Shares of Anglo American and Antofagasta rally after UBS upgrade

Anglo American shares surged 7.8% in London after UBS upgraded its rating from neutral to buy.

Staff Writer | December 1, 2023 | 9:17 am

Congo’s Gecamines to push for copper, cobalt trading share

Congo's State mining group said it will push to secure…

Reuters | December 1, 2023 | 8:06 am

Zambia selects UAE’s IHC unit as new partner in Mopani Copper Mines

The new investor is also expected to "reset" Mopani's existing…

Reuters | December 1, 2023 | 7:44 am

Copper miners, Chinese smelters agree on first drop in fees in 3 years

Miners on Friday reached agreements with Chinese smelters for a…

Reuters | December 1, 2023 | 7:38 am

First Quantum takes Panama to international court

It is also suspending its 2023 production guidance for Cobre…

Cecilia Jamasmie | December 1, 2023 | 3:54 am

Freeport Indonesia hopes flood-hit mine can partially resume before month’s end

The mine typically produces nearly 5 million pounds of copper concentrate and 5,000 ounces of gold daily.

Reuters | February 14, 2023 | 10:24 am

Vale acquires Oman’s OQ 30% stake in Vale Oman

OQ, formerly known as Oman Oil Company, bought the stake from Vale in 2010.

Reuters | February 14, 2023 | 6:49 am

Lynas’ Malaysia rare earths plant faces part closure as regulator keeps curbs

Lynas will need to close the cracking and leaching part of its rare earths processing plant if the conditions are not removed before July 1.

Reuters | February 13, 2023 | 2:38 pm

Freeport-McMoRan cuts forecast after floods damage Indonesia’s Grasberg mine

Freeport now expects its Q1 sales to be lower than the previous outlook of 900 million pounds of copper and 300,000 ounces of gold.

Reuters | February 13, 2023 | 11:13 am

France grants loan to Eramet’s SLN nickel unit to avert collapse

The French government has agreed to grant a 40 million euro loan to SLN.

Reuters | February 13, 2023 | 9:57 am

Gold miners may see margins shine as energy, labor costs edge lower

All-in sustaining costs (AISC) jumped by a third in the last four quarters at top miners Barrick and Newmont.

Reuters | February 13, 2023 | 9:21 am

Great Bear resource ‘proves our thesis,’ Kinross says

The open-pit indicated mineral resource shows 33.1 million tonnes grading 2.6 g/t for 2.7 million oz. contained metal, Kinross said in a news release.

Colin McClelland | February 13, 2023 | 8:38 am

Column: How lack of copper could slow the energy transition

It’s far from clear whether a traditionally cautious mining industry will embrace the scale of investment needed to rewire the world.

Bloomberg News | February 13, 2023 | 7:28 am

Commodities risk lurking in ESG funds now too big to ignore

Analysts estimate that the path to net zero may require digging up 5.2 billion metric tons of metals through 2050, which may be worth as much as $10 trillion.

Bloomberg News | February 13, 2023 | 7:01 am

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