Glencore expects 2023 trading unit profits of up to $4 billion The group left its overall 2023 guidance for copper unchanged at 1.04 million metric tons, even as production fell by 10%. Reuters | July 21, 2023 | 7:33 am
Vedanta posts 41% slump in Q1 profit on soft metal prices Shares of the company closed 6.2% higher ahead of the results. Reuters | July 21, 2023 | 7:33 am
Australia blocks acquisition of lithium mine by China-linked firm Country issued a prohibition order stopping Austroid Corporation from acquiring an additional 90% of lithium miner Alita Resources. Reuters | July 21, 2023 | 7:32 am
Hydro says Russian metal threatens LME benchmark, Rusal hits back While there are no sanctions on Russian metal, consumers are ignoring aluminium produced by Rusal, which accounts for 6% of global supplies. Reuters | July 21, 2023 | 6:26 am
Ecuador, SolGold seal deal to launch nearly $5bn mining project Construction of the Cascabel mine is seen starting in 2025, with operations kicking off in 2030. Reuters | July 20, 2023 | 5:14 pm
LME expects more fast-track listings after approval of new nickel brand The exchange has approved nickel produced by a subsidiary of China's Zhejiang Huayou Cobalt. Reuters | July 20, 2023 | 2:07 pm
US imposes sanctions on Russian copper producer UMMC As of 2020, it was producing around 40% of Russian copper. Reuters | July 20, 2023 | 1:16 pm
Bolivia hikes lithium resources estimate to 23mt The new figure compares with a previous estimate of 21 million metric tons. Reuters | July 20, 2023 | 11:28 am
Egypt agrees framework for mining terms with Barrick Gold and Centamin Centamin said under framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime. Reuters | July 20, 2023 | 8:23 am
Anglo American’s first-half copper production surges 42% Anglo expects to reach between 840,000 and 930,000 metric tons of copper production this year. Reuters | July 20, 2023 | 7:39 am
Impala wins RBPlat bid battle as Northam sells stake The company has won a protracted battle for control of miner Royal Bafokeng Platinum after bid rival Northam Platinum sold its stake. Reuters | July 20, 2023 | 7:35 am
Newmont misses profit estimates on mining disruptions, higher costs Since early June, Newmont's operations at its Peñasquito mine have remained suspended. Reuters | July 20, 2023 | 7:30 am