Codelco to break ground on $1.4 billion Salvador copper project Codelco is in the midst of a 10-year, $40 billion initiative to upgrade its sprawling but aging mines. Reuters | May 12, 2021 | 9:57 am
Gertler mining deals could cost Congo $1.76bn in royalties The US Treasury sanctioned Gertler, accusing him of leveraging his friendship with former president Kabila to secure lucrative mining deals. Reuters | May 12, 2021 | 9:10 am
Strong demand for diamonds, rough and smooth, boosts Alrosa sales Global demand for precious stones has been recovering from the impact of the covid-19 pandemic since the second half of 2020. Reuters | May 12, 2021 | 7:52 am
Russia should get firms to pay environmental fines from profits, says PM Russian companies normally pay a 20% profit tax, of which 3% goes to the federal budget and 17% to regional ones. Reuters | May 12, 2021 | 7:48 am
Home: Signs of investor vertigo as copper hits record highs Whether the world's copper miners can meet that demand is a moot point, given chronic past underperformance and a lengthening list of supply threats. Reuters | May 12, 2021 | 7:42 am
Atlantic Nickel hires banks to explore options Its sale process with Citi and Standard Chartered is the most advanced, with potential buyers currently working on first-round bids. Reuters | May 11, 2021 | 11:41 am
Eramet obtains lithium from geothermal brine in eastern France The European Union last year added lithium to its critical raw materials list as essential for a shift towards electric vehicles and energy storage. Reuters | May 11, 2021 | 11:32 am
Grupo Mexico plans $3.1bn Baja, refining spend The six-year investment blueprint includes a $2.3bn expansion to existing smelting capacity in Sonora and $815m for major new electricity lines for the Baja California peninsula. Reuters | May 11, 2021 | 10:18 am
Australia backs Iluka rare earths plant in critical minerals drive The Australian government said the company's proposed rare earths refinery at Eneabba would be in line with the country's critical minerals policy. Reuters | May 11, 2021 | 8:01 am
Pilbara Minerals keen to make low-carbon lithium salts Company has signed a deal with minerals technology company Calix Ltd to explore lithium salts production. Reuters | May 11, 2021 | 7:57 am
Gerald Group resolves iron ore dispute with Sierra Leone US commodity trader will pay $20 million and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute. Reuters | May 11, 2021 | 7:52 am
China steel futures extend gains on production curb worries, peak season demand Chinese steel rebar and hot rolled coils futures surged over 6% on Tuesday. Reuters | May 10, 2021 | 9:46 pm