Base & Precious Metals News

Sep 23 - Metal industry sees no need for LME green aluminium platform
The London Metal Exchange does not need a separate platform to trade low carbon aluminium and should focus instead on services its users need more urgently, such as a euro-denominated steel contract, metal industry sources told Reuters. As pressure mounts on investors and companies to prove their activity does not harm the environment, the exchange last month outlined plans to support sustainable metal production with a spot trading platform in the first half of 2021 for low carbon aluminium. 

Sep 23 - Less than half the gold sent to big refiners comes from mines - LBMA 
Less than half the gold processed by major refiners in 2018 came from large industrial mines, the London Bullion Market Association said on Tuesday, publishing data revealing for the first time the origin of bullion moving through its system. The LBMA said refiners it accredits, which dominate the industry and supply the world's biggest banks, jewellers and manufacturers, processed 4,836 tonnes of gold in 2018 -- an amount worth around $300 billion at current prices.

Sep 23 - Glencore to extend life of Australian copper smelter, refinery beyond 2022
Glencore will spend A$500 million ($356 million) to extend the life of its copper smelter and refinery in the Australian state of Queensland beyond 2022, after reaching a funding agreement with the state government, both parties said on Wednesday. The global miner said it had secured a one-off incentive from the Queensland state government for the business which includes its Mount Isa copper smelter and Townsville refinery, ahead of a state election at the end of October. 

Sep 23 - Russian lawmakers give initial nod to hefty tax hike for mining, oil
Russian lawmakers on Tuesday supported a plan to increase taxes for some mining and oil companies, as Moscow seeks to plug the gaps left by lower oil prices and the COVID-19 pandemic, while facing industry opposition and criticism of its changing rules. The lawmakers, also in the first reading, backed tax breaks for certain oilfields in Western Siberia, the heartland of Russia's oil industry, with energy champion Rosneft seen as the main winner.

Sep 23 - Venezuela launches London appeal in battle for $1 bln in gold
The Nicolas Maduro-backed Venezuelan central bank launched a landmark appeal in London on Tuesday over $1 billion of gold reserves held in the Bank of England's underground vaults. The Banco Central de Venezuela (BCV) board controlled by the Maduro government is challenging a High Court ruling in July that the UK government "unequivocally" recognised opposition leader Juan Guaido as the interim president, therefore giving him control over the gold.

Sep 22 - Gold miners insist they won't splurge despite price surge
The world's top gold miners sought to reassure investors on Monday that they're not going on a spending spree despite surging gold prices boosting their shares and free cash flow. Miners are opting to give more cash back to shareholders rather than plotting takeovers which the market may disapprove of with the COVID-19 pandemic far from over. 

Sep 22 - Cobalt demand for 5G technology to challenge electric vehicles
The need for larger rechargeable batteries and more energy storage for 5G technology is expected to significantly boost demand for cobalt over coming years and potentially pit the sector against electric vehicle makers. Larger batteries, using lithium cobalt oxide chemistry (LCO), are needed in 5G phones because the antenna, used to transmit and receive radio waves, need more power than those in 4G phones. 

Sep 22 - Rio Tinto to develop bonded area operations for blending iron ore at Dalian port
Anglo-Australian miner Rio Tinto has signed a pact to jointly develop its first bonded area operations to blend iron ore in China's port of Dalian, the company said on Tuesday, as it moves to widen offerings for customers across Asia. China, the world's top iron ore consumer, brought in more than one billion tonnes of the steelmaking ingredient in 2019.

Sep 22 - Sibanye-Stillwater looking to buy gold mines outside South Africa - CEO
Sibanye-Stillwater CEO Neal Froneman said on Monday he wanted to increase the mining company's exposure to gold, but added that it was a difficult time to do deals. "We really do like gold," Froneman told the Gold Forum Americas conference. The precious metal which has surged 27% this year only accounts for about 10% of Sibanye's earnings at the moment. 

Sep 22 - Rio Tinto has not formally committed to review threatened sites, Aboriginal group says
Mining giant Rio Tinto has not formally committed to review the terms of an iron ore mine development that would let it destroy 124 culturally significant sites, a group representing Aboriginal traditional owners said on Monday. Addressing a parliamentary panel examining how Rio legally destroyed sacred and historically significant rockshelters in Western Australia state, the head of the Yinhawangka Aboriginal Corporation said Rio had stopped short of promising any review.

Sep 22 - Ecuador's Constitutional Court approves consultation on mining in Andean city 
Ecuador's highest court said Monday it had ruled in favor of holding a referendum on banning large and medium-scale mining activity near water sources in Cuenca, a city in southern Ecuador's highlands. Cuenca's city government had proposed that the Constitutional Court approve questions for the referendum, which seeks to prohibit mining and pollution in areas surrounding five rivers that cross the city and are its source of water.

Sep 22 - Kinross Gold CEO sees "very low" risk of unrest spreading to Mauritania
Canadian gold miner Kinross Gold said it saw a "very low" risk of political unrest in Mali spreading to Mauritania, its neighbour to the north where Kinross has a gold mine with plans to expand. "We don't see the Mali issue coming to Mauritania," CEO Paul Rollinson told the Gold Forum Americas conference. 

Sep 22 - Copper market in 192,000 tonnes deficit in Jun 2020 - ICSG
The global world refined copper market showed a 192,000 tonnes deficit in June, compared with a 36,000 tonnes deficit in May, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 6 months of the year, the market was in a 235,000 tonnes deficit compared with a 309,000 tonnes deficit in the same period a year earlier, the ICSG said.

Sep 22 - Ghana plans $500 mln London listing of gold royalty fund - sources
Ghana, Africa's largest gold producer, is planning an up to $500 million listing of its gold royalty fund in London in October, though the deal could still run into political opposition, three sources familiar with the matter told Reuters. Agyapa Royalties, a government-backed fund that holds equity interests including mining royalties in the state's gold assets, has hired Bank of America and JPMorgan to pursue an initial public offering (IPO) on the London Stock Exchange this year, the sources said.

Sep 21 - Vale's mining dams are still a risk, company must do more, Brazil prosecutor says
Despite two major deadly mining disasters since 2015, Brazilian iron ore miner Vale SA has not complied with a number of commitments signed with authorities to prevent a third disaster, federal prosecutor Edison Vitorelli told Reuters. Twenty-nine dams that Vale uses to store mining waste still present elevated safety risks, according to Vitorelli, who forms part of a task-force of about two dozen federal and state prosecutors who pressed charges against the company after the most recent disaster which killed 270 people in January 2019.

Sep 21 - 'Free money' for banks as investors pile into fractured gold market
Banks are making huge profits from gold as investors flood into a market fractured by the coronavirus crisis. The world's largest 50 investment banks are on track to double their income from precious metals this year to around $2.5 billion, most of it from gold, Coalition, a banking consultancy, told Reuters. 

Sep 21 - Comex gold speculators raise bullish bets in latest week  - CFTC
Hedge funds and other money managers increased their net long positions on gold, copper and silver in the latest week, according to a weekly report from the Commodities Futures Trading Commission. Gold speculators raised their net long position by 10,622 contracts to 165,251 in the week ended Sept. 15. 

Sep 21 - Precious metals streaming firm Wheaton plans London listing
Streaming firm Wheaton Precious Metals Corp said on Sunday it is planning a UK listing by year-end, potentially the largest metals and mining company to join the London Stock Exchange since Glencore in 2011. The Vancouver-based group, which is dual-listed in New York and Toronto, is valued at about $23 billion on the Canadian exchange.

Sep 21 - China's Regal Metal plans to launch 300,000 tpy recycled aluminium project
China's Regal Metal said it planned to build a recycled aluminium project in Shanxi province with annual capacity of 300,000 tonnes of secondary aluminium. The project is part of revitalisation of old and abandoned assets, supported by the local government, and building of new assets.

Sep 18 - BHP sought to disturb cultural sites even after concerns raised - inquiry
BHP Group pursued permission to damage Aboriginal cultural sites in April, an Australian parliamentary inquiry heard on Thursday, despite being told of the distress it would cause traditional owners. The inquiry is investigating Rio Tinto's legal detonation in May of sacred and historically significant rockshelters for an iron ore mine at Juukan Gorge in Western Australia's Pilbara region. 

Sep 18 - U.S.-Canada truce but aluminium is ever more politicised: Andy Home
The United States has had another change of heart about how to deal with aluminium imports from its neighbour and largest supplier Canada. The 10% tariff that was re-imposed on unalloyed primary metal last month will now be lifted. Cue a collective sigh of relief from U.S. users facing another sharp rise in local premiums.

Sep 18 - Flood of gold from Switzerland to U.S. stopped in August
Swiss exports of gold to the United States all but halted in August while shipments to China and India rose, customs data showed on Thursday, suggesting a big transfer of bullion to New York that followed the coronavirus outbreak has run its course. The pandemic upended the global gold trade, shutting the vast consumer markets of Asia while triggering a rush among western investors to buy what they consider a safe financial asset. 

Sep 18 - Gold smugglers in Congo hobble legal trade by buying at a premium, report says
Illicit gold traders in eastern Democratic Republic of Congo offer premium prices to subsistence miners, impeding efforts to stamp out a thriving regional black market in Congolese gold, Canadian non-governmental organisation IMPACT has found. Tonnes of gold produced by subsistence or "artisanal" miners in the Congo gets smuggled into the global market through its eastern neighbours while the country's official exports are tiny. 

Sep 18 - China Hongqiao kicks off aluminium production in Yunnan
The world's top private-sector aluminium producer China Hongqiao Group Ltd has started first phase production at a greener aluminium plant in the southwestern province of Yunnan, cutting its reliance on coal-fired power, a Hongqiao affiliate said on Thursday. Hongqiao’s smelting capacity is currently located in the city of Binzhou in Shandong and relies on coal-fired power for the electricity-intensive smelting process. The move to Yunnan allows it to swap coal for cleaner hydropower.

Sep 18 - Israel, Dubai diamond exchanges begin strategic collaboration
The Israel and Dubai diamond exchanges have signed an agreement to promote cooperation in a deal certain to boost direct trade between the Middle East's main diamond hubs. The agreement was announced on Thursday two days after Israel and the United Arab Emirates signed an historic agreement to normalize ties and marks a further development in economic collaboration.

Sep 18 - Cornish Lithium mulls second round of crowdfunding, IPO for UK project
Britain's Cornish Lithium said on Thursday it was considering another round of crowdfunding for its geothermal lithium project after reporting high grades of the key battery ingredient in brine that also produces renewable power. The exploration company, founded and headed by ex-banker Jeremy Wrathall, plans to extract lithium from brine heated by the earth's core within three to five years to meet an expected boom in demand from electric vehicle battery manufacturers.

Sep 18 - Ferroglobe, creditors hire advisors as debt restructuring speeds up - sources
Ferroglobe, the largest western producer of silicon metal, and its creditors have hired finacial advisers to speed up a restructuring of the company's $451 million of debt, two sources familiar with the situation said. Ferroglobe, 53% owned by Spanish billionaire and former finance minister Juan Miguel Villar Mir, is under pressure as the COVID-19 pandemic exacerbates a slowdown in demand from the automotive industry, the main consumer of silicon metal, in Europe and the United States.

Sep 17 - China steel sector sees higher demand in H2, calls to fend off import surges
Chinese major steel producers had suggested to prevent sharp increase in imports of the industrial metals and to relax purchase of overseas steel scrap, the China Iron and Steel Association (CISA) said on Wednesday. Nine steelmakers, including the biggest China Baowu Steel Group, Shougang Group and Ansteel Group raised concerns on the steel market amid the coronavirus disruptions and rising production costs, the companies said at a conference held by the CISA on Sept.9. 

Sep 17 - Europe's carbon tax plans to help create "green" premium for aluminium
European proposals to neutralise the carbon emitted by aluminium's energy-intensive production process mean consumers wanting to use the metal will eventually, albeit indirectly, have to pay a "green" premium. Consumers are reluctant to pay extra for aluminium smelted using hydropower, which makes it low carbon, produced by companies such as Russia's Rusal and Rio Tinto's Canadian operations.

Sep 17 - Trump says to be 'no politics" in Alaska mine project review 
U.S. President Donald Trump said there would be "no politics" in the review process of Alaska's Pebble Mine project which has previously been opposed by prominent Republicans and environmentalists who say it would damage wetlands and popular fishing sites. "Don't worry, wonderful & beautiful Alaska, there will be NO POLITICS in the Pebble Mine Review Process. I will do what is right for Alaska and our great Country!!!," Trump said in a tweet late on Wednesday. 

Sep 17 - China August refined copper output rises month-on-month - stats bureau
China's refined copper output in August rose from the previous month on lower maintenance at smelters, official data showed on Wednesday. Refined copper output stood at 894,000 tonnes last month, the National Bureau of Statistics said, up from 814,000 tonnes in July and was 9.7% higher than same period year ago. 

Sep 17 - China's Henan province to tackle mine waste disposal risks
China's central Henan province has pledged to cut the number of tailings dams in the province by 10% by end-2022, aiming to reduce the risk of disasters and cut mine pollution, the province's emergency management department said. China has been working to improve its management of tailings dams - the most common waste disposal method for mining firms - following a fatal dam collapse in Brazil in 2019 and a spill in northeast Heilongjiang province earlier this year.

Sep 17 - Brazil miner Vale targets 450 mln tonnes capacity, sets no date
Brazilian miner Vale SA said on Wednesday it planned to expand its annual production capacity to 450 million tonnes, from a current rate of 318 million, by boosting output in its Northern operations and recovering production lost following last year's deadly dam disaster. In a presentation to investors made public on Wednesday, Vale set no date to meet the target that would make it once again the world's largest iron ore producer. 

Sep 17 - UK's Cornish Lithium finds high-grade material in govt-backed project
Britain's Cornish Lithium said on Thursday it found high grades of lithium in geothermal waters that can be produced sustainably from a project aimed at becoming the country's key source of the battery material. The exploration company, founded and headed by ex-banker Jeremy Wrathall, plans to extract lithium from brine heated by the earth's core to meet the expected boom in demand for electric vehicles.

Sep 17 - Indonesia says LG Chem, CATL sign deal for lithium battery plant
Indonesia has secured a deal to build a lithium battery plant in the country with South Korean LG Chem Ltd and China's Contemporary Amperex Technology Ltd (CATL), a senior minister said. Taking advantage of the nation's large nickel output from which battery chemicals can be extracted, Indonesia has set a 2024 target to start producing lithium batteries, Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said. 

Sep 17 - Russia targets tobacco, mining, oil taxes in hunt to plug budget holes
Russia is considering raising taxes affecting some mining companies, tobacco sales and the oil industry, officials said on Wednesday, in Moscow's latest attempt to plug holes in its budget. The move, estimated to bring in around 340 billion roubles ($4.54 billion) a year, comes as Russia faces a prolonged budget deficit amid weak oil prices and after Moscow stepped up its support for Belarus which includes a $1.5 billion loan. 

Sep 17 - Restoration after 2015 Brazil dam burst behind schedule - UN expert
None of 42 projects to repair damage from the 2015 collapse of a Brazilian dam is on track, according to a United Nations expert report published shortly before mining giant BHP hears if it will be pursued through English courts over the disaster. U.N. Special Rapporteur Baskut Tuncak alleged mining companies had failed to provide effective reparations since Brazil's worst environmental disaster decimated the livelihoods of over 3 million people.

Sep 17 - Gold miner Pan African counts on gold price to maintain strong growth, says CEO
South African gold miner Pan African Resources could maintain its strong rate of profit growth and dividend payout in the current financial year if gold prices remain at current levels, its chief executive Cobus Loots said on Wednesday. Pan African, which produced around 180,000 ounces of gold metal last year to beat its own guidance, posted a 92.4% increase in its headline earnings per share (HEPS) - South Africa's main profit measure - to 2.29 U.S. cents for the year ended June 2020, it said in a statement.

Sep 16 - U.S. to remove tariffs on Canadian aluminum, Ottawa drops threat of retaliation
The Trump administration said on Tuesday it will remove 10% U.S. tariffs on raw Canadian aluminum as long as imports of the metal stay below levels that are expected to "normalize" over the next four months. In response, Canada dropped a threat to impose billions of dollars of retaliatory sanctions, marking the end of a spat between the major trading partners.

Sep 16 - Slowing investor demand looms over gold prices
The rapid accumulation of gold by investors as the coronavirus crisis erupted earlier this year has slowed, threatening the record-breaking rally in prices of the precious metal. Investors seeking safety in gold, which typically holds its value during troubled economic and political times, have offset a collapse in jewellery demand and helped push prices above $2,000 an ounce for the first time.

Sep 16 - Juukan Gorge is a watershed moment for the world's miners: Andy Home
Even before Rio Tinto made its fateful decision to blow up the ancient Aboriginal rockshelters at Juukan Gorge, this was turning out to be another terrible year for the mining industry. In May Russian nickel producer Norilsk spilled 20,000 tonnes of diesel into the Ambarnaya river in Siberia. The damage to the Arctic eco-system has been compared by Greenpeace to the infamous Exxon Valdez oil spill in 1989.

Sep 16 - Freeport does not want to be 'distracted' by buyout offers, CFO says
Freeport-McMoRan Inc does not want to be distracted by any buyout offers and is focused on expanding its Grasberg copper-and-gold mine in Indonesia and boosting cash flow, Chief Financial Officer Kathleen Quirk said on Tuesday. Executives at rival miner Barrick Gold Corp have openly talked in recent months about their interest in buying all or part of Freeport, especially Grasberg, the world's largest copper mine. 

Sep 16 - Miner BHP says Aboriginal landowners free to speak on how it manages cultural heritage
BHP Group said on Wednesday the destruction of a 43,000-year old Aboriginal rock shelter in Australia by fellow miner Rio Tinto had impacted the trust between Indigenous land owners and the resource industry. It said it would halt work that could impact Aboriginal sacred sites while it consulted further with Indigenous groups and that Aboriginal owners of the land it mined were free to comment on its management of their cultural heritage.

Sep 16 - Steel prices to keep rising on industrial rebound; margins soft
Steel prices are set to keep rising in coming months as economies recover and demand picks up after being hit by the coronavirus pandemic. Many steel mills are resuming operations after being suspended due to COVID-19, but companies will only benefit modestly due to higher costs.

Sep 16 - Australia's Fortescue says it won't consider heritage resolution at AGM
Fortescue Metals Group said on Tuesday it will not consider a shareholder resolution at its annual general meeting that called on the iron ore miner to halt activities that could damage Aboriginal cultural heritage sites. The move comes on the heels of growing scrutiny on resource projects in Western Australia and other parts of the country that could affect places of cultural significance, after global miner Rio Tinto legally blew up a rock shelter in May that showed 46,000 years of human habitation. 

Sep 16 - Japan's JFE aims to cut CO2 emissions by 20% by 2030
Japan's JFE Holdings Inc said on Tuesday it would aim to cut CO2 emissions from its mainstay steel unit, JFE Steel, by more than 20% by the 2030 financial year that ends March 2031 from the 2013 level in a bid to tackle climate change. The company, which has been working with other members of the Japan Iron and Steel Federation to develop new technology to trim CO2 emissions, formed a new project team under the direct control of JFE Steel's president to step up efforts on its own.

Sep 15 - China August crude steel output sets record on firm demand outlook
China's crude steel output in August rose 1.6% from a month earlier, setting a new single month record, as mills ramped up production on expectations of demand rising as the construction sector enters its peak season. The world's largest steel producer churned out 94.85 million tonnes of crude steel last month, data from the National Bureau of Statistics (NBS) showed on Tuesday, increasing from 93.36 million tonnes in July and up 8.4% from August 2019. 

Sep 15 - BHP freezes executive salaries as CEO Henry takes $6.1 mln for first 6 months
Global miner BHP Group said in its annual report on Tuesday that it froze salaries of key leadership personnel for the coming financial year, while Chief Executive Mike Henry received $6.1 million in the first six months on the job. Henry, who became chief executive on Jan. 1 this year, was set a salary of $1.87 million a year, including a base salary of $1.7 million and a 10% pension contribution, but not including short- and long-term incentives that make up the majority of his remuneration.

Sep 15 - China August aluminium output hits new high on decent prices, firm demand
China's aluminium production in August rose 2.3% from a month earlier, setting a record high for a second month, fuelled by increasing output at smelters and robust demand outlook. The world's top aluminium producer churned out 3.17 million tonnes of primary aluminium last month, the National Bureau of Statistics (NBS) said on Tuesday. That was up from 3.1 million tonnes July and an increase of 5.5% from August 2019. 

Sep 15 - Hedging hit drives S.Africa's Harmony Gold to annual loss
South Africa's Harmony Gold Mining Co Ltd on Tuesday posted an annual loss of 828 million rand ($53 million), stung by a weaker exchange rate against the U.S. dollar, despite a boost in revenue from soaring gold prices. Last week the company flagged derivative losses of about 1.7 billion rand and translation losses of nearly 919 million rand on dollar-denominated debt. 

Sep 15 - Pink coffins mark growing death toll of Congo gold mine collapse
Pink painted coffins lined a hillside in eastern Congo on Monday as rescuers filled them with the bodies of victims of a gold mine cave-in, in which 50 people are feared dead. Alexandre Ngandu Kamundala, deputy mayor of Kamituga, one of Democratic Republic of Congo's oldest gold-mining communities close to where the unofficial mine collapsed on Friday, said that 19 bodies have so far been found.

Sep 15 - Tokyo Steel to raise product prices in October by 2.2%-3.4%
Tokyo Steel Manufacturing Co, Japan's top electric-arc furnace steelmaker, said on Tuesday it would raise its steel product prices by 2.2%-3.4% in October to reflect demand recovery at home and abroad. The company had kept prices unchanged for all of its steel products in September for a second consecutive month. 

Sep 15 - Chile's Codelco reaches contract agreement with El Teniente supervisors
Chile's state-owned copper miner Codelco said on Monday it had reached a contractual agreement with the supervisors' union at El Teniente mine, reflecting the new constrained realities of the industry following the economic blow dealt by the COVID-19 pandemic. The company said in a statement the agreement that supervisors would not receive a pay rise in the coming contract was backed by 88% of the union's members and the signed deal would remain in place for 36 months from Nov. 1, 2020.

Sep 15 - Canada's First Quantum eyes operations expansion at Zambia mine
Canadian miner First Quantum Minerals Ltd said on Monday it plans to expand operations at the Kansanshi mine in Zambia, Africa's biggest copper mine. In a technical report, the company said it plans to expand the sulphide ore processing facility at the Kansanshi mine by 25 million tonnes per annum (mtpa), which will boost annual throughout to 52 mtpa. 

Sep 15 - China's CATL to invest in Neo Lithium, help develop Argentina mine
China's CATL will buy more than 10 million shares of Neo Lithium Corp to become the company's third-largest shareholder, the latest in a string of investments by Chinese companies into South American lithium projects. The deal, announced on Monday, comes as demand for the electric vehicle battery metal is expected to triple over the next five years as automakers shift their focus away from internal combustion engines to EVs.

Sep 14 - World’s gold miners wary of production ramp-up despite price surge
The world's top gold miners are retrenching after COVID-19 related shutdowns despite record prices for the yellow metal, with cost-conscious executives prioritizing investor returns over production growth. Gold prices have jumped 30% this year to roughly $2,000 an ounce as central banks dial up stimulus measures in response to the coronavirus pandemic. 

Sep 14 - China aiming to add to its cobalt stockpile - sources
China's National Food and Strategic Reserves Administration has asked the country's major cobalt producers to submit proposals to sell their metal to the state, sources with direct knowledge of the matter told Reuters. The Chinese government was earlier this year urged by the country's nonferrous metals association to take advantage of a coronavirus-driven slump in commodity prices and stockpile metals, which would also support struggling producers. 

Sep 14 - Tesla in talks to buy low carbon nickel from Canada - sources
Tesla is in discussions with Canadian miner Giga Metals about helping to develop a large mine that would give the electric carmaker access to low carbon nickel for its batteries, three sources familiar with the matter said. Alongside its goal to reduce pollution from driving, Tesla is also striving to reduce its own carbon footprint. 

Sep 14 - Rio, other miners, should adopt "10th man" to reform boards: Russell
Rio Tinto's board may have stemmed the bleeding of the mining giant's public image with the belated dumping of Chief Executive Jean-Sébastien Jacques after a widely-panned initial punishment for blowing up two significant Aboriginal rockshelters. Jacques, along with iron ore boss Chris Salisbury and Simone Niven, head of corporate relations, the unit responsible for dealing with indigenous communities, will depart in the wake of the fallout over the destruction of the caves at an iron ore mine in Western Australia state. 

Sep 14 - Survivor recalls horror after Congo mine collapse
Kinyenye Furaha passed out from shock when he realised a mine collapse in eastern Congo had buried more than 50 fellow miners including his brother, he said on Sunday, as the hunt continued for bodies two days after the disaster. Miners searching the site near the town of Kamituga in Democratic Republic of Congo have so far recovered 18 bodies, after heavy rains on Friday caused the artisanal gold mine to cave in, burying those working below ground. 

Sep 14 - Aluminium producers' race to go green may fracture market: Andy Home
Tesla is ordering giant aluminium casting presses for its assembly line in Germany. The "Gigapress" is the size of a small house and will replace with a single module around 70 parts that are currently glued and riveted into the car's chassis. 

Sep 14 - Congo says it will reimburse VAT to mining companies after audit
Congo said on Saturday it will reimburse value-added tax payments to mining companies operating in the country following an audit to determine how much it owes them, after a backlash over an earlier decision to stop payments. Africa's top copper producer has suspended the VAT on mining imports since July 2016 to help operators during a commodity price downturn, and to pay down hundreds of millions of dollars in VAT reimbursements owed to the companies.

Sep 14 - Colombia coal output nearly halved in Q2 to 9.7 mln tonnes, govt says
Coal production in Colombia, the world's fifth-largest coal exporter, fell by 48.8% in the second quarter because of coronavirus quarantine measures and low international prices, the government said on Friday. The South American country produced 9.7 million tonnes of the fuel between April and June, down from 18.8 million tonnes in the year-ago period, the mines and energy ministry and national mining agency said in a joint statement.

Sep 14 - Metals industry veteran Christian Schirmeister to retire in October
Metals industry veteran Christian Schirmeister will retire in October after a distinguished career spanning four decades in sales and trading starting in 1979 at Metallgesellschaft, previously one of Germany's largest conglomerates. As head of client liaison worldwide, Schirmeister made the company his professional home as it transitioned into MG plc, Enron Metals, Sempra Metals, RBS Sempra and eventually J.P. Morgan, which he left in 2015.

Sep 14 - Nornickel says it collected more than 90% of fuel leaked by Arctic spill to rivers
Russia's Norilsk Nickel (Nornickel) said on Friday that it had collected more than 90% of fuel leaked into rivers during its Arctic fuel spill earlier this year, or about 12,000 tonnes. The spill occurred on May 29 after a fuel tank lost pressure and released 21,000 tonnes of diesel into rivers and subsoil near the city of Norilsk in Siberia. Greenpeace has compared the incident to the 1989 Exxon Valdez oil spill off Alaska.

Sep 11 - Rio Tinto bows to pressure over cave blast as CEO, executives exit
Rio Tinto parted ways with its chief executive and two deputies on Friday, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response. The departures are the highest profile examples yet of the increasing muscle of institutional investors to hold companies to account for actions that fall short in areas such as human rights obligations and expected community standards. 

Sep 11 - Shanghai exchange plans to launch alumina futures contract by first half of 2021
China's Shanghai Futures Exchange (ShFE) expects to roll out its alumina futures contract, which was initially scheduled for launch in 2019, by the first half of 2021, an official from the bourse said on Friday. Ge Wanwan, senior manager at the ShFE, however, did not elaborate on reasons for the delay in the launch.

Sep 11 - China metal recycling body sees 2020 copper scrap imports down 50%
China's copper scrap imports are expected to drop around 50% this year, an official from the China Nonferrous Metals Industry Association's CMRA recycling branch said on Friday. China, the world's top metals consumer, brought in 1.49 million tonnes of copper scrap in 2019, Wang Jiwei, deputy president of CMRA, said at the China International Copper Forum. The country has granted import quotas for 743,140 tonnes of copper scrap so far this year. 

Sep 11 - India plans to restrict copper, aluminium imports with an eye on China - sources
India is planning to raise surveillance of copper and aluminium imports while developing policies to curb shipments from China and other Asian nations to protect domestic producers, said two government sources and an industry official. Officials in New Delhi are expected to soon ask importers to register with authorities as a first step towards tighter controls that would require permits for individual shipments of the two metals, government sources said. The sources declined to be identified due to the sensitive nature of the discussions. 

Sep 11 - Copper treatment benchmark expected to hit lowest in a decade next year 
Benchmark treatment charges for copper concentrate next year are likely to fall a sixth straight year, to their lowest since 2011 at about $60 a tonne, traders and analysts said, as refined metal demand returns and despite an expected recovery in supply. Miners pay treatment and refining charges (TC/RCs) to smelters to process their copper concentrate into refined metal, offsetting the cost of the ore itself. Charges typically go down when concentrate supply is tight and smelters have to accept lower fees to get feedstock.

Sep 11 - Antaike raises China's 2020 refined copper imports forecast 
Research group Antaike raised its 2020 forecast for China's refined copper imports for the second time this year, amid record shipments of the metal in June and July. Antaike, the China Nonferrous Metals Industry Association's research arm, pegged refined copper imports this year at 3.8 million tonnes, according to a presentation by analyst He Xiaohui viewed by Reuters. 

Sep 11 - Lithium giant Albemarle locks horns with Chile over reserves data
Albemarle, the world's largest lithium producer, is locked in a feud with Chilean regulators over how it calculates its reserves of the ultralight metal, a potential risk to its plans to ramp up production. Regulators are demanding extra information on reserves Albemarle holds in the lithium-rich Atacama salt flat, according to a non-public regulatory filing seen by Reuters. The U.S.-based miner told Reuters that the information it has provided already goes beyond Chilean requirements.

Sep 11 - Russian watchdog files $2 bln lawsuit against Nornickel for fuel spill damage
Russia's environment watchdog said on Thursday that it had filed a lawsuit against a power business owned by mining giant Norilsk Nickel to claim 148 billion roubles ($1.96 billion) for environmental damage caused by a fuel leak earlier this year. The spill occurred on May 29 after a fuel tank lost pressure and released 21,000 tonnes of diesel into rivers and subsoil near the city of Norilsk in Siberia. Greenpeace has compared the incident to the 1989 Exxon Valdez oil spill off Alaska. 

Sep 11 - BHP lays down goals to cut own emissions by 30% by FY2030
BHP Group will focus on cutting its operational emissions by 30% by the 2030 financial year from 2020 levels, and will link executive bonuses to its progress, its chief executive said in a climate strategy update on Thursday. The world's biggest listed miner will focus on using cleaner forms of power supply as well a taking steps to electrify its diesel-powered truck fleet as part of steps that will eventually see it reach net zero operational emissions by 2050.

Sep 11 - S.Africa's Harmony Gold expects to swing to a full year loss
South Africa's Harmony Gold Mining said on Thursday it expects to report a loss for the full year as a 1.7 billion rand ($102 million) derivative loss hits profits though revenue increased on a higher gold price. The gold miner expects headline loss per share (HEPS) for the year ended June 30, to be between 139 and 169 cents, compared to earnings of 204 cents per share reported in the year-ago period.

Sep 10 - Pressure mounts for Rio board after Australian cave blast review
Australian superannuation fund Hesta has become the latest investor to voice dissatisfaction over the findings of Rio Tinto's board-led review into how the iron ore miner legally detonated historically significant Aboriginal rockshelters. The comments come as Rio Tinto is expected to update investors within 24 hours on further steps that may bring more sanctions for executives, a separate Australian-based investor group told Reuters on condition of anonymity, on Thursday. 

Sep 10 - Brazil judge blocks Vale executives removal before the miner's defense
A Brazilian federal judge has denied an injunction request filed last week by prosecutors against Vale SA, which asked for the urgent removal of top executives in charge of safety and to suspend dividend payments, according to a court filing on Wednesday. The judge based in Minas Gerais state said it would be inappropriate to decide on the injunction request before the Brazilian mining company had a chance to defend itself.

Sep 10 - Shareholder group seeks Fortescue moratorium on Australian cultural site damage
A shareholder group on Thursday urged Australia's Fortescue Metals Group Ltd to commit to not damaging or disturbing cultural heritage sites and lift confidentiality provisions on Aboriginal traditional owners. The shareholder resolution, to be tabled at Fortescue's Nov. 11 annual general meeting, comes after rival Rio Tinto faced a government enquiry into how it legally blew up two rock shelters in May, including one showing 46,000 years of human habitation. 

Sep 10 - Barrick CEO faces stark test in fight for Papua New Guinea mine
A standoff over a remote gold mine in Papua New Guinea threatens Barrick Gold Corp Chief Executive Mark Bristow's streak of resolving thorny disputes with host governments, in the first major test he has faced outside his home patch of Africa. Barrick, the world's second-largest gold producer, lost a key court challenge last week over rights to the Porgera gold mine. PNG Prime Minister James Marape in April refused to extend Barrick's lease for the requested 20 years and instead gave the lease to a state-owned mining company Kumul Minerals Holdings Ltd. 

Sep 10 - China's August refined nickel output up 15% y/y - Antaike
China's August refined nickel output rose 15% from a year earlier to 14,260 tonnes, Antaike, the research arm of the country's nonferrous metals association said on Wednesday. On a monthly basis, nickel cathode output fell 3.5% last month, mainly affected by maintenance at top producer Jinchuan Group, which produced 12,500 tonnes of the product in August, according to an Antaike statement. 

Sep 10 - Salzgitter CEO rejects idea of steel alliance with Thyssenkrupp
Germany's second-largest steelmaker Salzgitter is not interested in an alliance with rival Thyssenkrupp, Chief Executive Heinz Joerg Fuhrmann told Reuters. "We currently do not see any scenario that would improve our situation compared with independence," Fuhrmann said in an interview on Monday.

Sep 10 - South Africa's power cuts weigh on miners' investment decisions
Increasing disruptions to power supply from South Africa's struggling utility Eskom could hit mining companies plans to invest, two top industry executives warned on Wednesday. "I think the impact of Eskom is far more pronounced than the impact of COVID, although COVID is getting all the attention," Nico Muller, Chief Executive of Impala Platinum (Implats) said during a platinum group metals (PGM) conference.

Sep 10 - China's August zinc output hits record high in nearly 5 years - Antaike
China's August refined zinc output rose 2.8% to 450,000 tonnes from last year, research house Antaike said on Wednesday, hitting a record monthly high in nearly five years as smelters boosted production. Zinc output from 49 Chinese producers increased by 19,000 tonnes last month compared with the revised July data, according to a survey by Antaike, sending production for the January-August period to 3.37 million tonnes, up 2.1% from same period in 2019. 

Sep 10 - Jiangxi Copper chairman Long retires at 60, general manager takes over
Jiangxi Copper Co Ltd said on Wednesday chairman Long Ziping had stepped down at his legal retirement age and that general manager Zheng Gaoqing would take over the top position in the integrated copper producer. Long, 60, had been chairman of China's top copper producer for almost exactly three years.

Sep 10 - Prairie Mining takes Poland to arbitration court over coal mines
Australia's Prairie Mining has launched international arbitration proceedings against Poland arguing that Warsaw breached bilateral treaties by blocking Prairie's investment in two coal mines. Prairie Mining, which has been developing the Jan Karski and Debiensko mines in Poland, said last year that it had notified the Polish government about an investment dispute. 

Sep 10 - Thai central bank to allow gold trading in dollars soon
Thailand's central bank will allow gold trading in U.S. dollars soon but it will not be mandatory, an assistant governor said on Thursday, as it tries to curb the impact of the precious metal on a stubbornly strong baht currency. The revised rules should help reduce exchange rate volatility as domestic gold prices are linked to global gold prices, Vachira Arromdee told reporters.

Sep 09 - Higher copper likely if link with China credit reclaimed
Copper's sizzling rally triggered by historically low stocks and strong consumption in China has further to run if the link between Chinese demand and credit availability in the top consumer fully reasserts itself. Benchmark copper on the London Metal Exchange touched a 26-month high of $6,830 a tonne last week, a gain of more than 50% since March when economic activity around the world ground to a halt because of coronavirus lockdowns.

Sep 09 - Funds collide with fundamentals in red hot copper cauldron: Andy Home
This year's turnaround in copper's fortunes has been dramatic and the metal is glowing red hot, with China's physical purchases and futures buying by funds both fanning the flames. Positioning on the CME's copper contract is the most bullish since the second quarter of 2018, with money managers last week lifting their collective bets on higher prices. 

Sep 09 - Trafigura launches $500 mln funding platform for low-carbon aluminium
Commodities trader Trafigura said on Tuesday it has launched a financing platform of up to $500 million for low-carbon aluminium with lenders Natixis SA and Rabobank, riding on the trend towards sustainable metal production. Trafigura said in a statement that the platform will enable the trading house to access finances at a preferential interest rate and pay a premium to low-carbon aluminium producers.

Sep 09 - Move aside robots, Tesla bets on aluminium casting
Robots are not efficient enough for Tesla's new car factory in Germany, which plans to replace hundreds of them with giant aluminium casting machines to build simpler chassis parts, a person familiar with the matter told Reuters. The electric carmaker has struggled to raise production volumes through hi-tech automation and was forced to fly in a new production line from Germany to Nevada in 2018 after robots failed to coordinate seamlessly at the U.S. factory.

Sep 09 - Zimbabwe bans mining in wildlife parks
Zimbabwe's government has banned mining in game reserves following concerns from conservationists who accused two Chinese companies of exploring for coal in the biggest national park, Hwange. Hwange, in western Zimbabwe, is home to the country's biggest elephant herd - more than 40,000, large prides of lions as well as buffalo, among other game and birds that are popular with tourists.

Sep 09 - India's MCX exchange scales 12-year peak for silver delivery
India's largest commodity derivatives exchange, Multi-Commodity Exchange of India Ltd (MCX), said it registered a 12-year high in silver delivery on Tuesday. The exchange delivered a total of 139.96 tons (126,969.58 kg) of silver, of which 127.50 tons (115,666.05 kg) were via the 30 kg September contract - its highest level since December 2008 when deliveries hit 141.81 tons (128,647.87 kg).

Sep 08 - Platinum surplus vanishes as coronavirus hammers supply - WPIC
The World Platinum Investment Council (WPIC) on Tuesday changed its forecast for the platinum market in 2020 from a surplus to a deficit, saying that the coronavirus outbreak would hammer supply even harder than demand. The roughly 7.5 million-ounce market for the metal used in jewellery, vehicle exhausts and other industry will be undersupplied by 336,000 ounces – its second consecutive annual shortfall, the WPIC said in its latest quarterly report.

