to feed demand for electric vehicle batteries. The breakthrough, led by Curtin…
Finland reclaims mining crown as Canada slips
Finland has regained its status as the world’s most attractive jurisdiction for mining and exploration it held in the early 2010s, followed by Nevada and Alaska, according to the Fraser Institute’s…
Chile election puts mining sector’s future on the line
On November 16, Chileans will head to the polls to elect their next president, who will govern until 2030 – and in doing so, set the course for the country’s…
US targets mine waste to boost critical minerals supply
The U.S. government is launching a new effort to extract valuable critical minerals – including rare earths, lithium, cobalt and uranium – from mine waste and abandoned sites in a…