Base & Precious Metals News

Sep 17 - U.S. charges JPMorgan metals traders over alleged market manipulation 
The Department of Justice charged two current and one former JPMorgan Chase & Co executives on Monday with alleged racketeering and manipulating prices of metals such as gold, silver, platinum and palladium between 2008 and 2016. The charges came from an "ongoing" investigation into alleged fraudulent trading practices at JPMorgan that generated "millions of dollars in profit" for the bank and "tens of millions of dollars of losses" for its customers, said Brian Benczkowski, an assistant attorney general.

Sep 17 - China's Dalian Exchange adds brands deliverable for iron ore futures 
China's Dalian Commodity Exchange has introduced a brand-based system for iron ore contracts slated for delivery September 2020 onwards after some low quality shipments in the past, the exchange said on Monday evening. The exchange has launched brand premiums and discounts in addition to adjusting delivery based on chemical specifications to strengthen the price representativeness, it said in a statement sent to Reuters.

Sep 17 - China steel, iron ore sectors bet on stimulus hopes over economic reality: Russell 
Is it time to challenge the conventional wisdom in iron ore and steel markets that poor Chinese economic data is actually good news because it means Beijing will ramp up stimulus spending, thereby boosting demand? The current thinking of 'bad data equals good news' was on display this week, with steel prices rallying after economic news showed a deepening slowdown in China's factory and consumer sectors.

Sep 17 - Greece seeks new mining jobs, higher royalties in talks with Eldorado 
Greece is in talks with Canada's Eldorado Gold to secure higher royalties from its mining development projects and new jobs, Energy Minister Kostis Hatzidakis said on Monday. Vancouver-based miner Eldorado has two operating mines and two development projects in northern Greece and its planned investment is viewed as one of the biggest in the country in years.

Sep 17 - China Moly wins latest Fanya metal auction with $461 mln bid 
China Molybdenum Co on Tuesday held off fierce competition from a rival bidder to win an auction of ammonium paratungstate (APT) inventory, formerly held by the Fanya Metal Exchange, for 3.27 billion yuan ($461.49 million). The series of auctions by the Kunming Intermediate People's court, hosted on e-commerce platform Taobao, are being closely watched by former investors in Fanya who are owed money after the exchange collapsed in 2015, as well as minor metal traders given the large volumes coming on to the market. 

Sep 17 - Turkey's steel sector could face losses after cuts to EU quotas - industry chief 
New restrictions on imports to the European Union next month may further damage the Turkish steel sector, even as it seeks new markets to compensate for losses from U.S. and EU tariffs, Turkey's Steel Exporters' Association (CIB) chief said. Turkey's steel sector has come under pressure from an economic slowdown which has taken its toll on the construction, automotive and white goods sectors, driving down steel consumption by 31% in the year to July and production by more than 10%.

Sep 17 - AngloGold Ashanti, B2Gold in deal over Colombia project 
AngloGold Ashanti Ltd has entered into an agreement with B2Gold at its Gramalote project in Colombia that will see its Canadian joint venture partner raise its stake and assume management of the project. AngloGold Ashanti said as part of the agreement B2Gold will fund investment and exploration to the value of $13.9 million at the project next year in return for taking its stake up to 50% and will assume management of the project in January 2020.

Sep 16 - China aluminium output slips in August amid smelter outages
China's primary aluminium output in August fell 0.5% from the previous month, according to data released by the National Bureau of Statistics (NBS) on Monday, as unexpected outages at two key smelters dented production. China, the world's top aluminium producer, churned out 2.97 million tonnes of the metal last month, the data showed.

Sep 16 - Sliding Japan premium confirms aluminium's demand problem: Andy Home  
A sharp fall in Japanese physical premiums for fourth quarter shipments is the latest sign that aluminium is not immune from the demand weakness that is sapping the industrial metals complex. The timing, however, is ironic. Years of chronic overproduction appeared to be coming to an end with global output actually falling so far this year and large off-market stocks finally starting to diminish.

Sep 16 - China's August steel output recovers before expected stricter curbs 
China's monthly crude steel output picked up in August, after falling for two straight months, official data showed on Monday, as mills boosted output ahead of production cuts expected to kick in by October as part of Beijing's anti-pollution drive. Total crude steel production was 87.25 million tonnes last month, data from the National Bureau of Statistics (NBS) showed, up 2.4% from 85.22 million tonnes in July and up 9.3% from a year earlier.

Sep 16 - UK court approves Barrick Gold's takeover of Acacia
Canadian miner Barrick Gold has won approval from a British court for its $1.2 billion takeover of Acacia Mining, the African gold miner said on Friday, removing the last hurdle to the conclusion of the deal. The approval comes after London-listed Acacia agreed in July to a sweetened offer from its parent Barrick, a deal that raised expectations that Acacia's long-running tax dispute with the Tanzanian government would finally come to an end.

Sep 16 - Nyrstar temporarily reopens old lead plant in South Australia
Belgium's Nyrstar has temporarily reopened an old lead processing plant in the state of South Australia after receiving a permit from the state's environmental protection authority (EPA), it said on Monday. Nyrstar, which was taken over by global trading house Trafigura in late July, had shut down its modern lead smelter furnace in Port Pirie, Australia, after an incident in early August in a second disruption at the plant this year.

Sep 16 - Speculators cut bullish COMEX gold, silver bets - CFTC 
Hedge funds and money managers reduced their bullish positions in COMEX gold and silver contracts in the week to Sept. 10, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also trimmed a net short position in copper futures and options, the CFTC data showed.

Sep 16 - Newmont Goldcorp temporarily suspends operations at Peñasquito gold mine in Mexico
Newmont Goldcorp said on Sunday it has temporarily suspended operations at the Peñasquito gold mine in Mexico after the resumption of a previously lifted blockade by a trucking contractor and some members of the Cedros community. ".... dialogue sponsored by the government of Mexico to resolve issues with a trucking contractor and the San Juan de Cedros community has been suspended and that an illegal blockade has resumed," the company said in a statement, adding that its operations at the mine will remain suspended while the blockade persists. 

Sep 16 - Chile's Codelco CEO sees copper price down through 2020 -local media
The chief executive of Codelco, the world's top copper producing company, said copper prices will remain depressed through next year, a result of the continuing uncertainty caused by global trade tensions, according to a report in local media. Octavio Araneda, who recently replaced long-time miner and CEO Nelson Pizarro at the helm of Codelco, told daily La Tercera on a tour of the state miner's operations in northern Chile that Codelco would instead seek to immediately boost production.

Sep 16 - Brazilian state signs $2.2 bln 'mega-dam' deal with Chinese miner - report
The Brazilian state of Minas Gerais has signed a protocol of intent with Sul Americana de Metais, a unit of Chinese miner Honbridge Holdings, for the construction of a 9.1 billion reais ($2.2 billion) mining complex, newspaper O Estado de Sao Paulo reported on Saturday. The agreement, signed on Thursday, will include the construction of a 845 million square meters (208,804 acres)tailing dam, which will be one of the largest in Brazil, according to the report.

Sep 16 - Petra Diamonds posts 22% drop in annual profit 
Petra Diamonds reported a 22% fall in annual profit on Monday as the precious metals miner grappled with a weak diamond market, and the company also said its non-executive chairman plans to step down. The miner, which has been fixing its balance sheet following years of pouring millions of dollars to revive its flagship Cullinan mine, said its net debt adjusted for diamond debtors stood at $541 million as of June 30.

Sep 13 - Hong Kong gold market losing shine amid political unrest
Long-running and sometimes violent street protests in Hong Kong are helping tarnish its lustre as the main physical gateway of gold to China, the world's top bullion buyer. Clashes between anti-government activists and police in the regional financial hub are spooking tourists and subduing jewellery sales amid concerns about the logistics of shipping the precious metal out of the city.

Sep 13 - LME plans to allow longer warehouse queues will cost consumers
London Metal Exchange's plans to allow extended queues for loading out metal will enable warehouses in its network to boost their profits by holding metal for longer, but consumers will face higher costs as a result, metal industry sources said. In response to a consultation on the changes, warehouse firms have come out in favour but consumers remain opposed.

Sep 13 - PNG demands Wafi-Golpu gold stays in-country, urges Newcrest, Harmony talks
Papua New Guinea wants to keep 40% of gold produced from the proposed Wafi-Golpu project, the country's commerce minister said, creating a potential hurdle to an agreement with co-owners Newcrest Mining and Harmony Gold. The miners had been hoping to secure a mining lease over the major gold and copper deposit earlier this year, before a change in PNG's leadership and a shift in minerals policy led to delays. 

Sep 13 - Two JPMorgan metals executives put on leave amid U.S. probe - source
Two JPMorgan Chase & Co employees, including a top metals trading executive, have been placed on leave in response to a U.S. criminal investigation into the bank’s metals trading practices, according to a source familiar with the matter. Michael Nowak and Gregg Smith are on leave, the source said on Thursday, making them the third and fourth JPMorgan employees to be connected to the criminal investigation that has resulted in guilty pleas from two former JPMorgan metals traders.

Sep 13 - China's CNGR to boost output despite bad year for battery market
Chinese electric vehicle (EV) battery material firm CNGR Advanced Material Co is boosting output to seize market share despite a bad year for the sector, a company official said on Thursday. The move comes as the EV battery market is facing a challenging year with high prices of raw material nickel and weaker sales for the EV industry in China, the world's biggest EV battery producer. "This year is a tough year, a suffering year for the EV market, for the whole supply chain. 

Sep 13 - Paulson's gold investor group urges deals, costs purge
Gold bull John Paulson's investor coalition on Thursday urged the world's largest gold miners to immediately cut what it called excessive governance and administrative (G&A) costs and said smaller rivals should pursue no-premium mergers to boost shareholder returns. Concerns over global growth and trade uncertainties have pushed gold prices to multi-year highs, stoking expectations of deals among miners and reviving anxieties over cost control. 

Sep 13 - Brazilian lithium producer Sigma in talks with Tesla, other automakers
Brazil-based lithium startup Sigma Lithium Resources Corp has held talks with Tesla Inc and other automakers about supplying the key battery ingredient in the coming years, the company's chief executive said on Thursday. Sigma, which recently received its license to begin hard rock lithium mining in the Brazilian state of Minas Gerais, met with Tesla supplier Ganfeng Lithium, at the automaker's request. 

Sep 13 - De Beers Namibia diamond venture sells mine to local consortium
Namdeb Holdings Limited, a joint venture between the Namibian Government and Anglo American's diamond unit De Beers Group, said on Thursday that it has sold Elizabeth Bay Mine and its associated marine assets as a going concern to Lewcor, a 100% Namibian-owned consortium. Namdeb, which unsuccessfully explored a variety of options to extend the life of its Elizabeth Bay Mine beyond 2019, ceased operations in September 2018 because it could no longer run the operation economically.

Sep 12 - Miners welcome Indonesian export ore ban, plan smelting expansion
Large mining companies on Wednesday welcomed a recent decision by the Indonesian government to move forward a ban on exporting nickel ore, as the firms aim to increase smelting output. Top nickel ore supplier Indonesia last month said the country will stop ore export from Jan. 1, 2020, pushing forward a ban by two years and raising concerns of supply shortage as well as causing financing issues for smaller players. 

Sep 12 - World Gold Council sets out environmental, ethical mining guidelines
The World Gold Council (WGC) on Thursday published a set of guidelines for gold miners designed to encourage high environmental and ethical standards. The guidelines are the latest industry code of conduct responding to rising pressure from consumers, NGOs and governments to ensure the gold market is free from criminality, rights abuses and benefits local communities.

Sep 12 - Global mining panel looks to boost accountability after Brazil disaster
New safety standards being drawn up by a global mining industry panel will include rules to better define management accountability after Vale SA's January tailings dam disaster, a top industry official said on Wednesday. The governance standards would help ensure independent reviews of dams and adequate disclosure of risks, said Tom Butler, president of the International Council on Mining and Metals.

Sep 12 - Philippine nickel ore output may rise, but return to 2014 peak level unlikely - industry head
Philippine nickel miners are likely to ramp up ore output by next year, but their production capacity is limited by a number of factors, including government-imposed mining curbs, the head of the local industry lobby group said on Wednesday. The Southeast Asian nation's nickel ore output may rise in 2020 mining season, but the volume is unlikely to return to the 2014 record-high level of about 50 million tonnes, said Dante Bravo, president of the Philippine Nickel Industry Association.

Sep 12 - Chilean lithium producer SQM bullish on white gold demand; shares rise
Shares in Chilean lithium producer SQM jumped on Wednesday after it announced plans to invest about $2.1 billion in the next five years to strengthen its production amid an expected increase in demand for the ultralight battery metal. About $1.332 billion of this investment would be in lithium operations, with further amounts going towards growing its nitrates and iodine capacity and maintenance between 2019 to 2023, Chief Executive Ricardo Ramos said in a presentation to investors in New York on Tuesday.

Sep 12 - Shareholders of Australia's Havilah Resources vote against $70 mln investment
Copper-gold explorer Havilah Resources Ltd on Thursday said a majority of shareholders voted against a proposed A$100 million ($69 million) investment by GFG Alliance member OneSteel Manufacturing Pty Ltd. In May, privately-held industrial conglomerate GFG Alliance said it would spend up to A$100 million to get a controlling interest in Havilah to provide materials for its Australian copper and steel business. 

Sep 12 - Mitsui to expand LNG, iron ore assets despite signs of slowing economies
Japanese trading house Mitsui & Co plans to expand its liquefied natural gas (LNG) and iron ore assets to meet growing demand in Asia despite signs of a slowing global economy amid a prolonged U.S.-China trade row, its senior executive said. "Energy and natural resources are our core growth driver and we will keep strengthening this area," Yukio Takebe, Mitsui's executive vice president, told Reuters in an interview on Tuesday.

Sep 11 - China's tin production cuts halt price slide...for now: Andy Home
Chinese tin smelters have announced their intention to cut production in the face of low prices. The collective statement of intent has had its intended effect, halting a five-month slide in the London Metal Exchange (LME) tin price and triggering a strong bounce from August's three-year low of $15,565 per tonne to a current $17,300.

Sep 11 - Philippine regulator recommends lifting suspension on nickel miner
The Philippines' mining watchdog has recommended lifting the suspension of a small-sized nickel miner, one of several ore producers ordered in 2016 to halt operations in an industry-wide crackdown, a senior government official said on Wednesday. The Mines and Geosciences Bureau (MGB) recommended that Zambales Diversified Metals Corp - one of two nickel subsidiaries of DMCI Mining Corp - be allowed to resume mining operations, Environment Undersecretary Analiza Teh said.

Sep 11 - Norsk Hydro to shutter some aluminium foil production in Germany, lay off workers
Norsk Hydro, one of the world's largest aluminium producers, said on Tuesday it would close some production in Germany and could lay off more than 700 workers in a bid to increase profitability at its rolled products business. The restructuring, expected to cost around 160 million euros ($177 million), includes closing parts of foil production at the Grevenbroich plant in Germany, as well as cost-saving measures across the group, the company said in a statement.

Sep 11 - Nationwide mining strike in Peru has no impacts on output - industry group
An indefinite strike by mining unions in Peru that started on Tuesday has failed to draw large numbers of workers and has not affected output at mines in the world's No.2 copper, zinc, and silver producer, an industry association said. Mines across the South American country were operating normally, the National Society of Mining, Petroleum, and Energy (SNMPE) said in a statement, calling the strike for broader benefits organized by a federation of mining unions a "failure."

Sep 10 - Philippines H1 nickel ore output rises 3% despite mine shutdowns
Nickel ore output in the Philippines, one of the world's two biggest producers of the material for stainless steel and batteries, rose 3% in the first half despite zero production at more than half the country's mines, government data showed. The Southeast Asian country, which sells most of its nickel ore to top buyer China, produced 11.31 million dry metric tonnes of the material between January and June, compared with 11.01 million tonnes in the same period last year, the Mines and Geosciences Bureau (MGB) said on Tuesday.

Sep 10 - Philippine nickel miner to expand to cash in on Indonesia export ban
Marcventures Holdings Inc said on Tuesday it plans to develop and put a new mine into commercial operation by 2021, as the Philippine nickel ore producer seeks to take advantage of Indonesia's ban on exports of the raw material. Indonesia has decided to stop nickel ore exports from Jan. 1, 2020, two years earlier than initially flagged as it speeds up efforts to process more of its resources at home.

Sep 10 - Copper finely poised between negative macro and robust micro: Andy Home
Copper last week hit a year-to-date low of $5,518 per tonne in the London market as the macroeconomic picture becomes ever gloomier. Funds remain heavily short, betting that copper demand is set to worsen amid what is looking like a synchronised downturn in the global manufacturing sector.

Sep 10 - Russia's Alrosa seeks to brighten up its fluorescent diamond sales
Russia's Alrosa is talking to several global jewellery retailers about jointly marketing the miner's jewellery brand that uses fluorescent diamonds, as it strives to create a new niche for the natural stones. Diamond miners, which have long excelled at marketing, are seeking new approaches to battle falling demand and competition from diamonds manufactured in laboratories.

Sep 10 - First Cobalt favors quick restart of Canadian refinery
First Cobalt Corp favors a quick restart of its idled cobalt refinery in Canada and will begin assessing the plant's condition next week, Chief Executive Trent Mell said on Monday. The Toronto-based company has secured agreements under which commodity trader Glencore Plc would supply cobalt feedstock to the plant, with initial production targeted of about 2,000 to 2,500 tonnes per year.

Sep 09 - China's August iron ore imports jump on growing supply, stable demand
China's iron ore imports rose again in August to a 19-month high, customs data showed on Sunday, boosted by rebounding supplies from big miners and mills replenishing inventory as demand stabilised. Arrivals of the steelmaking raw material totalled 94.85 million tonnes last month, up 4.2% from 91.02 million tonnes in July, to mark the highest level of imports since January 2018.

Sep 09 - China Aug copper imports, aluminium exports fall as slowdown bites
China's unwrought copper imports fell in August after a bounce in the previous month, customs data showed on Sunday, as a slowdown in the world's top copper consumer raises concerns over demand for the metal, while aluminium exports also dipped. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China stood at 404,000 tonnes last month, the General Administration of Customs said. 

Sep 09 - Australia's Nickel Mines to limit stake hike option in Indonesian project
Nickel Mines Ltd said on Monday the company and its Chinese partner in the Hengjaya Nickel Industry (HNI) project in Indonesia have agreed to amend two contractual terms, including limiting the option for the miner to raise its stake in the project. The move comes at a time when Indonesia has said it would stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, as it speeds up efforts to process more of its resources at home. 

Sep 09 - Speculators raise bullish COMEX gold, silver bets - CFTC
Hedge funds and money managers upped their bullish positions in COMEX gold and silver contracts in the week to Sept. 3, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators boosted a net short position in copper futures and options, the CFTC data showed.

Sep 09 - Japan buyer agrees to pay Q4 aluminium premium of $97/T, 10% lower than Q3
A Japanese aluminium buyer has agreed to pay a global producer a premium of $97 per tonne over the benchmark price for shipments in October to December, down 10% from the previous quarter, a source directly involved in the pricing talks said. The figure is lower than the $108 per tonne paid in the July-September quarter and marks a first quarterly drop in three. It is also lower than the initial offers of $105-$115 made by producers. 

Sep 09 - Mining investor Friedland clinches deal on Guinea's Nimba iron ore
American-Canadian mining investor Robert Friedland is set to control Guinea's Mount Nimba iron ore deposit in a deal signed by his High Power Exploration (HPX) company with the west African country late on Thursday. Friedland, who is CEO of HPX as well as the founder and executive chairman of Ivanhoe Mines, has a long history of finding and developing remote mineral deposits in countries including Mongolia and Democratic Republic of Congo.

Sep 09 - Colombia coal, gold and nickel output down year-on-year in 2nd quarter
Colombia, the world's fifth-largest exporter of coal, produced 18.9 million tonnes of the fuel in the second quarter, down 4.5% from the same period in 2018, the government said on Friday. Coal production in the South American country was 19.8 million tonnes between April and June last year. Leading coal companies have forecast that production and exports are likely to remain stable in 2019. The Andean country produced 84.3 million tonnes over the course of 2018.

Sep 06 - Rampant investor demand eats into platinum oversupply - WPIC
Resurgent investor demand for platinum will drive overall consumption of the metal up 9% this year and lead to a lower surplus, the World Platinum Investment Council (WPIC) said on Friday. The WPIC in its latest quarterly report cut its estimate of oversupply in the roughly 8 million ounce a year platinum market to 345,000 ounces from 375,000 ounces three months ago. 

Sep 06 - Zinc market still awaiting proof of expected supply surge: Andy Home
Where's the zinc surplus? The zinc market has been trading the supply surplus story since April, the London price falling from the year-to-date high of $2,958 per tonne to Monday's three-year low of $2,190.

Sep 06 - Australia's Port Hedland iron ore shipments to China jump 10% in Aug
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, rose more than 10% in August from a month earlier, port data showed on Friday. Shipments to China jumped to 38.14 million tonnes in August from 34.53 million tonnes in July, the Pilbara Ports Authority said. August's number was up 7% from the 35.53 million tonnes shipped to China in the same month in a year earlier.

Sep 06 - Mexican official says U.S. duties on steel not tied to migration
New U.S. duties imposed on steel are "totally" a trade issue and not related to migration or national security, a Mexican official said on Thursday, at the end of a 90-day period for Mexico to curb U.S.-bound migration from Central America. Mexico's deputy foreign minister for North America, Jesus Seade, made the remark in a Twitter post after the U.S. Commerce Department said it imposed duties on Chinese and Mexican structural steel.

Sep 06 - Japan's retail gold price clambers to highest since 1980 amid global economy jitters
The retail price of physical gold in Japan climbed to its highest in nearly 40 years on Thursday, a surge accentuated by fluctuations in the value of the yen but mirroring a global hunt for the safe-haven precious metal amid worries that the U.S.-China trade row could further depress the global economy. Japan's biggest gold retailer Tanaka Kikinzoku said the retail price of refined gold, revised once a day in yen, stood at 5,325 yen ($49.99) per gramme on Thursday, not including consumption tax, up 0.7% from Wednesday.

Sep 06 - Australia's Lynas eyes Kalgoorlie for initial processing site
Australian rare earths producer Lynas Corp said on Friday it signed an agreement with the outback town of Kalgoorlie to explore a potential initial ore processing site as it tries to soothe concerns in Malaysia about radioactive waste. Lynas, the largest rare earths producer outside China, signed a memorandum of understanding (MoU) with the mining town, where the city will help attract workers for the potential processing site.

Sep 06 - Australia's Poseidon Nickel to restart Black Swan project as nickel prices surge
Poseidon Nickel Ltd, buoyed by a recent surge in nickel prices, said on Friday it would restart operations at its Black Swan project in Western Australia. Prices of Nickel surged this week after Indonesia, the world's biggest nickel ore producer, said it would stop exports from the start of next year, two years earlier than it initially indicated.

Sep 05 - Glencore's risk appetite dwindles, fueling focus on safer regions 
Glencore Inc's penchant for risk has long been mining industry lore, but the company is quickly expanding into a part of the world that would have been improbable just a few years ago: Minnesota. The Swiss-based commodity trader took majority control last June of PolyMet Mining Corp, which is developing a mine in the Midwest state near the Canadian border estimated to hold a century's worth of copper and nickel, critical to the development of electric vehicles.

Sep 05 - LME's gold, silver contracts in doubt as Societe Generale pulls out 
The London Metal Exchange's gold and silver futures are being thrown into doubt, with the imminent resignation of Societe Generale as a market maker threatening to deepen a decline in trading activity, three sources said. SocGen, one of five lenders that partnered with the LME to launch the contracts in 2017, is expected to resign shortly as a market maker, taking the number of banks committed to offering tradeable prices to two -- Goldman Sachs and Morgan Stanley, the sources said.

Sep 05 - Tin prices jump after China's Yunnan Tin flags output cuts 
Tin prices jumped in Shanghai and London on Thursday after Yunnan Tin, the world's biggest refined tin producer, said it was cutting production as part of a joint action by Chinese smelters in response to tight ore supply. The most traded tin contract on the Shanghai Futures Exchange, for delivery in January 2020, rose as much as 4.8% to 145,090 yuan ($20,455.96) a tonne, its highest since June 19, after Yunnan Tin said its 2019 refined output "will be reduced by about 10% compared with the annual production plan."

Sep 05 - U.S. imposes duties on structural steel from China, Mexico 
The U.S. Commerce Department said on Wednesday it imposed duties on Chinese and Mexican structural steel after making a preliminary determination that producers in both countries had dumped fabricated structural steel on the U.S. market at prices below fair market value. The department said it imposed duties of up to 141% on Chinese structural steel and up to 31% on Mexican structural steel and will begin collecting cash deposits for imports based on those rates.

Sep 05 - U.S. sues to stop Novelis purchase of Aleris 
The U.S. Justice Department on Wednesday filed a lawsuit aimed at stopping Novelis Inc's  proposed $2.6 billion purchase of Aleris Corp because of concern over higher prices for aluminum sheet used to make cars. The department said in a statement that the deal would combine two of the four major North American producers of aluminum to make automobile bodies. The department described Ohio-based Aleris as an "aggressive competitor" and said the deal would give Novelis up to 60% of projected domestic capacity.

Sep 05 - EU countries back tighter controls on steel imports 
EU governments approved limits to steel quotas on Wednesday designed to protect European manufacturers from the threat of surging imports following the effective closure of the U.S. market. A large majority of EU countries voted to back changes proposed by the European Commission, EU diplomats said. The bloc has had in place for a year as system of "safeguard" measures to control the incoming steel following Washington's imposition of 25% steel import tariffs.

Sep 05 - S.Africa's Impala Platinum swings to profit, delays closure of shafts 
South Africa's Impala Platinum Holdings Ltd (Implats) on Thursday said it swung to an annual profit thanks to higher sales volumes, higher rhodium and palladium prices and improved performance at its Rustenburg mine. A surge in the metals prices has thrown struggling South African mining companies a lifeline and the company also said it had delayed the closure of some of its shafts and plans to contract out mining of Shaft 1, which was originally put up for sale. 

Sep 05 - Malaysia firms up bauxite mining, export operating procedures 
Malaysia announced on Thursday it has finalized new operating procedures for bauxite mining and export activities based on an earlier draft proposal after discussions with various stakeholders including miners and green groups. The new operating procedures include capping monthly bauxite exports at 600,000 tonnes. 

Sep 05 - Malaysia defends move to extend licence for rare earth firm Lynas 
Malaysia's government said on Wednesday its decision last month to extend a licence for Australia's Lynas Corp for processing rare earth minerals aimed to show investors that the Southeast Asian nation was open for business and preserve 600 jobs. Some politicians within Prime Minister Mahathir Mohamad's ruling coalition had promised to halt the firm's operations when campaigning in the May 2018 election, after concerns were raised by politicians and activists about the production of radioactive waste from the process.

Sep 05 - Australia's Orion wins OK to develop $263 mln S.Africa zinc-copper project 
South Africa's mines ministry on Thursday said Australia's Orion Minerals could go ahead with development of a 4 billion rand ($263 million) copper-zinc project in Northern Cape province. "This latest investment confirms that South Africa remains a preferred investment destination for mining," the Department of Mineral Resources and Energy said in a statement.

Sep 05 - Mantos Copper clinches $250 mln in financing for northern Chile mine 
Mantos Copper said on Wednesday that it had clinched $250 million in financing to extend the life of its Mantos Blancos copper mine in northern Chile. The financing, gathered from several sources, will fund a project aimed at allowing the mine to operate through 2035, while at the same time reducing costs.

Sep 04 - Indonesia sees surge in nickel-related exports after ore export ban
Indonesia's ban on nickel ore exports could boost the country's earnings from the metal five-fold in the next five years through growth in industries such as stainless steel and battery materials, a minister said on Wednesday. In a move that threatens to cut global supply, the world's top nickel miner said this week it would stop nickel ore exports from Jan. 1, 2020, two years earlier than initially indicated, to promote more domestic processing. 

Sep 04 - India's August gold imports hit 3-yr low as prices jump to record - govt source 
India's gold imports in August plunged 73% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import duty curtailed retail purchases of the precious metal, a government source said on Wednesday. Lower imports by the world's second biggest consumer could cap gains in global prices that are trading near their highest level in over six years, but help the south Asian country in bringing down the trade deficit and supporting rupee.

Sep 04 - GFG Alliance puts on hold steel unit's $675 mln Australian IPO - sources 
GFG Alliance has delayed a planned A$1 billion ($675 million) listing of parts of its Australian Liberty Steel unit until at least next year as a result of market volatility, two people with knowledge of the matter said. Work had been underway to float parts of the steel business within the next two months in what would have been, according to Refnitiv, the largest listing in Australia since July 2018 when Viva Energy raised A$2.6 billion.

Sep 04 - Nickel's perfect bull storm as Indonesia bans exports again: Andy Home 
Whatever happened to that old market adage of buying the rumour and selling the fact? Nickel investors bought heavily into rumours that the Indonesian government was thinking about bringing forward a ban on nickel ore exports. Now the ban has been confirmed for the start of next year rather than the original 2022 deadline, they have bought some more.

Sep 04 - China's CATL buys into beaten down Australian lithium miner Pilbara 
Chinese battery firm CATL has taken a stake in Australian lithium miner Pilbara Minerals, both companies said on Wednesday, after a supply glut hammered the sector and forced Pilbarato raise equity to fund working capital. CATL, one of China's leading electric-vehicle battery makers, has bought an 8.5% stake in Pilbara as part of a A$91.5 million ($61.8 million) capital raising, Pilbara said in an exchange filing.

Sep 04 - Zambia mining firms say mineral royalties should be capped at 7.5%
Zambia should keep mineral royalties capped at 7.5% in the 2020 budget to safeguard the health of the mining sector and promote additional investment, the Chamber of Mines said on Tuesday. The mining body said in proposals submitted to the finance ministry that the 2019 mining tax regime had raised the tax burden on mines to unsustainable and uncompetitive levels.

Sep 04 - Greece issues permits for Eldorado Gold's Skouries and Olympias mine 
Canadian miner Eldorado Gold Corp on Tuesday said it has received installation permits for its stalled Skouries mine project, and Olympias mines from the Greece's Ministry of Energy and Environment. The permit will allow for the installation of mechanical and electrical equipment in the Skouries mine, which has struggled with permit delays for years.

Sep 03 - Short-term pain, long-term gain: Indonesia could plug nickel pig iron gap
Indonesia may be able to plug an expected shortfall in nickel pig iron (NPI) supplies caused by its nickel ore export ban starting next year by boosting its own capacity to produce the semi-finished metal used to make stainless steel. China, the world's biggest nickel user, has traditionally imported nickel ore from Indonesia, the world's biggest ore producer, to produce NPI to make stainless steel. But that supply chain will be disrupted by the ore export ban set to start on Jan. 1, part of Indonesia's push to develop a higher-value domestic metal processing industry. 

Sep 03 - Glencore wins transfer tax dispute over Australian copper payments
Global mining and trading giant Glencore has won a dispute with Australia's Taxation Office after a judge found it had paid the correct amount of tax on purchases of copper concentrate from a mine that it owns in New South Wales state. Australia's Tax Commissioner alleged that Glencore's Swiss head office had failed to pay market rates for the copper it bought from its CSA mine in 2007, 2008 and 2009, and raised its assessment of tax owed by A$92.6 million ($62.5 million).

Sep 03 - India's seizures of smuggled gold jumps in June quarter - govt official
Indian custom officials have seized 1,197.7 kg of smuggled gold in the April-June quarter, an increase of 23.2% compared with the same period a year ago, a government official said on Monday. The illegal trade could rise further in coming months as India, the world's second biggest gold consumer, raised an import tax on gold by 2.5 percentage points to 12.5% in July's federal budget, effectively increasing smugglers' margins, industry officials told Reuters. 

Sep 03 - India's Tata Steel to shut some operations in UK, 400 jobs at stake
India's Tata Steel Ltd said on Monday it would shut parts of its non-core businesses in the United Kingdom, a move that could cost about 400 jobs. The steelmaker proposed to close its loss-making Orb Electrical Steels site in South Wales, potentially affecting up to 380 jobs, as it was "unable to find a way forward" for the business, it said in a filing to Indian stock exchanges.

Sep 03 - China's top steelmaking city Tangshan implements anti-pollution curbs - media
China's biggest steelmaking city of Tangshan will carry out output restrictions on industrial firms for September and early October, to further strengthen improvement of its air quality, state media reported on Tuesday. More than 30 steel mills in Tangshan have been asked to cut operations throughout the month. From Sept. 1 to 27, sintering operations at mills will be cut between 20% and 50% and blast furnaces by 30%, the state-backed China Metallurgical News cited a notice issued by Tangshan government. 

Sep 03 - South African mining union says de-registration halted
South Africa's Association of Mineworkers and Construction Union (AMCU) said on Monday its threatened de-registration for not complying with labour laws had been halted and that it was in the process of meeting government requirements. In April, the government's labour registrar said he intended to cancel registration of AMCU, one of the nation's largest and most militant unions, because it was "not a genuine trade union" as envisaged in the Labour Relations Act. 

Sep 03 - Perth Mint's August silver sales jump about 19%, gold sales inch higher
The Perth Mint's silver sales soared 18.7% in August from a month earlier, the refiner said on Monday, while gold product sales inched higher. Silver coin sales surged to 1,171,233 ounces, the highest monthly sales since June 2017.

Sep 02 - U.S. Cash Market Prices for Metals and Scrap metals are unavailable
Data for USA cash market prices for all Metals and Scraps will be unavailable due to Labor Day Federal Holiday.

Sep 02 - Philippine nickel miners to boost ore output as Indonesia sets ban on shipments
Philippine nickel miners are expected to boost ore production next year when Indonesia bans exports of the raw material used in stainless steel and batteries, the head of the local nickel miners' lobby group told Reuters on Monday. "This supposed export ban from Indonesia will boost production from the local miners, particularly next year once it takes effect simultaneous with the start of the mining season," Dante Bravo, president of the Philippine Nickel Industry Association, said.

Sep 02 - Australian lithium miners submerged by low prices
Having raced to ramp up lithium production over the past five years to exploit surging prices, Australian producers are now scrambling to cut supplies as prices plummet on falling demand in the world's top electric vehicle market. Miners say they see little respite from the difficult market conditions through year-end due to lower demand for the battery component after Beijing altered its subsidies to electric vehicle makers and a rise in global trade tensions. 

Sep 02 - Indonesia to stop nickel ore exports in January 2020 - official
Indonesia will effectively stop nickel ore exports from Jan. 1, 2020, Bambang Gatot Ariyono, the mining ministry's director general for coal and minerals, said on Monday, as the country moves ahead with efforts to process more of resources at home. The ban will be two years ahead of the initial schedule and will only apply to nickel ore exports, Ariyono told reporters, adding that exports of bauxite and copper concentrates can continue until 2022 as per the current rule.

Sep 02 - China Minmetals unit buys Fanya metal exchange antimony, rare earth stocks
The rare earths arm of state-owned China Minmetals Corp on Sunday bought metal and rare earth inventories formerly held by the defunct Fanya Metal Exchange as the sole bidder in online auctions, paying 780.4 million yuan ($110 million). China Minmetals Rare Earth Co bought three lots of antimony, terbium oxide and dysprosium oxide for starting prices set by the Kunming Intermediate People's Court, according to the e-commerce site that hosted the auction. The prices paid are below current market value.

Sep 02 - Rio Tinto takes GFG Alliance to arbitration over outstanding smelter payments
Rio Tinto Plc has triggered an arbitration process with billionaire industrialist Sanjeev Gupta's GFG Alliance because the company did not make final payments for its purchase of the Dunkerque aluminium smelter in France, Rio said on Monday. Rio sold the smelter to GFG for $500 million last year in what was a stand out deal for the emerging industrial powerhouse as it ramped up an acquisition spree. 

Sep 02 - Chile's Codelco to decide by early 2020 on Maricunga lithium project
Chile's state-owned Codelco, the world's top copper miner, will decide by early 2020 whether to pursue a joint lithium project with foreign-backed miner Salar Blanco, a company executive told Reuters on Friday. Codelco announced earlier this month a non-binding agreement with Salar Blanco to explore a joint venture in the Maricunga salt flat, the country's second largest in terms of reserves. Salar Blanco is 50% owned by Australia's Lithium Power International, with smaller stakes held by Canada’s Bearing Lithium and local capital.

Sep 02 - Lucrative aluminium financing deals amplify physical premiums in Europe
The large amount of aluminium tied up in financing deals, made more lucrative by cheaper credit, has eroded the benefits of lower benchmark prices for European consumers needing to buy on the spot market. Financing deals involve buying aluminium now and selling it forward for a higher price after storage, insurance and interest have been deducted.

Sep 02 - ArcelorMittal delays job cuts in Bosnian iron ore mines
ArcelorMittal will postpone the redundancy of 300 out of 800 workers at its iron ore mines in Bosnia while seeking to resolve outstanding issues with a regional government there, the company said on Friday. The world's largest steelmaker, whose plant in the central town of Zenica processes iron ore from its Omarska mines in Prijedor, said in May it planned to cut output by a third to 1 million tonnes and cut jobs from Sept. 1 to prolong the life of the mines.

Sep 02 - Saudi Arabia splits industry and mining from energy ministry
Saudi Arabia created a new ministry for industry and mineral resources, separating it from the kingdom's colossal energy ministry, and replaced the powerful head of the royal court, in a series of royal orders issued late on Friday. Bandar Alkhorayef, an investor and industrialist plucked from the private sector, was named to head the new entity, which will become independent on Jan. 1. The move appears to diminish the sprawling authority of Khalid al-Falih, who retains control of the energy portfolio and chairmanship of state oil giant Saudi Aramco.

Aug 30 - Sibanye-Stillwater in talks over AngloGold Ashanti's Mponeng mine 
Sibanye-Stillwater is in talks over a potential acquisition of the world's deepest gold mine, Mponeng, as current owner AngloGold Ashanti plans its South African exit, Sibanye said on Thursday. A spokesman for the diversified miner confirmed the talks, after AngloGold said in May that it would review divestment options for Mponeng and other South African assets to focus on higher returns elsewhere.

Aug 30 - Novelis' $2.6 bln Aleris deal set for EU green light - sources 
U.S. aluminium producer Novelis is set to secure EU antitrust approval for its $2.6 billion bid for Aleris, people familiar with the matter said on Thursday. Novelis, which is U.S.-based but owned by India's Hindalco Industries, has agreed to sell Aleris' Belgian plant, the people said, to address European Commission worries that the deal may reduce competition and lead to higher prices, hitting carmakers in particular.

Aug 30 - Nippon Steel to cut capex spending as U.S.-China trade war crimps demand 
Nippon Steel Corp will cut its planned capital expenditures for the three-year period to March 2021 by between 10% and 20% as weaker steel demand amid the U.S.-China trade war has eroded its profits, a company official said on Friday. With a planned capital expenditure budget of 1.7 trillion yen ($16 billion) during the period, the company could cut between 170 billion to 340 billion yen ($1.6 billion to $3.2 billion) in spending.

Aug 30 - Papua New Guinea may shut Chinese-owned nickel plant after spill 
A nickel processing plant owned by Metallurgical Corp of China (MCC) that spilled mine waste into Papua New Guinea's Basamuk Bay faces compensation claims and possibly closure, the head of the country's minerals authority said on Thursday. MCC's Ramu nickel plant located in Madang, on the country's northeastern coast, spilled waste into the bay over the weekend which caused the surrounding ocean to turn red and left a muddy residue on the rocky shoreline, according to locals and photographs of the incident.

Aug 30 - Jiangxi Copper H1 profit inches up as higher output offsets lower prices
Jiangxi Copper Co, one of China's biggest copper producers, said on Thursday net profit nudged up 1.8% year-on-year in the first half of 2019 as higher production offset lower copper prices. The Nanchang-based company's net income was 1.3 billion yuan ($183.28 million) for January-June, according to a filing to the Shanghai Stock Exchange, while revenues stood at 105 billion yuan, up 0.5% from a year earlier.

Aug 30 - Sierra Leoneans sue government for alleged environmental failings at diamond mine
Sierra Leoneans living next to the country's largest diamond mine are taking their government to West Africa's regional court for failing to protect them from alleged environmental lapses by the company that runs it, a subsidiary of Octea Limited The complaint, filed to the Economic Community of West African States (ECOWAS) court of justice on Thursday, alleges that the government failed to act when residents of Koidu, the largest city in the diamond-rich Kono district, complained about water contamination and damage to their houses from blasting at the mine.

Aug 30 - Australian regulator takes action against BlueScope for alleged cartel conduct
Australia's competition regulator on Friday said it started civil proceedings against BlueScope Steel for alleged cartel conduct in the supply of flat steel products. The Australian Competition & Consumer Commission (ACCC) said the proceedings related to allegations that between September 2013 and June 2014 a former BlueScope general manager of sales and marketing tried to get distributors in Australia and overseas manufacturers to enter agreements with price fixing provisions.

Aug 30 - Portugal vows to hold delayed lithium tender by year-end
Portugal is finalising plans for an international licensing tender for lithium exploration to take place this year, part of a government push to make the country Europe's top supplier of the metal for electric car batteries. The tender, which had been expected to take place by the end of 2018 and was then slated for June, will happen before the end of this year, the Environment and Energy Transition Ministry said on Thursday.