Sep 08 - China's sliding coal imports weakens one of the last bullish supports: Russell
Among China's generally strong imports of major commodities in August there was one standout area of weakness - the large drop in coal. China's coal imports fell to an eight-month low of 20.66 million tonnes in August, down 20.8% from July's 26.1 million and a massive 33% below the level recorded in August last year, according to customs data. 

Sep 08 - German steel industry needs state aid, alliances, IG Metall says
Germany's steel industry needs state aid and deeper alliances to manage the shift toward green fuels for blast furnaces, Joerg Hofmann, head of Germany's largest union, IG Metall, told Reuters. Steel companies including Thyssenkrupp and Salzgitter rely on coal for heating their blast furnaces but face pressure to shift toward renewable energy sources such as hydrogen as a way to cut their carbon emissions.

Sep 08 - Australia's New Century scraps acquisition of Vale's Pacific island projects
Australian zinc miner New Century Resources Ltd said on Tuesday it will not proceed with the acquisition of Vale Nouvelle-Caledonie's (VNC) nickel and cobalt mines on the Pacific island of New Caledonia, knocking its shares lower. New Century had been in talks with Vale Nouvelle-Caledonie S.A.S., the Canadian unit of Brazilian miner Vale, to buy the Goro Nickel & Cobalt Mine in New Caledonia, but said in a statement that a funding package and equity structure for VNC could not be generated. 

Sep 08 - GFG's aluminium business looks along supply chain for takeovers
Alvance, the aluminium business of British commodities tycoon Sanjeev Gupta, is on the lookout for takeovers to triple production and create a vertically-integrated group, its chief executive said on Monday. The privately-held group is seeking acquisitions that include green energy in order to meet its goal of becoming carbon neutral by 2030, CEO Arnaud de Weert told the online CRU World Aluminium conference.

Sep 07 - China's August copper imports slip from record high 
China's copper imports eased in August from the previous month's all-time high, customs data showed on Monday, as an arbitrage window to bring in overseas metal shut and demand from key consumption sectors slowed. Imports of unwrought copper and copper products into China totalled 668,486 tonnes last month, the General Administration of Customs said. That was down 12.3% from a record 762,210.9 tonnes in July, but still up by 66% from August 2019. 

Sep 07 - Workers at Chile's Codelco threaten action in job conditions row 
Workers at Chile's state-owned miner Codelco, the world's largest copper producer, said on Friday that they would take "action" against what they describe as threats to their jobs. Tensions with between unions and the Chilean company have risen over complaints about coronavirus prevention measures and the pricing of insurance. 

Sep 07 - China August iron ore imports down 10.9% from July on falling shipments 
China's iron ore imports in August fell 10.9% from a month earlier, easing from a record high in July on fewer shipments from big miners and port congestion, official customs data showed on Monday. The world's top iron ore consumer brought in 100.36 million tonnes of iron ore last month, according to data from the General Administration of Customs. That was down from 112.65 million tonnes in July and up 5.8% from the same period a year earlier. 

Sep 07 - Some Japan aluminium buyers agree Q4 premium at $88/T, up 11% on qtr - sources 
Some Japanese aluminium buyers have agreed to pay an $88 per tonne premium for October-December shipments, up 11% from this quarter, as industrial demand recovers from the COVID-19 pandemic, four sources directly involved in the pricing talks said on Friday. The figure is higher than the $79 per tonne premiums paid this quarter and marks a first quarterly increase in five.

Sep 07 - Europe joins the global scramble for critical minerals: Andy Home 
Europe has belatedly woken up to the fact it has a metals problem. The region's production capacity, particularly at the refining and processing stage of the supply chain, has been hollowed out by years of price attrition from lower-cost competitors, first and foremost China. 

Sep 07 - U.S. SEC to examine Rio Tinto whistleblower claims over Oyu Tolgoi - FT 
The U.S. Securities and Exchange Commission is examining claims from a whistleblower that Rio Tinto was aware of problems at its underground copper mine extension project of Oyu Tolgoi in Mongolia months before the miner confirmed the project would face delays and higher costs, the Financial Times reported on Sunday. The SEC is probing allegations made by Richard Bowley, a British national who worked for the company's copper business in Mongolia between 2017 and 2019, the newspaper said, citing people with knowledge of the situation.

Sep 07 - Freeport Indonesia expects sales jump after transition to underground mine 
PT Freeport Indonesia expects its annual copper and gold sales to jump next year as it transitions to operating in its underground mine, CEO Tony Wenas told a virtual conference on Friday. Freeport Indonesia expects this year's copper and gold sales to be lower than usual at 0.77 billion lbs and 0.82 million ounces respectively.

Sep 04 - BHP awards tender for LNG-fuelled bulk iron ore carriers
BHP Group said on Friday it has awarded a tender to charter five bulk iron ore carriers powered by liquefied natural gas (LNG), aiming to cut greenhouse gas emissions on voyages to biggest customer China by more than 30%. The contract for five LNG-fuelled Newcastlemax bulk carriers to carry ore between Western Australia and China was awarded to Singapore-based Eastern Pacific Shipping, and will run for five years from 2022, the global miner said.

Sep 04 - Brazil prosecutors ask court to remove Vale managers over safety concerns
Federal prosecutors in Brazil's Minas Gerais state are seeking a court order for miner Vale SA to replace executives they accuse of disregarding safety procedures following two deadly mining disasters. They have asked a court in Minas Gerais to name an interventor to take charge of Vale's safety program, according to a statement the prosecutors' office shared with Reuters.

 Sep 04 - Striving for green recovery, EU adds lithium to critical materials list
The European Commission added battery element lithium to its critical raw materials list on Thursday and set out a plan to guarantee their supply to support a green recovery. The European Union needs to diversify its sources of materials, ranging from silicon to rare earths, the Commission said, an issue highlighted after global supply chains were disrupted when the COVID-19 pandemic struck.

 Sep 04 - Eramet's SLN nickel unit asks court to name expert for rescue plan
Nickel miner SLN has asked a commercial court in New Caledonia to appoint an expert to help with discussions over a rescue plan, its parent company Eramet said on Thursday. SLN submitted on Wednesday a request to the court to name an expert under a temporary procedure, an Eramet spokeswoman said.

Sep 03 - Brazil prosecutors ask court to remove Vale managers over safety concerns
Federal prosecutors in Brazil's Minas Gerais state are seeking a court order for miner Vale SA to replace executives they accuse of disregarding safety methods in the aftermath of two deadly mining disasters. They have asked a court in Minas Gerais to name an interventor to take charge of Vale's safety program, according to a statement the prosecutors' office shared with Reuters. 

Sep 03 - China's aluminium import surge a sign of global disconnect: Andy Home
China imported more aluminium than it exported in July. This is a very rare phenomenon. China, after all, is the world's largest producer of the light metal, accounting for 57% of global output in the same month, according to the International Aluminium Institute. 

Sep 03 - South Africa's Impala Platinum annual earnings soar nearly 400%
South Africa's Impala Platinum Holdings Ltd (Implats) on Thursday reported a nearly 400% jump in annual earnings, boosted by higher metals prices and a weaker rand currency despite the impact of COVID-19. The platinum miner posted headline earnings per share (HEPS) for the year ended June of 20.75 rand ($1.23), or 391% higher compared with 4.23 rand a year earlier.

Sep 03 - Chile's state miner Codelco sees copper production drop in July, private mines up
Chile's state-owned copper miner Codelco saw a 4.4% drop in year-on-year production in July as the coronavirus hit its peak in the nation and forced the company to scale back staffing, slow projects and switch off a smelter. Codelco produced 133,300 tonnes of copper in July, up 2.3% over the first seven months of 2020 compared to the previous year, while production at Escondida mine owned by BHP rose 3.8% in July to 100,900 tonnes, and production from Collahuasi mine, majority owned by Anglo American and Glencore, rose 22.8% in July to 58,100 tonnes.

Sep 03 - Papua New Guinea entity seeks talks with Barrick over mine restart - report
Papua New Guinea's Kumul Minerals Holdings Ltd is open to talks with Canada's Barrick Gold and its joint venture partner to restart production at a highlands gold mine, the state-owned miner's chairman said, according to a report on Wednesday. The overture follows this week's dismissal by Papua New Guinea's National Court of Barrick's request for a review of the government's earlier refusal to extend Barrick's lease at the remote Porgera mine.

Sep 02 - Commodity trader Traxys to sell Wheaton's cobalt metal, rivalling majors – sources
Trading firm Traxys has won a tender to sell cobalt metal for Wheaton Precious Metals, two sources familiar with the matter said, in a deal that propels it into the big league to rival the likes of Glencore in the valuable commodity. Two years ago, Toronto-listed Wheaton agreed a deal that would give it access to substantial volumes of metal from January 2021 at a significant discount to the market price.

Sep 02 - India's August gold imports doubles y/y to hit 8-month peak- govt source
India's gold imports in August nearly doubled from a year ago to the highest level in eight months on an improvement in investment demand and as some jewellers restocked after New Delhi eased lockdowns, a government source said on Wednesday. The world's second-biggest consumer of the precious metal imported around 60 tonnes of gold in August, up from 32.1 tonnes a year ago, the source said. The source asked to remain anonymous since he is not authorised to speak to the media.

Sep 02 - BHP to tap green energy to mine coal in Australian state
Global miner BHP Group said on Tuesday it has signed an agreement to use more renewable energy at its coal mines in Australia's Queensland state which it expects will help it cut its indirect emissions such as those from fuel and power in the country by 20% in five years. The move comes as BHP prepares to update the market on its climate actions next week which will include targets to cut operational emissions by 2030, as part of its broader commitment to reach net zero emissions by 2050.  

Sep 02 - Fitch upgrades Brazil's miner Vale, estimates $2 billion in dividends
Fitch has upgraded the credit rating of Brazilian miner Vale S.A., saying the iron ore producer has lowered its chances of default after improving dam safety since a deadly disaster in 2019, the rating agency said in a note on Tuesday. The upgrade to "BBB" from "BBB-minus" applies to both foreign and local currency long-term issuer default ratings, Fitch said.

Sep 02 - Barrick to appeal lost challenge over PNG mining rights
Barrick Gold Corp has lost a court challenge in Papua New Guinea over rights to a highlands gold mine and intends to appeal to the country's Supreme Court, the miner said on Tuesday, prolonging a dispute that has halted output as gold prices soar. Papua New Guinea refused to extend Barrick's lease over the remote Porgera mine in April, and this week the National Court dismissed Barrick's request for a review of that decision.

Sep 02 - Peru copper mining almost 'completely recovered' from pandemic - official
Copper mining in Peru, the world's No. 2 producer, is almost completely recovered from the impacts of the coronavirus pandemic, a government official said on Tuesday. Peru's copper production, however, fell 2.2% in July, compared with the same period a year earlier, to 198,796 tons, under the weight of the pandemic, which restricted mining, the vice minister of energy and mines, Jaime Galvez, said in a virtual conference.

Sep 01 - Nippon Steel to seek M&As overseas, but not in Japan - president
Japan's top steelmaker Nippon Steel Corp is seeking overseas mergers and acquisitions (M&As) but not for further M&A deals at home, its president, Eiji Hashimoto, said on Tuesday. "We are not considering to proceed with any further M&As in Japan, but we want to seek M&As overseas," Hashimoto told a news conference, the key growth markets for Nippon Steel being India, the United States and ASEAN countries. 

Sep 01 - U.S. moves to curb steel imports from Mexico, Brazil
U.S. President Donald Trump's administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan. The U.S. Trade Representative's office said it was reducing Brazil's remaining 2020 quota for semi-finished steel imports into the United States to 60,000 metric tons from 350,000 tons "in light of recent deterioration in market conditions brought on by the COVID-19 pandemic affecting domestic steel producers."

Sep 01 - Buffett looks to Japan with $6-bln bet on five biggest trading firms
Berkshire Hathaway Inc has bought a 5% stake in each of Japan's five biggest trading houses, together worth over $6 billion, marking a departure for Chairman Warren Buffett as he looks beyond the United States to diversify his conglomerate. The long-term investment in Itochu Corp, Marubeni Corp, Mitsubishi Corp, Mitsui & Co Ltd and Sumitomo Corp could see the stakes rise to 9.9%, Berkshire said on Sunday, Buffett's 90th birthday.

Sep 01 - Chinese aluminium company Zhongwang scales back European operation
Aluminium products company China Zhongwang Holdings has scaled back its European sales operation in a move that two sources close to the matter said is a result of EU anti-dumping investigations and the coronavirus-induced economic downturn. Zhongwang, which has its European office in Frankfurt, is the world's second-biggest manufacturer of aluminium extrusions widely used in the transport, construction and electronics industries. 

Sep 01 - China copper firm Daye ups output target after loss, delays smelter launch
China Daye Non-ferrous Metals Mining Ltd, the Hubei-based copper producer hit hard by the coronavirus outbreak earlier this year, on Monday defiantly raised its annual production target after posting a first-half net loss. Daye, located near the virus epicentre of Wuhan, said it would ensure production of 510,000 tonnes of copper cathode this year, up from the 505,000 tonnes annual target set in March.

Sep 01 - Largest union at Colombia coal mine Cerrejon on strike
The largest workers union at the Colombian coal mine Cerrejon walked out on strike on Monday, the group said, after its members voted overwhelmingly to support the move following a collapse in contract negotiations. Some 99% of members of the Sintracarbon union who voted on possible strike action earlier this month backed the walkout over arbitration.

Sep 01 - Sweden's HYBRIT starts operations at pilot plant for fossil-free steel
Swedish green steel venture HYBRIT, owned by SSAB, state-owned utility Vattenfall and miner LKAB, on Monday started test operations at its pilot plant for fossil-free steel in Lulea, Sweden. A successful development of the HYBRIT project could have big implications for efforts to cut carbon dioxide emissions, with SSAB alone accounting for 10% of Sweden's total and 7% of Finland's.

Sep 01 - AngloGold Ashanti, Barrick Gold to sell 'Morila the gorilla' stakes
AngloGold Ashanti and Barrick Gold will sell their effective 80% stake in the Morila Gold Mine in Mali, the miners said on Monday, as political crisis grips the West African nation after soldiers seized power in a coup. Australian company Mali Lithium will buy the firm that holds the two miners' stakes in the mine - the other 20% of which is owned by the government of Mali - for a fee estimated at between $22 million and $27 million, Barrick Gold and AngloGold Ashanti said.

Aug 31 - Rio vows to preserve ancient Australian rock shelter after outcry over caves blast
Rio Tinto has pledged to protect a 43,000-year old rock shelter on the fringe of its Silvergrass iron ore mine in Western Australia as it reviews heritage sites following outrage over the destruction of sacred ancient caves this year. Rio Tinto, which has state government approval to damage the site, told the Wintawari Guruma people, its traditional owners, of its intention to preserve the rock shelter last week, although the Wintawari say they have yet to receive confirmation in writing.

Aug 31 - Defying trade tensions, Chinese buyers snap up Indian steel
India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi. Traders said reduced prices had driven the purchases as Indian sellers sought to get rid of a surplus generated by the impact of COVID-19 on domestic demand and generate much-needed income. 

Aug 31 - China's Tianqi Lithium posts $101 mln net loss in H1 as prices plunge
Tianqi Lithium Corp, one of the world's top lithium producers, on Sunday posted a hefty half-year loss as the coronavirus outbreak weighed on prices for the commodity used in electric-vehicle batteries. The Chinese firm, which is struggling to repay a $3.5 billion loan taken out to buy a stake in Chilean miner SQM in 2018, said in a filing to the Shenzhen Stock Exchange it made a 696.57 million yuan ($101.47 million) net loss in January-June.

Aug 31 - China's iron ore imports set for strong August, but where is all the steel going?: Russell
China is set to record another month of strong iron ore imports in August, helping to justify the ongoing resilience in the price of the main ingredient in steel. What's harder to quantify is exactly what's happening to all the steel being produced.

Aug 31 - China ministry says no environmental approval yet for copper ore blending plants
China's environment ministry said it has not approved any application to build copper concentrate blending facilities so far this year, as copper producers fretting over raw material supply seek permission to operate the controversial plants. Amid coronavirus-related mining curbs abroad, Chinese copper smelters including Jinchuan Group, Jiangxi Copper and Daye Nonferrous are pursuing blending projects, which mix "dirty" concentrate - containing high amounts of impurities - with clean material to ensure they have enough feedstock. 

Aug 31 - Brazil says is confident U.S. steel quota to be lifted in time
Brazil believes steel import quotas recently imposed upon the nation by the United States will be lifted as market conditions improve, the foreign ministry said in a statement on Saturday. Late on Friday, the White House announced that it was re-imposing import quotas on certain Brazilian steel products, as domestic producers deal with a slumping market.

Aug 31 - China Moly's H1 cobalt production down 24% year/year
China Molybdenum Co, one of the world's biggest cobalt producers, saw its output of the battery metal fall 24% year-on-year in the first half, according to Reuters calculations based on company filings. China Moly, which operates the Tenke Fungurume mine in the Democratic Republic of Congo (DRC), said in a statement on the Shanghai Stock Exchange it produced 6,543 tonnes of cobalt metal in January-June this year. 

Aug 31 - Barrick, Chinese firm to challenge PNG's 'purported grant' of mine lease
Barrick Gold and a Chinese partner on Friday said they would challenge Papua New Guinea's apparent move to grant a 20-year lease for the Porgera gold mine to a state-backed firm, the latest escalation in their dispute with the country. Barrick Niugini Ltd (BNL), the joint venture that operates Porgera, said in a statement that it would challenge the "purported grant" of the special mining lease by PNG Prime Minister James Marape to state-owned Kumul Minerals Holdings Ltd as "unlawful and invalid."

Aug 31 - Speculators cut bullish bets on COMEX gold - CFTC
Hedge funds and money managers reduced their bullish positions in COMEX gold and raised them in silver contracts in the week to Aug. 25, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped their net long positions in copper futures and options, the CFTC data showed.

Aug 31 - Jiangxi Copper second quarter profit rises but inventory, writedowns weigh
China's Jiangxi Copper Co reported a 5% rise in second-quarter profit as higher production and a rally in copper and gold prices cushioned the impact of the coronavirus and writedowns on inventory and assets. For the first half, net income fell 42.7% to 745.3 million yuan ($108.6 million), a filing to the Shanghai Stock Exchange showed.

Aug 28 - Freeport Indonesia workers end protest over COVID-19 lockdown
Workers at Indonesia's Grasberg gold and copper mine on Friday ended a protest demanding an easing of a coronavirus lockdown at the mine operated by a local unit of Freeport-McMoran Inc, a workers' representative and the company said. Mining operations were disrupted after protesters had blocked access to the world's second-largest copper mine since Monday, calling on the company to resume a bus service to allow them to travel to a nearby town, and for a bonus payment.

Aug 28 - Glencore puts entire stake in Mopani on the table in talks with Zambia - sources
Glencore will likely sell its entire 73.1% stake in Zambia's Mopani Copper Mines to the government's mining investment arm ZCCM-IH rather than becoming a minority stakeholder, two sources with direct knowledge told Reuters. Zambia and Swiss-based Glencore are at "cross purposes" over Mopani, Zambian Mines Minister Richard Musukwa had said on Tuesday when he announced ZCCM-IH aims to increase its shareholding in Mopani to 51% "or even more", from 10% currently.

Aug 28 - Iranian vessel loads with Venezuelan alumina, amid closer ties - sources
An Iranian-flagged vessel loaded a cargo of alumina in Venezuela this month after delivering supplies for an Iranian supermarket in the South American nation, three sources familiar with the shipment said, in the latest sign of closer ties between the U.S.-sanctioned nations. Reuters could not determine who the customer for the alumina cargo was, nor where it was destined. The Golsan, a general cargo ship with a capacity to carry 22,882 tonnes, is currently sailing east across the Atlantic Ocean, but still signals its destination as the La Guaira port in Venezuela, according to Refinitiv Eikon data.
Aug 28 - LME warehouse wars rumble on in the Malaysian jungle: Andy Home 
The London Metal Exchange (LME) last week approved the listing of two new storage units in Port Klang, confirming the Malyasian port's rapid emergence as a major LME warehousing hub. Port Klang held 1.01 million tonnes of registered metal at the end of July, 43% of the total inventory in the exchange's global delivery network.

Aug 28 - Operations at Indonesia's Weda Bay nickel smelter resume after flood 
Activities at Indonesia's Weda Bay smelter complex, one of the country's main nickel processing hubs, returned to normal on Thursday after being hit by floods a day earlier, its operator said. In a video released by the company, Bilal Zhau, a spokesman with operator PT Indonesia Weda Bay Industrial Park (IWIP), said water had receded in the industrial park area, allowing the nickel smelter to resume.

Aug 28 - Nippon Steel says iron ore prices likely to ease towards March
China's strong steel demand and global supply fears amid Sino-Australian tension are pushing iron ore prices higher and hurting steelmakers' profits, but the market is likely to drop off towards March next year, a Nippon Steel executive said. "The iron ore rally on the back of solid China demand is giving pains to steelmakers worldwide, except for Chinese mills, as the economy of the rest of the world is falling," Nippon Steel Executive Vice President Katsuhiro Miyamoto told Reuters in an interview on Wednesday.

Aug 28 - China Baosteel's H1 net profit tumbles, hurt by coronavirus, rising ore costs
Baoshan Iron & Steel Co Ltd, China's top listed steel producer, said on Thursday net profit slumped 36.87% in the first six months of 2020, pressured by the coronavirus pandemic and climbing raw material prices. However, the company, known as Baosteel, expects demand for cold-rolled steel products to support second-half performance.

Aug 28 - Miner Boliden to invest 40 mln euros in Harjavalta nickel expansion
Mining and smelting group Boliden will invest 40 million euros ($47.47 million), mainly in 2021, to expand nickel operations at its facility in Harjavalta, Finland, it said in a statement on Friday. The Swedish company said the expansion at Harjavalta, the largest nickel smelter in the European Union, included a new concentrate dryer and increased capacity in the electric smelting furnace.

Aug 28 - South Africa's Northam Platinum annual earnings more than double
South Africa's Northam Platinum on Friday posted a 150% rise in full-year earnings, fuelled by higher metals prices, increased sales revenue and a weaker rand currency. The miner reported normalised headline earnings per share (HEPS) of 676.3 cents ($0.39) for the full year ended June from 270.1 cents a year ago.

Aug 27 - Rusal plans to quit China aluminium JV, set up shop in Shanghai - sources
United Company Rusal has decided to pull out of an aluminium trading joint venture in southern China, partly due to concerns over the low volumes it has been selling, three sources with knowledge of the matter said. Separately, the Russian firm is setting up a new office in Shanghai to boost its marketing presence in China, the world's biggest aluminium market, a Rusal spokeswoman said.

Aug 27 - China extends application deadline for new scrap metal certification
China's non-ferrous metals recycling body has extended until the end of the year the deadline for companies to apply to become certified suppliers or importers of high-grade copper and aluminium scrap, it said on Wednesday. The world's biggest metals consumer is overhauling the system under which it imports scrap as it prepares to implement a wider ban on inbound waste shipments, which the metals industry had feared might cut supply of recyclable material.

Aug 27 - Brazil state seeks $4.8 bln Vale asset freeze over dam disaster
Authorities from Brazil's Minas Gerais state are seeking a freeze on nearly $5 billion in assets from miner Vale SA as a partial payment to cover economic and other damages from last year's deadly Brumadinho dam disaster. In a statement on Wednesday, state and federal prosecutors in Minas Gerais said they had sent a joint petition seeking a judge's order for Vale to freeze 26.7 billion reais ($4.78 billion) in assets for eventual restitution to the state.

Aug 27 - Electric cars to account for 79% of lithium demand by 2030 - Chile
The electric car industry will dominate demand for lithium over the next ten years, Chilean state mining agency Cochilco said on Wednesday, accounting for more than three quarters of the ultralight battery metal's consumption by 2030, up from one third in 2019. Cochilco said demand for lithium for electric vehicles had been muted this year because of the coronavirus pandemic, expected at around 75,000 tonnes, but would surge to 1.4 million tonnes by 2030.

Aug 27 - China's net gold imports via Hong Kong tick up in July
Net gold imports into China via Hong Kong crawled up for a second straight month in July but remained significantly lower than the same time last year, data showed on Wednesday, as pandemic-led curbs continued to sour demand. Net imports via Hong Kong to China, the world's top gold consumer, rose to 1.4 tonnes in July from the 0.87 tonnes in June, data from the Hong Kong Census and Statistics Department showed. Net imports were still more than 82% down on the same period in 2019.

Aug 27 - Chinese environment inspectors to audit Chinalco, other state entities and regions
China's environment ministry is sending inspection teams to Aluminum Corp of China (Chinalco), the National Energy Administration, as well as other state-run entities and three Chinese regions, in its latest round of environmental audits. A total of seven teams of central-government inspectors have been assembled and will carry out their audits on-site for around one month, the Ministry of Ecology and Environment said in a statement on its website on Thursday.

Aug 27 - Wage talks with Kumba Iron Ore hit deadlock, union says
South Africa's National Union of Mineworkers (NUM) on Wednesday said that wage negotiations with Kumba Iron Ore, owned by Anglo American, were deadlocked and the union had declared a dispute, a move that is one step short of a strike. NUM, the majority union at Kumba, said the company had agreed a wage increase of 8% for the lowest-paid workers and 6.5% for the highest-paid, but the two parties had disagreed over sick leave. 

Aug 27 - S.Africa approves AngloGold's Harmony sale but with conditions
South Africa's mines ministry has given the green light for the sale of AngloGold Ashanti's last remaining assets in the country to Harmony Gold on condition that it does not delist from the Johannesburg stock Exchange. Harmony agreed in February to buy rival AngloGold Ashanti's assets in South Africa, including Mponeng, the world's deepest gold mine, for about $300 million.

Aug 27 - ArcelorMittal South Africa declares force majeure after blast furnace breakdown
Steel producer ArcelorMittal South Africa has declared force majeure after a breakdown of a blast furnace at its Newcastle Works in KwaZulu-Natal province, it said on Wednesday. The clause of force majeure, loosely translated as superior force, allows certain terms of an otherwise legally binding agreement to be ignored due to unavoidable circumstances.

Aug 26 - Freeport Indonesia mine operations hit by protests over COVID-19 rules
Mining operations at Indonesia's Grasberg gold and copper mine have been disrupted as protests by workers over coronavirus restrictions extended into a third day at the mine operated by a unit of Freeport-McMoran Inc. Workers have been blocking access to the world's second-largest copper mine in the easternmost region of Papua since Monday, demanding to be allowed to return to their families who live in a different town for the first time since March and seeking a bonus for working amid a pandemic.

Aug 26 - Zinc price outperforms, China steel demand a strong tailwind
A tailwind for zinc demand from booming Chinese steel production has pushed prices of the galvanising metal to their highest in more than nine months and helped it outperform other metals. Yet data such as warehouse stock levels suggest further significant gains are unlikely.

Aug 26 - Zambia's ZCCM-IH seeks to take control of Glencore's Mopani Copper Mines 
Zambia's mining investment arm ZCCM-IH is seeking a controlling stake in Glencore subsidiary Mopani Copper Mines, Zambia's mines minister said on Tuesday, after a disagreement over Glencore's plan to halt production. ZCCM-IH currently holds a 10% stake in Mopani Copper Mines. Glencore is the majority owner with 73.1% and First Quantum Minerals owns 16.9%.

Aug 26 - Doubts grow Alaska's Pebble Mine can satisfy new regulatory hurdles, shares tumble
Northern Dynasty Minerals Ltd shares fell more than 30% on Tuesday on rising doubts the company can clear regulatory hurdles for its Pebble Mine project in Alaska, and prominent politicians said it would harm the state's salmon fishing industry. The U.S. Army Corps of Engineers on Monday gave Northern Dynasty 90 days to explain how it would offset "unavoidable adverse impacts" to more than 3,200 acres (1,295 hectares) of wetlands were the mine to be developed.

Aug 26 - Botswana govt says no guarantee on De Beers sales deal by end-2020
The Botswana government said there was no guarantee that it would be able to renew a new 10-year sales agreement with De Beers before the end of December, when the current one expires, as the coronavirus pandemic has delayed negotiations. "The ideal situation would be to end the talks by December but there are no guarantees that will happen," said Mmetla Masire, Permanent Secretary in the Ministry of Minerals told Reuters in an interview late on Monday.

Aug 26 - Mexico mining exploration investment seen at lowest in 14 years
Mexico's mining industry expects exploration investments this year to decline to their worst level in 14 years, even before taking the coronavirus pandemic into account, the country's top sector association said on Tuesday. The Mining Chamber of Mexico (Camimex) said spending was expected to fall to $399 million this year due to a drop in investor confidence. The figure would be a 25.6% drop compared with last year and mark the lowest investment since 2006.
Aug 26 - China's Ganfeng sees first-half profit halve amid lithium price slump
Ganfeng Lithium, one of the world's top lithium producers, said on Tuesday its net profit almost halved in the first six months of 2020 as prices for the commodity used in electric vehicle batteries continued to slump. The Chinese company's net income reached 156.49 million yuan ($22.6 million) in January through June, down 47.1% from the same period a year earlier, it said in a filing to the Shenzhen Stock Exchange, adding that the coronavirus had affected its performance and the whole lithium industry.

Aug 26 - Brazilian steelmaker CSN hires banks for IPO of mining unit -report
Brazilian steelmaker Companhia Siderurgica Nacional has hired banks to manage the initial public offering of its mining unit, CSN Mineracao, newspaper Valor Economico reported on Tuesday. Bank of America, XP Inc, Banco BTG Pactual SA and Morgan Stanley will manage an offering that may raise 10 billion reais ($1.81 billion), the report said, citing anonymous sources

Aug 25 - Protest at Freeport's Grasberg mine in Indonesia extends to second day
Workers at Indonesia's Grasberg gold and copper mine operated by the local unit of Freeport-McMoRan Inc extended a protest into a second day on Tuesday as they demanded an easing of a coronavirus lockdown. More than 1,000 mine workers had joined the second day of protests and blocked access to the world's second-largest copper mine in the easternmost region of Papua, Yonpis Tabuni, a workers' representative said.

Aug 25 - Rio Tinto's weak response to cave blasts will trigger stronger reaction: Russell
Rio Tinto may have inadvertently triggered the law of unintended consequences with its blasting of an Aboriginal heritage site at one of its Australian iron ore mines, and the subsequent slap on the wrists for some senior executives. The board of Rio cut the bonuses of three senior executives including Chief Executive Jean-Sébastien Jacques as part of the company's review into the destruction of two historically significant caves in Western Australia state, against the wishes of the Aboriginal traditional owners.

Aug 25 - Miner Vale starts up iron ore grinding hub in China's Zhoushan
Brazilian mining giant Vale SA said on Tuesday it has started producing high-grade iron ore fines for pelletizing at its new grinding hub with China's Ningbo Zhoushan Port Group (NZP Group) in eastern Zhejiang province. The hub, located in the Shulanghu Ore Transfer Terminal in Zhoushan city, has three production lines and an annual capacity of three million tonnes of ground iron ore fines, Vale said in a statement. 

Aug 25 - Funds lift bullish bets on a tightening copper market: Andy Home
Copper's increasingly bullish optics are attracting the attention of fund managers. Speculative positioning on the CME's HG copper contract is at a two-year high. Copper has already staged a super-charged rally off its COVID-19 first-quarter lows and CME copper is currently challenging the $3.00 per lb ($6,614 per tonne) level.

Aug 25 - Copper market in 60,000 tonnes deficit in May 2020 - ICSG
The global world refined copper market showed a 60,000 tonnes deficit in May, compared with a 96,000 tonnes deficit in April, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 5 months of the year, the market was in a 1,000 tonnes surplus compared with a 270,000 tonnes deficit in the same period a year earlier, the ICSG said.

Aug 25 - Alaska's Pebble Mine told to offset damage as Republican opposition grows
The U.S. government placed an additional hurdle in front of Alaska's Pebble Mine project on Monday, giving developers 90 days to explain how they would offset damage to wetlands and popular fishing sites amid rising opposition to the project by prominent Republicans. The stipulation, in a letter from the U.S. Army Corps of Engineers to Vancouver-based Northern Dynasty Minerals Ltd, could delay final permit approval for the mine. The company described the request as routine.

Aug 25 - Canada's Midland in nickel exploration funding deal with BHP
Midland Exploration Inc said on Monday it had struck a funding deal with a subsidiary of BHP Group Plc for nickel exploration in the Canadian province of Quebec. The company's partnership with Rio Algom Ltd to explore nickel in Nunavik comes as demand for the metal surges from use in automotive batteries to power electric cars.

Aug 25 - Bolivia's largest mine suspends operations again due to pandemic
Bolivia's San Cristóbal mine, a huge deposit of zinc, lead and silver, has suspended operations for a second time due to the coronavirus outbreak, it said on Monday, as COVID-19 infections continued to spread in the landlocked South American nation. The company, a wholly owned subsidiary of Japan's Sumitomo Corp, had previously suspended operations in March, before resuming production in May.

Aug 24 - Rio Tinto stops short of axing leaders over sacred caves blast
Rio Tinto said on Monday it will cut the short-term bonuses of some senior executives but stopped short of leadership overhaul following review of the company's destruction of two ancient caves in Australia. Chief Executive Jean-Sébastien Jacques and two other leaders will take financial penalties after the world's biggest iron ore miner legally destroyed two historically significant sacred caves in Western Australia state - against the wishes of Aboriginal traditional owners - as part of a mine expansion.

Aug 24 - China turns net aluminium importer in July for 1st time since 2009
China's July aluminium imports leapt nearly sevenfold year-on-year to their second-highest level on record, customs data showed, as a rare price phenomenon saw the world's top exporter of the metal turn net importer for the first time since 2009. Arrivals of unwrought aluminium and aluminium products into China came to 391,297 tonnes last month, the General Administration of Customs said on Sunday.

Aug 24 - Australia's Fortescue posts record profit as chairman gains $800 mln
Fortescue Metals Group reported on Monday record profit for the full year ending in June and quadrupled its final dividend following record iron ore shipments and a surge in ore prices in 2020. The surging prices and shipments fuelled a 70% surge in Fortescue's shares this year. The increased dividend payout should mean a windfall of more than A$1 billion ($803.26 million) for the company's biggest shareholder, Chairman Andrew Forrest.

Aug 24 - Congo grants new export ban waivers for copper, cobalt, tin 
Democratic Republic of Congo on Saturday gave mining companies an indefinite waiver to an export ban on cobalt hydroxide and carbonate, as well as tin, tungsten, and tantalum concentrates after meeting the country's biggest miners in Kinshasa. The mines ministry also announced an export ban waiver on copper concentrate, but said the duration of that waiver was still to be determined, with companies expected to submit proposals a week from now.

Aug 24 - Indonesia's biggest nickel smelter says output not disrupted by worker protest
Operations at Indonesia's largest nickel smelting facility were not disrupted by worker protests outside the plant on Saturday over shifts during the coronavirus pandemic, a spokesman for PT Indonesia Morowali Industrial Park (IMIP) said on Monday. "Factories' operations continued running," spokesman Dedy Kurniawan, told Reuters, saying the situation has returned to normal since the protest. The IMIP compound has capacity for at least 30 nickel processing lines.

Aug 24 - Northern Dynasty's U.S. unit denies report Alaska mine project to be blocked
The U.S. unit of diversified Canadian miner Northern Dynasty Minerals Ltd on Saturday denied a media report that said the administration of U.S. President Donald Trump plans to block its proposed Pebble Mine in Alaska early next week. Politico reported earlier on Saturday that Trump was planning to block the proposed Pebble Mine, which environmentalists argue would damage the surrounding salmon-rich habitat, and the people and wildlife that depend on it.

Aug 24 - Speculators raise bullish bets on COMEX gold, silver - CFTC
Hedge funds and money managers upped their bullish positions in COMEX gold and silver contracts in the week to Aug. 18, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also increased their net long positions in copper futures and options, the CFTC data showed.

Aug 24 - Thyssenkrupp steel unit aims for return to profit in fiscal year 2021/22 - WAZ
Thyssenkrupp's steel division aims to return to profit in the 2021/22 fiscal year, encouraged by a recent slight recovery after a slump due to the coronavirus pandemic, the head of the division told a newspaper. Unit head Bernhard Osburg, however, told WAZ daily that to achieve that return to profitability in the fiscal year beginning on Oct. 1, 2021, the business had its work cut out.

Aug 24 - Brazil seizes 70,000 tonnes of illegally mined manganese
Brazil has seized 70,000 tonnes of illegally mined manganese that four companies were preparing to ship to China from a northern port and confiscated the ore valued at 60 million reais ($10 million), the country's mining regulator said. The National Mining Agency (ANM) said the seizure took place on Friday at Porto de Vila do Conde close to the city of Belem in northern Pará state.

Aug 21 - Chile lithium producer SQM posts record sales, profits plagued by low prices 
Chilean miner SQM achieved record second-quarter sales of lithium even as low prices ravaged profits, the world's No. 2 producer of the metal used in electric car batteries said on Wednesday. SQM said it sold more than 12,600 tonnes of lithium in April through June, up 45% from the first three months of the year. 

Aug 21 - Speculators keep iron ore price sizzling, divorced from fundamentals 
Iron ore prices may extend their steep gains in coming weeks, buoyed by speculators and supply chain disruptions, but rising supplies are set to eventually undermine the rally. Iron ore is one of the top performing assets this year, with futures on China's Dalian Commodity Exchange surging by more than 30%, fuelled by the country's economic recovery from coronavirus turmoil. The spot price of benchmark 62% iron ore hit a 13-month high of $126.50 a tonne this week. 

Aug 21 - China Baowu Steel to take control of stainless steelmaker TISCO 
China Baowu Steel Group, the country's top steelmaker, has agreed to take a controlling stake in stainless steel giant Taiyuan Iron & Steel (Group) Co Ltd, also known as TISCO, in a move to further consolidate the country's mammoth steel sector. Baowu Group reached an agreement with Shanxi State-owned Capital Operation Co Ltd on Friday to take a 51% stake in TISCO, according to a filing on the Shenzhen Stock Exchange by Shanxi Taigang Stainless Steel, a TISCO subsidiary. 

Aug 21 - Metal markets caught out by strength of Chinese stimulus: Home 
London copper hit a two-year high of $6,707 per tonne on Wednesday, extending its super-charged rally from the March lows of $4,371. Where copper leads, the rest of the London Metal Exchange (LME) base metals tend to follow. 

