Mining

More than 150 companies, including miners, have ties to Israeli settlements 2 UN

Sep 26, 2025 - 11:36 AM

Perpetua Resources in talks with Glencore, others for US antimony processing

Sep 26, 2025 - 11:34 AM

Codelco names Claudio Sougarret general manager of El Teniente

Chile’s state-run Codelco, the world’s largest copper producer, has named Claudio Sougarret as general manager of its El Teniente mine, the company said in a statement on Friday.Sougarret was placed in the role on an interim basis in August, following an accident that killed six workers. He was previously the mine’s operations manager.Codelco also named Patricio Viveros the general manager of the Salvador division.(By Fabian Cambero; Editing by Daina Beth Solomon)

Sep 26, 2025 - 11:32 AM

China gold discounts hit multi-year lows, other Asian hubs continue purchases

Physical gold demand in China weakened further this week, with discounts hitting multi-year lows, while steady buying persisted in other major Asian hubs despite the high prices in anticipation of further gains.Spot gold hit a record high of $3,790.82 on Tuesday and is up 1.4% so far this week.In China, dealers widened discounts to $31-$71 per ounce against global benchmark prices, up from $21-$36 last week.

Sep 26, 2025 - 11:31 AM

Chile to curb budget growth as Codelco ramps up recovery, minister says

Chile will have a “responsible” 2026 budget with a limited increase while state-run Codelco, the world’s largest copper miner, seeks to recover from recent production problems, the country’s new finance minister told Reuters on Wednesday.In an interview at his office in Santiago, Nicolas Grau, appointed in August by his close ally President Gabriel Boric, said the 2026 budget due in Congress would have a more “limited” spending increase than in recent years.

Sep 26, 2025 - 11:00 AM

Nippon Steel sees small gap with Washington over US Steel’s golden share authority

There is a small gap between Nippon Steel and the US government over the authority of a golden share tied to its acquisition of US Steel, the Japanese steelmaker’s president said on Thursday.Last week, the Wall Steet Journal reported that the administration of US President Donald Trump had blocked US Steel’s plan to shut down production at one of its plants in Illinois, flexing its so-called golden share authority, citing a person familiar with the matter.

Sep 26, 2025 - 10:58 AM

American Lithium raises Peru project’s investment by 22% to $847M

American Lithium has raised its planned investment for the Falchani lithium project in Peru by 22% to $847 million, an executive said on Thursday, as it relaunches the project following a favorable court ruling that ended a legal dispute over its concessions.Ulises Solis, general manager of the company’s local unit, Macusani Yellowcake, told Reuters that the updated cost includes the construction of a refinery at the project site in the Andean region of Puno.

Sep 26, 2025 - 10:56 AM

Australia’s Anson signs lithium supply deal with LG Energy Solution

Australian miner Anson Resources signed an offtake deal with South Korea’s LG Energy Solution on Wednesday for the supply of battery-grade lithium carbonate, sending its shares nearly 25% higher.Under the agreement, the South Korean battery manufacturer will acquire up to 4,000 dry metric tons of lithium carbonate annually from Anson’s project within the Paradox Basin in southern Utah, in the United States, with supply anticipated to commence in 2028.The agreement features an initial five-year term, with the option for a potential five-year extension.

Sep 24, 2025 - 3:39 PM

Peru’s Minsur to start work on $500 million copper mine in October

Peruvian miner Minsur is set to kick off blasting work in October for an access tunnel to an underground copper mine expected to cost some $500 million, an executive at the firm said on Wednesday, part of the Justa mine expansion plan.Juan Luis Kruger, CEO of Minsur, said in a forum with mining executives in Arequipa, in Peru’s south, that the underground mine is targeted to become the nation’s second-largest.Peru is the world’s third-largest copper producer.(By Marco Aquino; Editing by Sarah Morland)

Sep 24, 2025 - 3:37 PM

Aurubis starts production at US copper recycling plant

Aurubis AG, Europe’s largest copper producer, said on Wednesday it had started production at its newly built US metal recycling plant at Richmond in Georgia.The plant will reduce the need for US metal imports, with production expected to reach full capacity in the first half of 2026, Aurubis said.With an investment of about $800 million, the plant will process up to 180,000 metric tons of complex waste recycling material annually, including printed circuit boards, copper cable and other metal-bearing products.

