Iron ore price hits seven-week low on softening China steel demand, higher supply bets Iron ore futures extended their decline to a fifth straight session on Wednesday. Reuters | June 5, 2024 | 7:07 am
Rusal in talks to mine bauxite in Sierra Leone Rusal already has operations in neighboring Guinea. Reuters | June 5, 2024 | 7:00 am
Antofagasta to invest $1.5bn for water transport system at Chile copper mine Chile has suffered a 15-year drought. Reuters | June 5, 2024 | 6:54 am
Probe finds Sandfire caused Aboriginal heritage damage due to process failures Damage to an artefact scatter at the Monty copper mine, north east of Perth, occurred in 2017 and 2018. Reuters | June 4, 2024 | 4:57 pm
Column: Funds keep faith with copper even as squeeze fades Doctor Copper's new investor friends may find their bullish resolve tested in the days ahead, writes Andy Home. Reuters | June 4, 2024 | 9:46 am
Mine pit collapse in central Nigeria kills one, traps 30 The incident, at the underground gold mine, occurred on Monday after heavy rains softened the soil around the pit. Reuters | June 4, 2024 | 9:13 am
Gold purchases by central banks were strong in April despite high prices, WGC says Demand from global central banks for gold has been elevated for two years as they diversify their foreign currency reserves. Reuters | June 4, 2024 | 8:51 am
South Korean, African leaders pledge deeper ties, critical mineral development South Korea is planning to increase development aid for Africa to $10 billion over the next six years. Reuters | June 4, 2024 | 7:33 am
Rosatom, Orano deny deal talks on Niger nuclear assets Rosatom said it had no plans to acquire uranium mining assets owned by Orano in Niger. Reuters | June 4, 2024 | 7:16 am
MMG plans to raise $1.16bn to repay debt, fund mine development The Chinese miner is raising funds to support the ongoing development of its operating mines. Reuters | June 3, 2024 | 4:46 pm
Russia proposes raising extraction tax rates on diamonds, gold, iron ore The proposed tax hikes would be offset by the abolition of export duties linked to the rouble-dollar exchange rate that were introduced in October 2023. Reuters | June 3, 2024 | 9:57 am
Freeport Indonesia raises output target, awaits new export permit Indonesia banned shipments of all raw minerals from June 2023, but Freeport was given a year-long dispensation. Reuters | June 3, 2024 | 7:18 am