Aug 21 - Japan July crude steel output falls 27.9 pct yr/yr 
Japan's crude steel output fell 27.9 percent in July from a year earlier to 6.05 million tonnes, the Japan Iron and Steel Federation said. Output, which is not seasonally-adjusted, increased 7.7 percent from June.

Aug 21 - Global zinc market surplus narrows in June to 2,000 tonnes 
The global zinc market surplus narrowed to 2,000 tonnes in June from 19,000 tonnes in May, data from the International Lead and Zinc Study Group (ILZSG) showed on Monday. During the first six months of the year, the global surplus was 205,000 tonnes compared to a deficit of 87,000 tonnes in the same period last year.

Aug 21 - Global lead market surplus narrows in June to 16,300 T – ILZSG 
A surplus in the global lead market fell to 16,300 tonnes in June from 45,300 tonnes in May, data from the International Lead and Zinc Study Group (ILZSG) showed on Thursday. In the first six months of the year, the lead market recorded a surplus of 78,000 tonnes, compared to a deficit of 13,000 tonnes in the same period of 2019, the ILZSG found.

Aug 21 - Miner B2Gold says Mali border shutdown to be short-lived after coup 
Miner B2Gold Corp expects the shutdown of land and air borders in Mali to last "days or weeks, not months," its chief executive said on Thursday, after Tuesday's overthrow of President Ibrahim Boubacar Keita. "The intention is to re-open as soon as possible," B2Gold CEO Clive Johnson told Reuters, citing discussions with government officials. 

Aug 21 - India's silver imports could tumble as scrap supplies surge, importers say 
India's silver imports are likely to fall by more than 40 percent from a year ago to the lowest level in eight years, with investors booking profit by selling stocks after local prices rallied to a record high this month, leading importers said. Lower imports by the world's biggest silver consumer could weigh on global prices that have risen more than 50% so far in 2020.

Aug 21 - Canada's Iamgold says sale process delayed for Mali mine amid unrest 
Canada's Iamgold Corp has delayed the sale process for its Sadiola gold mine in Mali because of political instability in the country, a spokeswoman said on Thursday. Iamgold said in December it had reached a deal to sell its 41% interest in the mine, a joint venture with AngloGold Ashanti Ltd, to Allied Gold Corp.

Aug 21 - Colombian coal mine Cerrejon's largest union votes to strike 
The largest workers union at Colombian coal mine Cerrejon said on Thursday its members voted overwhelmingly in support of strike action after contract negotiations between the two parties collapsed. Some 99% of votes were cast in favor of strike action, the Sintracarbon union said, after extended talks over contract negotiations ended without agreement almost two weeks ago.

Aug 21 - Poland's KGHM says Chile's Sierra Gorda mine may not need support from next year 
Polish copper producer KGHM's Sierra Gorda mine in Chile is likely to no longer need financial support from next year, it said on Thursday as the mine posted a 150% leap in second-quarter core profit despite risks related to coronavirus. KGHM owns a 55% stake in Chile's Sierra Gorda copper-molybdenum mine in the Atacama Desert that produces around 110,000 tonnes of ore per day.

Aug 20 - Australia's South32 profit plunges, defers share buyback decision 
Australian miner South32 Ltd on Thursday reported an 80.5% slump in full-year underlying profit on low prices for its key commodities and delayed a share buyback decision given uncertainty in global growth due to the COVID-19 pandemic. Prices of South32's top three commodities - metallurgical coal, aluminium and manganese - slumped in 2019 amid a trade dispute between China and the United States and remained weak as the pandemic disrupted businesses and hit production this year.

Aug 20 - BHP and Rio show the swings and arrows of China commodity exposure: Russell 
It may be a bit of an oversimplification, but in the current situation of the global coronavirus pandemic the world of commodities is effectively split between China and the rest. Nowhere is this more clearly illustrated than in the results of top global miners BHP Group and Rio Tinto.

Aug 20 - Mali's gold miners carry on digging despite coup, shares hit 
Companies mining gold in Mali said they were operating as usual while monitoring a political crisis that caused the country's borders to shut and hit their share prices on Wednesday. President Ibrahim Boubacar Keita resigned on Tuesday and dissolved parliament hours after soldiers detained him at gunpoint and seized power in a coup.

Aug 20 - Antofagasta earnings slump on weak copper prices, keeps dividend 
Antofagasta posted a 22.4% plunge in first-half core earnings on Thursday on lower copper sales and metal prices due to the COVID-19 crisis, although the Chilean miner said it would pay an interim dividend in line with its existing payout policy. The pandemic has hampered mining activity across the globe, with Antofagasta suspending the expansion of its flagship Los Pelabres mine in April for about four months, and operating with two-thirds of its workforce at all its mines.

Aug 20 - South Africa's Gold Fields profit soars on surge in bullion prices 
South African miner Gold Fields reported a four-fold jump in half-year earnings on Thursday, benefiting from a surge in the price of the precious metal and lower-than-expected COVID-19 impact on its output. Headline earnings per share, the main profit measure in South Africa, for the six months ended June 30, rose to $0.20, from $0.05 a year earlier.

Aug 20 - Scotiabank to pay over $127 mln for precious metals price manipulation 
Bank of Nova Scotia has agreed to pay more than $127 million to resolve a series of U.S. regulatory charges, including over an alleged price manipulation scheme involving unlawful trading of precious metals futures contracts, the bank said on Wednesday. The settlements include a deferred prosecution agreement to resolve criminal charges of wire fraud and attempted price manipulation, and will require Scotiabank to retain an independent compliance monitor for three years.

Aug 20 - China's Antaike advises govt to stockpile cobalt but buying plans unclear 
Chinese state-backed metal research house Antaike said on Thursday it had advised Beijing to stockpile cobalt - a key ingredient in batteries for electric vehicles - but the timing of any state plans to purchase the metal was uncertain. Citing people familiar with the matter, Bloomberg News reported on Wednesday that China's National Food and Strategic Reserves Administration had drawn up plans to stockpile 2,000 tonnes of cobalt amid supply disruption in the Democratic Republic of Congo.

Aug 20 - China rare earths firm Shenghe hit by 'once-in-a-century' flooding 
Chinese rare earths producer Shenghe Resources Holding Co is set to lose tens of millions of dollars after reporting that "once-in-a-century" flooding in southwest Sichuan province had shut down plants and damaged inventory. Floods on China's Yangtze river, which passes through Sichuan, forced authorities to evacuate more than 100,000 people on Tuesday.

Aug 20 - MMG's half-year loss doubles as COVID-19 hits commodity prices 
Australia-based copper miner MMG Ltd said on Wednesday its half-yearly loss nearly doubled as the COVID-19 outbreak hit commodity prices and sales, but said economic recovery in China should lead to a stronger second half. The Hong Kong-listed company posted a half-yearly loss attributable to shareholders of $158 million, compared to an $81 million loss reported last year.

Aug 19 - Gold miners eye London, New York listings as Toronto loses shine 
Gold miners in Canada keen to tap new investors are eyeing secondary listings in London and New York, underscoring pent-up demand for the precious metal from generalist funds. Gold prices have soared 32% this year as central banks dial up stimulus measures in response to the COVID-19 pandemic. 

Aug 19 - Global copper smelting activity slides in July - satellite data 
Global copper smelting activity tumbled to the lowest levels in over two years in July, data from satellite surveillance of copper plants showed. The weak showing appeared to be partly due to increased maintenance work at smelters, a joint statement from satellite service SAVANT and broker Marex Spectron said on Tuesday.

Aug 19 - Reprieve for molybdenum prices from China's import surge 
An upsurge in Chinese demand and imports of minor metal molybdenum have revitalised prices of the stainless steel ingredient, but a reversal is expected as local production ramps up after disruptions. Molybdenum oxide prices are up nearly 10% to around $7.8 a lb since July's 3-1/2 year low at $7.1 a lb.

Aug 19 - New contracts, new platform as LME joins green revolution: Home 
The green revolution has rolled up to the doors of the London Metal Exchange (LME). The venerable 143-year old market for industrial metals may often seem a throwback with its red-leather-seated open outcry "ring" and arcane trading structure, but the LME is planning to lead the metallic drive towards a cleaner future.  

Aug 19 - China July refined copper output slips to lowest since March 
China's refined copper output in July fell from the previous month, official data showed on Tuesday, as smelters carried out summer maintenance and supply of copper concentrate remained tight owing to coronavirus-related mining curbs. Production of refined copper stood at 814,000 tonnes, the National Bureau of Statistics said. 

Aug 19 - Rio Tinto cuts 2020 refined copper outlook on smelter restart delay in Utah mine 
Rio Tinto on Wednesday cut its refined copper outlook for fiscal 2020, citing a delay in restarting a smelter at its mine in the U.S. state of Utah. The Anglo-Australian miner said the delays in restarting the smelter at its Kennecott mine were due to planned maintenance and expected it to be running in two months.

Aug 19 - China issues import quotas for another 14,530 T of copper scrap 
China has granted import quotas for another 14,530 tonnes of copper scrap and 2,610 tonnes of aluminium scrap for 2020, a notice on Tuesday from the China Solid Waste and Chemicals Management Center showed. The quotas are being closely watched as concerns mount that China, the world's biggest metals consumer, could leave itself short of scrap as it aims to cut imports of solid waste to zero by end-2020.

Aug 19 - Plaintiffs in Sierra Leone diamond mine lawsuit request freeze of Steinmetz subsidiary's assets 
Sierra Leoneans seeking damages for alleged environmental degradation around a diamond mine have applied for a freezing order on the assets of Octea, a subsidiary of Israeli billionaire Beny Steinmetz's BSG Resources (BSGR). In an affidavit to the high court of Sierra Leone, seen by Reuters, the lawyer for the plaintiffs said there was a "clear and present risk" the defendants could expatriate funds in order to avoid having to pay out if the court rules against them.

Aug 19 - Russia's En+ Group does not plan to pay dividends in 2020 - chairman 
Russian aluminium and hydropower group EN+ does not expect to pay dividends during this calendar year due to uncertain global economic conditions, board chairman Greg Barker said on a call on Tuesday. Describing the board's approach as "cautious", Barker said it was too early to say whether a dividend will be paid next year on the back of the group's 2020 financial results.

Aug 19 - China's Shanghai exchange approves steel companies to serve as factory warehouses 
China's Shanghai Futures Exchange on Tuesday approved three steel companies as the exchange's first batch of designated factory warehouses for steel rebar futures delivery, in an effort to reduce logistics costs and further meet buyers' demand. Angang Steel Co., Jiangsu Shagang Group Co. and Jingye Iron and Steel Co., which are located in the northeast, north and east of China - the country's main steel production and consumption areas - were selected as factory warehouses, the exchange said in a statement.

Aug 18 - BHP falls short of expected profit, warns of slowing growth outside China 
BHP Group on Tuesday said it expects most major world economies except China to bear the brunt of a coronavirus-led downturn this year, reporting a 4% drop in annual profit that missed analysts' estimates. While miners have seen green shoots emerge from an economic pickup in the world's top metals user, as well as a boost in infrastructure spending, the risk of new virus outbreaks around the world threatens to undermine growth, BHP said.

Aug 18 - Japan metals manufacturers see pick-up in demand from automakers after Q1 plunge 
Japanese manufacturers of metals, including steel and aluminium, saw their output plunge in the April-June quarter as automakers temporarily shut factories to curb the spread of the COVID-19 virus and to match slumping demand. They expect a gradual pick-up in metals used in automobiles and other industries toward next March, but not enough to bring demand back to pre-pandemic levels, suggesting a smaller annual import of raw materials such as iron ore, coking coal and primary aluminium ingots. 

Aug 18 - Indian court refuses to allow reopening of Vedanta's copper smelter 
An Indian court refused to allow the reopening of a south Indian copper smelter, local media reported on Tuesday, over two years after it was shut over pollution concerns. Police in May 2018 killed 13 people protesting against alleged pollution from the smelter. A week after the bloodshed, the Tamil Nadu state government ordered the smelter shut.

Aug 18 - Asia Copper Week gathering in Shanghai cancelled - organiser 
The Asia Copper Week gathering of miners, traders and smelters of the metal in Shanghai in November has been cancelled this year, its Chilean organiser said, joining a long list of events to fall victim to the coronavirus outbreak. Chile's Center for Copper and Mining Studies, known as Cesco, said all Asia Copper Week events, including its annual gala dinner, had been cancelled, although the CEO summit will take place in a digital format.

Aug 17 - Commodity traders face rising finance costs as big banks pull out 
Commodity trade financing by the world's banks is drying up at a rate not seen in more than 20 years, leaving small and medium sized firms most exposed, banking and trading sources said. Banks are retrenching after the coronavirus crisis led to defaults by some trading houses, intermediaries in the global movement of oil, metals and agricultural goods which link producers and end-users, and also exposed a series of frauds.

Aug 17 - Indigenous groups in Chile's Atacama push to shut down top lithium miner SQM 
Indigenous groups in Chile´s lithium-rich Atacama salt flat, fresh off a resounding legal victory earlier in the week, said on Friday they will push to see top lithium miner SQM´s environmental permits revoked and its operations shut down. The Atacama Indigenous Council (CPA) in 2019 filed a lawsuit demanding regulators scrap a $25 million remediation plan developed by SQM after officials charged the miner with over- pumping lithium-rich brine from the salt flat.

Aug 17 - Tasmanian manganese smelter sale points to greener future for metals: Russell 
The sale of a manganese smelter in Tasmania isn't something that would normally gather too much attention in the wider world of global commodities, but it may be a harbinger of a wider move to more environmentally friendly steel and other metals. Diversified miner South32 said on Aug. 13 that it had reached a deal to sell its Tasmanian Electro Metallurgical Co (TEMCO) unit to UK-based privately-held GFG Alliance. 

Aug 17 - Tianqi Lithium president leaves embattled Chinese firm 
China's Tianqi Lithium Corp said its president Vivian Wu has left the company, as the indebted producer of a key commodity for electric-vehicle batteries looks for a way out of a perilous financial situation. Wu, who had been with the Chengdu-based firm since 2011, submitted a written resignation to Tianqi's board of directors on Wednesday, saying she was stepping down as president and director for personal reasons, according to a filing to the Shenzhen Stock Exchange dated Friday.

Aug 17 - Australia's Lynas posts annual loss, to raise capital to build local facility 
Australian rare earths producer Lynas Corp Ltd posted a smaller-than-expected annual loss on Monday and outlined plans to raise A$425 million ($304.94 million) to fund construction of an ore processing plant in Australia. Lynas expects to process low-level radioactive material from its Mt Weld mine at the new cracking and leaching plant in Kalgoorlie in Western Australia, shifting part of its operations off its Malaysian plant where it has faced stiff opposition due to environmental concerns.

Aug 17 - Politics trumps aluminium as U.S. reimposes Canadian tariffs: Home 
The United States will reinstate tariffs on imports of Canadian primary aluminium this weekend. This is not unexpected despite a ferocious rearguard lobbying campaign by a broad spectrum of U.S. consumers.  Aluminium has been a pillar of the Trump Administration's "America First" trade agenda from the start. Along with steel it was early designated a sector critical for national security, leading to the imposition of 10% tariffs on imports in 2018. Unfortunately, the pillar is wobbling. 

Aug 17 - Germany blocked Chinese metals takeover on military concerns - sources 
The German government rejected a bid by China's Vital Materials Co to buy PPM Pure Metals last month due to concerns about the target company's sales to the German military, two sources with knowledge of the matter said. PPM, which was part of Paris-listed Recylex SA and made high-purity minor metals such as antimony, used in semiconductors and germanium used in infrared detectors, stopped production at the end of July because of financial problems.

Aug 17 - China's Dalian exchange adds new deliverable brands for iron ore from Australia 
China's Dalian Commodity Exchange (DCE) said on Friday it has included Yandi Fines and Karara Concentrate as new deliverable brands for its benchmark iron ore futures in an effort to enhance stable market operations. Yandi Fines, with around 58% iron content produced by Australian miner BHP Group Ltd, and Karara Concentrate, with around 65% iron content jointly invested by China's Ansteel Group and Gindalbie Metals Ltd in Australia, will be introduced as new brands to the September 2020 futures contract and subsequent contracts, the DCE said in a statement. 

Aug 17 - China's CATL is developing new EV battery with no nickel, cobalt, exec says 
China's Contemporary Amperex Technology Co Ltd (CATL), a Tesla supplier, is developing a new type of electric vehicle (EV) battery that contains no nickel or cobalt, a company executive said on Saturday. Nickel and cobalt are key ingredients in the batteries that power EVs. Battery makers from Japan's Panasonic Corp to South Korea's LG Chem are lowering the use of expensive cobalt in their nickel-cobalt-aluminium (NCA) batteries or nickel-cobalt-manganese (NCM) batteries.

Aug 17 - Speculators cut bullish bets on COMEX gold, silver - CFTC 
Hedge funds and money managers reduced their bullish positions in COMEX gold and silver contracts in the week to August 11, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also decreased their net long position in copper futures and options, the CFTC data showed.

Aug 14 - China July aluminium output hits record amid stellar price rally
China's monthly aluminium output rose to a record high in July, official data showed on Friday, as the longest rally in domestic prices in more than a decade prompted smelters to restart production and launch new capacity. The world's top producer of the metal churned out 3.10 million tonnes of primary aluminium last month, up 3.1% from a year earlier, the National Bureau of Statistics said.
Aug 14 - China produces record crude steel in July on strong demand
China produced a record amount of crude steel in July as the government boosted infrastructure spending, while the manufacturing sector rebounded as the world's second-largest economy reopened after lockdown restrictions. The world's largest steel producer churned out 93.36 million tonnes of crude steel last month, 1.9% higher than the output seen in June and up 9.1% from July 2019, according to data from the National Bureau of Statistics (NBS).

Aug 14 - BHP to steer mining lobby groups' climate change policies
BHP Group said on Friday it will closely monitor the work of industry associations to ensure they match its climate position on keeping the world's warming to well less than 2 degrees Celsius. The world's largest listed miner has faced increasing pressure from investors worried that some mineral lobby groups, particularly in Australia, are promoting coal use in contravention of the goals of the Paris climate pact, and have urged BHP to stop funding them.

Aug 14 - Gold rush at Turkish bazaar a test of trust for lowly lira
Hasan Ayhan followed his wife's instructions last week and took their savings to buy gold at Istanbul's Grand Bazaar as Turks scooped up bullion worth $7 billion in a just a fortnight. With memories of a currency crisis which rocked Turkey's economy only two years ago fresh in his mind, the retired police officer was among those playing it safe as he queued in the city's sprawling covered market, where a screen showed the gold price rise by one Turkish lira ($0.1366) in just 10 minutes.

Aug 14 - London Metal Exchange plans low carbon aluminium platform
The London Metal Exchange on Thursday outlined plans to support sustainable metal production with a spot trading platform for low carbon aluminium and a register where producers can voluntarily log their metal's carbon-related details. The exchange will eventually look at other metals, but will start with aluminium because power is major component - sometimes up to 40% - in the smelting process.

Aug 14 - Russia's Rusal posts H1 net loss, sees weak aluminium prices in 2020
Russian aluminium giant Rusal said on Thursday its recurring net loss totalled $76 million in the first half of 2020 after a profit of $666 million a year ago as the novel coronavirus outbreak hit demand. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, said that it expected global aluminium prices to continue to remain at depressed levels in 2020.

Aug 14 - Codelco CEO sees copper price steady at $2.80/lb thru 2020
Codelco Chief Executive Officer Octavio Araneda said on Thursday he expects the copper price to hold at around $2.80 per pound through 2020. Araneda, who has led Codelco through the coronavirus crisis in Chile, told reporters on a tour of the El Teniente mine that uncertainty still reigned.

Aug 14 - EU Commission opens anti-dumping probe into Chinese aluminium products
The European Commission on Friday began an investigation into whether China is dumping flat-rolled aluminium products in the 27-country European Union following a complaint. "The investigation will determine whether the product under investigation originating in the country concerned is being dumped and whether the dumped imports have caused injury to the Union industry," the EU executive said in its Official Journal.

Aug 14 - Bridgewater hedge fund boosts gold ETF investment to over $1 billion
Hedge fund Bridgewater Associates raised its investment in gold-backed exchange-traded funds by a third in the second quarter, buying the equivalent of 170,000 ounces of gold worth $340 million at current prices, a regulatory filing showed. The move is part of a wider rush among investors to buy gold, which they hope will hold its value as the coronavirus crisis upends markets and pushes down returns on bonds. 

Aug 14 - Australia's Newcrest misses forecasts, lower FY 21 gold output seen
Gold miner Newcrest Mining Ltd on Friday forecast lower output in fiscal 2021 due to issues in Papua New Guinea, as it posted a smaller-than-expected increase in annual profit. The country's biggest gold producer forecast gold output to be between 1.95 million ounces and 2.15 million ounces next year, down from the 2.2 million ounces produced in 2020.

Aug 14 - Miner Sibanye-Stillwater sees profit in first-half on higher gold prices
Miner Sibanye-Stillwater said on Friday it expects to swing to a profit in the first half of 2020 on higher gold prices and a strong dollar as well as lower impact to its operations from the coronavirus downturn. The precious metals company, which is also "positive" for the second half, said headline earnings per share (HEPS) for the six months to June is expected to be 350 cents compared with loss per share of 54 cents a year earlier when it was hit by strikes.

Aug 14 - Australia's Metro Mining to shut flagship mine early as virus chokes sales
Metro Mining Ltd said on Friday it would bring forward a planned wet-season shutdown of its flagship bauxite mine, as the COVID-19 crisis hit aluminium prices and made it difficult for the bauxite and thermal coal miner to secure sales. The Bauxite Hills Mine in Queensland is expected to cease shipping ore earlier than usual in mid-September and restart next April, the company said in a statement.

Aug 13 - Thyssenkrupp faces pressure to fix steel unit as losses mount 
Struggling conglomerate Thyssenkrupp on Thursday said its steel unit would rack up 1 billion euros ($1.2 billion) in operating losses this year, raising pressure to fix or sell the division. The expected loss at Thyssenkrupp Steel Europe, the continent's No.2 player after ArcelorMittal, comes as the sector suffers from cheap Chinese imports, high raw material prices and weak automotive demand.

Aug 13 - Shareholders seek BHP moratorium on Australian cultural site damage
The BHP Group mining company must commit to not damaging Aboriginal cultural sites as its expands its operations while a review of Australian heritage law is carried out, a shareholder group said in a resolution filed on Thursday. The proposal comes before BHP's financial results, due out next week, and after a government enquiry into how peer Rio Tinto legally destroyed ancient caves that showed human habitation stretching back 46,000 years, as part of an iron ore mine expansion.

Aug 13 - Australia's Port Hedland iron ore exports to China fall 17.5% in July
Australia's iron ore shipments to China from the hub of Port Hedland fell 17.5% to 38.1 million tonnes in July from the previous month, data from the Pilbara Ports Authority showed on Thursday. Exports were down from 46.2 million tonnes in June, the data showed. 

Aug 13 - Chilean regulator preps sweeping Atacama review as it abandons SQM legal battle
Chile's environmental regulator has withdrawn from its legal battle to defend a compliance plan by lithium miner SQM that it approved last year, according to a filing seen by Reuters, a decision that could prove a major setback as the miner seeks to ramp up output of the coveted battery metal. The Environmental Superintendent (SMA) also said it was planning a new "comprehensive management plan" for the Atacama salt flat in northern Chile where SQM and other companies mine lithium and copper. The flat supplies around one-quarter of the world's lithium, an ultralight metal that helps power electric vehicles and cell phones.

Aug 13 - Aluminium sector struggles to adopt common standards to cut emissions
The aluminium industry, one of the metals sector's largest emitters of greenhouse gas, is struggling to adopt common standards on greener processing as rivals focus on promoting their own products rather than the wider green market. Multiple initiatives are seeking to set low-carbon benchmarks as rivals fight for market share in a sector burdened by big surpluses. 

Aug 13 - Russia has $1.5 billion plan to dent China's rare earth dominance
Russia plans investment of $1.5 billion in rare earth minerals, critical to the defence, telecommunications and renewable energy sectors, as it strives to become the biggest producer after China by 2030, a top government official told Reuters. Russia's initiative is in line with other countries, such as the United States, which are also trying to curb their reliance on China, home to 63% of global rare earths production and 37% of global reserves.

Aug 13 - Australia's South32 to sell manganese alloy smelter TEMCO to UK's GFG Alliance 
Australian diversified miner South 32 Ltd said on Thursday it would sell its entire stake in manganese alloy smelter Tasmanian Electro Metallurgical Company (TEMCO) to UK-based conglomerate GFG Alliance. GFG will acquire 100% of the shares in TEMCO for a nominal amount once approval is received from Australia's foreign investment review board, South 32 said in a statement, but did not elaborate on the financial details.

Aug 13 - Shanghai exchange could launch international copper contract from late Q3 - sources
The Shanghai International Energy Exchange (INE) could launch a copper futures contract available to foreign participants as early as the end of the third quarter, four sources said. The contract is under review by the China Securities Regulatory Commission (CSRC), said one source with direct knowledge of the matter, adding that the exchange aimed for a launch late in the third quarter or early in the fourth quarter.

Aug 13 - China's booming metal imports an echo of the last crisis: Andy Home
China's imports of industrial metals are booming. Refined copper imports hit an all-time high of 494,000 tonnes in June and accelerated again in July with the preliminary trade figures implying another record high of 530,000 tonnes. Imports of unwrought aluminium, a mixture of primary metal and alloy, surged to 254,000 tonnes in June.

Aug 13 - Congo to meet miners to debate copper concentrate export waivers
Mining companies and copper and cobalt buyers have been invited to a meeting in Kinshasa next week to discuss if there is a way to maintain waivers to an export ban that are meant to expire in September, the mining minister said on Thursday. Congo, Africa's biggest copper producer, banned exports of copper and cobalt concentrates in 2013 to encourage miners to process and refine the ore within its borders.

Aug 12 - Chinese metals recycling body urges shippers to keep bringing scrap
The China Nonferrous Metals Industry Association's CMRA recycling branch (CMRA) is urging shippers to continue carrying copper and aluminium scrap, it said on Tuesday, citing concern over potential raw material shortages. New standards for high-grade copper and aluminium scrap have been effective since July 1, but authorities have yet to provide detailed guidance on implementation.

Aug 12 - Stainless surge revives nickel market, but surplus still looms
Rapidly rising stainless steel production in top consumer China has helped to preserve demand and prices of key ingredient nickel, but analysts still expect a supply overhang of the metal valued for its anti-corrosive properties. Benchmark nickel prices on the London Metal Exchange (LME) are near their highest in more than seven months at around $14,300 a tonne and up more than 30% since touching a 14-month low of $10,865 in March.

Aug 12 - CME delists Dubai gold refinery three weeks after listing it
U.S. exchange operator CME Group has removed Dubai gold refinery Al Etihad from the list of refiners whose bars can be used to settle gold futures contracts in New York, only three weeks after adding it. The exchange, the world's biggest gold futures trading venue, approved Al Etihad's bars on July 7 and delisted the refiner on July 31, market notices issued by CME show.

Aug 12 - Russia's Nornickel H1 profit slides as it sets aside $2 bln for fuel spill claim
Russia's Norilsk Nickel said on Tuesday its net profit plunged in the first six months of 2020 after setting aside $2.1 billion in reserves for an environmental damage claim after a major fuel spill in the Arctic. Nornickel, the world's largest producer of palladium and the leading producer of nickel, disputes the amount of compensation Russia's environmental watchdog has asked it pay voluntarily following the May 29 leak, which the watchdog has said threatens unprecedented damage to the Arctic.

Aug 12 - S.Africa's Northam Platinum sees higher annual profit
South Africa's Northam Platinum said on Wednesday it expects higher annual earnings, underpinned by higher metals prices and increased sales volumes. Normalised headline earning per share (HEPS) for the full year ended on June 30 is expected to be in the range of 624.53 to 690.27 South African cents.

Aug 12 - Peru unrest flares as pandemic second wave hits, with resources firms in focus
Angry residents in Peru's Andean and Amazon regions have attacked three mining and oil sector firms in the last week, two of which were forced to halt operations after deadly clashes, as a second wave of COVID-19 infections hits the country. The main reason: demand for economic aid and healthcare support during the pandemic, which has underscored stark divisions between the rich and often rural poor in the country, the world's second largest producer of copper.

Aug 12 - Aurubis maintains full-year earnings forecast after strong quarterly results 
Aurubis AG, Europe's largest copper producer, on Tuesday confirmed its earnings forecast for its current financial year, after posting a sharp rise in quarterly earnings mainly on uninterrupted high production at smelter sites during the coronavirus crisis. Operating earnings before taxes (EBT) in the third quarter of its 2019/20 financial year ended June 2020 rose 91% on the year to 42 million euros ($49.35 million) with copper concentrate (ore) processing at a high level, Aurubis said.

Aug 11 - Russia's Nornickel no longer needs shareholder agreement, says co-owner
An eight-year-old shareholder agreement signed by Russian mining giant Norilsk Nickel's major owners has become a relic of the past which the $44 billion miner does not need, Vladimir Potanin, its largest shareholder, told Reuters. Potanin's Interros holding, aluminium producer Rusal and some other stakeholders signed the agreement on dividend payouts to end a previous four-year conflict over the size of dividend payments, Nornickel's strategy and management.

Aug 11 - China's Minmetals, Jinchuan eye copper concentrate blending plant in Guangxi - sources
State-run metal producers China Minmetals Corp and Jinchuan Group are planning to build a copper concentrate blending facility in southern China's Guangxi region, two people with knowledge of the matter said. The plant will be located in the port city of Fangchenggang on the Gulf of Tonkin, the people added, declining to be named due to the sensitivity of the matter. Jinchuan already has a 400,000 tonnes per year copper smelter in Fangchenggang, in which trader Trafigura owns a 30% stake.

Aug 11 - Miner Barrick beats profit estimates as gold prices surge, warns on Papua New Guinea mine
Miner Barrick Gold beat quarterly profit estimates and hiked its dividend on Mondayd, but warned that a prolonged shutdown could jeopardize the long-term viability of its Porgera gold mine in Papua New Guinea. Barrick benefited from a rise in demand for the precious metal driven by economic uncertainty, and said key projects remain on track despite challenges tied to the coronavirus pandemic.

Aug 11 - China's aluminium, zinc options see slow start on Shanghai debut
China, the world's biggest consumer of aluminium and zinc, launched options contracts for both on the Shanghai Futures Exchange on Monday, drawing lukewarm interest on the first day of trade. The roll out follows the launch of copper options almost two years ago and comes after a recent rally in the base complex driven by a strong recovery in Chinese demand and concerns of supply disruption overseas. 

Aug 11 - Investors call for greater Rio accountability over destroyed ancient caves
British and Australian investment funds said on Monday that Rio Tinto's testimony last week over its destruction of ancient caves in Australia raised questions about the accountability of its senior leadership. Rio chief executive Jean-Sébastien Jacques was grilled by an Australian Senate panel on Friday over how the company had legally destroyed two prehistoric rock shelters, causing deep distress to their Aboriginal owners.

Aug 11 - Aurubis in advanced talks to sell flat rolled copper division
Aurubis AG, Europe's biggest copper producer, is making progress in its talks to sell its flat rolled products (FRP) division despite the coronavirus crisis, the company said on Tuesday. Aurubis said in December it hoped to sell the division in 2020. The company sees its FRP unit as non-core.

Aug 11 - Canada´s Teck to re-start work at Quebrada Blanca 2 copper project in Chile
Canada´s Teck said on Monday it would reinitiate work on its Quebrada Blanca phase 2 copper project in Chile after shutting it down in March because of the novel coronavirus outbreak. Teck vice president Amparo Cornejo said in a Chilean mining forum that the company was working closely with local authorities and hoped to reach full staffing levels at the project within three months.

Aug 10 - Fortescue reviews plans that threaten 60,000 year-old Australian site
Fortescue Metals Group said on Friday it will review plans at an iron ore mine in Western Australia after an Indigenous group said a planned expansion threatened sacred sites, including a 60,000 year old rock shelter. The mining company asked the government to delay a decision on a heritage exemption request as part of a mine expansion, it said in a statement, which would allow it to damage sites of cultural significance to the Wintawari Guruma people.
Aug 10 - China vacuums up global iron ore amid disquiet over price rally: Russell 
It's probably taken longer than expected, but finally there are signs of concern in China about the sustained rally in iron ore prices. The Dalian Commodity Exchange (DCE) last week fired a warning shot across the bows of investors in the main domestic exchange for iron ore, reminding clients to trade rationally amid market uncertainties.

Aug 10 - LBMA clears Perth Mint of serious wrongdoing in sourcing gold
The London Bullion Market Association (LBMA) said on Friday it would continue to accredit the Perth Mint after an investigation into allegations that it processed unethically sourced gold found no significant wrongdoing. The withdrawal of accreditation would have hurt the mint, one of the world's largest gold refiners, because big banks that dominate gold trading usually require it.

Aug 10 - Canada to impose retaliatory tariffs on U.S. goods, hopes for resolution 
Canada will slap retaliatory tariffs on C$3.6 billion ($2.7 billion) worth of U.S. aluminum products after the United States said it would impose punitive measures on Canadian aluminum imports, a senior official said on Friday. Deputy Prime Minister Chrystia Freeland told a news conference the countermeasures would be put in place by Sept. 16 to allow consultations with industry.

Aug 10 - Speculators cut bullish bets on COMEX gold, silver - CFTC
Hedge funds and money managers reduced their bullish positions in COMEX gold and silver contracts in the week to August 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also decreased their net long position in copper futures and options, the CFTC data showed.

Aug 10 - Livent CEO to EV industry: sign better deals or risk lithium supply 
The electric vehicle industry must pay more for lithium in order to spur investment and prevent future supply crunches of the battery metal, the chief executive of lithium producer Livent Corp said on Friday. Demand for EVs is expected to surge in coming years, spurred in part by government mandates, rising concern about climate change and other factors.

Aug 10 - Record bullion prices give South African gold miners a lifeline, risks remain
South African gold miners are looking to cut debt and boost dividends as bullion hits record highs, with analysts and fund managers predicting a sectoral growth spurt over the next two years amid rising investor interest. Shunned by investors due to mines that are old, deep, and difficult to extract, the country's gold miners have traded at a discount to their global peers for years.

Aug 10 - BHP to pay $840 mln for early end to thermoelectric contract in Chile
Chilean copper mines Escondida and Spence, controlled by BHP, will jointly pay $840 million for an early end to a contract signed in 2008 with a coal-fired thermoelectric plant in the north of the country. BHP, like other mining companies in Chile, has been migrating its energy contracts to renewable sources to reduce its carbon footprint.

Aug 10 - Colombia coal miner Cerrejon and largest union fail to reach contract agreement
Cerrejon, one of Colombia's biggest coal producers, and its largest workers union concluded contract negotiations on Friday without reaching an agreement, the parties said. The 20-day direct settlement stage between the company and union Sintracarbon ended in early August and was extended for five days until Friday.

Aug 07 - China July copper imports surge to record as arbitrage pulls in metal 
China's copper imports rose to a record for a second straight month in July, customs data showed on Friday, buoyed by favourable international prices that kept an arbitrage window open and strong demand in the world's top consumer of the metal. Arrivals of unwrought copper and copper products into China were 762,211 tonnes last month, the General Administration of Customs said. That was up 16.1% from the previous record of 656,483 tonnes set in June and up 81.5% from 420,000 tonnes in July 2019.

Aug 07 - Trump reimposes tariffs on raw Canadian aluminum, Canada promises retaliation 
President Donald Trump on Thursday moved to reimpose 10% tariffs on some Canadian aluminum products to protect U.S. industry from a "surge" in imports, angering Ottawa and some U.S. business groups. Canada pledged retaliation as tensions heightened between the close allies just weeks after a new continental trade deal between the United States, Mexico and Canada came into effect.

Aug 07 - China's July iron ore imports hit record high on robust demand 
China's iron ore imports in July surged to a record, up 24% from a year earlier, customs data showed on Friday, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from the coronavirus pandemic. Arrivals of the key steelmaking ingredient were 112.65 million tonnes last month, according to data from the General Administration of Customs. That is up 10.8% from 101.68 million tonnes in June and above the 91.2 million imported in July 2019. 

Aug 07 - Antaike ups China 2020 copper import forecast, sees 400,000 T of net primary aluminium inflows 
esearch group Antaike made a nearly 13% upward revision to its forecast for China's refined copper imports in 2020, as tight raw material supply constrains domestic output, and said it sees net primary aluminium inflows totalling 400,000 tonnes. Antaike, the China Nonferrous Metals Industry Association's research arm, said on Thursday it saw refined copper imports totalling 3.5 million tonnes this year, analyst He Xiaohui told an industry conference in Beijing.

Aug 07 - AngloGold Ashanti half-year earnings rise more than 200% on higher gold prices 
AngloGold Ashanti on Friday reported a more than 200% increase in first-half earnings, boosted by higher gold prices, weaker local currencies and cost cutting measures. The gold miner said headline earnings per share, the main profit measure used in South Africa, for the six months ended on June 30 rose to 97 cents, or 234%, compared to 29 cents a year earlier. 

Aug 07 - Rio Tinto didn't inform cave blast owners of other mine plans - CEO 
Rio Tinto did not tell Aboriginal traditional owners of two ancient caves destroyed to mine iron ore about three alternative mine plans, its CEO told an inquiry on Friday, despite saying it had won fully informed consent for blasting. Rio Tinto CEO Jean-Sébastien Jacques faced an Australian Senate inquiry after the miner in late May legally destroyed the sacred caves which sat atop a high grade ore body it planned to mine, against the wishes of the traditional owners.

Aug 07 - Investors amassed 166 tonnes of gold in ETFs in July as prices surged 
Exchange traded funds (ETFs) swelled their gold holdings for an eight consecutive month in July, adding 166 tonnes worth $10 billion and helping push prices to record highs, the World Gold Council (WGC) said on Thursday. Massive purchases of gold by investors looking for an asset that will hold its value as the coronavirus upends markets have pushed prices up 35% this year. 

Aug 07 - Finland steel firm Outokumpu expects difficult third quarter 
Finnish stainless steel maker Outokumpu expects business to remain difficult in the third quarter, after second-quarter core operating profit halved from a year ago as the coronavirus crisis hit demand, it said on Friday. The pandemic battered the global steel sector in the first half of the year, especially in Europe, as swathes of industries that use steel shut down.

Aug 07 - Chile's Codelco to restart projects suspended because of coronavirus 
Chile's state-run miner Codelco, the world's largest copper producer, said on Thursday it would restart operations and projects it had suspended due to the coronavirus pandemic, beginning next week. The miner had been forced to delay several mine expansion projects as cases of the virus spread through its operations, though it has largely maintained output during the pandemic.

