Philippines’ top coal producer plans $5 billion mine expansion
Semirara Mining and Power Corp., the Philippines’ largest coal producer, said it’s looking to spend 291.4 billion pesos ($5.07 billion) to expand its mines.
-
-
Visit: 41
China’s top miner to spend $24 billion on coal-to-oil project
China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.
-
-
Visit: 48
Ranking the world’s top lithium producers
Rio Tinto said on Wednesday it would acquire Arcadium Lithium for $6.7 billion in an all-cash deal that would make it one of the world’s largest lithium producers.
-
-
Visit: 38
Top copper supplier Chile posts best monthly output of this year
Chilean copper mines delivered their best month this year as the top-producing country recovers from operational and project setbacks that took output to 20-year lows.
-
-
Visit: 63
Copper takes top spot again as best prospect at LME seminar
Copper was the sweeping choice for the industrial metal with the best outlook for higher prices, attendees at a London Metal Exchange (LME) event said on Monday.
-
-
Visit: 69
Top miners’ reclamation obligations could surpass industry’s total debt by 2033
Mining companies’ rising asset retirement obligations (AROs) could exceed the industry’s debt obligations by 2033, according to a new report by Moody’s Ratings.
-
-
Visit: 70
Former IGO head takes top uranium job
Boss Energy has welcomed former IGO acting chief executive officer Matt Dusci as its new chief operating officer.
-
-
Visit: 85
BHP’s Australian nickel stoppages spoil plans for LME alternative
Plans for two new nickel trading platforms to challenge the London Metal Exchange (LME) have been blown off course by BHP’s planned suspension of its plants in Western Australia, which has prevented it from committing to them.
-
-
Visit: 50
Chile’s top court rejects Tianqi appeal to halt SQM-Codelco deal
Chile’s Supreme Court rejected Chinese firm Tianqi’s appeal to halt a lithium deal between SQM and state-run Codelco, local newspaper La Tercera reported on Wednesday.
-
-
Visit: 55
World’s top cobalt producer expects supply pressures to ease
China’s CMOC Group Ltd., the world’s biggest cobalt producer, expects supply pressures to start easing in the second half of this year.
-
-
Visit: 74
Gold price tops $2,500 on outlook for lower rates
Gold topped $2,500 an ounce for the first time, bolstered by hopes the US Federal Reserve is edging closer to cutting interest rates.
-
-
Visit: 122
Africa’s top gold producer opens first plant to refine bullion
Ghana, Africa’s biggest gold producer, opened a new refinery in a bid to reap more value from its natural resources.
-
-
Visit: 77
BHP must stop funding legal action to halt Mariana dam claim
BHP must stop funding legal action to prevent some Brazilian municipalities and victims from bringing the £36 billion ($46 billion) claim over the Mariana dam collapse, a UK court ruled on Tuesday.
-
-
Visit: 105
Copper output from Codelco this year to top 2023, chairman says
Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.
-
-
Visit: 107
Spot silver tops $30 an ounce to hit highest since 2013
Spot silver surpassed $30 an ounce to hit the highest level in more than a decade.
-
-
Visit: 247
Mining stoppage adds to Eramet’s New Caledonia woes
Eramet subsidiary SLN’s nickel mining operations in northern New Caledonia have been suspended, adding to difficulties at the loss-making business that saw a slide in first-quarter output.
-
-
Visit: 107
Top China lithium firms look past profit slump and vow expansion
Undeterred by slumping profits, China’s lithium giants are planning to grab a bigger slice of the market.
-
-
Visit: 103
Cocoa is more expensive than copper as it tops $9,000
Cocoa extended its surge — gaining more than $700 per ton in a single day and surpassing $9,000 for the first time ever — as a supply crunch grips the market and chocolate makers grapple for beans.
-
-
Visit: 161
China’s top copper smelters agree on rare joint production cuts
Chinese top copper smelters on Wednesday came to a rare agreement to jointly embark on production cuts at some loss-making plants as they seek to cope with a shortage of raw material, according to sources with knowledge of the plans.
-
-
Visit: 164
China’s top coal producing region tells miners to curb overproduction
China’s top coal-producing region of Shanxi has ordered miners to curb overproduction, according to a notice this week from authorities in the northern province, sparking a rally in coking coal futures on Wednesday.
-
-
Visit: 195
Gecamines plans overhaul of mining JVs in world’s top cobalt supplier
The Democratic Republic of Congo’s state miner is broadening a push to extract more from its copper and cobalt joint ventures, seeking to negotiate for higher stakes across the board to gain leverage in management of some of its biggest mines.
-
-
Visit: 195
Polymetal to drop out of top 10 gold miners on Russia sale
Polymetal International Plc will no longer rank among the world’s top 10 gold miners by output after the sale of its Russian business, which was sanctioned by the US last year due to the invasion of Ukraine.
-
-
Visit: 174
Vale’s 2023 iron ore output tops guidance, but sales fall
Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.
-
-
Visit: 195
World’s biggest jeweller Pandora stops using mined silver and gold
Pandora, the world’s largest jeweller by amount of products sold, has stopped using mined silver and gold and now only manufactures with recycled precious metals, which require less energy to produce.
-
-
Visit: 217
Uranium price jumps to 15-year high as top miner flags shortfall
Uranium prices jumped on Friday to an almost 15-year high after the world’s largest producer, Kazakhstan’s Kazatomprom (LON: KAP), warned it’s likely to fall short of its output targets over the next two years.
-
-
Visit: 152