Aug 30 - Britain to fund steel in $480 million climate change package
Britain announced 390 million pounds ($480 million) of spending for low carbon technology on Thursday, most of which will go to the steel industry in a fund to help it reduce emissions. The announcement of the 250 million pound Clean Steel Fund was accompanied by a 100 million pound fund to develop the production of hydrogen, which emits no greenhouse gas when burned.

Aug 29 - Australia's Lynas says profit jumps 50 pct, eyes further growth
Australian rare earths producer Lynas Corp posted a 50% jump in annual profit on Thursday on record production, and said it is still to decide on a site for a planned heavy rare earths processing plant. Lynas, the largest rare earths producer outside China, reported net profit of A$80.0 million ($54.0 million) for the year to June 30, up from A$53.1 million a year ago.

Aug 29 - Nippon Steel eyes price hike, plant consolidation to shore up profits
Japan's top steelmaker Nippon Steel Corp aims to raise product prices and boost productivity by streamlining its manufacturing structure to help shore up faltering earnings, a senior executive told Reuters. Softening global steel demand for automobiles and machinery amid a prolonged U.S.-China trade row and higher raw materials costs battered the latest round of quarterly earnings at Japan's steelmakers, forcing many to cut their annual earnings forecasts. 

Aug 29 - Papua New Guinea may close Chinese-owned nickel plant after spill - regulator
A nickel processing plant owned by Metallurgical Corp of China (MCC) that spilled mine waste into Papua New Guinea's Basamuk Bay faces compensation claims and possibly closure, the head of the country's mining authority said on Thursday. MCC's Ramu nickel plant located in Madang, on the country's northeastern coast, spilled waste into the bay over the weekend which caused the surrounding ocean to turn red and left a muddy residue on the rocky shoreline, according to locals and photographs of the incident. 

Aug 29 - Slump in lithium prices hammers profits at China's Ganfeng
China's biggest lithium producer, Ganfeng Lithium Co saw its first-half profits plunge 59% as rising supply of the material used in batteries for electric cars caused a slump in prices. Ganfeng, which supplies lithium used in rechargeable batteries to electric vehicle (EV) maker Tesla, had flagged last month that it expected a sharp decline in first-half earnings. On Wednesday, it said its net income totalled 295.8 million yuan ($41.70 million) for January to June, versus a restated figure of 725.3 million yuan a year earlier.

Aug 28 - Pentagon in talks with Australia on rare earths plant - official
The U.S. Department of Defense is in talks with Australia to host a facility that would process rare earth minerals, part of an effort to reduce reliance on China for the specialized materials used in military equipment, a senior American official said. The push comes as China threatens to curb exports to the United States of rare earths, a group of 17 minerals found in fighter jets, tanks and high-tech consumer electronics.

Aug 28 - Fake-branded bars slip dirty gold into world markets
A forgery crisis is quietly roiling the world's gold industry. Gold bars fraudulently stamped with the logos of major refineries are being inserted into the global market to launder smuggled or illegal gold, refining and banking executives tell Reuters. The fakes are hard to detect, making them an ideal fund-runner for narcotics dealers or warlords.

Aug 28 - New projects for battery material nickel need a price spur
Rapidly rising use of nickel in the batteries that power electric vehicles over coming years means higher prices are needed to incentivise the development of new projects to boost supplies of the metal. Demand for nickel is expected to soar as governments, companies and individual consumers aim to cut the noxious fumes emitted by fossil-fuelled vehicles.

Aug 28 - U.S. appeals court revives aluminum antitrust cases vs Goldman, JPMorgan, Glencore
A federal appeals court on Tuesday revived lawsuits by aluminum purchasers that accused Goldman Sachs, JPMorgan Chase, mining company Glencore and other companies of conspiring to drive up prices for the metal by reducing supply. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan said a federal judge erred in dismissing antitrust claims by "direct" purchasers of aluminum such as Novelis, and by other purchasers including Eastman Kodak, Fujifilm and Reynolds Consumer Products.

Aug 28 - Russia's Polymetal may consider special dividend payout - CFO
Russian gold and silver producer Polymetal may consider a special dividend payout as rising gold prices bring the company closer to achieving its target debt burden, chief financial officer Maxim Nazimok said on Tuesday. Polymetal, one of Russia's largest producers of precious metals, is also considering acquiring minority stakes in domestic rare earth metals projects, tapping into growing demand for commodities used in the production of electric cars.

Aug 28 - Zambian court suspends KCM wind-up hearing pending appeal ruling
Zambia’s High Court on Tuesday suspended hearings on the winding up of Vedanta Resources’ local mining business until the Court of Appeal rules on the lower court’s refusal to let the matter go to arbitration, the provisional liquidator said. Vedanta has been locked in a dispute with the Zambian government since May, when Lusaka appointed a liquidator to run Konkola Copper Mines (KCM), which is 20% owned by Zambian state mining company ZCCM and the rest by Vedanta. 

Aug 28 - Steel city ranks China's top polluter in July despite output curbs
The major steel-producing city of Tangshan ranked as China's most polluted in July, even after ordering its mills to cut output in the last 10 days of the month, data from the environment ministry showed. Average concentrations of hazardous airborne particles known as PM2.5 reached 42 micrograms per cubic metre in Tangshan, slightly lower than the same period last year but still the highest in the country.

Aug 28 - Anglo American Platinum completes buyout of prospecting rights from Atlatsa
Anglo American Platinum (Amplats) said on Tuesday its subsidiary Rustenburg Platinum Mines (RPM) had completed the acquisition of the Kwanda North and Central Block prospecting rights for 300 million rand from Atlatsa Resources Corp. "Anglo American Platinum and Atlatsa completed the acquisition and inclusion of the resources specified in the Central Block and Kwanda North prospecting rights into RPM's Mogalakwena mining right," the company said in a statement.

Aug 28 - Strike action pushes miner Sibanye into the red in first half
Precious metals producer Sibanye-Stillwater said on Tuesday it fell into the red in the first half of the year due to a five-month strike at its South African gold operations. Gold production was hit by the strike over pay and job cuts that ended in April and cost Sibanye more than $100 million in lost revenue. 

Aug 28 - Chalco H1 profit falls on higher costs, lower aluminium prices
Aluminum Corp of China Ltd, known as Chalco, said on Tuesday its net profit fell by 14.1% year-on-year in the first half of 2019 as higher costs offset an increase in revenue. Beijing-based Chalco, a unit of state-owned aluminium producer Chinalco, said net income came in at 705.8 million yuan ($99.51 million) in January-June, down from a restated figure of 821.6 million a year earlier, it said in a statement to the Shanghai Stock Exchange. 

Aug 28 - Chinese venture to start mining battery metal antimony in Tajikistan
A Chinese joint venture will start mining antimony, a flame-proof metal used in batteries, in Tajikistan next year with the state mining company, aiming eventually to produce a tenth of global output. TALCO Gold, jointly owned by Tajik state aluminium firm TALCO and China's Tibet Huayu Mining Co, is developing the Konchoch deposits in the Western part of the mountainous ex-Soviet republic. It will also produce gold.

Aug 27 - Spread between seaborne, port iron ore prices widens on shipment surge
The spread between seaborne iron ore heading to China and iron ore at China's ports has widened to the highest in at least two years, following an increase in shipments from Australia and Brazil as disrupted mines gradually come back on track. The average for the month of August so far of the price difference between seaborne iron ore with 62% iron content and supplies at Chinese ports was $9.42 a tonne as of Monday, S&P Global Platts data showed. 

Aug 27 - Get cracking: Lynas scouts for rare earths plant to meet Malaysian demands
Deep in the Australian outback, rare earths miner Lynas Corp is assessing its options for an initial processing plant, as it looks to soothe concerns in Malaysia about radioactive waste. Lynas has four years to build a plant that will remove low-level radioactivity from the material it ships to the Southeast Asian nation for separation into elements vital for products ranging from fighter jets to wind farms.

Aug 27 - Pilbara Minerals takes lithium mine stake off table, slices sales f'cast
Pilbara Minerals Ltd on Tuesday took a stake in its Australian lithium mine off the market, cut its sales forecast and curbed spending plans amid a downturn in the market for the battery raw material. The Western Australian miner had been looking for a partner to help it fund an expansion of its Pilgangoora lithium project in the northwestern Pilbara region in Western Australia in return for a 20%-49% stake in the mine.

Aug 27 - Australian lithium miner Galaxy Resources buys Alita's debt facility
Lithium miner Galaxy Resources Ltd said on Tuesday it bought the $28.8 million dollar debt of troubled smaller peer Alita Resources Ltd from a group of lenders led by fund manager Tribeca Investment Partners. The acquisition makes Galaxy a secured lender to Alita as well as its largest equity holder, Galaxy's Chief Executive Officer Simon Hay said in a statement.

Aug 27 - Argentina opposition candidate Fernandez meets with mining companies, governors
Argentina's opposition candidate Alberto Fernandez told mining companies and governors from key mining provinces on Monday that exports were "the only solution" for Argentina, his coalition said. Fernandez, the front-runner for October's presidential election, told the companies that his team has been working on a plan to create a legal framework that provides certainty for investments in the Vaca Muerta shale oil play and the country's lithium mining sector, according to a press release about the meeting from his "Frente de Todos" coalition.

Aug 27 - New Jersey officials speed up Newark lead pipe replacement with $120 mln plan
New Jersey unveiled a $120 million plan on Monday to speed up the replacement of old lead pipes in Newark in response to mounting alarm about the toxic metal leaching into the drinking water in the state's largest city. Newark officials began handing out bottled water to some residents earlier this month after tests found that some of the water filters they had previously distributed were not working properly.

Aug 27 - Egypt's Sawiris eyes mining opportunities at home with new law
Egyptian billionaire Naguib Sawiris said on Monday he intended to invest in gold and copper mining in Egypt but was waiting to see the details of a new mining law designed to attract more investment. The law has been approved but final details are yet to be published in the official gazette.

Aug 27 - German copper products producer cuts hours due to global economic slowdown
Wieland, one of the world's largest copper product makers, said on Monday it would reduce working hours at a German plant from next month because of the slowing global economy. The plant in Villingen in southern Germany produces strips from copper and copper alloys for the automotive, electrical engineering, electronics and construction industries.

Aug 26 - China July rare earth magnets exports to U.S. rise 26% y/y 
China's exports of rare earth magnets to the United States rebounded in July from the previous month, customs data showed on Sunday, as concerns linger that Beijing could restrict supply of rare earth products in the Sino-U.S. trade war. Shipments totalled 447 tonnes last month, data from the General Administration of Customs showed. That compared to 414 tonnes in June and 356 tonnes in July 2018.

Aug 26 - Australia's Fortescue triples profit, sees strong China demand
Iron ore miner Fortescue Metals Group on Monday posted a record profit and bumper dividend, and said it was still seeing solid demand growth despite trade tensions between China and the United States. A surge in iron ore prices lifted Fortescue's profit to a record $3.19 billion, almost triple last year and a slight beat on consensus, and helped the company double its final dividend to A$0.24 per share from its payout last year.

Aug 26 - California rare earths miner races to refine amid U.S.-China trade row 
The owner of the only U.S. rare earths mine is going on a hiring spree as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals amid an escalating trade war. By next year, MP Materials aims to be the first U.S. company to refine rare earths since 2015 when Molycorp Inc, the former owner of California's Mountain Pass mine, went bankrupt, executives said.

Aug 26 - China's Zhaojin Mining eyes doubling of gold output via overseas M&A - exec 
Zhaojin Mining, one of China's biggest gold miners, aims to double production of the precious metal as early as 2024 on the back of overseas acquisitions and may look for deals below $500 million, the head of its international arm said. Shandong-based Zhaojin currently produces around 650,000 ounces (18.43 tonnes) a year of gold, Leo Zhao, managing director of Zhaojin International Mining Co, said at a Global Mining Association of China seminar in Beijing on Thursday.

Aug 26 - Thyssenkrupp, Kloeckner in talks over co-operation in materials trading - sources
Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said. The chief executives of both companies have been talking regularly for months, the people said, adding that discussions are open-ended and may not produce any concrete results.

Aug 26 - Glencore, Trafigura buy metal in Qingdao court auctions 
Commodity traders Glencore PLC and Trafigura have picked up a combined 70,479 tonnes of aluminium over the past week by winning online auctions of metal inventory dating back to China's 2014 Qingdao warehousing scandal, according to the e-commerce platform that hosted the sales. The stock, being auctioned on a site by the Qingdao Intermediate People's Court, was formerly held by Dezheng Resources, the company accused of duplicating warehouse certificates to pledge metal as collateral for multiple bank loans.

Aug 26 - Australia's Alita eyes new lithium supply deals in tough market 
Australian lithium miner Alita Resources Ltd said on Monday it was in talks to sign new supply deals after the backer of a key Chinese customer reported financial troubles. The hunt for new partners comes amid worsening market conditions for lithium, a key ingredient in the battery industry, due to lower demand from Chinese customers after a change in the country's electric vehicle subsidies, and escalating global trade tensions.

Aug 26 - Worker buried alive at open-cut manganese mine in Australia
Emergency services are searching for a man buried alive when a wall collapsed in a manganese mine in Australia's Northern Territory, police said on Sunday. A wall at the open-cut Bootu Creek manganese mine failed on Saturday afternoon, engulfing the 59-year-old worker in a large volume of soil and rock, police said in a statement.

Aug 23 - China eases restrictions on gold imports - sources 
China has partially lifted restrictions on imports of gold, bullion industry sources said, loosening curbs that had stopped an estimated 300-500 tonnes of the metal worth $15-25 billion at current prices from entering the country since May. China's central bank had for several months curtailed or not granted import quotas to commercial banks responsible for most of the gold that enters the country, Reuters reported last week.

Aug 23 - Chilean miner SQM profits plunge alongside lithium price 
SQM, the world's No. 2 producer of lithium, saw its profits plunge along with lithium prices in the second quarter, even as the Chile-based miner said it had sold more of the ultralight battery metal. Profits sank 47.5% to $70.2 million in the second quarter, from $133.9 million a year earlier, the company said in a statement, though the drop was largely in line with analysts' expectations.

Aug 23 - Shanghai aluminium rattled by reports of smelter outages: Andy Home 
The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages. The Shanghai Futures Exchange (ShFE) contract has seen volumes accelerate and open interest surge on the higher prices, suggesting local speculators may be getting in on the action.

Aug 23 - Thyssenkrupp in talks to buy steel trader Kloeckner - Handelsblatt
Shares in Kloeckner & Co soared in early trade on Friday after a newspaper said Thyssenkrupp was in talks to buy the metals distributor to strengthen its materials trading business, citing sources familiar with the matter. Thyssenkrupp Chief Executive Guido Kerkhoff, under pressure after a fourth profit warning on his watch sent the group's shares to a 16-year low, has put a deal to buy Kloeckner & Co at the centre of a turnaround plan he is working on, business daily Handelsblatt said on Thursday.

Aug 23 - Australia's Argosy Minerals inks initial terms for lithium supply deal 
Lithium miner Argosy Minerals Ltd said on Friday it has signed a preliminary agreement with a unit of Japan's Mitsubishi Corp for the supply of lithium carbonate product. Under the terms of the initial non-binding agreement, Argosy will supply metals trader Mitsubishi Corp RtM Japan Ltd with 2,000 tonnes per annum (tpa) of lithium carbonate product from its flagship Rincon Lithium project in Argentina.

Aug 23 - Antofagasta cuts costs to beat copper price fall 
Chilean miner Antofagasta Plc delivered slightly better than expected half-year profit as it reined in costs to cope with lower copper prices, which have been hit by softer Chinese demand and the drawn-out Sino-U.S. trade dispute. The copper producer posted core earnings of $1.31 billion, up 44% on the year and just beating analysts' average forecast of $1.29 billion as costs came in slightly lower than expected.

Aug 23 - Australia's Wesfarmers says it won't pursue rare earths miner Lynas
Australian retail-to-chemicals conglomerate Wesfarmers Ltd said on Thursday it would not pursue its proposal to buy rare earths miner Lynas Corp. Noting Lynas' receipt of a renewed operating licence for its Malaysian processing plant earlier in the day, Wesfarmers said it "has been unable to progress a proposal".

Aug 23 - Indonesia nickel miners to keep pressing govt to stick with 2022 export ban
Indonesia's nickel miners association (APNI) said on Thursday it will continue asking the government to stick to its 2022 timetable for a nickel ore export ban as President Joko Widodo deliberates on possibly implementing the measure earlier. Indonesia, a major exporter of nickel, is discussing the possibility of moving forward a mineral ore export ban due in 2022, sparking fears of supply constraints on metal exchanges in Shanghai and London.

Aug 23 - Zambia determined to find another investor for Konkola mine - mines minister
The Zambian government is determined to "urgently secure" an investor for Konkola Copper Mines (KCM) once the court processes over the disputed liquidation of the mine are concluded, the mines minister said on Thursday. Vedanta Resources has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM-IH and the rest by Vedanta.

Aug 23 - Mali's new mining code ends tax exemptions, shortens regulatory stability period
Mining companies operating in Mali will no longer be exempt from value-added tax during production and will only be protected from fiscal changes for a shorter period, according to a new mining code announced by the Mines Ministry on Wednesday. An opening salvo in what could be a protracted negotiation between the government and corporates over mining regulation in Africa's third-largest gold producer, the move is seen by some as a new instance of "resource nationalism" on the continent.

Aug 22 - Indians pawning the family gold amid credit crunch
Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season window closed, Indian farmer Babasaheb Mandlik ran out of choices - he pawned his wife's gold jewellery. Mandlik, who owns an 8-acre cotton farm in western India, pledged 70 grams of gold, almost all of his wife's precious trinkets, in June in return for 150,000 rupees ($2,105).

Aug 22 - Iron ore's balloon is popped, but prices may have deflated too much: Russell
Iron ore's bubble has burst in the last month with prices down by a third, but just as the market got ahead of itself during the rally it may also be overcooking the decline. Benchmark 62% iron ore for delivery to China, as assessed by commodity price reporting agency Argus, ended at $83.75 a tonne on Wednesday, down 33% from its peak so far this year of $125.20 on July 3.

Aug 22 - Profit slumps at Australia's South32 as trade war hits aluminium prices
Australian miner South32 Ltd reported a bigger-than-expected 25% drop in annual profit as the trade war between China and the United States hurt aluminium prices, sending its shares lower by as much as 5.8% on Thursday. South32 also said it was in talks to sell its South Africa thermal coal business to Johannesburg-based Seriti Resources, the latest company to get out of energy coal at a time when investor pressure and climate change concerns are prompting businesses to limit their exposure to fossil fuels.

Aug 22 - Australia's Lynas Corp confirms licence renewal for Malaysian plant
Rare earths miner Lynas Corp Ltd on Thursday confirmed the receipt of a renewed operating licence from Malaysia for its processing plant there. Last week, Malaysia renewed the licence for the plant for six months with new conditions, an extension shorter than investors and industry analysts had expected. 

Aug 22 - Chile's Codelco shuts down its Ventanas copper smelter for maintenance
Chile's Codelco, the world's top copper producer, said on Wednesday it had shut down its Ventanas smelter along Chile's central coast for maintenance. The state miner said in a brief statement the facility had been closed since Monday.

Aug 22 - Miner Antofagasta first-half profit jumps 44%
Chilean miner Antofagasta Plc on Thursday reported a 44% jump in first-half profit, benefiting from higher copper sales, by-product revenue and lower cost of production. The FTSE-100 copper miner said core earnings rose to $1.31 billion in the six months ended June 30 from $904.2 million last year. Margins expanded from a year earlier to 51.7%.

Aug 22 - Nornickel's palladium fund to buy up to 500,000 oz in 2019 - CFO
Russian miner Norilsk Nickel's Global Palladium Fund plans to buy between 300,000 and 500,000 troy ounces of palladium by the end of 2019, the miner's chief financial officer said on Thursday. The fund of the world's largest palladium producer, known as Nornickel, buys the metal from other holders' existing stockpiles and then sells it on to industrial consumers.

Aug 22 - Anglo American agrees to earlier community payout in Peru after protests
Anglo American PLC will spend some $30 million on community projects near its Quellaveco copper project in Peru three years earlier than planned after protests threatened to disrupt construction last week, a company manager said on Wednesday. Protesters in the southern region of Moquegua blocked a road to the Quellaveco deposit last week to highlight concerns about the $5 billion mine's environmental impacts and to push for more jobs for local residents.

Aug 21 - Tiny tin market sounds a recessionary warning note: Andy Home 
Fears of a global recession are rising. Industrial metals such as copper are struggling to make any price headway as funds take an increasingly negative view of where the global manufacturing economy is heading. The tiny tin market seems to be already trading as if recession were a reality.

Aug 21 - China's Tianjin govt orders Bohai Steel restructuring start by Sept - sources 
The government of the Chinese city of Tianjin, the only shareholder of bankrupt Bohai Steel Group Ltd, is demanding that Bohai's creditors and strategic investor implement a bankruptcy restructuring plan by the end of September, two creditor sources with direct knowledge of the matter said. Bohai Steel, a former Fortune Global 500 company that was founded by the Tianjin municipal government in 2010 by merging four local steelmakers, collapsed in 2016 with more than 200 billion yuan ($28.4 billion) in unpaid debt, the biggest bankruptcyrestructuring in China's history.

Aug 21 - Imports of Chinese steel racks injure U.S. industry - U.S. ITC 
Subsidized steel rack imports from China have materially harmed U.S. industry, the U.S. International Trade Commission found on Tuesday, locking in the Trump administration's duties on such products in the worsening U.S.-China trade war. The ITC said it would release a full report on the issue by Sept. 27. The commission published no details on the value of U.S. producers' shipments of steel racks, saying that would amount to disclosure of proprietary data.

Aug 21 - Palladium deficit to widen, Nornickel says as net profit jumps 81% 
The global palladium market will remain in structural deficit this year, Russia's Norilsk Nickel (Nornickel) said on Tuesday as it reported an 81% leap in first-half net profit. Nornickel, the world's largest palladium producer, said that first-half net profit jumped to $3 billion as London palladium prices rose by 40%. Palladium prices hit a three-week high in London on Tuesday.

Aug 21 - China's Xinfa shuts aluminium capacity in Xinjiang after blast - sources 
Xinfa Group, one of China's top aluminium producers, has shut down an aluminium production line after an explosion at a plant in the northwestern Chinese region of Xinjiang, according to a company source. The accident caused the company to shut down annual smelting capacity of around 500,000 tonnes at the plant north of the Xinjiang capital of Urumqi, the source said, declining to be identified as he was not authorised to speak to the media.

Aug 21 - Zambia says no meeting planned with Vedanta over Konkola mine 
Zambian President Edgar Lungu will not meet the chairman of Vedanta Resources to discuss the disputed liquidation of its Konkola Copper Mines (KCM) on his visit to India this week, a statement from the Zambian State House said on Tuesday. Mumbai-listed Vedanta said earlier on Tuesday it would meet Lungu and his team for further discussions on KCM, but the Zambian State House said there was no meeting planned between the president and Vedanta Chairman Anil Agarwal or his representatives.

Aug 21 - JPMorgan metals trader pleads guilty to spoofing, resigns from bank 
A JPMorgan Chase & Co precious metals trader pleaded guilty to spoofing, or placing bogustrade offers, on Tuesday, when he also resigned as an executive director at the bank. The guilty plea and resignation of Christian Trunz, 34, of London, were announced by the U.S. Department of Justice.

Aug 21 - S.Africa's Harmony Gold eyes potential in AngloGold Ashanti assets 
South Africa's Harmony Gold is examining growth opportunities including AngloGold Ashanti's Mponeng mine, it said on Tuesday after posting a 19% jump in annual earnings. Chief Executive Peter Steenkamp said Harmony was interested in projects including Mponeng, the world's deepest gold mine, as AngloGold looks to streamline its assets and focus on higher returns elsewhere.

Aug 20 - Mining giant BHP pays record dividend, but flags global growth headwinds
BHP Group posted its largest annual profit in five years and record full-year dividends, but its share price eased as the world's biggest miner flagged global economic headwinds that could hit demand for its key commodities, iron ore and copper. Both profit and dividends slightly undershot expectations as BHP kept cash in its coffers in the face of risks to global economic growth such as the Sino-U.S. trade war and as costs rise at some of its operations.

Aug 20 - Pellet pivot: China develops taste for high-grade iron ore as coastal furnaces fire up
China's demand for iron ore pellets and high-quality ore is expected to accelerate in 2020 as a result of Beijing's push to shift dozens of steel mills to coastal regions in its battle to stop smog blanketing industrial cities. Relocating plants to the coast, with stricter environmental requirements, means up to 20% of China's more-than-a-billion-tonne annual ore demand will shift from lower- to higher-grade ores within coming years, according to industry sources and a Reuters analysis of official import and production statistics.

Aug 20 - Brazil securities regulator ramps up Vale dam disaster probe
Brazil's securities regulator CVM said on Monday it has opened up an additional investigation into whether executives of iron ore miner Vale SA breached their fiduciary duties in relation to a January dam collapse which killed nearly 250 people. The investigation is related to an initial administrative probe opened on Jan. 28, when CVM started looking into potential violations of securities laws over the incident. 

Aug 20 - BHP is sailing between China stimulus breeze and trade war storm: Russell
Spot the problem. The world's biggest mining company, BHP Group, reports its highest profits in five years even as its top customer is engaged in a now protracted trade dispute with the world's largest economy. BHP on Tuesday posted an annual profit of $9.12 billion, a bumper figure built largely on selling iron ore, coal and copper to China, the world's largest importer of commodities. 

Aug 20 - Chinese investors hold key as global funds turn super bearish on copper: Andy Home 
There's been a lot of talk about inverted yield curves over the past few days. Specifically, last week's inversion of the two-year and 10-year U.S. Treasury notes has raised the spectre of recession, sending tremors through U.S. stock markets. 

Aug 20 - South Africa's Harmony Gold full-year earnings rise 19%
South African bullion producer Harmony Gold on Tuesday reported annual profit rose 19% on higher output and cash flow as production from the Moab Khotsong was included for the full year and better operation performance at its Hidden Valley site. Headline earnings per share (HEPS) for the financial year ended June 30 was 2.04 rand per share ($0.1324) compared with 1.71 rand per share during the same period the year before.

Aug 20 - Australia's Alita Resources takes price cut on shipment amid tough lithium market
Alita Resources Ltd said on Tuesday that its shipment of lithium concentrate to a China-based chemicals maker was below a previously set floor price amid higher lithium supply. Alita, which is also listed in Singapore, said it was in discussions with Jiangxi Bao Jiang Lithium Industrial Ltd to restructure the offtake agreement it signed in January.

Aug 20 - U.S. Steel plans to lay off hundreds of workers in Michigan
United States Steel Corp will temporarily lay off hundreds of workers at its Great Lakes facility in Michigan in coming weeks, according to a filing the steelmaker made with the State of Michigan. In a Worker Adjustment and Retraining Notification filed on Aug. 5, the Pittsburgh-based company said it expects to let go fewer than 200 workers following its decision to halt production at the Michigan facility.

Aug 19 - Turkey's military pension fund reaches British Steel deal
Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of this year, potentially saving thousands of jobs. The British government welcomed the deal, but the country's largest union said ministers needed to work to protect the industry from potential damage from Brexit.

Aug 19 - PNG puts Barrick, Zijin on notice over Porgera gold mine negotiations
Papua New Guinea plans to take a larger share of the Porgera gold mine as part of lease-renewal talks, diluting the ownership of joint venture partners Barrick Gold Corp and Zijin Mining Group, the country's commerce minister told Reuters on Monday. The planned changes are part of a push by the South Pacific archipelago to transform its economy under new government leadership amid a perceived lack of benefits flowing from resources projects back to communities. 

Aug 19 - China's Ganfeng closes deal to raise stake in Argentina lithium project
China's Ganfeng Lithium said on Sunday it had completed a $160 million deal to raise its stake in the Cauchari-Olaroz lithium brine project in Argentina to 50%. Ganfeng, based in southeastern China's Jiangxi province, is one of the world's biggest producers of lithium, a key ingredient in rechargeable batteries, and a supplier of electric carmaker Tesla.

Aug 19 - Speculators trim bullish COMEX gold bets - CFTC
Hedge funds and money managers trimmed their bullish stance in COMEX gold and cut net long positions in silver contracts in the week to Aug. 13, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also reduced a bearish position in copper futures and options, the CFTC data showed.

Aug 19 - China court puts Fanya exchange's rare earth stock up for auction
The Chinese court auctioning off inventory formerly held by the now-defunct Fanya Metal Exchange has put two batches of rare earths, with a market value of around $41.5 million, up for sale on Aug. 31, along with antimony worth around $97 million. The auctions are being closely watched by creditors of Fanya owed nearly 40 billion yuan ($5.68 billion) following the exchange's collapse in 2015, as well as by minor metal and rare earth traders, given the significant volumes potentially coming on to the market.

Aug 19 - China's Huayou pulls out of Congo cobalt mine investment after price slump
China's biggest cobalt refiner Zhejiang Huayou Cobalt said on Thursday its overseas unit is pulling out a deal to invest $66.3 million in a cobalt mine in the Democratic Republic of Congo (DRC) after prices of the metal slid. Huayou International Mining had agreed to take a 51% stake in Lucky Resources Holdings Co Ltd, whose wholly owned subsidiary New Minerals Investment holds the DRC's 13235 mining licence, in December 2017.

Aug 19 - Brazil raw steel output falls 20.6 pct in July, IABr says
Raw steel output in Brazil fell 20.6 pct to 2.449 million tonnes in July in an annual basis, Instituto Aco Brasil, the group that represents mills, said on Friday. Sales in the local market fell 6.9 percent to 1.56 million tonnes in the July from the same period a year earlier, the institute, known as IABr, said in a report.

Aug 19 - Philippines' top high-grade nickel ore miner set to shut down - govt official
The Philippines' top exporter of high-grade nickel ore is expected to shut its mining operations soon as ore deposits at a project in the nation's southernmost province of Tawi-Tawi are nearly depleted, a ministry official told Reuters. SR Languyan Mining Corp will shut "most likely" later this year, said Jaynul Ali Sambarani, head of mines and geoscience services at the Ministry of Environment and Natural Resources for the Bangsamoro Autonomous Region of Muslim Mindanao.

Aug 16 - Indonesia president vows to process more resources onshore 
Indonesia should do more to develop downstream industries to process natural and mineral resources domestically, bolstering Southeast Asia's largest economy, President Joko Widodo said in his state of the union address to parliament on Friday. Widodo listed minerals such as bauxite and nickel, as well as coal, palm oil and fisheries, as the type of resources Indonesia should process more of onshore to increase their value before exporting.

Aug 16 - Weight of history: Chongqing Steel and China's state sector dilemma 
A year and a half ago, Chongqing Iron and Steel Corp (CISC), China's oldest steelmaker, was rescued from the brink of bankruptcy in a deal hailed as a shining example of how struggling state companies can be revamped. Today it is profitable and earned 616 million yuan ($87.51 million) in net income in the first half of 2019. Chongqing Steel's saviour: Four Rivers Investment Management, a private equity fund established in August 2017 by China's biggest steel producer, Baowu Iron and Steel Group, or Baosteel, which aims to benefit from a state-driven consolidation of the industry.

Aug 16 - Malaysia extends licence for rare earth miner Lynas' operations for 6 months 
Malaysia on Thursday renewed the operating licence for a rare earths processing plant owned by miner Lynas Corp for six months with new conditions, an extension shorter than investors and industry analysts had expected. The Australian-listed firm is the only major proven producer of rare earths outside China, and the decision to renew its licence comes as markets are concerned that the industry may get embroiled in the trade war between Beijing and Washington.

Aug 16 - LME open-outcry trading holds off electronic challenge: Andy Home 
The London Metal Exchange (LME) is now the only open-outcry market in Europe and one of the last in the world. The London Stock Exchange closed its trading floor as long ago as 1986. The London International Financial Futures Exchange permanently shut the last of its pits in 2000, taking with it the bright-jacketed traders that enlivened the grey Cityscape. The electronic tide has since swept all before it, leaving the LME one of the last human hold-outs with its ring of red leather seats, baffling hand signals and old-school etiquette.

Aug 16 - EU plans to cut steel import quotas after industry protests 
The European Commission has proposed boosting measures to protect against a rise in imports spurred by U.S. tariffs after steel companies said the European industry was under threat. The Commission said in a statement on Wednesday it planned to cut an increase in import quotas to 3% from 5% effective from Oct. 1. In June, senior steel executives including from Outokumpu, Salzgitter, and a division chief at ArcelorMittal, urged the Commission to scrap or postpone the 5% increase which took effect on July 1.

Aug 16 - Australia's Newcrest Mining annual profit jumps on robust Cadia output 
Newcrest Mining Ltd said on Friday annual output at its Cadia mine will be lower than fiscal 2019 after it posted a 22.2% increase in annual profit on the back of robust gold and copper sales volumes at the flagship mine in New South Wales. The company posted an underlying profit of $561 million for the full year ended June 30 compared with $459 million a year earlier, also benefiting from a weaker Australian dollar and record low costs at Cadia.

Aug 16 - China's Minmetals says to close rare earth unit after pollution violations 
The rare earths arm of state-owned China Minmetals Corporation said one of its units would halt production with immediate effect from Thursday after failing to rectify a series of environmental offences. The Ministry of Ecology and Environment found that Ganxian Hongjin Rare Earth Ltd Co, a subsidiary of China Minmetals Rare Earth Co failed to address pollution issues and continued to violate environmental protection laws, the Xinhua news agency said earlier on Thursday.

Aug 16 - Fire at ArcelorMittal steel plant in Poland extinguished 
ArcelorMittal said a fire that broke out at its steel plant in the Polish city of Krakow on Thursday has been extinguished but the blast furnace would be shut down for two to three days to check for damage. No one was hurt in the fire, the company added. "The conveyor transporting coke to the blast furnace caught fire," ArcelorMittal spokeswoman Sylwia Winiarek said earlier on Thursday after the fire broke out.

Aug 16 - Gerald Group unit seeks arbitration against Sierra Leone over iron exports  
SL Mining, a mining company owned by U.S. commodity trader Gerald Group, said it plans to seek arbitration in an international court against the Sierra Leonean government in relation to a dispute over iron ore exports. The government banned exports from SL Mining's Marampa mine last month because it said the company had failed to keep up the mine's agreed work schedule or make royalty payments, a claim SL Mining denies.

Aug 15 - China curbs gold imports as trade war heats up 
China has severely restricted imports of gold since May, bullion industry sources with direct knowledge of the matter told Reuters, in a move that could be aimed at curbing outflows of dollars and bolstering its yuan currency as economic growth slows. The world's second largest economy has cut shipments by some 300-500 tonnes compared with last year - worth $15-25 billion at current prices, the sources said, speaking on condition of anonymity because they are not authorised to speak to the media.

Aug 15 - China court to auction defunct metal exchange's entire antimony stock  
A court in Southwest China is putting up for sale the entire inventory of the minor metal antimony that was held by the now-defunct Fanya Metal Exchange, as it tries to raise funds to pay back the bourse's creditors. The Kunming Intermediate People's Court said in the auction section of e-commerce platform Taobao that 18,660,763 kg, or around 18,660 tonnes of antimony, a shiny metal used in fire retardants, would be open for bids over a 24-hour period from 10 a.m. local time (0200 GMT) on Aug. 31.

Aug 15 - Peru court orders indigenous governor of mining region to 6 years in prison 
A Peruvian court ordered the arrest of the indigenous governor of a mineral-rich southern region after sentencing him to six years in prison on Wednesday for leading 2011 deadly protests against a Canadian open-pit silver project. Walter Aduviri, 39, the governor of Puno and an indigenous Aymara leader, was found guilty in absentia by a criminal court of disturbing public order, the office of the judiciary said on Twitter.

Aug 15 - Vedanta fails to stop KCM liquidation in meeting with Zambia's president 
Zambia's President Edgar Lungu met with the chairman of Vedanta Resources to discuss the disputed liquidation of its Konkola Copper Mines, a statement issued by the Zambian State House said on Wednesday. Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia’s state mining company ZCCM and the rest by Vedanta. Zambia accused KCM of breaching the terms of its licence, which Vedanta denies.

Aug 15 - Incoming Codelco CEO 'optimistic' on long-term copper price 
The incoming chief executive of Chile's state copper miner Codelco said he was "optimistic" about the long-term market price of copper despite the global volatility caused by the U.S.-China trade war. "There is a lot of volatility at this moment because of everything that's happening in the world, but we remain optimistic about the long-term outlook (of the copper price)," Octavio Araneda told journalists on Wednesday.

Aug 15 - South Africa's Gold Fields swings to first-half profit 
South African bullion producer Gold Fields swung to a profit in the first half through June as output increased after the inclusion of its joint venture with Asanko Gold. The company on Thursday reported a profit of $71 million compared with a loss of $367 million during the same period a year ago. "We are pleased to report that after a two-year reinvestment period, Gold Fields turned net cashflow positive in H1 2019, earlier than originally anticipated, generating $49 million for the six month period," said Gold Fields Chief Executive Nick Holland.

Aug 15 - China raises pollution violations at Minmetals rare earth unit - Xinhua 
State-owned China Minmetals has failed to rectify a series of pollution offences at its rare earth production unit despite being ordered to do so, the Xinhua news agency reported on Thursday, citing the environment ministry. The Ministry of Ecology and Environment said Ganxian Hongjin Rare Earth Ltd Co, a subsidiary of China Minmetals, had failed to address pollution issues and continued to violate environmental protection laws, the agency said.

Aug 15 - Australia's Orocobre invests in Advantage Lithium Corp placement 
Australian miner Orocobre Ltd on Thursday said it has agreed to invest C$1.5 million ($1.1 million) in Advantage Lithium Corp through a private placement by the Canadian firm. Orocobre will hold a 34.7% stake in Advantage on completion of the placement, which aims to raise C$1.7 million in total.

Aug 14 - China daily aluminium output slips in July as smelter closure offsets ramp-ups 
China's primary aluminium output fell on a daily basis in July from the month before, according to Reuters calculations based on official data released on Wednesday, as the reported closure of a key smelter in the northeast offset ramp-ups elsewhere. The world's top producer of the metal churned out 2.98 million tonnes of aluminium last month, the National Bureau of Statistics said. That was up 0.2% from June and is the second-highest monthly total on record on the bureau's website after 3.05 million tonnes in December, although the bureau said on Wednesday the July number was down 2% year-on-year.

Aug 14 - China's July steel output eases on environmental curbs, shrinking margins 
China's monthly crude steel output fell for a second straight month in July, official data showed on Wednesday, as steel mills trimmed output amid heightened environmental measures and record raw material prices. The world's top steelmaker produced 85.22 million tonnes of crude steel last month, data from the National Bureau of Statistics (NBS) showed, down from 87.53 million tonnes in June but still well above 81.24 million tonnes a year earlier.

Aug 14 - Lead jumps again as Port Pirie smelter goes down again: Andy Home
It's turning out to be a torrid summer for the usually sedate lead market. The London Metal Exchange (LME) lead market was roiled in early June by news of an unplanned outage at the Port Pirie lead smelter in Australia.  It's just been upended again by a second shutdown of the plant, which is operated by Nyrstar, the Belgian company that had to be rescued from potential insolvency by trade house Trafigura.

Aug 14 - China issues import quotas for 87,680 T of copper scrap 
China on Wednesday issued a third batch of quotas for imports of recently restricted type of scrap metals, including another 87,680 tonnes of high-grade copper scrap, as the world's top metals consumer continues to tightly control waste shipments. The quotas are being closely watched amid concerns that China is leaving itself short of a key supply source by curbing scrap imports. Copper scrap accounted for around 10% of China's total copper consumption last year.

Aug 14 - Indonesia's president to decide whether ore export ban to be brought forward 
Indonesia's President Joko Widodo will make the final decision on whether the country brings forward an export ban on mineral ore, the minister in charge of mining said on Tuesday. The ban is currently due to come into force in 2022. "The president's decision is expected some time in the future," Luhut Pandjaitan, coordinating minister for maritime affairs and responsible for the mining ministry, told reporters on Tuesday. "We are awaiting the president's order."

Aug 14 - Copper exports resume from Peruvian port of Matarani-port operator 
Copper exports from the port of Matarani have resumed after anti-mining protests that had blocked key infrastructure in the country's southern copper belt eased over the weekend, a spokeswoman for the port operator said on Tuesday. Shipments from four mines that produce about half of Peru's copper - Freeport-McMoRan Inc's Cerro Verde deposit, MMG Ltd's Las Bambas, Glencore PLC's Antapaccay and Hudbay Mineral's Constancia - had been suspended for nearly three weeks due to the unrest. 

Aug 14 - Hochschild Mining first-half profit falls on lower silver prices 
Precious metals miner Hochschild Mining Plc reported lower first-half pretax profit on Wednesday, as a drop in the average price of silver led to lower group production. Hochschild's post-exceptional profit before income tax fell 23.5% to $29.5 million for the six months ended June 30, as the average price of silver fell 7%.

Aug 14 - South Africa's AMCU union disappointed by Lonmin wage offer 
South Africa's Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year. "We are utterly disappointed with the offer at Sibanye-Stillwater Lonmin," Joseph Mathunjwa told a news conference, describing the offer as a "slap in the face".