Aug 07 - Brazil suspends raid on illegal miners in Amazon indigenous land 
Brazil's Defense Ministry on Thursday suspended operations by environmental agents against illegal miners on an indigenous reservation in the Amazon, saying it was acting at the request of Munduruku tribe members who wanted mining on their land. The raid by environmental protection agency Ibama began on Wednesday, destroying excavators and water pumps used by wildcat miners prospecting for gold on rivers inside the reservation in Para state.

Aug 07 - Livent's quarterly loss misses expectations as lithium sales sag 
Lithium producer Livent Corp reported a quarterly loss on Thursday that fell short of Wall Street's expectations as demand for the electric vehicle battery metal sagged due to the coronavirus pandemic. Livent warned that results are unlikely to improve in the short term, with lithium stockpiles high across the globe and prices for the white metal sliding. Rival Albemarle Corp issued a similar warning earlier on Thursday.

Aug 06 - Glencore scraps $2.6 billion dividend as first-half earnings fall 
Glencore said on Thursday it was scrapping its dividend to focus on lowering debt as the COVID-19 pandemic forced it to book a $3.2 billion impairment charge. The miner and trader, which had expected to pay $2.6 billion in dividends, the economic outlook was too uncertain due to the coronavirus crisis to make the payout.

Aug 06 - Stunned by gold's record rise? There's more to come, analysts say 
The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion's relative safety. The record-breaking rally, which lifted gold as high as $2,055 on Wednesday, has made the precious metal one of 2020's best performing mainstream assets.

Aug 06 - Miners need more engineers to meet new tailings dam safety standard 
Mining companies need more skilled engineers if they are to meet strict new global safety standards for tailings dams aimed at preventing catastrophic failures like those in recent years that have killed hundreds of people and inundated nearby communities with mine waste. "Most companies are realizing that there is a skills gap, because you have senior people moving out and not enough younger people moving in," said mining engineering professor Priscilla Nelson, who is setting up a new tailings program at the Colorado School of Mines. 

Aug 06 - African supply bottlenecks fuel cobalt price surge 
Transport delays from South Africa against a backdrop of increasingly robust Chinese demand have fuelled a price rally for cobalt hydroxide, used to make chemicals for electric vehicle batteries. Chinese cobalt refiners have moved to replenish stocks of hydroxide feedstock as they gear up for a rebound in demand as coronavirus lockdowns are eased.

Aug 06 - Albemarle warns lithium sales sliding amidst weak EV market 
Albemarle Corp, the world's largest producer of lithium for electric vehicle batteries, warned on Wednesday that its third quarter sales and profit will dip as automakers produce fewer EVs due to the coronavirus pandemic. The warning came after the company posted a 45 percent drop in second-quarter profit due in part to low prices for the white metal caused by global oversupply. 

Aug 06 - Papua New Guinea's Ok Tedi copper mine halts output due to COVID cases 
Papua New Guinea's Ok Tedi copper and gold mine suspended output on Wednesday for at least 14 days, after seven workers tested positive for the coronavirus, the mine operator said. The company said it was immediately suspending operation for at least two weeks "to limit further transmission and allow contact tracing, isolation and testing procedures to be implemented," Chief Executive Musje Werror said.

Aug 06 - EU steel demand falls 12% in the first quarter - Eurofer 
Steel consumption in the European Union slid by 12% year-on-year in the first quarter as the COVID-19 pandemic worsened an already weak picture, industry group Eurofer said on Wednesday. The coronavirus crisis is likely to show a bigger impact in the second quarter because lockdown measures only kicked off in the last month of the quarter, a statement said.

Aug 06 - Chile's top copper miners boost June output during coronavirus peak 
Chile's largest copper mines boosted output in June, according to government statistics released late on Tuesday, churning out more of the red metal even as the coronavirus outbreak hit its stride in the South American mining powerhouse. The Chilean Copper Commission (Cochilco) reported that Codelco, the world's top copper producer, raised production by 2.5% from June 2019, to 131,900 tonnes. 

Aug 06 - EU extends anti-dumping duties on Chinese steel 
The European Commision said on Wednesday it had extended anti-dumping duties on imports of Chinese corrosion-resistant steel to stop producers avoiding existing duties by slightly modifying the material they export. The European Union set duties in February 2018 of between 17.2% and 27.9% for imports of certain corrosion-resistant steels from China to counter what it said were unfairly low prices.

Aug 06 - South Africa's diamond polishers look to lockdown lovers to add shine 
South Africa's diamond industry, famed for sales the world over and supplying gems for the British crown jewels, is looking closer to home to revive its fortunes following the coronavirus slump. Even before the new virus triggered the COVID-19 pandemic, diamond prices and demand were weak. Global economic weakness has exaggerated that and Anglo American's De Beers unit last week reported a plunge in earnings. 

Aug 06 - Canada's Barrick Gold considers switching primary stock listing to NYSE - WSJ 
Canadian gold miner Barrick Gold Corp is weighing moving its main listing from Toronto to New York, the company's chief executive said, a step that would weaken its traditional links to Canada, according to a Wall Street Journal report on Wednesday. Chief Executive Mark Bristow said the company was debating a move to the New York Stock Exchange, but added there were no current plans to do so, according to the WSJ report.

Aug 05 - Scotia bows out of gold and silver benchmarks, Citi joins 
Bank of Nova Scotia (Scotiabank) has left the group of banks and traders that set daily global gold and silver benchmark prices, and Citibank has joined, the London Bullion Market Association (LBMA) said on Tuesday. The benchmarks, overseen by the LBMA, are used in contracts around the world. They are set in auctions into which participant banks and brokers feed buy and sell orders from themselves and their clients. 

Aug 05 - Iron ore may overtake coking coal as 2020's weird commodity world continues: Russell 
In case there isn't already enough evidence that 2020 is shaping up as a very odd year in commodity markets, it's possible that the price of iron ore may soon exceed that of coking coal. The price of a tonne of iron ore and coking coal, on a cost and freight delivered basis to China, reached near parity on Tuesday, according to data from S&P Global Platts.

Aug 05 - Gold's mega rally faces $2,000 hurdle, but for how long? 
Gold's rally has halted just below $2,000 an ounce partly due to fierce technical resistance, but an eventual break above that level is likely, freeing prices for more record highs, technical analysts said. The gold price has surged 30% this year to an all-time peak around $1,975 an ounce and is one of 2020's best-performing assets.

Aug 05 - Top aluminium producer China Hongqiao quits international body 
China Hongqiao Group, the world's biggest aluminium producer, has left the International Aluminium Institute (IAI) only four years after joining the global industry body for the metal used in everything from cars to cans. The move means the Chinese aluminium giant has broken ranks with a body that represented companies producing more than 60% of the metal and its raw materials bauxite and alumina worldwide, prior to Hongqiao's departure.

Aug 05 - Congo to suspend value-added tax exemption for mining imports 
Democratic Republic of Congo is suspending the value-added tax (VAT) exemption on imports by mining companies in an effort to bolster state revenue, the budget minister said. Jean-Baudouin Mayo told the finance minister to implement the government's decision to suspend the exemption after cabinet agreed the move last week, according to a letter dated July 31 and seen by Reuters on Tuesday.

Aug 05 - Australia's Lynas to start building waste facility in Malaysia next year
Australian rare earths miner Lynas Corp said on Wednesday it aims to begin development of a permanent waste treatment facility in Malaysia by early 2021 and will apply for final regulatory approvals over the coming months. Lynas can build its facility in a waste disposal site identified by the Pahang state government, Khairy Jamaluddin, Malaysia's science, technology and innovation minister said in parliament on Tuesday.

Aug 05 - Peru copper and gold output nosedive in first half of 2020, ravaged by coronavirus - govt 
Peru, a top global metals exporter, saw its output of copper, gold and zinc nosedive in the first half of 2020, ravaged by restrictions put in place to curb the coronavirus outbreak, the government said on Tuesday. The world's No. 2 copper producer said production of the red metal plunged 20.4% in the first half of 2020 versus the same period in 2019.

Aug 05 - Brazil's BNDES raises $1.5 bln from sale of Vale shares 
Brazil's state-owned development bank BNDES raised 8.1 billion reais ($1.53 billion) by selling 135 million shares in miner Vale SA in an auction on Tuesday, the bank's President Gustavo Montezano said. The share sale reduced the BNDES stake in the world's second largest iron ore mining company to 3.7% from 6.3%.

Aug 05 - Rio Tinto apologises for failures in Australian cave blast inquiry 
Rio Tinto apologised to an Australian parliamentary inquiry in its submission on Tuesday for the destruction of ancient sacred caves, admitted to numerous errors, and said it supported reforms to state heritage laws. The world's biggest iron ore miner in late May legally destroyed two historically significant sacred caves in Western Australia state, against the wishes of the Traditional Owners, but that sat atop a high grade ore body it planned to mine.

Aug 04 - India's July gold imports drop 24% y/y as prices surge to record - govt source 
India's gold imports in July fell 24% from a year earlier as a rally in local prices to a record high curtailed retail purchases amid lockdown in many towns to curb the spread of the coronavirus, a government source said on Tuesday. The world's second-biggest consumer of the precious metal imported around 30 tonnes of gold in July, down from 39.66 tonnes a year ago, the source said. The source asked to remain anonymous since he is not authorised to speak to the media.

Aug 04 - With eye on China, India looks to increase barriers on imports from Asia 
New Delhi is considering measures to prevent trade partners mainly in Southeast Asia from re-routing Chinese goods to India with little added value, two government sources said, amid strained ties with Beijing and a push for self-reliance. India is planning to raise quality standards of imports, impose quantity restrictions, mandate stringent disclosure norms and initiate more frequent checks at ports of entry for goods coming from many Asian countries, the officials said, declining to be named as they were not authorised to talk to the media.

Aug 04 - Centamin earnings jump on strong gold prices, higher Egypt mine output 
Gold miner Centamin Plc reported higher first-half pretax profit on Tuesday, buoyed by increased output from its Sukari mine in Egypt and rising bullion prices on coronavirus driven safe-haven demand. Shares of the company were up 1.2% to 209.98 pence at 0703 GMT.

Aug 04 - Nippon Steel to appeal S.Korea ruling allowing seizure of assets 
Japan's Nippon Steel Corp said on Tuesday it will appeal a South Korean court ruling that allows for a seizure of its assets - the latest development in a case that has inflamed tensions between Tokyo and Seoul. South Korea's Supreme Court in 2018 ordered Nippon Steel to pay 100 million won ($83,800) each to four South Koreans as compensation for forced labor during World War II, angering Japan which says the issue of compensation was settled under a 1965 treaty and that the ruling violated international law.

Aug 04 - Saracen Mineral aims up to 400,000 oz gold output from Western Australia mines in 2021 
Gold miner Saracen Mineral Holdings Ltd said on Tuesday it expected to produce between 380,000 ounces and 400,000 ounces of gold next year at its Carosue Dam and Thunderbox mines in Western Australia, propelled by a rise in reserves. Saracen posted a 12% rise in gold reserves at the end of June to a "record" 3.7 million ounces for the mines. The reserve calculation was based on a gold price of A$1,750 ($1,245.65) an ounce.

Aug 04 - China steelmaker HBIS lines up investment in Peru iron ore mine 
HBIS Resources Co Ltd, a unit of China's second-biggest steelmaker HBIS Group, said on Monday it had signed an initial deal to develop the Pampa de Pongo iron ore mine in Peru alongside current licence-holder Zhongrong Xinda. The two Chinese companies plan to set up a joint venture to work on the first stage of the mine, which also contains copper, cobalt and gold reserves, an HBIS Resources filing to the Shenzhen Stock Exchange showed.

Aug 04 - China's Greatpower starts up 2nd cobalt sulphate production line 
China's Greatpower Technology Co late last month launched its second cobalt sulphate production line in the country's eastern Zhejiang province, its chairman Cao Dongqiang said on Monday. The commissioning of the second line raises Greatpower's capacity for cobalt sulphate - a chemical used in batteries for electric vehicles - to around 45,000 tonnes per year from under 30,000 tonnes previously, Cao told Reuters.

Aug 03 - Chilean regulators scrap lithium miner SQM's environmental plan 
Chilean regulators have rejected lithium producer SQM's $25 million environmental compliance plan for the Atacama salt flat, requesting the miner to start again from scratch, a filing showed. Chile's Environmental Superintendent (SMA) approved SQM's compliance plan early in 2019 after a multi-year investigation found the miner had overdrawn lithium-rich brine from the salt flat.

Aug 03 - 102 tonnes of gold changing hands on CME's biggest ever delivery day 
Traders on CME Group's Comex exchange in New York said on Thursday they would deliver 102 tonnes of gold to holders of expiring futures contracts, in the biggest one-day delivery on record. The bumper number underlines a dramatic change on Comex since March, when the coronavirus crisis weakened links between New York, the world's main gold futures trading venue, and London, the biggest centre for storing and trading physical bullion.

Aug 03 - Chile copper production dips in June for first time since coronavirus hit 
Chile´s copper output fell in June for the first time since the coronavirus pandemic landed in the world´s top producer of the red metal, dropping 0.6% to 472,172 tonnes, according to data released on Friday by government statistics agency INE. The South American nation´s manufacturing output, meanwhile, plunged 8.3% in June, the agency said, as the peak of contagions in the South American nation hammered its economy.

Aug 03 - Speculators cut bullish bets on COMEX gold, silver - CFTC 
Hedge funds and money managers reduced their bullish positions in COMEX gold and silver contracts in the week to July 28, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators increased their net long position in copper futures and options, the CFTC data showed.

Aug 03 - Chile's Codelco copper output up in first half 2020 despite coronavirus 
Chile's Codelco, the world's top copper producer, said on Friday it boosted output by 4.7% in the first six months of 2020 even as the coronavirus outbreak forced it to rely on skeleton crews. Pretax profits of $380 million jumped 20% over the year-ago period, the company said. Cash costs plunged 9%, helping boost profits alongside strong output.

Aug 03 - Brief fire kills worker at Russia's Nornickel power plant 
A fire broke out briefly due to a short circuit at Norilsk Nickel's power station in the Arctic on Monday, killing one worker, the company said in a statement. Environmental security at Nornickel's Arctic assets has been in focus since 21,000 tonnes of fuel leaked from a tank at its other power plant near Norilsk on May 29, followed by a series of smaller incidents.

Aug 03 - Abramovich sells 40% in Highland Gold to Russian businessman 
Russian businessman Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold to a Russian businessman, who will make a cash offer to remaining shareholders, they said on Friday. Abramovich, Chelsea soccer club owner, is selling Highland Gold, in which he was a shareholder for many years, at a time when gold price is close its record high as the COVID-19 pandemic drives investors towards the metal as a safe haven.

Aug 03 - China metals trader Jinchuanmaike makes management changes - notice 
Chinese metals trader Jinchuanmaike Metal Resources Co has reshuffled its top management, with chairman Liu Shichao stepping in as acting general manager to replace Luo Shengzhang, according to two company sources and an internal notice. Deputy general manager Wu Jianming will assist Liu and take charge of the base metals, mineral resources and trading divisions, the notice dated July 28 and seen by Reuters showed.

Aug 03 - Australia's Metals X allows bidders due diligence on copper assets 
Australian tin producer Metals X on Friday said it has allowed a number of shortlisted parties interested in buying its copper portfolio to undertake due diligence and submit final bids for the projects. The company, struggling with loan repayments after breaching some debt covenants recently, said it had finally repaid a reworked loan facility with Citibank, allowing it access to a separate A$26 million ($18.7 million) loan.

Jul 31 - Glencore ups expectations for trading, cuts coal guidance 
Swiss-based Glencore said a stellar performance in trading would see it hit the top end of guidance for the year but posted lower production figures for its first half. Copper output fell 11% to 588,100 tonnes for the six months to June 30 while cobalt output was down 33% to 14,300 tonnes owing to the closure of the Mutanda mine in Democratic Republic of Congo.

Jul 31 - LME stocks' surge fails to dent zinc's exuberant recovery: Andy Home 
Zinc is the latest industrial metal to stage a full COVID-19 recovery. London Metal Exchange (LME) three-month zinc hit a six-month high of $2,312 per tonne on Thursday. At the height of the industrial metals' coronavirus meltdown in March, zinc touched a four-year low of $1,675, at which stage it was down 22% on the start of the year. The gap is now less than 1%. 

Jul 31 - Newmont posts slightly better-than-expected profit on gold surge 
Gold miner Newmont Corp topped analysts' estimates for quarterly profit on Thursday, benefiting from a surge in bullion prices as the COVID-19 pandemic and rising Sino-U.S. tensions boosted demand for safer assets. Gold prices have scaled record peaks this year as the coronavirus crisis slams the global economy, with tensions between Beijing and Washington further boosting the appeal of the metal, long seen as a hedge against inflation and currency debasement.

Jul 31 - AngloGold Ashanti CEO Dushnisky steps down after two years in the role 
Gold miner AngloGold Ashanti's Chief Executive Kelvin Dushnisky will step down on Sept. 1, the company said on Thursday, citing family reasons for his departure after just two years in the role. Chief Financial Officer Christine Ramon has been appointed interim CEO while the board searches for a replacement, the company said in a statement. 

Jul 31 - Brazil's Vale eyes mine expansions, Samarco restart amid robust Chinese demand 
Brazilian iron ore miner Vale SA is sending a proposal this month to the board for further expansion at its Northern System mining complex, and the company expects to restart operations at its Samarco complex in December, executives said on Thursday. Speaking to analysts following the company's second-quarter results release, executives struck an upbeat tone, saying it is the only miner able to deliver 100 million tonnes of additional iron ore output to meet strong demand from China for the key steelmaking ingredient. 

Jul 31 - Diamond giant De Beers likely to cut jobs after COVID-19 hit 
Diamond mining giant De Beers is likely to have to cut jobs, its chief executive said on Thursday, as it outlined plans for an overhaul of its business after the coronavirus hit jewellery demand. De Beers, a unit of Anglo American, earlier reported plunging earnings in the first half of 2020 as a drop in rough diamond sales and prices hurt margins. 

Jul 31 - Rio Tinto injects extra $200 mln in Jadar lithium project for feasibility study 
Rio Tinto said on Thursday it approved nearly $200 million for its Jardar lithium project in Serbia that will be used to fund its feasibility study. The Anglo-Australian miner has already invested $450 million into the project and is hoping to complete the study and design work for the project by the end of next year as the world grows more environmentally-conscious.

Jul 31 - Abramovich sells 40% in Highland Gold to Russian businessman 
Russian businessman Roman Abramovich and his partners are selling a 40.06% stake in Russian mid-sized gold producer Highland Gold to a Russian businessman, who will make a cash offer to remaining shareholders, they said on Friday. Abramovich, Chelsea soccer club owner, is selling Highland Gold, in which he was a shareholder for many years, at a time when gold price is close its record high as the COVID-19 pandemic drives investors towards the metal as a safe haven.

Jul 31 - Shares of Greenland gold miner AEX Gold to start trading in London on Friday 
Greenland-focused gold exploration and mining company AEX Gold will list on the London Stock Exchange's small company sub-market, AIM, on Friday, in London's biggest initial public offering since February. The firm on Monday said it had raised 42.5 million pounds ($55.39 million) through a placing of 94,444,445 shares, representing 53.3% of the company's share capital.

Jul 30 - Investor gold rush in the west offsets collapse of Asian market - WGC 
A record-breaking flood of gold investment that has driven prices to all-time highs was not enough to stop a collapse in jewellery sales from cutting global demand for the metal by 6% in the first half of 2020, the World Gold Council (WGC) said. The coronavirus pandemic triggered stockpiling of gold in Europe and North America as insurance against inflation and market turmoil, driving prices up almost 30% this year to more than $1,950 an ounce. 

Jul 30 - Spot gold climbing above China futures reverses usual pricing: Russell 
One of the features of the current rally to a record gold price is that it has been driven largely by investment products, with virtually no support from the major physical demand centres in Asia, namely China and India. This has resulted in some unusual pricing dynamics, with gold futures in Shanghai trading at a discount to both spot gold and U.S. futures.

Jul 30 - ArcelorMittal sees signs of recovery as debt hits record low 
ArcelorMittal, the world's largest steelmaker, reported higher than expected second quarter earnings and said its core markets were showing signs of recovery, albeit from exceptionally low levels. ArcelorMittal, which withdrew its guidance for global steel consumption in May, said the speed and course of the demand recovery following the pandemic remained uncertain.

Jul 30 - Chile rules out privatization of state-owned mining giant Codelco 
The Chilean government ruled out on Wednesday the privatization of state-owned mining giant Codelco, the world's largest copper producer, after a small group of lawmakers proposed to sell it off to raise funds for the coronavirus response. An internal document attributed to the far-right Independent Democratic Union (UDI) party and leaked to Chilean media on Tuesday suggested selling it off among a series of measures to raise money for Chile´s dwindling coffers amid the pandemic. 

Jul 30 - Anglo American lowers dividend after 39% profit fall from lockdowns 
Diversified miner Anglo American said on Thursday first- half profits fell 39% as coronavirus-related lockdowns hit production and it said it was halving its interim dividend. The London-listed miner posted underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of $3.4 billion for the six months to June 30, beating a consensus of $3 billion from nine analysts compiled by Vuma.

Jul 30 - China banks, regulators move to cool gold rush 
Chinese regulators and major banks are rushing to curb precious metal trading by domestic investors to temper speculation that some fear could cause a repeat of this year's oil trading mishaps. The scramble to limit risks comes as gold prices hit record highs this week, spurred by investors hunting for safe haven assets in markets rattled by worries of rising coronavirus cases, lofty equity valuations and a falling U.S. dollar.

Jul 30 - Brazil's Vale resumes dividends 18 months after deadly dam disaster; Q2 profit soars 
Brazilian mining giant Vale SA said on Wednesday it will resume dividend payments to shareholders, suspended since a deadly dam burst in January 2019, as it reported second-quarter profit rocketed amid a surge in iron ore prices. Disclosing the resumption in a securities filing, Vale said the decision came following the reduction of business uncertainties related to the novel coronavirus pandemic. "The worst is likely behind us," Vale said in a statement. 

Jul 30 - Australia's Pilbara Minerals says lithium prices may be near bottom 
Lithium prices may be bottoming, Australia's Pilbara Minerals said on Thursday, supported by COVID-19 stimulus packages and government measures to boost the electric vehicle (EV) and renewable energy sectors. Lithium has experienced a prolonged price fall due to slowing sales in China, the world's top EV market, exacerbated by a hit to demand from coronavirus-induced lockdowns.

Jul 30 - Russia's Nornickel draws up ecological targets for bosses after Arctic fuel spill 
Russian nickel and palladium producer Norilsk Nickel will impose ecological targets for its management team after the Arctic fuel spill, it said on Wednesday. Arctic environment security at Nornickel's assets has been in the spotlight since 21,000 tonnes of fuel leaked from a tank at its power plant near the city of Norilsk on May 29. It was followed by a series of smaller incidents. 

Jul 30 - Base metals study groups to hold October meetings online 
Base metals study groups meetings scheduled for October in Lisbon will instead be held online due to the coronavirus outbreak. The International Lead and Zinc Study Group (ILZSG), International Copper Study Group (ICSG) and the International Nickel Study Group (INSG) publish monthly and bi-annual reports with forecasts for global supply and demand.

Jul 29 - Iron ore helps Rio Tinto first-half profit beat estimates 
Anglo-Australian miner Rio Tinto reported better-than-expected first-half profit on Wednesday, boosted by firm prices for iron ore and higher output as Chinese demand for the steel-making ingredient recovered from a coronavirus hit. Iron ore prices have remained resilient this year on the back of China's infrastructure development push and concerns over a supply shortfall from Brazil, helping miners like Rio weather through disruptions in mining other commodities.

Jul 29 - Zinc stocks in Singapore's LME warehouses suggest unusually large surplus 
Deliveries of zinc to London Metal Exchange registered warehouses in places such as Port Klang, Malaysia and Singapore, not typical destinations, suggest an unusually large surplus of the metal used to galvanise steel. Overall stocks of zinc in LME warehouses at 173,000 tonnes are more than three times the levels seen in early February and at their highest since October 2018.

Jul 29 - Goldman hikes 12-month gold price forecast to $2,300 
Goldman Sachs on Tuesday raised its 12-month gold price forecast to $2,300 per troy ounce (toz), aided by expectations of more downside in U.S. real interest rates and a favourable environment for the safe-haven metal. The surge in gold prices is being driven by a potential shift in the U.S. Fed towards an inflationary bias to account for political tensions and an expectations that coronavirus infections will rise, Goldman said.

Jul 29 - U.S. finds its Chinese rare earth dependency hard to break: Andy Home 
The U.S. Department of Defense has just committed funding for two rare earth separation plants on U.S. soil. It's one small step towards the Trump administration's stated goal of breaking the country's dependence on Chinese supplies of critical minerals. 

Jul 29 - London Metal Exchange to kick off rebate programme for ring members in August 
The London Metal Exchange (LME) said on Tuesday it would introduce a rebate programme to help its Category One ring trading members weather the financial fallout from the temporary closure of the trading floor during the pandemic. The rebates will bring the fees paid by the nine Category One members for the exchange's electronic trading system, or LMESelect, down to ring or floor trading levels.

Jul 29 - Australia's CIMIC in advanced talks to sell 50% of Thiess to hedge fund Elliott 
Australia's CIMIC Group said on Wednesday it was in advanced talks to sell 50% of its mining services business, Thiess, to an affiliate of activist hedge fund Elliott Management. The exclusive talks with Elliot, backed by billionaire Paul Singer, is expected to conclude in the "coming weeks", the Sydney-based firm said in a statement. 

Jul 29 - Hastings Technology Metals to relocate part of rare earths plant to save costs 
Australia's Hastings Technology Metals Ltd said on Wednesday it would reduce its capital spend on the Yangibana rare earths project by about A$68 mln ($48.73 mln) through decoupling and relocating a part of it. The rare earths explorer will relocate Yangibana's hydrometallurgical cracking and leaching plant to the Pilbara region from the Gascoyne region in Western Australia, citing benefits like lower on-site costs and easier access to port facilities.

Jul 29 - Codelco unions federation rejects privatization proposal 
Workers at state-owned Chilean copper behemoth Codelco have rejected a suggestion by a coalition partner of President Sebastian Pinera that the company be sold off to fund the response to the coronavirus pandemic. An internal document attributed to the far-right Independent Democratic Union (UDI) party and leaked to Chilean media suggested the privatization among a series of measures to raise money for the fiscus. 

Jul 29 - Russia's En+ adds to calls for Nornickel management overhaul after spill 
Russia's En+ Group said on Tuesday it backed a call to overhaul the management of Norilsk Nickel (Nornickel) after a major fuel spill in the Arctic at one of the nickel and palladium producer's plants. Russian aluminium giant Rusal, a subsidiary of En+ that has a stake in Nornickel, called this month for management changes at Nornickel, after 21,000 tonnes of diesel leaked into rivers and subsoil on May 29 in the Arctic city of Norilsk.

Jul 29 - Thyssenkrupp must quickly present strategy, steel solution - Deka 
Conglomerate Thyssenkrupp must soon find a solution for its struggling steel unit and say how it will spend the 17.2 billion euros ($20.2 billion) in proceeds from the sale of its elevator division, a top-20 investor said. "There has to be a solution for steel in the near term. It would be good if there was clarity until the next annual general meeting," said Ingo Speich, head of sustainability and corporate governance at Deka Investment, Thyssenkrupp's 11th-largest shareholder, who has been an outspoken critic of Thyssenkrupp's performance in the past.

Jul 28 - Rio Tinto reports new gold find at Western Australia mine 
Rio Tinto Ltd said on Monday it discovered gold-rich deposits at its Winu project in Western Australia and indicated the potential for a major new copper and gold mine in the region. The Anglo-Australian miner said the new find in the Paterson Province, along with other positive drilling results nearby, points at potential for developing of multiple ore bodies within one system.

Jul 28 - Gold eyes $2,000 mark in speedy record-breaking run 
Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness, faltering stocks and U.S.-China trade tensions. Spot gold prices have surged 53% in the last 14 months, blowing past 2011's record high of $1,920.30 an ounce to an all-time peak of $1,943 earlier on Monday.

Jul 28 - Auto parts makers shine spotlight on aluminium's role in electric vehicles 
A faster paced energy transition through a speedier shift to electric vehicles has created a new, substantial demand stream for aluminium and major opportunities for auto supply chain firms flying under investors' radar. Previously shunned in favour of cheaper steel, aluminium consumption in electric vehicles is expected to accelerate over coming years as COVID-19 hastens the move to a green economic recovery.

Jul 28 - Chile judge calls for water study on 'fragile' lithium-rich Atacama salt flat 
A top environmental judge in Chile renewed a call for a government-vetted water study to help stamp out lingering questions about sustainability that have cast a pall over Chile's lithium-rich Salar de Atacama. Water - both fresh and saline, where the lithium lies - has long been a sticking point for miners at Atacama, one of the world's richest reserves of the ultralight battery metal. The flat sits amid the world's driest desert.

Jul 28 - Russia's Rusal Q2 sales down 10% as coronavirus hit demand 
Russian aluminium producer Rusal on Monday reported a 10% fall in its second quarter aluminium sales compared with a year ago as the new coronavirus outbreak hit demand for its metal. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, managed to boost sales to China and is relatively optimistic about its prospects for July-December if coronavirus infects do not spike.

Jul 28 - Supervisors at Antofagasta's Centinela copper mine in Chile accept new contract 
Supervisors at Antofagasta Minerals' Centinela copper mine in Chile have agreed to a new contract offer, avoiding the possibility of a strike, the union president said on Monday. The supervisors' union agreed last week to extend government-mediated talks after failing to agree on a new contract with Antofagasta. 

Jul 28 - China plans to tighten steel capacity swap plan 
China is planning stricter rules for steel capacity swaps, which were stopped at the beginning of the year, and will also expand the key areas in which they are used, according to a notice issued by the Jiangsu Iron and Steel Association. The world's top steel producer has been working for years to cut manufacturing capacity to reduce oversupply and shutter older, lower spec, and more highly polluting plants. 

Jul 28 - Kumba Iron Ore's interim earnings fall on lower sales and lockdown 
South Africa's Kumba Iron Ore Ltd on Tuesday reported a 17% drop in interim earnings due to the impact of the new coronavirus on output and sales but remained upbeat about its ability to withstand the turmoil. The company, a unit of Anglo American, on Tuesday reported headline earnings per share, the main profit measure used in South Africa, down 17% to 26.19 rand for the six months ended on June 30, compared with 31.51 rand a year earlier.

Jul 28 - Brazil tribes struggling to survive after dam burst to get day in court against BHP 
For the Krenak indigenous people who live along the Rio Doce in southeastern Brazil, the waterway was their community's lifeblood, a source of food and spiritual presence, where children were baptized and learned to swim. But in 2015, a dam co-owned by BHP Group, and Vale SA collapsed, unleashing 44 million cubic meters of mining waste into the river and Atlantic Ocean, 650 km away, in what became Brazil's worst environmental disaster. 

Jul 28 - Brazil's steelmakers say U.S. is pressuring to lower export quotas 
Brazilian steelmakers' trade group Iabr on Monday said the United States is pressuring Brazil to reduce its exports of unfinished steel, part of a long fight between both countries. "They have threatened us," Iabr President Marco Polo said of the United States. "If we don't agree to tariffs they will lower our quotas," he told reporters.

Jul 27 - China's June U.S. copper concentrate imports hit highest since Sept 2018 
China's imports of copper concentrate from the United States hit their highest in June since September 2018, customs data showed on Sunday, as smelters made the most of a trade detente to purchase tariff-free metal earlier this year. China, the world's top copper consumer, imported 30,734 tonnes of U.S. copper concentrate last month, according to the General Administration of Customs. That accounted for 1.93% of its total June copper concentrate imports of 1.59 million tonnes.

Jul 27 - Pentagon, Lynas sign contract to kick off design work for U.S. rare earths facility 
Rare earth producer Lynas Corp said on Monday it signed a contract with the U.S. Department of Defense to begin initial design work for its heavy rare earth separation facility in Texas that the Pentagon is providing initial funding for. The 'Phase 1' funding forms part of a concerted effort by Washington to reduce the United States' reliance on China as the world's largest producer of the strategic minerals used to make missiles, cell phones to a ranger of other high-tech equipment. 

Jul 27 - China approves import quotas for another 10,110 T of copper scrap 
China has granted import quotas of another 10,110 tonnes of high-grade copper scrap and 1,110 tonnes of aluminium scrap for 2020, according to a notice on the website of China Solid Waste and Chemicals Management Bureau. The bureau, part of China's Ministry of Ecology and Environment, also approved imports of 3,970 tonnes of steel scrap, according to the notice dated July 24. 

Jul 27 - Workers, Antofagasta reach labor deal at Chile´s Zaldivar copper mine, strike averted 
The union of workers at Antofagasta´s Zaldivar copper mine in northern Chile told Reuters it had reached a contract deal with the Chilean-based miner, averting the risk of a walk-off. The workers at the mine entered mediation with the government over salaries and benefits on July 15, in a last-ditch bid to stave off a strike amid a coronavirus outbreak in the South American nation. 

Jul 27 - Amplats H1 profit falls as pandemic, processing shutdown weigh 
Anglo American Platinum (Amplats) reported on Monday a 7% fall in half-year profit, hurt by the impact of the new coronavirus on output and the temporary shutdown of its processing facilities. The Johannesburg-listed miner, one of the world's largest platinum producers, said headline earnings per share (HEPS) for the six months to June 30 fell to 26.27 rand per share compared with 28.15 rand a year earlier.

Jul 27 - Lead stocks show first signs of post COVID-19 surge 
An unprecedented drop in lead demand from the auto battery sector due to COVID-19 has led to massive surpluses flowing into exchange warehouses, a surge analysts say is only the tip of the iceberg. Coronavirus lockdowns earlier this year brought the car industry to a halt and crippled the market for replacement batteries, which accounts for about half of total lead demand.

Jul 27 - Tesla boss Musk's desire for more nickel could be a non-starter: Andy Home 
Elon Musk faces something of a reality check after his call this week for more nickel mines to feed the batteries that Tesla and other carmakers need to power their electric vehicles. The market's fortunes remain beholden not to the battery supply chain but to the much larger stainless steel sector, and nickel prices are hovering around levels that are more likely to force out existing operators than entice new ones. 

Jul 27 - Speculators raise bullish bets on COMEX gold, silver - CFTC 
Hedge funds and money managers increased their bullish positions in COMEX gold and silver contracts in the week to July 21, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped their net long position in copper futures and options, the CFTC data showed.

Jul 27 - Coronavirus deaths hit ArcelorMittal plant in Mexico - union 
Twenty-one workers at a steel plant owned by ArcelorMittal in the Mexican port city of Lazaro Cardenas have died from COVID-19, the steelworkers' trade union said Saturday. The dead include employees, contractors and suppliers to the plant, said Carlos Solorio, secretary general of the local branch of the national mining and metallurgical workers' union.

Jul 24 - Freeport-McMoRan swings to second-quarter profit after cost cuts
Freeport McMoRan Inc on Thursday said it swung to a second-quarter profit as the world's largest publicly traded copper producer slashed costs to stem the fallout from the coronavirus pandemic. Shares fell about 1.3% to $13.44 in afternoon trading. Net income attributable to shareholders was $53 million, or 3 cent per share, in the second quarter ended June 30, compared with a loss of $72 million, or 5 cents per share, a year earlier. 

Jul 24 - Shanghai futures exchange to spur effort for foreigners to trade steel futures
China's Shanghai Futures Exchange will prepare for the listing of ferrochrome futures, advance products like cold-rolled coils, medium plates and steel options, and speed a drive for foreign investors to trade steel futures, an exchange official said. China's internationalisation of commodities futures contracts would allow foreign investors to trade in them. At present, foreign companies have limited access to its commodities markets.

Jul 24 - Global steel output falls 7% yr/yr in June - WorldSteel
Global crude steel production fell to 148.3 million tonnes last month, down 7% from the same month in 2019, World Steel Association data showed on Thursday. Crude steel output in China, the world's top producer and consumer of metals rose 4.5% to 91.6 million tonnes in June from the same period last year.

Jul 24 - Teck Resources profit plunges 82% as pandemic hits demand, prices
Canadian miner Teck Resources Ltd reported a more than 82% fall in second-quarter adjusted profit on Thursday, as the COVID-19 pandemic hurt demand for its products and squeezed prices. Miners around the world, including Teck, have been grappling with the havoc wreaked by the pandemic on the commodities market, forcing companies to shut mines, cut production and in some cases wind down certain operations.

Jul 24 - Thyssenkrupp will fall apart without steel - deputy chairman
Thyssenkrupp should stay in the steel industry, its deputy supervisory board chairman said, in a challenge to the broader management view that no option has been ruled out for a division under pressure from weak demand. "If you take out steel, the company falls apart," Juergen Kerner, who also serves as chief treasurer of IG Metall, Germany's largest union, told journalists in Munich in comments embargoed for Thursday.

Jul 24 - Petropavlovsk CEO says "business as usual" despite boardroom battle
A boardroom battle for control of Russian gold miner Petropavlovsk should not have an impact on the company's performance and so far has not affected its operations, the group's chief executive said on Thursday. Petropavlovsk, which has a history of such conflicts is embroiled in another stand-off between a group of shareholders that voted out half of its directors last month, and the old board, which challenged the validity of the vote.  

Jul 24 - Petra Diamonds full-year revenues drop 36%, COVID-19 weighs
Petra Diamonds shares fell on Thursday after it reported selling 23% fewer diamond carats for 36% less revenue in the year to June 30 as the COVID-19 pandemic dealt a fresh blow to a struggling diamond industry. Petra sold 2.9 million carats in its full-year 2020, down from 3.7 million in the previous year, while revenues dropped to $295.8 million from $463.6 million. 

Jul 24 - Streams of acid from abandoned Russian mine burn mountains yellow and red
Russian prosecutors have launched an investigation into a toxic leak from a mine abandoned 16 years ago in the Ural mountains, after images from the area showed a landscape burnt bright shades of red and yellow by streams of chemical waste. The mine and its impact on the surrounding area came to renewed public attention this year after a popular blogger shared pictures of the site.

Jul 23 - Fear factor: Investors rush into gold and other havens as stocks near highs
Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic. Prices for gold are up 22% this year and stand near record levels, as the metal draws investors seeking shelter from a potential reversal in stocks. 

Jul 23 - 'Please mine more nickel,' Musk urges as Tesla boosts production
Tesla Inc boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company's electric cars, warning the current cost of batteries remained a big hurdle to the company's growth. "Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way," Musk said on a post-earnings call on Wednesday.