Sep 24, 2025 - 3:35 PM

Congo sticking to cobalt export quotas, keen to boost processing

Democratic Republic of Congo will stick to its recently announced quota system for cobalt exports, with revisions only possible in the long term if the government sees them as necessary, the country’s mining minister said on Wednesday.The mining minister, Louis Watum Kabamba, told Reuters in an interview on the sidelines of a seminar in New York that his country is more interested in investments that include more processing of cobalt locally, looking to increase the value of its exports.

Sep 24, 2025 - 3:33 PM

Aris Mining reports safe recovery of all workers at Colombia mine

Aris Mining said on Wednesday all 23 workers who were trapped underground at the La Reliquia mine in Colombia have been safely brought to the surface.The company reported on Tuesday a collapse had occurred at the mine’s main shaft access.Of the 23 workers trapped, five were Aris employees who were conducting a routine monthly review of mine operations.The La Reliquia mine is a formalized third-party operation located within Aris Mining’s Segovia operations.(By Pranav Mathur; Editing by Krishna Chandra Eluri)

Sep 24, 2025 - 3:32 PM

Chile’s Corfo agency preps lithium contracts ahead of SQM-Codelco deal

Chilean economic development agency Corfo said on Monday it has submitted to the comptroller’s office the terms of a modified lease agreement with lithium producer SQM through 2030, and of a new 2031-2060 lease for a joint venture between SQM and state copper producer Codelco.SQM and Codelco are expected to finalize a partnership this year in the Atacama salt flat in northern Chile that will mark the state’s first major foray into lithium production.

Sep 23, 2025 - 2:42 PM

Congo will not ‘auction’ mineral resources to the US, president says

Democratic Republic of Congo President Felix Tshisekedi said on Monday that a US-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President Donald Trump for attempting to end the conflict.On June 27, US mediators brokered the peace deal between Congo and Rwanda aimed at ending the support that Washington and UN experts say Kigali provides M23 rebels.

Sep 23, 2025 - 2:34 PM

Southern Copper eyes steady production in Peru, bets big on new projects

Southern Copper expects its copper production in Peru to hold steady this year as it invests $800 million in projects, its chief financial officer told Reuters.Peru is the world’s third-largest copper producer and Southern Copper Peru, owned by Grupo Mexico, is the country’s second-biggest, producing 414,000 metric tons in 2024.

Sep 23, 2025 - 2:31 PM

Mining

Bank of America sees nearly $1 trillion market cap potential for gold miners

Gold miner Newmont names Natascha Viljoen its first female CEO

Barrick names operations chief as interim CEO after sudden Bristow exit

Fortescue chairman Forrest doubles down on renewables in challenge to Trump

More than 150 companies, including miners, have ties to Israeli settlements 2 UN

Perpetua Resources in talks with Glencore, others for US antimony processing

Codelco names Claudio Sougarret general manager of El Teniente

China gold discounts hit multi-year lows, other Asian hubs continue purchases

Chile to curb budget growth as Codelco ramps up recovery, minister says

Nippon Steel sees small gap with Washington over US Steel’s golden share authority

American Lithium raises Peru project’s investment by 22% to $847M

Australia’s Anson signs lithium supply deal with LG Energy Solution

Peru’s Minsur to start work on $500 million copper mine in October

Aurubis starts production at US copper recycling plant

Congo sticking to cobalt export quotas, keen to boost processing

Aris Mining reports safe recovery of all workers at Colombia mine

Chile’s Corfo agency preps lithium contracts ahead of SQM-Codelco deal

Congo will not ‘auction’ mineral resources to the US, president says

Southern Copper eyes steady production in Peru, bets big on new projects