Aug 14 - Australia's Argosy Minerals buys Nevada-based Tonopah lithium project 
Lithium-focused explorer Argosy Minerals Ltd on Wednesday said it has executed an agreement to buy tenements comprising the Tonopah Lithium Project in Nevada, United States. Argosy said the sale agreement was executed with a unit of Lithium Consolidated Ltd, Big Smokey Exploration LLC, ProspectOre LLC and ProspectOre Inc.

Aug 13 - Barrick doesn't have 'for-sale' sign on Tongon, Massawa, but open to options - CEO 
Barrick Gold Corp is not actively seeking to sell its Tongon mine in Ivory Coast and the Massawa project in Senegal but will consider various options for both, Chief Executive Mark Bristow told Reuters on Monday. "We don't have a for-sale sign" at Tongon and Massawa, Bristow said in an interview in Toronto. "We're spending a lot of exploration dollars trying to extend Tongon's life."

Aug 13 - LME to extend open outcry trading times starting Sept 23 
The London Metal Exchange (LME) will extend its final open-outcry trading sessions for all metals starting Sept. 23 after volumes jumped during a trial, it said in a statement on Monday. The 142-year-old exchange said the move to permanently double open-outcry trading times to 10 minutes for final or "kerb" rings followed a successful three-month trial for zinc, confirming a Reuters report last week. 

Aug 13 - Cobalt price to jump 60% in next 18 months to $20/lb - UBS 
Investment bank UBS said on Tuesday that the shuttering of top cobalt producer Glencore's Mutanda mine in Democratic Republic of Congo should trim an expected market surplus over 2019-2023, moving the risk versus reward for cobalt prices "firmly to the upside."  "We expect the cobalt price to increase around 60 percent over the next 18 months back to $20 a pound. We see further material upside in 2024-2025 when the market is set to move into a deficit" it said in a research note, acknowledging the possibility that supply from DRC could fill the gap.

Aug 13 - Indonesia to speed up enforcement of mineral ore export ban - 
Indonesia aims to speed up enforcement of a ban on mineral ore exports that is currently due to come into force in 2020, news website quoted coordinating minister for maritime affairs Luhut Pandjaitan as saying on Monday. "Just wait until the announcement, the point is we want to move to downstream. We will speed this up," Pandjaitan told reporters, according to The ban is aimed at making miners process minerals in Indonesia, a major exporter of nickel ore used mainly in the stainless steel industry.

Aug 13 - China Hongqiao says aluminium plants not damaged by floods, production normal 
China Hongqiao Group, the world's top aluminium producer, said on Tuesday it was operating as normal after Typhon Lekima lashed its home province of Shandong at the weekend and cause severe flooding. "The facilities are not damaged by the typhoon. There was flooding outside the factories but no actual facilities damage," Honqgiao said in an email. "Since Hongqiao is a big company and with numerous pre-emptive measures and plans, the company’s operation was not affected," Hongqiao said.

Aug 13 - Brazil regulator pushes back deadline to close dangerous tailings dams 
Brazil's mining regulator on Monday extended the deadlines by up to four years for the closing of many dangerous mine tailings dams like the one that collapsed in January at a Vale SA facility, killing more than 240 people. Tailings are the muddy waste produced in mining for iron ore and other minerals. The waste is often contained within a dam built using a variety of methods.

Aug 13 - Australian rare earths miner Northern Minerals courting Chinese investor
Australian rare earths miner Northern Minerals Ltd on Monday said it was in negotiations with a Chinese entity for a A$20 million ($13.53 million) investment. The company said it would make a private placement of shares to the entity at about A$0.062 per share if the transaction was approved by the board.

Aug 13 - Mexican president says won't cancel mining concessions, or grant new ones 
Mexico's President Andres Manuel Lopez Obrador said on Monday that his administration will not cancel any current mining concessions, but added that no new mining concessions will be handed out either. "Firstly, we're going to keep the current concessions and not hand out new concessions because they aren't needed," Lopez Obrador said at his daily press conference. Mexico is the world's top silver producer and one of the largest producers of copper and gold. The mining sector contributes about 4 percent of Mexico's gross domestic product.

Aug 13 - Novelis offers concessions to address EU concerns about Aleris deal 
U.S. aluminium producer Novelis has offered concessions to address EU antitrust concerns over its $2.6 billion bid for aluminium producer Aleris, a filing on the European Commission website showed on Monday. The Commission has expressed worries about reduced competition and higher prices as a result of the deal, with carmakers in particular feeling the impact.

Aug 12 - Turkish fund seen favourite to take over British Steel 
The British government is set to announce a preferred bid for British Steel within days, with a Turkish fund seen as the front-runner, as it scrambles to save thousands of jobs, industry sources said. The country's second largest steelmaker was put into compulsory liquidation on May 22 after Greybull Capital, which bought the company from Tata Steel for one pound three years ago, failed to secure funding to continue operating it. 

Aug 12 - Indonesian supply fears stoke brutal LME nickel battle: Andy Home 
Nickel has this week experienced an extraordinary, turbo-charged rally. London Metal Exchange (LME) three-month metal jumped 14% to a 16-month high of $16,690 per tonne over the course of Wednesday and Thursday. It has since dropped to $15,700 as of Friday. Nickel's April 2018 price spike, equally ferocious, was fuelled by market fears, unfounded as it turned out, that U.S. sanctions against Russian aluminium producer Rusal would be extended to nickel giant Norilsk.

Aug 12 - Rio Tinto's Resolution copper project in Arizona moves step closer 
Rio Tinto on Friday said it had moved a step closer to the development of a new copper project in Arizona, one of the few new major known deposits of the metal, with the potential to meet around a quarter of U.S. demand. Miners have been scouring the globe for sources of copper - a mineral they predict will be in high demand as the world shifts towards renewable power and electric vehicles.

Aug 12 - Malaysia PM says cannot force rare earths firm Lynas to leave country 
Malaysia cannot force rare earths miner Lynas Corp to leave despite opposition from some people who fear the risk of radioactivity from waste at the firm's processing plant, the nation's state news agency cited the prime minister as saying. The Australian company has been running the plant in Malaysia since 2012 using rare earths mined from Mount Weld in Western Australia. The Malaysian government is expected to make a decision on renewing its operating licence by mid-August.

Aug 12 - Australia's Northern Minerals signs rare earths supply deal with Germany's Thyssenkrupp 
Australia's Northern Minerals Ltd said on Monday it has signed a rare earths supply agreement with Germany's Thyssenkrupp AG, just days after terminating a deal with China's Lianyugang Zeyu New Materials Sales Co. Thyssenkrupp has agreed to purchase the entirety of the heavy rare earth carbonate from the Browns Range project, Northern Minerals said in a statement.

Aug 12 - Peru suspends key permit for Southern Copper in U-turn on Tia Maria project 
Peru on Friday suspended a recently issued construction permit for Southern Copper's Tia Maria mine, a project that has triggered violent protests by nearby residents. The permit will be suspended until government officials evaluate its legality along with objections from local authorities in the Arequipa region where Tia Maria, a $1.4 billion project, would be built, Energy and Mines Minister Francisco Ismodes told local broadcaster RPP.

Aug 12 - China's steel heartland Hebei warns cities for pollution failures 
China's biggest steel producing province of Hebei has summoned the leaders of three cities after they failed to control air pollution in the first half of this year, the local environmental protection agency said in a notice. Hebei, which produces about a quarter of the country's steel, is set to impose tougher emission requirements on its industrial firms this year, and the province is under more pressure from neighbouring Beijing after three of its cities failed to meet their smog targets in the first six months.

Aug 12 - Zambia asks Glencore unit to rescind mine shaft closures 
Zambia's mining ministry has asked Glencore subsidiary Mopani Copper Mines (MCM) to rescind its decion to close two shafts at its Nkana site. Mopani announced the shaft closures on Thursday in a move that an opposition leader said had led to 1,400 job losses.

Aug 09 - Nickel sizzle: Hot money piles into metal on Indonesia ore ban talk 
Nickel prices surged on Thursday on concerns that major supplier Indonesia could bring forward a ban on ore exports despite a senior official claiming any such ruling remains "uncertain." Benchmark three-month nickel on the London Metal Exchange (LME) surged as much as 12.7% to $16,690 a tonne, its highest since April 2018. That is the biggest intraday percentage gain for the nickel forward since Jan. 2, 2009.

Aug 09 - Glencore and the perils of riding the electric vehicle tiger: Andy Home 
Glencore has "a key role to play in enabling the transition to a low-carbon economy," according to Chief Executive Officer Ivan Glasenberg, writing in the company's 2018 annual report. Glencore's "well-positioned portfolio" includes metals at the heart of the electric vehicle (EV) revolution such as copper, cobalt and nickel. 

Aug 09 - Malaysia PM says cannot force rare earths firm Lynas to leave country 
Malaysia cannot force rare earths miner Lynas Corp to leave despite opposition from some people who fear the risk of radioactivity from waste at the firm's processing plant, the nation's state news agency cited the prime minister as saying. The Australian company has been running the plant in Malaysia since 2012 using rare earths mined from Mount Weld in Western Australia. The Malaysian government is expected to make a decision on renewing its operating licence by mid-August.

Aug 09 - Rusal says lifting value-add sales may be tough, H1 net profit falls 
Russian aluminium giant Rusal said on Friday lifting the share of high value-added products (VAP) in its sales might prove to be tough in coming months due to the weaker market for the metal which caused a 38% slump in its first-half net profit. Rusal's recurring net profit fell to $599 million in the six months ended June 30, from $971 million a year earlier, as London aluminium prices were down by 17%, it said on Friday.

Aug 09 - Indonesia says no decision yet on early start to mineral ore export ban 
Indonesia is discussing bringing forward a ban on mineral ore exports that was previously set to begin in 2022, but no decision has yet been made on such a move, its trade minister said on Friday. Talk of a possible earlier start to the ban on ore exports from one of the world's key sources of metals pushed benchmark nickel prices to a 16-month high on Thursday.  

Aug 09 - Glencore's cobalt stock overhang contains prices despite mine suspension 
Cobalt prices have started to firm after Glencore announced plans to freeze output at the world's largest mine of the battery material, but traders say an overhang of stock held by the commodity trader and miner will inevitably cap gains. Glencore said its Mutanda mine in the Democratic Republic of Congo will be put on "care and maintenance" from the end of this year for an expected two years as the economic rationale for keeping it going had deteriorated. 

Aug 09 - Protests halt top copper mines in Peru from shipping, cut off supplies 
Anti-mining protests in Peru have held up about $400 million in copper exports from some of the country's top mines and blocked supplies from reaching their operations for nearly three weeks, the manager of port operator Tisur said on Thursday. Four copper mines - Freeport-McMoRan Inc's Cerro Verde deposit, MMG Ltd's Las Bambas, Glencore PLC's Antapaccay and Hudbay Mineral's Constancia - have been unable to ship copper concentrates from Matarani to destinations in Asia and Europe since July 18, said Gabriel Monge, manager of port operator Terminal Internacional del Sur (Tisur).

Aug 09 - Albemarle to delay construction plans for 125,000 tons of lithium processing 
Albemarle Corp said on Thursday it would delay construction plans for about 125,000 tons of additional lithium processing capacity as an oversupply of the white metal used to make electric vehicle batteries has pushed down prices. The move from the world's top lithium producer is happening as trade tensions between the U.S. and China rattle commodity markets, particularly Lithium, which has been especially weak because of lower demand from China after a change in the country's electric vehicle subsidies.

Aug 09 - Barrick Gold plans to sell Tongon gold mine in Ivory Coast - BBG  
Barrick Gold Corp is looking to sell its Tongon gold mine in the Ivory Coast and is working with Bank of Nova Scotia to identify buyers, Bloomberg said on Thursday. Barrick Gold plans to start a formal sale process in the near term for all or a part of its stake, the report said, citing people familiar with the matter.

Aug 08 - China copper imports rebound, concentrate shipments hit record 
China's unwrought copper imports bounced back in July after two months of declines, jumping nearly 29% from June to the highest since January, while copper concentrate imports hit a record high, customs data showed on Thursday. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China, the world's top copper consumer, stood at 420,000 tonnes last month, the General Administration of Customs said, up from 326,000 tonnes in June but still down 7.1% from July 2018.

Aug 08 - China rare earths group supports counter-measures against U.S. 'bullying' 
China's rare earths association said it would support Chinese counter-measures in the escalating trade row with the United States, which it accused on Wednesday of "bullying". The Association of China Rare Earth Industry issued a statement after a special working meeting on Monday to discuss the "guidance" given by Chinese President Xi Jinping during a visit to a rare earth plant in Jiangxi in May.

Aug 08 - Cobalt, Africa setbacks shrink Glencore's first-half profit 
Glencore reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, while a fall in cobalt prices prompted it to halt output for two years at the world's biggest mine of the battery material. Adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) were $5.58 billion for the six months ended June 30 against $8.18 billion a year earlier.
Aug 08 - China July iron ore imports surge amid growing Australia, Brazil supply
China's iron ore imports surged 21% in July from the month before to their highest level since January, customs data showed on Thursday, as supply grew from miners in Australia and Brazil. Arrivals of iron ore, a key steelmaking raw material, came in at 91.02 million tonnes in July, according to data from the General Administration of Customs.

Aug 08 - Pressure mounts on Thyssenkrupp CEO after fourth profit warning 
Germany's Thyssenkrupp on Thursday issued its fourth profit warning under current boss Guido Kerkhoff, who faces mounting pressure to turn around the stricken conglomerate. The move further erodes confidence in Kerkhoff, whose credibility has already suffered from a botched attempt to merge Thyssenkrupp's steel business with Tata Steel's European unit and a failed plan to spin off the group's capital goods units.

Aug 08 - China's commodity imports surge, confound trade war fears: Russell
Forget the drop in the dollar value of China's imports in July, the important numbers were the bumper purchases of major commodities including crude oil, coal, iron ore and copper. The 5.6% drop in the dollar value of July imports is almost irrelevant and most likely a reflection of lower commodity prices rather than any weakness in the Chinese economy.

Aug 08 - Output at Chile's Codelco copper miner fell 12.1% in H1 vs H1 2018 - Cochilco 
Production at Chile's state-owned Codelco copper mining company fell 12.1% to 769,400 tonnes in the first half of 2019 compared with the same period last year, the country's Cochilco copper commission said on Wednesday. BHP Group's Escondida copper mine - the world's largest - also saw production fall 12% in the first half to 569,900 tonnes, Cochilco said. And the Collahuasi copper mine in northern Chile, a joint venture between Anglo American Plc and Glencore Plc, produced 254,700 tonnes in the first six months of the year, 2.8 percent lower versus the first half of last year.

Aug 08 - Zambian court blocks Vedanta's bid to halt sale of Konkola mine
Vedanta Resources said on Wednesday that the Lusaka High Court had refused its application to halt the Zambian government's winding up proceedings against its Konkola Copper Mines (KCM) business. Mumbai-listed Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company and 80% owned by Vedanta.

Aug 08 - Chemicals maker Albemarle profit beats, raises 2019 earnings forecast 
Albemarle Corp beat quarterly profit estimates on higher demand for bromine and raised its 2019 adjusted profit forecast on Wednesday, sending shares of the world's largest lithium producer up over 10% in extended trading. Sales of bromine, a chemical used to make fire extinguishers, were driven by demand in flame retardants for electronics, clear completion fluids, and polymer resins, despite weakness in automotive and construction, sectors that have been hit by trade tensions and fears of slowing global growth.

Aug 07 - LME to extend open-outcry trade to boost volumes - sources 
The London Metal Exchange is poised to extend its closing open-outcry trading sessions for all metals after volumes jumped in a three-month trial, denting expectations of an eventual move to full electronic trading. The 142-year-old LME achieved an increase in trading during closing rings in its three-month trial with zinc and is expected to announce next week that open-outcry trading for all metals will be doubled to 10 minutes each in closing rings, said a source with direct knowledge of the change. 

Aug 07 - Glencore first-half profit misses estimates on slump in cobalt prices 
Glencore Plc posted an almost one-third fall in first-half core profit on Wednesday, missing market expectations, as it was hit by a collapse in global cobalt prices that would force it to suspend production at its Mutanda mine. The company said the planned suspension at the world's largest cobalt mine, located in the Democratic Republic of Congo, underlined the "reduced economic viability in the current market environment".

Aug 07 - Malaysia to update on rare earths producer Lynas' licence in mid-August 
Rare earths miner Lynas Corp said on Wednesday the Malaysian government has indicated it will make an announcement on its operating licence there in mid-August. Reuters reported on Monday, citing sources, that Malaysia plans to extend the company's licence to operate an $800 million rare earths processing plant, although it could be for a shorter duration than the usual three years.

Aug 07 - China gets more iron ore from Brazil as supply woes fade: Russell 
While iron ore has been hammered by the renewed escalation of the U.S.-China trade war, there are also signs the supply crunch that sent prices to a five-year high is easing. Iron ore futures on the Dalian Commodity Exchange (DCE) fell by the 6% exchange limit during Monday's trade, after China's yuan fell to more than seven to the U.S. dollar, its weakest in more than a decade.

Aug 07 - Guinea delays deadline in Simandou iron ore deposit tender 
Guinea has pushed back its deadline to withdraw tender documents for blocks 1 and 2 of Simandou in an effort to boost competition for the world's largest undeveloped iron ore deposit, a senior mining official told Reuters on Tuesday. It launched the international tender in mid-July, giving companies until Aug. 2 to outline their bids, after strong iron ore prices and the resolution of some legal problems raised hopes for the site's development. 

Aug 07 - Australia's Stanmore Coal gets takeover bid from Winfield Energy 
Australia's Stanmore Coal Ltd said on Wednesday it had received a takeover proposal worth between A$384.2 million ($257.34 million) and A$435.4 million from coal company Winfield Energy. The offer of an indicative price between A$1.50 and A$1.70 per share in cash for Stanmore represents a premium of 20.5% to 36.5% to the company's last close.

Aug 07 - China aluminium smelters narrow losses in July - Antaike 
Production costs for aluminium smelters in China, the world's top maker of the metal, fell 4% month-on-month to an average of 13,888 yuan ($1,973.99) a tonne in July as alumina prices slumped, Antaike says. With July spot aluminium prices averaging 13,796 yuan, smelters were making a loss of 92 yuan a tonne on paper, "significantly narrowed" from June, the research house says in a note based on a survey of 75 smelters. 

Aug 07 - Australia's Galaxy Resources flags lithium impairment charge 
Australia's Galaxy Resources  on Wednesday flagged a non-cash impairment charge of $150 million to $185 million for the first half of 2019, in the latest sign of woes befalling the raw materials sector for electric vehicles. The impairment announcement follows a review of the inventory of lithium concentrate it holds at its flagship Mount Cattlin mine in Western Australia, the costs it attributed to its purchase of the mine's previous owner General Mining Ltd and tax losses, the lithium miner said in a statement to the Australian Stock Exchange.

Aug 06 - U.S. metals firms urge Washington to drop copper items from EU tariff list 
Proposed U.S. tariffs against the European Union over aircraft subsidies could concentrate market control over some supplies of copper alloy in the hands of a German-owned company and hurt American businesses, U.S. industry players said on Monday. The United States has proposed a $25 billion list of European imports facing 100% tariffs once an arbitrator from the World Trade Organization later this year determines the damages caused to U.S. airplane maker Boeing Co by government aid to its European rival Airbus.

Aug 06 - Malaysia plans to extend licence for rare earths producer Lynas - sources
Malaysia plans to extend Lynas Corp's licence to operate a rare earths processing plant, though it could be for a shorter duration than the usual three years, two sources with direct knowledge of the matter said. The Australian company has been running the plant in Malaysia since 2012 using rare earths mined from Mount Weld in Western Australia, despite a dispute over the removal of low-level radioactive waste produced by the plant.

Aug 06 - Brexit and flight to safety propel sterling-priced gold to record high 
Gold priced in sterling soared to a record high on Monday, spurred by fear of a disorderly British exit from the European Union and a generalised flight to safe-haven assets that intensified with rising U.S.-China trade tensions. Gold priced in the British currency has rocketed 25% since early May to a peak of 1,209.55 pounds an ounce, beating its previous record of 1,204.63 pounds set in 2011.

Aug 06 - Lead's gains climax as auto battery demand in China wanes 
Supply disruptions and historically low inventories are unlikely to mean shortages of the auto battery metal lead due to sliding demand in top consumer China, where growth is under pressure because of the U.S.-China trade dispute. Benchmark lead prices on the London Metal Exchange (LME) touched more than $2,110 a tonne on July 25, the highest since mid-March, propelled by production losses at Belgian-listed Nyrstar's Port Pirie smelter in Australia.

Aug 06 - China gets more iron ore from Brazil as supply woes fade: Russell 
While iron ore has been hammered by the renewed escalation of the U.S.-China trade war, there are also signs the supply crunch that sent prices to a five-year high is easing. Iron ore futures on the Dalian Commodity Exchange (DCE) fell by the 6% exchange limit during Monday's trade, after China's yuan fell to more than seven to the U.S. dollar, its weakest in more than a decade.

Aug 06 - India's July gold imports hit 3-yr low on record prices - govt source 
India's gold imports in July plunged 55% from a year ago to the lowest level in three years as a rally in local prices to a record high and a hike in import taxes curtailed demand, a government source said on Monday. Lower purchases by the world's second biggest consumer could cap gains in global prices that jumped to the highest level in over 6-years on Monday, but help the south Asian country in bringing down the trade deficit and supporting rupee.

Aug 06 - Copper hits 2-year lows as metals demand outlook dims: Andy Home 
If you believe that "Doctor Copper" is a sensitive gauge of the health of the global economy, then you should be worried. London Metal Exchange (LME) copper fell through the year's low of $5,725 per tonne on Friday and hit a 26-month low of $5,640 early on Monday. The trigger for the slump was the latest escalation of the trade stand-off between the United States and China, President Trump announcing the imposition of more tariffs on Chinese goods effective the beginning of next month.

Aug 06 - "Don't come if you like gold": Turks march against planned gold mine 
Thousands of Turks including opposition lawmakers staged a peaceful and unusually large protest on the outskirts of a small western town on Monday against what they say will be pollution from a foreign-owned gold mine project. Public opposition to the site owned by Dogu Biga Mining, the Turkish subsidiary of Canada-based Alamos Gold Inc, mounted after the firm allegedly cut down four times the number of trees than it declared in an environmental impact report.

Aug 06 - Ecuador's crackdown on wildcatting at Australian mogul's mining lease faces backlash 
Ecuador's market-friendly President Lenin Moreno is cracking down on illegal gold miners, who are increasingly encroaching on formal mines, but keeping them away from an Australian billionaire's concession for good may prove a tall order. Moreno last month sent 4,000 troops and police to clear thousands of miners from a gold and copper mining concession belonging to Hancock Prospecting, controlled by Gina Rinehart, Australia's wealthiest person.

Aug 06 - Peru to update mining laws, no 'big changes' to taxes - finmin 
Peru is preparing legislation to update the country's mining laws but is unlikely to make any "big changes" on taxes on mining companies, Finance Minister Carlos Oliva said on Monday. International miners including Freeport McMoRan Inc, Glencore PLC, Newmont Mining Corp and Southern Copper Corp operate in the Andean country, the world's No. 2 copper producer and Latin America's biggest gold producer.

Aug 06 - Battery materials maker Australian Mines secures supply deal with S. Korean co 
Battery materials developer Australian Mines Ltd said on Tuesday it signed an off-take agreement to supply battery-grade cobalt and nickel sulphate to South Korea's SK Innovation. Under the terms of the deal, battery maker SK Innovation has agreed to purchase 100% of the battery-grade cobalt sulphate and nickel sulphate produced from Australian Mines' flagship Sconi Cobalt-Nickel-Scandium Project in North Queensland.

Aug 05 - Electric ambition: BHP eyes EV market with speciality chemicals 
BHP Group will face a test of its ability to move beyond bulk mining over the coming year with a foray into specialty chemicals for the battery industry at its once struggling Nickel West division. The global miner said on Friday it plans to start production of nickel sulphate in the second quarter of next year, a higher value, higher purity product for sale to customers throughout the electric vehicle (EV) supply chain.

Aug 05 - Aluminium firm Zhongwang seeks advice after U.S. smuggling charges 
China Zhongwang Holdings said on Sunday it was seeking legal advice after the company and its controlling shareholder, Liu Zhongtian, were indicted on charges they evaded $1.8 billion of tariffs by smuggling aluminium into the United States. Zhongwang said in a statement to the Hong Kong stock exchange that it and Liu had still not been served with any notice in relation to the legal proceedings. 

Aug 05 - Barrick allowed to operate Porgera mine, lease extension being considered 
Barrick Gold Corp said on Friday the National Court of Papua New Guinea had ruled that the miner could continue to operate the Porgera gold mine, while the country's government considers an application to extend the lease for the mine. The government is looking into an application by Barrick Niugini Ltd, a joint venture between Barrick and China's Zijin Mining Group, for a 20-year extension on Porgera's special mining lease that expires on August 16, the company had said. 

Aug 05 - Novelis must offer concessions or face EU veto to $2.6 bln Aleris deal - sources 
U.S. aluminium maker Novelis must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminium processor Aleris, sources close to the matter said. Novelis, part of India's Hindalco Industries, bid for Aleris in July last year as part of its diversification into the aerospace, automotive, beverage can and construction industries among others.

Aug 05 - Sierra Leone cancels or suspends major mining licences - FT 
The government of Sierra Leone has cancelled or suspended the licences of several big mining projects, including the Tonkolili and Marampa iron ore mines, the Financial Times reported on Friday. Since his election last year, Sierra Leone President Julius Maada Bio has been reviewing mining contracts and considering changes to the law that would ensure the country benefits from its natural resources. 

Aug 05 - South Africa's Gold Fields flags lower H1 earnings  
South Africa's Gold Fields Ltd expects interim earnings to have fallen by as much as 15% despite an increase in metal output after the inclusion of its joint venture with Asanko Gold, it said on Friday. Headline earnings per share (HEPS) for the six months ending June 30 are expected to be between 10% and 15% lower, in a range of U.S. 6.8 cents to U.S. 7.2 cents per share compared with U.S. 8 cents per share during the same period a year ago.

Aug 02 - Codelco's Chuquicamata smelter restart delayed until end-October - sources
The reactivation of a smelter belonging to Chile's state-run Codelco, the world's top copper producer, will be further delayed until the end of October this year after missing a previous target of April, four sources told Reuters. Codelco is also buying copper cathode on the spot market, the sources added.

Aug 02 - Vale CEO sees stronger Q3 after Brazil dam burst charges 
Brazil's Vale SA is expecting its results to improve in the third quarter after the company surprised analysts by posting a quarterly loss because of writedowns related to a deadly dam burst in January, its chief financial officer said on Thursday. Vale has been trying to ramp up production after several of its mines were shuttered as prosecutors and regulators scrambled to avoid a recurrence of the collapse of the Brumadinho dam, which killed 248 people.

Aug 02 - BHP to start production of nickel sulphate in Q2 2020
BHP Group plans to start production of nickel sulphate in the second quarter of next year, as it ramps up sales of its nickel products to the battery industry, asset president Eddie Haegel said on Friday. BHP currently produces around 75,000 tonnes of nickel metal as briquettes and powder at its Kwinana refinery on the outskirts of Perth, which it sells mostly to chemicals makers in Asia who turn the products into nickel sulphate, used to make batteries for electric vehicles (EVs).

Aug 02 - Barrick calls for 'partnership approach' to secure Porgera lease extension
Canadian miner Barrick Gold Corp said on Thursday it conveyed the need for a "partnership approach" for the future of the Porgera gold mine in Papua New Guinea, as the Pacific nation wants more benefits from the mine, for which Barrick is seeking a lease extension. Papua New Guinea's recently elected Prime Minister James Marape's view that the nation should receive a "better share of the benefits" generated by the development of its mineral resource is in line with Barrick's commitment, the Canadian miner said in a statement.

Aug 02 - Ferrexpo doubles dividend payment as profit jumps
Iron ore pellet producer Ferrexpo has doubled its interim dividend payout after topping analysts' expectations for first half core earnings on the back of a global rise in the price of the pellets it churns out for the steel industry. The company said on Friday that earnings before interest, taxes, depreciation and amortization (EBITDA) rose 59% in the six months ended June 30 compared to the same period a year ago, to total $372 million.

Aug 02 - Rio Tinto addresses operational problems, delivers record payout
Rio Tinto announced its highest margins in a decade and a record dividend payout on Thursday, but acknowledged it was grappling with operational issues in Australia and Mongolia. Underlying earnings for the six months ended June 30 rose 11% year-on-year to $4.93 billion, just shy of a consensus estimate of $4.95 billion compiled by Vuma Financial.

Aug 02 - China's metal imports falter, raw materials still robust: Andy Home 
China's imports of refined base metals faded over the course of the first half of 2019. In part this can be seen as a reflection of the loss of manufacturing momentum in the Chinese economy. Purchasing managers indices, both the official and the Caixin versions, remain below the growth-contraction threshold with a weak automotive sector a particular source of metal demand concern. 

Aug 02 - Australia's Lynas says prelim work ongoing for Malaysian waste disposal facility
Rare earths producer Lynas Corp on Friday said it was conducting preliminary work on a waste-disposal facility for its Malaysian plant, which is due for an operating licence renewal in September. The largest rare-earths producer outside China said it awaited formal notice from the Malaysian government on the conditions required for renewing its operating licence. Malaysia's environment ministry had said a decision would be announced in mid-August.

Aug 02 - Chile's Codelco announces joint lithium project with Salar Blanco
Chile's state-owned Codelco, the world's top copper miner, said on Thursday that it signed a non-binding agreement with foreign-backed miner Salar Blanco to develop a joint lithium project at the Salar de Maricunga in the country's north. The memorandum of understanding with Salar Blanco, which is 50% owned by Australia's Lithium Power International with smaller stakes held by Canada’s Bearing Lithium, comes after a disagreement over adjoining lithium deposits in the Maricunga salt flat.

Aug 01 - Rio Tinto reports biggest H1 profit since 2014 on red-hot iron ore
Anglo-Australian miner Rio Tinto on Thursday reported its biggest first-half profit since 2014 and declared a bumper dividend, as red-hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March. Prices of the steel-making commodity have spiked this year after disruptions caused by a cyclone in Western Australia added to a supply cut from world's top iron ore miner Vale.

Aug 01 - Gold demand leaps to 3-year high as prices surge - WGC
Global gold demand rose 8% in the first half of this year to the highest since 2016, driven by central bank buying and a flood of investment into gold-backed exchange traded funds (ETFs), the World Gold Council said on Thursday. Retail investors however were put off buying bars and coins by a rapidly rising gold price, the WGC said in its latest Gold Demand Trends report.

Aug 01 - Brazil's Vale dam disasters trigger $2 bln in fresh writedowns
Brazilian miner Vale SA on Wednesday said it swung to a quarterly loss as the company announced more than $2 billion in fresh writedowns related to two deadly dam bursts suffered by the company over a period of less than four years. In late January, the collapse of a Vale tailings dam storing muddy mining waste near the town of Brumadinho killed nearly 250 people, less than four years after a deadly disaster at the company's Samarco joint venture with BHP Group.

Aug 01 - Chinese billionaire indicted in U.S. for alleged $1.8 bln aluminum tariff evasion
A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade $1.8 billion of tariffs by smuggling huge amounts of the metal into the United States, federal prosecutors said on Wednesday. Liu Zhongtian, 55, and China Zhongwang Holdings Ltd, where he served as chairman and president, were among several defendants charged in a 24-count indictment by a Los Angeles grand jury.

Aug 01 - Malaysia asks Australia's Lynas for waste plan before licence renewal
Malaysia is waiting on Australian miner Lynas Corp's plan to manage low-level radioactive waste from its rare earths processing plant ahead of a license renewal, Malaysian Prime Minister Mahathir Mohamad said on Thursday. Lynas, whose operating licence at the an $800 million plant is up for renewal on Sept. 2, has been embroiled in a long-running dispute with Malaysia over how to deal with waste at the plant.

Aug 01 - Outokumpu warns of weaker outlook as Asian steel imports jump
Finnish stainless steel manufacturer Outokumpu warned of further weakness ahead after second-quarter profit slumped by a third as cheap Asian imports hit European sales. Core profit fell 33 percent from a year earlier to 91 million euros ($101 million), it said on Thursday, roughly in line with analyst expectations of 93.4 million euros, Refinitiv data shows.

Aug 01 - Philippines' copper-gold miner Philex eyes partners for $1.1 bln Silangan project
Philippines' copper and gold producer Philex Mining Corp said on Thursday it's seeking possible strategic partners for a long-delayed $1.1 billion mine project in the south of the country that it hopes to fully develop by 2022. The Silangan project, originally slated to begin production by 2018, was hit by a ban on new open-pit mining introduced in 2017 as the government in one of the world's top copper, gold and nickel producers stepped up environmental protection. 

Aug 01 - Albemarle revises Australian Wodgina joint venture as lithium market sags
Albemarle Corp, the world's largest lithium producer, has revised a deal to buy into Australia's Mineral Resources Ltd's Wodgina mine to cut spending on the deal and better cope with a slump in the lithium market. The new deal comes amidst weakness in the lithium sector, with prices for the metal expected to be subdued in 2019 after changes to China's electric vehicle subsidy regime undermined demand from Chinese customers. 

Aug 01 - Australia's Altura Mining inks lithium supply deal with Chinese battery maker
Lithium miner Altura Mining Ltd said on Thursday it has signed an agreement to supply lithium to Chinese battery maker Guangdong Weihua Corp, amid a decline in prices for the product. Under the five-year binding offtake agreement, Altura will supply 50,000 dry metric tonnes of lithium concentrate per annum to the Shanghai-listed company, it said in a statement.

Jul 31 - China steel firms lagging on carbon compliance - study
Chinese steel companies have fallen behind their international counterparts on energy efficiency and carbon compliance, putting them at risk of a surge in costs once regulations are tightened, a research report published on Wednesday said. The study by London-based CDP, formerly known as the Climate Disclosure Project, showed that Chinese steel firms were among the industry's worst performers on measures like carbon intensity, water and energy efficiency, and transparency.

Jul 31 - Glencore says African copper business below expectation
Miner and trader Glencore on Wednesday said its African copper business had failed to meet expected operational performance, and its first-half copper output was around 5% lower than last year, although cobalt was 28% higher. Glencore's exposure to risk in Africa, including in Democratic Republic of Congo and Zambia, has weighed on the company's share price this year.

Jul 31 - Analysts cut copper forecasts on worries about Chinese demand - poll
Analysts have marked down this year's forecasts for copper and other industrial metals prices in recent months as top consumer China struggles to revive its economy, a Reuters poll showed.  The London Metal Exchange index of six base metals has shed 7% since its late February peak, weighed down by a downturn in China, U.S.-China trade tensions and worries about the global economy.

Jul 31 - Alaska mine developer Northern Dynasty wins U.S. EPA reprieve, shares soar
The Trump administration said on Tuesday it would lift an Obama-era restriction on the world's biggest undeveloped gold and copper resource owned by Northern Dynasty Minerals Ltd, sending the Canadian company's shares soaring. Under former U.S. President Barack Obama, the U.S. Environmental Protection Agency in 2014 proposed limits on large-scale mining in Alaska's Bristol Bay watershed, citing environmental concerns. Under President Donald Trump, the EPA has dismantled scores of environmental rules and Trump rejects mainstream climate science.

Jul 31 - Australian private equity firm EMR weighs copper mines IPO
Australian private equity firm EMR Capital is considering selling its four copper mining assets through an initial public offering sometime after 2019, looking to tap investor appetite for a copper miner as demand for the red metal is set to grow. EMR's chief executive Jason Chang said on Wednesday it is looking to package the Capricorn and Golden Grove mines in Australia, an 80% stake in the Lubambe mine in Zambia and its Redhill prospect in Chile into one entity that could potentially be listed.

Jul 31 - South Korea to push for sanctions on US in Obama-era steel pipes case
South Korea plans to push for trade sanctions against the United States in a dispute over tariffs on steel pipes, an agenda for a World Trade Organization (WTO) meeting showed on Tuesday. South Korea went to the WTO in 2014 to challenge U.S. tariffs levied on oil country tubular goods (OCTG), a type of steel piping used in the oil industry.

Jul 31 - Korea Zinc carries out planned maintenance at lead refinery
Korea Zinc is carrying out a month-long planned maintenance at its Onsan lead refinery until late August, according to a source at the company and a company spokesman. About 18,000 tonnes of lead are expected to be off the market during the maintenance period, the company spokesman said, but there would be no supply disruption as the company had secured inventories ahead of the maintenance.

Jul 31 - Mineral-rich Ecuadorean province requests popular referendum on mining
The government of a key mining province in southern Ecuador has proposed a popular referendum on the development of new mines in the region, the latest obstacle to market-friendly President Lenin Moreno's efforts to attract foreign mining investment. Azuay province is home to several potentially lucrative gold, silver and copper projects, including the Loma Larga project operated by Canada's INV Metals and the Rio Blanco mine, owned by a Chinese consortium consisting of Junefield Mineral Resources Limited and Hunan Gold Group.

Jul 30 - Miner Lithium Australia furthers battery push with Chinese partner, shares jump 
Lithium Australia NL said on Tuesday it had signed a deal with Chinese joint venture partner DLG Battery Co Ltd, to sell a range of lithium-ion batteries in the domestic market, sending its shares to a more than two-week high. Under the deal, the parties will form a new joint marketing division, Soluna Australia Pty Ltd, to supply and service a range of lithium-iron-phosphate (LFP) and lithium-ion batteries with a focus on industry-scale energy storage systems.

Jul 30 - Rare earth producer Lynas says permit renewal on track 
Australian rare earth producer Lynas Corp Ltd said on Monday it is on track to have its Malaysian operating licence renewed, as it flagged soft demand from China amid a slip in quarterly sales revenue. Lynas is in dispute with Malaysia over the removal of low-level radioactive waste produced by its processing plant in the country, but said last week it was confident of resolving issues around its license before a Sept. 2 deadline. 

Jul 30 - Protests over worker deaths paralyse production at some Coal India mines 
Members of Indian Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) have mounted protests that have paralysed production at one of India's biggest coalfields following a deadly accident last week. The BJP workers have been staging sit-down protests and waving flags at state-run Coal India Ltd's mines in the eastern state of Odisha, demanding a safety audit of all mines in the region.

Jul 30 - Fresnillo half-year profit tumbles on lower production, costs 
Fresnillo's profit plunged by more than two-thirds in the first half of the year, hit by a drop in production and higher costs, the silver and gold miner said on Tuesday as it cut its capital spending budget for the year. "Continued challenges at our Fresnillo, Saucito and Herradura mines, combined with higher costs, have impacted profitability for the period," Chief Executive Officer Octavio Alvídrez said in a statement.

Jul 29 - Europe's central banks ditch 20-year-old gold sales agreement
European central banks have ditched a 20-year-old agreement to coordinate their gold sales, saying they have no plans to sell large amounts of the metal, the European Central Bank (ECB) said on Friday. The Central Bank Gold Agreement (CBGA) was originally signed in 1999 to limit gold sales and help stabilise the market for the precious metal.

Jul 29 - China June rare earth magnet exports to U.S. fall 3.9% from May
China's exports of rare earth magnets to the United States fell 3.9% in June from the previous month, customs data showed on Saturday, as concerns persist that Beijing will curb supply of rare earth products as part of its trade war with Washington. The latest data came after U.S. President Donald Trump on Monday told the Pentagon to find better ways to procure samarium-cobalt rare earth permanent magnets, used in specialty motors, warning that the country's defence would suffer without adequate stockpiles. 

Jul 29 - Where BHP goes on climate change, will others follow?: Russell
BHP Group may just have set the template for how resource companies are going to deal with the challenge of climate change, even if some of its competitors would prefer a course of more talk and less action. The world's biggest miner announced on July 23 that it will invest $400 million over five years to reduce emissions. 

Jul 29 - Glencore starts copper concentrates blending facility in Taiwan
Glencore has started a new copper concentrates blending facility in Taiwan to mix clean material with ores containing high levels of arsenic, three sources familiar with the matter said. The blending of concentrates containing high levels of impurities such as hazardous arsenic is aimed at making the material fit for shipment to China, the world's biggest importer of copper concentrates.

Jul 29 - Brazil regulator probes Vale CFO over dam burst disclosures
Brazilian securities regulator CVM has opened two probes into Vale Chief Financial Officer Luciano Siani's conduct in the aftermath of a dam burst in late January that killed nearly 250 people, according to the CVM's website. Details of the investigations were not immediately available. Brazilian newspaper Valor Economico said at issue was Siani's alleged failure to "fully and immediately" disclose information about the accident.

Jul 29 - Mining mogul Agarwal made just 6% profit on Anglo investment - Reuters estimate
Mining mogul Anil Agarwal pocketed just 6% profit from his 3.5 billion pound ($4.3 billion) investment in Anglo American, held since 2017, even though the underlying shares rose over 50% since then, according to Reuters estimates. Agarwal's family vehicle Volcan Investments, the biggest shareholder in Anglo, said on Thursday it would unwind its almost-20% stake in the South African miner by repaying debt with 247.1 million Anglo shares. 

Jul 29 - Russia's Rusal says aluminium sales up 21% q/q
United Company Rusal on Friday reported a 21% rise in second quarter aluminium sales compared to the previous quarter, as the Russian aluminium giant's recovery from 10 months under U.S. sanctions accelerated. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, has been restoring operations after U.S. sanctions - first imposed on Rusal and its co-owner Oleg Deripaska in April 2018 - were lifted in January this year. 

