Mining & Resources News

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Gold climbs to record high amid geopolitical tensions

Gold rose to an all-time high as escalating geopolitical tensions and bets on further U.S. rate cuts added momentum to the best annual performance in more than four decades.

Bloomberg

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Mass layoffs cast shadow over Guinea’s Simandou mega-mine

The challenges facing Simandou underline the complexity of turning resource wealth into widespread prosperity for Guinea’s population, even as iron ore exports begin to flow.

Africanews

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Elsa Craig granite forms foundation of Olympic curling stones

Elsa Craig, a remote volcanic island off Scotland, provides the unique granite used for every Olympic curling stone. Kay's Curling has crafted these stones for over a century, using the island's exclusive materials.

SNTV

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Netanyahu says he's approved $35B gas deal with Egypt

Benjamin Netanyahu says he's approved a major deal to export natural gas to Egypt, the largest in Israel's history. The agreement between US company Chevron and Israeli partners is said to be worth an estimated 35 billion dollars. Egypt ...

Al Jazeera

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Malian judge orders return of gold to Canada's Barrick Mining

It was seized in January from the company’s Loullo-Gounkoto complex following a confiscation order by a judge.

Africanews

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Gold climbs near fresh record on fifth day of gains

Gold continued its longest winning streak since the run-up to an all-time high in October, rising for a fifth day Monday. Gold has surged about 65% this year and is on track for its best annual performance since 1979.

Bloomberg

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Tokyo Gas eyes U.S. investments to drive growth

Tokyo Gas plans to invest in U.S. downstream assets to lift earnings and reinforce the last leg of its energy supply chain. Japan's biggest distributor of the fuel is looking to deploy capital in assets like liquefaction plants, export t...

Bloomberg

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Oil steady after biggest decline in three weeks

Oil prices steadied after the biggest drop in almost three weeks, as traders look to upcoming reports to assess the extent of the glut. The Energy Information Administration is set to release its Short-Term Energy Outlook on Tuesday, wit...

Bloomberg

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Copper demand to outstrip supply: BloombergNEF

Kwasi Ampofo, analyst at BloombergNEF, says demand for copper is going to rise to about 50 million tonnes from 30 million tonnes in the next 25 years, and that miners will struggle to supply the market.

Bloomberg

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Australian miner rally set to extend in 2026

Australia's mining sector could see more gains next year as trade risks ease and China's economy picks up. That could spur a more durable rotation into the sector, which is closely tied to the global economic outlook.

Bloomberg

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Niger puts Somair uranium up for international sale

In Niger, the military government announced Sunday that it will place uranium produced by Somair on the international market, escalating its standoff with French company Orano, which owned Somair until it was nationalised in June.

France 24

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Fear grips copper market, leading prices to record high

Copper advanced to a record high on the London Metal Exchange on fears the global market is heading for a supply crunch. The sharp moves higher came after a major industry conference in Shanghai last week that highlighted signs of supply...

Bloomberg

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Oil rises after OPEC+ pause and Trump’s Venezuela remarks

Oil rose after OPEC+ confirmed it will stick with plans to pause production hikes during the first quarter, while traders weighed the fallout from President Donald Trump's rhetoric around Venezuela.

Bloomberg

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Canadian firm Barrick settles gold mining dispute with Mali

The settlement comes after two years of negotiations over the Loulo-Gounkoto gold mining complex.

Africanews

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Bipartisan pushback as Trump eyes new offshore drilling near Florida

Florida’s history of protecting its coastlines faces a new test as the federal government considers expanding offshore energy exploration.

Scripps News

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China's Arctic ambition eye raw materials and military bases

China sees the Arctic as a key region for influence, aiming to shape governance rules and secure access to raw materials like rare earths, oil, and gas.

DW News

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BHP walks away from Anglo American overture

BHP Group confirmed it held preliminary discussions with rival miner Anglo American Plc but said it was now "no longer considering a combination of the two companies."

Bloomberg

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South Africa, EU ink critical minerals pact, champion multilateralism

The deal comes as the EU races to diversify supply away from dominant sources and amid growing fears of disruptions.

Euronews

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Chinese premier makes landmark visit to Zambia

The two countries are due to sign documents to start the upgrade of the Tazara railway line linking Zambia's mines to the Tanzanian port of Dar es Salaam.

Africanews

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Cuba suffers power cuts as Venezuela, Mexico cut fuel supplies

Cuba's imports of crude and fuel in the first 10 months of the year fell more than a third compared with the same period of 2024 as key allies Mexico and Venezuela slashed supplies, according to shipping data and documents seen by Reuter...

Reuters

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Senegal's president orders formation of National Gold Trading Centre

Faced with massive illegal gold exports that have drained billions from the national economy, it would assert greater state control over the precious metal.

Africanews

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DR Congo extends ban on mineral trade in war-hit east by six months

Officials say this is because of evidence that proceeds from the illegal supply from mines is being used to fund armed groups in the region.

Africanews

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Bulgaria welcomes US approval on Lukoil's foreign asset talks

Bulgarian Prime Minister Rosen Zhelyazkov has welcomed the Trump administration's clearance to allow potential buyers to negotiate with Russia's Lukoil about purchasing its foreign assets, including the Burgas refinery in Bulgaria.

Reuters

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Congo produces first 1,000 tons of traceable artisanal cobalt

The state cobalt agency in Democratic Republic of Congo has produced its first 1,000 metric tons of traceable artisanal cobalt, a key step in formalizing the sector in a country that supplies much of the world's battery metal.

Reuters

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Denmark leads the way with first large-scale E-methanol production

With COP30 kicking off on Monday, world leaders are set to discuss new strategies to reduce greenhouse gas emissions - with a particular focus on the shipping industry. One potential solution is e-methanol, now being produced on a large ...

France 24

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Kazakhstan signs critical minerals and trade deals with the U.S.

U.S. President Donald Trump held an Oval Office call with Kazakhstan President Kassym-Jomart Tokayev and Israeli Prime Minister Benjamin Netanyahu, expanding the Abraham Accords to include the central Asian nation.

Euronews

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China announces suspension of expanded rare earth export controls

China suspended an array of export control measures it imposed on October 9, including expanded curbs on some rare earths materials and equipment, as well as lithium battery materials and super-hard materials, the Commerce Ministry said ...

Reuters

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Mali’s leader addresses deadly fuel crisis amid jihadi blockade

General Assimi Goita, the head of Mali's military junta, spoke for the first time on Monday about the country's fuel crisis.

Africanews

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Turkey's mining threatens ancient olive grove heritage

The country's hunger for energy and raw materials is destroying ancient olive groves. Mining has already destroyed eight villages. Now, whole communities are fighting back.

DW News

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Indigenous people, environment bear the toll of Brazil's gold rush

Illegal gold mining in Brazil’s Amazon is thriving, fueled by rising gold prices and the promise of quick wealth. But with the environmental destruction it brings, local communities and Indigenous groups are bearing a heavy toll.

Al Jazeera