Jul 23 - Silver refuses to be left behind by gold's bull run
Silver prices have risen around 15% this week to seven-year highs that some analysts see as the start of a bull run powered by low interest rates, resurgent investment demand, disrupted production and a recovery in industrial consumption. At $22 an ounce, prices have almost doubled from a low of $11.62 in March. Silver's performance this year now exceeds that of gold, which has leapt 22% in 2020 towards record highs above $1,800 an ounce.

Jul 23 - Chile's Antofagasta, Zaldivar mine workers extend contract talks to avoid strike
One of the world's largest copper producers, Chilean miner Antofagasta, and workers at its Zaldivar mine decided to extend government-mediated talks for a new union contract and avoid a strike, a union source said on Wednesday night. The workers at the mine entered mediation with the government over salaries and benefits on July 15, in a last-ditch bid to stave off a strike amid a coronavirus outbreak in the South American nation. 

Jul 23 - Perfect storm in scrap is copper's hidden bull driver: Andy Home
Copper has gone from doom to boom in the space of a couple of months. The London Metal Exchange (LME) copper price collapsed to a four-year low of $4,371 a tonne in March as China's huge manufacturing sector went into partial lockdown. 

Jul 23 - India gold breaches key psychological level, dampening demand
Gold prices in India rose above the psychologically important 50,000 rupees level for the first time on Wednesday, as expectations of more stimulus to resuscitate pandemic-hit economies lifted the metal's appeal as an inflation-hedge. Local gold futures reached an all-time high of 50,085 Indian rupees ($671.61) per 10 grams on Wednesday, taking their gains to 28% in 2020 after rising a quarter in 2019.

Jul 23 - Mining gear maker Epiroc expects pandemic to weigh on demand in near term
Swedish mining gear maker Epiroc reported on Thursday a quarterly earnings drop in line with market expectations, on the back of a steep demand fall due to the coronavirus pandemic, which it says is expected to weigh on demand in the near term. Second-quarter operating earnings at Epiroc fell to 1.42 billion Swedish crowns ($160 million), down from 2.26 billion crowns in the year-earlier quarter, matching the mean analyst forecast according to data from Refinitiv.

Jul 23 - BHP labels $6.3 bln UK case over Brazil dam failure pointless
Anglo-Australian miner BHP dismissed as pointless and wasteful a 5 billion pound ($6.3 billion) English lawsuit by 200,000 Brazilian people and groups over the 2015 collapse of a dam that triggered Brazil's worst environmental disaster. Kicking off an eight-day hearing in Manchester, northern England, BHP on Wednesday called for the record group action to be struck out or suspended, alleging it duplicated Brazilian proceedings and victims were already receiving redress.

Jul 23 - Newcrest Mining quarterly output drops 13% but beats estimate
Newcrest Mining Ltd posted a 13% drop in fourth-quarter gold output on Thursday, hurt by lower contributions from both its flagship Cadia mine in Australia and Lihir mine in Papua New Guinea. Production fell to 573,175 ounces in the quarter ended June 30, comfortably beating a UBS estimate of 547,000 ounces. 

Jul 23 - Indonesia's Antam ferronickel quarterly sales up nearly 14%
Indonesia state miner PT Aneka Tambang (Antam) produced ferronickel containing 6,447 tonnes of nickel in the second quarter and sold ferronickel containing 6,867 tonnes of nickel, the company said in a statement on Wednesday. The ferronickel output dropped 0.6% compared to the same April-June period last year while sales rose nearly 14% annually, company data showed.

Jul 23 - Norsk Hydro warns of higher costs after strong second quarter
Aluminium producer Norsk Hydro's on Wednesday reported stronger than expected second-quarter earnings, but said the company faced higher production costs in the third quarter. Overall production costs of alumina, a chemical compound used to produce aluminium, fell to a four-year low of $192 a tonne in the second quarter, but rising costs were to add $15-20 a tonne in the third quarter, Norsk Hydro executives told a call with analysts. 

Jul 23 - Australia's Syrah Resources to cut 65% of jobs at Mozambique mine
Australia's Syrah Resources said it was undertaking a labour restructure at its Balama graphite project in Mozambique, including a 65% headcount reduction, as production remains suspended due to COVID-19 restrictions. The supplier of graphite products said there was no natural graphite production at the project during the second quarter, as a result of restrictions which limited the mobility of the workforce and hit demand of electric vehicles (EV) sales.

Jul 22 - Pentagon resumes rare earths funding program after review
The U.S. Department of Defense has resumed funding for two projects to process rare earth minerals for military weapons after a review found the grants are in the best interest of the U.S. government, according to documents seen by Reuters. The Pentagon on April 22 awarded Australia's Lynas Corp and privately held MP Materials funding for rare earths separation facilities in Texas and California, respectively. 

Jul 22 - Torrent of gold from Switzerland to the U.S. starts to ebb
The volume of gold moving from Switzerland to the United States to satisfy demand from investors seeking a store of value fell from record levels in June, with shipments dropping by almost half to 68.3 tonnes, Swiss customs data showed on Tuesday. Shipments from Switzerland to traditional top buyers China and India, meanwhile, remained close to zero, with no gold going to China for a fourth consecutive month. 

Jul 22 - Antofagasta maintains 2020 copper output target as quarterly production falls
Chilean miner Antofagasta on Wednesday maintained its copper production and cost targets for the year as it reported lower second-quarter output. The London-listed miner said copper production in the second quarter totalled 177,700 tonnes, a decline of 8.4% compared to the previous quarter, mainly due to expected lower grades from the Centinela mine. 

Jul 22 - Lynas rare earth output nearly halves on virus-linked plant halts
Rare earths producer Lynas Corp Ltd said on Wednesday output nearly halved in the fourth quarter, hit by coronavirus-triggered halts at its Malaysian processing plant and flagship mine in Australia. The pandemic also hit demand for rare earths, a group of 17 minerals used in everything from ventilators to iPhones to military weapons, the world's largest producer of rare earths outside China said.

Jul 22 - India gold prices hit all-time high, dampens retail demand
Gold prices in India hit a record high on Wednesday, tracking a global rally, as expectations of more stimulus to resuscitate pandemic-hit economies lifted the metal's appeal as an inflation-hedge. Local gold futures reached an all-time high of 49,996 rupees ($670.32) per 10 grams in early trade, taking their gains to 28% in 2020 after rising a quarter in 2019.

Jul 22 - China's iron ore strength cancelled out by world weakness: Russell
The iron ore market is looking increasingly bifurcated between a robust China and a lacklustre rest of the world, and the challenge is working out whether the boost from the one is enough to outweigh the drag from the other. Certainly the market pricing indicates that the China story is the more compelling, with spot prices for 62% iron ore for delivery to north China, as assessed by commodity price reporting agency Argus, trading near the highest in a year.

Jul 22 - Pandemic to sustain gold's blockbuster rally - poll
Gold prices will push towards record highs over the next 18 months as the coronavirus crisis encourages investors to hoard the metal as a hedge against possible turmoil in the wider markets, a Reuters poll showed. However, low jewellery sales in Asia and the prospect of economic recovery will hinder further gains, respondents said. 

Jul 22 - Norsk Hydro Q2 profit beats estimates on lower costs, Alunorte ramp-up
Norwegian metals maker Norsk Hydro posted a surprise rise in second-quarter earnings on Wednesday, helped by ramp-up of its Alunorte plant in Brazil and reduced costs. Hydro's underlying earnings before interest and tax rose to 949 million Norwegian crowns ($104.32 million) in the April-June period, from 875 million crowns a year earlier, exceeding the 594 million crowns expected by analysts in a poll published by the company.

Jul 22 - Tin resurgent as low stocks highlight supply disruption: Andy Home
Tin has proved remarkably resilient to COVID-19. The London Metal Exchange (LME) tin price hit a six-month high of $17,630 per tonne on Tuesday and is up 2% since the start of January.

Jul 22 - Platinum and palladium will creep higher as auto sector returns to life - poll
Analysts and traders have cut their forecasts for autocatalyst metals platinum and palladium as the coronavirus outbreak curtails vehicle sales, but they still expect prices for both to rise gradually through 2021, a Reuters poll showed. Platinum and palladium are used mainly in engine exhausts to reduce emissions. 

Jul 22 - Copper market in 86,000 tonnes deficit in Apr 2020 – ICSG
The global world refined copper market showed a 86,000 tonnes deficit in April, compared with a 3,000 tonnes deficit in March, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 4 months of the year, the market was in a 59,000 tonnes surplus compared with a 181,000 tonnes deficit in the same period a year earlier, the ICSG said.

Jul 21 - BHP hits record iron ore output but warns of risks from virus
BHP Group on Tuesday posted a 7% rise in fourth-quarter iron ore output, but warned the resurgence of COVID-19 outbreaks threatened the short-term demand outlook for its key commodities and widened its production guidance range for next year. Mining companies are banking on the recent uptick in industrial activity in China, the world's top metals consumer, to support prices and insulate them from uncertainty over demand elsewhere, as global coronavirus cases continue to spike. 

Jul 21 - Mexico eager to lure firms from Asia under new trade deal
Mexico has spoken to a host of foreign companies, particularly steelmakers, in an effort to lure business from Asia to capitalize on a new North American trade deal, Economy Minister Graciela Marquez said on Monday. The U.S.-Mexico-Canada trade agreement (USMCA) took effect at the beginning of this month, replacing its quarter-century-old predecessor, as the coronavirus pandemic wallops the global economy and international trade. 

Jul 21 - POSCO's Q2 profit slumps 84.3% as coronavirus hits steel demand
South Korean steelmaker POSCO reported a drop of 84.3% in second-quarter operating profit, as the coronavirus pandemic dented steel demand, the company said on Tuesday. POSCO said it expected steel demand to recover from the third quarter but revised down its 2020 sales outlook to 55.4 trillion won ($46.24 billion) from its April forecast of 57.5 trillion. 

Jul 21 - Brazil's Vale says Q2 output rises 5.5% despite pandemic
Brazilian miner Vale SA said on Monday that its second-quarter iron ore production totalled 67.6 million tonnes, up 5.5% from a year earlier and 13.4% higher than the first quarter, despite the impact of the novel coronavirus. Vale said it was keeping its full-year outlook for iron ore fines production unchanged at 310-330 million tonnes but emphasized that the most probable scenario was for output to be at the lower end of that range.

Jul 21 - Steelmaker SSAB sees tentative demand recovery after Q2 loss
Swedish steelmaker SSAB said on Tuesday it expected market demand to pick up "somewhat" in the coming months after the deep slump due to the novel coronavirus pandemic pushed the company to report a loss for the second quarter. The company reported an operating loss for the second quarter of 251 million Swedish crowns ($28 million), from a profit of 1.32 billion crowns a year earlier. 

Jul 21 - U.S. Army Corps poised to recommend approval of Alaska's Pebble Mine
The U.S. Army Corps of Engineers is poised to give its blessing later this week to an Alaska copper and gold mining project the Obama administration tried to block because of concerns it could harm the state's salmon industry. A final environmental impact statement (EIS) recommending development of Northern Dynasty Minerals Ltd's Pebble Mine will be released on Friday, with a notice scheduled to be published in the Federal Register, Dave Hobbie, regulatory chief for the Army Corps's Alaska District, said in a Monday telephone news conference.

Jul 21 - Insolvent German lead producer Weser-Metall halts output
Insolvent German lead producer Weser-Metall stopped production over the weekend, the company said. Weser-Metall GmbH in Nordenham produces about 105,000 tonnes of lead annually and is one of Europe's main lead producers.

Jul 21 - Mexican miner Autlan registers 85 coronavirus cases
Mexican mining company Compania Minera Autlan has registered dozens of cases of the novel coronavirus in the central state of Puebla, an official and the company said on Monday, making it one of the worst clusters by a single company in the country. Carlos Peredo, mayor of the Teziutlan municipality, where the Autlan unit is located, said company executives informed him last week of 84 confirmed cases and an additional "pneumonia" case.

Jul 20 - Australia's South32 Q4 manganese output eases, to take impairment charge
South32 Ltd on Monday posted a smaller-than-expected drop in fourth-quarter manganese ore output and said it would book a near $100 million non-cash impairment charge on its manganese alloy smelters owing to lower economic viability. The world's largest producer of manganese ore produced 1.23 million wet metric tonnes (wmt) of the commodity in the quarter ended June 30, compared with 1.29 million wmt a year earlier. 

Jul 20 - Thyssenkrupp to explore further options for boosting finances - memo
Thyssenkrupp is seeking new ways to strengthen its balance sheet, including through state aid programmes, after its finances took a hit during the coronavirus crisis, according to a company memo seen by Reuters on Friday. Proceeds of 17.2 billion euros ($19.6 billion) from the sale of an elevator unit to a consortium led by Advent and Cinven in February, would only provide a short reprieve for the group, management said in the memo to staff dated July 17.

Jul 20 - Lithium Australia to refocus on battery recycling, cuts jobs amid coronavirus impact
Lithium Australia NL said on Monday it would refocus operations on "revenue-generating" battery recycling and sales, cutting costs and jobs as its seeks to weather a slump in raw materials prices exacerbated by the coronavirus pandemic. In a stock exchange filing, the Perth-based firm forecast "significant revenue" from its battery businesses in fiscal 2021, without disclosing exact numbers. With a market value of about $20 million, the firm reported an operating loss after income tax for the half December 2019 of just over A$3 million ($2.10 million). 

Jul 20 - Zambia's state investment arm be operator of mines in future, says govt
Zambia's state-owned investment arm will run mines as an operator rather than a minority investor in future investments, a executive said on Sunday, as the government seeks a more active role in mining assets it holds. ZCCM-Investment Holding (ZCCM-IH), controlled by Industrial Development Corporation (IDC), is a mining investment arm of Africa’s second largest copper producer.

Jul 20 - Speculators cut bullish bets on COMEX gold - CFTC
Hedge funds and money managers reduced their bullish positions in COMEX gold and increased them in silver contracts in the week to July 14, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped their net long position in copper futures and options, the CFTC data showed.

Jul 20 - China's lead inventories hit highest since January, copper up
Lead inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) jumped to their highest level since January, while copper stocks rose for their third consecutive week, exchange data showed on Friday. In the week ended July 17, lead stocks in ShFE warehouses surged 50% to 40,547 tonnes, a level unseen since Jan. 10.

Jul 20 - Vale says $1.5 bln legal deposits suspended in Brumadinho case
Brazilian miner Vale SA said on Friday that a new court decision had suspended 7.9 billion reais ($1.5 billion) in legal deposits that had been previously required in a case related to the collapse of a dam in Brumadinho last year.

Jul 17 - Rio Tinto posts strong Q2 iron ore shipments, sees China demand recovery
Rio Tinto on Friday reported a 1.5% rise in iron ore shipments for the second quarter and said demand for the steelmaking ingredient was improving in China as its economy recovers from the coronavirus outbreak. The world's largest iron ore miner shipped 86.7 million tonnes of the commodity in the quarter ended June 30, beating a Vuma consensus of 84.1 million tonnes, and up from 85.4 million tonnes a year earlier.

Jul 17 - Copper prices seen rising more, but so are risks - HKEX Forum
Tight supply could mean a strong rally in copper prices is likely to continue in the second half of 2020, but downside risks are also rising, speakers at the HKEX Commodities Forum said on Thursday. Benchmark three-month copper on the London Metal Exchange hit a 25-month-high at $6,633 a tonne this week, erasing all losses caused by the coronavirus pandemic and the prolonged U.S.-China trade war combined.

Jul 17 - Drivers of iron ore's strong rally may be running out of puff: Russell
Spot iron ore for delivery to north China is trading near the highest levels in a year, but its stellar performance is starting to look stretched as some of the drivers of the rally start to moderate. Benchmark spot 62% iron ore, as assessed by commodity price reporting agency Argus, ended at $112.15 a tonne on Wednesday, just down from $112.40 the prior day, which was the highest since August last year.

Jul 17 - Barrick sees 15% drop in quarterly gold output on COVID-19 hit, dispute
Barrick Gold Corp said on Thursday it expected a 15% decline in second-quarter gold production due to coronavirus-induced disruptions at an Argentinian mine and a dispute in Papua New Guinea. Global miners have had to wind down operations in certain mines during the quarter to comply with government-mandated measures to contain the rapid spread of coronavirus infections.

Jul 17 - Zambia rejects Glencore copper mine's suspension plan
Glencore's Zambia subsidiary Mopani Copper Mines on Thursday said the country's mines ministry rejected its proposal to suspend operations because of low copper prices and disruptions caused by the coronavirus crisis. Mopani said it would appeal against the decision and will continue mining operations pending the outcome of the appeal process.

Jul 17 - Papua New Guinea may let Barrick reopen mine if court case dropped
Papua New Guinea Prime Minister James Marape said his government would be willing to work with Barrick Gold Corp to reopen the Porgera gold mine if the Canadian company withdraws its court action against the state. Barrick stopped production at Porgera and sued the Papua New Guinea (PNG) government after it refused to extend the mine's expired lease in April because of community unrest and pollution concerns.

Jul 17 - Anglo sticks to 2020 output goals after COVID-induced Q2 slump
Global miner Anglo American is ramping up metals and diamond production to hit full-year targets it set in spring, it said on Thursday, as it reported a sharp slump in second quarter output caused by the coronavirus. The firm said the targets were dependent on the course taken by the pandemic, which is spreading fast in South Africa where it make around half of its profits, while a drought in Chile affecting its largest copper mine shows little sign of ending.

Jul 17 - Global nickel market widens its deficit in May - INSG
The global nickel market surplus widened to 9,000 tonnes in May from an an overhang of 5,100 tonnes the previous month, the International Nickel Study Group (INSG) said on Thursday. For the first five months of this year, there was a global surplus of 57,300 tonnes compared with a deficit of 31,600 tonnes in the same period of 2019, Lisbon-based INSG added.

Jul 17 - Brazil's Vale says no decision taken on resuming dividends - filing
Brazilian mining company Vale SA said it has yet to make any decisions on resuming dividend payments, according to a filing on Thursday. Earlier this month, Chief Financial Officer Luciano Siani had told investors the company was ready to pay dividends again, but did not specify when that would occur. Vale suspended dividend payments after the 2019 collapse of its dam in the town of Brumadinho, which killed hundreds of people.

Jul 17 - Nigeria hopes gold mining reforms can bring in $500 mln a year
Nigeria hopes changes it has made to gold mining regulation will earn the government $500 million a year in royalties and taxes and create 250,000 jobs, President Muhammadu Buhari said on Thursday. The reforms have made artisanal mining legal and will create gold buying centres and tax trade of the precious metal, Buhari said in a statement.

Jul 17 - Russia's Nornickel to cooperate with Russian Platinum on Arctic deposit
Russian mining giant Norilsk Nickel (Nornickel) and Russian Platinum, backed by Russian businessman Musa Bazhaev, will cooperate in developing the Chernogorskoye platinum group metals deposit in Siberia, they said on Thursday. The agreement is another attempt by the companies to cooperate after their talks about creating a joint venture for the larger Arctic palladium project failed to get an approval from one of Nornickel's shareholders amid the COVID-19 pandemic.

Jul 17 - Australian mining magnate Clive Palmer charged over alleged fraud
Australian mining magnate and former politician Clive Palmer was charged with breach of directors' duties and fraud for conduct dating back to 2013, the country's corporate regulator said on Friday. Palmer, a former member of parliament who ran for re-election unsuccessfully in 2019, allegedly used his position as a director of his mining company, Mineralogy, to gain benefits for two companies, according to the statement by the Australian Securities and Investments Commission (ASIC).

Jul 16 - China daily crude steel output hits new record in June on robust demand
China's daily crude steel output rose 2.4% in June from a month earlier, official data showed on Thursday, setting a second straight monthly record as mills cranked up production on robust construction activity and a pick-up in manufacturing. Output in the world's top steel producer hit 91.58 million tonnes last month, or 3.05 million tonnes a day, data from the National Bureau of Statistics (NBS) showed.

Jul 16 - Barrick cuts power supply at PNG mine amid legal standoff
Barrick Gold Corp will reduce power supply to townships near its Porgera gold mine in Papua New Guinea, the mine's operator said on Thursday, to save costs amid a deepening standoff with the government over mining rights. Canada's Barrick, the world's second-biggest gold miner, was refused an extension of its expired lease on the mine in April, with the government citing unrest and pollution concerns.

Jul 16 - China aluminium output rises in June, daily output at a record
China's primary aluminium production rose to its highest in six months in June, with daily output reaching record levels, as domestic prices extended their stellar rally and new smelting projects ramped up to cash in. The National Bureau of Statistics said the world's biggest aluminium producer churned out 3.02 million tonnes of the metal last month up from 2.977 million tonnes in May. It was 0.8% higher than June last year.

Jul 16 - Red-hot copper to lose steam as investors assess hard facts - poll
A sizzling rally that pushed copper prices to two-year highs will lose some of its heat in coming months as investors take a hard look at supply and demand fundamentals, a Reuters poll showed. Benchmark copper rocketed higher from its lowest in more than four years in March, with investors cheered by stronger demand in China and concerned about possible mine shutdowns.

Jul 16 - Anglo sticks to most 2020 output targets despite second quarter COVID-19 hit
Global miner Anglo American on Thursday stuck to its full-year guidance for copper, other metals and diamonds even as it posted an 18% decline in overall second quarter output due to coronavirus lockdowns. In the three months to the end of June, production of diamonds, platinum, palladium, iron ore, coal and manganese fell, while copper and nickel rose.

Jul 16 - Drivers of iron ore's strong rally may be running out of puff: Russell 
Spot iron ore for delivery to north China is trading near the highest levels in a year, but its stellar performance is starting to look stretched as some of the drivers of the rally start to moderate. Benchmark spot 62% iron ore, as assessed by commodity price reporting agency Argus, ended at $112.15 a tonne on Wednesday, just down from $112.40 the prior day, which was the highest since August last year.

Jul 16 - China raises annual rare earth mining quota to record high in 2020
China hiked its mining quota for rare earth minerals by 6.1% in 2020 to a record annual high, the natural resources ministry said, as the country seeks to ramp up production of the prized minerals. China is the world's dominant producer of rare earths, a group of 17 minerals used in everything from consumer electronics to military equipment. The quotas are closely watched as a supply indicator and typically issued twice a year.
Jul 16 - U.S. rare earths miner MP Materials to go public in $1.47 bln deal
U.S. rare earths miner MP Materials will go public in a $1.47 billion deal by merging with a private-equity backed blank-check company, underscoring Wall Street's rising interest in efforts to boost production of the strategic minerals. The listing on the New York Stock Exchange would be the first for a U.S. rare earths company since Molycorp went public a decade ago. Molycorp filed for bankruptcy in 2015 and MP Materials bought California's Mountain Pass mine and other Molycorp assets in 2017.

Jul 16 - Russia's Nornickel board to discuss Rusal demands this month
The board of Russia's Norilsk Nickel on Wednesday said it would discuss demands from its major stakeholder Rusal later this month for it to overhaul its environmental policies and change its management after a fuel spill in Siberia. Russia's environmental watchdog demanded Nornickel, the mining giant, pay damages of 148 billion roubles ($2.1 billion) after 21,000 tonnes of diesel leaked into rivers and subsoil on May 29 in the remote Arctic city of Norilsk.

Jul 16 - China's June coal output falls 1.2% y/y over illegal mining checks
China's coal output dropped 1.2% in June on the year to 330 million tonnes, official data showed, as major coal mining areas cracked down on illegal mining to improve safety conditions. For the first half, China churned out 1.81 billion tonnes of coal, up 0.6% year-on-year, data from the National Bureau of Statistics showed on Thursday.

Jul 16 - Anglo Asian's Azerbaijan H1 gold output down 18.8%, keeps outlook 
Azerbaijan's leading gold mining company, Anglo Asian Mining Plc, kept its 2020 guidance on Thursday as it reported an 18.8% decline in first-half gold output to 27,922 ounces. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.

Jul 16 - Workers at Antofagasta's Zaldivar copper mine in Chile enter mediation to stave off strike
Chile's Antofagasta and unionized workers at its Zaldívar mine entered into mediation with the government on Wednesday in a last-ditch effort to stave off a strike amid a coronavirus outbreak in the South American nation. Workers at the mine voted in favor of a walk-off late last week after rejecting a new contract offer, which they said had stripped some current benefits.

Jul 16 - U.N. urges Venezuela to dismantle criminal gangs running gold, bauxite mines
Some gold, diamond and bauxite mines in the Venezuelan Amazon are largely controlled by criminal gangs who exploit, beat and even kill workers, a United Nations investigation has found. Venezuelan security and military forces fail to prevent crimes and have participated in some violence against miners, the U.N. human rights office said in a report on Wednesday.

Jul 16 - Canada's Cornerstone looks to replace BHP-backed SolGold's board
Canada's Cornerstone Capital Resources Inc said on Wednesday it would urge SolGold Plc shareholders to replace the company's entire board, a day after rejecting the UK-listed miner's takeover offer for a second time. Cornerstone has an 8% stake in SolGold, making it the BHP-backed company's fourth-biggest shareholder.

Jul 15 - BHP faces first step in $6.3 billion UK claim over Brazil dam failure
More than 200,000 Brazilian people and groups will next week kick off a 5 billion-pound ($6.3 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster. The group claim, one of the largest in British legal history, has been brought on behalf of Brazilian individuals, businesses, churches, organisations, municipalities and indigenous people and will open in Manchester on July 22.

Jul 15 - Declining copper stocks help create premium for LME's cash contract
Dwindling stocks of copper in warehouses registered with the London Metal Exchange and worry about supplies from top producer Chile have boosted prices of the metal for nearby delivery. Since the start of July, the LME's cash copper contract has regularly traded at a premium over the three-month contract, compared with a discount for the last 14 months.

Jul 15 - Funds buy into a copper rally fuelled by China and Chile: Andy Home
Hedge funds are starting to buy into the rally in copper, which continues to build upside momentum. London Metal Exchange (LME) copper hit a two-year high of $6,633 per tonne on Monday. At a current $6,490, it is now up 5% on levels at the start of the year, having clawed back all its COVID-19 losses. Funds have built significant long positions on the CME copper contract for the first time this year and net money manager positioning is now the most bullish it's been since June 2018.

Jul 15 - China's Yunnan to help firms stockpile 110,000 tonnes of copper
China's Yunnan province will help key companies stockpile up to 110,000 tonnes of copper, the provincial industry and information technology department said on Wednesday, as part of efforts to boost its economy hit by the coronavirus outbreak. The move is a part of Yunnan's decision to help businesses stockpile 801,570 tonnes of metal via cheaper financing and subsidised storage rates, and the province has already pledged 1 billion yuan ($142.80 million) for the whole drive.

Jul 15 - Nickel developer Australian Mines gets state loan offer, shares rocket 60%
Australian Mines Ltd said on Wednesday the government of Queensland state has offered the mine developer a financial support package for its Sconi cobalt-nickel-scandium project, sending its shares soaring about 60%. The company said in a statement that the state support package, a part of Queenland's Jobs and Regional Growth Fund, specifies that Australian Mines needs to find a buyer by Sept. 30 for 100% of the nickel and cobalt sulphate to be produced from the project.

Jul 15 - China's Dalian exchange exempts transaction fees for futures deliveries from Aug-March 2021
China's Dalian Commodity Exchange said it will exempt the transaction fees for deliveries of all its futures contracts, it said on Wednesday. The exemption period will be from Aug. 1 to March 31, 2021, said the exchange in a statement on its website.

Jul 15 - Japan's JX aims to boost Chile copper mine output by 13% in 3 yrs
Japan's JX Nippon Mining & Metals plans to boost annual copper output at its Caserones mine in Chile by 13% in the next three years, aiming to book an annual net profit by 2022/23, its president Seiichi Murayama said. The Japanese miner and smelter, owned by Eneos Holdings, which was formerly known as JXTG Holdings, is also looking to invest in rare metal mines, Murayama told reporters on Tuesday.

Jul 15 - Lundin defends early retirement package for Chile's Candelaria workers
Chile's Candelaria copper mine, run by the Canadian firm Lundin Mining Corp, on Tuesday rejected claims by the mine supervisors´ union that it is planning to lay off workers, saying the claim relates to the offer of an early retirement package for older workers. The supervisors' union said on Monday the miner would cut 7% of its workforce in a belt-tightening exercise at a time when the mining industry is feeling the pinch from constraints placed on their operations aimed at limiting the spread of the virus. 

Jul 15 - Russia's Rusal seeks management changes at Nornickel after fuel spill
Russian aluminium giant Rusal has asked the board of Norilsk Nickel (Nornickel), in which it has a major stake, to change its management and overhaul its environmental policies after a fuel spill in Siberia. Russia's environmental watchdog demanded Nornickel pay damages of about 148 billion roubles ($2.1 billion) after 21,000 tonnes of diesel leaked into rivers and subsoil on May 29 in the remote Arctic city of Norilsk.

Jul 15 - Board of Canada's Cornerstone rejects BHP-backed SolGold's offer for 2nd time
The board of Cornerstone Capital Resources Inc on Tuesday rejected BHP-backed SolGold Plc's takeover offer for the second time, saying it undervalued the Canadian copper and gold miner. "For the second time, the Board is unanimous that SolGold's proposal substantially undervalues Cornerstone," Chairman Greg Chamandy, who has a 10% stake in the company, said in a statement.

Jul 15 - Congo gives mines month to release confined workers
The Democratic Republic of Congo has given copper and cobalt mining companies a month to stop confining workers on site away from their families to stop the spread of coronavirus, the labour minister said in an open letter. Workers have been told by managers to either stay and work or lose their jobs, civil society organisations said last month, citing miners and union representatives and demanding an end to the practice.

Jul 14 - China's June unwrought copper imports rise to record 656,483 tonnes 
China's unwrought copper imports climbed 50% in June from the previous month, customs data showed on Tuesday, buoyed by cheaper prices of overseas metal, increased manufacturing activity and scrap shortages. Imports by the world's top copper consumer were 656,483 tonnes last month, the General Administration of Customs said, the highest figure ever published for a single month according to Reuters calculations. The customs department typically publishes a joint number for the first two months of the year.

Jul 14 - China's record crude oil, copper imports are more history lesson than predictor: Russell 
China's imports of crude oil and copper surged to records in June, while iron ore hit the highest in 33 months, but the factors that drove the surge are already fading into history. There is little doubt the June trade data released on Tuesday was robust and will serve to confirm the prevailing market view that China is in the midst of a V-shaped economic recovery from the novel coronavirus pandemic. 

Jul 14 - China's June iron ore imports hit 33-month high on robust demand 
China's iron ore imports jumped 17% in June from a month earlier to hit the highest level in 33 months, customs data showed on Tuesday, fuelled by rising shipments from miners and robust demand in China. The world's biggest steel producer brought in 101.68 million tonnes of iron ore last month, surging from 87.03 million tonnes in May, data from the General Administration of Customs showed. Imports were also up 35% from June 2019. 

Jul 14 - Chilean copper giant Codelco records 3,215 cases of COVID-19; nine fatalities 
Chile's state-owned Codelco, the world's largest copper producer, has registered a total 3,215 COVID-19 infections and nine deaths due to the pandemic, the chairman of the firm said on Monday, as pressure rises on production of the red metal. Board Chairman Juan Benavides said 2,473 workers had already recovered while 37 remain hospitalized, according to comments made to a mining commission made up of lower-house lawmakers and confirmed by Codelco.

Jul 14 - London Metal Exchange shines a (little) light on shadow stocks: Andy Home 
The London Metal Exchange's (LME) new report on "shadow" stocks was greeted with a collective yawn by the industrial metals market. The exchange's attempt to throw more light on inventories "did not hold any surprises and there was not a 'sea' of hidden metal", was a typical reaction from LME brokerage Kingdom Futures. 

Jul 14 - Big Chinese copper smelters see little impact by floods 
Major Chinese copper smelters have so far seen limited impact, like delays in river transportation, after flooding caused by torrential rain in several provinces, including the copper hub of Jiangxi, sources and analysts said on Monday. Jiangxi province on Saturday issued its highest flood warning, while China raised its flood response alert on Sunday to the second highest level as heavy rain battered regions along the Yangtze River. 

Jul 14 - Workers at Antofagasta's Centinela copper mine in Chile vote to strike - union 
Supervisors at Antofagasta Minerals' Centinela copper mine in Chile have voted in favor of strike action after rejecting a pay offer, their union chief told Reuters on Monday. A total of 94.7% of members voted for a stoppage, which can only be confirmed after a period of mandatory government-led mediation that usually lasts between five and 10 days.

Jul 14 - India's gem, jewellery exports in record fall - trade body 
India's exports of gems and jewellery fell a record 55% in June quarter from a year ago to $2.75 billion as processing units were affected by a lockdown to curb the spread of the novel coronavirus, a leading trade body said on Monday. The country's cut and polished diamond exports in the quarter fell 50% from a year ago to $1.8 billion, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement.

Jul 14 - Australia's Whitehaven Coal beats quarterly output forecasts, shares jump 
Australia's Whitehaven Coal Ltd posted a 29% jump in fourth-quarter coal production on Tuesday, beating estimates, even as it warned that pricing pressure was likely to continue as the COVID-19 pandemic dents industrial activity. Whitehaven said in a filing that saleable coal output jumped to 6.2 million tonnes (mt) for the quarter from 4.8 mt for the same period a year earlier, helped by higher production at its Narrabri mine.

Jul 13 - Russia's Nornickel reports another fuel leak in Arctic
Russian mining giant Norilsk Nickel said on Sunday that around 45 tonnes of aviation fuel had leaked from its pipeline in the Arctic. Arctic environment security has been in the spotlight at Nornickel's assets since another leak of 21,000 tonnes of diesel from Nornickel's power plant near the city of Norilsk on May 29.

Jul 13 - Adani claims Carmichael coal win, but it's a pyrrhic victory built on subsidies: Russell
Lucas Dow, the outgoing chief executive of Adani Enterprises' Australian operations, signed off with a vigorous defence of the company's controversial Carmichael coal mine, and a spray at the venture's numerous opponents. Perhaps Dow is justified in having a go at his detractors, and it is no small feat for the Indian company to actually be constructing the Carmichael mine, in the frontier Galilee basin in Queensland state.

Jul 13 - Trading volumes show a metals world that is out of synch: Andy Home
It's been a good couple of months for the Shanghai Futures Exchange (ShFE). Volumes on its base metals contracts slumped over the first quarter of this year as China went into COVID-19 lockdown and manufacturing activity ground to a near halt.

Jul 13 - Indonesia group seeks judicial review over new mining law
A group made up of activists and regional officials submitted on Friday a request for a judicial review of Indonesia's mining law at the Constitutional Court, arguing there had been a failure of procedures before the law was approved by parliament in May. The group, which includes the governor of Indonesia's main tin mining region Bangka Belitung province, believe the bill failed to comply with a number of law-making rules, their representatives said.

Jul 13 - Canada's Triple Flag, China's CMOC agree to streaming deal for Australian mine
Mine financing company Triple Flag Precious Metals Corp said on Sunday it has agreed to pay $550 million upfront as part of a streaming financing deal with China Molybdenum Co Ltd (CMOC) for future production of precious metals at CMOC's Northparkes mine in Australia. Streaming transactions are a type of alternative financing in the mining industry where funds are provided upfront to a miner in exchange for the sale of a fixed amount of future production of metals at a discounted price.

Jul 13 - Workers at Antofagasta's Zaldivar copper mine in Chile vote to strike - union
Workers at Antofagasta Minerals's Zaldivar copper mine in Chile have voted in favour of strike action after rejecting a pay offer, the mine's union said on Friday.  The union said in a statement that 99% of its members had rejected a collective pay offer and a strike had been set for July 15, pending government mediation.

Jul 13 - Speculators raise bullish bets on COMEX gold, silver - CFTC
Hedge funds and money managers increased their bullish positions in COMEX gold and silver contracts in the week to July 7, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped their net long position in copper futures and options, the CFTC data showed.

Jul 13 - Barrick Gold sends dispute notice to Papua New Guinea over Porgera mine
Canadian miner Barrick Gold Corp said on Friday it served a dispute notice to the Papua New Guinea (PNG) government over the country's refusal to extend a mining lease in the Porgera valley. The company said the notice was sent by its subsidiary Barrick (PD) Australia Pty Limited, an investor in the Porgera mine, citing a violation in a bilateral investment treaty between PNG and Australia as well as international law governing foreign investment.

Jul 13 - China's June refined nickel output rises 10.8% y/y - Antaike
China's June nickel cathode output rose 10.8% year on year to 15,099 tonnes, Antaike, the research arm of the country's nonferrous metals association, said on Friday. The total, which included 13,000 tonnes from top producer Jinchuan Group, was up 5.4% from May, Antaike said.

Jul 10 - Gold to benefit if China recovers strongly from second virus wave - Goldman 
Goldman Sachs expects gold to benefit if China, the world's top retail buyer, recovers much strongly from a second wave of COVID-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices. The Wall Street bank recommended maintaining long positions in copper, silver, steel and gold, which are "both less exposed to areas with new outbreaks — Asia and Europe versus the Americas — and less exposed in the event of an outbreak."

Jul 10 - Russia's Nornickel fights cover-up accusations over Arctic oil spill 
Pressure is mounting on Russian mining company Norilsk Nickel over an Arctic oil spill that has wiped about 17% off its share price, left it with a hefty compensation bill and exposed it to accusations of covering up the full extent of the damage. Nornickel, as it is better known, denies the cover-up allegations by green campaigners, a regional governor and a former official at Russia's environmental watchdog, who have spoken out publicly and, in some cases, published tests, photographs and witness accounts to support their allegations.

Jul 10 - Japan Q3 aluminium premium falls to $79/T as COVID-19 hits demand 
The premium for aluminium shipments to Japan for July to September was set at $79 per tonne, down 3.7% from the prior quarter as the coronavirus pandemic collapsed manufacturing activity, four sources directly involved in the pricing talks said. The premium has come down from $82 per tonne paid in the April-June quarter, making its fourth straight quarterly drop. It is also the lowest since the October-December quarter in 2016 and down from initial offers of $85 producers made. 

Jul 10 - LME nickel price immune for now to surplus of alloys 
Shrinking nickel demand and a large surplus are unlikely to push London Metal Exchange prices lower as excess metal is in alloys which cannot be delivered against contracts on the exchange. Benchmark LME nickel prices at around $13,500 a tonne are at their highest since late January and up about 25% since March when COVID-19 lockdowns saw economic activity slump.

Jul 10 - Small China copper smelters shut as big get bigger-satellite data 
Large copper smelters in China are boosting output and taking market share from smaller ones that are closing, data from satellite surveillance of copper plants showed. Overall smelting activity in China, the world's top refined copper producer, was only slightly down in June month on month despite a large number of closures, a joint statement from satellite service SAVANT and broker Marex Spectron said on Friday. 