Jul 29 - Gunmen kidnap two workers at Banro Corp east Congo mine - army
Gunmen kidnapped a South African and one Zimbabwean worker at Banro Corp's gold mine in the east Congolese province of Maniema on Sunday, an army spokesman said. Dieudonne Kasereka, army spokesman for South Kivu province, gave no further details.

Jul 26 - China's steel minnows sidestep pollution rules to boost output 
Small steel mills in China are taking advantage of lax environmental enforcement to ramp up production ahead of bigger rivals, industry and government officials said, jeopardising anti-smog targets and defying industry consolidation. China's massive steel sector is a key battleground in the country's war on pollution, with air quality in major steel-producing cities like Tangshan and Handan routinely listed among the most toxic. 

Jul 26 - London Metal Exchange to shine a light on shadow stocks: Andy Home 
The London Metal Exchange (LME) copper market has experienced several "stocks bombshells" this year with huge amounts of metal seemingly arriving out of nowhere in a single day. Almost 80,000 tonnes of copper was put onto warrant over just two days in the middle of March causing LME stocks to jump by 71%. There have been six subsequent days of copper warrantings exceeding 30,000 tonnes.

Jul 26 - Rare earths miner Lynas confident on Malaysia licence renewal as expiry looms 
Australia's Lynas Corp is confident its licence to run an $800 million rare earths processing plant in Malaysia will be renewed by authorities before a Sept. 2 deadline expires, a top company official said. Lynas and Malaysia have been locked in a dispute for nearly eight months over the removal of low-level radioactive waste produced by the company.

Jul 26 - China will not set blanket winter output cuts for heavy industry 
China's central government will not set overall output restrictions on heavy industry for the coming winter, but will direct local governments to set limits based on manufacturers' emissions, the environment ministry said on Friday. China, in the sixth year of its "war on pollution", is seeking to maintain its focus on curbing smog, but without unnecessarily penalising well-performed producers at a time of slowing economic growth.

Jul 26 - Newmont CEO says Goldcorp mines need about 3 years of development, exploration work 
Newmont Goldcorp needs to do as much as three years of work at the mines it added through its acquisition of Goldcorp to bring them to acceptable levels of performance, its chief executive told Reuters on Thursday. The company reported a substantial decline in second-quarter profit, driven largely by the transaction's integration costs. Shares dropped 3.4% to $37.98 at 1:44 p.m. in New York.

Jul 26 - Western aluminium industry urges G7 to curb state subsidies 
Western aluminium groups called on G7 leaders meeting next month in France to curb state subsidies that they regard as distorting global trade and fuelling overcapacity, they said on Thursday. "We are calling on the G7 to take the lead for focused and decisive action ... to begin the process of setting new, more effective rules on subsidies and SOEs (state-owned enterprises) to put an end to such distortive practices," the groups said.

Jul 26 - Indian billionaire Anil Agarwal sells Anglo stake 
Indian billionaire Anil Agarwal, the biggest shareholder in mining company Anglo American, said on Thursday he was divesting the nearly 20% stake he has held since 2017. Agarwal began buying into Anglo American through a JP Morgan mandatory convertible bond in March 2017 and announced he was buying a second tranche in September 2017, taking his holding in the mining group to a total of 19.3%.

Jul 26 - India's JSW says steel sector slowdown could impact turnaround time for Monnet 
India's JSW Steel Ltd said a weaker steel market hit by falling global demand and a local slowdown could impact the turnaround time for its newly acquired Monnet Ispat assets, but its chairman played down any substantial impact on financials. "It might be a little bit affected," Sajjan Jindal, co-chair of India's biggest steel company by local capacity, said in Mumbai on Thursday.

Jul 26 - China's June net gold imports via Hong Kong slump to 9-month low 
China's net gold imports via Hong Kong in June tumbled about 35% from the previous month to the lowest in nine months in part due to a seasonal slowdown in the jewellery industry, data from the Hong Kong Census and Statistics Department showed on Thursday. Net imports via Hong Kong to China, the world's top consumer of the metal, decreased to 14.043 tonnes in June from 21.733 tonnes in May, according to the data. The June imports touched the lowest since September 2018, when they stood at about 11.059 tonnes.

Jul 26 - China Moly takes full control of ex-Dreyfus metals unit for $518 mln 
China Molybdenum Co, majority owner of a huge copper-cobalt mine in the Democratic Republic of Congo, said on Thursday it had completed the acquisition of all of IXM, formerly the metals business of trading house Louis Dreyfus, for $518 million. "The metal trading business will become an important part of the company's businesses ... and improve the international competitiveness and influence in the industry of the company," China Moly said in a statement to the Hong Kong stock exchange.

Jul 25 - Australia's Fortescue Metals reaps iron ore price windfall 
Australia's Fortescue Metals Group reported record quarterly iron ore shipments on Thursday, boosting its sales as prices spiked to five-year highs, and forecast stronger shipments in the coming year. Fortescue said the price it received for its ore in the June quarter jumped 30 percent from the previous three months to $92 per dry metric tonne, narrowing its discount to benchmark 62% iron ore to 13 percent from as wide as 37 percent a year ago.

Jul 25 - Freeport swings to quarterly loss as copper, gold output drops 
Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a quarterly loss on Wednesday as costs spiked and production of gold and copper plunged at a key Indonesian mine. While the loss, the company's first since 2016, wasn't as steep as analysts had expected, it comes as Freeport is spending billions of dollars to expand Indonesia's Grasberg copper and gold mine underground, a two-year process that is vital to the company's future. 

Jul 25 - Chinese firms to build gold smelter, refineries in Tanzania 
Tanzania said on Wednesday it had awarded licences for the construction of a mineral smelter and two gold refineries to Chinese firms, as part of government efforts to generate more revenues from the nation's mining industry. Minerals Minister Doto Biteko said the Chinese companies would also soon be awarded licences for mines, each of which would require investment worth more than $100 million.

Jul 25 - Chilean lawmakers abolish law requiring Codelco to finance military 
Chilean lawmakers passed a measure on Wednesday abolishing an antiquated, decades-old law under which state-run Codelco, the world's largest copper miner, helped foot the bill for the country's military. The bill establishes a dedicated fund to finance the Chilean armed forces, and beefs up congressional oversight of the use of those funds, according to a statement from Chile's Congress. Codelco's payments to Chilean state coffers will be phased out over a period lasting more than a decade.

Jul 25 - Anglo American ups dividend, launches $1 bln share buyback 
UK-based miner Anglo American Plc raised its dividend payout by 27% and announced a $1 billion share buyback on Thursday but said it was urgently investigating the death of 10 employees in commuter accidents in Chile. Five Anglo American workers died in safety incidents last year and the company said there were three more deaths in the first half of the year.

Jul 25 - Australia's Newcrest Mining Q4 gold output rises, Cadia mine hits record 
Gold miner Newcrest Mining Ltd said on Thursday its gold output rose 4.2% in the fourth quarter, boosted by record gold production at its flagship Cadia mine. Australia's largest listed gold miner said production for the June quarter rose to 661,414 ounces from 634,950 ounces reported last year. UBS had estimated gold production of 650,000 ounces for the latest period.

Jul 25 - Teck Resources misses profit estimates on lower base metal prices 
Canadian miner Teck Resources Ltd on Thursday reported quarterly profit slightly below analyst estimates, hurt by lower copper and zinc prices. The ongoing U.S.-China trade war and slowing macroeconomic outlook have hurt copper prices and other base metal prices, hurting Teck's income.

Jul 25 - Agnico Eagle Mines beats profit estimates on higher gold prices 
Canadian gold miner Agnico Eagle Mines Ltd reported a better-than-expected adjusted profit for a fourth straight quarter on Wednesday, largely due to higher realized gold prices. Average realized gold prices rose to $1,318 per ounce from $1,293 a year earlier, the company said, while gold production improved 1.8% to 412,315 ounces.

Jul 24 - Aluminium producers in Canada cash in on U.S. tariff exemption
Canada's exemption from U.S. tariffs on imports of aluminium metal has boosted earnings at the Canadian operations of companies such as Rio Tinto and Alcoa, but has not cut costs for U.S. consumers. In May, the United States lifted the Section 232 tariff of 10% imposed on Canadian imports of aluminium, a vital ingredient for auto makers, drinks firms and military equipment companies.

Jul 24 - The wildcat gold miners who get rich sick
A few years after coming as a teenager to this Ghanaian town to prospect for gold, Yaw Ngoha had made enough cash to marry his sweetheart and build a house with a porch, to which he would later add a flat-screen TV and satellite dish. So when a town elder invited a doctor to talk to miners about the hazards of wildcat mining, "nobody listened," said the 36-year-old, sitting on a wooden bench on his porch in a lush banana grove.

Jul 24 - World aluminium output falls as China growth engine stalls: Andy Home
Global aluminium production fell by 0.5% in the first half of this year, according to the International Aluminium Institute (IAI). That doesn't sound very exciting but global output hasn't registered a year-on-year decline since the Global Financial Crisis in 2009.

Jul 24 - Antofagasta quarterly copper production jumps on flagship mine expansion
Chilean miner Antofagasta Plc reported a nearly 22% jump in copper output in the second quarter, helped by an expansion at its flagship Los Pelambres mine in the central part of the country. The FTSE 100 company reduced its annual forecast for net cash cost, a measure of cost of production per pound of copper produced, to $1.25 per pound as it expects to benefit from a weaker Chilean peso and higher by-product prices.

Jul 24 - South African court blocks Zambian plan to sell Vedanta copper mine
South Africa's High Court on Tuesday has ordered the Zambian government to halt the sale of Vedanta Resources's majority-owned Konkola Copper Mines (KCM) until a final decision is made through arbitration. Vedanta has been locked in a dispute with the Zambian government since May when Lusaka appointed a liquidator to run KCM, which is 20% owned by Zambia's state mining company ZCCM and the rest by Vedanta. Zambia accused KCM of breaching the terms of its licence.

Jul 24 - Greece seeks to kickstart stalled Eldorado gold mine investment
Greece's recently-elected government wants a stalled gold mine investment by Canada's Eldorado to be revived, its energy minister said on Tuesday after meeting company executives. Vancouver-based Eldorado has two operating mines and two development projects in northern Greece but has struggled with permit delays at one location, Skouries, for years.

Jul 24 - ArcelorMittal's Ukraine mill says it will lose $1 mln due to environmental probe
ArcelorMittal's Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment was seized following a security service investigation, the plant's acting head Oleksandr Ivanov said on Tuesday. The probe into Ukraine's largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelenskiy, who has promised to make the country more business friendly.

Jul 23 - Some Australian BHP investors push for external candidate for CEO
At least three institutional investors in Australia are pushing for global miner BHP Group to consider external candidates to replace Andrew Mackenzie as new CEO, sources with direct knowledge of the matter said. The move highlights nascent investor pressure on the world's biggest miner to consider drastic changes in management to tackle challenges like cutting costs, an eventual return to lower iron ore prices, and rebuilding its reputation after a Brazil dam disaster.

Jul 23 - Trump tells Pentagon to find better sources of rare earth magnet
U.S. President Donald Trump on Monday told the Pentagon to find better ways to procure a rare earth magnet used in specialty motors, warning that the nation's defense would suffer without adequate stockpiles. Attention is growing on rare earths, an obscure grouping of 17 minerals used to build weapons, consumer electronics and a range of other goods. There are no known substitutes. 

Jul 23 - Guinea seeks developers for Simandou iron ore deposit
Guinea has launched an international tender for blocks 1 and 2 of Simandou, giving companies until Aug. 2 to outline their bids, as the country seeks to revive interest in the world's largest undeveloped iron ore deposit. Guinea's aspirations to develop Simandou have foundered because of the cost of infrastructure and protracted legal disputes, but strong iron ore prices and the resolution of some of the problems have increased the chances that developers can be found.

Jul 23 - Vale Q2 iron ore output falls 33.8% following Brazil January dam break
Brazil's Vale SA said on Monday that its second-quarter iron ore production plunged almost 34% from a year ago as many of its key dams remained all or partially shut down after a deadly dam burst in January. The drop to 64.057 million tonnes came as several major mines including Brucutu, its largest mine in the southeastern state of Minas Gerais, were at least partially shuttered for all or most of the quarter.

Jul 23 - Norsk Hydro sees higher cost of cyber attack as Q2 lags
Norsk Hydro, one of the world's largest aluminium producers, said a cyber attack it sustained in March would cost it more than expected in the second quarter as it reported quarterly earnings that slightly lagged forecasts on Tuesday. The cyber attack is now expected to cost 250-300 million crowns in the second quarter, compared with an earlier view that it would cost some 200-250 million crowns in that period.

Jul 23 - Vale Q2 iron ore output falls 33.8% following Brazil January dam break
Brazil's Vale SA said on Monday that its second-quarter iron ore production plunged almost 34% from a year ago as many of its key dams remained all or partially shut down after a deadly dam burst in January. The drop to 64.057 million tonnes came as several major mines including Brucutu, its largest mine in the southeastern state of Minas Gerais, were at least partially shuttered for all or most of the quarter.

Jul 23 - S.Korea's POSCO posts 15% drop in Q2 operating profit on higher raw materials costs
South Korean steelmaker POSCO said on Tuesday its second-quarter operating profit fell 15% from the same period a year earlier, dragged down by higher raw material costs, meeting analyst estimates. The world's fifth-biggest steelmaker forecast a pick-up in China's steel demand in the second half of the year, supported by a boost to economic policy, but said global steel demand growth is expected to slow due to economic uncertainties.

Jul 23 - South Africa's Kumba Iron Ore H1 earnings more than treble
South Africa's Kumba Iron Ore Ltd on Tuesday reported a 239% surge in half-year earnings, boosted by higher iron ore prices and a weaker rand/dollar exchange rate. The company, a unit of Anglo American, posted headline earnings of 10.1 billion rand ($725.48 million).

Jul 22 - China's Tsingshan roils nickel market with buying spree
Chinese firm Tsingshan Holding Group has been buying large quantities of stainless steel ingredient nickel on the London Metal Exchange (LME) to supplement its own output, two sources familiar with the matter said. They could not specify the amounts Tsingshan has bought.

Jul 22 - Rio Tinto's Mongolia copper problems highlight frontier country risks: Russell
Looking for a long-term bullish signal for copper? Then look no further than Rio Tinto's struggles with the Oyu Tolgoi mine and expansion project in Mongolia. The latest news about the giant copper-gold project is that the production from the underground expansion will be delayed by more than a year to between May 2022 and June 2023, and that costs have ballooned by another $1.9 billion. 

Jul 22 - China to impose anti-dumping tax on stainless steel from Indonesia, EU, Japan, S.Korea
China said on Monday it will impose anti-dumping duties on some stainless steel products imported from the European Union, Japan, South Korea and Indonesia. Anti-dumping tariffs of 18.1% to 103.1% will be applied to stainless steel billets and hot-rolled stainless steel plates from companies in the EU and the three Asian nations, effective July 23, China's Ministry of Commerce said in a statement.

Jul 22 - Australia's Northern Minerals raises $21 mln for rare earths expansion
Australian rare earths developer Northern Minerals said on Monday it has raised A$30 million ($21 million) from shareholders to fund expansion at its Browns Range project after trade tensions refocused interest in the industry. The developer has received commitments from Australian and overseas investors for the rights issue to fund further exploration, an ore sorting machine, and an examination of whether it can move more production onshore, it said in a filing to the Australian Securities Exchange.

Jul 22 - China steel mill boss detained for pollution offences - state media
The boss of a steel mill in the city of Tangshan in Hebei province has been detained after his plant was found to have violated anti-smog restrictions, state media reported on Monday. The Tangyin Steel Plant, owned by the Tangshan Iron and Steel Group, had failed to carry out a mandatory 50% production cut, imposed by the local government, the Futures Daily newspaper reported.

Jul 22 - Jervois Mining takes over Canada's Ecobalt, shares jump
Australian cobalt developer Jervois Mining will take over eCobalt Solutions after shareholders of the Canadian company voted in favour of the deal, Jervois said on Monday. Jervois will acquire eCobalt in a plan of arrangement that values the deal at C$57.6 million ($44.1 million), and will become the owner of the Idaho Cobalt Project, North America's major cobalt project.

Jul 22 - Speculators raise COMEX gold net longs in latest week - CFTC
Hedge funds and money managers raised their bullish stance in COMEX gold in the week to July 16, the U.S. Commodity Futures Trading Commission (CFTC) said in a report on Friday. The speculators also increased their net long position in silver futures and options and reduced their bearish stance on copper, CFTC data showed.

Jul 22 - ArcelorMittal's Ukraine mill says searched by security service
The Ukrainian arm of the world's biggest steelmaker said on Saturday that the state security service had searched its plant in Kryvyi Rih, a week after new Ukrainian President Volodymyr Zelenskiy criticized the management. ArcelorMittal has invested about $9 billion in Kryvyi Rih, Ukraine's largest steel mill, which is now under close government scrutiny.

Jul 22 - Amplats H1 earnings jump on higher PGM prices
Anglo American Platinum (Amplats) half-year earnings more than doubled helped by higher metals prices and a stock count adjustment, the South African mining company said on Monday. Higher prices for precious metals and a weaker rand currency have improved operating conditions for South African producers. Amplats said headline earnings per share (HEPS) for the six months to June 30 rose by 120% to 28.15 rand ($2.02) per share from 12.82 rand a year earlier.

Jul 22 - Colombia wants to become player in copper in next few years - government official
Colombia is looking to become a notable producer of copper within the next few years, the head of the national mining agency said, in a bid to diversify its mining output without neglecting production of coal and gold. Mining in Colombia has historically been focused on large coal mines along its northern coast and relatively small scale gold and emerald operations in the Andes.

Jul 19 - Indonesia will enforce 2022 ban on raw mineral ore exports - official 
A senior Indonesian mining ministry official pledged on Thursday that authorities would enforce a ban on the export of raw ore exports by 2022 to make miners process minerals in the country. Based on a 2017 mining regulation, Indonesia is due to stop allowing the export of unprocessed ore starting Jan. 12, 2022, after giving miners a five year period to build smelters onshore.

Jul 19 - Miner Acacia agrees to increased buyout offer from Barrick 
Barrick Gold Corp has agreed to buy out fellow shareholders in Acacia Mining in a deal that values the firm at 951 million pounds, ending a two-month standoff between the world's second biggest gold miner and its Africa unit. Barrick had spun off Acacia into a separate company in 2010, but owns about 64% of the company. The deal will offer Acacia shareholders, as well as special dividends on Acacia exploration properties and deferred cash consideration dividends, 0.168 Barrick shares per Acacia share, implying a value of about 232 pence per share, the miner said. 

Jul 19 - Copper concentrates tightness threatens benchmark pricing: Andy Home 
The copper market may be stuck in a well-worn trading range but there is plenty of action unfolding in the mine concentrates segment of the copper supply chain. China's copper smelters have just slashed their minimum charges for converting concentrates into refined metal. The 10-member China Smelters Purchase Team (CSPT) has set treatment and refining charges at $55.00 per tonne and 5.5 cents per lb respectively for third-quarter deliveries. 

Jul 19 - Zambia first-half copper output down 4% – mines ministry 
Zambia's copper production dropped 4% to 393,419 tonnes in the first six months of the year, ministry of mines data showed on Thursday. Mines Permanent Secretary Paul Chanda attributed the decline to challenges such as declining ore grades but said full-year output is likely to exceed 2018 figures.

Jul 19 - Ecuador begins large-scale mining at Mirador copper project 
Copper output began at the Chinese-owned Mirador mining project in southern Ecuador on Thursday, a milestone in market-friendly President Lenin Moreno's effort to boost the mining sector and wean the OPEC nation's economy off its dependence on oil. Ecuador, an Andean country neighboring No. 2 copper producer Peru, has large mineral reserves but is only beginning to develop industrial-scale mining projects. Mirador has an estimated 3.2 million tonnes of copper reserves, along with 3.4 million ounces of gold and 27.1 million ounces of silver

Jul 19 - Global nickel market deficit widens in May to 12,500 T - INSG 
The global nickel market deficit widened to 12,500 tonnes in May from a revised shortfall of 7,500 tonnes in the previous month, the International Nickel Study Group (INSG) said on Thursday. In the first five months of the year, there was a global deficit of 37,900 tonnes compared to a deficit of 73,000 tonnes in the same period of 2018, Lisbon-based INSG added.

Jul 19 - Peru's Vizcarra says Southern Copper must resolve local concerns at Tia Maria mine 
Peru's President Martín Vizcarra said on Thursday that Southern Copper Corp's must resolve issues with protesting local residents at its Tia Maria mine before the long-delayed copper project can move ahead. Residents from the area around the $1.4 billion Tia Maria mine began protesting on Monday and blockaded a section of coastal highway after the mine was granted a permit earlier this month.  Peru is the world's No. 2 producer of the metal.

Jul 19 - Miner Boliden Q2 profit lags on maintenance shutdowns, lower metal grades 
Sweden's Boliden reported a larger than expected drop in quarterly operating profit on Friday as it took a hit from maintenance shutdowns at its smelters and lower metal grades in its mines. Second-quarter operating earnings fell to 1.54 billion Swedish crowns ($165 million) from 2.47 billion in the year-ago quarter, lagging the 1.88 billion mean analysts' forecast according to data from Refinitiv.

Jul 19 - Steelmaker SSAB's Q2 profit drops as Europe weighs 
Swedish steelmaker SSAB reported a 19% drop in second-quarter operating profit on Friday as weak profitability in Europe, its biggest market, overshadowed more solid development in the United States. The company said there was uncertainty regarding the state of the business cycle going forward, and that production volumes and temporary staff would be cut in the third quarter.

Jul 18 - China copper smelters slash Q3 TC/RC floor, weigh output cuts - sources 
China's top copper smelters on Thursday lowered their floor treatment and refining charges (TC/RCs) for the third quarter by 24.7%, two people familiar with the matter said, with one adding smelters will consider cutting output if low rates persist. The 10-member China Smelters Purchase Team (CSPT) set the treatment charge floor at $55 per tonne, and the refining charge floor at 5.5 cents a pound at a meeting in Hunchun, in northeast China's Jilin province, said the people, who asked not to be identified due to the sensitivity of the matter.

Jul 18 - Anglo American's Q2 output rises 2%, Minas Rio ramps up 
Anglo American on Thursday said the ramp-up of iron ore at Minas Rio in Brazil and higher volumes of coking coal had offset reduced diamond production, raising second-quarter output by 2% and keeping the company on track to meet its 2019 targets. Prices of iron ore, used with coking coal to make steel, have outperformed other base metals, reaching five-year highs, after a Vale dam disaster in Brazil led to production shut-ins.

Jul 18 - Iron ore market regains composure, futures curve may be too pricey: Russell 
There are emerging signs that stability is starting to return to the iron ore market, suggesting that spot prices may have peaked and the forward curve may look too rich. Two of the world's top three miners of the steelmaking ingredient, Rio Tinto and BHP Group, released production numbers that suggested the worst is over for the weather-related supply disruptions that curtailed output at the companies' Australian mines in the first quarter of 2019.

Jul 18 - Nickel jumps but fear of Indonesia export ban is unfounded: Andy Home 
Nickel is enlivening an otherwise torpid summer for the base metals complex. The market is on a bull charge in both London and Shanghai. London Metal Exchange three-month nickel has jumped 23% since the start of June and at a current $14,250 per tonne is trading at its highest level in a year. Chinese speculators are surging into the Shanghai Futures Exchange contract, which is also nudging one-year highs.

Jul 18 - Sweden seeks lithium tie-ups in South America amid 'white gold' rush 
Sweden is turning its gaze towards Peru and other South American countries for lithium tie-ups amid a global race to lock in supply of the "white gold" metal that is key for the batteries that power electric vehicles. A senior trade official from the Scandinavian nation told Reuters by phone that firms in Sweden - which is making a push in such batteries is home to global car brand Volvo - were looking for alliances with regional lithium and copper producers.

Jul 18 - Two Chinese ports halt customs clearances for coal imports - sources 
Chinese customs is no longer permitting coal cargoes to enter the country at the ports of Jingtang and Caofeidian, said three coal traders, who were told by customs officials of the halt on Tuesday. Customs officials at the port of Jingtang, one of China's biggest coking coal import points, and the neighbouring port of Caofeidian said they would halt customs declearation services from July 16 until further notice, the traders said on Wednesday.

Jul 18 - Australia's South32 posts 69% rise in annual coking coal production 
Australia's South32 Ltd on Thursday reported a 69% jump in full-year coking coal production, beating analyst estimates, as the diversified miner ramped up production at its Illawarra project. The company, spun off from mining giant BHP Group in 2015, also said it had received bids for its South Africa Energy Coal assets in the June quarter and was currently in talks with interested parties.

Jul 18 - Nine companies weighing bids for Vedanta's Zambian assets - minister 
Zambia expects nine companies to submit bids for Konkola Copper Mines (KCM) within weeks, mines minister Richard Musukwa said on Wednesday, even as a court case with Mumbai-listed Vedanta over its ownership was underway. The dispute between the government and Vedanta started in May when Zambia appointed a liquidator to run KCM, which is around 20% owned by Zambia's state mining company and majority owned by Vedanta, and accused it of breaching its licence.

Jul 17 - How lithium-rich Chile botched a plan to attract battery makers 
In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.

Jul 17 - Send in the troops: Congo raises the stakes on illegal mining 
A Congolese army officer arrived in the village of Kafwaya in June and warned residents not to trespass on a major Chinese copper and cobalt mine next door. As night fell about a week later, the soldiers moved in. "They didn't say anything to anyone," said Fabien Ilunga, an official in Kafwaya, which is home to thousands of miners eking out a living by illegally exploiting the nearby mineral resources. "The army started to burn down the tarpaulin houses."

Jul 17 - BHP iron ore output rebounds in Q4, set for modest growth in 2019/20 
BHP Group Ltd, the world's biggest miner, on Tuesday reported a rebound in iron ore output in the fourth quarter after a cyclone hit production in March, and forecast modest output growth in 2019/20 amid a surge in prices. BHP met its revised target for iron ore production, but flagged $1 billion in productivity losses for fiscal 2019 in its quarterly production report, flowing from disruptions to operations across its commodities.

Jul 17 - China promises iron ore "market order" in meeting with steel mills - source 
China's government promised it will keep "order" on the iron ore market at a meeting last week with the country's steel producers who complained about record-high prices, according to a source who attended the meeting. More than a dozen representatives from government departments, leading steel mills, including China Baowu Group, Ansteel Group and Jiangsu Shagang Group, domestic trading houses, industrial associations, consultancies and Dalian Commodity Exchange gathered at the Ministry of Industry and Information Technology (MIIT) last Thursday, the source said.

Jul 17 - Peruvian president rejects call to cancel copper mining project permit amid protests 
Peruvian President Martin Vizcarra rejected the demand of a regional governor on Tuesday to cancel within 72 hours the construction permit for a copper mining project that has led to protests. Residents from the area bordering Southern Copper Corp's $1.4 billion Tia Maria copper mine project in the south of Peru, which is the second largest copper producer in the world, began protesting on Monday with a blockade of a portion of Peru's main coastal highway. 

Jul 17 - Fresnillo cuts 2019 output targets on lower ore grades 
Miner Fresnillo cut its output targets for 2019, citing lower-than-expected ore grades and delays in construction at its Herradura gold mine in Mexico after reporting a drop in second-quarter output from a year earlier. The FTSE 100-listed company cut its 2019 gold production forecast to 880,000-910,000 ounces from a prior target of 910,000-930,000 ounces and silver production to 55-58 million ounces from 58-61 million ounces.

Jul 17 - Australia's Port Hedland iron ore shipments to China jump 11% in June 
Iron ore shipments to China from Australia's Port Hedland terminal rose more than 11% in June from a month earlier, port data released on Wednesday showed. Iron ore shipments to China from the world's biggest iron ore port totalled 42 million tonnes in June, compared with May's 37.8 million tonnes, the Pilbara Ports Authority said.

Jul 17 - Acacia's North Mara mine ordered to stop using tailings storage facility 
Acacia Mining said on Wednesday that Tanzania has ordered it to stop using tailing storage facility at its North Mara mine due to failure to contain and prevent seepage. Acacia said it will request copies from National Environment Management Council of any investigation reports or data on which the notice was based on.

Jul 17 - London Metal Exchange adds Huayou's cobalt to its approved list 
The London Metal Exchange (LME) has added cobalt metal produced by Quzhou Huayou Cobalt New Material to its list of approved brands for delivery against its physical contract, the exchange said on Tuesday. Other Chinese companies producing cobalt approved for delivery against the LME contract, launched in 2010, include Jinchuan Group, Yantai Cash Industrial and GEM (Jiangsu) Cobalt Industry, according to the LME website.

Jul 16 - Rio Tinto hits cost blowout at Mongolia copper expansion
Rio Tinto on Tuesday flagged a cost blowout of up to $1.9 billion and a delay of up to 30 months at its Oyu Tolgoi underground copper mine in Mongolia, the miner's key growth project. Rio said the delay stemmed from the project's challenging geology. It expected to determine the preferred mine design, along with a final estimate of cost in the second half of 2020, and was also reviewing the value of its investment.

Jul 16 - Trump to sign order on U.S. content thresholds for steel, iron -Navarro
U.S. President Donald Trump will sign an order on Monday seeking to increase the domestic content threshold for American-made iron and steel in federal procurements, White House trade adviser Peter Navarro said in an opinion piece on Fox News. Navarro said Trump will strengthen his "Buy American" platform by further moving toward increasing "domestic content threshold for American-made iron and steel from 50 percent to 95 percent."

Jul 16 - All change again in zinc and lead's relative value dance: Andy Home
Zinc's premium to lead has collapsed from over $1,000 per tonne in April to just $460 per tonne as of Monday. The ever-popular relative value trade between the "sister" metals is now as tight as it's been since the first days of January.

Jul 16 - Vale to pay $106.5 mln to workers affected by Brazil dam disaster
Brazilian mining company Vale SA said on Monday it would pay 400 million reais ($106.52 million) to compensate workers affected by the deadly rupture of a tailings dam in January that killed at least 240 people. In a statement, Vale said the deal also involves individual compensation for moral and material damages, including job stability and other benefits for a certain period of time.

Jul 16 - Protest begins against billion-dollar Southern Copper mining project in Peru
Protesters blocked a portion of Peru's main coastal highway on Monday in the start of a new challenge to a billion-dollar copper mining project that has been a lightning rod for conflict. Protesters from the area bordering Southern Copper Corp's $1.4 billion Tia Maria copper mine project in the south of Peru carried signs and flags as they occupied a section of the highway, snarling traffic for cargo vehicles and others.

Jul 15 - China churns out record daily steel output in June - Rtrs calculation 
China's daily crude steel output rose to record levels in June, according to Reuters calculations, even as anti-pollution production curbs pushed whole-month production slightly lower, official data showed on Monday. The world's biggest steel producer churned out 87.53 million tonnes of crude steel last month, data from the National Bureau of Statistics (NBS) showed. That was down from a record 89.09 million tonnes in May - the first monthly drop this year - as the government stepped up its drive to cut smog, but still well above 80.2 million tonnes in June 2018 as daily output grew.

Jul 15 - Pentagon races to track U.S. rare earths output amid China trade dispute 
The Pentagon is rapidly assessing the United States' rare earths capability in a race to secure stable supply of the specialized material amid the country's trade conflict with China, which controls the rare earths industry, according to a government document seen by Reuters. The push comes weeks after China threatened to curb exports to the United States of rare earths, a group of 17 minerals used to build fighter jets, tanks and a range of consumer electronics. 

Jul 15 - China June aluminium output climbs to daily record - Rtrs calculations 
China's daily aluminium output hit record levels in June, according to Reuters calculations, even as total production for the whole of the month fell slightly according to data released by the National Bureau of Statistics on Monday. The world's top aluminium producing country churned out 2.97 million tonnes of the metal last month, the bureau said. That was down from 2.98 million tonnes in May, but up 1.3% year-on-year. 

Jul 15 - China's commodity demand holds up, with copper the exception: Russell 
One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world's biggest importer of natural resources. The problem is the numbers tell a somewhat different story. While the overall economy may be feeling strain, with gross domestic product growth slipping to 6.2% in the second quarter from 6.4% in the first, demand for commodities has held up remarkably well. 

Jul 15 - Why the cobalt market needs Congo's "illegal" miners: Andy Home 
Cobalt is back in the headlines for all the wrong reasons. The death last month of 43 artisan miners at the Kamoto Copper Company KOV concession in the Democratic Republic of Congo has refocused attention on the human cost of producing what is a key input into electric vehicle (EV) batteries.  The KOV concession is majority-owned by a subsidiary of trading and mining group Glencore. The official response to the incident - sending the army to clear around 20,000 "illegal" miners from the area around the mine - merely underlines the problematic nature of the world's dependence on Congo for its supply of cobalt.

Jul 15 - Pakistan welcomes venture's willingness for negotiated settlement after Reko Diq mine ruling 
Pakistan said on Sunday it welcomed a statement by Tethyan Copper expressing willingness for a negotiated settlement after a World Bank tribunal ordered the government to pay $5.8 billion in damages in a dispute over the Reko Diq copper mine. The statement from the attorney general's office came after a World Bank arbitration court ruled in favour of Tethyan Copper, a joint venture between Chile's Antofagasta Plc and Canada's Barrick Gold, in a dispute over a lease to the mine, located in a remote area of southwestern Pakistan. 

Jul 15 - Chilean state miner Codelco taps 33-year company veteran as CEO 
Chile's state-owned Codelco, the world's top copper miner, has named Octavio Araneda, a mining engineer who has spent his entire 33-year career at the company, as its chief executive. Araneda will replace Nelson Pizarro, another mining veteran, at the helm of Codelco from Sept. 1, the company said in a statement.

Jul 15 - Molymet drops plans for battery parts factory in Chile 
Chile´s Molymet has dropped a project to build battery parts in Chile, the second of three companies to pass on the deal little more than a year after winning guaranteed access to cheap Chilean lithium from top producer Albemarle. The Chilean molybdenum producer early in 2018 won a government auction to build a battery-parts factory in the South American nation´s northern desert. In exchange, Chilean development agency Corfo had promised Molymet a highly coveted, 27-year supply of discounted lithium.

Jul 12 - London's gold market is more liquid than bonds- LBMA
London's gold market is much more liquid than government or corporate bonds, the London Bullion Market Association (LBMA) said on Thursday, presenting new figures which it said meant gold should not be subject to tough new liquidity rules. The rules, due to go into force in the European Union in 2021, treat physically traded gold and other precious metals like any other commodity and require banks to hold more assets to match their exposure as a buffer against adverse price moves.

Jul 12 - Shrinking demand to eclipse supply issues in tin market
The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa. Tin prices on the London Metal Exchange at around $18,000 a tonne are down 15% since hitting one-year highs at $21,800 a tonne in February, when the market was fretting about record low stocks in LME approved warehouses.

Jul 11 - CEO at Canadian miner Hudbay steps down, industry veteran steps in
Canada's Hudbay Minerals Inc said on Wednesday that Chief Executive Officer Alan Hair has stepped down after more than 20 years with the company and named Peter Kukielski, who was backed by its second largest investor in a proxy battle, as interim CEO. As part of its proxy fight, private equity firm Waterton Global Resource Management had nominated five directors to the company's board. Three of them, including Kukielski, were elected in May following a settlement that ended the drawn-out battle. 

Jul 11 - Trade war fatigue saps global base metals activity: Andy Home
The base metal markets are suffering from trade war fatigue. Trading activity fell by 7% on the London Metal Exchange (LME) in the first half of this year as robust micro fundamentals were subsumed by the rumbling stand-off between the United States and China. It's not just London. Activity on the CME copper contract has fallen as well and even Chinese speculators appear to have largely given up on the base metals for now.

Jul 11 - ArcelorMittal S.Africa to cut more than 2,000 jobs, shares drop
The South African arm of steelmaker ArcelorMittal expects to plunge to a first-half loss and cut more than 2,000 jobs as it struggles with cheap imports, rising costs and a flagging local economy, it warned on Wednesday. Shares in the company, majority-owned by ArcelorMittal, dropped more than 10% after it said previous initiatives to reduce costs had proved insufficient and so it was contemplating a "large-scale" restructuring.

Jul 11 - Bosnia's sole aluminium smelter shuts, to go for bankruptcy
Bosnian aluminium smelter Aluminij will file for bankruptcy after closing on Wednesday, putting at risk some 10,000 jobs, including contractors and those at the processing firms it supplies. The smelter was disconnected from the power grid just after midnight over debts incurred because of high electricity and alumina prices, officials said.

Jul 11 - Polymetal shares fall after Czech investor cuts stake
PPF Group, owned by the Czech Republic's richest businessman Petr Kellner, has sold a 4.5% stake in Russian gold and silver producer Polymetal for about $254 million, a bookrunner for the deal said on Wednesday. Shares in London-listed Polymetal, part-owned by Russian businessman Alexander Nesis, were down 5.6% in early trade after the sale via a so-called accelerated bookbuilding process.

Jul 10 - Brazil court convicts miner Vale for damages caused by deadly dam rupture
A Brazilian state judge on Tuesday convicted mining company Vale SA for damages caused by the deadly rupture of a tailings dam in January that killed at least 240 people. Judge Elton Pupo Nogueira ruled that Vale is responsible for fixing all the damages, although he did not set a monetary value for compensation, the Minas Gerais state court said on its website. It "is still not possible to quantify solely by technical-scientific criteria," the statement said.

Jul 10 - Mexican president downplays U.S. steel duties, says unrelated to trade deal
Mexico's President Andres Manuel Lopez Obrador said on Tuesday that U.S. duties on Mexican fabricated structural steel would not affect a new North American trade pact and had no relation to earlier tariff threats by U.S. President Donald Trump. "These are isolated decisions," he said at a regular news conference, adding that he would meet with cabinet members later in the day to discuss the matter.

Jul 10 - Dry freight rates to ride high on ship fuel refits - Cargill
With the world's largest dry cargo ships coming out of service for refits to comply with tougher rules on emissions, charter rates are expected to remain strong, a top Cargill executive said, after posting 7-fold gains already this year. "There are a lot of ships - especially on the capesizes - that will go into scrubber fitting which basically means they will be out of service for at least 25 days each to do so," Jan Dieleman, president of trading firm Cargill's ocean transportation business, told Reuters.

Jul 10 - Southern Copper gets permit for long-delayed Peru project; will not begin work yet
Southern Copper Corp said on Tuesday it received a construction permit for its long-delayed $1.4 billion Tia Maria copper mine project in Peru, but said work would not begin until it gains more support from local residents. The permit allows the government's approval of the company's environmental plan to remain in force instead of expiring as scheduled in August, which would have delayed the project at least another year.

Jul 10 - China issues import quotas for another 124,450 T of copper scrap
China on Wednesday issued a fresh batch of import quotas for newly restricted high-grade copper scrap and aluminium scrap, providing for new buying and allowing some companies with cargoes left in limbo to claim their shipments. Copper users in China, the world's biggest consumer of the metal, have been fretting over scrap quotas in recent months. New import restrictions came into force on July 1 that meant those without quotas could not keep buying. Scrap accounted for around 10% of China's total copper consumption last year.

Jul 10 - Auditor to company owned by metals tycoon Gupta quit over asset value
The auditor of a small company owned by metals tycoon Sanjeev Gupta resigned saying it could not agree with the valuation of assets, according to a letter filed with the UK corporate register, Companies House. MHA MacIntyre Hudson said it was stepping down as auditor of Liberty Precision Tubes Ltd., which manufactures steel tubes, after failing to agree the extent to which the value of "tangible fixed assets" should be impaired, or the estimated value reduced, in the firm’s accounts for the year to the end of March 2018.

Jul 10 - Medallion Resources eyes North America for rare earths extraction plant
Canada's Medallion Resources Ltd said on Tuesday it was looking at sites across North America to develop an extraction plant for rare earths, as the ongoing U.S.-China trade war has turned the spotlight on the strategic metals. Rare earths are essential components in rechargeable batteries that power electric and hybrid cars as well as fighter jets, tanks and other military equipment. There are currently no known substitutes.

Jul 10 - South African platinum firms kick off wage talks
The world's top platinum miners kicked off talks with South Africa's unions on Tuesday in what is expected to be a tough round of wage talks, as a rise in profits is likely to provoke higher wage demands. The majority union in the platinum sector, the Association of Mineworkers and Construction Union (AMCU), said it had presented its demands to Anglo American Platinum (Amplats) and would do the same to the rest of the firms this week.

Jul 10 - Coal union invites Democratic 2020 hopefuls, at least half say 'Yes'
The head of the main U.S. mine workers' union has invited all of the Democratic presidential candidates to visit its "turf" to demonstrate that the party still represents the working class. The invitation could heap pressure on the nearly two dozen Democrats vying for the White House to explain how their plans to combat climate change - most of which call for an end to fossil fuels use - will impact mining jobs.

Jul 10 - Bosnia's sole aluminium smelter shut down over debt
Bosnia's sole aluminium smelter and one of the country's biggest exporters was disconnected from the power grid just after midnight on Wednesday over a huge debt it had incurred because of high electricity and alumina prices. The closure of the smelter, which employs about 900 workers in the southern town of Mostar, puts at risk some 10,000 jobs, including contractors and those at the aluminium processing firms it supplies.

