Base & Precious Metals News

Jan 21 - Funds buy into copper as trade war uncertainty lifts: Andy Home
New year, new trade deal. The Phase 1 agreement signed by the United States and China may raise as many questions as it answers, but it does at least dispel some of the global trade uncertainty weighing on base metal prices. It's certainly been enough to buoy copper, which spent much of last year under selling pressure from funds looking for a metallic trade-war trade

Jan 21 - China's refined copper, lead and zinc output hit record highs in December
China's refined copper output rose 11.6% year-on-year in December to a monthly record high of 930,000 tonnes, data released by the National Bureau of Statistics (NBS) showed on Monday. The total was also up 2.3% from November, which had set the previous record. 

Jan 21 - Copper market in 33,000 tonnes deficit in Oct 2019 – ICSG
The global world refined copper market showed a 33,000 tonnes deficit in October, compared with a 89,000 tonnes deficit in September, the International Copper Study Group (ICSG) said in its latest monthly bulletin. For the first 10 months of the year, the market was in a 439,000 tonnes deficit compared with a 345,000 tonnes deficit in the same period a year earlier, the ICSG said.

Jan 21 - Russia's Mechel won't buy back stake in Elga coal mine
Russian steel and coal producer Mechel has decided not to buy back a stake in its biggest asset, the Elga coal mine in Russia's far east, its creditor Gazprombank, which has held the stake since 2016, said on Tuesday. Mechel is engaged in talks with its creditors about restructuring $6 billion in loans. 

Jan 21 - Australia's Western Areas wins contracts to supply nickel to BHP unit, Jinchuan
Australian nickel miner Western Areas on Tuesday said it has won new contracts to supply high grade concentrate from its Forrestania operations to BHP unit Nickel West China's Jinchuan Co Ltd. The new contract with Nickel West is for three years, starting Feb. 1, supplying 10,000 tonnes of nickel in concentrate per year, Western Areas said in a statement.

Jan 21 - Lithium Americas moves closer to Nevada mine approval
U.S. regulators have moved a step closer toward approving Lithium Americas Corp's Nevada mine for the white metal, launching a review process that could result in final permits to build by 2021. The step comes as U.S. politicians have been pushing for increased domestic mining of specialized minerals. Lithium is used to make lithium-ion batteries for electric vehicles. 

Jan 21 - GFG Alliance to group aluminium assets into new firm based in Paris
London-based conglomerate GFG Alliance plans to merge its aluminium assets into a new company, ALVANCE, headquartered in Paris, it said on Monday. The privately-held GFG Alliance, which holds the family interests of British commodities tycoon Sanjeev Gupta, said last October it was merging its steel operations ahead of a possible listing. 

Jan 21 - Glencore, Merafe could cut up to 665 jobs at South African smelter
Joint venture partners Glencore and Merafe Resources could cut up to 665 jobs at their Rustenburg ferrochrome smelter in South Africa because of problems including power cuts and rising electricity tariffs. The potential job cuts highlight the risks posed to Africa's most industrialised economy by struggling state power utility Eskom, which is battling breakdowns at its creaking coal-fired power plants and is mired in a financial crisis.

Jan 20 - New York will remain closed today due to Martin Luther King Day.

Jan 20 - China publishes new standards for copper and aluminium scrap
China's market regulator published new standards for high-grade copper scrap and aluminium scrap metal on Sunday, shedding some light on what material will be allowed into the country from the second half of this year. Details of the new standards, which take effect on July 1, have been highly anticipated by metals traders eager to know if they will still be able to ship their scrap into China, the world's biggest metals consumer, as it bolsters its environmental crackdown on imports of solid waste. 

Jan 20 - "There's no metal": Record-breaking palladium races higher
A squeeze in ready availability of automotive metal palladium has driven up already record-high prices by 25% in just two weeks, accelerating a four-year rally and stoking expectations for further gains, analysts said. A long-term supply deficit has led prices of the metal, used mainly in engine exhausts to curb harmful emissions, to double over the last year. 