Jul 10 - Sacred sites blast exposes Australia's laws skewed to mining 
When mining giant Rio Tinto blew up two ancient caves in Western Australia's iron-ore rich Pilbara with state approval, the destruction was met with anger from indigenous landowners for whom the sites were of deep cultural and sacred importance. The blasts in late May became one facet of the Black Lives Matter protests in Australia, which saw thousands of people demanding an end to racial inequality in a country where Aboriginal groups have long suffered higher rates of imprisonment, unemployment and lower life expectancy.

Jul 10 - London Metal Exchange begins push for transparency on metal inventories 
The London Metal Exchange on Thursday started its push for more transparency on metal availability by publishing, for the first time, stocks of metal in its global storage network that could be put on warrant and traded on the exchange. Currently, of most interest are off-warrant stocks for aluminium, which are at 1,004,227 tonnes in warehouses registered to issue LME warrants, according to data collected by the LME and published on its website.

Jul 10 - Australia ships record volume of iron ore to China in June 
Australia's shipments of iron ore to China from the world's top export hub of Port Hedland climbed to a record of 46.2 million tonnes in June, data from the port authority showed on Friday. Shipments rose by 7% from May's figure of 43.18 million tonnes, and were up by 10% from the same month last year, the data showed.

Jul 10 - Foreign mineworkers return to South African mines after lockdown 
Foreign mineworkers have begun returning to South African mines, though at a slower rate than hoped, as the industry rebuilds output after the easing of the coronavirus lockdown, the Minerals Council said on Thursday. Mines in South Africa, the world's biggest producer of platinum and chrome and a major gold and diamond producer, have been raising output after the virus restrictions, which caused some migrant mineworkers return to their home countries.

Jul 10 - Zambia copper production rises to 342,734 tonnes in first five months of 2020 - govt 
Zambia's copper production increased to 342,734 tonnes in the first five months of this year, from 330,024 tonnes in the same period of 2019, the ministry of mines said on Thursday. Copper production was projected to continue rising in the third and fourth quarters of 2020 in line with rising prices driven by factors including growing production of electric vehicles that rely on copper.

Jul 09 - Rio Tinto to shutter NZ aluminium smelter, putting jobs and economy in peril 
Rio Tinto said on Thursday it will close its aluminium smelter operation in New Zealand due to high costs and a challenging market, putting over a thousand jobs on the line and dealing a blow to the country's top power producers. The closure of the New Zealand Aluminium Smelters venture, which is the country's single largest power user, comes amid forecasts of massive job losses and a looming recession in New Zealand, with the economy crippled by tough restrictions to beat the spread of the coronavirus.

Jul 09 - Gold storms past $1,800 towards new record high 
Gold pushed above $1,800 an ounce on Wednesday for the first time since 2011, with analysts expecting further gains as investors stock up on an asset they expect to hold its value while the coronavirus convulses the global economy. Spot gold prices have surged 40% in the last 14 months and are within striking distance of 2011's record high of $1,920.30 an ounce.

Jul 09 - LME trading floor to stay closed despite Britain's lockdown easing 
The easing of social distancing in England will not allow the London Metal Exchange (LME) to reopen its open-outcry trading floor, which has been closed for more than three months, the exchange said on Wednesday. The exchange, the world's oldest and largest market for industrial metals, said last month it would examine whether it could reopen the floor, known as the ring, after the government announced less strict social distancing rules, which took effect on July 4.

Jul 09 - Russia's Nornickel disputes $2 bln Arctic spill damages claim 
Russian mining giant Norilsk Nickel (Nornickel) is disputing more than $2 billion in damages after a fuel spill which Russia's environmental watchdog has said threatens unprecedented damage to the Arctic. Watchdog Rosprirodnadzor sent a request for "voluntary compensation" of almost 148 billion roubles ($2.1 billion) to Nornickel power subsidiary NTEK this week.

Jul 09 - Indian travel curbs thwart gold smugglers, boost legal market 
Gold smuggling in India has declined as a lack of international flights thwarts grey market operators and serves to boost the premium legal importers can charge, industry officials said on Wednesday. Dealers, speaking on condition of anonymity, said the reduced supply of smuggled gold had driven Indian spot prices to a premium this week for the first time this year, adding to bullish sentiment on the gold market. 

Jul 09 - BHP´s Escondida mine in Chile offers early retirement package amid pandemic, union balks 
Global miner BHP Group Ltd said on Wednesday its Escondida copper mine in Chile, the world's largest, had offered some workers the option for early retirement amid the coronavirus pandemic, a plan blasted by the company´s union as a scheme to oust the old and sick. Escondida said in a statement to Reuters the offer would provide an "improved" package of retirement benefits to workers who met its "requirements." The company declined to detail those stipulations.

Jul 09 - China June zinc output falls y/y amid early maintenance - Antaike 
China's zinc and zinc alloy production fell 8.3% year-on-year to 396,000 tonnes in June, research house Antaike said on Wednesday, hitting its lowest monthly level since February as smelters carried out summer maintenance. Output was down by 11,000 tonnes from a revised figure of 407,000 tonnes for May, although the daily production rate increased by 0.5%, Antaike said in its monthly survey of 49 zinc smelters; June has one less day than May.

Jul 09 - Serbian steelmaker shuts furnace as pandemic hits demand 
Serbia's only steelmaker, Zelezara Smederevo, said on Wednesday it shut down one of its two furnaces due to a drop in demand caused by coronavirus crisis. In 2016, Hesteel, China's biggest steelmaker, paid 46 million euros to take over the then loss-making plant with a capacity of 2.2 million tonnes, pledging to preserve its 5,050 jobs and invest $300 million. 

Jul 09 - Aboriginal groups call for Rio to lose human rights status after caves blast 
Aboriginal and human rights groups on Thursday called for miner Rio Tinto Ltd to be stripped of its status as a human rights leader following its destruction of an Aboriginal sacred site showing evidence of 46,000 years of human habitation. With state government approval, the world's biggest iron ore miner in May destroyed two sacred caves in the Juukan Gorge in the Pilbara region of Western Australia as part of a mine expansion.

Jul 08 - Chile putting mine workers' health over copper production, minister says 
Chile's mines minister said on Tuesday there were "no silver bullets" to help the industry weather the coronavirus pandemic, but insisted the world's biggest copper producer was prioritizing workers' health to avoid the spread of infections that could further harm operations. Baldo Prokurica told Reuters that Chile's copper industry had kept the contagion rate to just 2% with a strict testing regime and by keeping half of its more than 200,000-strong workforce at home. 

Jul 08 - Gold-hungry investors drive ETF stockpile to new record in June 
Gold-backed exchange traded funds (ETFs) added 104 tonnes of the metal worth $5.6 billion to their hoard in June as investors worried about the fallout of the coronavirus outbreak rushed to buy bullion, the World Gold Council said on Tuesday.  ETFs, which store gold for investors, added 734 tonnes to their holdings in the first half of 2020 - more than in any previous full year, the World Gold Council said. 

Jul 08 - Newcrest Mining to explore options for its stake in SolGold - sources 
Australia's Newcrest Mining Ltd has hired investment bank RBC Capital Markets to explore options for its 13.57% stake in gold and copper producer SolGold, two sources said, after it contested SolGold's latest fundraising initiative. The Ecuador-focused company agreed in May a financing package of up to $150 million and a $15 million bridge loan for its Alpala project with streaming company Franco-Nevada defying Newcrest, which had urged it to raise funds via equity. 

Jul 08 - Glencore copper mine in Congo says six workers have coronavirus 
Six workers at Glencore's Kamoto Copper Company (KCC) mine in Democratic Republic of Congo's Lualaba province have tested positive for the coronavirus, KCC said on Tuesday. The copper and cobalt miner said none of the workers screened and tested presented symptoms of COVID-19, adding they are isolating at home under medical supervision. 

Jul 08 - China's Nanjing Iron & Steel seals blockchain iron ore deal with Rio Tinto JV 
China's Nanjing Iron & Steel Co Ltd said on Wednesday it has completed its first blockchain-backed trade in iron ore after booking a $16.87 million shipment of the steelmaking ingredient from a joint venture of miner Rio Tinto.  Blockchain, a digital ledger that forms the backbone of many cryptocurrencies such as bitcoin, helps to boost efficiency and transparency. 

Jul 08 - Japan July-Sept crude steel output forecast to fall 27.9% yr/yr – METI 
Japan's crude steel output is forecast to fall 27.9% in the July-September quarter from a year earlier to 17.70 million tonnes, the Ministry of Economy, Trade and Industry said on Wednesday. Demand for steel products, including those for exports, is forecast to drop 24.3% to 17.28 million tonnes in July-September compared with a year earlier, the ministry said, citing an industry survey.  Exports are forecast to decline 28.6%, the ministry said.

Jul 08 - Australian rare earth miner Lynas chairman Harding to retire 
Australian rare earth miner Lynas Corp said on Tuesday chairman Mike Harding intends to retire by September 30 after more than five years in the role. Kathleen Conlon, a non-executive director at the firm since 2011, has been elected to succeed Harding. 

Jul 08 - Canada's Lundin Gold expects output of up to 220,000 oz from Ecuador mine in 2020 
Canadian miner Lundin Gold Inc expects to produce between 200,000 and 220,000 ounces of gold this year at its Fruta del Norte gold mine in the Ecuadorean Amazon, its head told Reuters, after restarting operations last weekend. Lundin halted production in March when Ecuador's government declared a health emergency due to the coronavirus pandemic and the firm cut staffing at the site to the mininum required.

Jul 07 - China approves more scrap metal import quotas as new system slips 
China has approved its largest scrap metal import quotas since April, a government notice showed on Monday, after failing to clarify its new system for bringing in high-quality scrap material by the scheduled date.  The allowances published by the China Solid Waste and Chemicals Management Center - for 176,746 tonnes of high-grade copper scrap, 209,660 tonnes of aluminium scrap and 4,990 tonnes of steel scrap imports in 2020 - will ease fears over a shortage of supply after implementation of the new system was delayed. 

Jul 07 - London aluminium hit by flash squeeze even as stocks surge: Andy Home 
The London aluminium market was rocked by a short but severe squeeze last week. Short-position holders had to cough up as much as $20 per tonne to roll their positions a day.  This may seem strange given the world is apparently once again awash in aluminium. London Metal Exchange stocks (LME) have surged by 68% from a mid-March low of 967,325 tonnes to 1,624,775. 

Jul 07 - Russian watchdog seeks $2 bln in damages from Nornickel over Arctic fuel spill
Russia's environmental watchdog has asked a power subsidiary of Russian mining giant Norilsk Nickel (Nornickel) to pay almost 148 billion roubles ($2 billion) in damages over an Arctic fuel spill in Siberia. Rosprirodnadzor said in a statement on Monday that it had sent a request for "voluntary compensation" to the subsidiary, NTEK, after calculating the damage caused by the May 29 fuel spill. Nornickel's Moscow-listed shares fell by 5% after the watchdog's statement.

Jul 07 - Kibali's $500 million will be cleared to leave Congo 'very soon' - Barrick CEO 
Barrick Gold's Kibali gold mining joint venture in Democratic Republic of Congo will be able to get $500 million out of the country very soon, CEO Mark Bristow told Reuters on Monday.  The gold miner has been in discussions with Congo's government over how to get the money out of the country for months. A resolution was close in January, but then the COVID-19 pandemic hit, Bristow said in a telephone interview.

Jul 07 - Speculators raise bullish bets on COMEX gold, silver - CFTC  
Hedge funds and money managers increased their bullish positions in COMEX gold and silver contracts in the week to June 30, the U.S. Commodity Futures Trading Commission (CFTC) said on Monday. The speculators also upped their net long position in copper futures and options, the CFTC data showed.

Jul 07 - Some Japanese aluminium buyers agree Q3 premium at $79/T, down 3.7% from Q2 - sources 
Some Japanese aluminium buyers have agreed to pay a global producer a $79 per tonne premium for July to September shipments, down 3.7% from the previous quarter, reflecting lower demand because of the COVID-19 pandemic, three sources directly involved in the pricing talks said. Japan is Asia's biggest aluminium importer and the premiums for primary metal shipments it agrees to pay each quarter over the benchmark London Metal Exchange (LME) cash price set the pricing tone for the region.

Jul 07 - Australia's Prospect Resources picks advisor for sale of Zimbabwe lithium mine 
Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe's Arcadia Lithium mine to Russian energy firm Uranium One. Uranium One, a unit of Russia's state-owned nuclear energy firm Rosatom, agreed with Prospect last December to start talks towards buying equity in Arcadia and an offtake agreement.

Jul 06 - Chinese miners' deal frenzy seen stalling on regulatory hurdles 
Growing scrutiny by mineral-rich Australia and Canada may cut short a deal frenzy led by China's state miners and limit Beijing's role in gold sector consolidation, bankers and analysts said. Shandong Gold Mining Co and Zijin Mining Group Co Ltd have driven a wave of acquisitions from the Canadian Arctic to South America to West Africa this year.  Canada and Australia have recently tightened restrictions on investment by state-backed firms, fearing economic dislocation caused by the coronavirus pandemic will make it easier to buy strategic assets. No specific countries have been named under the revised guidelines.

Jul 06 - 'On the edge': Chile copper production at risk as coronavirus bites 
Chile's vaunted copper industry is nearing a tipping point as coronavirus explodes across the South American nation, mine workers and analysts say, laying bare the hidden costs of policies that have until now salvaged its output of the red metal. Since early April leading miners, including state-owned Codelco, BHP, Anglo American, Glencore and Antofagasta have doubled down with skeleton crews in the world's largest copper producer, churning out more amid the pandemic than the year before.

Jul 06 - Keep SMB's Congo coltan mine in supply chains, says mineral tracker 
Insecurity around Société Minière de Bisunzu's (SMB) coltan mine in Democratic Republic of Congo could get worse if it is cut out of supply chains following a deadly grenade attack there, the company running the mine's mineral tracing scheme said. Up to three people were reported killed in the attack on June 23 in Kisura village, which is on an unmined part of SMB's vast mining concession known as PE 4731. 

Jul 06 - Congo mines minister to meet with firms on confinement moratorium 
Democratic Republic of Congo mines minister Willy Kitobo Samsoni plans to meet with mining companies to agree a moratorium on confining workers to mine sites due to the coronavirus. Civil society groups last month demanded an end to mandatory mine-site confinement policies put in place by copper and cobalt mining companies to avoid coronavirus outbreaks. 

Jul 06 - Chile´s Codelco to suspend El Teniente copper mine expansion, cites pandemic 
Chile´s state-run Codelco said on Saturday it would temporarily halt construction on a new level at its flagship El Teniente mine, a move it said was necessary to combat the fast-spreading coronavirus pandemic. World top copper producer Codelco said in a statement the measure would bring the total reduction in staff at its Teniente operations to 4,500 people. The mine will continue to operate with a previously announced shift schedule of 14 days on and 14 days off to protect workers, the company said.

Jul 06 - Over 80 workers at Trevali Mining's Santander mine test positive for COVID-19 
Copper miner Trevali Mining said on Friday that a total of 82 workers have tested positive for COVID-19, the respiratory disease caused by the novel coronavirus, at its Santander mine in Peru, where operations have been suspended. The company said late in June that 19 workers at the mine tested positive during routine testing, after which the mine's operations were suspended and 298 workers on the site underwent further testing. 

Jul 06 - Small tailings dam collapses in Ecuador, communities denounce pollution
A small tailings dam associated with a mine run by Ecuadorean firm Austro Gold has collapsed, Ecuador's government said on Friday, sending mining waste into a nearby river. A retaining wall collapsed at the Armijos tailings station, located in the Camilo Ponce Enriquez area in southern Ecuador, the energy and mines ministry said. Nobody was injured.

Jul 06 - HSBC closes its industrial metals business 
HSBC Holdings Plc has decided to close its industrial metals business, it told Reuters on Friday, as Europe's largest bank pushes ahead with plans to cut around 35,000 jobs. HSBC was a small player in industrial metals. It exited the business in 2005 but had in recent years began to slowly re-enter, with around 2-3 staff in the unit.

Jul 06 - Vale CFO says dividend payments may resume depending on coronavirus pandemic 
Brazilian miner Vale SA is ready to resume dividend payments to investors and is just waiting for more certainty around the coronavirus pandemic before approving the move, Chief Financial Officer Luciano Siani told investors on Friday.  Vale has suspended dividend payments since the Brumadinho, Minas Gerais, dam burst, in 2019. The company last paid dividends in September 2018.

Jul 03 - Copper's bull run at risk as China enters slow summer season
A stunning V-shaped recovery in the price of copper is looking stretched as top consumer China enters its summer construction slowdown and fears of supply disruptions from the coronavirus have been mostly priced into the market. Benchmark three-month copper on the London Metal Exchange leapt 21% in the second quarter - its best quarter in a decade - on a strong post-virus recovery in China, fears of supply upsets, a weaker U.S. dollar and massive global stimulus.

Jul 03 - China copper smelters cut Q3 treatment charge floor - sources
China's top copper smelters on Friday cut their floor treatment and refining charges (TC/RCs) for copper concentrate in the third quarter by 3.6% from a year ago, according to two people with knowledge of the matter, amid concerns over tight supplies. The China Smelters Purchase Team (CSPT) set the treatment charge floor at $53 per tonne and the refining charge floor at 5.3 cents per pound during a video conference, said the people, who declined to be identified as the information is not public.

Jul 03 - World top copper producer Chile keeps output steady in May even as coronavirus explodes
World top copper producer Chile held its production of copper steady in May versus the previous year even as the coronavirus outbreak exploded in the South American nation, according to data released on Thursday by state copper agency Cochilco. The fast-spreading pandemic in Chile has rattled markets. The country´s Andean and northern desert deposits account for nearly one-third the world´s supply of the red metal.

Jul 03 - Rio Tinto cuts reserves at Mongolian copper project as costs rise 
Rio Tinto on Friday cut estimated reserves at its underground copper mine extension in Mongolia and confirmed it would face delays and higher costs after ground instability forced it to redesign its mine plan. Oyu Tolgoi (OT) is Rio's biggest copper growth project but has faced geological challenges. In July last year, Rio estimated the project's capital cost at $6.5 billion to $7.2 billion, as much as $1.9 billion more than its initial estimate in 2016. 

Jul 03 - A miraculous COVID-19 recovery but Dr Copper needs more tests: Andy Home 
Doctor Copper has staged a miraculous COVID-19 recovery. But with few signs the world economy is set for an equally impressive bounce back, he needs to remain under observation for any sign of a relapse. London Metal Exchange (LME) three-month copper ended the first half of the year at $6,015 per tonne, up a whopping 38% from March lows and only 3.0% shy of the level at which it started 2020.

Jul 03 - Chile´s Codelco warns more restrictions on copper mines would be 'catastrophic' - report
Chile´s state-run Codelco, the world´s top copper producer, warned on Thursday any move to ramp up restrictions on its mines amid the coronavirus outbreak would be "catastrophic" for the country, the company´s chief executive said in an interview in a local daily newspaper. CEO Octavio Araneda said the miner, which turns over all its profits to government coffers, had acted quickly and proactively to contain the virus, despite increasing criticism from unions and politicians in recent weeks.

Jul 03 - Antofagasta reaches early copper supply deals with China smelters
China's top two copper smelters clinched copper concentrate supply deals with miner Antofagasta for the first half of 2021, two sources with direct knowledge of the matter said on Thursday. Jiangxi Copper and Tongling Nonferrous signed agreements to take concentrate, or partially processed copper ore, from the Chilean miner after a recent round of talks, the sources said.

Jul 03 - Death toll rises above 160 in Myanmar jade mine collapse
The death toll in a landslide at a jade mine in northern Myanmar has risen above 160, with more feared dead, authorities said on Friday, as search efforts continued for a second day. A heap of mining waste collapsed into a lake on Thursday and buried many workers under mud and water.

Jul 03 - Australia's Metals X to sell copper assets as shareholder fight leads to cash crunch
Australia's Metals X Ltd is looking to sell its entire copper portfolio after issues with a shareholder hindered the company's ability to repay debt, the diversified miner said on Thursday. The copper assets include the Paterson exploration project, for which Metals X signed a farm-in agreement last month with nickel miner IGO Ltd, Nifty copper operation and Maroochydore copper project - all located in Western Australia.

Jul 03 - China's Chalco shuts down 10% of its alumina capacity
Aluminum Corp of China Ltd, known as Chalco, said on Thursday it would implement "flexible production", a phrase used to refer to output cuts, at three alumina production lines accounting for about 10% of its total capacity. Chalco is the world's biggest supplier of alumina, the substance used to make aluminum, with an annual capacity of 18.86 million tonnes, according to its annual report, which adds that it produced 13.8 million tonnes in 2019.

Jul 03 - India's June gold imports plunge on record price, lockdown
India's gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world's second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.7 tonnes a year ago, the source, who asked to remain anonymous since he is not authorised to speak to the media, said on Thursday.

Jul 03 - Nornickel draws up permafrost monitoring plan after Arctic fuel spill
Russia's Norilsk Nickel, a major global nickel and palladium producer, has prepared a long-term programme to monitor permafrost and remedy environmental damage after an Arctic fuel spill in its home city, it said on Thursday. A fuel tank lost pressure on May 29 and unleashed 21,000 tonnes of diesel into rivers and subsoil near Norilsk, an incident that Greenpeace has compared to the devastating 1989 Exxon Valdez oil spill off Alaska.

Jul 03 - Britain provides emergency loan to Celsa Steel
Britain agreed an emergency loan to the British arm of Celsa Steel on Thursday, designed to keep the company trading and safeguard more than 1,000 jobs, mostly at a site in south Wales. The size of the loan was not disclosed. The government said it expected to be repaid in full and that the deal depended on commitments to protect jobs and meet environmental targets.

Jul 03 - Coltan supply from SMB mine in Congo unaffected by clashes - mines minister
Activity at Societe Miniere de Bisunzu's (SMB) coltan mine in Congo's North Kivu province is continuing as normal and supply chains were not disrupted despite violent clashes last week, the region's mines minister said on Thursday. SMB has some of Africa's biggest deposits of coltan, an ore rich in tantalum, which is used widely in smartphones.

Jul 02 - CME amends its new gold contract to allow delivery in London
CME Group said it would expand delivery options for its new gold contract to include vaults in London as well as in New York after disruption to supply routes caused havoc in gold markets earlier this year. CME operates the Comex exchange, the world's biggest gold futures trading venue.

Jul 02 - BHP´s Cerro Colorado copper mine in Chile to scale down operations
Global miner BHP said on Wednesday it would begin to ramp down activity at its small Cerro Colorado copper mine in Chile amid the coronavirus pandemic which has thrown metals markets into disarray. Cerro Colorado produced 71,700 tonnes of copper in 2019, or approximately 1.2% of Chile´s total.

Jul 02 - Perth Mint sales at four-month low as demand for physical gold slumps
The Perth Mint's sales of gold products fell 30% to its lowest in four months in June as the coronavirus crisis weakened demand for jewellery, coins and minted bars, even though investors in international commodity markets sent the gold price higher. Compounding factors such as drop in footfall through jewellery stores in India, China and other markets caused by the coronavirus crisis, the mint has faced criticism over how it sources its metal.

Jul 02 - Metals have placed their bets on China, global V-shaped recovery: Russell
Metals markets appear to have made up their mind that the global economy is likely to have a V-shaped economic recovery, and that China is already in this happy condition. The prices of copper, aluminium and iron ore, on exchanges in China and elsewhere, are pointing to a consensus that the worst of the economic hit from the novel coronavirus is over.

Jul 02 - India's June gold imports plunge 86% y/y to 11 T – govt source
India's gold imports plunged 86% year-on-year in June due to record high prices and as international air travel was banned and many jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said. The world's second-biggest consumer of the precious metal imported around 11 tonnes of gold in June, down from 77.73 tonnes a year ago, the source said on Thursday. The source asked to remain anonymous since he is not authorised to speak to the media.

Jul 02 - LME seeks to boost options market with new electronic system
The London Metal Exchange (LME) launched a consultation on Wednesday about plans to boost options trading through simpler rules and a new electronic trading system. The exchange, the world's oldest and largest market for industrial metals, said in a statement it planned to develop a new electronic trading platform that would allow broader participation in options trading.

Jul 02 - China copper smelter Fangyuan says failed to fully repay 3-yr bond
Chinese copper smelter Dongying Fangyuan Nonferrous Metals Co said it had failed to repay all of its 1.5 billion yuan ($212.44 million) bond last year, as the embattled firm and its founder prepare for a legal hearing brought by a creditor. There has been "no progress on the bond repayment by the firm itself," Dongying Fangyuan said in a filing to the Shanghai Stock Exchange, where the bond was traded, without providing a reason.

Jul 02 - Brazil's Vale to relocate 50 people near dams, expanding 'safety zone' 
Brazilian miner Vale SA said on Wednesday it will relocate about 50 people near a series of tailings dams in the state of Minas Gerais to reflect concern that a wider area could be hit by a potential dam burst. Vale said in a securities filing that the move to expand the "safety zone" around the Forquilha dams in the case of a dam collapse had been taken based on more conservative studies and an "extreme" hypothesis.

Jul 02 - Most miners at Poland's biggest coal company recover from COVID-19 
Poland's biggest coal producer, state-run PGG, said on Wednesday that most of its infected miners have recovered from the novel coronavirus, as the company relies on government support to see it through the crisis. Polish coal mines have struggled with the rapid spread of the virus, with the mining region in southern Poland accounting for at least half of new daily cases throughout much of May and June. PGG had reported 1886 cases as of Wednesday.

Jul 02 - Peru mining activity tumbles in May for third straight month
Activity in Peru's mining and hydrocarbons sector plummeted 45.79% in May from a year earlier, the third straight monthly drop, the government said on Wednesday, due to a lockdown to fight the COVID-19 pandemic. Peru, the world's second largest copper producer, began a strict quarantine in mid-March, while in May the government ordered the gradual restart of some key industries, a move that allowed miners to starting ramping up production.

Jul 01 - Precious metals, biotech among Q2 fund winners as markets rebounded 
Funds that rode the market's rally to generate the highest second-quarter returns included those invested in assets such as mining stocks, energy and technology.  Global financial markets staged an impressive rebound in the second quarter despite deepening economic pain from the coronavirus pandemic, with the U.S. equity benchmark S&P 500 index clocking its strongest performance since the fourth quarter of 1998. 

Jul 01 - EU rejects calls by steel industry to cut import quotas 
The European Union made only modest changes to its measures to protect the steel sector on Tuesday, sparking an angry response from an industry that had called for reduced import quotas to head off a potential glut of inflows. The EU put in place safeguard measures in 2018 to guard against shipments redirected to Europe after Washington's imposition of 25% steel tariffs closed the U.S. market to many exporters.

Jul 01 - India gold prices hit all-time high as virus spike lifts safe-haven demand 
Gold prices in India hit an all-time high on Wednesday, tracking a global rally, as surging coronavirus cases in many countries raised the metal's safe-haven appeal. Local gold futures hit an all-time high of 48,871 rupees ($646.66) per 10 grams in early trade, taking their gains to 25% in 2020 so far. The contract had gained nearly 25% in 2019.

Jul 01 - Lead market gets a jump-start as lockdowns lift: Andy Home 
The easing of COVID-19 restrictions around the world is generating a short-term demand boost for the lead market.  Many drivers, including this columnist, have got back into their cars after weeks of lockdown only to be faced with a dead lead-acid battery.

Jul 01 - Indian private firms seen developing 15 mln T capacity coal mines this yr - minister 
India's private companies could start developing coal mines with an annual capacity of 15 million tonnes by the end of March, the country's coal minister told Reuters, a move that would end the near-monopoly of state-run Coal India. Prime Minister Narendra Modi this month officially launched the auction of 41 coal mines to companies including those in the private sector, with an annual production capacity that is nearly one third of national total output. 

Jul 01 - Russia's Polyus maintains output targets following COVID outbreak at largest mine 
Russia's largest gold producer Polyus on Tuesday confirmed its output forecasts for this year and next following a major outbreak of coronavirus at its main Olimpiada mine in Siberia, which infected nearly a quarter of workers at the site. Polyus started testing all its staff in the Siberian Krasnoyarsk region, where the mine is located, in April, and found 1,400 positive cases among its 6,000 employees and contractors. 

Jul 01 - Global nickel market surplus narrows in April to 8,800 T - INSG 
The global nickel market surplus narrowed to 8,800 tonnes in April from an downwardly revised 10,900 tonnes the previous month, data from the International Nickel Study Group (INSG) showed. For the first four months of this year, there was a global surplus of 53,900 tonnes compared with a deficit of 23,500 tonnes in the same period of 2019, Lisbon-based INSG added.

Jul 01 - Egypt says gold deposit discovered in southeast 
Egypt's Ministry of Petroleum and Mineral Resources said on Tuesday a gold deposit with estimated resources of 1 million ounces had been discovered in the southeast of the country.  The deposit lies in the concession area of the military-controlled Shalateen Mining Company in the Eastern Desert's Iqaat area, it said in a statement. 

Jul 01 - India's Jindal Steel and Power to sell Oman unit for more than $1 bln to cut debt 
India's Jindal Steel and Power Ltd (JSPL) said on Tuesday it is selling its Oman subsidiary to Templar Investments Limited in a deal valued at over $1 billion, to ease the group's debt burden. The sale still needs to be approved by JSPL's shareholders and lenders as well as India's markets regulator, but JSPL said in a statement that it hopes it will be completed within a month.

Jun 30 - China to keep issuing scrap import quotas till end-2020 - environment ministry
China's environment ministry said on Tuesday it would keep up its system of approving import quotas for solid waste, including scrap metal, until the end of 2020, in a move that will soothe concerns over imminent disruption to supply. "In the second half of the year, our ministry will continue the approval mode ... and further reduce the import volume of solid waste, including scrap metal, according to the established plan," Liu Youbin, a spokesman for the Ministry of Ecology and Environment, said at a monthly press conference.

Jun 30 - Freeport Indonesia's Jan-May copper, gold output below target - MIND ID
Freeport Indonesia's production of copper concentrate and copper ore were both below its initial targets this year, state holding firm Mining Industry Indonesia (MIND ID) told parliament on Tuesday. Freeport's January-May copper concentrate production stood at 524,492 tonnes, 85% of the 616,277 tonnes targeted.

Jun 30 - China's May gold exports via Hong Kong outpace imports for 2nd month
China's net gold imports via Hong Kong in May fell below its exports for a second straight month, but were still 85% higher than April, as domestic supply remained abundant in the top consumer amid a bleak demand outlook, data showed on Monday. Net gold imports via Hong Kong stood at minus 1.5 tonnes from the minus 10.3 tonnes in April, which was the first time imports fell short of exports since at least 2011, Hong Kong Census and Statistics Department data showed.

Jun 30 - Coal prices slammed on slumping India imports, China fears: Russell
Seaborne coal prices in Asia have plunged to the lowest in more than a decade as shipments to the region's top importers, especially India, have come under pressure in the midst of the coronavirus-led economic slowdown. The benchmark Australian thermal coal price, the weekly Newcastle Index, as assessed by commodity price reporting agency Argus, slumped to $48.14 a tonne in the week to June 26, the lowest since November 2006 and down 31% from the peak so far this year of $69.59 in mid-January.

Jun 30 - EU climate transition needs mineral miners, not coal miners
The European Union needs to transform its coal-mining regions into the source of minerals for clean technology, such as cobalt and rare earths, if it is to meet its climate goals and curb import reliance, a senior official said on Monday. The European Union has long wrestled with its dependency on imported natural resources. But the debate has gathered momentum as it seeks to use the coronavirus crisis to spur a green recovery and meet its ambitions to become a net zero economy by 2050.

Jun 30 - Voestalpine strengthens railway unit with buys in France, China, Argentina
Austrian specialty steelmaker Voestalpine said on Monday it had bought a railway switch plant in France and stakes in companies in China and Argentina to strengthen its production capacity in the railway business. With the acquisition of the French switch plant SEI.L (Societe d'Equipement Industriel.Lietaert) Voestalpine is positioning itself for orders from railway operator SNCF, which is expected make significant infrastructure investments in coming years, it said.

Jun 30 - Environmental groups propose tailings dam safety standards
Mining companies should be required to buy private insurance for tailings dams and their board of directors should be held legally responsible for any disasters, a coalition of 140 environmental groups said in a report published on Tuesday. The recommendations, which differ from standards to be published soon from a group that includes miners and investors, come as public scrutiny over tailings dams has intensified after the deadly 2019 collapse of a Brazil dam owned by Vale SA.

Jun 30 - Kirkland Lake Gold sued in U.S. over Detour purchase
Kirkland Lake Gold Ltd, the Canadian mining company, was sued on Monday in U.S. federal court for allegedly defrauding shareholders about its business plans before its C$4.1 billion (US$3 billion) purchase of Detour Gold Corp caused its stock to tumble. In a proposed class action filed in U.S. District Court in Manhattan, shareholder Stephen Brahms accused Toronto-based Kirkland of making false and misleading statements during 2019 about its risks and two key mining metrics, all-in sustaining costs and reserve grade.

Jun 29 - World agencies step in as pandemic poverty hits artisanal miners
From a $15 million World Bank fund to an experimental gold-buying project in Burkina Faso, development agencies are delivering financial aid to subsistence miners the COVID-19 pandemic has impoverished. World market prices of gold - viewed by investors as a safe store of value in uncertain times - have surged to levels last seen in 2012, and are up 16% this year.

Jun 29 - All tangled up: China confusion leaves scrap metal stranded overseas
China is dragging its feet in releasing new codes governing high-grade copper and aluminium scrap imports, leaving scrap metal firms abroad confused and without a clear way into their key market. Top metals consumer China has carried out an environmental campaign against foreign garbage in recent years, progressively restricting scrap inflows and planning a ban on all solid waste imports by the end of 2020.

Jun 29 - Chilean mines minister sees 3.5% drop in copper output as coronavirus impact grows
Chile's mines minister Baldo Prokurica on Friday cited figures projecting a decline in the country's copper output of 200,000 tonnes as a result of the growing impact of the new coronavirus on the industry.  Prokurica said the Cochilco copper commission's projection, representing around 3.5% of Chile's total 2019 production, was a best guess since the combined impact of the virus and economic fallout made it "very difficult" to predict with certainty.

Jun 29 - Shrinking aerospace demand to keep pressure on cobalt prices
Cobalt prices are at 10-month lows due to sagging demand from the electric vehicle and aerospace sectors amid the COVID-19 pandemic and look likely to slide further as airlines defer maintenance. Airlines such as Australia's Qantas, Qatar Airways and Singapore Airlines are looking to defer plane deliveries from Airbus and Boeing and this means postponed demand for cobalt and nickel alloys used in jet turbine blades.

Jun 29 - BHP completes first blockchain iron ore trade with China's Baosteel
BHP Group has completed its first blockchain trade in iron ore with China Baoshan Iron & Steel Co Ltd, in a transaction worth around $14 million. BHP and technology firm MineHub said in separate statements on Monday that blockchain - a digital ledger that forms the backbone of many cryptocurrencies such as bitcoin - would boost efficiency and transparency. They did not say whether BHP has used blockchain before for other uses.

Jun 29 - Iron ore, gold are keeping Australia's luck from running out: Russell
Iron ore and gold may seem unlikely bed fellows, but in the current coronavirus pandemic they are combining to try and hold up Australia's reputation as the "lucky country". While the country's unbroken 29-year stretch of economic growth will be ended by the pandemic, the resource sector is proving to be key in cushioning the blow and likely ensuring Australia outperforms other developed economies.

Jun 29 - Congo aims to launch state cobalt monopoly in two months, mines minister says
Democratic Republic of Congo will begin its state-controlled buying of artisanal cobalt in about two months time, having been delayed by the coronavirus pandemic, the mines minister said on Thursday. In January, the government created the Entreprise Generale du Cobalt as a subsidiary of state mining company Gecamines to purchase and market all cobalt that is not mined industrially in an effort to exert greater influence over prices.

Jun 29 - Congo president wins approval for state mining company nominees
Democratic Republic of Congo President Felix Tshisekedi won approval on Friday for his nominations to lead state mining company Gecamines, its chairman said, after they were held up by allies of Tshisekedi's predecessor for over a year. The approval from the public portfolio ministry could allow Tshisekedi to exert more influence over Gecamines, which controls minority stakes in most of Congo's largest copper and cobalt projects.

Jun 29 - Australia's South32 names industry veteran to lead Illawarra, manganese ops
Australian miner South32 on Monday promoted industry veteran Jason Economidis as joint chief operating officer (COO) and said he would head its operations at Cannington, Illawarra Metallurgical Coal and Worsley Alumina mines in the country. Economidis, who was appointed vice president of operations at Illawarra in 2018, will also manage the company's Australian manganese operations.

Jun 29 - Speculators raise bullish bets on COMEX gold, silver - CFTC
Hedge funds and money managers increased their bullish positions in COMEX gold and silver contracts in the week to June 23, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also increased their net long position in copper futures and options, the CFTC data showed.

Jun 29 - Rio Tinto reaches power supply deal with Mongolia for Oyu Tolgoi mine
Rio Tinto said on Monday that Mongolia would build a coal-fired plant that would supply power to its giant Oyu Tolgoi copper mine in the country, with construction set to start by this time next year. The Mongolian state owns 34% in the Oyu Tolgoi project, while Rio's majority-owned Turquoise Hill Resources has a 66% stake.

Jun 29 - COVID-19 hits tin and zinc supply but focus now on copper: Andy Home
COVID-19 has generated the most severe demand shock for industrial metals since the financial crisis a decade ago. The first-round impact came from the lockdown of key demand sectors such as automotive.

Jun 29 - Dutch Tata Steel workers strike at IJmuiden plant
Tata Steel factory workers went on strike for the second time in three days on Sunday to protest planned job cuts in the Netherlands, delaying a shipment to Britain, labour union FNV said. Workers have held work stoppages since June 10, but the actions were suspended last week while talks were held with Tata Steel Europe's management.

Jun 29 - Yanomami men killed by illegal gold miners in northern Brazil, tribe says
Two Yanomami men were killed with shot guns by gold rush miners on their reservation in the northern Amazon region, according to a statement released on Saturday by the tribe, the largest in Brazil that is relatively isolated from the outside world. The Yanomami are imploring Brazil's government to evict more than 20,000 miners illegally prospecting for gold on their land in the midst of the coronavirus pandemic, which has infected more than 160 and killed five members of the tribe.