Jul 09 - U.S. says its producers harmed by some structural steel imports
The U.S. government on Monday said domestic producers were being harmed by imports of fabricated structural steel from China and Mexico, and that it would instruct the customs agency to collect cash deposits from importers of such steel. The U.S. Commerce Department said it had found that imports from Canada were not being unfairly subsidized.

Jul 09 - India gold tax hikes add unexpected headwind to price rally: Russell
Gold's recent rally to a six-year high is suddenly looking a little more fragile after India, the world's number two buyer, unexpectedly hiked import duties. The increase in the duty to 12.5% from 10% on July 5 caught gold traders and jewellery manufacturers off guard as some had been expecting the government to lower the tax instead. 

Jul 09 - China's top two smelters sign copper concentrate deals with Antofagasta
China's top two copper producers have signed concentrate supply deals with Chilean miner Antofagasta for the first half of 2020, two sources familiar with the matter said on Tuesday. Jiangxi Copper Co and Tongling Nonferrous Metals Group signed the contracts earlier than usual because of concerns about the future supply of copper concentrate, the sources said. Concentrate is partially processed copper ore that is the feedstock used to make refined metal.

Jul 09 - China to investigate Minmetals, ChemChina in new pollution audits
China will investigate state-owned metals conglomerate China Minmetals Corp Ltd and chemical producer China National Chemical Corp Ltd in a new round of central government environmental audits, the environment ministry said. China is about to embark on the second round of inspections into environmental compliance in its provinces and regions. This will be the first time the investigations will specifically target state-owned firms. 

Jul 09 - Congolese army fires in the air during protest near Glencore plant
Congolese soldiers fired in the air on Monday as illegal miners protested outside a metallurgical plant on a copper and cobalt concession run by Glencore, a witness said. The protest near the Luilu plant follows the eviction last week of thousands of illegal miners from Glencore's Kamoto Copper Company (KCC) concession in southern Democratic Republic of Congo after 43 people died in a landslide. 

Jul 09 - Shanghai bears send tin tumbling to three-year lows: Andy Home
The tin market was last week rudely awakened from its previous range-trading slumber. On the London Metal Exchange (LME), three-month tin collapsed 7% over the course of Tuesday to $17,585 per tonne, the lowest print since August 2016.

Jul 09 - Pilbara Minerals inks additional lithium supply deal with China's Great Wall
Australian lithium miner Pilbara Minerals on Tuesday said it had signed an additional deal with Chinese automaker Great Wall Motor Co Ltd to supply spodumene concentrate, a key mineral for electric vehicles. Deliveries under the deal will begin in August, with 20,000 dry metric tonnes of concentrate to be shipped annually for six years.

Jul 09 - Australian lithium miner Altura Mining inks supply deal with China firm
Australia's Altura Mining said on Tuesday it has signed a five-year agreement to supply spodumene concentrate, the raw material for lithium, to a Chinese producer of the battery metal. The miner also said it had pulled out of an existing 50,000 tonnes per annum (tpa) supply deal with its former biggest investor and one-time suitor, China's Shaanxi J&R Optimum Energy (JRO).

Jul 09 - Brazil to auction mining rights for about 1,000 areas this year - regulator
Brazil plans to put about 1,000 mining areas up for auction this year including areas containing gold, copper and iron ore, a director of the country's National Mining Agency (ANM) told Reuters on Monday. ANM had initially planned to start auctioning off the areas in the first half of 2019, but Director Eduardo Leão said in an interview that despite delays the first auction would still take place this year. 

Jul 09 - India's PNB slides after reporting suspected fraud at Bhushan
Shares in Punjab National Bank slid after the lender said it had reported a suspected 38 billion rupee ($554.63 million) fraud in Bhushan Power & Steel Ltd's account, potentially delaying a sale of the firm's assets and consequent repayments to creditors. PNB is among nearly 34 financial creditors who have claimed a collective 473.03 billion rupees from Bhushan Power & Steel Ltd, which the Reserve Bank of India referred to a bankruptcy court in 2017.

Jul 08 - China steel hub Hebei moves 2019 industrial capacity cutting targets forward 
China's top steelmaking province of Hebei has moved up the target dates for cutting industrial capacity and relocating plants by two months to the end of October, the provincial environmental department said. The province has pledged to reduce the amount of air pollution, especially the amount of hazardous particulate matter of 2.5 microns or less, known as PM2.5, which can lodge deep in the lungs when inhaled.

Jul 08 - Greensill issued false statement on bonds sold by metals tycoon Gupta
Financing group Greensill Capital, which is backed by Japan’s SoftBank Group and General Atlantic of the U.S., last year provided a false statement to market participants relating to bonds it had issued in 2017 on behalf of commodities tycoon Sanjeev Gupta. The May 2018 statement made to bond market investors and brokers said the Scottish government had approved a guarantee related to a hydro power plant in Kinlochleven owned by Gupta’s GFG Alliance, which the bonds were secured against.

Jul 08 - India hikes gold import duty, industry fears smuggling surge
India raised the import duties on gold and other precious metals on Friday in a surprise move that industry officials say could dampen retail demand and boost smuggling in the world's second-biggest bullion consumer. Lower demand from India could weigh on global prices that are trading near their highest level in six years.

Jul 08 - Tsingshan, partners face cost hike at Indonesia battery chemicals plant - sources
Tsingshan and other firms investing in an electric vehicle battery chemical plant in Indonesia will have to pay significantly more than a $700 million price tag estimated last year, three sources familiar with the matter said. Auto makers are watching the project and others like it in Indonesia closely as they will eventually provide large amounts of the chemicals used to make the lithium-ion rechargeable batteries for electric vehicles. 

Jul 08 - U.N. deep sea mining body rejects Greenpeace criticism
The International Seabed Authority (ISA) has rejected criticism from Greenpeace over its handling of ocean mining, fuelling a spat that threatens to overshadow talks this month by the U.N. body towards rules for deep sea mining. Mining international waters is in the spotlight as companies and countries are looking at minerals concentrated on the ocean floor that can be used in batteries for smart phones and electric vehicles.

Jul 08 - Mining company Power Resources buys Woodford-backed Metalysis
Mining company Power Resources Group (PRG) said on Friday it was buying Metalysis, a British high-tech specialist which was backed by asset manager Neil Woodford, out of administration. Metalysis, which manufactures 3D printing powder, fell into administration in June, around the same time Woodford's equity income fund, was frozen.

Jul 05 - Congo army evicts illegal miners from Glencore project, sparks protests
Congolese security forces evicted thousands of illegal miners from a copper and cobalt mine run by Glencore on Thursday, sparking angry protests outside the governor's office and looting of shops, local activists said. The move by the police and army came one week after a landslide at the Kamoto Copper Company (KCC) concession, majority-owned by a Glencore subsidiary, killed 43 people, prompting a government pledge to swiftly remove the miners. 

Jul 05 - Emirates Global Aluminium (EGA) eyes Bosnia's indebted Aluminij 
Emirates Global Aluminium (EGA), one of the largest industrial firms in the United Arab Emirates, has expressed interest in Bosnia's debt-laden aluminium smelter Aluminij Mostar, Bosnia's regional energy and mining minister said on Thursday. Bosnia's sole aluminium smelter and one of the country's biggest exporters on Wednesday threatened it would halt production on July 6 unless the government of Bosnia's autonomous Bosniak-Croat Federation, helps it stay afloat. 

Jul 05 - United States adds India to steel tariff dispute at WTO
The United States has complained at the World Trade Organization about Indian tariffs imposed in response to U.S. steel and aluminium tariffs last year, a WTO filing showed on Thursday. The dispute follows similar complaints against China, the European Union and others who retaliated in the same way, saying the U.S. tariffs were essentially "safeguard" measures that should be accompanied with a balancing cut in trade barriers on other goods. The United States says they are not safeguards.

Jul 05 - Rio Tinto's Icelandic aluminium plant attracts Glencore - sources
At least three companies including Glencore have expressed an interest in buying Rio Tinto's aluminium assets in Iceland, Sweden and the Netherlands for up to $350 million, banking sources said. Rio Tinto restarted the sale process for the assets in late 2018, with the help of French investment bank Natixis, sources previously said, after Norwegian aluminium company Norsk Hydro pulled out of buying them, blaming a delay in getting European Commission approval. 

Jul 05 - Indian court rejects plea against ArcelorMittal's bid for Essar Steel
An Indian court rejected on Thursday a petition challenging ArcelorMittal SA's proposed takeover of debt-ridden Essar Steel, removing a hurdle in billionaire Lakshmi Mittal's entry into the country's fast-growing steel market. The National Company Law Appellate Tribunal (NCLAT) said that the Supreme Court had already cleared the takeover bid and therefore it could not consider the appeal by Essar's founders Shashi Ruia and Ravi Ruia, lawyer Ravin Kapur said.

Jul 05 - Vietnam determined to tackle U.S. concerns about steel exports - finance minister
Vietnam is determined to tackle U.S. concerns about steel exports at the centre of a new tariff row, its finance minister said on Thursday. The U.S. Commerce Department on Tuesday said it would slap tariffs of up to 456% on certain steel produced in South Korea or Taiwan which is then shipped to Vietnam for minor processing before being exported to the United States. 

Jul 05 - Zambia plans law compelling miners to procure locally - minister
Zambia is planning a law to compel mining companies to give local suppliers a fair share of procurement, its mines minister said on Thursday, in the latest sign of the government taking an interventionist approach in its mining sector. Zambia is Africa's second-largest copper producer, with copper mining accounting for around 70% of foreign currency earnings.

Jul 04 - Iron ore price peak may be near as Australia, Brazil exports recover: Russell
There are tentative signs that the supply crunch that has driven iron ore prices to their highest in more than five years is starting to ease, although the market is still some way from returning to balance. Shipments from the two major exporters, Australia and Brazil, show a recovery in June, according to vessel-tracking and port data compiled by Refinitiv.

Jul 04 - Don't get too positive on silver just because gold's racing higher
Weakening global economic growth, lacklustre demand and huge stockpiles mean silver prices are unlikely to join gold in rocketing to new highs, analysts say. Silver and gold prices have traditionally moved together, with silver tending to outperform gold when the two are rising and fall faster when both are in decline.

Jul 04 - Brazil mining trade group slams Senate royalty proposals
An association of Brazilian mining companies on Wednesday criticized some proposals made a day earlier by a Senate committee that spent months investigating the collapse of one of Vale SA's tailings dams. In a 400-page report, the Senate panel looking into the January disaster proposed a ban on new tailings dams, sought the phase-out of all existing tailings dams within 10 years and recommended harsher legislation for environmental crimes.

Jul 04 - Vedanta to seek court order saying Zambia's ZCCM breached shareholder pact
Vedanta, in the middle of a dispute with the Zambian government over its Konkola Copper Mines (KCM) business, said it would seek an interim court order declaring that Zambian firm ZCCM had breached the terms of KCM's shareholders' agreement. "Vedanta will seek an interim court order declaring that ZCCM has breached the KCM Shareholders' Agreement by pursuing winding-up proceedings against KCM in Zambia, and directing ZCCM to withdraw those proceedings," Vedanta said in a statement.

Jul 03 - U.S. slaps duties on steel from Vietnam originally produced in South Korea, Taiwan
The U.S. Commerce Department said on Tuesday it would impose duties of up to 456% on certain steel produced in South Korea or Taiwan that are then shipped to Vietnam for minor processing and finally exported to the United States. The agency said in a statement that it had found corrosion-resistant steel products and cold-rolled steel produced in Vietnam using substrate of South Korean or Taiwanese origin had circumvented U.S. anti-dumping and anti-subsidy duties.

Jul 03 - Illegal miners defy eviction from Glencore's Congo project
Illegal miners at a copper and cobalt mine run by Glencore in southeastern Democratic Republic of Congo defied a deadline to vacate the site on Tuesday, a union official said, raising fears of a potentially violent standoff. A landslide last Thursday at the Kamoto Copper Company (KCC) concession, majority-owned by a Glencore subsidiary, killed 43 people, prompting the government to vow to remove the miners. 

Jul 03 - Brazil Senate panel says Vale CFO, ex-CEO should be indicted for murder
Iron ore miner Vale SA's chief financial officer and its former chief executive should be indicted for murder, a Brazilian Senate committee probing a deadly dam collapse recommended on Tuesday. The committee is also seeking the indictment of Vale and dam stability auditor TÜV SÜD for environmental damages and corporate responsibility for actions of their employees in the late-January disaster that killed nearly 250 people.

Jul 03 - Ecuador cracks down on illegal miners in northern region
Ecuador on Tuesday mobilized hundreds of soldiers and police to a mountainous area to confront illegal mining and organized crime that have fueled violence in the north of the country, the interior minister said. The South American nation is hoping to fuel its sluggish economy by expanding its mining sector. It has drawn the interest firms including Australia's SolGold Plc, which is developing a copper, gold and silver mine in northern Ecuador.

Jul 03 - Alcoa expects $40 mln-$50 mln hit from restarting Canada smelter
Aluminum producer Alcoa Corp said on Tuesday it expects to incur a charge of between $40 million and $50 million in the second half of 2019, related to restarting operations at its Canadian smelter in Becancour, Quebec. An 18-month lock out between the company and workers at the Aluminerie de Bécancour Inc smelter ended on Tuesday as about 80% of the workers voted to ratify the latest contract, according to the United Steelworkers union.

Jul 02 - Glencore's Congo tragedy highlights security conundrum for miners
The deaths of 43 illegal miners at a Glencore facility in Congo last week highlighted a growing challenge for mining companies struggling to secure sites from small-scale prospectors digging for cobalt, copper and other minerals. Many mines span hundreds of square kilometers across rural terrains, a tantalizing prospect for illegal miners, also known as artisanal miners, who break into sites in search of metals, some of which end up in electric cars and other products.

Jul 02 - China steel output to flatten; iron ore stays in rational bubble: Russell 
Nothing lasts forever and the current high prices for iron ore are expected to ease as China's steel output reaches a peak this year, but the positive news for miners is that the decline in the world's top producer is likely to be gradual. China will produce 940 million tonnes of steel in 2019, up from 928 million last year, the Australian government's commodity forecaster said in its latest quarterly report released on Monday.

Jul 02 - London Metal Exchange brands must show impact on environment - NGOs 
The London Metal Exchange (LME) must force its brands to disclose their impact on the environment as part of the exchange's efforts to clean up supply chains, a letter signed by 16 NGOs said. The NGOs were responding to an LME proposal launched in April that, among other initiatives, outlined its plans to ban or delist brands that are not responsibly sourced by 2022 but said market consensus had not yet developed on ways to report and enact environmental requirements.

Jul 02 - Freeport-McMoRan expects Q2 loss, cuts gold sales outlook 
Freeport-McMoRan Inc said on Monday it expects to report a loss in the second quarter, hit by lower gold production, weaker copper prices and higher costs, sending the U.S. miner's shares down nearly 6%. The shares were further pressurized as gold prices fell following signs of easing trade tensions between the United States and China that reduced the attraction of safe-haven assets.

Jul 02 - Three coal miners die in Poland after quake 
Three miners died after a tremor on Monday at a Polish coal mine owned by mining group PGG, the company said, in the deadliest incident in the country's mining industry this year. The quake with a magnitude of 2.66 was felt on Monday afternoon in the Staszic coal mine in the town of Katowice, the heart of Poland's coal region.

Jul 02 - Barrick-Newmont Nevada JV to produce 1.8-1.9 mln ounces of gold in second half of 2019 
Barrick Gold Corp said on Monday its Nevada joint venture with Newmont Goldcorp is expected to produce 1.8 million ounces to 1.9 million ounces of gold in the second half of 2019. The operations, which include 10 underground and 12 open pit mines in the southwestern U.S. state and rank as the largest global gold producing complex, had produced a total of 4.1 million ounces of gold in 2018.

Jul 02 - Brazil Senate inquiry into Vale dam accident recommends 14 indictments
A Brazilian Senate inquiry into the collapse of a Vale dam that killed nearly 250 people will recommend indictments of 14 people, including Vale executives, according to Brazil's official news service, Agencia Brasil, on Monday. Findings from the inquiry, which took 120 days and 18 public hearings, were expected to be presented on Tuesday, the report said. Senators will vote whether to approve the recommendations, probably in a week, it said.

Jul 01 - Australia sees gold overtaking thermal coal as export earner
Australia expects gold to overtake thermal coal as its fourth-largest export earner in the coming financial year as coal prices fall on subdued demand from Asia, while global tensions prop up gold prices. Asian demand for the heating fuel is expected to top out this year, as large consuming countries, including China, turn to cleaner energy such as hydropower, nuclear and renewables, Australia's Department of Industry said in its Resources and Energy quarterly report.

Jul 01 - The Trump who tweeted wolf: commodities wary of U.S.-China trade news: Russell
Have commodity markets reached the point where they are ignoring the tweets and rhetoric on U.S.-China trade talks, and are instead waiting for some concrete developments? Certainly the initial price action on Monday morning after U.S. President Donald Trump's latest comments hailing a resumption of trade talks with Beijing was subdued.

Jul 01 - Chile's Codelco says Chuqui copper mine fully operational following strike
Chile's Codelco, the world's top copper miner, said on Friday its Chuquicamata mine was fully operational following a two-week long strike that had docked output from the sprawling deposit. The three largest labor unions at the mine voted late Thursday to accept Codelco's latest labor contract offer, officially ending the walk-off. 

Jul 01 - Handful of bids expected for British Steel by June 30 deadline - sources
British Steel, which went into liquidation in May, has attracted interest from up to nine possible buyers, but far fewer firm bids are expected by an extended June 30 deadline, banking and industry sources said. Britain's second largest steel producer was put into compulsory liquidation on May 22 after Greybull Capital, which bought the company from Tata Steel for a token one pound three years ago, failed to secure extra funding to continue running it.

Jul 01 - Russian steel tycoon Lisin sells 2.6% stake in NLMK
Vladimir Lisin, who is considered to be Russia's second richest businessman, sold an approximate 2.6% stake in Russian steel producer NLMK, where he is the controlling shareholder, the company said in a statement on Friday. The sale, which raised around $400 million according to a statement from the bookrunner Goldman Sachs, is the fourth in a string of share placements in the Russian metals and mining sector in recent months.

Jul 01 - Zambian court lifts order blocking disposal of Vedanta unit assets
A Zambian court on Friday lifted an order blocking a provisional liquidator at Vedanta's Konkola Copper Mines (KCM) business from disposing of assets or making arrangements with creditor until a July 4 hearing. The decision by the High Court is the latest twist in a dispute between Vedanta and the Zambian government, which says KCM breached the terms of its operating licence. 

Jul 01 - Italy's Di Maio says Arcelor, Atlantia are 'blackmailing govt'
Italy's industry minister has accused two big companies - transport group Atlantia and steelmaker ArcelorMittal - of trying to blackmail the government, escalating a war of words which big business says could scare investors. Thousands of jobs could be at risk if the government followed through on threats to punish the two groups in the name of workers.

Jul 01 - Eco Oro pulls out of Colombia gold concession amid legal battle -letter
Eco Oro Minerals Corp has pulled out of its Angostura gold concession in Colombia amid a legal battle with the Andean country over environmental restrictions the Canadian miner said made the project impossible, according to a company letter. The March 29 letter to the mining minister was disclosed by environmental group Comite Santurban in a tweet on Thursday.

Jun 28 - China copper importers seek new metal sources as scrap crackdown bites 
Chinese copper buyers are hunting for alternative sources of the commodity as ramped-up restrictions on imports of high-grade copper scrap kick in on Monday in the world's top consumer of the metal. China has been gradually curbing imports of scrap, which accounted for 10% of its copper use in 2018, in a campaign against shipping foreign solid waste into the country.

Jun 28 - Strike ends at Chile's Chuquicamata copper mine after vote on Codelco offer 
The three main labor unions at Chile's Chuquicamata mine voted on Thursday to accept the latest contract offer from Codelco, the world's largest copper producer, ending a two-week-old strike that had docked output at the sprawling copper deposit. The unions, which make up 80% of the workforce at the mine, had rejected Codelco's offer on Saturday, but asked the state miner for another chance to vote on the proposal this week. 

Jun 28 - U.S. dependence on China's rare earth: Trade war vulnerability
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the two global economic powers.

Jun 28 - Accident at Glencore mine kills at least 41 in Congo 
At least 41 artisanal miners were killed on Thursday when part of a copper and cobalt mine owned by Glencore collapsed in southeast Congo, the provincial governor said. The accident occurred in the KOV open-pit mine at the Kamoto Copper Company (KCC) concession, in which Glencore subsidiary Katanga Mining owns a 75% stake, said Richard Muyej, the governor of Democratic Republic of Congo's Lualaba province.

Jun 28 - Thyssenkrupp workers demand clear strategy for steel unit 
Powerful labour leaders at Thyssenkrupp have called on the group's management to come up with a clear strategy for its steel unit, which will remain part of the conglomerate after a failed attempt to merge it with Tata Steel. "We're core business now. That requires the need for investments," Tekin Nasikkol, head of the works council of Thyssenkrupp Steel Europe, told journalists. "We reject pure restructuring plans and tough cost cut programmes."

Jun 28 - Zambian court blocks asset sale by Konkola Copper Mines liquidator
Vedanta Resources said on Thursday a Zambian court has issued an order halting any move by the provisional liquidator of its Konkola Copper Mines (KCM) business to dispose of KCM's assets or make arrangements with its creditors. Zambian state mining company ZCCM-IH holds about 20% of KCM, while Vedanta Resources, part-owner of the Mumbai-listed Vedanta group of companies, holds a majority.

Jun 27 - EU steel industry says it faces existential crisis, urges tougher safeguards 
Senior steel industry executives on Wednesday urged the European Commission to strengthen measures to protect against a surge in imports triggered by U.S. tariffs, saying the future of the European industry was under threat, particularly in Britain. Chief executives, including from Outokumpu, Salzgitter, and a division chief at ArcelorMittal said the EU safeguard measures have not been effective and a 5% increase in quotas from the start of July will add to pain the European industry faces.

Jun 27 - Rare earths producer Lynas secures better loan terms with Japanese backers 
Australia's Lynas Corp said on Thursday it signed a 10-year loan extension on easier terms with its long-time Japanese backers, increasing its commitment to supply rare earths to Japanese customers. The extension to 2030 to repay $147 million will help Lynas, the only major producer of rare earths outside China, follow through on its 2025 expansion plans, with greater cash flows available thanks to the improved terms.

Jun 27 - Why Goldman thinks nickel is trading like a biotech start-up: Andy Home 
Nickel has been the strongest performer among the base metals traded on the London Metal Exchange (LME) this year. Trading currently at $12,450 per tonne, LME three-month nickel is up by more than 14% since the start of January. Zinc, which has put in the next best year-to-date performance, is up by only 5%.

Jun 27 - Barrick stands firm, saying Acacia's mine plans need changes
Barrick Gold Corp on Wednesday stuck to its offer to buy out Acacia Mining, saying assumptions made by the smaller firm about its mine plans were out of touch and changes were indeed needed. Acacia said majority shareholder Barrick's proposal undervalued its mine plans and appears to have ignored the value of its exploration and development assets.

Jun 27 - China's Sanshan port turns away scrap metal cargoes as queues mount
The port of Sanshan in southern China's Guangdong province stopped accepting scrap metal shipments on Thursday after an excessive build-up of stockpiles caused by importers racing to bring in cargoes ahead of new rules starting next week. China, the world's biggest metals consumer, is restricting imports of eight types of scrap metal, including high-grade copper scrap, from July 1 in a crackdown on foreign solid waste to reduce pollution in the country.

Jun 27 - Unions at Chuquicamata copper mine ask Codelco to resubmit offer
Unions at Chile's Chuquicamata mine have asked Codelco, the world's largest copper producer, to resubmit the offer their workers voted down last weekend, a union leader said, amid a nearly two-week strike that has docked output from the sprawling copper deposit. The three main unions at Chuquicamata, which make up 80 percent of the workforce at the mine, voted down Codelco's offer on Saturday, and said it failed to meet key demands.

Jun 27 - U.S. EPA breathes new life into controversial Alaska mining project 
The U.S. Environmental Protection Agency said on Wednesday it would reconsider a 2014 decision that had stopped development of Alaska's Pebble Mine, the world's biggest undeveloped copper and gold project. The move restarts a review that had been put on hold since early 2018, and comes as the Trump administration works to reduce regulation over extractive industries and boost domestic development of minerals, especially those used in electric vehicles.

Jun 27 - India's May steel exports drop to lowest in 3 yrs - govt data
India's finished steel exports in May fell to their lowest in three years as shipments to traditional markets in the European Union (EU) and Nepal shrank, preliminary government data reviewed by Reuters showed. India exported 319,000 tonnes of finished steel in May, down 28% from the same month last year and the lowest level since April 2016, the data showed.

Jun 27 - India's gold demand could fall to 3-yr low as prices hit record high 
India's gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as record high local prices dent retail purchases during a key festive season, the head of an industry body told Reuters. Lower purchases by India, the world's second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

Jun 27 - Northam Platinum expects Kukama shaft to be operational in FY 2020 
South Africa's Northam Platinum said on Wednesday mining operations at the Kukama shaft at its Eland mine would recommence in the 2020 financial year after the conclusion of a feasibility study on the project. Northam bought a 100% interest in Eland from Glencore's South African unit in February 2017 for 175 million rand ($12.2 million). The mine had been placed on care and maintenance in 2015 due to a price fall and difficult operating conditions.

Jun 27 - Sibanye-Stillwater to sell 51% stake in Canadian PGM-copper project
South Africa's Sibanye-Stillwater is to sell a 51% stake in its PGM-copper project in northern Ontario to Generation Mining Ltd in a deal to further develop the asset, the previous miner said on Wednesdaay. Sibanye-Stillwater will receive 3.0 million Canadian dollars ($2.28 million) in upfront proceeds and 11 million shares at 0.2714 Canadian dollars per share in Generation Mining, equating to a 12.9% equity stake. In exchange, the Canadian miner will have a 51% stake in the project adjacent to Lake Superior and form a joint venture with Sibanye-Stillwater Canada.

Jun 26 - Canada, U.S. gain as India cuts dependence on Australian coking coal 
Shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the year ended March 2019, as steelmakers in the coal guzzling country look to cut their dependence on Australia. Australia's share in India's coking coal market fell to 71%, or 36.91 million tonnes, during the year ended March 2019 from about 88% three years ago, India coal ministry data reviewed by Reuters showed. The United States and Canada had a 5.6% share of the market three years ago.

Jun 26 - China May rare earth magnet exports to U.S. jump amid threat of restrictions 
China's exports of rare earth magnets to the United States rose more than 20% in May from the previous month to their highest since at least 2016, data released by the General Administration of Customs showed on Tuesday, as Beijing considers restricting shipments as part of a long-running trade row. Rare earth magnets are widely used in medicine, consumer electronics and the military, although U.S. President Donald Trump in August last year signed a defence policy bill banning the purchase of rare earth magnets from China for the military in the 2019 fiscal year.

Jun 26 - Chile's Zaldivar mine asks for more time to answer questions amid Atacama water concerns 
Chilean copper miner Antofagasta Plc said on Tuesday it would ask regulators for more time to answer questions about an environmental impact study for its Zaldivar mine, which draws water from Chile's lithium-rich Atacama salt flat. Chilean regulators last year delayed their review of Zaldivar's environmental study amid rising concerns over dwindling water supplies at Atacama. Regulators recently reopened the process.

Jun 26 - India's gold demand could fall to 3-yr low as prices hit record high
India's gold demand could fall 10% in 2019 from a year ago to the lowest level in three years as a rally in local prices to a record high dents retail purchases during a key festive season, the head of an industry body told Reuters. Lower purchases by India, the world's second biggest consumer after China, could limit a rally in global prices that hit a 6-year high earlier this week.

Jun 26 - Brazil's Vale says conducted blasts near Brumadinho dam after burst 
Brazilian iron ore miner Vale said on Tuesday that it had conducted two planned explosions near its upstream tailings dam whose collapse killed nearly 250 people in January, but only after the dam burst. "After the burst, as a safety measure, two explosions which had already been planned were carried out, at a distance and with safe loads," Vale said in a statement, adding their objective had been to eliminate any risk from existing explosives in the mine complex.

Jun 25 - Gold poised for fresh peaks after vaulting 6-year high 
Gold looks set for further gains after rising bets on lower interest rates, a weaker dollar and confrontations between the United States and countries including China and Iran catapulted prices to six-year highs. Gold has leapt 10% in four weeks, breaking above technical resistance which has thwarted every rally for half a decade to rise above $1,400 an ounce for the first time since 2013.

Jun 25 - Challenge to Trump steel tariffs nixed by U.S. Supreme Court
The U.S. Supreme Court on Monday turned away a challenge to President Donald Trump's tariffs on imported steel brought by an industry group that argued that a key part of the law under which he imposed the duties violates the U.S. Constitution. The justices declined to hear the American Institute for International Steel's appeal of a March ruling by the U.S. Court of International Trade that rejected the group's lawsuit. The institute is a pro-free trade group that represents steel importers and users of imported steel.

Jun 25 - Boom-and-bust lithium market needs a pricing rethink: Andy Home 
Albemarle Corp., the world's largest lithium producer, is not impressed by the London Metal Exchange's (LME) plans to launch a lithium contract. "An exchange contract tends to support a commodity market, and that's not what we believe this (lithium market) is," David Ryan, the company's head of corporate strategy and investor relations, told an industry conference in Chile earlier this month.

Jun 25 - Acacia Mining says Barrick offer undervalues the company
Acacia Mining on Monday strongly disagreed with majority shareholder Barrick Gold Corp's valuation of the company, saying Barrick's proposal undervalued its life of mine plans and appears to have ignored the value of its exploration and development assets. However a fair value buyout offer from the world's No. 2 gold miner would be attractive, it added. Barrick's proposal to take full control of its African unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders, who may have the ultimate vote on a deal.

Jun 25 - U.S. waives tariffs on Japanese aluminum for Tesla battery cells
The U.S. Commerce Department has agreed to Tesla Inc's request to waive 10 percent tariffs on imported aluminum from Japan used in the manufacture of battery cells at Tesla's Nevada Gigafactory, government documents show. The Palo Alto, California-based company made the request in documents posted in April and said the aluminum is produced by Nippon Light Metal Co Ltd and was seeking a tariff exclusion for 10,000 tonnes annually.

Jun 25 - Australian copper miner Sandfire wins over MOD board with sweetened offer
Australian copper miner Sandfire Resources NL sweetened its takeover offer for smaller rival MOD Resources Ltd on Tuesday, valuing it at A$167 million ($116.25 million) and enough to satisfy MOD's board. Sandfire raised its offer to A$0.45 per MOD share, from A$0.38 a share that MOD had rejected in January as too low.

Jun 25 - Copper market in 51,000 tonnes deficit in Mar 2019 - ICSG
The global world refined copper market showed a 51,000 tonnes deficit in March, compared with a 72,000 tonnes surplus in February, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 3 months of the year, the market was in a 32,000 tonnes deficit compared with a 81,000 tonnes surplus in the same period a year earlier, the ICSG said.

Jun 25 - France's Eramet gives go-ahead to lithium project in Argentina
Eramet has approved the development of a lithium mine in Argentina as the French group pursues a shift towards minerals used to power electric vehicles to meet burgeoning demand. The miner expects to invest 525 million euros ($597 million) in the Centenario deposit with the aim of producing 24,000 tonnes of lithium carbonate equivalent per year in a first phase that could start at the end of 2021, it said on Monday.

Jun 25 - China's CNMC agrees to work on Madagascar rare earth project 
A unit of China Nonferrous Metal Mining Group (CNMC) said on Monday it had signed a non-binding memorandum with Singapore-listed ISR Capital that could see the Chinese firm work as a contractor on a rare earths project in Madagascar with rights to purchase products. China Nonferrous Metal Industry's Foreign Engineering and Construction Co Ltd said in a filing to the Shenzhen stock exchange it had priority rights to be the engineering, procurement and construction (EPC) contractor for ISR's Tantalus rare earths project, the memorandum of understanding said.

Jun 25 - India taking more U.S. coking coal, pushing out Australia - Xcoal
India is buying more U.S. coking coal after disruptions in top supplier Australia, and as U.S. miners seek new markets due to declining demand from America's steel industry, an executive at Xcoal Energy & Resources India said on Monday.  Interruptions to Australian supply have worsened in the past few years, driving Indian steelmakers to seek new sources of coking coal, Durgesh Pathak, Xcoal marketing manager, said.

Jun 24 - Workers at Chile's Chuquicamata copper mine vote to continue strike 
Labor unions at Chile's Chuquicamata copper mine voted on Saturday to reject the latest contract offer of government-controlled mining company Codelco, and to continue the week-long strike at the sprawling production site. The unions went on strike eight days earlier after initial negotiations over a new collective labor contract failed.

Jun 24 - China grants 240,000 T of import quotas for soon-to-be-restricted copper scrap 
The Chinese environment ministry has granted 123 companies quotas to import types of scrap metal that will otherwise be off-limits from July 1, including around 240,000 tonnes of copper scrap. China, which had already banned imports of low-grade copper scrap known as Category 7 from the start of 2019, announced in December it would restrict imports of higher-grade material from July 1, potentially causing a massive disruption in the copper supply chain for the world's biggest consumer of the metal.

Jun 24 - South Korea's POSCO drops plans for Chilean battery material plant 
South Korea's POSCO has pulled out of a project to build battery parts in Chile, the Asian steelmaker said, little more than a year after winning guaranteed access to cheap lithium from top producer Albemarle. POSCO, together with partner Samsung SDI, won a 2018 Chilean government tender to build a battery-parts factory in the country's northern desert in exchange for a 27-year supply of low-cost lithium.

Jun 24 - Europe's aluminium industry has its own tariff problems: Andy Home
U.S tariffs on imports of aluminium have changed the pricing landscape for domestic users. The U.S. Midwest premium, which overlays the London Metal Exchange (LME) cash price, remains stubbornly high and consumers, led by the drinks can industry, are up in arms.

Jun 24 - Japan aluminium premiums climb to $108/T in Q3, up 3% -sources 
Premiums for Japanese aluminium shipments for July to September were set at $108 per tonne, up 3% from the current quarter, as tighter supply in Asia outweighed fears over weakening demand, five sources directly involved in the pricing talks said. The new figure is higher than the $105 per tonne premiums in the April to June quarter and marks a second straight quarterly increase. Producers had sought premiums of $115 to $120 per tonne for the third quarter.

Jun 24 - Toyota Tsusho to wait on EV market before upping lithium investment
Toyota Tsusho Corp, one of the world's biggest lithium producers, said on Friday it would take at least two more years to properly gauge the global electric vehicle (EV) market's direction before deciding whether to further expand supply. Over the next 2-3 years, major automakers would be introducing more electric cars, making EVs less of a fringe product, Masaharu Katayama, head of the company's strategic metals unit, told Reuters in an interview.

Jun 24 - India steel ministry seeks higher duties to deter Chinese imports - document 
India's steel ministry has sought an immediate increase in import duties on finished steel products to 15% from a range of 7.5% to 12.5%, citing a threat from Chinese imports and excess global capacity, an internal note reviewed by Reuters showed. The steel ministry has proposed the higher duties as part of its recommendations to the finance ministry for the upcoming 2019/20 budget that is due out on July 5.

Jun 21 - Australia's Lynas stockpiles rare earths for 'strategic' customers
Australia's Lynas Corp said it was stockpiling production of a major rare earth element, with prices jumping in recent weeks as supply concerns mount amid trade tensions between China and the United States. The miner said its decision to stockpile Neodymium Praseodymium (NdPr), used in industrial magnets, for "strategic customers" was to help it consolidate its position as a preferred supplier to customers outside China

Jun 21 - Trump, Trudeau seek collaboration on 'critical minerals' - White House
U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau ordered officials on Thursday to develop a plan for U.S.-Canada collaboration on "critical minerals," the White House said in a statement after a meeting of the two leaders. Washington has grown concerned about its dependence on imports of rare earth minerals from China after Beijing suggested using them as leverage in their trade war. 

Jun 21 - U.S. mine regulator says no rush on silica limits, despite black lung worries
The head of the U.S. federal agency in charge of mine safety said on Thursday he has no plans to fast-track new limits for coal miner exposure to silica dust because he believes exposure rates are already falling. The comments come as the national coal miners and steel workers unions urge the Trump administration to regulate silica on the basis of research showing it is causing a resurgence of black lung disease among coal miners in central Appalachia.

Jun 21 - Unions at Chuquicamata copper mine call on workers to reject Codelco contract offer
Unions at Chile's Chuquicamata mine called on members to reject a sweetened contract offer from Codelco, the world's largest copper producer, amid a nearly weeklong strike that has halved output from the sprawling copper mine. The three main unions at Chuquicamata, which make up 80 percent of the workforce at the deposit, met in an assembly that ended near midnight on Wednesday. 

Jun 21 - Zambian court rejects Vedanta bid to join liquidation case
Vedanta Resources said it would take urgent steps to protect its Zambian assets and pursue international arbitration if necessary after a Lusaka court on Thursday rejected its request to be included in liquidation proceedings. A Lusaka judge on Thursday ruled Vedanta Resources could not take part in proceedings to wind up its Konkola Copper Mines (KCM) business in Zambia, but granted Vedanta leave to appeal the ruling. 

Jun 21 - Ecuador court rules against community consultation for Cascabel mining project
Ecuador's Constitutional Court on Thursday ruled against a request to require community consultations for a planned mining project, allowing Australia's SolGold to move forward with developing its Cascabel copper, gold and silver mine. The project is in the advanced exploration phase and is one of the most ambitious mining projects in Ecuador, which hopes to develop mineral resources to spur its sluggish economy and wean dependence on crude oil exports.

Jun 21 - Kloeckner shares surge on report of possible takeover by Thyssenkrupp
Shares in metals trader Kloeckner & Co spiked by almost 14% on Thursday after a German magazine reported that Thyssenkrupp could take over the German metals distributor to boost its trading business. Guido Kerkhoff, CEO of steel-to-submarines conglomerate Thyssenkrupp, has already had an initial discussion with Gisbert Ruehl, head of Kloeckner, Manager Magazin reported, without citing its sources.

Jun 20 - Mining giant Rio Tinto cuts key iron ore supply forecast again, shares hit
Mining giant Rio Tinto Ltd on Thursday lowered its guidance on volumes of iron ore it expects to ship from the key Pilbara producing region in Australia for the third time since April, citing operational problems. The announcement, together with news late on Wednesday that Brazilian miner Vale SA will imminently restart production at a big mine in Brazil, pushed Rio's Australian shares 5% lower in early trade, in line with 4.7% losses in London. The broader Australian market opened flat.

Jun 20 - Noble Group to take stake in Australian rare earths developer Arafura
Commodities trading firm Noble Group is set to take a small stake in ambitious Australian rare earths developer Arafura, raising its exposure to strategic minerals critical to high-tech industries and electric vehicles. In a filing to the Australian Securities Exchange on Thursday, Arafura said that Noble's rare earths subsidiary Talaxis would underwrite A$7.2 million of a A$23.2 million ($16 million) share offering. 

Jun 20 - Libyan steel maker plans $1 bln tender in July, output hike in 2019
The Libyan Iron and Steel Company (Lisco), one of North Africa's biggest steelmakers, plans to launch a tender next month worth $1 billion to build two new plants and also aims to increase production this year, its chairman said. Mohamed al-Faqih also told Reuters Lisco had started exporting products to a new market, Algeria, in a rare sign of non-oil activity in the OPEC oil producer.

Jun 20 - U.S. dependence on China's rare earth: Trade war vulnerability
Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage in the trade war between the two global economic powers.

Jun 20 - United States aims to reshape the critical minerals world: Andy Home
The United States has laid out its strategy to rebuild collapsed domestic supply chains for metals and minerals deemed "critical" to its defence and manufacturing sectors. "A Federal Strategy to Ensure Secure and Reliable Supplies of Critical Minerals", released earlier this month by the Department of Commerce, includes 61 recommendations, ranging from revamping mine permitting rules to stimulating recycling activities to forging alliances with "friendly" suppliers such as Canada and Australia. 

Jun 20 - Can European steel forge a strategy to withstand U.S. tariffs?
Steelmakers in Europe have been hit by falling demand and rising supply as auto-sector consumption has fallen and U.S. steel tariffs have disrupted shipments. Britain's second biggest steel producer British Steel, which collapsed in May, is a high-profile casualty. 

Jun 20 - Barrick said Tuesday comments on Acacia offer not a 'no-increase statement'
Barrick Gold Corp said on Wednesday that comments by Chief Executive Mark Bristow that he had no intention of discussing a higher buyout offer for the company's African unit with its minority shareholders should not be considered a "no-increase statement." The comments, made to Bloomberg on Tuesday, addressed pending discussions with minority shareholders of Acacia Mining Plc over Barrick's proposal to offer 0.153 Barrick shares for each Acacia share. 

Jun 20 - Striking Codelco miners in Chile to consider new contract offer
Unions at Chile's Codelco on Wednesday evening will discuss an improved contract offer that the world's largest copper producer hopes will bring an end to a strike at its huge Chuquicamata deposit now entering its sixth day. The three main unions will present the new offer to their members, who make up 80 percent of the workforce at the mine. 