Jan 20 - Low inventories to frustrate zinc bears
Historically low stocks of zinc in London Metal Exchange registered warehouses are likely to fuel price volatility and confound those investors looking at an oversupplied market and expecting significantly lower prices. Stocks of zinc in LME warehouses are close to 20-year lows at around 50,000 tonnes, having been on a downtrend since October 2015 when mining giant Glencore shut 500,000 tonnes of capacity because of low prices.

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

Jan 20 - Tokyo Steel to hold product prices steady for 4th straight month
Tokyo Steel Manufacturing Co Ltd said on Monday it would keep steel product prices unchanged for a fourth straight month in February, as it awaited confirmation that a recovery in steel markets would continue both at home and abroad. Japan's top electric-arc furnace steelmaker held prices steady for all of its steel products in January, including its main H-shaped beams. 

Jan 20 - Outokumpu says Q4 profit better than expected
Finnish stainless steel maker Outokumpu said on Monday its October-December core operating profit would be better than expected due to positive raw material impacts, including improved raw material efficiency and hedging. Outokumpu said its fourth quarter adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) would be around 70 million euros ($77.7 million). 

Jan 20 - Australia's Orocobre signs lithium supply deals with Chinese firms
Australia's Orocobre Ltd said on Monday that two contracts were signed for the supply of battery grade lithium carbonate to Chinese cathode manufacturers from its flagship Olaroz Lithium project. The Olaroz project in Argentina is a joint venture between Orocobre, Japan's Toyota Tsusho Corp, and Jujuy Energia y Minera Sociedad del Estado, a mining investment firm owned by the local government. 

Jan 20 - Fanya indium stockpile sold to Kunming Rongke for $416 mln in China auction
A vast stockpile of the indium formerly held by China's Fanya Metal Exchange was sold on Saturday, in a second attempt, as Kunming Rongke New Materials bid around $416 million for the hoard. The fate of the 3,609.46 tonnes of indium – several years’ worth of global supply of the metal used in flat-panel displays - was being closely watched by minor metals traders and Fanya creditors seeking to recover their money after the bourse collapsed in 2015.

Jan 17 - China's annual aluminium output slips for first time in decade
China's annual aluminium production fell for the first time in 10 years in 2019, official data showed on Friday, hit by softer demand amid the Sino-U.S. trade row and large-scale smelter outages. Aluminium output dropped to 35.04 million tonnes last year, down 0.9% from record levels a year earlier, the National Bureau of Statistics (NBS) reported.

Jan 17 - China 2019 crude steel output jumps 8.3%, sets 2nd straight annual record
Crude steel production in China climbed to a record just shy of 1 billion tonnes in 2019, boosted by a resilient property market and robust demand as Beijing beefed up infrastructure spending in a bid to weather a slowdown in economic growth. The world's biggest steelmaker churned out 996.34 million tonnes of crude steel in 2019, up 8.3% from 2018's previous record, data from the National Bureau of Statistics showed on Friday. 

Jan 17 - Rio Tinto's full-year iron ore shipments drop on disruptions from cyclone and fire
Rio Tinto on Friday posted a 3% drop in iron ore shipments in 2019 as the Anglo-Australian miner's operations faced disruptions due to cyclone and a fire at a port facility. Iron ore shipped from Australia's Pilbara region in 2019 was 327.4 million tonnes, the company said, well within its forecast of 320 million tonnes to 330 million tonnes.

Jan 17 - Higher Nevada production pushes up Barrick Gold's gold output forecasts
Canadian miner Barrick Gold Corp's fourth-quarter gold production estimates came above analysts' expectations on Thursday, as its Nevada Gold Mines joint venture with Newmont Corp yielded more of the precious metal. The company said it expects the joint venture - the world's biggest gold complex - to produce 585 million ounces of gold for the three months ended Dec. 31.

Jan 17 - Lynas says lawsuit filed challenging Malaysian rare earths plant renewal
Australia's Lynas Corp Ltd said on Friday that three individuals had filed a court case in Malaysia challenging the local government's decision to renew the rare earths miner's operating licence last year. Lynas, Malaysian Prime Minister Mahathir Mohamed, 27 other ministers and cabinet members, and the country's Atomic Energy Licensing Board were among those named as respondents in the lawsuit, Lynas said.

