Thousands feared dead after two major earthquakes strike Venezuela

Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and... 

Strikes, soaring costs and M&A await BHP's new CEO Craig

Newly minted BHP CEO Brandon Craig faces a crowded in-tray as he takes mining's top job on July 1, from threatened iron ore strikes and ballooning costs to a potential uranium push and a febrile... 

Zimbabwe exploring minerals-backed deals with China to fund infrastructure, minister says

Zimbabwe is considering using its vast natural resources to fund road and railway construction projects with China, finance minister Mthuli Ncube said on Wednesday. The southern African nation,... 

Oil extends decline on rising Middle East supply

Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as expectations of rising supply from the Middle East outweighed demand concerns.... 

Gold ETFs could see fresh outflows on rising bets on Fed monetary tightening

Bullion-backed exchange-traded funds (ETFs) could face renewed outflows if investors continue to increase their bets on interest rate hikes, analysts say — a factor that could pull already falling... 

Lithium producers bet on battery storage as demand shifts beyond EVs

The lithium industry is growing more optimistic about a market recovery as booming demand for battery storage systems helps offset a slowdown in some electric vehicle (EV) markets, leading... 

Indonesia has not yet set full-year 2026 nickel quota, ministry says

Indonesia has not decided its nickel production quota for the entirety of 2026, the country's mining ministry said on Thursday, amid speculation that the quota would be increased. The government... 

Chile's Codelco to consider asset sales, partnerships in investment review

Chile's State-owned Codelco, one of the world's largest copper producers, will consider asset sales and partnerships as part of a broader review of its investment priorities, chairperson Bernardo... 

Congo eyes co-ops, credit scheme to fund mine workers' equity stakes

The Democratic Republic of Congo is considering a plan to help mining employees acquire mandatory stakes in the companies they work for through worker cooperatives and company-financed credit, a... 

Green steel startup Stegra closes $1.6bn financing round

Swedish startup Stegra, which is building Europe's first hydrogen-fuelled steel plant, said on Wednesday its €1.4-billion ($1.6-billion) financing round led by a Wallenberg Investments consortium... 

Kenya signs $1.2bn deal with Chinese firm to expand Nairobi airport

Kenya's government has signed a 154.2-billion Kenyan shilling ($1.2-billion) agreement with China Road and Bridge Corporation to expand Jomo Kenyatta International Airport, Transport Minister Davis... 

China's foreign minister calls on BRICS to strengthen strategic minerals cooperation

China's Foreign Minister Wang Yi on Tuesday called on BRICS countries to jointly respond to global challenges from Ebola to AI, and strengthen cooperation on strategic mineral resources, according... 

Dubai exchange to launch same-day gold contract, targeting safe-haven flows

Dubai's commodities exchange will launch a same-day settlement gold contract on Monday, its CEO told Reuters, aiming to tap safe-haven demand and faster trading infrastructure to boost liquidity in... 

Aclara secures Chile environmental approval for Penco rare-earths project

TSX-listed Aclara Resources said on Tuesday it had received the final environmental greenlight for its Penco Module rare-earths project in Chile's Biobio region, a key step that moves the company... 

Petronas reports new major gas find at Suriname offshore block

Malaysia's State-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a... 

Rio Tinto sees lithium as fastest-growing division, executive says

Rio Tinto expects its lithium business to grow faster than its copper, iron-ore and other divisions as it works to triple production by 2028 for the electric vehicle and battery storage markets, an... 

India nears 50% domestic coal use in import-based power plants, sources say

India is increasing the use of domestic fuel to more than 50% at power plants designed to run on imported coal, as the world's second-largest thermal coal importer seeks to curb costly overseas... 

China's coal power on the rise again in 2026, reversing first-in-a-decade decline

China's coal-fired power generation is set to rebound this year from its first fall in a decade, analysts said, due to the impact of El Nino and the Iran war and as renewable sources of energy have... 

Botswana seeing soft recovery in diamond demand, mines minister says

Botswana is seeing a soft recovery in diamond demand in key consumer markets such as the US and China, its mines minister Bogolo Joy Kenewendo said on Tuesday, in part supported by a global... 

Family of Zambia's ex-leader should choose his burial site, South Africa court says

A South African appeals court ruled on Tuesday that the family of former Zambian President Edgar Lungu should decide where he is buried, overturning a lower court's order that Zambia's government... 