Jun 20 - Resolute Mining determined to grow as adds London listing
Australian-listed gold miner Resolute Mining lists on the London Stock Exchange on Thursday to broaden its investor base and pursue its ambition to be a high-tech, pan-African gold producer, partly through acquisitions. New listings have been scant in London, where uncertainty over Britain's departure from the European Union has impacted decision-making. 

Jun 20 - Brazil's Vale to restore full Brucutu mine output after court ruling
Brazilian miner Vale SA said on Wednesday that it will fully resume operations at its Brucutu mine within 72 hours after an appeals court overturned an earlier ruling that halted processing because of concern about the safety of a nearby dam. In a corporate filing, Vale also reaffirmed its 2019 iron ore and pellets sales guidance of 307 million to 332 million tonnes, and said that sales should be around the midpoint of that target range, up from its previously forecast low end of the range.

Jun 20 - Vietnam to impose anti-dumping tax on Chinese steel products - ministry
Vietnam will impose a temporary anti-dumping tax on some steel products from China from next week, the Ministry of Industry and Trade said on Wednesday. The anti-dumping tax on some colour coated steel products from China will be 3.45%-34.27%, effective from Tuesday, the ministry said in a statement posted on its website.

Jun 20 - Australia's South32 flags higher Illawarra unit cost in 2H 2019
Diversified miner South32 Ltd on Thursday said it expects operating unit costs at its Illawarra operations to be sequentially higher in the second-half of fiscal 2019. South32 expects operating unit costs of $107 per tonne in the six-months to end-June, up from $87 a tonne in the first half of 2019.

Jun 19 - Barrick CEO believes Acacia offer is fair after extending bid deadline
Barrick Gold Corp, the world's No. 2 gold miner, believes its proposed offer to take full control of its African unit is "more than fair" and will engage with Acacia Mining Plc's board and minority shareholders to win them over, Chief Executive Mark Bristow told Reuters on Tuesday. Acacia agreed on Tuesday to extend to July 9 the deadline for Toronto-based Barrick to make a firm offer to acquire the 36.1% of the company it does not already own.

Jun 19 - Chile's Codelco seeks to defuse strike after miners clash with police
Chilean miner Codelco sweetened its contract offer to workers on Tuesday in a bid to defuse rising tensions after miners striking at its giant Chuquicamata copper mine were involved in clashes with police earlier in the day. Police fired rubber bullets and tear gas early on Tuesday as workers at the mine tried to block access to the site operated by state-owned Codelco, the world's largest copper miner.

Jun 19 - U.S. Steel to idle three blast furnaces, hurt by lower prices and soft demand 
United States Steel Corp on Tuesday said it would idle two blast furnaces in the United States and a third in Europe, as lower steel prices and softening demand led the steel producer to forecast current-quarter earnings below the Wall Street estimates. Steel producers in the United States have brought old capacity online after President Donald Trump's imposed tariffs on imported steel from countries including China, resulting in a surplus supply of steel at a time when manufacturing demand has weakened, suppressing prices.

Jun 19 - China's Baosteel to launch test aluminium production in June 2020
China's Baoshan Iron and Steel Co Ltd (Baosteel), the country's largest listed steel producer, will begin test production at an aluminium project in Henan province in mid-2020, according to the industrial zone hosting the plant. The first phase of Baosteel's aluminium alloy casting and deep processing plant will have a capacity of 300,000 tonnes per year and involve an investment of 6.14 billion yuan ($889.35 million), the Sanmenxia City Urban and Rural Integration Demonstration Zone said in a statement posted on its website.

Jun 19 - Brazil miner Vale says mulls new railway, port for Carajas expansion
Brazilian miner Vale SA is considering building a new railway and port in the Para state for the potential expansion of its Carajas Serra Sul mine, the company said in a presentation to investors published on Tuesday. The new railway would stretch for 400 kilometers (248.5 miles) from the current Carajas railroad to Vila do Conde port, in the northeastern Brazilian state of Maranhao.

Jun 19 - Indonesia's Amman Mineral to cut copper concentrate exports, boost local sales
Indonesian copper miner Amman Mineral Nusa Tenggara said on Tuesday it expects to export about 236,000 tonnes of copper concentrate in 2019, below its export quota, as it increases shipments to a local smelter. "This year Amman will supply more copper concentrates to Gresik smelter than last year. Amman will supply concentrates to Gresik of about 100,000 tonnes versus about 20,000 tonnes last year," Chief Executive Rachmat Makkasau said.

Jun 18 - LME electronic pricing trial fails to boost volumes - sources
The London Metal Exchange's three-month trial of switching to electronic closing prices for one of its benchmark base metal contracts has failed to lift volumes, industry sources said, lending further support to traditional open outcry trading. The trial, which moved nickel from the ring to digital trading, which the LME thought may spur more participation in the setting of closing prices, will end on Tuesday.

Jun 18 - China's iron ore, steel prices diverge as trade war vies with supply woes: Russell
China's iron ore and steel prices have decoupled somewhat in recent weeks, with the raw material still making fresh highs while the finished product trends lower. While there are solid supply-driven reasons for iron ore's relative outperformance, the question remains: how is the current divergence likely to be resolved?

Jun 18 - Chile's Chuquicamata copper mine operations halved amid strike - Codelco
Chile's Codelco said on Monday that its Chuquicamata copper mine, one of the world´s largest, had maintained output at 50% of capacity as it faced its fourth full day of a union strike. More than 3,000 unionized workers at the world's top copper producer's sprawling Chuquicamata copper mine walked off the job last week after failing to reach a labor deal earlier this week with Codelco.

Jun 18 - U.S. military firms likely to face China rare earth restrictions - Global Times
Military equipment firms in the United States will likely have their supply of Chinese rare earths restricted, the Global Times said on Monday, after China's state economic planner confirmed industry experts have proposed export controls. China is the world's dominant producer of rare earths -- a group of 17 prized minerals used in everything from consumer electronics to military equipment such as jet engines, missile guidance systems satellites and lasers. 

Jun 18 - Indonesia's Amman Mineral to cut copper concentrate exports, boost local sales
Indonesian copper miner Amman Mineral Nusa Tenggara said on Tuesday it expects to export about 236,000 tonnes of copper concentrate in 2019, below its export quota, as it increases supplies to a local smelter. "This year Amman will supply more copper concentrates to Gresik smelter than last year. Amman will supply concentrates to Gresik of about 100,000 tonnes versus about 20,000 tonnes last year," Chief Executive Rachmat Makkasau told reporters.

Jun 18 - Bosnia's Aluminij seeking strategic partner, says talking to Glencore
Bosnia's aluminium smelter Aluminij Mostar is seeking a strategic partner to avoid bankruptcy and a consortium led by London-listed miner and commodity trader Glencore has shown interest, its general manager said on Monday. Aluminij, based in Bosnia's southern town of Mostar and one of the Balkan country's biggest exporters, has been in trouble for years over heavy debt accumulated because of high alumina and electricity prices.

Jun 18 - Newmont Goldcorp resumes operations at Peñasquito gold mine in Mexico
Newmont Goldcorp said on Monday it had resumed shipping concentrate from the Peñasquito gold mine in Mexico after a blockade by a trucking contractor and some members of the Cedros community was lifted. Operations at the mine were temporarily suspended since April 29.

Jun 18 - Swiss refiner Metalor to stop processing artisanal gold
Switzerland's Metalor, one of the world's biggest gold refineries, said on Monday it would work only with gold from large industrial mines in order to reduce the risk of illegality in its supply chain. Informal methods of gold production, known as "artisanal" or small-scale mining, have grown rapidly in recent years as demand for gold has boomed, pushing prices higher.

Jun 17 - Why one US can maker avoids Trump's tariffs while rivals pay up
One of the largest U.S. producers of aerosol cans, Colorado-based Ball Metalpack, has laid off 91 of its 500 U.S. workers since President Donald Trump imposed a 25% tariff on imported steel that abruptly hiked the firm's raw materials costs. At a chief competitor, DS Containers, the story is different. The subsidiary of Japan's Daiwa Can Co has added more than 80 workers over 18 months at its two Illinois plants, bringing employment to 232.

Jun 17 - Australia's South32 reduces coal reserve estimate for Illawarra project
Ausralian-based diversified miner South32 Ltd said on Monday it has lowered the estimated coal reserves at its Illawarra Metallurgical Coal project. The company said coal reserves for the Bulli seam have been reduced by 22 million wet metric tonnes (Mt) to 114 Mt following conclusion of a commercial agreement to relinquish a portion of its mining lease in the Appin area.

Jun 17 - Tariff relief but no price relief for U.S. aluminium: Andy Home
The United States last month removed tariffs on imports of steel and aluminium from Canada and Mexico. A stroke of the presidential pen has liberated the largest supplier of aluminium to the U.S. market from the 10% duty that was imposed in the middle of last year. 

Jun 17 - Workers begin strike at Chile's sprawling Chuquicamata copper mine
More than 3,000 unionized workers at Codelco's sprawling Chuquicamata copper mine walked off the job early Friday morning after failing to reach a labor deal earlier this week with Codelco, the world's top producer of the metal. Chuiquicamata unions 1, 2, and 3 rejected a contract offer from the state miner on Wednesday, saying it did not meet key demands, including an adequate health care plan, fair treatment of workers and retirement benefits. The three unions represent 80% of the mine's workforce.

Jun 17 - London Metal Exchange slaps alcohol ban on open outcry traders
The London Metal Exchange has banned open outcry traders from consuming alcohol during the day, it said on Friday, joining other London firms in halting a culture of boozy lunches. In the past, LME traders, along with many other financial service workers, had a culture of heading to the pub at midday before returning to work in the afternoon.

Jun 17 - Thyssenkrupp names new steel business CEO to lead major overhaul
Germany's Thyssenkrupp will promote Premal Desai to lead its steel division and restructure the business in the face of dwindling global demand, the elevators-to-submarines group said on Friday. Thyssenkrupp Steel Europe, whose roots go back more than 200 years, has suffered a sharp fall in profits and will bear the brunt of planned job cuts across the group.

Jun 17 - Investors that don't pay taxes should be kicked out of Zambia - Lungu
Zambian President Edgar Lungu said on Friday those investing in Africa to reap the benefits without paying their dues were not welcome in Zambia, according to a statement issued by the presidency's office. Zambia is among many African countries trying to secure greater benefits from rich natural resources being managed by foreign companies. The government has riled miners with tax changes they say will force them to withhold the investment Zambia needs.

Jun 14 - European lithium projects gain attention amid push toward electric vehicles 
European lithium projects are making a fresh push for capital, eager to supply the white metal to a burgeoning network of battery manufacturers and electric vehicle makers across the continent, the world's second-largest EV market after China. A regional EV supply chain would help achieve European Union goals to lower carbon emissions, cut fossil fuel consumption and strengthen the ability of the continent's automakers and battery makers to compete with Asian rivals CATL, LG Chem and Samsung.

Jun 14 - Australian rare earth miners push development deals to counter China grip 
Rare earth developers in Australia say they are edging closer to signing deals with new customers that would drive forward their projects amid mounting global supply concerns over the minerals that are crucial to high-tech industries. Australia contains only 2.8% of the world's rare earth reserves, according to the United States Geological Survey. However, the country accounts for more than half of the new projects in the global pipeline, according to data compiled by the Western Australian School of Mines (WASM) at Curtin University.

Jun 14 - China hikes anti-dumping duties on some U.S., EU steel tubes and pipes 
China said on Friday it was raising anti-dumping duties on certain alloy-steel seamless tubes and pipes used at utilities and imported from the United States and the European Union. The anti-dumping tax rates applicable to the steel tubes and pipes are set between 57.9% and 147.8% on companies in the United States and the EU, effective June 14, China's Ministry of Commerce said in a statement on Friday.

Jun 14 - China May crude steel output +10.0 pct on yr - stats bureau 
China produced 89.09 million tonnes of crude steel in May, up 10.0 percent on the year, the statistics bureau said on Friday. The May volume compares with 85.03 million tonnes of crude steel produced in April.

Jun 14 - Acacia investor Odey against any 'best and final' offer from Barrick  
British hedge fund Odey Asset Management said on Thursday it would reject any offer from Barrick Gold Corp for its stake in Acacia Mining Plc that is framed as "best and final," becoming the second Acacia investor to publicly oppose the Canadian mining giant's buyoutproposal. "Odey is not rejecting any specific level of firm offer," the firm, a top 10 shareholder in Acacia, said in an e-mailed statement. "Rather, Odey is preemptively committing to reject a specific style of opening firm offer."

Jun 14 - Zambian president threatens to fine miners who break law 
Zambia will fine and break ties with mining firms that fail to operate according to the southern African country's laws, President Edgar Lungu said on Thursday, escalating a dispute with India-listed Vedanta. Vedanta is fighting Zambia's decision last month to name a provisional liquidator to run its Konkola Copper Mines (KCM) business and is seeking international arbitration. 

Jun 14 - Vale says hopes to reach dam burst global settlements by year-end 
Brazil's Vale said on Thursday that it expects to reach global settlements covering economic and environmental damages from the January collapse of its Brumadinho tailings dam by late this year or in 2020. Vale is scrambling to deal with the fallout from the disaster, which killed at least 246 people, triggered the replacement of its CEO and an overhaul of its board, and has forced it to set aside billions for compensation and cleanup costs.

Jun 14 - Unions to strike at Chile's Chuquicamata after labor deal falls through
Unionized workers at Codelco's Chuquicamata copper mine, one of the world´s largest, said late on Wednesday they would walk off the job beginning Friday after failing to reach a labor deal with Codelco, the world's top copper producer. Chuiquicamata unions 1, 2, and 3 voted to reject Codelco´s latest proposal in an assembly Wednesday evening, saying the deal did not meet key demands, including an adequate health care plan, fair treatment of workers and retirement benefits

Jun 13 - Nickel prices under pressure from vanishing deficits
Rapidly rising nickel supplies and slowing demand from stainless steel mills are weighing on prices of the metal, which are likely to come under further pressure this year as deficits disappear. Reasons behind weaker demand from the stainless sector, which accounts for 70 percent of global nickel consumption estimated at 2.4 million tonnes this year, include overstocking of stainless steel by producers earlier in 2019.

Jun 13 - ArcelorMittal boss says EU must respond further to Trump's steel tariffs
Europe urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its "safeguard" measures designed to limit incoming steel and prevent a surge of imports as a result of Washington's 25% import tariffs, which have effectively closed the U.S. market. 

Jun 13 - Nyrstar smelter outage rattles London lead market: Andy Home
The outage of Nyrstar's Port Pirie lead smelter in Australia has injected a rare bit of excitement into the London lead market. London Metal Exchange (LME) three-month lead rose to a one-month high of $1,918.50 per tonne as news filtered into the market on June 6.

Jun 13 - Aurubis CEO makes early exit after project costs rise
Aurubis AG, Europe's largest copper producer, on Wednesday warned on profits and said its CEO would leave the company immediately. Aurubis said its supervisory board had unanimously decided to release CEO Juergen Schachler from his duties, effective immediately.

Jun 13 - Some Japan aluminium buyers agree Q3 premiums at $108/T, up 3% on qtr - sources
Some Japanese aluminium buyers have agreed to pay a premium of $108 per tonne for shipments in July to September, up 3% from the current quarter, amid tighter supply in Asia, three sources directly involved in the pricing talks said on Wednesday. The figure is higher than the $105 per tonne paid this quarter and marks a second straight quarterly increase. Producers had originally sought $115-$120 per tonne. 

Jun 13 - Ecuador says Cascabel could become a top world copper mine
A preliminary study of the Cascabel mining project in northern Ecuador shows that it could become one of the world's largest copper, silver and gold mines, Ecuador's government said on Wednesday. The project, operated by Australia's Solgold  is in the advanced exploration phase. It is one of the most ambitious mining projects in Ecuador, which hopes to develop mineral resources to spur its sluggish economy.

Jun 13 - Nemaska Lithium eyes fresh steps to raise capital for Quebec project - executive
Nemaska Lithium Inc may issue new shares, take on new debt or sell assets as it hunts for fresh capital to build a lithium project in Quebec that faces cost overruns of more than $300 million, head of investor relations Wanda Cutler said on Wednesday. "Everything from M&A to more debt to equity is on the table," Cutler told the Fastmarkets Lithium Supply and Markets Conference in Santiago. "Over the next few months, we'll be making those decisions."

Jun 13 - Konkola Copper Mines plans to restart smelter on June 22
Konkola Copper Mines (KCM), owned by Vedanta Resources, plans to restart its Nchanga smelter on June 22, the company said on Wednesday. KCM said the Nchanga smelter, near Zambia's border with Democratic Republic of Congo, had been idle pending availability of concentrates.

Jun 12 - Albemarle declines to participate in LME lithium contract 
Albemarle Corp, the world's largest lithium producer, said on Tuesday it will not participate in the London Metal Exchange's plan to launch a new contract for the white metal, depriving it of a key source of pricing data. The move reflects a view by some that lithium, used to make electric car batteries, is a specialty chemical rather than a basic commodity, and should be priced on a contract-by-contract basis.

Jun 12 - Chinese steel mills chase low grade ore, discount at 2.5-yr-low  
Chinese steel mills facing a slump in profit margins are scrambling for lower grade iron ore to cut costs, squeezing supplies and halting a long-standing market trend towards higher grade ore. As iron ore prices surge, the spread between medium- and low-grade iron ore in China has narrowed to its smallest in two-and-half years, with some buyers turning to low-grade product from countries like India to fill blast furnaces.

Jun 12 - U.S. seeks to help countries boost key minerals' output to reduce reliance on China 
The United States will team up with Canada and Australia to help countries around the world develop their reserves of minerals like lithium, copper and cobalt, the State Department said on Tuesday, part of a multi-pronged strategy to reduce global reliance on China for materials crucial to high-tech industries. Washington grew more concerned recently about its dependence on mineral imports after Beijing suggested using them as leverage in the trade war between the world’s largest economic powers. 

Jun 12 - Zambian government has no plans to seize First Quantum - sources 
Zambia has no plans to seize the assets of Quantum Minerals Ltd and the copper producer intends to stay in the country despite the government's move to wrest control of a rival miner, government and industry sources told Reuters. Canadian-listed First Quantum has looked on nervously as the Zambian government appointed a provisional liquidator to run Vedanta's Konkola Copper Mines (KCM), claiming KCM has breached the terms of its licence.

Jun 12 - EU regulators block Thyssenkrupp, Tata Steel joint venture 
Thyssenkrupp and Tata Steel's plan to form a landmark joint venture was rejected by EU antitrust regulators on Tuesday, concerned that the deal would have pushed up prices and reduced competition. The European Commission said the companies, which had looked to the deal as one way to tackle overcapacity and other challenges in the steel industry, had not done enough to allay its concerns.

Jun 12 - China launches survey of rare earth resources - paper 
China launched a survey of rare earth resources in seven regions on Monday, the China Securities Journal reported on Tuesday, amid speculation Beijing may curb exports of the materials to the United States. The newspaper, controlled by the official Xinhua News Agency, said China's state planner National Development and Reform Commission, industry ministry and the natural resources ministry began the survey in areas including Inner Mongolia and Jiangxi province.

Jun 12 - The big copper short is back as macro fears return: Andy Home 
The trade war trade has returned with a vengeance as copper and other industrial metals come under sustained fund selling pressure. On the London Metal Exchange (LME) three-month copper fell 11% from $6,443 a tonne at the start of May to a June 7 low of $5,740, its weakest price since the start of January.

Jun 12 - Poland sacks CEO of state-run coal miner JSW, shares tumble 
The CEO of Polish state-run coking coal producer JSW was sacked by the energy ministry on Tuesday following a dispute over strategy. Shares in the company fell more than 6% on the news, which added to broader investor concerns that Poland's government is interfering in state-run and listed companies to use them for political projects, including investment designed to sustain the coal industry.

Jun 11 - LME shocks market with Fastmarkets choice as lithium partner
The London Metal Exchange (LME) surprised the lithium market on Monday with its choice of Fastmarkets to provide a reference price for its planned new contract, shunning a rival widely regarded as market leader. Benchmark Minerals Intelligence (BMI) had worked with the LME on developing lithium futures, but the exchange chose Fastmarkets, which it already uses to price three other contracts, including cobalt.

Jun 11 - Russia's Rusal prepares for Panda bond, project finance for new smelter  
Russia's Rusal has told Reuters it plans to issue a Chinese yuan-denominated bond, known as a Panda bond, and also a rouble bond as the aluminium giant, which was removed from a U.S. sanctions list in early 2019, returns to raising funds. Hong-Kong listed Rusal, the world's largest aluminium producer outside China, was largely cut off from borrowing between April 2018 and January because of the sanctions imposed on it and its founder Oleg Deripaska, but was exempted from sanctions after Deripaska gave up control of the firm.

Jun 11 - Vedanta to challenge winding up of Zambian business in court 
Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta wants to be represented by lawyers Nchito & Nchito and not those appointed by the provisional liquidator.

Jun 11 - China to reduce output at coal mines at risk of 'bumps' by 20% 
China's National Energy Administration said on Monday it will curb output by 20% at coal mines at risk of "bumps", or sudden jolts inside a mine that often lead to serious damage and injuries. China has 400 million tonnes a year of coal mining capacity at risk of bumps - more than 10% of the country's total capacity of 3.53 billion tonnes, according to official data.

Jun 11 - Malaysia Smelting Corp delays tin shipments to customers - sources 
Malaysia Smelting Corp Bhd (MSC), one of the world's largest producers of refined tin, is delaying shipments to customers around the world due to a shortage of concentrate, sources with direct knowledge of the matter said. MSC initially declined to comment when contacted by Reuters. After the news was published, it said in a statement: "Delivery of shipments to our customers are on schedule and our operations are business as usual. We will investigate this matter and will provide an update where necessary."

Jun 11 - Chile central bank trims copper price estimate to $2.80 for 2019-2021 
Chile's central bank on Monday trimmed its estimate for the average price of copper for 2019-2021 to $2.80 from $2.90, citing the impacts of the U.S.-China trade war on its top export, the bank said in a report. The bank added in a report on its monetary policy that it expects inflation to converge to its goal of 3% next year.

Jun 10 - China's rare earths exports fall in May; shipments usually volatile 
Rare earth exports by China, the world's dominant producer, fell 16% in May from a month earlier amid an increased focus on the raw materials due to the Sino-U.S. trade war, although the drop was in line with usual trading. Exports by China, the key supplier of a group of 17 chemical elements used in everything from high-tech consumer electronics to military equipment, swing sharply from month to month, often by 20 percent or more, customs data shows.

Jun 10 - China iron ore imports rise in May, but supply crunch remains 
China's iron ore imports rebounded in May from an 18-month-low in April, but were still well down on the same month last year as disruptions to output in Brazil and Australia hampered shipments. The world's biggest iron ore consumer brought in 83.75 million tonnes of iron ore last month, up 3.7% from April but down 11% from May 2018, according to data from the General Administration of Customs on Monday.

Jun 10 - How much does lithium cost? The industry can't seem to agree 
Opaque pricing for lithium, the powerhouse metal fueling the electric vehicle revolution, is expected to be top of mind this week as the industry's leaders gather in Santiago, with calls rising for more transparency to attract much-needed expansion funding. Unlike for copper or other metals used to make electric cars, there is no traded price for lithium. The London Metal Exchange is working to develop a tradable price for the white metal, but until then, the industry's investors, customers, analysts and executives are left without a full sense of the global market.

Jun 10 - China May copper imports fall 10.9% on prior month - customs 
China's unwrought copper imports fell 10.9% from the previous month to 361,000 tonnes in May, according to official customs data, in a bearish sign for economic growth in the world's top consumer of the metal. Arrivals of unwrought copper, including anode, refined and semi-finished copper products were down from 405,000 tonnes in April and down 23.2% from 470,000 tonnes in May 2018. 

Jun 10 - Malaysia Smelting Corp delays tin shipments to customers - sources 
Malaysia Smelting Corp Bhd (MSC), one of the world's largest refined tin producers, is delaying shipments to customers around the world due to a shortage of concentrate, sources with direct knowledge of the matter said. MSC declined to comment on the matter when contacted by Reuters.

Jun 10 - Speculators raise net long positions in COMEX gold -CFTC
Hedge funds and money managers raised their net long positions in COMEX gold in the week to June 4, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators sharply reduced their net short position in silver and increased their bearish stance on copper during the week, the data showed.

Jun 10 - China's May coal imports climb 8.6% from month before - customs
China's May coal imports rose 8.6% from the month before to 27.47 million tonnes, customs data showed on Monday, the highest level since January as power utilities boosted purchases ahead of summer. Weak demand from Europe and ample supplies also pushed global coal prices lower just before China's peak demand season, encouraging large purchases last month, said traders. 

Jun 10 - Toro Gold hires bank to explore sale as IPO plans shelved - sources
West Africa-focused junior gold miner Toro Gold has hired boutique investment bank Raymond James to explore putting itself up for sale after shelving plans to list its shares in London, two sources with knowledge of the matter said. But attracting buyers won't be easy for the company that has just one producing asset in Senegal and is targeting a valuation of up to $300 million, the sources added.

Jun 10 - Brazilian state sues Braskem over compensation for damage from mining 
Prosecutors for the Brazilian northeastern state of Alagoas filed a lawsuit against the country's largest petrochemical company, Braskem SA, seeking to guarantee compensation for damages caused by the firm, the Alagoas government said on Friday. In the lawsuit, the state asks a local court to block any attempt from Braskem's controlling shareholder, the Odebrecht conglomerate, to spin off the business based in Alagoas to facilitate a possible deal to sell the petrochemical company.

Jun 07 - Lynas touts its independence from China in push for rare earths growth 
With China threatening to curb exports of rare earth minerals, Lynas Corp is making an aggressive push for fresh business across the globe and billing itself as the best option for its customers to tap diversified supplies of the specialized materials. While Australia-based Lynas cannot match China's rare earths processing capability, it is hoping that its role as the largest rare earths miner and the largest processor outside of China will help it forge new relationships and fuel expansion projects.

Jun 07 - Venezuela loses $1.4 bln of gold to banks for guarantees -sources
Citibank and Deutsche Bank have taken control of around $1.4 billion of Venezuelan government gold, which they received as guarantees for loans, as a result of U.S. sanctions on the Venezuelan Central Bank, according to five sources. Between 2014 and 2016 the central bank (BCV) used a portion of its foreign gold reserves to guarantee financial operations with banks to boost liquidity, with the intention of repaying the loans to avoid losing the gold.

Jun 07 - Unions at Chuquicamata copper mine in Chile extend talks with Codelco 
Unions at Chile's Chuquicamata copper mine expressed disappointment in state-run miner Codelco's latest contract offer on Thursday but agreed to extend negotiations in hopes of averting a strike. Codelco, the world's largest copper producer, started government-mediated talks with unions 1, 2 and 3 at Chuquicamata last week after workers rejected the company's proposal.

Jun 07 - Miner BHP Group sets up tailings taskforce to boost safety 
Global miner BHP Group on Friday said it has set up a tailings taskforce to further improve the focus on internal dam management and boost safety, months after a second deadly dam disaster in Brazil. Earlier this year, The International Council on Mining and Metals, an industry trade group whose members include Glencore Plc, BHP and 25 others, said a committee will review and set standards for tailings dam design and maintenance by the end of the year. 

Jun 07 - Nyrstar suspends Port Pirie lead smelter, declares force majeure 
Nyrstar has halted production at its Port Pirie lead and zinc smelter in Australia and declared force majeure, the Belgian-headquartered metals and mining company said on Thursday. It stopped output at Port Pirie on May 28 due to an unplanned outage at the blast furnace, a spokesman said in an email.

Jun 07 - Russia's Polyus still aims to raise free float to 25-30% 
Russia's largest gold producer Polyus is sticking to its long-term goal of raising its free float to 25-30%, Pavel Grachev, its chief executive, said on Thursday. Polyus's free float rose to 20.5% in April after its controlling shareholder - Said Kerimov, son of Russian tycoon Suleiman Kerimov - sold a 3.8% stake in the company via an accelerated bookbuilding raising $390 million. 

Jun 07 - Miner Ferrexpo expects H1 core earnings to increase "materially" 
Iron ore miner Ferrexpo said on Friday it expects core earnings in the first half of the year to have increased "materially", driven by higher pricing, production and sales volumes. Ferrexpo, the third-largest producer of iron ore pellets for the global steel industry, said the average cost of production is likely to increase in the first half, but added that cost inflation has been lower than expected partly due to a fall in Brent oil prices.

Jun 07 - Brazil niobium miner may spend $774 mln to boost capacity 
Brazilian niobium miner Cia Brasileira de Metalurgica e Mineração is considering investing at least 3 billion reais ($773.49 million) to expand capacity should Chinese steel demand keep growing rapidly in the next few years, its chief executive said on Thursday. Niobium, a rare metal in high demand from automakers, aerospace companies and other manufacturers, is used as an additive to steel to make the metal stronger and lighter.

Jun 07 - China's top coke producing province to shut plant that couldn't meet special emission standard 
China's top coke producing region Shanxi will close all coke plants that cannot meet a special emission standard by Oct. 1, the official Xinhua News Agency reported on Thursday. The special emission standard set a much higher bar for sulphur dioxide, nitrogen oxides and volatile organic compounds from coke plants, according to a document from the Ministry of Ecology and Environment.

Jun 07 - Russia's Rusal says no plans for any projects in Venezuela 
Russian aluminium producer Rusal does not plan to implement any projects in Venezuela, its spokeswoman said on Thursday. Russia's RIA news agency earlier on Thursday cited Venezuelan vice president Tareck El Aissami as saying Rusal was discussing a possible strategic partnership with Venezuela's Corporación Venezolana de Guayana.

Jun 06 - Pentagon eyes rare earth supplies in Africa in push away from China 
The U.S. Department of Defense has held talks with Malawi's Mkango Resources Ltd and other rare earth miners across the globe about their supplies of strategic minerals, part of a plan to find diversified reserves outside of China, a department official said on Wednesday. The push comes as China threatens to curb exports to the United States of rare earths, a group of 17 minerals used in a plethora of military equipment and high-tech consumer electronics.

Jun 06 - Scottish guarantee of metals tycoon’s plant worth half a billion pounds 
A Scottish government guarantee related to a loss-making aluminium plant owned by commodities tycoon Sanjeev Gupta is worth more than half a billion pounds, nearly twice the amount previously known, according to people familiar with the matter. While Scotland disclosed the existence of the guarantee in 2016, neither the government nor Gupta’s GFG Alliance has made public its full value of about 575 million pounds. Ratings agency Moody’s had publicly said it assessed 295 million pounds worth of bonds underpinned by the guarantee, without specifying whether that was the full amount or part of it.

Jun 06 - Weapon of choice? China rare earth prices soar on their potential role in trade war 
Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponise its supply-dominance of the prized minerals in its trade war with Washington. Rare earths, a group of 17 elements that appear in low concentrations in the ground, are used in a wide-range of products stretching from lasers and military equipment to magnets found in consumer electronics. 

Jun 06 - Bidders scramble to break up British Steel by June deadline - sources 
Steelmakers and private equity firms are only working on proposals for parts of collapsed British Steel ahead of a June deadline for binding bids, sources close to the process said. None of the potential buyers, which include GFG Alliance and former owner Greybull, would be willing to take on the whole company, even for a nominal sum, because of the capital expenditure required to make it profitable after years of underinvestment, the sources said.

Jun 06 - Guinea iron ore prospectors set sights on ArcelorMittal rail 
The race to mine Guinea's iron ore has started although the focus is not on its giant Simandou deposits but on smaller finds whose output could be transported via Liberia if ArcelorMittal shares its railway, banking and industry sources said. Guinea's aspirations to develop Simandou, the world's largest known untapped iron ore deposit, have foundered because of the cost of infrastructure and protracted legal disputes.

Jun 06 - South Africa's Sibanye-Stillwater reduces job cut plan in gold shake-up 
Sibanye-Stillwater said on Wednesday about 3,450 jobs would be lost in the proposed restructuring of the South African company's gold mining operations, following financial losses at some of its mines since 2017. The number of job losses is lower than a February forecast that put layoffs at about 5,870 employees and 800 contractors. 

Jun 06 - First Quantum says it has complied with all rules in Panama mining contract 
Canadian miner First Quantum Minerals said on Wednesday it had "fully complied" with local rules in operating Cobre Panama, one of the region's largest copper mines, after Panama's president-elect said he would review the company's contract. Laurentino Cortizo, who takes office in July, said on Tuesday that the government was entitled to go over the contract "clause by clause." 

Jun 06 - Brazil's Vale creates role of safety czar after two deadly dam collapses 
Brazilian mining giant Vale SA said on Wednesday it had created the new role of executive director for safety and operational excellence, following a dam burst in January that killed hundreds, its second such disaster in three years. The world's largest iron ore miner said it had recruited Carlos Medeiros for the role, a Brazilian executive who led the North and Central American operations of Ball Corporation, which makes aluminum cans.

Jun 05 - U.S. report urges steps to reduce reliance on foreign critical minerals 
The U.S. Commerce Department on Tuesday recommended urgent steps to boost domestic production of rare earths and other critical minerals, warning that a halt in Chinese or Russian exports could cause "significant shocks" in global supply chains. The report includes 61 specific recommendations - including low-interest loans and "Buy American"requirements for defense companies - to boost domestic production of minerals essential for the manufacture of mobile phones and a host of other consumer goods, as well as fighter jets.

Jun 05 - Norsk Hydro Q1 core profit plunges after cyber attack 
Aluminium producer Norsk Hydro, the victim of a cyber attack in March that paralysed its IT systems, posted an 82% drop in first-quarter core profit on Wednesday and said a rise in global uncertainty could impact its markets. The Norwegian company's underlying operating result fell to 559 million Norwegian crowns ($64.3 million) from 3.15 billion crowns a year ago, while analysts in a Reuters poll on average had expected a profit of 123 million crowns.

Jun 05 - Voestalpine cuts dividend by a fifth as economic slowdown bites 
Austrian specialty steelmaker Voestalpine proposed a 21.4% dividend cut for its 2018/19 business year after operating profit fell by a third due to weak demand from carmakers, tough markets and problems at its U.S. plants. The European steel sector is navigating choppy waters as the auto industry, one of its main customers, is slowing; pressure on oil prices dampens demand from the oil equipment industry, and steel imports increase in the wake of U.S. tariffs.

Jun 05 - India's May gold imports jump 49% on festive demand - govt source 
India's gold imports in May jumped 49% from a year earlier to 116 tonnes as a correction in local prices during a key festival boosted retail demand, a government source said on Tuesday. Higher gold imports by India, the world's second-biggest consumer of the precious metal, could support global prices that are trading near their highest level in three months, but could widen the country's trade deficit and put pressure on rupee.

Jun 05 - Nippon Steel fears potential earnings damage from U.S. tariffs on Japan - exec  
Japan's Nippon Steel Corp said any move by Washington to impose tariffs on Japanese cars and auto parts will hurt its earnings, but expects less of a direct impact from proposed tariffs on U.S. imports from Mexico. Aiming to curb a surge in illegal immigration, U.S. President Donald Trump said last week he would target all goods coming from Mexico with a 5% tariff from June 10, increasing to 25%, unless Mexico took immediate action. 

Jun 05 - China's top steelmaking city Tangshan extends output curbs in June - local media
China's top steelmaking city of Tangshan extended production restrictions on heavy industry to end-June, local government-backed media reported on Wednesday, as the smog-prone city aims to improve its air quality. Steel mills in Tangshan have been asked to cut sintering operations by as much as 50%, and enforce the same production curbs as during the winter season on their shaft furnaces and converters, the Huanbohai News website said, citing a government statement.

Jun 05 - Commodity firms push to meet new Papua New Guinea PM as he sets out agenda
Commodity companies are pushing to meet Papua New Guinea's new prime minister, who is set to deliver a nationwide address on Wednesday as he starts to overhaul the way the gas-rich country manages its vast natural resources. James Marape's speech is due to be broadcast around 6 p.m. local time (0800 GMT), just as thousands around the rugby league-loving nation gather at their televisions ahead of the State of Origin match, a big derby in Australia. 

Jun 05 - Panama president-elect plans review of Canadian miner First Quantum's contract  
Panamanian President-elect Laurentino Cortizo said on Tuesday his government would review a mining contract awarded to a subsidiary of Canada's First Quantum Minerals, casting a cloud of uncertainty around a key project for the firm. While the new government values the security of contracts, "the company has to respect that we have the right as Panamanians to review clause by clause," Cortizo, who takes office on July 1, told reporters.

Jun 05 - Around 5 mln T of lithium deposits found in southwest China
An estimated 5 million tonnes of lithium deposits have been found in China's southwestern province of Yunnan, scientists said, potentially curbing the nation's reliance on imports of the material, used in electric vehicle batteries. The Institute of Geochemistry, under the Chinese Academy of Social Sciences, said in a statement on its website on Monday that it had made the discovery. State media such as the China Daily newspaper reported the find on Wednesday.

Jun 05 - EU needs to act on steel imports in wake of U.S. tariffs -industry 
Steel is being diverted to Europe as a result of U.S. 25% tariffs and the European Union needs to act, European steel industry chiefs say a letter sent to EU leaders and EU institutions. There has been a sudden downturn in the European steel industry's prospects, underpinned by long-term trends, 45 chief executives representing around 90% of the EU's steel output said in the letter.

Jun 05 - Argentine court denies challenge to law against mining on glaciers 
Argentina's Supreme Court on Tuesday shot down a challenge to an environmental law banning mining in glacial areas that had been brought by Canadian miner Barrick Gold. "The challenge posed by Barrick is ruled inadmissible," according to the ruling.

Jun 03 - Oil loses lustre as banks cash in on cleaner commodities 
Investment banks are beefing up trading teams in markets such as gas, metals and carbon permits that are flourishing as businesses and economies become greener, according to recruitment consultants. The shift in staffing at the world's biggest investment banks comes at the expense of oil, which has fallen out of favour after being the most profitable and best-staffed commodities business for years.

Jun 03 - Iron ore sticks to fundamentals as other commodities dance to noise: Russell 
While geopolitical concerns have been the prime driver for most commodity markets recently, iron ore has been a standout, trading largely on traditional fundamentals. Since the tailings dam disaster in January at one of top exporter Vale's mines in Brazil, iron ore has traded almost exactly as you would expect for a commodity that suddenly went from a situation of comfortable to constrained supply.

Jun 03 - Spot of bother: Copper smelters hit by lowest treatment charges in 6 yrs 
Spot prices for refining copper concentrate have fallen to their lowest in 6-1/2 years and look set to stay under pressure, dragged down as China cements itself as a dominant producer of processed metal. Chinese copper smelters are expected to add almost 1 million tonnes of capacity in 2019, stealing a march on rivals in Japan, South Korea and Chile, and pushing down the spot treatment charges (TCs) the industry receives for processing concentrate.

Jun 03 - Australia says its aluminium exports to US are fair after report Trump considered tariffs 
Australian Prime Minister Scott Morrison on Monday said aluminium exporters are complying with the terms of a deal with the United States after the New York Times reported President Donald Trump had considered imposing tariffs on Canberra. The New York Times, citing unidentified sources, said Trump had been urged to impose tariffs on Australian steel and aluminium in response to an increase in exports of aluminium to the United States over the past year.

Jun 03 - Rejection of Barrick bid is 'no brainer', top Acacia investor says 
Fidelity International, one of the largest shareholders in Acacia Mining, said on Friday Barrick Gold's low bid to buy the Acacia shares it does not already own showed a lack of judgment and it was a "no brainer" to reject it. The comments in an interview are the first public response from one of Acacia's top shareholders since Barrick's offer earlier this month to buy them out for $787 million.

Jun 03 - Vedanta seeks international arbitration to settle Zambia dispute 
Global mining conglomerate Vedanta Resources said on Friday it was seeking international arbitration over Zambia's appointment of a provisional liquidator to run the company's Konkola Copper Mines (KCM) business. Vedanta said on Friday its executives were unable to visit its KCM operation and engage with local management, in a setback to efforts to ease tensions amid a legal battle with Africa's second-biggest copper producer.

Jun 03 - China Baowu Steel to take majority stake in rival Magang
China Baowu Steel Group, the world's second-largest steel producer, will acquire a majority stake in rival Magang Group Holding Co Ltd as China pushes for consolidation in its steel industry. In a statement posted on the website of the Shanghai Stock Exchange on Sunday, Magang's listed entity, Maanshan Iron & Steel Co Ltd, said the deal signed on May 31 would give Baowu a 51% stake in Magang.

Jun 03 - Slow landslide at Vale's Gongo Soco reduces risk to dam
A closely watched embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit, the company said on Friday, reducing concerns that a sudden landslide would trigger a dangerous dam collapse. Authorities had initially feared that a landslide at Vale's Gongo Soco mine could destabilize the nearby Sul Superior dam, wreaking havoc on a nearby town. However, the dam remains intact, Vale said. 

Jun 03 - Chile's Codelco partially halts work at El Teniente mine after fatal accident 
Chile's state-owned miner Codelco, the world's largest copper producer, said on Sunday it partially halted work at its El Teniente mine following a fatal accident. Operator Pedro Mena, 58, died from injuries sustained when he was hit by a rock while working in the Pilar Norte sector of the mine, the company said in a statement.