Jan 17 - LME stock surge grounds high-flying nickel, but for how long? Andy Home
Nickel, the best performer among the base metals last year, is currently getting a reality check in the form of surging exchange stocks. London Metal Exchange (LME) inventory has more than doubled in the space of little more than a month, with almost 120,000 tonnes of metal flooding into registered warehouses. 

Jan 17 - Kirkland's C$4.4 bln bid for Detour wins backing from proxy advisory firms
Kirkland Lake Gold Ltd's C$4.4 billion ($3.4 billion)all-stock offer to buy rival Detour Gold Corp has won backing from two influential proxy advisory firms on grounds the target's shareholders would reap benefits from a larger company, bolstering chances of the deal going ahead. Detour Gold said on Thursday that Glass Lewis & Co and Institutional Shareholder Services Inc recommended shareholders vote for in favor of the takeover, which Kirkland has said will generate up to $100 million in annual savings and add 600,000 ounces to its annual capacity.

Jan 17 - Sibanye cuts fewer jobs than planned in Marikana restructuring
South African miner Sibanye-Stillwater said on Thursday it has concluded a consultation process that reduced the number of proposed job cuts as it restructures the loss-making Marikana operations it acquired last year. In September, Sibanye said it planned to cut around 5,270 jobs, or about 6% of its workforce, as part of a restructuring process aimed at returning the mine to profit and protecting its remaining shafts. 

Jan 17 - Peruvian mining minister says lithium mining regulation 'ready this year'
Peruvian energy and mining minister Juan Carlos Liu said on Thursday he was confident Peru would have regulations for the exploitation of lithium ready in the coming year. Canada's Plateau Energy Metals announced in 2018 that it had found 2.5 million tons of high-grade lithium resources and 124 million pounds of uranium in its Falchani deposit in the Peruvian region of Puno.

Jan 16 - China to buy rare earths from U.S. as part of trade pact
China has agreed to buy two types of rare earth metals from the United States as part of an initial trade deal inked on Wednesday, a move likely to boost U.S. production of the strategic minerals. The agreement, signed in Washington by Chinese Vice Premier Liu He and U.S. President Donald Trump, gives China two years to ramp up purchases of hundreds of U.S. products, including scandium and yttrium, two of the 17 rare earths commonly used in lighting and computers. 

Jan 16 - Barrick Gold forges ahead on Papua New Guinea mine in face of local backlash
Barrick Gold Corp is set to elevate its troubled Papua New Guinea mine to its top-tier assets, despite landowner and government demands to cede a larger stake and deteriorating security at the joint venture with China's Zijin Mining. With a 20-year lease renewal application in the balance, Barrick has faced backlash from Papua New Guinea (PNG) landowners and residents. Critics say the Porgera mine has polluted the water supply and created other environmental and social problems, with minimal economic returns for locals.

Jan 16 - Bolivia's new lithium tsar says country should go it alone
The new chief of Bolivia's state-owned lithium company YLB plans strict limits on foreign investment in extraction and processing of the white metal key to electric vehicle batteries, he told Reuters in his first interview with international media since taking the reins this month. Juan Carlos Zuleta, a lithium expert who has worked in Chile and Bolivia, said a deal with a German firm that was aborted last year would remained shelved, while another with a Chinese partner was being reassessed.

Jan 16 - Race to refine: the bid to clean up Africa’s gold rush
In a refinery just outside Uganda's main airport, workers slip bars of freshly refined gold into clear plastic bags sealed with a sticker of the national flag - black, yellow and red - and the label "Ugandan's Treasure." Uganda produces little gold of its own. Alain Goetz, who set up the refinery, says that by branding gold from abroad as Ugandan, the operation is merely imitating others - for example, the Swiss don't mine the gold they refine in Switzerland. 

Jan 16 - Chile regulator says lithium miner SQM compliance plan adequate, appeals lower court decision
Chile's environmental regulator on Wednesday defended in court its approval of a plan by top lithium miner SQM to remediate damage to the Atacama salt flat, appealing a lower court decision to scrap the agreement and setting the stage for a new and prolonged legal battle. Chile's Environmental Superintendent (SMA) blessed SQM's $25 million compliance plan in 2019 after a multi-year investigation that found SQM had over-drawn lithium-rich brine from the salt flat. 