Jun 26 - U.S. imposes sanctions on companies operating in Iran's metals sector 
The United States on Thursday blacklisted four companies in Iran's metals sector, as well as one German and three Emirati subsidiaries of Iran's largest steelmaker that Washington said generate millions of dollars for Tehran's metals industry. The Treasury Department said in a statement that the sales agents together generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, contributing to billions of dollars generated overall by Iran's steel, aluminum, copper and iron sectors.

Jun 26 - Chile's Codelco halts Chuquicamata smelter and refinery amid coronavirus 
Chilean copper miner Codelco said on Thursday it was suspending refinery and foundry operations at its sprawling Chuquicamata division to prevent further spread of the new coronavirus. The world's biggest copper miner said in a statement that the measure was "transitory" in nature and aimed at "reducing exposure, reinforcing preventive efforts and controls for the safety and health of people" working in the affected areas of the division.

Jun 26 - Amazon gold rush: illegal mining threatens Brazil's last major isolated tribe 
Illegal gold mining activity has risen sharply over the last five years in Brazil's indigenous Yanomami reservation in the heart of the Amazon rainforest, a Reuters review of exclusive data from satellite images shows. The Yanomami are the largest of South America's tribes that remain relatively isolated from the outside world. More than 26,700 people live within a protected reservation the size of Portugal, near the Venezuelan border.

Jun 26 - Brazil's Vale signs deal with authorities on COVID-19 monitoring at Itabira mines 
Brazilian miner Vale SA has signed an agreement on monitoring for possible coronavirus cases at its Itabira complex, a major iron ore production facility temporarily shuttered earlier this month out of health concerns, authorities said on Thursday. A number of sanitary measures including testing all workers every 21 days were agreed with labor prosecutors in Minas Gerais state and with a local court, the authorities said, adding that Vale now had 15 days to draw up the details of a virus mitigation plan.

Jun 26 - Congo aims to launch state cobalt monopoly in two months, mines minister says 
Democratic Republic of Congo will begin its state-controlled buying of artisanal cobalt in around two months, having been delayed by the novel coronavirus pandemic, the mines minister told Reuters on Thursday. In January the government created the Entreprise Generale du Cobalt as a subsidiary of state mining company Gecamines to purchase and market all cobalt that is not mined industrially in an effort to exert greater influence over prices.

Jun 26 - ArcelorMittal seeks EU support to make steel greener 
ArcelorMittal on Thursday outlined plans and costs for steelmaking processes that produce less carbon, but also called for investment support from European Union states as well as carbon border taxes. Europe's steelmakers like ArcelorMittal, are under pressure to cut carbon emissions while maintaining profitability in a market where there is fierce competition, mainly from China. 

Jun 26 - South Africa's mines record six COVID-19 deaths, 1,796 cases 
South Africa's mining industry has recorded 1,796 cases of COVID-19 with six deaths, the Minerals Council said on Thursday as mines ramp up after an extended shutdown. The sector has conducted 15,994 COVID-19 tests so far, the industry body told reporters.  The number of confirmed COVID-19 cases among mineworkers is around 1.6% of South Africa's current total of 111,796 cases.

Jun 26 - Canada's AJN Resources says only it can add lustre to Congolese gold assets 
Canada-listed junior miner AJN Resources dismissed an attempt to block the company's plan to buy five gold projects in Democratic Republic of Congo and said the country needed it to bring value to the assets. Civil society groups on Thursday called on the president and prime minister to block a draft deal announced in early February, which cabinet meeting minutes showed last week is awaiting their approval.

Jun 26 - South Africa's Harmony raises $200 million in share sale 
Harmony Gold raised $200 million after issuing more than 60 million new ordinary shares to partly fund its purchase of rival AngloGold Ashanti's last remaining South African assets, the company said on Thursday. Harmony agreed in February to buy AngloGold Ashanti's Mponeng mine, the world's deepest gold mine, and its Mine Waste Solutions assets for about $300 million.

Jun 25 - Global tailings dam standards fall short of changes sought by civil society groups
A sweeping global standard that sets out how the world's largest miners care for waste dams falls short of measures environmental and civil society groups say are needed to avert future disasters, according to a copy of the final draft seen by Reuters. A panel of industry, investor and U.N. groups has been working for more than a year on the standard, triggered by the 2019 collapse of Vale SA's Brumadinho upstream tailings dam that killed more than 250 people. The standard is not binding but the panel expects that miners will adhere to it.

Jun 25 - Inside Iran’s secret project to produce aluminium powder for missiles
At the edge of the desert in North Khorasan province in northeast Iran, near the country’s largest deposit of bauxite, sits an aluminium production complex that the government has publicly hailed as a key part of its efforts to boost output of the metal. But the site near the city of Jajarm is also home to a secret facility set up by Iran’s elite security force, the Islamic Revolutionary Guards Corps, that has been producing aluminium powder for use in its missile programme, according to a former Iranian government official and documents relating to the facility he shared with Reuters. Aluminium powder, derived from bauxite, is a key ingredient in solid-fuel propellants used to launch missiles.

Jun 25 - COVID-19 will tilt aluminium axis further towards China: Andy Home
China's giant aluminium production sector seems to have emerged unscathed from the COVID-19 crisis. The country's annualised production rose by 718,000 tonnes to 36.56 million tonnes over the first five months of this year, the latest estimate from the International Aluminium Institute (IAI) found. China's share of global output touched 57% in May. Since the IAI first started using its own assessments of Chinese production, the country has only exceeded that level a couple of times in 2018, a year of record national output. 

Jun 25 - Demand plunge will spoil gold rally, says Metals Focus
Demand for gold will weaken this year as a surge in purchases by investors will not offset a dramatic fall in consumption by jewellers, industry and central banks, an industry report said on Wednesday. Consultancy Metals Focus also predicted that gold prices would average $1,700 an ounce this year, suggesting that a rally to eight-year highs around $1,770 will stall. 

Jun 25 - Chilean copper miner Codelco hit by third COVID-19 death
Chilean state miner Codelco, the world's largest copper producer, on Wednesday reported the death of a third worker who had contracted the new coronavirus. The death will pile further pressure on the country`s economically key copper mining industry as unions seek greater protection for workers. 

Jun 25 - Australia's Orocobre warns of 53% plunge in June-quarter lithium sales volume
Australia's Orocobre Ltd on Thursday warned sales volume of lithium carbonate would more than halve in the June quarter from its flagship Olaroz mine, and brought forward its scheduled maintenance period for the Argentinian project. The miner said it expected total sales volume for the lithium by-product to be 1,600 tonnes during the April-June period, compared with 3,387 tonnes last year, as restrictions to curb the spread of the coronavirus dented production and demand for the metal.

Jun 25 - China's Ganfeng Lithium buys 6.9% stake in cobalt firm Tengyuan
China's Ganfeng Lithium, one of the world's biggest producers of the material, said late on Wednesday it would buy almost 7% in Chinese cobalt firm Ganzhou Tengyuan Cobalt New Material for 300.12 million yuan ($42 million). The move marks Ganfeng's first investment in production of cobalt, which – like lithium – is a key ingredient in rechargeable batteries for the electric vehicle industry, now booming around the world. 

Jun 25 - South Africa's Harmony raises $200 million in share sale
Harmony Gold raised $200 million after issuing more than 60 million new ordinary shares to partly fund its purchase of rival AngloGold Ashanti's last remaining South African assets, the company said on Thursday. Harmony agreed in February to buy AngloGold Ashanti's Mponeng mine, the world's deepest gold mine, and its Mine Waste Solutions assets for about $300 million. 

Jun 25 - South Africa's Implats lifts force majeure, revises 2020 output
Impala Platinum (Implats) has lifted force majeure it had declared on contracts and revised 2020 production guidance as its South African mines returned to 85% capacity following a lockdown. South Africa, the world's No. 1 platinum producer, saw mining production fall sharply in March and April, when mines were forced to shut temporarily due measures to curb the spread of the coronavirus . 

Jun 25 - Dutch Tata Steel workers suspend strike as talks resume - union
Employees at Tata Steel's Dutch factory in IJmuiden have suspended their strike action after the company indicated its willingness to talk, the CNV labour union said on Wednesday. The union said workers had given Tata two days to come up with a proposal to meet their demands after the company invited unions to return to the negotiating table.

Jun 25 - Artisanal miner in Tanzania finds large rare gemstones worth $3.3 million
A Tanzanian subsistence miner hit the jackpot on Wednesday after the government handed him a cheque for 7.74 billion Tanzanian shillings ($3.35 million) for the two largest tanzanite gemstones ever found. The two dark violet-blue gemstones, each about the size of a forearm, were discovered by Saniniu Laizer in one of the tanzanite mines in the north of the country which are surrounded by a wall to control cross-border smuggling of the gemstones.

Jun 25 - Three dead in violence at SMB's coltan mine in Congo
Three people were reported killed on Tuesday during clashes at Société Minière de Bisunzu's (SMB) coltan mine in eastern Congo, but the mine's owners and the cooperative that operates it gave diverging accounts that disputed the police role in the violence. SMB's mine near Rubaya, North Kivu province, is operated by mineworkers from COOPERAMMA, a local collective. The mine has seen an increase in deadly violence between mineworkers and police hired by SMB to oversee the site and prevent smuggling.

Jun 24 - LME to examine floor reopening after easing of UK lockdown
The London Metal Exchange (LME) will examine whether the easing of social-distancing restrictions in England from July 4 will apply to its open-outcry floor, which has been closed for three months. The 143-year-old exchange temporarily closed the floor - the last open-outcry floor in Europe - on March 23 due to COVID-19 restrictions and shifted activity to its electronic system.

Jun 24 - Lead gets lifeline as essential industries energise battery demand
Demand for lead-acid batteries from hospitals and food producers seeking more backup power during the coronavirus pandemic is helping battery and lead producers weather a collapse in orders from the auto sector. For high-quality lead producers such as Glencore's Britannia Refined Metals, Ecobat Technologies and others, the additional demand from customers outside the car industry has helped keep price discounts in check during the pandemic.

Jun 24 - Barrick to begin layoffs at PNG mine as lease dispute deepens
Barrick Gold Corp will lay off most staff at its Porgera gold mine in Papua New Guinea, the mine's operator said on Wednesday, a signal that an impasse with the government over ownership is unlikely to be resolved swiftly. Canada's Barrick, the world's second-biggest gold miner, was refused an extension of its expired lease on the mine in April, with the government citing unrest and pollution concerns.

Jun 24 - Tesla's reluctant commitment to cobalt a warning to others: Andy Home
The unpredictable Elon Musk strikes again. Just when his electric vehicle (EV) company Tesla seemed to be pivoting away from using cobalt in its batteries, it signs a long-term supply deal for the controversial metal with Glencore. This from the man who has vowed to eliminate cobalt from the Tesla product mix because of its financial cost and the reputational cost of a metal associated with child labour and poor safety conditions at artisanal mining operations in the Democratic Republic of Congo, the world's dominant producer. 

Jun 24 - Chilean mines minister calls for 'balance' between safety and keeping economy running
Chile's Mining Minister Baldo Prokurica on Tuesday underlined the need to strike a balance between protecting mine workers from the new coronavirus and keeping the economic engine of the world's largest copper producer running. Prokurica said the "indispensable" mining sector had stood down around half its workforce and tightened health protocols in response to the outbreak of the virus in Chile in March.

Jun 24 - U.S. Chamber opposes plans to reimpose tariffs on aluminum from Canada
The U.S. Chamber of Commerce on Tuesday said it firmly opposed reported plans by the Trump administration to re-impose 10% tariffs on aluminum imports from Canada this week, warning that Canada would likely retaliate against U.S. exports. The United States is planning to re-impose tariffs on aluminum imports from Canada, Bloomberg reported late on Monday, citing people familiar with the matter. 

Jun 24 - Deep sea mining could destroy undiscovered species, says Ocean Panel
Mining on the sea floor should not begin before a full assessment of likely environmental impacts can be made, a report commissioned by the High Level Panel for a Sustainable Ocean Economy (Ocean Panel) said on Wednesday. Environmentalists including Britain's David Attenborough have called for a ban on deep-seabed mining that would extract resources including copper, cobalt, nickel, zinc, lithium, and rare earth elements from nodules on the ocean floor.

Jun 24 - India levies charge on some steel imports from China, Korea, Vietnam
India has imposed an anti-dumping duty on flat rolled steel products that are plated or coated with alloy of aluminium and zinc originating in, or from China, Vietnam and South Korea, according to a government order issued on Tuesday. The duty will be in the range of $13.07-$173.10 per tonne for 5 years, according to the statement. In the last few days, India has taken steps to protect its domestic industry and push local manufacturing as Prime Minister Narendra Modi wants to make the nation self-reliant to bolster its sagging economy and create jobs.

Jun 24 - Banro agrees sale of troubled Namoya gold mine in Congo
Canadian miner Banro Corporation has agreed to sell its Namoya Mining gold mine in Democratic Republic of Congo to Shomka Resources Ltd, in which China's Baiyin International Investments has a minority stake. Banro mines in Congo's eastern Maniema and South Kivu provinces have faced several attacks by armed militia. Two of its workers were kidnapped in July 2019, the fifth in a series of such incidents since September 2016, according to a United Nations report published on June 12.

Jun 24 - China May aluminium imports more than double y/y, miss decade-high
China's aluminium imports more than doubled year-on-year in May, customs data showed on Tuesday, but failed to hit an expected decade-high after a rare pricing phenomenon made it cheaper for domestic buyers to source metal from overseas. Arrivals of unwrought aluminium imports and aluminium products into China, by far the world's biggest producer of the metal, stood at 119,145 tonnes last month, the General Administration of Customs said.

Jun 23 - Global steel output falls 8.7% in May, but China lifts production 
Global crude steel output slipped 8.7% in May to 148.8 million tonnes as many steelmakers shut operations due to the COVID-19 pandemic, even as top producer China was resilient and pumped out more of the metal. Data from the World Steel Association on Monday showed a sharp contrast between steel production in China, which has largely been lifting its lockdowns, and the rest of the world.

Jun 23 - Australia's mining lobby takes a baby step on climate change: Russell 
Australia's mining lobby group, the Minerals Council of Australia, long derided by environmentalists as coal-loving dinosaurs, has launched a climate action plan that is probably significant for what it doesn't say than what it does. On the surface the council's report looks reasonable, committing to an ambition of net zero emissions and outlining a series of actions aimed at achieving the goal.

Jun 23 - U.S. plans to slap tariffs on aluminum imports from Canada - Bloomberg News 
The United States is planning to re-impose tariffs on aluminum imports from Canada, Bloomberg reported late on Monday, citing people familiar with the matter. If Canada declines to impose export restrictions, the United States will announce on Friday the re-imposition of 10% tariffs on aluminum from the country, the report said.

Jun 23 - Chile´s Codelco tightens anti-coronavirus measures at its largest copper mine 
Chile´s state-run Codelco said on Monday it would implement new measures at its El Teniente copper mine, the company´s largest deposit, to maintain operations amid increasing worker angst over the fast-spreading coronavirus. The world´s top copper producer said it would move to a 14-day on, 14-day off shift schedule at its flagship El Teniente, and that it would begin to test workers three times per shift for COVID-19. 

Jun 23 - China's sliding metals inventories point to higher prices, V-shaped recovery: Russell 
One of the encouraging aspects for those hoping for a V-shaped economic recovery from the novel coronavirus in China has been the increase in the price and demand for many key metals. There is a further aspect that supports the quick rebound thesis - falling Chinese inventories of many metals, from steel rebar to iron ore, copper, aluminium and zinc.

Jun 23 - Global zinc market surplus narrows to 10,800 T in April - ILZSG 
The global zinc market surplus declined to 10,800 tonnes in April from a revised surplus of 29,700 tonnes in March, data from the International Lead and Zinc Study Group (ILZSG) showed on Monday. The March figure was revised from a surplus of 47,300 tonnes in last month's data.

Jun 23 - Global aluminium output rises to 5.448 mln T in May - IAI 
Global primary aluminium output rose to 5.448 million tonnes in May from a revised 5.274 million tonnes in April, data from the International Aluminium Institute (IAI) showed on Monday. Estimated Chinese production increased to 3.105 million tonnes in May from a revised 2.997 million tonnes in April, it added.

Jun 23 - Liberty Steel aims to double output at UK plant to 1 mln tonnes 
Privately-held Liberty Steel plans to double output at a British plant to 1 million tonnes in three to five years, processing scrap steel and producing rebar for the construction sector. Liberty, owned by the GFG Alliance headed by British-based tycoon Sanjeev Gupta, said in a statement on Monday that it aimed to boost output at its Rotherham plant, northern England, while also cutting its carbon dioxide emissions.

Jun 23 - Japan May crude steel output slumps 32% to 11-yr low amid pandemic 
Japan's crude steel output plunged 31.8% in May from a year earlier to its lowest in nearly 11 years, as a collapse in demand from industry forced to shut down amid the coronavirus pandemic spurred a wave of suspensions of steel plants. Output, which is not seasonally-adjusted, dropped for a third consecutive month to 5.92 million tonnes in May, the lowest monthly volume since April 2009, when a global financial crisis dampened demand, the Japan Iron and Steel Federation said on Monday.

Jun 22 - Unions at Chile's Codelco demand more protection against coronavirus
Labor unions at Chile's state-owned copper miner Codelco said on Sunday that measures taken by the company against the spread of the novel coronavirus were insufficient and threatened to take steps to force stricter health policies. On Saturday the death of the second Codelco employee from the virus was confirmed, prompting the company to suspend construction projects in northern Chile and take other steps aimed at reducing the circulation of workers. 

Jun 22 - Soft underbelly in China's steel sector boom points to bumpier economic recovery
Behind the boom in China's steel production since March - and hopes for a quick economic recovery - is a tale of two diverging sectors: construction demand for infrastructure projects has been strong, while manufacturing has been slower to bounce back. That highlights the challenge facing policymakers as Beijing and local governments can control the pace of spending on projects like roads, rails and reservoirs, but have very limited options to support exports or domestic demand for machinery and appliances. 

Jun 22 - Freeport Indonesia to shift to all-underground mining by 2022 - CEO
Freeport Indonesia, operator of Grasberg, the world’s second-biggest copper mine, is on track shift to all-underground mining by 2022, its chief executive said on Sunday. "By 2021, approximately 75% of our operations will be underground mining, with it reaching 100% by 2022," said Tony Wenas, chief executive of PT Freeport Indonesia, a unit of Freeport-McMoran Inc. 

Jun 22 - Australia's OZ Minerals to buy base metal explorer Cassini Resources
Australian copper miner OZ Minerals said on Monday it would buy base metals explorer Cassini Resources, raising its stake in Australia's largest undeveloped nickel-copper deposit, West Musgrave, to complete control from 70%. OZ Minerals acquired its majority stake in the West Musgrave project in Western Australia from Cassini in 2016, developing the project as a joint venture ever since.

Jun 22 - Friend or foe? Canadian imports split U.S. aluminium sector: Andy Home
A surge in Canadian aluminium imports "is destroying what remains of the United States industry". The dramatic warning comes from the American Primary Aluminum Association (APAA), which represents Century Aluminum and Magnitude 7 Metals, two of the last three remaining primary producers in the United States. 

Jun 22 - Venezuela's rival presidents prepare to battle over gold in London vaults
In the vaults beneath the Bank of England, where foreign nations stash parts of their vast gold reserves, lie 1.7 billion euros ($1.9 billion) of disputed gold bars. Two parties claim access to them. Venezuelan President Nicolas Maduro says they belong to his administration's central bank. His rival, opposition leader Juan Guaido, who the British government recognizes as Venezuela's rightful leader, say the bars are his to control.

Jun 22 - Swiss prosecutors launch Glencore criminal probe over Congo
Switzerland's Attorney General's Office (OAG) has opened a criminal probe into commodity miner and trader Glencore over allegations it failed to have measures in place to prevent corruption in the Democratic Republic of Congo (DRC). The Swiss-based, London-listed multinational, which is subject to various international inquiries, said it would cooperate with the probe, but declined to comment further.

Jun 22 - Steelmaker Altos Hornos de Mexico says will lay off 2,400 workers
A unit of Mexican steelmaker Altos Hornos de Mexico (AHMSA) said on Friday it will lay off 2,000 workers in Mexico and 400 in Texas after state power company the Federal Electricity Commission (CFE) "unilaterally" canceled a contract to purchase coal. AHMSA said in a statement its subsidiary Minera del Norte will lay off workers at its MICARE unit in Mexico and Dos Republicas Coal Partnership in Texas. Another 5,000 workers from companies supplying goods and services will also be impacted.

Jun 19 - EU must engage in lithium standards or lose to China, EU's Breton says
EU industry chief Thierry Breton has urged EU governments to be more active in setting global standards for ultralight battery metal lithium, key to many strategic industries and electric cars, or cede technological advantage to China. Breton's warning underlines the European Commission's concern as China seeks to increase its influence in setting standards for a metal crucial to the bloc's electric car and green energy ambitions, involving major companies such as Volkswagen, PSA and Siemens. 

Jun 19 - Peru miners restart pandemic-hit operations with mass testing, isolating workers
Peru's miners are revving up stalled operations with mass testing, isolation periods and revamped shift patterns, setting up the world's No. 2 copper producer to hit 80% of production capacity by the end of June, industry officials said. The restart is key to Peru's economic engine and metals output which was devastated by the coronavirus pandemic and a nationwide lockdown. But unions for mine workers have voiced concerns that some planned shifts are too long while testing and protective measures need to be strengthened.

Jun 19 - World's ultra-wealthy go for gold amid stimulus bonanza
As stock markets roar back from the coronavirus-led rout, advisers to the world's wealthy are urging them to hold more gold, questioning the strength of the rally and the long-term impact of global central banks' cash splurge. Before the COVID-19 pandemic, most private banks recommended their clients hold none or just a tiny amount of gold. 

Jun 19 - Rio Tinto launches board-led review into sacred caves blast
Rio Tinto on Friday launched a board-led review into how the miner destroyed two ancient and sacred Aboriginal caves in Western Australia, stepping up its response to the blasts after weeks of public criticism and shareholder dismay. In his first comments since the caves were destroyed in late May, Rio Tinto Chairman Simon Thompson apologised to present day traditional owners of the land and pledged to make public the review's findings, due in October. 

Jun 19 - Barrick Gold alerts authorities after fake news release claims it sold Lumwana mine
Barrick Gold on Thursday said there is "absolutely no truth" in a news release circulated on social media in Zambia claiming the gold miner sold its Lumwana copper mine. The fake press release, dated June 15, claimed Barrick had sold its Zambian copper mine to Metalinvest Capital Corporation and Zambia's National Pension Scheme Authority (NAPSA) for $895 million in cash. 

Jun 19 - BHP Group buys nickel tenements as Norilsk Nickel completes Australian exit
BHP Group said on Friday it was expanding its exposure to nickel by purchasing nickel tenements in Western Australia in a deal marking the exit from the country of Russian mining group Norilsk Nickel. The mining giant said it had agreed to buy the Honeymoon Well Nickel Project from a unit of Norilsk Nickel, which is the world's leading producer of nickel and palladium. 

Jun 19 - Australia's Altura Mining inks lithium supply contracts with Ningbo Shanshan; shares soar
Altura Mining Ltd said on Friday it had signed multi-year lithium supply contracts with its second-largest shareholder Ningbo Shanshan Co Ltd, sending its shares more than 30% higher. The Australian miner said it would supply a minimum of 60,000 dry metric tonnes (dmt) of the metal, used to make alloys that make up parts of aircraft and high-speed trains, to the Chinese lithium battery material manufacturer from January 2022. 

Jun 19 - Lawyer asks UN to intervene with Cerrejon mine on behalf of indigenous Colombians
A British barrister is asking the United Nations Special Rapporteur to intervene with coal miner Cerrejon on behalf of Wayuu indigenous people in Colombia allegedly suffering damage to their health amid the coronavirus pandemic. Cerrejon, which is owned equally by BHP Group, Anglo American and Glencore, rejected the allegations, saying information in the claim was wrong.

Jun 18 - Miners must invest $37 bln to avoid peak supply - WoodMac
Gold miners will need to invest $37 billion into projects in the next five years to maintain 2019 production levels and counter the prospect of peak supply, consultancy Wood Mackenzie said in a report on Wednesday. With no major new gold discoveries over the last few years, miners have resorted to mergers and acquisitions to maintain and extend their waning gold reserves.

Jun 18 - Perth Mint stops taking artisanal gold after sourcing allegations
Australia's Perth Mint, one of the world's biggest gold refiners, said it would stop processing metal from artisanal and small-scale miners after allegations that it took gold dug in Papua New Guinea using child labour and toxic mercury. The Australian Financial Review said last week the mint refined gold worth hundreds of millions of dollars despite concerns from some staff about where it came from. 

Jun 18 - Chile lithium miners feel heat from exploding coronavirus outbreak, output steady
Chile´s vaunted lithium industry, the world´s second largest, has begun to feel the impact of a runaway coronavirus outbreak nationwide, though top producers SQM and Albemarle said output from their Atacama operations nonetheless remained unscathed. Albemarle, the world´s No.1 miner of the ultralight battery metal, told Reuters in an email Wednesday it planned to immediately shut down its Atacama potash plant for 15 working days in order to comply with restrictions requiring miners cut back staff.

Jun 18 - Australia begins probe into Rio's destruction of Aboriginal site
Australia called for submissions on Thursday to an inquiry into how mining giant Rio Tinto legally blew up two sacred Aboriginal caves that showed human history stretching back at least 46,000 years. Rio in late May destroyed the sacred caves in the Juukan Gorge in the Pilbara region of Western Australia, having been granted state government approval in 2013. 

Jun 18 - China maintains tough stance on steel capacity as 5-yr campaign nears end
China's state planner on Thursday called for an all-out effort to prevent shuttered illegal steel capacity from restarting as it looks to ensure the country doesn't toss away progress in supply-side reform right at the end of a five-year campaign. China, the world's top steel producer, has already exceeded its goal of cutting 100 million to 150 million tonnes of annual crude steel capacity during 2016-2020. As of end-2019, it had already cut more than 150 million tonnes of outdated capacity and another 140 million tonnes of low-grade steel output. 

Jun 18 - Congo wants to help mining firms hit by coronavirus crisis
The Democratic Republic of Congo will try to offer financial support to mining companies which need help due to disruptions caused by the coronavirus crisis, the mines minister said on Wednesday. Congo is Africa's top producer of copper and the world's main source of cobalt, accounting for two-thirds of global supplies of the metal used in smartphones and electric car batteries. 

Jun 18 - EY finds China copper smelter Fangyuan has misstated accounts - sources
A report by auditor EY found that Shandong Fangyuan Nonferrous Metals Group, China's biggest privately held copper smelter, has been overstating its profit and production levels while understating its debt, according to two sources with knowledge of the matter. Its core unit, Dongying Fangyuan Nonferrous Metals Co Ltd, and group firm Dongying Lufang Metals Material Co Ltd had "significantly higher debt, lower profitability, (and) lower production volumes," than publicly disclosed, one source quoted a summary of the EY report as saying.

Jun 18 - Brazil's Vale can reopen Itabira complex after coronavirus measures
Brazilian iron ore miner Vale SA has received permission to reopen mines in the Itabira complex shuttered due to coronavirus concerns, the company said in a Wednesday filing, adding there was no change to its production guidance. Vale said it had received permission to reopen the mines from Minas Gerais state labor inspectors. They concluded that the measures Vale had taken to mitigate the threat from the virus and protect its workforce were sufficient to restart works, the company said.

Jun 18 - Canada's Iamgold suspends operations in Suriname amid COVID-19 cases
Canadian gold miner Iamgold on Tuesday halted operations at its Rosebel gold mine in Suriname as a workers union issued a stop work order after seven employees tested positive for the novel coronavirus. The company said infected employees were quarantined and it was taking steps to disinfect the workers' living and work areas, but the union used one of its preventative measures as the basis to stop work.

Jun 18 - Copper sustainable group expects more members following Rio Tinto's units
Copper Mark, a traceability system launched by the International Copper Association (ICA), expected more members this year after two units of mining giant Rio Tinto joined in May. Copper Mark was launched in April 2019 as part of ICA's effort to bring the whole copper supply chain in par with the rising standards and expectations for responsible copper production.

Jun 18 - Acacia Mining employees pay Tanzania $650,000 in tax evasion case
Three employees of Acacia Mining, a former Barrick Gold unit, have been released from jail in Tanzania after paying 1.5 billion Tanzanian shillings ($649,632) in compensation for tax evasion, a prosecutor told Reuters on Wednesday. Deodatus Mwanyika, Alex Lugendo, and Assa Mwaipopo had been imprisoned since October 2018 when Tanzanian authorities charged three of Acacia's local subsidiaries with dozens of offences including money laundering and tax evasion.

Jun 18 - Sudan further opens gold trade to private sector
Sudan, a gold producer, has taken steps to open up the trade in the precious metal further to private investors, allowing them to handle all exports and taking the business out of state hands, the Sudan News Agency (SUNA) reported on Tuesday. A circular approved on Tuesday bars government bodies from exporting gold and opens the trade to private firms provided they meet requirements, such as paying taxes and royalties, it said.

Jun 17 - EY finds China copper smelter Fangyuan has misstated accounts - sources 
A report by auditor EY found that Shandong Fangyuan Nonferrous Metals Group, China's biggest privately held copper smelter, has been overstating its profit and production levels while understating its debt, according to two sources with knowledge of the matter. Its core unit, Dongying Fangyuan Nonferrous Metals Co Ltd, and group firm Dongying Lufang Metals Material Co Ltd had "significantly higher debt, lower profitability, (and) lower production volumes," than publicly disclosed, one source quoted a summary of the EY report as saying.

Jun 17 - Chile says copper miners complying with sanitary measures amid outbreak 
A Chilean regulator on Tuesday dismissed the concerns voiced by union workers that mining companies were failing to enforce sanitary measures to combat the spread of the coronavirus, calling mine adherence to the restrictions "adequate." Unions had urged the government to re-assess the operating plans of the country´s sprawling mines on Sunday, citing an "alarming" increase in infections among workers.

Jun 17 - Copper blind-sided by the strength of Chinese recovery: Andy Home 
The copper price has recovered strongly from its COVID-19 collapse in March. London Metal Exchange (LME) copper is currently trading at $5,810, up 33% from its March 19 low of $4,371 and back to where it was before the deadly coronavirus knocked out global manufacturing activity and demand for industrial metals. 

Jun 17 - Indonesia’s Timah sees 2020 refined tin sales falling 18.8% y/y 
The world's largest tin producer, PT Timah, is targeting refined tin sales of around 55,000 tonnes in 2020, finance director Wibisono said on Tuesday. That compared with 2019 sales of 67,704 tonnes, company data showed.

Jun 17 - Australia's Arafura to test rare earth processing with U.S. firm 
Rare earths miner Arafura Resources Ltd will test samples of concentrates from its Australian mine as potential feedstock for a refinery in Colorado owned by USA Rare Earth LLC, it said in a statement on Wednesday. Arafura plans to send samples of a refined liquor comprising middle and heavy rare earths, produced from its ores processed at an Australian government plant, to the USA Rare Earths' pilot plant in Colorado to separate into individual heavy rare earths, the company said in a stock exchange statement.

Jun 17 - BHP names Lamont as new CFO; Beaven to step down 
BHP Group said on Wednesday that David Lamont, a former mining executive who has more recently been at global biotech firm CSL, would take the reins as company's chief financial officer from the start of December. Lamont, who worked closely with BHP Chief Executive Mike Henry in BHP's coal division in the early 2000s, has been CFO at Australia's second-biggest listed company since January 2016. 

Jun 17 - Barrick Gold sells majority stake in China's Shandong for $210 mln 
Canadian gold producer Barrick Gold said on Tuesday it sold a partial stake in Shandong Gold Mining Co for $210 million, profiting off a rise in share price of the Chinese gold miner. Gold stocks have been steadily rising since the coronavirus outbreak battered equity markets across the globe and sent investors scurrying for safe-haven assets. 

Jun 17 - Russia's Severstal says steel exports offset domestic demand drop 
Russian steel producer Severstal expects domestic demand to fall by 5%-7% in 2020 compared to 2019 as a result of the coronavirus outbreak, but says increased exports have allowed it to keep producing to capacity. Chief Financial Officer Alexey Kulichenko said in an interview the second quarter would be the toughest as the coronavirus impact was most severe, ahead of a second-half recovery.

Jun 17 - Congo mining provinces impose new COVID-19 lockdowns 
Authorities in Democratic Republic of Congo's southeastern mining heartland announced temporary lockdowns on Tuesday in an effort to widen coronavirus testing and prevent a worrying situation from worsening, governors said. Cases have multiplied in the central African nation despite the imposition of short-term lockdowns in some urban centres and restrictions on movement. A lack of local testing has fanned fears the virus is spreading undetected.

Jun 17 - India asks oil and gas producers to use more local steel in infrastructure 
India has asked domestic oil and gas companies to raise the share of domestically manufactured steel they use in future infrastructure projects worth billions of dollars to cut its dependence on imports, boost the economy and create jobs. Prime Minister Narendra Modi's government is pushing for local manufacturing to resuscitate the economy, which is likely to contract by about 5% this fiscal year.

Jun 16 - LME plans switch to electronic exchange of metal warrants 
London Metal Exchange members and users will be able to electronically make and take delivery of metal and move away from a process that involves the physical exchange of title documents or warrants, under plans put forward by the exchange. The proposal was detailed in a discussion paper issued on Monday. The LME, which said electronic warranting would bring "significant operational efficiencies", is seeking responses by July 10.

Jun 16 - Canadian exemption from U.S. aluminium import levy under scrutiny 
The aluminium market is pricing in rising prospects of the United States replacing Canada's exemption from import tariffs with quotas, aiming to boost the survival chances of local producers. Some U.S. aluminium industry sources expect the exemption to be lifted completely, which would slash Canadian imports and trigger a large price rise, anchoring the viability of high-cost U.S. 

Jun 16 - Kinross Gold resolves Mauritania disputes and secures expansion 
Canadian mining firm Kinross Gold on Monday said it reached an agreement with Mauritania's government under which the company will pay a total of $25 million to resolve disputes over fuel use, tax exemptions, and mining licences. Under the deal, the government will give Kinross a 30-year exploitation licence for its new project Tasiast Sud. Mauritania will receive a 15% free carried interest in the project, with an option to purchase an additional 10% after further feasibility work is completed.

Jun 16 - Tokyo Steel to raise product prices for July by up to 7.3% 
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Tuesday it would raise its steel product prices by 3.5%-7.3% in July to reflect an upward trend in international markets on strong demand from China. The company kept prices unchanged for all of its steel products in June for a second consecutive month. 

Jun 16 - Rio Tinto won't bid for remaining stake in Canadian diamond mine - document 
Global miner Rio Tinto PLC has no plans to take full control of its Canadian Arctic diamond mine, which faces closure and will cost hundreds of millions of dollars to clean up, court documents show. Rio, which owns 60% of the Diavik mine in Canada's Northwest Territories, said in a May 28 court filing that it "does not seek to bid" for Dominion Diamond Mines ULC's 40% stake or its nearby Ekati mine as part of a court-supervised auction. 

Jun 16 - Japan crude steel annual output to fall below 80 mln T -steel federation head 
Japan's crude steel output is expected to come in around 35 million tonnes for the April-September period and below 80 million tonnes for the current financial year to end-March, the new head of a steel industry group said on Tuesday. "It's my personal view, but I still expect Japan's crude steel output is likely to fall below 80 million tonnes for the current financial year," Japan Iron and Steel Federation's new chairman, Eiji Hashimoto, told a news conference. 

Jun 16 - Tajik-Chinese antimony project delayed to October by COVID-19 
A Chinese-Tajik antimony and gold mining joint venture has once again delayed its start-up because of the coronavirus pandemic and now plans to begin commercial production by October, Tajik state metals firm TALCO said on Monday. TALCO Gold, jointly owned by TALCO and China’s Tibet Huayu Mining Co, planned to start producing antimony, a metal used in batteries and fire retardants, from the Konchoch deposits in western Tajikistan in March.

Jan 15 - Copper trading volumes slide on CME, LME as funds withdraw 
Copper trading on the CME and London Metal Exchange tumbled last month as funds and speculators fled from high volatility during the coronavirus pandemic, but volumes shot up in top metals consumer China as lockdowns were lifted. Dealing activity in copper - the metal widely regarded as an economic barometer of the global economy due to its industrial uses - has withered in the West and analysts expect it to remain weak after sharp swings on the market.

Jan 15 - Gold and iron ore are doing equally well. Their miners are not: Russell 
Gold and iron ore are the standout commodities so far this year, but the performance of their respective miners are far more divergent - and weighted in favour of the precious metal. Spot gold closed at $1,729.67 an ounce on June 12, up 14% since the end of last year. Meanwhile benchmark 62% iron ore for delivery to China, as assessed by commodity price reporting agency Argus, was at $104.45 a tonne, a gain of 14.6%.

Jan 15 - China May aluminium output edges up from previous month 
China's primary aluminium production edged higher in May from the previous month, official data showed on Monday, as the launch of new smelting capacity and the incentive of higher prices kept supply levels high. The world's biggest producer and consumer of aluminium made 2.98 million tonnes of the metal last month, the National Bureau of Statistics said. 

Jan 15 - China crude steel output soars 8.5% in May record on robust construction demand 
China's crude steel output jumped 8.5% from a month earlier in May, hitting the highest ever in records published for single-month production, lifted by a construction boom amid a Beijing infrastructure development push and a recovery in manufacturing. The world's largest steel producer made 92.27 million tonnes of crude steel last month, data from the National Bureau of Statistics (NBS) showed on Monday, up from 85.03 million tonnes in April and 4.2% higher than in May 2019. 

Jan 15 - Chilean copper miners labor group alleges 'alarming' rise in coronavirus cases 
Chilean copper miners' unions called on Sunday for a re-evaluation of the operational continuity plans of the country's biggest miners during what they said was an "alarming" increase in coronavirus cases among workers. In a statement signed by the union leadership of state-owned Codelco, the Mines Federation - which groups the majority of workers for Chile's major copper mines - rejected the "business as usual" discourse advanced by miners and the mines minister, Baldo Prokurica.

Jan 15 - Knives out for nickel market as restaurants close: Andy Home 
The knives may be out for the nickel market. Stainless steel knives specifically, together with stainless steel forks and spoons. COVID-19 has hit just about every aspect of the global economy but the hospitality business is one of the worst affected. 

Jan 15 - China's Zijin Mining to buy Guyana Goldfields for $238 mln 
China's Zijin Mining, said on Friday it would acquire Guyana Goldfields for C$323 million ($238 million), bringing an end to a protracted takeover battle for the Canada-listed gold miner. Toronto-based Guyana Goldfields announced on June 3 that it had received a binding proposal from an unnamed overseas-based miner to acquire the company, valuing it around 35% higher than a previously accepted offer from Silvercorp Metals.