Jun 03 - Speculators increase net long positions in COMEX gold - CFTC 
Hedge funds and money managers increased their net long positions in COMEX gold in the week to May 28, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday.  The speculators increased their net short position in silver and boosted their bearish stance on copper during the week, the data showed.

Jun 03 - Zimbabwe says mines can pay for power in foreign currency to secure supply 
Zimbabwe mining companies can pay for electricity in foreign currency to guarantee supplies, the energy minister said on Friday, a day after he indicated there could be deeper power cuts in the country because of low dam water levels. Power is critical for Zimbabwe's mining sector, the southern African nation's biggest foreign currency earner and what President Emmerson Mnangagwa has said will be the major driver of the country's economic recovery.

May 31 - Copper market faces larger shortages, supply issues simmer 
Copper's price slide due to the escalating U.S.-China trade dispute suggests a deteriorating fundamental picture, but bubbling away in the background are supply side problems that are likely to lead to a tighter market. Copper is used in the power and construction industries and is seen by investors as a gauge of economic health.

May 31 - Codelco reports drop in copper output as labor talks loom 
Chile's Codelco, the world's top copper miner, reported an 18% year-on-year drop in its first-quarter copper output on Thursday, as unions at its Chuquicamata mine announced they would hold talks with the company in hopes of averting a strike. Codelco produced just 342,000 tonnes of copper in the first quarter, and its pretax profit fell 31% to $372 million from the same period in 2018, the company said in its earnings statement.

May 31 - No relief for zinc shorts as London squeeze rolls on: Andy Home 
The London zinc market is in the grip of the most protracted and acute squeeze in 30 years. On the London Metal Exchange (LME), the benchmark spread - the difference between the cash price and that for three-month delivery - flexed as wide as $161 per tonne this week before closing on Wednesday at $149.

May 31 - Malaysia to let Australia's Lynas to continue running rare earths plant 
Rare earths miner Lynas Corp will be allowed to keep operating a processing plant in Malaysia, Prime Minister Mahathir Mohamad said on Thursday, ending months of uncertainty over the future of the Australian-based company's $800 million plant. Malaysia had earlier halted the process for renewing Lynas' licence because of waste disposal concerns.

May 31 - Japan, South Korea tighten grip over Indian steel imports - govt data 
Japan and South Korea strengthened their grip on the Indian steel market in April, supplying nearly three-fifths of the total imports, according to government data seen by Reuters. The increasing inroads the foreign steelmakers are making will add to pressure on the Indian government to take protectionist measures to support local mills. Indian steelmakers have been lobbying New Delhi for such backing in recent weeks.

May 31 - Canada's Hudson Resources seeks rare earth project partner to capitalise on trade war 
Canadian Hudson Resources said on Thursday it is in talks with several parties about potentially partnering on its rare earth mining project in Greenland to take advantage of demand stemming from trade tensions between the U.S. and China. The Vancouver-based company is seeking a partner to advance the Sarfartoq project, which holds neodymium and praseodymium deposits, to capitalise on increased interest in supplies of rare earth elements that do not originate in China, it said in a regulatory filing.

May 31 - Zambia's Konkola mines case a 'warning' to foreign investors 
Zambia says its decision to punish miner Vedanta's local operation for breaching environmental and financial regulations is a signal to other firms to follow the law, mines minister Richard Musukwa said on Thursday. Vedanta is fighting Zambia's decision this month to name a provisional liquidator to run Vedanta Resources' 90,000 tonnes Konkola Copper Mines (KCM) business. 

May 31 - Aluminium firm China Hongqiao names founder's son as chairman 
China Hongqiao Group, the world's biggest aluminium producer, on Friday named Zhang Bo, son of the company's late founder, as its new chairman with immediate effect. Zhang Bo, 49, has been chief executive of Hongqiao since January 2011 and remains in that role after being elected chairman, according to a company filing to the Hong Kong stock exchange following a board meeting.

May 31 - Philippines says Q1 nickel ore output rises 3% on year 
The Philippines' nickel ore production in the first quarter rose 3% from a year earlier to 2.97 million dry metric tonnes, despite zero output from more than half of the country's 28 mines, the government said on Thursday. Only 10 mines reported output for the quarter, the Mines and Geosciences Bureau (MGB) said in its quarterly production report.

May 30 - Pentagon seeks funds to reduce U.S. reliance on China's rare earth metals 
The U.S. Defense Department is seeking new federal funds to bolster domestic production of rare earth minerals and reduce dependence on China, the Pentagon said on Wednesday, amid mounting concern in Washington about Beijing's role as a supplier. The Pentagon's request was outlined in a report that has been sent to the White House and briefed to Congress, said Air Force Lieutenant Colonel Mike Andrews, a Pentagon spokesman.

May 30 - Chile, once the world's lithium leader, loses ground to rivals 
As automakers race to a clean-energy future, Chile looked to be in the catbird seat. The South American nation possesses the world's largest reserves of lithium, a lightweight metal crucial to manufacturing batteries for electric vehicles. Chile's lithium is high quality and cheap to produce. But the nation's output has barely budged in recent years. Chile's two lone producers, SQM and Albemarle Corp, have struggled to boost production to capitalize on strong global demand, which is widely expected to triple by 2025.

May 30 - China set to control rare earth supply for years due to processing dominance 
U.S. companies are years away from challenging Chinese dominance of rare earth minerals due to a lack of domestic processing facilities, ensuring the Asian nation will maintain its near-monopoly on refining and powerful leverage in trade talks. In an escalation of the trade conflict between the two countries, state media on Wednesday implied China could restrict rare earth sales to the United States, stoking fears about Beijing's role as a supplier. 

May 30 - ArcelorMittal takes the knife to European steel output again 
ArcelorMittal underlined the problems facing the European steel industry when it cut production for the second time this month, blaming weak demand and high imports. Shares in the company, the world's largest steelmaker, fell 6% to touch their lowest point since July 2016 and were down 3.7% by 0930 GMT on Wednesday. They have lost around a quarter of their value in the year to date.

May 30 - Union workers at Codelco's Chuquicamata mine may strike after rejecting final offer 
Three unions of Chilean state-run miner Codelco's giant Chuquicamata mine rejected the company's final offer for a new contract on Wednesday and approved a strike, according to a union leader. After a two-day voting period, 80% of members of unions 1, 2 and 3 declined Codelco's final offer, the official told Reuters. The three unions represent nearly 3,000 workers and make up over 80% of the mine's workforce.

May 30 - Zambia turns up the nationalist heat on its copper miners: Home 
Relations between the Zambian government and its copper mining sector have just taken a turn for the worse. "If it is the will of the Zambian people that we divorce with these mines, then we will do so."

May 30 - Chairman of South Africa's Sibanye-Stillwater to resign 
South Africa's Sibanye-Stillwater said on Wednesday its Chairman Sello Moloko would step down after the precious metal producer and Lonmin cleared the final hurdle to create the world's second-largest platinum producer. Sibanye, whose 226 million pound ($286 million) takeover of its London-listed rival was approved by shareholders on Tuesday, said Moloko was resigning to focus on his other business interests. 

May 30 - China's CNMC, trader ETG and Turkey vie for KCM - source 
China's Nonferrous Metals Mining Corporation (CNMC), commodities trader ETG Group and a Turkish firm have expressed interest in buying a stake in Konkola Copper Mines (KCM), a senior government source said, on condition of anonymity. Vedanta Resources, partial owner of the Mumbai-listed Vedanta group of companies, is the majority shareholder of KCM.

May 30 - Metals trader ArrowMetals to buy Frere family's AOT Holding 
Swiss metals trader ArrowMetals AG has agreed to buy AOT Holding Ltd from Belgian billionaire Albert Frere's family and employees of its trading unit, the firm said on Wednesday. The transaction, for an undisclosed sum, is expected to close in a few weeks. AOT Holding owns trading firm AOT Energy, which is headquartered in Zug, Switzerland.

May 29 - China ready to hit back at U.S. with rare earths - newspapers 
China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world's two largest economies. President Xi Jinping's visit to a rare earths plant last week had sparked speculation that China would use its dominant position as an exporter of rare earths to the United States as leverage in the trade war.

May 29 - Chinese zinc smelter bottlenecks expected to curb surplus 
Weak output of refined zinc from Chinese smelters is likely to persist longer than expected because of bottlenecks at the country's smaller metal producers, keeping the market tight and wrong-footing bearish investors. Some investors have been betting that a rebound of both mined and refined supply this year would weigh on prices.

May 29 - China to issue scrap import licences by end-June, earlier than expected by industry 
China aims to grant import licences and a first batch of import quotas by the end of June for soon-to-be restricted scrap metal shipments into the nation, a government spokesman said, slightly earlier than previously expected by the industry. The recycling branch of the China Nonferrous Metals Industry Association had said last month that the environment ministry would only formally accept import licence applications from July 1. 

May 29 - Sibanye's $286 mln Lonmin takeover gets all clear from shareholders 
Sibanye-Stillwater and Lonmin cleared the final hurdle to forming the world's second-largest platinum producer as their shareholders approved the South African firm's 226 million pound ($286 million) takeover of its London-listed rival. Lonmin shares rose 7.7% by 1234 GMT, while Sibanye's were up 8.4% on Tuesday after the majority of shareholders in both firms backed the revised all-share offer, which valued Lonmin at 60 million pounds ($76 million) less than originally proposed. 

May 29 - Mexico's Zacatecas state offers to mediate Newmont Goldcorp mine dispute 
Authorities from Mexico's Zacatecas state hope to mediate an agreement to end a two-month blockade at the Penasquito gold mine between mining firm Newmont Goldcorp Corp and villagers in San Juan de Cedros. The dispute at Penasquito, Mexico's largest gold and silver mine, has led to losses for public coffers and the firm, as well as lost pay for workers and contractors. 

May 29 - Multiple parties register interest in British Steel 
Multiple parties have been given access to the books of British Steel before a deadline for formal expressions of interest in early June, the office handling the liquidation of the company said on Tuesday. "Good progress is being made in identifying potential buyers for British Steel," the Official Receiver said. "Multiple parties have signed non-disclosure agreements giving them access to a detailed information memorandum and virtual data-room that my team has developed to inform their bids.

May 29 - Brazil's Vale says risk of dam break at Gongo Soco mine has diminished 
An unstable embankment at Vale SA's Gongo Soco mining pit in Brazil has a lower risk than previously thought of collapsing in a way that would destabilize the nearby Sul Superior dam, the iron ore miner said in a statement on Tuesday. Last week, an environmental official for the state of Minas Gerais estimated a 10-15% chance of the Sul Superior dam losing integrity due to tremors from the expected landslide in the mining pit. That put the nearby town of Barao de Cocais on high alert, with officials running evacuation drills to avoid a repeat of the tragedy about 40 miles (64 km) away, where a Vale dam burst in January, unleashing a torrent of mud that killed over 240 people. 

May 29 - Chalco cool on raising alumina imports amid China shortages 
Aluminum Corp of China Ltd, known as Chalco, will only increase alumina imports if prices are low enough, an executive from the company's trading unit said on Tuesday, even as shortages loom in northern China. At least two alumina refineries have shut in Shanxi province amid an environmental dispute over red mud, a toxic byproduct of the alumina refining process, sparking fears of a supply shortfall. Alumina is used to make aluminium metal.

May 29 - Moroccan miner Managem says it retrieved gold seized by Sudan authorities 
Morocco's leading mining firm Managem said on Tuesday it had retrieved the gold cargo that was seized by Sudanese authorities earlier this month. Sudanese Rapid Support Forces seized 241 kg of gold from a plane that landed in Khartoum on May 8 in an investigation into possible smuggling.

May 28 - China's ShFE aims to open non-ferrous futures to foreign investors within two years 
The Shanghai Futures Exchange (ShFE) is exploring ways to open up its non-ferrous metals futures contracts to foreign investors and has a rough timeline to give access within two years, its chairman said on Tuesday. China has so far opened up three commodities futures contracts to foreign investors – crude oil on the Shanghai International Energy Exchange, iron ore on the Dalian Commodity Exchange and plastics raw material purified terephthalic acid (PTA) on the Zhengzhou Commodity Exchange.

May 28 - Codelco chief criticizes low productivity, regulatory hurdles in Chile - newspaper 
The head of state-run miner Codelco, the world's largest copper producer, said Chile's mining industry was increasingly held back by new environmental regulations and the low productivity of Chilean workers, local daily La Tercera reported on Monday. Codelco Chief Executive Nelson Pizarro said in a presentation on Friday that regulatory hurdles were only adding to problems that have long plagued Chile's mines, including water shortages, plunging ore grades and increased costs of energy, the daily reported.

May 28 - Global steel output rose 6.4 pct yr/yr in April 
Global crude steel production rose 6.4 percent to 157 million tonnes in April from the same month a year ago, figures from the World Steel Association showed on Monday. Crude steel output from China, the world's top producer and consumer of the alloy, rose to 85.0 million tonnes, up 12.7 percent from April 2018.

May 28 - Vedanta CEO open to dialogue with Zambia 
Vedanta Resources is open to dialogue with the Zambian government but will defend its legal rights and opposes the appointment of a provisional liquidator at its Konkola Copper Mines business, the company's CEO said on Monday. A court hearing involving Vedanta and Zambia over the control of KCM was adjourned on Friday until June 4. 

May 28 - Thyssenkrupp in talks to end contract of steel division CEO 
Thyssenkrupp on Monday said it was in talks with the CEO of its steel division to end his contract, less than three weeks after the Germany group dropped plans merge the business with Tata Steel's European division. Thyssenkrupp and Tata abandoned the planned steel venture, saying they were not prepared to offer more concessions to European regulators. Thyssenkrupp instead opted to pursue a listing of its prized elevators business. 

May 28 - China's April net gold imports via Hong Kong rise to 9-month peak 
China's net gold imports via main conduit Hong Kong in April rose 20.5% from the previous month to their highest levels since July 2018, Hong Kong government data showed on Monday. Net imports via Hong Kong to China, the world's top consumer of the metal, increased to 43.837 tonnes in April from 36.392 tonnes in March, according to data from the Hong Kong Census and Statistics Department.

May 28 - Eldorado Gold shares up 14% on optimism over Greek snap election
Shares of Eldorado Gold rose as much as 14.6% on Monday on optimism that a snap poll called by Greece could result in the election of a new business-friendly party and help resolve permitting problems the miner has faced for years. Greek Prime Minister Alexis Tsipras said he would call a snap vote following his party's defeat in European Parliamentary elections to the opposition conservative New Democracy Party. 

May 28 - China's Xiangguang restarts copper smelter after maintenance 
China's Yanggu Xiangguang Copper Co has restarted its 400,000 tonne per year copper smelter in Shandong province after an overhaul that lasted about 50 days, a company official said on Monday. The planned maintenance has finished and the smelter was back in normal production on Sunday, said the official, who declined to be identified because he was not authorised to speak to the media. It normally takes one week to ramp up to full output, he added.

May 28 - Mali to suspend gold dredging and panning for environmental reasons 
Mali has suspended the informal practice of gold dredging for one year and gold panning for three months for environmental reasons, starting June 15, the mines ministry said on Monday. Dredging and panning produce 10 to 15 tonnes of gold per year according to government figures, versus 60 tonnes from the industrial sector.

May 28 - At least nine illegal Zimbabwean miners die after mine collapse 
At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by unlisted London-headquartered Metallon Corporation north of the capital Harare, the company said on Monday. Metallon put its Mazowe Mine on care and maintenance last September, citing viability problems. One of Zimbabwe's biggest gold producers, it still operates three other mines.

May 27 - China imports of U.S. coking coal rise five-fold in April on trade deal bets 
China's imports of U.S. coking coal rose more than five times in April from a month earlier, customs data showed, on traders' earlier bets that trade tensions between Beijing and Washington were easing. Shipments of coking coal from the United States rose to 308,789 tonnes last month, up from 60,585 tonnes in March, according to data released by the General Administration of Customs over the weekend.

May 27 - Barrick's offer for Acacia Mining reflects Tanzania risk - CEO 
Barrick Gold Corp's offer to buy the rest of Acacia Mining for $787 million is fair because the Canadian company is taking on more risk by increasing its exposure to Tanzania, its chief executive said on Friday. Barrick, which owns 63.9% of London-listed Acacia, proposed on Tuesday to buy out the minority shareholders as part of efforts to resolve a 2017 tax dispute with the Tanzanian government. 

May 27 - Unions at Codelco's Chuquicamata mine reject final contract offer 
Unionized workers at world top copper miner Codelco's Chuquicamata mine voted on Saturday to reject the state miner´s final contract offer, paving the way for a vote to strike early next week, union leaders said in a statement. The vote to strike is slated for Tuesday and Wednesday, the statement said. A strike would require the approval of more than half of the 3,200 unionized workers that are members of Chuquicamata's three largest unions.

May 27 - Anger mounts at Vale in Brazil town at risk for new dam burst 
It was bad enough for Paulo de Morais when he was expelled in early February from the house where he lived for 22 years, in the shadow of a mining dam at risk of collapse. De Morais was evacuated with about 450 of his neighbors under orders from Brazil's mining agency, which feared a repeat of the catastrophe at Brumadinho 65 kilometers (40 miles) away. A dam collapse there in late January unleashed a wave of toxic mud that buried alive more than 240 Vale SA employees and neighbors. 

May 27 - Malaysia govt 'pleased' with rare earths firm Lynas' plans to move initial ore processing - CEO 
The chief executive of Australian rare earth metals producer Lynas Corp said on Friday that feedback from the Malaysian government relating to its plans to move initial ore processes out of the Southeast Asian nation has been favourable. In a strategic growth plan to 2025 unveiled last Tuesday, Lynas said it intends to build an initial ore processing plant in Western Australia that would help it overcome political headwinds in Malaysia. The operating licence for Lynas' processing plant in the country, due for renewal in September, is under threat on concerns over waste disposal. 

May 27 - Speculators slash net long positions in COMEX gold - CFTC 
Hedge funds and money managers sharply reduced their net long positions in COMEX gold in the week to May 21, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators boosted their net short position in silver and increased their bearish stance on copper during the week, the data showed.

May 27 - Vedanta's Zambia liquidation case adjourned until June 4 
A court hearing between Vedanta and the government of Zambia over control of its Konkola Copper Mines (KCM) business was adjourned on Friday until June 4. The government is pressing for the liquidation of KCM which it has accused of breaching its operating licence. The company faces a lawsuit in the English courts over allegations KCM polluted the land of nearly 2,000 Zambian villagers. 

May 27 - Steelmaker ArcelorMittal frets over future of Mexican tax benefits 
Tax incentives in Mexico designed to lure investment to poorer areas should be maintained, the head of ArcelorMittal's Mexican unit said in an interview, despite the new president's suggestion that the policy should not be renewed. ArcelorMittal's chief executive in Mexico Victor Cairo said late on Thursday that the firm's pledge to invest $1 billion over three years in its operations in the Pacific coast port of Lazaro Cardenas would be maintained for now.

May 27 - Brazil says Turkey backs down on steel tariffs 
Turkey has decided not to impose tariffs on steel imports from Brazil after concluding an investigation into a dispute between the two countries, Brazil's Economy Ministry and Foreign Ministry said on Friday. "This is an important outcome for economic and trade relations between Brazil and Turkey, because the decision involves a sector of great importance for both countries," the two ministries said in a joint statement.

May 24 - Chile lithium producer SQM delays Atacama expansion amid price slump 
Chile's SQM, the world's No. 2 producer of lithium, said on Thursday it would delay a key expansion of production capacity from the Atacama salt flat until the end of 2021 amid a slump in prices for the coveted battery metal. The miner had previously expected installed capacity in Chile to reach 120,000 tonnes "by the end of 2020," an expansion of 50,000 tonnes over current capacity, according to filings with the U.S. Securities and Exchange Commission in March.

May 24 - Zambia's mines minister orders regular audits at all mines 
Zambia will carry out regular audits at all mines to avoid any repeat of the situation at Vedanta unit Konkola Copper Mines (KCM), which has breached the terms of its licence, the mining ministry said on Thursday. Zambian President Edgar Lungu said on Monday the government planned to strip KCM of its mining licence and bring in a new investor. His spokesman said the move followed a number of breaches of the terms of the licence, without giving details.

May 24 - Clock ticking on efforts to find British Steel buyer 
Time is of the essence if the UK authorities are to broker a rescue of British Steel after it collapsed into liquidation, putting 25,000 jobs at risk. British industrialist Sanjeev Gupta's Liberty House has emerged as one potential bidder for the country's second largest steel producer, two sources told Reuters on Thursday.

May 24 - Stoppage at Newmont Goldcorp mine costs Mexico millions daily - minister 
Ongoing stoppages at Newmont Goldcorp Corp's Penasquito gold mine in Mexico are costing "millions" every day to both public coffers and the company, a Mexican minister said on Thursday, urging a solution that will restart operations. Speaking to reporters in Mexico City, Francisco Quiroga, the deputy economy minister responsible for mining, said he wanted operations at the country's largest gold mine to continue.

May 24 - Rare earths trade gun is loaded; will China pull the trigger? Andy Home 
Is China about to weaponise its global dominance of rare earths production in an escalation of the trade dispute with the United States? President Xi Jinping's visit to the Chinese city of Ganzhou earlier this week seemed designed to send a double message. A stop-off at Yudu was for the domestic audience. The town was the starting point of the Long March, the 1934 retreat by Communist Party forces in their ultimately successful campaign against Chinese nationalists. The message: things are going to get tough but we'll win in the end.

May 24 - Japan's JFE head says not expecting further rise in iron ore prices 
The head of Japan's second-biggest steelmaker JFE Holdings Inc said on Thursday he does not expect iron ore prices to rise further as he expects that Vale's output in Brazil will likely recover. The iron ore market is surging, with prices last week topping the $100-per-tonne level for the first time in five years. The steelmaking material has been rocked by the rolling dam-related closures of Vale's Brazilian mines as well as by weather-related losses in Australia. 

May 24 - Brazil's Vale, China's CCCC to co-invest in steel plant 
State-owned China Communications Construction Co (CCCC) and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Pará with a $450 million investment, the state's government said on Thursday. Vale confirmed in a separate statement that it had signed a protocol of intentions to support the financial structure of the flat-rolled steel laminating venture by issuing guaranties backing the project's funding.

May 24 - Vedanta says to challenge appointment of provisional liquidator of Zambia's KCM 
Vedanta Resources said on Thursday it will challenge in court a decision by Zambia's High Court to appoint a legal firm as a provisional liquidator of Konkola Copper Mines (KCM). The liquidation application was brought against Vedanta-controlled KCM by Zambian state-owned ZCCM-IH, which holds a 20.6% stake in the unit.

May 24 - China aluminium magnate Zhang Shiping dies aged 73
Zhang Shiping, who oversaw the rise of China Hongqiao Group into the world's biggest aluminium producer, died on Thursday at the age of 73, the company said. Zhang, who in 1994 took over the predecessor company to Hongqiao, a textiles firm in eastern China's Shandong province, branched out into aluminium in 2002.

May 23 - Chile's Codelco set for copper output hit as key mine goes underground 
Codelco's giant Chuquicamata mine is set for a 40% drop in production over the next two years, an internal forecast seen by Reuters shows, pointing to the sharp challenge facing the world's top copper miner as it scrambles to maintain output. The giant open-pit mine, set to be the Chilean state-run miner's biggest by output this year, is undergoing a complex $5 billion-plus transformation into an underground shaft mine in a bid to extend the century-old prospect's lifespan.

May 23 - China rare earth prices surge on Myanmar crackdown 
Spot prices for rare earths in China rose sharply on Wednesday, with dysprosium, used in magnets, lasers and nuclear reactors, hitting a four-year high, as the country feels the pinch from a reported ban on imports from neighbouring Myanmar. The latest surge in prices came two days after Chinese President Xi Jinping visited a rare earth company in Jiangxi, sparking speculation that China, the world's dominant producer, could restrict exports to the United States as part of a trade war between the two countries. 

May 23 - Barrick's buyout offer for Acacia unit irks minority shareholders 
Barrick Gold Corp's proposal to take full control of its Acacia Mining Plc unit to resolve a long-standing tax dispute with Tanzania has drawn the ire of Acacia's minority shareholders, who may have the ultimate vote on a deal. Barrick's offer values Acacia at $787 million, a near 11% discount to its Tuesday close and 42% below Barrick's own audited valuation of Acacia's assets in its 2018 annual report.

May 23 - British Steel collapses after failing to secure extra funding 
British Steel, the country's second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britain's Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation of the main site in Scunthorpe, northern England. 

May 23 - Zimbabwe mine output subdued in first quarter as dollar crunch bites 
Zimbabwe's mining sector was subdued in the first quarter due to a severe dollar crunch that affected production, with gold the most hit, the mining chamber said, adding some bullion miners had experienced recently introduced power cuts. Mining generates most of the export earnings for the southern African nation, which faces a severe shortage of dollars that has led to a scarcity of fuel and medicines.

May 23 - Gold miners must focus on returns, mergers to attract investment -Barrick CEO 
Gold miners must focus on maximising returns and more mergers to attract investors seeking to diversify after years of under-investing in mines, Barrick Gold's chief executive said on Wednesday. "The industry is in decline and we have put ourselves in a very a tight spot because we haven't invested in exploration and our future," said Mark Bristow, who took the helm in January at Barrick after its takeover of Africa's Randgold.

May 23 - Aurubis buys recycler Metallo in move beyond copper 
Aurubis, Europe's biggest copper smelter, said on Wednesday it had agreed to buy Belgian-Spanish recycling company Metallo Group for 380 million euros ($424 million) as part of an acquisition-led shift into other metals. "Due to megatrends such as smart homes, e-mobility, digitalisation and renewable energies, both the quantity and the complexity of secondary raw materials will increase significantly," Aurubis Chief Executive Juergen Schachler said.

May 23 - Australia's Kidman Resources backs $534 mln Wesfarmers takeover 
Australian lithium miner Kidman Resources on Thursday agreed to be acquired by Wesfarmers for A$776 million ($534 million) in a deal that will give the retail conglomerate entry into the booming electric vehicle market. The two companies entered into a scheme implementation deed after Wesfarmers, which launched its bid for Kidman earlier this month, completed due diligence, the parties said in separate statements.

May 23 - Zimbabwe awards platinum concession to firm linked to Nigerian billionaire 
Zimbabwe has awarded a concession to explore for and mine platinum to a company linked to a Nigerian billionaire as the country speeds up investment in a mining sector it hopes will transform the country's struggling economy. The concession comes just over a year after President Emmerson Mnangagwa's government signed an agreement with Cyprus-based Karo Resources to develop a $4.2 billion integrated platinum mine.

May 22 - Steely ambition: China's Baowu eyes moving blast furnaces to Cambodia 
China's top steel maker Baowu Group is studying plans to relocate blast furnaces from remote Xinjiang to Cambodia in a bold example of China's heavy industry shifting excess capacity overseas, a source familiar with the firm's plans said. The move, which would mark Baowu's first overseas production, shows the lengths Chinese steelmakers are prepared to go to maintain output levels despite Beijing's drive to cut industrial slack in the mainland.

May 22 - British Steel risks collapse with 25,000 jobs at stake 
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan, two sources close to the situation said. British Steel said negotiations had not concluded and it continues to work with all parties to secure the future of the business. It also reassured employees that their salaries will be paid in full for May. 

May 22 - Global miner BHP plans to expand nickel output amid battery boom 
Global miner BHP Group on Wednesday said it plans to expand its nickel sulphide operations amid an expected boom in demand for the material in electric vehicle batteries. But the company is not looking to produce main battery ingredient lithium as it sees such output having slimmer profits.

May 22 - Norsk Hydro to boost alumina output as Brazil lifts restrictions 
Albras aluminium smelter in Brazil, partly owned by Norsk Hydro, started to ramp up its output on Tuesday after a Brazilian federal court lifted production restrictions at the Alunnorte alumina plant, the Norwegian company said. The Alunorte plant, an important supplier to the aluminium industry, has been forced to operate at half capacity since a spill in February 2018 which prompted regulators and courts to restrict output. 

May 22 - Peruvian village blockades Las Bambas copper mine again 
An indigenous Peruvian community has imposed a new road blockade on Chinese miner MMG Ltd's Las Bambas mine, one of Peru's largest copper producers, after talks with the company over compensation broke down, a representative of the public ombudsman office said on Tuesday. The community started the blockade at midnight (0500 GMT) on Tuesday, the representative, Americo Contreras, said by phone, citing a document from government officials who mediated the talks that ended without a solution late on Monday.

May 22 - Rare earth firms' stocks soar on U.S.-China trade war speculation 
Shares in rare earth-related companies soared on Tuesday, led by jumps in Chinese producers a day after Chinese President Xi Jinping visited a rare earth firm in southern China, sparkingspeculation the sector could be the next front in the Sino-U.S. trade war. Xi on Monday visit JL MAG Rare-Earth Co Ltd in Jiangxi province, state media reported. The MVIS Global Rare Earth/Strategic Minerals Index which tracks the shares of 20 producers from 10 countries, including China, Australia and Canada, jumped 6.4% in its biggest one-day gain since October 2011.

May 22 - Iron ore is surging, but not all producers are joining the party: Russell 
While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty. It's no surprise that Brazil's Vale is struggling. After all, it is largely the reason for iron ore's stellar run, with the spot price of 62 percent ore delivered to China, as assessed by Argus Media, ending at $100.65 a tonne on Tuesday, up 38.1% this year.

May 22 - Australian state leader calls for timeline on Adani coal mine approvals 
Australia's Queensland state premier on Wednesday called for India's Adani Enterprises to sit down with the state regulator to work out a definitive timeline to obtain approvals for a controversial coal mine project in the state. Premier Anna Palaszczuk said the community required certainty on the long-delayed Carmichael mine's outlook, and was tired of waiting for approvals after environmental reviews that have stalled the project.

May 22 - Barrick Gold bids to acquire remaining Acacia shares  
Canadian miner Barrick Gold Corp said on Tuesday it has proposed to acquire all of the shares it does not already own in Acacia Mining Plc through a share-for-share exchange of 0.153 Barrick shares for each ordinary share of Acacia. The proposal values Acacia, which is majority-owned by Barrick, at $787 million and total consideration to the minority shareholders of Acacia of $285 million, Barrick said. 

May 22 - What soaring iron ore and faltering copper say about China: Andy Home 
The iron ore market is on a surge, the price last week punching up through the $100-per tonne level for the first time in five years. Copper, by contrast, is under pressure, with the London Metal Exchange (LME) price for three-month delivery sliding 10 percent over the last month and currently struggling to hold the $6,000-per tonne level.

May 21 - LME dismisses Glencore complaint over access to metal in Malaysia - sources 
The London Metal Exchange (LME) has dismissed a complaint from miner and commodity trader Glencore over its inability to take fast delivery of aluminium from warehouses owned by ISTIM UK in Port Klang, Malaysia, two sources familiar with the matter said on Monday. Sources had told Reuters earlier this year that Glencore's complaint highlighted uncertainties in the LME's storage rules, after industry reform sparked by accusations from consumers that banks and traders were hoarding metal in LME warehouses.

May 21 - Zambia seeks 'divorce' from Vedanta over alleged mining breaches 
Zambia plans to strip Vedanta-controlled Konkola Copper Mines (KCM) of its mining licence and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector. Zambian President Edgar Lungu announced the plan on Monday, which his spokesman said followed a number of breaches of the terms of the licence, without giving details.

May 21 - Vale's Gongo Soco mine dam has up to 15% chance of bursting - Brazil official 
Brazilian miner Vale's tailings dam in the town of Barao de Cocais in Minas Gerais has up to a 15% chance of breaking, the state's environment secretary said on Monday. The dam at Vale's Gongo Soco mine is about 40 miles (64 km) from Brumadinho, where a tailings dam collapse unleashed a torrent of toxic mud in late January, killing more than 240 people.

May 21 - Confusing signals cloud London nickel market: Andy Home 
The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade. Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders. Falling inventory and tighter spreads are normally strong bull signals in a commodity market. And in nickel's case they seem to tally nicely with the International Nickel Study Group's (INSG) forecast that supply will fall short of usage for the fourth successive year in 2019.

May 21 - Norsk Hydro given nod to restore output at Alunorte alumina plant 
Norwegian metals maker Norsk Hydro has been given the go ahead by a Brazilian federal court to resume full output from the company's Alunorte alumina refinery, it said on Monday. The plant, a key supplier to the aluminium industry, currently operates at half of its capacity after a spill in February 2018 that prompted regulators and courts to restrict output. 

May 21 - Copper market in 74,000 tonnes surplus in Feb 2019 - ICSG 
The global world refined copper market showed a 74,000 tonnes surplus in February, compared with a 33,000 tonnes deficit in January, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 2 months of the year, the market was in a 41,000 tonnes surplus compared with a 43,000 tonnes surplus in the same period a year earlier, the ICSG said.

May 21 - British Steel on brink of collapse with thousands of jobs at risk - source 
British Steel, the country's second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38.1 million) loan by later on Tuesday, a source close to the situation said. The steelmaker, owned by investment firm Greybull Capital, employs around 5,000 people, mostly in Scunthorpe, in the north of England, while tens of thousands more depend on in its supply chain.

May 21 - Int'l recycling group confirms scrap metal exec as new president 
The Bureau of International Recycling (BIR) on Tuesday confirmed the appointment of Tom Bird, the chief operating officer of Chinese scrap metal firm Chiho Environmental Group, as its new president, replacing Ranjit Baxi. The Briton, who was previously BIR treasurer, was formally given an initial two-year mandate as president by members at the BIR's annual general assembly in Singapore. 

May 21 - Miner Fresnillo warns of "more challenging" 2019 
Fresnillo said on Tuesday the current year would be more challenging than 2018 as a number of industry variables were "working against" the precious metals miner. The company, which posted a 15 percent drop in first-quarter silver production last month, said it was "disappointed" not to meet its long-term silver output target and that it was taking action to address this "in a number of ways".

May 20 - U.S. lifts tariffs on Canadian, Mexican metals in boost for trade pact 
The United States struck deals on Friday to lift tariffs on steel and aluminum imports from Canada and Mexico, the three governments said, removing a major obstacle to legislative approval of a new North American trade pact. The separate agreements, which will not impose U.S. quotas on Canadian and Mexican metals shipments, will also eliminate Mexican and Canadian retaliatory tariffs on a broad range of U.S. products, including pork, beef and bourbon.

May 20 - China's scrap metal imports to slump as new rules leave firms confused 
China's scrap metal importers expect disruptions in shipments to start this month because of uncertainty surrounding new scrap restrictions starting in July, depriving the world's biggest copper consumer of a crucial source of the metal. Starting on July 1, China will restrict high-grade Category 6 copper scrap, as well as aluminium and steel scrap, an extension of an earlier ban that started this year on Category 7 scrap, which has less metal content.

May 20 - Australia's Lynas, Blue Line plan Texas rare earths facility 
Rare earths producer Lynas Corp said on Monday it has signed a memorandum of understanding with Texas-based Blue Line Corp to set up a rare earths separation facility in the United States. The move comes as the United States, which is highly reliant on the world's biggest producer China for rare earths, is prioritising the sourcing of its own strategic minerals used in everything from consumer electronics to military equipment. 

May 20 - Amplats considers sale of Twickenham and Bokoni mines - CEO 
Anglo American Platinum is contemplating the sale of its Bokoni and Twickenham mines in South Africa, a move which would mostly complete the group's divestment strategy, its chief executive told Reuters. The precious metals producer has sold many of its mines as it pivots from the labour-intensive methods that have defined South African platinum mining to more mechanised operations, but struggled to dispose of loss-making Bokoni.

May 20 - Tokyo Steel keeps product prices unchanged in June for 6th straight month 
Tokyo Steel Manufacturing Co Ltd, Japan's top electric-arc furnace steelmaker, said on Monday it will hold all steel product prices steady in June, for the sixth month in a row, citing a weaker overseas market and high inventories at home. For June, prices for steel bars, including rebar, will remain at 69,000 yen ($626) a tonne while H-beams will also stay at 89,000 yen ($808) a tonne. Prices will be unchanged for all of the company's 15 steel products. 

May 20 - Unions at Chile's Chuquicamata mine reject proposal for quick end to contract talks 
Three workers' unions at Chilean state-owned miner Codelco's Chuquicamata mine rejected management's proposal for a quick end to current contract negotiations, a union leader said on Sunday. Unions 1, 2 and 3 are the biggest unions at Chuquicamata and are negotiating a new collective contract as Codelco transforms the 100-year-old open-pit deposit into an underground mine.

May 20 - South Africa's Sibanye wins final regulatory go-ahead for Lonmin deal 
South Africa's Competition Appeal Court gave the green light on Friday to Sibanye-Stillwater's takeover of Lonmin that aims to create the world's second-largest platinum producer. Lonmin's biggest mining union, the Association of Mineworkers and Construction Union (AMCU), had filed an appeal trying to block the deal or have it re-examined to prevent job cuts after an earlier approval by the Competition Tribunal. 

May 20 - Zambia's president insists on tax changes opposed by mining firms 
Zambia's President Edgar Lungu said on Friday that he will go ahead with a new non-refundable sales tax in place of Value Added Tax (VAT), despite criticism from mining companies. Africa's second-biggest copper producer is introducing the tax change as part of a plan to keep a greater share of mineral resource profits for the country and tackle its debt despite criticism that it is deterring new investment. 

May 17 - Palladium boom gives South African miners only temporary reprieve 
A surge in palladium prices has thrown struggling South African mining companies a lifeline. But it may not be enough. Besides patchy power supplies and high labour costs, South African miners are saddled with ore that typically produces twice as much platinum as palladium - just at a time a global platinum surplus is weighing on prices.

May 17 - U.S. terminates Turkey's preferential trade agreement, reduces tariffs on steel 
The United States on Thursday terminated Turkey's preferential trade treatment that allowed some exports to enter the country duty free, but it has halved its tariffs on imports of Turkish steel to 25%. The White House said it was appropriate to terminate Turkey's eligibility to participate in the Generalized System of Preferences (GSP) program, based on its level of economic development. The decision is effective May 17, it added.

May 17 - China stimulus in response to trade war to support metals prices- Goldman 
Large stimulus measures from China in response to an escalation in the Sino-U.S. trade war would eventually drive metals prices higher, Wall Street bank Goldman Sachs said. The trade war will affect China's economy more than that of the United States, the bank said, but added that it expects Beijing will mostly be able to offset the negative impact.

May 17 - Chinese outages a reminder of aluminium's dirty secret: Andy Home 
Chinese alumina prices have jumped to a five-month high on news that at least two refineries in the province of Shanxi are being shut down pending environmental inspections. So far the market impact seems localised.

May 17 - Japan's SMM aims to double battery material capacity in 9 yrs 
Japanese miner and smelter Sumitomo Metal Mining Co Ltd (SMM) aims to more than double its production capacity of cathode materials used in batteries for automobiles by March 2028, its president Akira Nozaki said on Friday. SMM, which also makes electrical materials, supplies the nickel-cobalt-aluminium (NCA) cathode materials used in Panasonic Corp's lithium-ion battery that powers Tesla Inc's Model 3 and Model X cars.

May 17 - Sibanye-Stillwater plans to resume dividend payments in 2020
Higher prices for industrial precious metals palladium and platinum have boosted earnings at Sibanye-Stillwater, enabling the miner to repay debt and plan to resume dividends next year, its chief executive Neal Froneman said. Sibanye, once the industry's highest dividend payer, last made a payout to investors in 2016.

May 17 - Mining magnate aims to be kingmaker after Australian election
A billionaire who built his own Jurassic Park and promises a replica Titanic may hold the balance of power in Australia's parliament if his populist campaign wins enough votes in Saturday's general election. Clive Palmer, whose slogan "Make Australia Great" echoes U.S. President Donald Trump's 2016 campaign, has spent tens of millions of dollars on a campaign aimed at disaffected voters in a country where casting a ballot is compulsory.

May 17 - De Beers, Namibia invest in new diamond mining ship
Anglo American on Thursday said its De Beers subsidiary was investing in a $468 million new offshore diamond mining ship to mine for diamonds off the coast of Namibia, with the capacity to add 500,000 carats of annual production from 2022. The vessel is a joint venture between De Beers and the government of Namibia, which is keen to encourage foreign investment in mining as a mainstay of the economy.

May 17 - Poland's KGHM may beat production goal at Sierra Gorda 
Polish mining company KGHM may produce more copper than planned at its Sierra Gorda mine in Chile in 2019, while keeping capital expenditure (capex) below target, its deputy chief executive in charge of foreign assets said on Thursday. "We see a chance to limit capex at Sierra Gorda while maintaining a positive trend in production," said Pawel Gruza.

May 17 - Norsk Hydro eyes Brazil progress as court lifts one of two embargoes 
A Brazilian federal court has lifted one of two production embargoes on a key plant owned by Norwegian metals maker Norsk Hydro, the company said on Thursday, raising hopes that full production can soon resume. Shares in the company rose 5.4% in early trade on the news, and were up 4.3% at 33.42 Norwegian crowns by 0745 GMT.

May 16 - Commodities for the Trump-China trade war: Gold for bears, copper for bulls: Russell 
One of the most popular questions at mining conferences is what is your top metal and why are you bullish on it. The clear winner so far this year is gold. While gold is a perennial favourite at mining events, the near unanimous backing among industry insiders likely reflects two emerging dynamics.