Energy Fuels strikes $1bn deal for German magnet maker to build mine-to-magnet supply chain

Colorado-based Energy Fuels said on Tuesday it would acquire German magnet manufacturer Vacuumschmelze for about $1.9-billion in cash and stock, building an integrated supply chain from rare earth... 

Miner Sinda kicks off US IPO roadshow with $1.9bn valuation target

Silver miner Sinda on Monday launched its U.S. initial public offering roadshow, targeting a valuation of up to $1.97 billion and contributing to what is shaping up to be a busy summer for stock... 

Alberta in talks with Japan on boosting Canadian crude imports

The government of Alberta, Canada's main oil-producing province, is in talks to export more crude oil to Japan and reduce that country's reliance on the Middle East, the province's Energy Minister... 

Iluka secures $1.2bn loan from Australia for rare earths refinery

Iluka Resources said on Tuesday that the Australian government has provided a A$1.65-billion ($1.15-billion) non-recourse loan to build the Eneabba rare earths refinery in Western Australia. Iluka... 

Australia's Ioneer ties up with two South Korean firms for Nevada lithium project

Australian lithium miner Ioneer said on Tuesday it has tied up with Korea Overseas Infrastructure & Urban Development and Hyundai Engineering to support the development of its Rhyolite Ridge... 

‘Pure’ New Zealand chases gold as record prices burnish allure

New Zealand is fast-tracking gold projects and courting mining investors as soaring bullion prices revive a sector long in decline, testing the country's "100% Pure" brand as the government looks... 

Iron-ore nears four-month low on prospects of rising supply, tepid demand

Iron-ore prices extended declines on Tuesday to hit a nearly four-month low, weighed down by prospects of rising shipments from major suppliers in the run-up to the end of the second quarter and... 

India pivots to Russian crude and coal to mitigate Iran war fallout

India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is... 

Woodside inks gas supply agreement with Alcoa Australia

Woodside Energy agreed to supply domestic gas to aluminium producer Alcoa Corporation's Australian unit from 2027 to 2030, the Australian energy major said on Tuesday. Under the deal, Woodside... 

BHP and Rio Tinto test Caterpillar's electric haul trucks in Pilbara

Mining majors BHP and Rio Tinto on Tuesday said they are testing Caterpillar's battery-electric haul trucks at BHP's Jimblebar iron-ore mine in Western Australia, as the top miners look to cut down... 

Orion CMC in advanced discussions for three Asian partnerships

Orion Critical Mineral Consortium (Orion CMC), a minerals investment group backed by the US government, is in advanced discussions to establish three new public-private partnerships in Asia as it... 

Fortescue says China president Liu Qing leaves after four months

Fortescue's president of China resigned earlier this month, just four months after taking over the position, the company confirmed on Tuesday. His departure comes as the world's fourth-largest... 

EU courts Brazil as strategic partner in global race for critical minerals

The EU is turning to Brazil as a strategic partner in its push to diversify its critical mineral supplies, offering a deal that it says will be beneficial to Brazil's development goals, EU... 

TNPA signs terminal operator deals after government directive

South Africa's Transnet National Ports Authority (TNPA) has finalised all 11 terminal operator agreements with fuel and chemical handlers at the Island View complex, the State-owned company said on... 

Newmont's Red Chris mine gets key approval for block cave transition

Global gold miner Newmont said on Friday its Red Chris mine in British Columbia has received crucial regulatory approvals, paving the way for a transition from open-pit mining to a block caving... 

First Quantum's shuttered mine passes audit, as Panama weighs restart

A government-commissioned audit of First Quantum Minerals' shuttered Cobre Panama mine found the project broadly compliant with its environmental, legal and operational obligations, handing the... 

UK to invest $66 million in critical minerals to reduce import reliance

Britain will invest £50-million ($66-million) to boost domestic production of critical minerals, the government said on Monday, as it seeks to reduce reliance on concentrated global supply chains... 

China coking coal prices extend loss on prospects of rising supply

China's coking coal futures prices extended their decline on Monday, weighed down by prospects of rising supply amid continued production resumption after a deadly mine accident in coal-rich Shanxi... 

Zambia's ZCCM says CopperTech IPO could speed up $2.7bn expansion project

Zambia's ZCCM Investment Holdings said on Friday that Vedanta's planned IPO of its copper unit could speed up their jointly owned company's $2.7-billion expansion project. Vedanta is preparing the... 

Zimbabwe platinum producers owed $228m in unpaid export earnings

Zimbabwe's government owes platinum miners $228-million in unpaid export income under its foreign currency retention system, exerting pressure on a sector recovering from a price collapse, an...