News
G7 trade talks target critical minerals as US-EU tariff rift strains unity
1+ hour, 57+ min ago (354+ words) PARIS, May 6 (Reuters) " Group of Seven trade ministers meeting in Paris on Wednesday sought common ground on securing critical mineral supplies that are dominated by China, but fresh "U. S. tariff threats against European Union-made cars risked straining unity. France "wants critical…...
Jesuits in Britain consider divesting from Rio Tinto over environmental concerns
2+ hour, 21+ min ago (228+ words) May 6 (Reuters) " The Jesuits in Britain, a Catholic religious order, may sell its stake in Rio Tinto following unsuccessful engagement "with the mining giant over environmental concerns "in Madagascar and Guinea, its head of ethical investments said on Wednesday. "We've…...
BHP CFO says new investors buying in on copper exposure, AI demand
8+ hour, 45+ min ago (266+ words) SYDNEY, May 6 (Reuters) " BHP's Chief Financial Officer Vandita Pant said on Wednesday that new generalist investors were buying into the "company as AI demand makes its exposure to "copper more valuable. Shares in BHP, the world's biggest listed miner and…...
Analysis-Big funds bet billions on mining supercycle
6+ day, 5+ hour ago (775+ words) By Clara Denina, Pratima Desai and Melanie Burton LONDON, April 30 (Reuters) " Major fund managers are heralding a sustained rally in mining and metals as money floods into the sector at the fastest pace in years, driven by robust AI infrastructure,…...
Brazil aims to regulate critical minerals without tax breaks, finance minister says
1+ week, 4+ day ago (448+ words) By Marcela Ayres and Bernardo Caram BRASILIA, April 24 (Reuters) " Brazil's planned critical minerals rules'do not involve fresh tax breaks, Finance Minister Dario Durigan said on Friday, adding that their aim was to secure national sovereignty and add value through "domestic…...
Fortescue's third-quarter iron ore shipments rise 5% but miss estimate
1+ week, 5+ day ago (172+ words) April 24 (Reuters) " Australian miner Fortescue narrowly missed third-quarter iron ore shipment estimates on Friday, "but reported better performance than "last year due to strength in its hematite operations. Shipments from Fortescue's Iron Bridge project in Western Australia rose "33. 3% "to 2 million…...
US-based Virtus and Indian partner to restart Congo copper miner Chemaf in 2027, union executive says
1+ week, 6+ day ago (347+ words) By Maxwell Akalaare Adombila DAKAR, April 22 (Reuters) " U. S. -based Virtus Minerals and Indian partner Lloyds Metals & Energy plan to restart full production at Congolese copper and cobalt miner Chemaf in January 2027 after a Washington'backed takeover, "a union executive has told Reuters....
South32 trims Australia manganese outlook after wet season, cyclone impact
2+ week, 12+ hour ago (208+ words) April 22 (Reuters) " South32 on Wednesday cut its full'year forecast for Australia manganese after wet'season rainfall and Tropical "Cyclone Narelle disrupted operations, even "as third'quarter output rose on stronger contributions from the unit. In March, Narelle had forced the company to temporarily…...
BHP's says third-quarter iron ore output rises, keeps full-year outlook
2+ week, 13+ hour ago (176+ words) April 22 (Reuters) " BHP Group on Wednesday said its third-quarter iron ore production rose 3%, as "a strong performance at "its Western Australia operations outweighed impacts from tropical cyclones, while the miner maintained its outlook for the full year. Two "tropical "cyclones…...
US firm in key Congo minerals deal overstated its mining experience, documents and sources show
2+ week, 1+ day ago (1025+ words) DAKAR, April 21 (Reuters) " A U. S. firm'central to the Trump administration's push to secure critical minerals from Congo overstated its mining experience, Reuters has found. Virtus, which bought Chemaf's mines in March for $30 million from the miner's shareholders, stated on its website…...