May 16 - Mexico says it is close to U.S. metals tariff deal, waiting for Canada
Mexico is close to resolving its dispute with the United States over steel and aluminum tariffs without quotas but hopes Canada can reach a similar agreement before completing it, a senior Mexican official said on Wednesday. Jesus Seade, Mexican deputy foreign minister for North America, told Reuters by telephone that a deal to remove the so-called Section 232 tariffs was "very close" but he wanted Canada to be in the same position in its negotiations with Washington.

May 16 - Brazil court lifts one of two embargoes on Norsk Hydro plant
A Brazilian federal court has lifted one of two production embargoes on a key plant owned by Norwegian metals maker Norsk Hydro, but output remains curtailed at 50% of capacity, the company said on Thursday. Following a spill of untreated water in February 2018, courts and regulators restricted the production of Hydro's Alunorte alumina refinery, a key supplier to the aluminium industry.

May 16 - China caps capacity at coal mines at risk for 'bumps'
China's National Coal Mine Safety Administration said it has set a production cap of 8 million tonnes of coal a year for each mine deemed to be at risk from so-called "bumps". As part of the measure to improve safety, capacity expansion on such mines will also be banned once they are in operation, the safety watchdog said in a statement on Wednesday.

May 16 - Lack of mine supply growth highlighted by Copper Study Group: Andy Home 
The refined copper market will experience supply shortfalls both this year and next, the International Copper Study Group (ICSG) says. The group has in fact lifted its 2019 deficit assessment to 189,000 tonnes from a forecast 65,000 tonnes at its last biannual meeting in October 2018. Next year's deficit is expected to be wider at 250,000 tonnes.

May 16 - Trump administration opens up Minnesota wilderness area to copper mining 
The U.S. Interior Department on Wednesday renewed two long-mothballed leases near the Boundary Waters Wilderness area in Minnesota, a key step in opening up the popular wilderness and recreation area to copper mining despite heavy opposition from local and national conservation groups. The department's Bureau of Land Management granted the hardrock mineral leases inside the Superior National Forest to Twin Metals Minnesota LLC, a subsidiary of Chile's Antofagasta, with the aim of expanding domestic mining of "critical minerals" used in common appliances and products, saying it is beneficial to national security because it reduces foreign imports.

May 16 - Chile's Codelco strikes labor deal with supervisors at Salvador mine
State miner Codelco, the world's top copper producer, said on Wednesday that it had agreed on a new labor contract with the union of supervisors at its small Salvador mine in northern Chile. The union and company had entered into a government mediated negotiation earlier this month after supervisors rejected the company's previous offer and alleged that Codelco was putting undue pressure on its workers to accept the deal.

May 16 - Zimbabwe platinum mines to ride out power cuts, gold output less secure 
Power imports are cushioning platinum mining companies against Zimbabwe's worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said. State utility ZETDC this week started indefinite rolling power cuts lasting up to 10 hours per day, blaming low water levels at the dam that supplies the biggest hydro plant and creaking infrastructure at ageing coal-fired generators.

May 16 - Lithium Americas names new CEO, quarterly loss shrinks
Lithium Americas Corp, which is developing lithium projects in Argentina and Nevada, said on Wednesday that its quarterly loss shrank as costs fell and sales rose, and that its chief executive would retire. The company is one of a handful of junior miners around the world working to develop mines for lithium, a key metal used to make electric vehicle batteries.

May 15 - China April steel output climbs to monthly record, stoked by firm profit margins 
China's crude steel production rose 12.7% in April from March to its highest monthly level on record, official data showed on Wednesday, bolstered by firm demand and good profitability in steelmaking. The world's top steelmaker churned out 85.03 million tonnes of crude steel last month, up from 80.33 million tonnes in March and 76.7 million tonnes at the same time last year, data from the National Bureau of Statistics (NBS) showed.

May 15 - Mexico says deal to repeal U.S. steel tariffs could be close
Mexico is closing in on a deal to repeal U.S. President Donald Trump's punitive tariffs on steel and aluminum, a senior Mexican official said on Tuesday, potentially moving a step nearer to the ratification of a major trade deal struck last year. "We are, I think, close to negotiating the lifting of the tariffs," Mexican Economy Minister Graciela Marquez told Canadian broadcaster CBC after meeting with Canadian Foreign Minister Chrystia Freeland in Toronto.

May 15 - China April aluminium output grows 3.9% on year as smelters restart
China's aluminium output rose from the previous month to its third-highest daily rate on record in April, according to Reuters calculations based on official data, as smelters ramped up production to cash in on higher prices. The world's top aluminium producing country churned out 2.92 million tonnes of the metal last month, the National Bureau of Statistics said on Wednesday. That was up 1.4% from 2.88 million tonnes in March, which saw the end of winter restrictions on output aimed at curbing pollution, and was up 3.9% year-on-year, the bureau said.

May 15 - U.S. leaves rare earths, critical minerals off China tariff list 
The United States has again decided not to impose tariffs on rare earths and other critical minerals from China, underscoring its reliance on the Asian nation for a group of materials used in everything from consumer electronics to military equipment. The minerals are set to be among the few items spared from U.S. tariffs in an escalating trade war with China, which is by far the world's biggest producer of rare earths.

May 15 - Barrick Gold prepping sale of Zambian copper mine in H2 - sources 
Barrick Gold Corp, the world's second largest bullion miner, is preparing its Zambian copper mine Lumwana for sale in the second half of 2019, looking to target Chinese buyers, three sources with knowledge of the matter said. Fresh from two major deals in recent months, Barrick has said it plans to shed $1.5 billion of less productive mines, which have little expansion potential.

May 15 - Aurubis confirms bleak profit outlook on lean markets, shutdowns 
Aurubis AG, Europe's largest copper producer, on Wednesday confirmed a reduced full-year earnings forecast on weak market environment and plant shutdowns, while posting a slump in its quarterly earnings. Aurubis expects operating pre-tax earnings (EBT) in its 2018/19 fiscal year to fall "significantly" by more than 15% compared with the previous year. The copper producer in February had forecast full-year operating EBT to be "moderately lower".

May 15 - Rothschild withdraws from advising Adani on Australia coal project 
Rothschild & Co has decided not to advise India's Adani in the financing or development of the $4 billion Carmichael coal mine in Queensland, Australia, a letter from the bank to an environmental group said. The bank is also not advising the firm on the planned sale of stake in the Abbot Point Coal export terminal, said the May 12 confidential letter to Friends of the Earth, France.

May 15 - Livent aims to boost lithium sales to EV sector by 2020 
Livent Corp aims to derive more than half of its lithium sales from the electric vehicle industry by next year, a shift for a company that historically has supplied the white metal for use in greases and other industrial products, its chief executive said Tuesday in an interview. Philadelphia-based Livent has struggled in recent months to retain some customers and offset gyrations in the price of lithium it produces. While the company's lithium is used in Tesla Inc vehicles, Livent has not expanded into the automotive space as rapidly as some peers have.

May 15 - India fears US-China trade war will lead to dumping of Chinese steel-sources
India fears China could soon start flooding excess steel into its market after the United States raised tariffs on Chinese products due to the escalating trade war between the world's two largest economies, according to three government sources and four industry officials. As a result, the Indian steel industry has asked the Indian government to put in so-called safeguard duties of as much as 25 percent to protect it from growing imports. These would be imposed on steel that the government determines has been dumped in India at prices below the cost of production.

May 15 - Brazil's Vale says may expand Carajas Serra Sul mine, doubling output
Brazilian miner Vale SA said on Tuesday it is considering doubling the output of its Carajas Serra Sul iron ore mine in the northern part of the country after 2020, saying the move would allow it to cut the use of tailings dams. One such dam, used to store the muddy, toxic mining debris, collapsed in late February, killing more than 230 people.

May 15 - BHP to keep Nickel West, Rio looks to Jadar lithium for battery boom 
Global miner BHP will hold on to the Australian nickel operations it previously put up for sale, while Rio Tinto is working on copper and lithium projects as the mining industry bets on demand for electric vehicle (EV) batteries. The biggest mining companies say they are well positioned to provide the metals needed for the shift to EV technology, although they acknowledge the political risks and environmental issues in some of the countries where the best supplies are found.

May 14 - U.S. faces hurdles in push to build electric vehicle supply chain
The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country's metal reserves largely unknown and only a few facilities to process minerals and produce batteries. Legislation making its way through the U.S. Congress aims to help offset those gaps, but China remains the global EV sector leader, a dominance seen by some as difficult to supplant.

May 14 - Norsk Hydro looks to master magnetism to keep carbon promise  
In the cavernous chamber of Norsk Hydro's aluminium smelter on the Norwegian island of Karmoey, the magnetic forces are so strong they make heavy iron wrenches float out of the hands of workers. The company is piloting a technology that tames the effects of that powerful magnetic field, which is a consequence of the electrolysis process to make aluminium and leaches away energy.

May 14 - Aluminium giant Rusal says Q1 profit drops 44% in aftermath of U.S. sanctions 
Russian aluminum giant United Company Rusal on Tuesday said its first-quarter net profit fell about 44%, hit by the lingering effects of U.S. sanctions and weaker aluminum prices. Recurring net profit for the three months to March 31 fell to $300 million from $531 million at the same time last year, Rusal said in a statement to the Hong Kong bourse.

May 14 - Oversupply looms over investor bets on platinum rebound
Investors have poured cash into bets that platinum prices will revive after a decade of declines, but excess supply is likely to keep a lid on gains. Once the precious metal with the highest price tag, worth more than $2,000 an ounce in 2008, platinum has plunged below palladium and gold.

May 14 - Australia's Pembroke wins govt approval for $700 mln coking coal mine
Privately held Pembroke Resources on Tuesday won approval from Australia's Queensland state to develop a $700 million coking coal mine, as it pushes to tap strong demand for the steelmaking ingredient in Asia. Construction is due to start next year, with the company looking to begin negotiating contracts soon for supplies of coal from the mine, Chief Executive Barry Tudor told Reuters.

May 14 - Investors, autos to fuel platinum deficit in 2019 - Johnson Matthey
Soaring investment demand will create platinum shortages in 2019, while the palladium market will see a deficit for the eighth consecutive year due to robust demand from the auto sector, specialist materials firm Johnson Matthey said. In a report produced at the start of Platinum Week in London, Johnson Matthey forecast a 127,000-ounce platinum shortfall this year, after surpluses of 372,000 and 44,000 ounces in 2018 and 2017 respectively.

May 14 - Poland to hold high-level talks on Prairie Mining coal projects dispute - sources
Poland's prime minister and other government officials will meet on Tuesday to discuss a threat by Australia's Prairie Mining to sue Warsaw over difficulties it faced in developing coal projects, three sources familiar with the situation said. Prairie Mining, which has been developing two mines in Poland, said in February that it had notified the Polish government about an investment dispute and that it had the right to take the case to international arbitration if it could not be resolved amicably.

May 14 - Zimbabwe faces worst power cuts in 3 years, mines hit 
Zimbabwe's state power utility imposed the worst rolling blackouts in three years on Monday, with households and industries including mines set to be without electricity for up to eight hours daily. The power cuts could stoke mounting public anger against President Emmerson Mnangagwa’s government as Zimbabweans grapple with an economic crisis that has seen shortages of U.S. dollars used as the official currency, fuel, food and medicines as well as soaring inflation that is eroding earnings and savings.

May 13 - Palladium's price gap over platinum needs to shrink – Nornickel
The price gap between palladium and its sister metal platinum needs to shrink as number one platinum producer South Africa requires a higher price for the metal to keep investing in new supply, Russia's Norilsk Nickel said. Norilsk is the number one producer of palladium, accounting for more than 40 percent of global output, and is also a leading supplier of platinum. Both metals are used to curb harmful emissions from cars.

May 13 - Palladium to narrow annual deficit in 2019, platinum surplus grows - Metals Focus 
Palladium will narrow its deficit to 574,000 tonnes in 2019 from 821,000 tonnes last year while platinum's surplus is seen nearly doubling to 630,000 ounces, research group Metals Focus said on Monday. Palladium, used to reduce emissions in petrol cars, will record its eighth year of deficit, driven by tighter emissions standards that require a higher loading of the metal in catalysts and higher demand for cars powered by gasoline in Europe.

May 13 - Back on the menu: Chinese steel mills regain taste for high-grade iron ore 
Chinese steelmakers are regaining their appetite for high-grade iron ore despite record-high ore prices, mill managers and traders say, as recovering profit margins spur plants to seek efficiency gains and ramp up output. Steel firms had been forced to slash input costs through switching to low-quality ore in late 2018 as steel margins dived amid record output. A sharp surge in iron ore prices in early 2019 - sparked by a catastrophic tailings dam failure at a Vale SA mine in Brazil - also fuelled that switch.

May 13 - Germany's Thyssenkrupp agrees restructuring approach with labour leaders 
Management and labour leaders at Germany's Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. Agreement was reached in talks between management and workers overnight on recognising the need for radical action, whilst ensuring fair treatment of employees at the Essen-based group, both sides said.

May 13 - Differing outlooks will reinforce zinc and lead divergence: Andy Home 
Zinc and lead may be so-called "sister" metals but their price divergence has rarely been wider. At one stage last month London Metal Exchange (LME) zinc commanded a premium of $1,003 per tonne over lead, the widest pricing gap in 12 years.

May 13 - LME appoints first chairwoman in its history 
The London Metal Exchange (LME) has appointed Standard Chartered and ConocoPhillips board member Gay Huey Evans as its new chairwoman, the first in its 142-year history. Evans, who is also on the board of Itau BBA International and has previously worked at Citi, Barclays Capital and the UK's Financial Services Authority, will replace Sir Brian Bender in December.

May 13 - Speculators raise net long positions in COMEX gold - CFTC
Hedge funds and money managers raised their net long positions in COMEX gold in the week to May 7, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also increased their net short position in silver and upped their bearish stance on copper during the week, the data showed.

May 13 - Livent executives to exit after lithium forecast slashed 
Livent Corp said on Friday that two senior executives were leaving to pursue other opportunities, coming just days after the lithium producer cut its 2019 forecast and warned that demand was slipping for a version of the white metal it produces. Philadelphia-based Livent said Chief Growth Officer Thomas Schneberger would leave at the end of the month and that Rasmus Gerdeman, head of strategy and investor relations, has already left.

May 10 - Brazil's Vale to spend $2.5 bln on technology to prevent mining dam disasters 
Brazil's Vale said on Thursday that it plans to invest $2.5 billion over the next five years in technology that removes the need for tailings dams, the waste facilities responsible for two deadly mining disasters in the past four years. The funds will be mainly used to convert Vale's Carajas mining complex in northern Brazil to disposing of 100 percent of its tailings through dry processes, Vale's director of ferrous planning and development, Fabiano Carvalho Filho, said in an email response to questions from Reuters.

May 10 - Financing deals, deficit to buttress physical aluminium prices 
Aluminium tied up in financing deals and collateral for loans, shortages and inventory draws will sustain prices in the physical market even as funds expecting sluggish demand sell derivatives. Financing deals involve buying aluminium now and selling it forward for a higher price and profit after storage and interest costs have been deducted. These deals are often on a monthly basis and rolled over, but traders say some recent deals go out to December 2019 and March 2020.

May 10 - Albemarle touts new project to boost its Chilean lithium output by 30 percent 
Albemarle Corp said on Thursday it is moving forward on a project it claims will boost its Chilean lithium production by 30 percent without extracting more brine from the environmentally sensitive Salar de Atacama, the world's driest desert. The company, the world's largest producer of the white metal used to make electric vehicle batteries, has teased the industry for more than a year that it has production-enhancing technology. The lack of details, though, has irked some investors and Chilean authorities.

May 10 - Iran says U.S. sanctions on Iranian metals "against international norms" - ISNA
U.S. sanctions on Iranian metals are against international norms, Iran's foreign ministry spokesman said on Thursday, warning that Washington would be responsible for Iran's losses. "This U.S. measure is against the international commitments of this regime... It is against international norms ... The United States will be responsible for the caused losses," Abbas Mousavi was quoted as saying by the semi-official news agency ISNA.

May 10 - Steelmaker ArcelorMittal downbeat on main Europe market  
ArcelorMittal, the world's largest steelmaker, cut its forecast for demand in its main market Europe on Thursday after lower steel prices depressed earnings at the start of the year. The Luxembourg-based company, which makes about 6 percent of the world's steel, announced on Monday it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and increased imports.

May 10 - Acacia Mining hits back at parent Barrick in Tanzania row 
Acacia Mining on Thursday hit back at parent company Barrick Gold Corp's allegation the miner was an obstacle to solving a long-running tax row in Tanzania. Barrick CEO Mark Bristow said in a results presentation on Wednesday that Acacia was not cooperating, prompting Acacia to demand clarification from Barrick.

May 10 - Australia's Aurelia Metals scraps talks to buy Glencore's CSA mine 
Aurelia Metals Ltd on Thursday said it was no longer in talks about a possible acquisition of the CSA mine in New South Wales, the second Australian miner since April to back off from plans to buy the Glencore Plc-owned copper mine. Last month, Aeris Resources Ltd said it was unable to reach an agreement with Glencore on its $575 million offer to buy the mine.

May 10 - Rio Tinto shipping more aluminium to Europe as U.S. demand slows 
Rio Tinto has begun shipping more aluminium to markets like Europe to offset slowing demand from the United States partly caused by the trade dispute between China and the U.S., Chief Executive Jean-Sébastien Jacques said on Thursday. Jacques said that demand for Rio Tinto's products had not been impacted by the dispute, which is threatening to escalate this week. 

May 10 - Brazil's CSN nears German unit sale, in talks for ore streaming 
Brazilian steelmaker Companhia Siderurgica Nacional said on Thursday it is still in talks for a $500 million iron ore streaming deal and is close to reaching an agreement to sell its German unit. In a conference call with analysts, Chief Executive Benjamin Steinbruch said he is pushing for the right price to sell the German unit, which is key to hitting a debt reduction target by the end of the year.

May 10 - AngloGold Ashanti plans to sell up in S.Africa 
AngloGold Ashanti Ltd will review divestment options for its Mponeng mine and other South African assets to focus on higher returns elsewhere, the South African gold miner said on Thursday. AngloGold employs around 6,000 people in South Africa where mining companies have faced volatile labour relations, rising costs, regulatory disruptions and technical issues.

May 09 - US targets Iran's metals for sanctions, Tehran relaxes nuclear deal compliance
U.S. President Donald Trump on Wednesday imposed new sanctions on Iran, targeting revenue from its exports of industrial metals, the latest salvo in tensions between Washington and Tehran over a 2015 international accord curbing the Islamic Republic's nuclear program. Iran had announced hours earlier that it was relaxing some restrictions on its nuclear program, steps that stopped short of violating the deal with world powers for now, but threatening more action if countries do not shield it from U.S. sanctions.

May 09 - Barrick seeks early-stage projects as it sells $1.5 bln of low-growth mines
Barrick Gold Corp, the world's second-largest gold producer, said on Wednesday it remained open to new investments, even as it plans to shed $1.5 billion of less productive mines. Fresh from two major deals in recent months, Barrick is seeking early-stage exploration projects, particularly in Canada, Chief Executive Officer Mark Bristow said in an interview.

May 09 - Rusal's political comeback powered by "green" aluminium: Andy Home
Political rehabilitation doesn't get much better. Just over a year ago Russian aluminium producer Rusal was hit with swingeing sanctions by the U.S. government. The company's owner, Oleg Deripaska, was accused of a litany of misdeeds by the Treasury Department's Office of Foreign Assets Control (OFAC), all of which he denied, and his sprawling industrial empire, including Rusal, was slapped with secondary sanctions.

May 09 - Big Four miners languish amid demand, ESG, capex concerns
The world's biggest diversified miners have yet to see their share prices reflect their role as providers of the minerals needed for a shift to a low-carbon economy. Mining companies provide minerals such as cobalt used in electric vehicle batteries and copper for increased electrification, and the sector's balance sheets are in rude health.

May 09 - Albemarle's lithium sales drop after Chilean rains
Albemarle Corp, the world's largest producer of lithium used to make electric vehicle batteries, posted a better-than-expected quarterly profit on Wednesday as surging sales of flame retardant chemicals offset a dip in lithium sales. The weakness in its lithium unit, which executives have repeatedly labeled as the company's future, was largely due to torrential January rains at the company's mines in Chile, which rely on evaporation ponds to produce the white metal.

May 09 - Steelmaker ArcelorMittal downbeat on key European market
ArcelorMittal, the world's largest steelmaker, cut its demand forecast for its key markets on Thursday and said it was facing the twin challenges of lower steel prices and reduced consumption in Europe. The Luxembourg-based company, which makes around 6 percent of the world's steel, announced on Monday that it was temporarily reducing European steel output by 3 million tonnes on an annualised basis due to weak demand and increased imports.

May 09 - AngloGold Ashanti to review divestment options for S.African assets
AngloGold Ashanti Ltd will review divestment options for its remaining South African assets in a bid to focus on higher returns, the South African gold miner said on Thursday. AngloGold employs around 6,000 people in South Africa where mining companies have faced volatile labour relations, rising costs, regulatory disruptions and technical issues.

May 09 - Vale iron ore output, sales slump after deadly Brazil dam burst
Brazil's Vale SA said on Wednesday that its iron ore production and sales slumped in the first quarter from a year earlier, reflecting the impact of the deadly collapse of a tailings dam at Brumadinho in late January. Iron ore output fell 11 percent to 72.87 million tonnes while sales of the commodity slid 22 percent in the three-month period to 55.416 million tons.

May 09 - Brazilian steelmaker Gerdau benefits from high prices, shares jump 4.6 percent
Brazilian steelmaker Gerdau SA on Wednesday reported quarterly results that showed it was still benefitting from high international prices amid a trade dispute between the United States and China, sending its shares up as much as 4.6 percent. The steelmaker reported net income of 453 million reais ($114.11 million), roughly flat from the same period last year, despite producing some 20 percent less steel. The company said the decrease was due to divestments of less lucrative operations in Chile, India and the United States.

May 09 - Acacia seeks clarification on North Mara dispute, production jumps
Acacia Mining Plc saw a surge in gold production in April thanks chiefly to a 54-percent rise in output from its disputed North Mara gold mine in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had cut output by a third after the government banned the export of mineral concentrates in 2017.

May 08 - China iron ore imports fall to 18-mth low in April as Brazil shipments slide 
China's iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country's second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident. Arrivals of iron ore, a key steelmaking raw material, were 80.77 million tonnes last month, the lowest since October 2017, data from the General Administration of Customs showed on Wednesday. That compares to 86.42 million tonnes in March and 82.92 million tonnes in April 2018.

May 08 - China's April copper imports rise vs March, demand builds momentum for Q2 peak 
China's unwrought copper imports rose 3.6 percent in April from the previous month, according to data released by the General Administration of Customs on Wednesday, as demand gathered momentum at the start of the peak-consumption second quarter. Imports of unwrought copper, including anode, refined and semi-finished copper products into China, the world's top consumer of the metal, came in at 405,000 tonnes last month. That compares with 391,000 tonnes in March, although it was down 8.4 percent from 442,000 tonnes in April 2018.

May 08 - Chile copper mine production slides in first quarter - Cochilco 
Copper production at Chile's top mines dropped sharply in the first quarter of 2019, Chilean copper commission Cochilco said on Tuesday, amid a perfect storm of operational issues, heavy rains and falling ore grades at the largest deposits. Cochilco said world top copper miner Codelco saw output drop 17 percent from the same period in 2018 to 371,000 tonnes.

May 08 - China-U.S. trade war disrupting metal markets, sparking volatility -industry 
A trade dispute between China and the United States is the main issue causing volatility in metal prices and market participants are braced for stormy conditions to persist, industry sources said in Hong Kong this week. A swift deterioration in China-U.S. trade talks hit global financial markets this week as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war between the world's two largest economies.

May 08 - New Norsk Hydro CEO to focus on profitability, review rolled products division
The incoming chief executive of Norsk Hydro will focus on improving the aluminium producer's profitability, aiming to present an improvement plan in the third quarter and review its rolled products division, the firm said on Wednesday. Hilde Merete Aasheim, previously the head of Hydro's primary metal division, on Wednesday takes over from Svein Richard Brandtzaeg as Hydro's new top executive.

May 08 - BHP faces $5 billion claim over 2015 Brazil dam failure
Anglo-Australian mining giant BHP is facing a landmark, $5.0 billion damages claim in England for being "woefully negligent" in the run-up to a 2015 dam failure that led to Brazil's worst environmental disaster, a lawsuit alleges. The claim, which will be largest group action to be heard in England, was served on the miner on Tuesday on behalf of 235,000 Brazilian individuals and organisations, including municipal governments, utility companies, indigenous tribes and the Catholic Church, according to law firm SPG Law.

May 08 - Gold glitters in India during key festival as prices dip 
Indians could buy at least 10 percent more gold during the annual Hindu and Jain holy festival of Akshaya Tritiya than a year ago, industry officials said, as a dip in prices prompted consumers to increase purchases. A rise in consumption by the world's second-biggest gold consumer could help global prices which are currently hovering near a 4-month low, but could widen India's trade deficit and put pressure on the rupee.

May 08 - ArcelorMittal to cut iron ore output, slash jobs in Bosnia 
ArcelorMittal will reduce output and cut 300 out of 800 jobs at its iron ore mines in Bosnia, the world's largest steelmaker said on Tuesday. Output will be reduced by a third to 1 million tonnes and the job cuts will be carried out from September, it said in a statement.

May 08 - India's Vedanta Q4 profit beats estimate on global zinc demand 
Indian miner Vedanta Ltd on Tuesday posted a better-than-expected fourth-quarter profit, helped by an increase in international demand for zinc. Rising global prices of metals such as zinc and copper have helped Vedanta fight challenges from mine shutdowns in India. Zinc prices climbed 14 percent so far this year, while copper is up 4.7 percent.

May 07 - Hong Kong exchange plans China metals expansion with warehousing pilot plan 
Hong Kong stock exchange Chief Executive Charles Li said on Tuesday the bourse was in official talks with Guangdong authorities on metals warehousing, a major step towards its long-held aim of expanding in mainland China. Li, head of Hong Kong Exchanges and Clearing Ltd (HKEX), has long wished for a China warehousing foothold to boost its London Metal Exchange (LME) franchise, but has faced reluctance from Chinese regulators concerned with protecting emerging domestic exchanges in the world's biggest consumer of metals.

May 07 - U.S.: China reneged on trade commitments, sparking Trump tariff hike 
China backtracked on substantial commitments it made during trade talks with the United States, prompting President Donald Trump to impose additional tariffs on Chinese goods slated to go into effect on Friday, top U.S. trade officials said on Monday. The swift deterioration in negotiations between the world's two largest economies hit global financial markets as investors faced the prospect of an escalation rather than an end to a 10-month-old trade war.

May 07 - Iron ore tugged between Brazilian supply shock, Trump's trade war: Russell 
Iron ore prices look increasingly caught between the bullish reality of lower supply from Brazil and the bearish possibility of weaker demand if President Donald Trump carries out his threat to ramp up his tariff war against China. The price action in the wake of Trump's Twitter threat on Sunday to ramp up tariffs on $200 billion of imports from China to 25 percent was indicative of iron ore's dilemma.

May 07 - Rio Tinto to buy autonomous mining truck fleet from Caterpillar 
Rio Tinto has agreed to buy a fleet of autonomous trucks and other mining equipment from Caterpillar for its new Koodaideri iron ore mine in Western Australia, it said on Tuesday. Caterpillar will supply a fleet of 20 autonomous 793F trucks as well as four autonomous blast drills for the mine, which Rio is developing for $2.6 billion with first production expected to start by the end of 2021.

May 07 - China's top coal province defies Beijing, allows new coke projects - ministry 
China's top coal and coke producing region Shanxi has relaxed environmental policies regarding its coking industry despite repeated orders from Beijing to curb production from coke plants, the Ministry of Ecology and Environment said on Monday. The MEE said the province had allowed and encouraged the expansion of coke capacity and had also fallen behind on a campaign to switch rural households to using gas rather than coal for heating.

May 07 - ArcelorMittal to shut Polish plant temporarily due to rising costs 
ArcelorMittal Poland said on Monday it planned to halt its blast furnace and steel plant in Krakow in September, due to rising carbon emission costs and surging power prices. ArcelorMittal did not say how long the shutdown would last at the Krakow furnace, which is in southern Poland. The company said this would partly depend on the situation in the steel market.

May 07 - Brazil's Vale says court halts Brucutu iron mining operations 
Brazilian miner Vale SA said on Monday that a court had ordered it to halt operations at its Brucutu iron ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which has fallen under intense scrutiny after a dam at another complex ruptured in January and killed hundreds of people, said its dams and other structures on the site have valid and current stability certifications.

May 07 - Sandvik eyes listing of specialty steel business 
Swedish engineering group Sandvik is considering listing its Materials Technology (SMT) business after announcing plans on Monday to separate it from the rest of the group. SMT, Sandvik's specialty steel business, has been seen as a spin-off candidate for many years, and has lagged far behind the group's main machining solutions and mining gear units in terms of both sales and profitability.

May 06 - Wesfarmers' soft bid for Kidman spotlights lithium's financing issues
Wesfarmers Ltd's bid for Australia's Kidman Resources undervalues the lithium miner, analysts said on Friday, reflecting the financing difficulties the sector faces even as electric car makers warn of raw material shortages. Wesfarmers offered a 47 percent premium for Kidman, which is developing the Mount Holland project in Western Australia through a joint venture with battery chemicals maker Sociedad Quimica y Minera de Chile S.A. (SQM).

May 06 - Trump blows up trade complacency, commodities to feel pain: Russell 
U.S. President Donald Trump has just given commodity markets a reminder that stormy waters can blow up quite quickly even if the voyage ahead was looking like smooth sailing. Investors were becoming complacent with the idea that the U.S.-China trade dispute was heading toward an eminently sensible and mutually beneficial resolution before Trump's latest Twitter outburst. Trump tweeted on Sunday that he will raise U.S. tariffs on $200 billion worth of Chinese imports to 25 percent from 10 percent on Friday, and threatened to targets hundreds of billions of dollars more in trade.

May 06 - Hong Kong exchange to launch dollar-denominated mini contracts for base metals 
The Hong Kong Futures Exchange (HKEX) plans to launch dollar-denominated mini contracts for six base metals in the coming months, the head of market development at the London Metal Exchange (LME) said on Monday. The standardised monthly futures contracts will reference LME prices and are being launched to "broaden access in the region for LME priced contracts", Robin Martin told an industry event in Hong Kong. They will be aimed at retail investors.

May 06 - Base metals give ground as manufacturing clouds darken: Andy Home 
It's been a bad week for Doctor Copper. London Metal Exchange (LME) copper slumped 3 percent on Wednesday and has slid further to a three-month low of $6,150 per tonne, last trading at $6,180. True, the move took place in something of a liquidity black hole with China and much of Europe on holiday this week, leaving the market prey to automated funds, which have been momentum-trading a rapidly deteriorating technical picture.

May 06 - ThyssenKrupp sees room for EU agreement on Tata Steel deal 
ThyssenKrupp said on Sunday it still saw scope for agreement with European antitrust regulators on a planned joint venture with Tata Steel despite a Financial Times report that Brussels was likely to block the deal. Tata Steel and ThyssenKrupp have proposed combining their steel operations in Europe to form the region's second-biggest steelmaker. However, the landmark deal has not yet been approved because of concerns about its impact on competition.

May 06 - Speculators switch to net long position in COMEX gold - CFTC 
Hedge funds and money managers switched to a net long position in COMEX gold in the week to April 30, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also trimmed their net short position in silver and increased their bearish bets on copper during the week, the data showed.

May 06 - Zambia's finance minister says tax reforms needed to cut debt 
Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday. The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately needs.

May 06 - Singapore's SGX mulls triple listing of steel derivatives 
Singapore Exchange Ltd (SGX) is considering a triple listing of steel derivatives, aiming to offer investors easier access to the highly fragmented ferrous market via a single platform, a senior executive said. The listings would create a "virtual steel mill" designed to help investors gain exposure to market activity in China, the world's top steel producer and consumer.

May 06 - Five things to watch for during LME Asia Week 
LME Asia Week, London Metal Exchange's Hong Kong gathering of executives, traders and brokers, kicks off on Monday. Here are five themes attendees will be seeking information on over two days of seminars, meetings and receptions, before a black-tie dinner rounds off the annual event.

May 06 - U.S. seeks to challenge China's electric-vehicle supply chain dominance 
A U.S. senator plans to introduce legislation on Thursday to streamline regulation and permitting requirements for the development of mines for lithium, graphite and other electric-vehicle supply chain minerals, part of a plan to offset China's dominance in the space. While Tesla Inc, Volkswagen AG and other electric-focused automakers and battery manufacturers are expanding in the United States, they are reliant on mineral imports without a major push to develop more domestic mines and processing facilities.

May 03 - Tesla expects global shortage of electric vehicle battery minerals - sources
Tesla Inc expects global shortages of nickel, copper and other electric-vehicle battery minerals down the road due to underinvestment in the mining sector, the company's global supply manager for battery metals told an industry conference on Thursday, according to two sources. The company, a major minerals consumer, has rarely talked publicly about its views on the metals industry. Copper, nickel, lithium and related minerals are key components used to make electric-vehicle batteries and other parts.

May 03 - Five things to watch for during LME Asia Week
LME Asia Week, London Metal Exchange's Hong Kong gathering of executives, traders and brokers, kicks off on Monday. Here are five themes attendees will be seeking information on over two days of seminars, meetings and receptions, before a black-tie dinner rounds off the annual event.

May 03 - Gold poised for gains as global markets brace for turmoil - poll
A slowing global economy, stock market turmoil, delays to interest rate rises and potential U.S. dollar weakness are expected to boost average annual gold prices to their highest since 2013, a Reuters poll found. Gold will average $1,322 an ounce this year and $1,369 in 2020, the median forecasts returned by the poll of 34 analysts and traders showed.

May 03 - Mine versus lab: how green is your diamond?
Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors. The U.S. Federal Trade Commission, which investigates allegations of deceptive advertising, sent warning letters to eight lab-grown diamond companies at the beginning of April. 

May 03 - Struggling junior miners woo investors to fund exploration projects
Junior miners, struggling to fund exploration as institutions seek lower risk and better returns from larger rivals and newer industries, sought to sell potential investors on projects on Thursday, with mixed success. The proliferation of index funds, sluggish gold price growth and a shift into cannabis and cryptocurrencies by risk investors has left junior miners short of funding.

May 03 - Brazil's Vale asks court for inspection firm documents on burst dam
Brazilian miner Vale SA, the world's biggest iron ore producer, has taken legal action to force a German inspection firm to provide documents on its services for the Brumadinho dam that could help to establish who was responsible for the disaster. TÜV SÜD audited the tailings dam before its collapse in January which killed nearly 300 people.

May 03 - British Steel seals deal to buy Ascoval plant in France
British Steel won approval from a French court to buy the Ascoval steel mill in northern France, in a deal that should help save jobs at the site and allow British Steel to expand in Europe as Brexit concerns weigh on its domestic market. The fortunes of the British steelmaker have recovered under private investment firm Greybull Capital, which specialises in turning around struggling businesses.

May 02 - Central bank binge buying fuels red-hot gold demand - WGC
Strategic buying by central banks helped push global gold demand up 7 percent in the first quarter of 2019, the World Gold Council (WGC) said on Thursday. Central banks seeking to diversify their reserves bought a total of 145.5 tonnes of gold over the January-March period, the WGC said in its latest quarterly demand trends report.

May 02 - Iamgold CEO expects more buyout deals in gold industry
The gold industry is likely to see an increase in buyout deals in the near future as miners fight to attract a shrinking pool of investment capital, the chief executive of Canada's Iamgold Corp said on Wednesday. The industry's buyout frenzy was sparked earlier this year when Barrick Gold Corp and Newmont bought Randgold Resources and Goldcorp, respectively, deals that created the world's two largest gold producers.

May 02 - Weddings, lower prices could lift Indian gold demand in June qtr - WGC
India's gold demand is expected to rise in the June quarter from a year ago due to a higher number of auspicious days for weddings and a fall in local prices ahead of a key festival, the World Gold Council said on Thursday. A rise in consumption by the world's second-biggest gold consumer could help global prices, currently hovering near a 4-month low, but could widen India's trade deficit and put pressure on the rupee.

May 02 - Wesfarmers bets on electric cars with $544 mln bid for Australian lithium miner Kidman
Australian retail conglomerate Wesfarmers Ltd offered A$776 million ($544 million) to buy lithium miner Kidman Resources Ltd on Thursday, its second bid in two months to deepen its exposure to high-tech minerals. The offer, which has the backing of Kidman's board and major shareholders, was pitched at a 47 percent premium to Kidman's last closing price and the stock soared to just below the A$1.90 offer price at the start of trade.

May 02 - Indian zinc miner sees output rebounding in 2019/20 financial year
India's Hindustan Zinc Ltd (HZL) (HZL), the world's second largest zinc miner, expects its output to grow in 2019/20 after a drop in the previous financial year, a senior executive said, a move that could put pressure on global prices. The company's refined zinc production fell 12 percent in 2018/19 to 696,000 tonnes due to the closure of its open cast mines, prompting a switch to underground mines. The company did not give a figure for the expected output rise in 2019/20.

May 02 - Australia's St George Mining in talks with Chinese battery maker
St George Mining Ltd is in talks with a Chinese battery manufacturer that is interested in buying a stake in the Australian nickel producer, Executive Chairman John Prineas said on Wednesday. The interest from the Chinese company, which Prineas declined to identify, underscores the massive appetite for minerals used to make electric vehicle batteries. Nickel is a key ingredient used to make battery cathodes.

May 02 - Copper to creep higher in coming months as China recovers - poll
Copper prices are expected to extend their rebound in coming months as recovering demand in top metals consumer China and mine disruptions create a larger than expected deficit, a Reuters poll showed. Benchmark London Metal Exchange copper bounced off an 18-month low touched in early January, climbing to a nine-month peak in mid-April, although the rally has faltered since then.

May 02 - As Canada's Lucara Diamond seeks new mines, tech fuels growth
Lucara Diamond Corp, which has recovered two of the largest diamonds in recent history, is turning to technology to ensure growth in an industry where new mine acquisitions remain elusive. For the Vancouver-based junior miner, that means using advanced technology like sorting based on atomic density to boost value from its Karowe mine in Botswana, and also diversifying away from mining into an online diamond sales platform.

May 02 - British Steel gets 120 mln pound state loan to cover EU carbon costs
Taxpayers will lend British Steel around 120 million pounds ($157 million) to enable Britain's second largest steelmaker to comply with the European Union's Emissions Trading System (ETS) and avert a fine. British Steel told the government earlier this year it would not be able to meet an April 30 deadline due to the absence of 2019 free permits, which have not been issued yet due to Brexit negotiations.

May 01 - China's metals imports robust despite macro doubts: Andy Home
Industrial metal markets are taking a breather as they await tangible evidence that China's latest stimulus package is feeding through to a flagging manufacturing sector. April's purchasing managers indices, weaker than expected but still just in expansion territory, mean the collective guessing game continues. 

May 01 - Newmont Goldcorp suspends payments to villages near Mexico's largest gold mine
Newmont Goldcorp Corp said on Tuesday it had suspended payments and social programs to workers, suppliers, and villages around its Mexico's largest gold mine in response to a blockade by a contractor and members of one of the 25 communities. Newmont Goldcorp on Monday suspended operations at the Penasquito mine because of the month-long blockade. 

May 01 - Australia iron ore exports rebound in April, but not enough: Russell
Australia's iron ore exports rebounded in April after being hit by a cyclone the prior month, but the surge in shipments wasn't enough to offset declining volumes from Brazil in the wake of January's tailings dam disaster. Australian exports were about 69.1 million tonnes in April, according to preliminary figures compiled by Refinitiv, based on vessel-tracking and port data.

May 01 - Vale minority shareholders elect independent member to board
Minority shareholders of Brazilian iron ore miner Vale SA succeeded in electing a representative to the board of directors at the company's shareholder meeting on Tuesday, a person who attended the meeting told Reuters. Independent member Patricia Bentes was elected under a new cumulative voting system instead of a single vote to approve all names proposed by controlling shareholders. 

May 01 - Agarwal votes against Anglo American board appointment
Billionaire Anil Agarwal voted against Anglo American's appointment of a new Brazilian board member, saying the focus should be on South Africa, in a clash between the company's biggest shareholder and the board. Marcelo Bastos, whose appointment as a non-executive director was announced in March, has more than 30 years of operational and project experience in mining, particularly throughout South America. He was backed by 74 percent of shareholder votes, Anglo American said in an email.

May 01 - Royalties for lithium to be set case by case in Chile - minister
Chile's mining minister Baldo Prokurica said royalties for the ultralight battery metal lithium would be set on a "case-by-case" basis from now on, using a negotiation model similar to that used with top producers in Chile's Atacama salt flat. State development agency Corfo struck deals with top miners SQM and Albemarle in previous years that set a sliding scale for royalties, depending on the price of the metal. 

May 01 - S.Africa's Sibanye shaft declared safe, miners brought to surface
South Africa's Sibanye-Stillwater said on Tuesday it had hoisted most of the miners from one of its Rustenburg mine shafts following concerns it had been damaged and would prevent 1,800 employees from surfacing. Sibanye said 1,500 miners out of the 1,800 that were working the shift had already been brought to the surface and the remaining miners were gradually being hoisted after an inspection confirmed it was safe.