Jan 15 - Congo's gold being smuggled out by the tonne, UN report finds 
Gold production in Democratic Republic of Congo continues to be systematically underreported while tonnes of the precious metal is smuggled into global supply chains through its eastern neighbours, a United Nations report has found. The countries along Congo's eastern border have long been conduits for gold worth billions of dollars mined using rudimentary means by so-called "artisanal" miners.

Jan 15 - LBMA says it will investigate Perth Mint gold sourcing allegations 
The London Bullion Market Association (LBMA) said on Friday it would investigate allegations in an Australian newspaper that the Perth Mint processed gold from small-scale gold miners in Papua New Guinea who used child labour and toxic mercury. The mint, owned by the government of Western Australia, is one of the world's largest gold refiners and is accredited by the LBMA.

Jun 12 - 'Health, then production': Unions ramp up pressure on Chile copper miner Codelco
Unionized mine workers in Chile, the world's top copper producer, warned on Thursday that health should take precedence over output, one day after state-run Codelco's unions threatened a walkout at some of its operations. Workers with the Federation of Copper Workers said there had been an "alarming" spike in coronavirus cases at some mines, one week after a miner at the company´s massive Chuquicamata mine died from COVID-19.

Jun 12 - ETFs outshine futures as investors look for gold exposure
A rise in the cost of holding U.S. gold futures since the start of the coronavirus outbreak is pushing investors wanting exposure to the metal towards gold-backed exchange traded funds (ETFs), industry data shows. Gold is increasingly in demand from buyers who believe it is likely to hold its value relative to other assets as the virus shakes the global economy.

Jun 12 - China curbs coal imports after 5 months of record inflows - sources
China has stepped up customs checks for coal imports, leading to lengthy processing delays at ports, four sources familiar with the matter said, as the country seeks to bolster the domestic coal industry. China is curbing coal arrivals through import quotas and quality restrictions on downstream users, such as utilities, following record imports for the first five months of the year.

Jun 12 - Rio Tinto chief apologises for blasting ancient caves as Australia starts inquiry
Rio Tinto Chief Executive Jean-Sebastien Jacques on Friday apologised for distress caused by Rio's destruction last month of two ancient and sacred Aboriginal caves in Western Australia, pledging full cooperation with an Australian government inquiry. "We are very sorry for the distress we have caused the PKKP in relation to Juukan Gorge and our first priority remains rebuilding trust with the PKKP," Jacques said in a statement, referring to the Puutu Kunti Kurrama and Pinikura (PKKP) people.

Jun 12 - Congo mines must end on-site confinement, civil society groups say
Mining companies in Democratic Republic of Congo must end mandatory mine-site confinement policies, a group of 11 civil society organisations said in a letter to 13 of Congo's biggest copper and cobalt mining companies on Thursday. Sealing mine sites off is an extreme measure taken by mining firms in Congo and elsewhere as they seek to avoid COVID-19 outbreaks which could force them to shut down.

Jun 12 - Australian state says BHP can disturb 40 sacred sites in mine expansion
Western Australia approved BHP Group's application to disturb 40 culturally significant Aboriginal sites as part of a mine expansion, the state government said on Thursday, days after Rio Tinto blew up sacred rock caves in the same area. State Aboriginal Affairs Minister Ben Wyatt said in a statement he had approved BHP's application to "impact" the sites in the iron ore-rich Pilbara region, where BHP is planning its $3.4 billion South Flank expansion.

Jun 12 - Metalor to process traceable gold from small mines in Peru
Metalor, one of the world's biggest gold refiners, is to start processing a small amount of traceable and responsibly sourced gold from small-scale miners in Peru as part of a scheme to improve their conditions. The initiative by Metalor is one of a growing number by refiners and non-profit organisations to help small-scale gold miners to sell their output legally and at fair prices in the mainstream market.

Jun 12 - Norilsk Nickel co-owner proposes 2020 dividend cap after fuel spill
Russian mining group Norilsk Nickel's shares slipped on Thursday after its co-owner proposed capping 2020 dividends after a fuel spill in the Arctic city where the company is based. Some 21,000 tonnes of diesel leaked into rivers and subsoil on May 29 in the remote city of Norilsk, an incident that Greenpeace has compared to the 1989 Exxon Valdez oil spill off Alaska.

Jun 12 - South African mining output plunges on COVID-19 lockdown
South Africa's mining production fell sharply during March and April, when output was largely halted during a strict lockdown aimed at curbing the spread of the new coronavirus, official data showed on Thursday. Mines in South Africa, the world's biggest producer of platinum and chrome and a leading producer of gold and diamonds, were forced to shut temporarily when a nationwide lockdown to contain the virus began in late March.

Jun 12 - Metals tycoon Gupta's GFG to cut jobs as forecasts further weak demand
British-based commodities tycoon Sanjeev Gupta's global metals businesses said on Thursday it will cut costs and shed jobs due to a sharp slide in demand that could last up to 18 months. The GFG Alliance, a conglomerate with wide ranging operations including steel, aluminium and infrastructure, said its business had been hit hard by the coronavirus pandemic.

Jun 12 - Papua New Guinea amends oil, gas, mining laws to boost revenue
Papua New Guinea has passed legislation seeking to boost benefits to the country from oil, gas and mine developments, which could impact talks on a stalled project planned by Exxon Mobil Corp. Prime Minister James Marape came to power a year ago on a platform to lift the country out of poverty by getting a bigger share of wealth from the country's energy and minerals. His government this week secured an emergency loan from the International Monetary Fund.

Jun 12 - S.Africa's Harmony expects to be at full production by around mid-July
Harmony Gold said on Thursday it expected to be back to full production by around the middle of July, after South Africa eased its coronavirus lockdown regulations from June allowing all mines to operate at full production. Mines in South Africa were forced to shut temporarily when a nationwide lockdown to contain the virus began in late March.

Jun 11 - Rail damage halts supply to Russia's top alumina plant 
Rusal, the largest aluminium producer outside China, is negotiating alternative routes for the raw materials it needs for its Siberian Achinsk alumina plant, after damaged rail infrastructure interrupted supplies, it said on Wednesday. The company said it was in talks with Russian Railways to quickly organise alternative routes to the plant, the largest in Russia, which supplies the Krasnoyarsk aluminium smelter.

Jun 11 - Iron ore's rally built on as yet unrealised Brazil supply fears: Russell
Iron ore's ongoing run above $100 a tonne is begging the question as to how long a price rally can sustain on fear of an event that is yet to present itself in the evidence. The surge to a 10-month high on June 8 of $105.75 a tonne in spot iron ore for delivery to China, as assessed to by commodity price reporting agency Argus, was largely built on market concerns that shipments from number two exporter Brazil would be hit by coronavirus shutdowns at mines.

Jun 11 - Commodities trader Trafigura H1 profit boosted by COVID-19 volatility 
Trafigura recorded its highest first half net profit since 2016, despite $580 million in impairments, as its oil and metals trading divisions thrived in the extreme volatility caused by Middle East events and COVID-19, the company said on Thursday. The Geneva-based trading house posted a 27% year-on-year rise in net profit to $542 million for the six months to March 31. New IFRS 16 accounting rules, however, reduced the total by $31 million.

Jun 11 - Workers at Chile´s Codelco threaten work halt to quarantine against coronavirus 
Unionized workers at Chile's state-run Codelco, the world's largest copper miner, said on Wednesday they were weighing walking off the job at some sites in order to implement a self-imposed quarantine after one of their members died from COVID-19. The Federation of Copper Workers (FTC) said in a statement there had been "alarming" numbers of coronavirus infections at several of the country´s mines. Measures to tame the spread of the virus had been insufficient, the federation said.

Jun 11 - Lithium: the metal of the future with a futures problem: Andy Home
Lithium is the metal that will power the coming electric vehicle (EV) revolution. 
The build-out of a lithium-ion battery chain, however, is at risk from depressed pricing and a lack of investment in new capacity. "Money needs to start flowing into the lithium market quickly, or the road to electrification will be stunted by lithium supply, in even the most conservative of forecasts."

Jun 11 - Indians pawn gold for loans as borrowing from banks becomes tougher
Umesh Patil, a farmer in western India, pawned 40 grams of gold jewellery to raise 130,000 rupees ($1,723.11) to buy supplies needed to plant his next crop. Many Indians are using gold to secure loans, bankers and industry experts say, as banks are otherwise increasingly unwilling to lend during the coronavirus pandemic due to fear of the loan souring.

Jun 11 - Indonesia's Antam ferronickel sales down in Q1 due to virus outbreak 
Indonesian state nickel miner PT Aneka Tambang sold ferronickel with 6,370 tonnes of nickel content in the January-March quarter, corporate secretary Kunto Hendrapawoko told reporters on Thursday. That was around 10% lower compared to 7,122 tonnes of nickel content in the same period last year, company data showed.

Jun 11 - Brazil prosecutors expand probe into Vale's efforts to shield workers from COVID-19
The office that enforces labor laws in Brazil's Para state has stepped up an investigation into potential shortcomings in mining giant Vale's efforts to protect workers from the coronavirus, authorities said on Wednesday. The federal labor prosecutor's office in Para has an internal working group in place known as the GEAF to monitor Vale's iron ore operations in the Carajas region, near the eastern fringe of the Amazon rainforest.

Jun 11 - Russian diamond producer Alrosa's May sales drop to $40.1 mln
Russian diamond producer Alrosa on Wednesday said its sales of rough and polished diamonds stood at $40.1 million in May, down from $266 million a year ago. The May figure represents a slight rise from the previous month, but April sales had plunged to $15.6 million as the coronavirus crisis hit demand.

Jun 11 - Mali's 2019 gold mining revenue boosted by strong output, prices
State revenue from gold mining companies in Mali surged 63.5% to 403.6 billion CFA ($702 million) in 2019 compared with 2018, boosted by a strong turnover from companies operating in the West African nation, the government said on Wednesday. Mali's mines ministry said the gold mining sector generated a turnover of 1.65 trillion CFA in 2019 compared with the previous year, up 19%, due the increase output and a rise in global gold prices.

Jun 11 - Rio Tinto loses Australian indigenous backing after blasting sacred caves
An Australian indigenous group has suspended Rio Tinto from its reconciliation plan after world's biggest iron ore miner blasted two ancient sacred caves as part of a mine expansion. Reconciliation Australia, the lead body for promoting better ties between the wider Australian community and Aboriginal and Torres Strait Islander peoples, announced the move after Rio Tinto destroyed the two Aboriginal caves in late May.

Jun 10 - Italian government rejects ArcelorMittal's Ilva plan as workers strike
The Italian government rejected ArcelorMittal's latest plan for the loss-making Ilva steel plant on Tuesday which it said included major job cuts and went back on investment pledges as workers held a strike to protest the plan. The world's biggest steel producer took over the plant in the southern city of Taranto in 2018 but its rescue plans have triggered months of wrangling.

Jun 10 - China's coal mining hub Shanxi to shut small mines by end-2020 
China's coal mining hub Shanxi will shut down all small-sized coal mines, with annual capacity below 600,000 tonnes, in the province by the end of 2020, the provincial authorities said in a statement. The northern province is China's second biggest coal mining region by production after Inner Mongolia. It produced 971.09 million tonnes of coal in 2019, accounting for a quarter of the country's total.

Jun 10 - Goldman says 'too much, too fast' commodity rally unsustainable
The rally across commodities has gotten ahead of fundamentals with the exception of metals, Goldman Sachs said in a note dated Tuesday, adding that it was hesitant to recommend a long position this early in the cycle. The Wall Street bank sees downside risks in agricultural and energy markets, citing the recent strength as surprising given the massive inventory overhangs and depressed demand.

Jun 10 - Mexican president urges Canadian mining firms to pay taxes
Mexican President Andres Manuel Lopez Obrador said on Tuesday some of Canada's mining firms were behind on their tax payments and urged the Canadian government to lean on them to avoid the dispute reaching international tribunals. "There are a few Canadian mining companies that are not up-to-date, they want to go to international tribunals," Lopez Obrador told a regular government news conference.

Jun 10 - Saudi Arabia aims to boost investment with new mining law
Saudi Arabia's cabinet on Tuesday approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities, state news agency SPA said, quoting the minister of mining and industry, Bandar Alkhorayef.

Jun 10 - Chalco gets licence for bonded bauxite warehouse in southern China
Aluminum Corp of China Ltd, also known as Chalco, received an operating license for its new bonded bauxite warehouse in southern China's Guangxi region, according to a report from the country's nonferrous metals association. A bonded warehouse is a storage facility for dutiable imported goods that have not yet cleared customs and can therefore easily be shipped to other countries.

Jun 10 - Guinea signs Simandou iron deal with SMB-Winning consortium
Guinea on Tuesday signed an agreement with a consortium for the development of its giant Simandou iron ore reserve, another step towards the realisation of a project which it hopes will bring a $15 billion windfall over the 25-year lifespan. The deal includes the construction of a 650 km railway from Guinea's mountainous forest region to the coast, and a deep sea water port, which will unlock the development of blocks 1 and 2 of the rich Simandou iron reserve.

Jun 09 - European steel industry calls on EU to cut import quotas
European steel producers on Monday urged the European Union to slash import quotas, warning a potential flood of shipments threatened an industry already hard hit by the COVID-19 pandemic. In a statement, producers criticised recent proposed adjustments to safeguard measures the EU put in place in 2018.

Jun 09 - Chile's biggest copper mines keep production ticking up despite coronavirus: Cochilco
Copper production in Chile's top mines rose in April despite the generalised shutdown in the country aimed at halting the spread of the new coronavirus. Chilean copper commission Cochilco said state miner Codelco, the world's top copper producer, saw production rise 2.8% year on year in April and 3.8% in the first four months of 2020, while BHP´s Escondida, the world's largest mine, pumped out 102,600 tonnes, a rise of 11.4% on the same month the previous year, an increase of 9% so far in 2020.

Jun 09 - Poland halts work at 12 coal mines to curb COVID-19, angering union
Poland will close 12 coal mines from Tuesday for three weeks to curb the spread of the coronavirus among miners, Deputy Prime Minister Jacek Sasin said on Monday. Miners account for almost 20% of coronavirus cases reported in Poland. But the Solidarity trade union denounced the move, saying it would lead to permanent closures as the nationalist government was already planning to restructure the industry.

Jun 09 - Green aluminium needs common standard, labelling plan - Carbon Trust 
Common standards and clear labelling should be agreed for so-called green aluminium so industrial users can identify low-carbon material amid competing claims by producers, consultancy the Carbon Trust said on Monday. Purchasers of aluminium such as the auto and packaging industries are increasingly seeking to lower their own carbon footprints and buy material produced with low carbon dioxide emissions.

Jun 09 - China May zinc output drops as ore supply tightens; tin output rises - Antaike
China's zinc and zinc alloy production fell 6.3% year-on-year to 401,000 tonnes in May, Antaike said on Monday, as smelters reduced rates amid tight raw material supply and plunging treatment charges. Average daily output in May was down 6.2% from April, Antaike, the research arm of the China Nonferrous Metals Industry Association, said in its monthly survey of 49 zinc smelters.

Jun 09 - Unions at ArcelorMittal's Ilva plant call strike over job plans
Unions representing workers at the Ilva steel plant in southern Italy called a strike for Tuesday to protest at reported plans by ArcelorMittal for thousands of job cuts at the struggling facility. The call by the FIM, FIOM and UILM unions came after Industry Minister Stefano Patuanelli accused the group of failing to respect the terms of a rescue agreement signed with the government in March.

Jun 08 - China May copper imports dip from prior month as factory rebound slows
China's unwrought copper imports fell in May from the previous month, customs data showed on Sunday, as a slowing recovery in its coronavirus-hit manufacturing sector reduced purchases, while aluminium exports plunged on dwindling orders. Imports of unwrought copper, including anode, refined and semi-finished copper products into China, the world's top copper consumer, came in at 436,030.6 tonnes last month, the General Administration of Customs said.

Jun 08 - London Metal Exchange looking into low-carbon aluminium trading
The London Metal Exchange said on Friday it is looking into providing a trading platform that consumers can use to source low-carbon aluminium, which is typically produced with hydro power or other forms of renewable energy. Primary or new aluminium is often a focus for consumers in the low carbon debate as electricity accounts for between 30-40% of production costs. Aluminium is widely used in the transport and packaging industries.

Jun 08 - Unions at ArcelorMittal's Ilva plant call strike over job plans
Unions representing workers at the Ilva steel plant in southern Italy called a strike for Tuesday to protest at reported plans by ArcelorMittal for thousands of job cuts at the struggling facility. The call by the FIM, FIOM and UILM unions came after Industry Minister Stefano Patuanelli accused the group of failing to respect the terms of a rescue agreement signed with the government in March.

Jun 08 - China copper stocks fall to over 4-month low, but pace of decline slows
Copper inventories in warehouses tracked by the Shanghai Futures Exchange (ShFE) fell for the third straight week to their lowest in more than four months, but the pace of withdrawal has slowed, exchange data showed on Friday. Copper inventories in ShFE warehouses in the week to June 5 fell 3.5% to 139,913 tonnes, their lowest level since Jan. 23, as economic activity picks up in China after it eased its coronavirus lockdown.

Jun 08 - Traditional owners say Rio Tinto knew importance of caves razed for mine
Rio Tinto Ltd knew the cultural and historical significance of two caves in Western Australia years before it blew them up last month as part of an iron ore mine expansion, traditional owners said on Friday. However, Rio, which won state government approval to destroy the caves in 2013, has said it believed it had consent from the traditional owners of the caves, the Puutu Kunti Kurrama and Pinikura People (PKKP), because they had not explicitly asked that the site not be mined.

Jun 08 - India's Vedanta books $1.7 bln loss in Q4 as oil prices plunge
Indian miner Vedanta Ltd on Saturday reported a net loss of 125.2 billion rupees ($1.7 billion) for the fourth quarter of its financial year, compared with a profit of 26.15 billion rupees in the same period a year earlier. The company took a one-time loss of 171.3 billion rupees in the March quarter, mainly due to an impairment of assets at its Oil & Gas business, triggered largely by a fall in crude oil prices following the coronavirus outbreak.

Jun 08 - Speculators cut bullish bets on COMEX gold - CFTC
Hedge funds and money managers cut their bullish positions in COMEX gold and increased them in silver contracts in the week to June 2, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also switched to a net long position in copper futures and options, the CFTC data showed.

Jun 08 - Perth Mint's gold, silver sales nearly halve m/m in May
The Perth Mint's sales of gold products tumbled about 47.4% in May from a month earlier, while silver sales plunged 53%, the refiner said in a blog post on Monday. Sales of gold coins and minted bars last month fell to 63,393 ounces from 120,504 in April, when they reached the highest level since at least March 2012.

Jun 08 - SolGold raises £27 mln to fund exploration of copper, gold in Ecuador
SolGold raised 27.1 million pounds ($34.3 million) in a discounted share placement on Friday, exceeding its initial target, to fund the exploration of copper and gold in Ecuador. The London-listed miner said late on Thursday it targeted at least 16 million pounds and ended up placing a total of 121 million new ordinary shares at a price of 21.5 pence per share.

Jun 08 - Putin chides Nornickel, orders law change after Arctic fuel spill
Russian President Vladimir Putin chided the billionaire boss of Norilsk Nickel on Friday over a huge Arctic fuel spill and ordered changes to the law to try to prevent such a disaster from happening again. Greenpeace has compared the scale of last week's accident near the northern city of Norilsk, where 21,000 tonnes of diesel poured into rivers and subsoil, to the Exxon Valdez oil spill in 1989.

Jun 08 - Indonesia says it will ask Freeport build copper smelter in Halmahera
The Indonesian government will ask PT Freeport Indonesia to build a copper smelter in Weda Bay, a newly built metal industrial park in Halmahera, the senior minister overseeing mining said on Friday. "We have proposed to the president, and the president has agreed, to request Freeport to build a smelter in Weda Bay," Luhut Pandjaitan, Coordinating Minister of Maritime and Investment Affairs, told a virtual seminar.

Jun 08 - Papua New Guinea accuses Barrick of plan to illegally export gold
Papua New Guinea's mining regulator said on Friday it is planning to bring criminal proceedings against a Barrick Gold Corp joint venture over what it says was an attempt to illegally export $13 million in silver and gold to Australia. PNG's Mineral Resources Authority (MRA) said it had received paperwork from the Barrick Niugini joint venture on Monday seeking clearance to export silver and gold worth a total of 46.7 million kina ($13.1 million) to the Perth Mint.

Jun 05 - Global steel demand seen recovering next year after 6% fall in 2020
Global steel demand is expected to fall 6.4% this year due to the COVID-19 pandemic's impact on industrial and construction activity, but bounce back next year, the World Steel Association said on Thursday. Wide swathes of industry such as automakers shut down during lockdowns to curb the coronavirus, slashing the need for steel and spurring the closure of many blast furnaces.

Jun 05 - LME storage capacity rises as metals glut looms in the shadows: Andy Home 
Where's the metal? Global manufacturing activity is experiencing the most severe contraction since the Financial Crisis of 2008-2009 but signs of surplus metal are conspicuous by their absence. Total stocks registered with the London Metal Exchange (LME) ended May at 2.2 million tonnes, up just 260,000 tonnes on the start of 2020. 

Jun 05 - ETFs amassed more gold in 5 months than in any previous full year - WGC 
Gold-backed exchange traded funds (ETFs) added 623 tonnes of the metal worth $34 billion to their stockpile from January to May, exceeding in five months every full-year increase on record, the World Gold Council said on Thursday. In May alone, the increase was 154 tonnes, it said. 

Jun 05 - South African miners seek return of foreign mineworkers
South Africa's mining industry is in talks with the government about allowing foreign miners to return to work, the Minerals Council said on Thursday, as output ramps up after the easing of coronavirus lockdown restrictions. Mines in South Africa, the world's biggest producer of platinum and chrome and a major gold and diamond producer, have been allowed to run at full capacity since June 1 after a temporary halt since March when a nationwide lockdown began.

Jun 05 - Nippon Steel to renovate blast furnace at Nagoya for $450 mln 
Nippon Steel Corp, Japan's biggest steelmaker, said on Friday it will spend 49 billion yen ($450 million) to renovate its No.3 blast furnace at Nagoya Works in central Japan in 2022 to boost stability and productivity. The world's third-biggest steelmaker by crude steel output also said it would step up plans to shrink its assets to help improve its financial health, targetting 500 billion yen in the three years through March 2021, up from 400 billion yen earlier.

Jun 05 - Guinea approves SMB-Winning deal for Simandou iron mine project
Guinea's government approved on Thursday a basic agreement for the development of its giant Simandou iron ore project by a consortium representing Chinese, French and Singaporean interests, the mines minister told Reuters. The consortium - which includes Société Minière de Boké (SMB) and Singapore's Winning Shipping as well as Guinean government interests - won a $14 billion tender last November to develop blocks 1 and 2 of the largest known deposit of its kind, holding more than 2 billion tonnes of high-grade ore. 

Jun 05 - Austral Gold reaches pay hike agreement to end strike at flagship mines in Chile 
Austral Gold Ltd said on Friday a near one-month long strike by two unions ended at its flagship Guanaco and Amancaya mines in Chile after reaching an agreement to increase pay and benefits by 15% along with a one-time bonus. The Australia-listed miner that is focussed on Argentina and Chile said its flagship mines would restart operations next week, and it does not expect a major hit to its 2020 output forecast of between 55,000 to 60,000 gold equivalent ounces. 

Jun 05 - Australian, India, sign joint deal on critical minerals 
Australia has signed a preliminary deal to supply India with critical minerals needed for the new-energy economy, Australia's resources minister said on Thursday. The agreement focuses on ways to increase bilateral trade, investment and research and development in critical minerals and comes after a virtual meeting at which leaders of both countries also struck accords on mutual access to military bases, and on cyber and key technology. 

Jun 05 - Tata Steel workers at Dutch plant vote to strike - ANP 
Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, Dutch news agency ANP reported. The unions could not be reached immediately to confirm that a strike has been approved or when it will take place. The Dutch unions are upset over what they say are plans by the company to cut 1,000 out of 9,000 jobs in the Netherlands. Tata Europe says it does not plan forced redundancies.

Jun 05 - Changes to USMCA steel requirements give Mexican auto sector headache 
Late changes to a new trade deal agreed by the United States, Mexico and Canada will make it harder for companies in the auto sector to meet requirements for use of regional steel and aluminum, a local industry lobby said on Thursday. The modifications affect new content requirements for the industry under the United States-Mexico-Canada Agreement (USMCA), which will come into effect in July, replacing the 1994 North American Free Trade Agreement (NAFTA).

Jun 04 - Indonesia nickel ore export ban to remain -mining ministry director 
Indonesia will keep in place a ban on the export of nickel ore even as it relaxes exports of some other minerals under revisions to its mining law, the director of minerals at the country's energy and minerals ministry said on Thursday. Indonesia's parliament passed revisions to its mining law last month, allowing miners building smelters to export ore for the next three years. But the revisions stipulated that the government can rule against the export of specific ores under a separate regulation. 

Jun 04 - Anglo American Platinum shuts unit at processing plant 
Anglo American Platinum (Amplats) said on Wednesday that it had closed the Phase B unit of its Anglo Converter Plant (ACP) after detecting a water leak in the high-pressure cooling section. The Johannesburg-listed miner last month completed repairs to the unit in Rustenburg, North West Province, and lifted the force majeure to suppliers of concentrate after a blast shut processing facilities. 

Jun 04 - Australia's EcoGraf inks graphite battery material supply deal with Thyssenkrupp unit 
Australian graphite explorer EcoGraf Ltd said on Thursday it had signed an agreement to supply graphite products used in making batteries to a unit of German industrial conglomerate Thyssenkrupp AG, sending its shares more than 32% higher in early trade. EcoGraf said Thyssenkrupp Materials Trading GmbH would buy purified spherical graphite battery anode material, used in lithium ion batteries, from its Kwinana plant in Western Australia, but did not disclose any financial details of the deal.

Jun 04 - Magnitude 6.8 earthquake rocks northern Chile; minor damage, no casualties 
A magnitude 6.8 earthquake struck Chile´s mineral-rich northern desert early on Wednesday, monitoring groups confirmed, though damage was minimal and mining companies told Reuters their operations had not been affected. In Chile, a South American nation often rocked by tremors, mine facilities and other infrastructure are built to withstand extraordinarily large quakes.

Jun 04 - Australia's Aeris to buy Evolution's Cracow gold mine to diversify assets 
Small Australian copper producer Aeris Resources on Thursday said it has offered to buy the Cracow gold project from Evolution Mining Ltd for up to A$125 million ($86.6 million) to diversify its portfolio. Aeris said it has budgeted A$13 million over the next two years for exploration at the Queensland-based mine, from which the company expects to generate pro forma core earnings of A$272 million to A$282 million for the period. 

Jun 04 - Mexico mining output to shrink 17% in 2020, industry group says
Mexican mining output will likely fall by about 17% in 2020 due to the impact of the coronavirus pandemic, and should recover by the first quarter of next year, the head of the country's mining chamber said on Wednesday. In interview with Reuters, Fernando Alanis, president of the chamber known as Camimex, also estimated that Mexican mining exports would decline by around 10% this year.

Jun 04 - Zambia denies power firm CEC claims of expropriation 
Zambia's government said on Wednesday it had no intention of taking over Copperbelt Energy Corp (CEC), after the company accused the government of expropriating its power lines by saying others must be allowed to use them if they paid. Energy Minister Matthew Nkhuwa issued a statement, known as a statutory instrument, on Friday declaring the CEC power lines a "common carrier" and obliging it to transmit electricity on behalf of other players on agreed terms and conditions.

Jun 03 - Chinese lead balloons: How long before the rally pops?
A rally in Chinese lead prices buoyed by a supply shortage could soon come to an end amid a weak demand recovery and a rebound in domestic supplies. The most active lead contract on the Shanghai Futures Exchange jumped to more than a four-month high on Tuesday at 14,620 yuan ($2,059.18) a tonne due to a lack of scrap lead caused by lockdowns in China to contain the coronavirus pandemic.

Jun 03 - U.S. hopes to expand strategic minerals initiative 
The U.S. State Department hopes to expand a strategic minerals initiative aimed at ensuring supply chains for metals critical for batteries and wind and solar power as demand for green energy keeps growing despite the coronavirus, a top diplomat said on Tuesday. Ten countries, including Canada, Australia and Brazil, joined the United States last year to form the Energy Resource Governance Initiative, or ERGI, in which Washington will share mining experience to help countries discover and develop minerals such as lithium, copper and cobalt. 

Jun 03 - Trade war tradeoff: How a Missouri town got America’s dirtiest air
The residents of New Madrid County cheered in 2018 when a bankrupt aluminum smelter that rises over the Missouri region’s vast farm fields restarted operations and hiring, thanks to aluminum tariffs levied in President Donald Trump’s trade war. The smelter reclaimed its place as one of New Madrid’s biggest employers, with more than 500 workers. But the resurrection has come at a cost.

Jun 03 - Vale expects to ship more iron ore to China in 2020 -China steel body 
Brazil's Vale SA expects iron ore shipments to China to rise in 2020 versus 2019 due to falling demand in other countries hurt by the coronavirus pandemic, the China Iron and Steel Association said after a telephone call with the miner. Vale, which shipped 190 million tonnes of iron ore and pellets to China in 2019, gave no further details. 

Jun 03 - Hedge funds still giving industrial metals a wide berth
Industrial metals such as copper have clawed their way back from coronavirus crisis lows, with the London Metal Exchange (LME) index of leading base metals contracts 12% off its March trough. Market optics are generally positive. With the exception of aluminium, visible exchange stocks have failed to build significantly despite the undoubted damage to demand. 

Jun 03 - China reduces paperwork for gold exporters 
China's central bank and customs authority said on Tuesday they would simplify procedures for companies exporting gold, following a slump in domestic demand for the metal. The economic fallout from the coronavirus pandemic led dealers to sell gold in China, the world's largest bullion consumer, at massive discounts versus the international spot prices. 

Jun 03 - U.S. opens national security probe into vanadium imports
The U.S. Commerce Department said on Tuesday it was opening an investigation into whether imports of vanadium, a metal used in aerospace, defense and energy applications, impair U.S. national security. The "Section 232" probe is similar to ones that resulted in broad tariffs on steel and aluminum in 2018 and a probe underway into imports of titanium sponge. 

Jun 03 - Australia's Hastings Technology Metals inks supply deal with Schaeffler; shares surge 
Australia's Hastings Technology Metals Ltd on Wednesday signed an agreement with German automotive supplier Schaeffler Technologies AG to supply mixed rare earths carbonate used in making electric vehicle parts, sending it shares about 30% higher. The company said a "substantial volume" of the product would be supplied to Schaeffler from its Yangibana project in the Gascoyne region of Western Australia over an initial period of 10 years.

Jun 02 - Nippon Steel fears China's economic rebound will sharpen rivals' edge 
China's faster economic recovery from the coronavirus outbreak gives its steel mills a competitive edge over Japanese companies that have cut output because of weak demand at home and abroad, an executive at Nippon Steel, Japan's largest steel maker, said. "China has managed to bring back economic activity quickly while countering the infection, which will give a relative advantage for Chinese mills in boosting competitiveness and financial health," Nippon Steel Executive Vice President Katsuhiro Miyamoto said on Thursday, in his first media interview since the company reported a record loss for the latest financial year. 

Jun 02 - Rusal's customers return with 20-30% of usual aluminium demand
Aluminium producer Rusal is seeing customers returning with 20-30% of their usual demand after a slump in April caused by fallout from the new coronavirus outbreak, Roman Andryushin, its head of sales and marketing, told Reuters. Rusal, the world's largest aluminium producer outside China, has had to deal with a drop in demand from major consumers of its metal - car and aviation industries - but the second quarter of 2020 is likely to be the worst of the crisis.

Jun 02 - The more exposure to China the better for metals post-coronavirus: Russell 
The contrasting fortunes of the prices of industrial metals inside and outside of China serves to illustrate two trends as the Asian region starts to emerge from coronavirus lockdowns. The first is that the recovery is uneven and likely to remain so, and the second is that the more exposed to China the commodity is, the greater the likelihood it outperforms those metals that are not.

Jun 02 - India's May gold imports fall 99% from a year ago to 1.4 T - govt source 
India's gold imports in May plunged 99% from a year earlier as international air travel was banned and jewellery shops were closed amid a nationwide lockdown to curb the spread of coronavirus, a government source said on Tuesday. The world's second-biggest consumer of the precious metal imported around 1.4 tonnes of gold in May, down from 133.6 tonnes a year ago, said the source, who declined to be identified because they are not authorised to speak to the media. In value terms, May imports dropped to $76.31 million from to $4.78 billion a year ago, he added.

Jun 02 - Vale expected to ship more iron ore to China in 2020 - China steel body 
Brazil's Vale SA expects iron ore shipments to China to rise in 2020, versus 2019, due to falling demand in other countries hurt by the coronavirus pandemic, according to a phone call between the miner and the China Iron and Steel Association. Production at Vale has not been impacted by the pandemic and it is keeping its full-year output target unchanged, the China steel association said in a statement on its website on Tuesday.

Jun 02 - Oil rescues big banks' commodities profits as gold income tumbles 
The world's 12 biggest investment banks cashed in on commodity price volatility caused by the coronavirus in the first quarter, with big increases in income from oil offsetting a tumble in precious metals, consultancy Coalition said. The banks' net revenue from trading, selling derivatives and other activities in the commodities sector was around $1.5 billion over January-March, the financial industry analytics firm said. 

Jun 02 - London Metal Exchange cancels 2020 LME Week events due to coronavirus 
The London Metal Exchange (LME) said on Monday it cancelled all of its events during the LME Week in London because of the coronavirus. The annual gathering of the metal industry is due to take place in October 2020 where the exchange usually hosts seminars and a glitzy annual dinner.

Jun 02 - Russia's Polyus says output could be affected by coronavirus outbreak
Russia's top gold producer Polyus said on Monday its output targets for the year could be affected by the new coronavirus, as it reported a 21% rise in adjusted core earnings in the first quarter. Polyus, which said adjusted core earnings had reached $589 million in the period, said its operations had not been interrupted by the pandemic thus far.

Jun 01 - U.S. copper concentrate heads to China again after tariff relief 
China is importing at least two cargoes of copper concentrate from the United States after Beijing allowed Chinese companies to seek trade-war tariff waivers on the material, according to two smelter sources. The United States was China's eighth-biggest copper concentrate supplier in 2017, sending almost 433,000 tonnes, but trade virtually dried up after Beijing imposed a 10% tariff on U.S. shipments from September 2018 and later raised it to 25%.

Jun 01 - Metal inventories pile up in factories, smelters, warehouses
Inventories of industrial metals are building up in factories, smelters and warehouses not linked to financial exchanges, giving a misleading picture of how the COVID-19 outbreak is hitting the sector. Global industrial activity plummeted after lockdowns forced wide swathes of companies to temporarily shut down, hitting demand for metals such as aluminium, zinc and nickel.

Jun 01 - China braces for aluminium import wave as coronavirus recovery upends trade 
China's imports of aluminium are about to hit their highest levels in a decade, traders and analysts said, as an arbitrage opportunity created by demand recovery after its coronavirus outbreak makes it cheaper to buy metal from outside the country. China, the world's top producer of the metal used in everything from cars to cans, normally has little need to import primary aluminium, made from alumina rather than scrap. Imports for all of 2019 totalled just over 75,000 tonnes versus output of 35 million tonnes.  

Jun 01 - Pandemic saps union clout as talks loom with Chile copper miners
Chile's powerful copper unions are headed into contract talks with a hand weakened by the coronavirus pandemic, giving an edge to miners like Codelco, Glencore and Antofagasta in negotiations that could influence wages and benefits for years. Chile's generally well-paid copper mine workers argue they should be adequately compensated for working in a riskier environment to keep pits open during the pandemic.

Jun 01 - As economies reboot, silver prices are poised to outperform gold - somewhat 
Global efforts to restart economies following coronavirus lockdowns are expected to boost silver demand, making prices of the metal, which slipped to an all-time low relative to gold during the crisis, liable for a stronger rebound. The gold-to-silver ratio, which measures the number of silver ounces needed to buy an ounce of gold, hit a record 124 in March. By Thursday it had retreated to 98.6, but was still well above the 20-year average of 65 calculated by Reuters. 

Jun 01 - Gold M&A back on the agenda as coronavirus restrictions ease 
A lull in corporate takeover activity among gold miners is expected to end as new coronavirus-linked travel restrictions are lifted in coming months, clearing the way for prospective buyers, industry executives and fund managers said. Deals this year have been hobbled by lockdown measures to curb the spread of the virus, preventing acquirers from travelling to inspect acquisition targets. 

Jun 01 - Copper gets a warning the worst may be yet to come: Andy Home 
"Have metal markets forgotten about corona?" The question, posed by analysts at Commerzbank in the title of a May 28 research note, captures the latent optimism the worst of COVID-19 may be over for industrial metals such as copper. The current London Metal Exchange (LME) copper price of $5,360 per tonne may be down by 13% on the start of January but it has also staged a significant recovery from its March low of $4,371. 

Jun 01 - Rio Tinto apologises for blowing up 46,000-year-old Aboriginal site 
Rio Tinto apologised for the destruction of a sacred Aboriginal cave in Western Australia that showed evidence of continual habitation dating back 46,000 years, and said it would urgently review its plans for other sites in the area. Rio Tinto blew up the cave last week in Juukan Gorge, about 1,075 km (667 miles) north of Perth, as part of an expansion programme in the Pilbara iron ore region, provoking a local outcry and calls for reform of heritage protection laws.

Jun 01 - Russia's Polyus says posts Q1 net loss of $389 mln 
Russia's top gold producer Polyus said on Monday it had posted a net loss of $389 million in the first quarter of 2020, down from a profit of $697 million in the preceding three months. Adjusted core earnings were at $589 million in the first quarter, down 33% compared to the fourth quarter of 2019, while total revenue was at $872 million, down 32%.

Jun 01 - Speculators cut bullish bets on COMEX gold - CFTC 
Hedge funds and money managers cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also trimmed their net short position in copper futures and options, the CFTC data showed.

Jun 01 - Indonesia processing requests for deep-sea mining waste disposal, says gov't official 
Indonesian authorities are considering two companies' requests to dispose mining waste into the ocean, a senior government official said on Sunday, at a time of heightened sensitivity about the environmental impact of mining. The requests come as mining waste management is increasingly scrutinised after a nickel plant in neighbouring Papua New Guinea spilled red mud into the sea last year due to an operational failure.