Jan 16 - Australia's South32 posts drop in manganese output, cuts trucking costs
Diversified miner South32 Ltd said on Thursday its manganese ore production slipped in the second quarter and it has managed to cut its trucking costs in South Africa amid lower commodity prices. The company, which also operates in Brazil, said its manganese output fell to 1.40 million wet metric tonnes (wmt) in the December quarter from 1.44 million wmt a year earlier, but was roughly in line with the UBS estimate.

Jan 16 - Congo opens Chinese-owned Deziwa copper and cobalt mine
The Democratic Republic of Congo's state mining company Gécamines on Wednesday opened the Deziwa copper and cobalt mine and processing plant, part of a joint venture majority-owned by China Nonferrous Metal Mining Company (CNMC). The Deziwa deposit, around 35 kilometres east of Kolwezi, is estimated to hold 4.6 million tonnes of copper and 420,000 tonnes of cobalt. 

Jan 16 - Ecuador sends first export of copper concentrate from Chinese-owned Mirador mine
Ecuador made its first export of 22,000 tons of copper concentrate from the Chinese-owned Mirador mining project, marking a new milestone in market-friendly President Lenin Moreno's effort to develop the country's large-scale mining industry, the energy ministry said on Wednesday. Ecuador, an Andean country neighboring No. 2 copper producer Peru, has large mineral reserves but is only beginning to establish industrial-scale mining projects.

Jan 15 - Australia's Fortescue eyes modest 2020 growth for Chinese steel output
China's steel production is expected to grow only modestly this year, driven by rising urbanization and Belt and Road Initiative projects, Australia's Fortescue Metals Group chief executive Elizabeth Gaines said on Wednesday. Gaines, who heads the world's No. 4 iron ore producer, said she expected China to produce around a billion tonnes of steel in 2019, with Chinese data showing 7% growth for the first 11 months of the year.

Jan 15 - Another spin of the giant LME aluminium stocks carousel: Andy Home
The giant London Metal Exchange (LME) aluminium stocks carousel is spinning again. LME-registered inventory surged by 58% to a two-year high of 1.49 million tonnes between the middle of November and the middle of December as 600,000 tonnes of metal flooded into exchange warehouses. No sooner had it arrived than the cancellations started. A total 633,675 tonnes have been earmarked for physical load-out since Dec. 16, including another 35,075 tonnes on Monday. 

Jan 15 - Global copper smelting activity creeps up in December - satellite index
Global refined copper production edged higher in December, according to an index based on satellite surveillance of copper plants. Copper smelting activity in China, however, hit new lows for the year in the second half of the month, the index data released on Tuesday showed.

Jan 15 - Endeavour Mining drops takeover bid for Centamin due to lack of information
Endeavour Mining abandoned its 1.5 billion pound ($1.9 billion) pursuit of gold miner Centamin on Tuesday, citing a lack of information on its target while Centamin maintained the proposal was too low. Emboldened by rising commodity prices, the gold industry has seen a flurry of deals since the end of 2018 as companies attempt to squeeze value from operations after years of subdued activity and low returns.

Jan 15 - Chile's Codelco says uncovered $22 mln insurance fraud involving unions
Chile's state-owned Codelco, the world's largest copper producer, said on Tuesday it had filed a lawsuit over an alleged scam in insurance contracts drawn up by unions for workers at its Chuquicamata and Radomiro Tomic mines. The firm said in a statement that inflated premiums for life and personal accident insurance had cost $22 million between 2005 and 2018, half of which had been borne by the company and half by its workers. 

Jan 15 - Iran's metals under new U.S. sanctions
The United States sanctioned 17 Iranian metals producers and mining companies on Friday but the impact to global supply would be minimal as the country is not a major producer, analysts say. Treasury Secretary Steven Mnuchin said the sanctions, which are in addition to those imposed in May 2009, were as a result of Iran's attack on U.S. troops in Iraq last week.

Jan 15 - Hochschild Mining cuts 2020 gold production outlook
Precious metals miner Hochschild Mining expects total gold production in 2020 to be lower than expected even as it reported better-than-anticipated output in 2019, boosted by record production at its Inmaculada mine in southern Peru. Hochschild, which operates two mines in southern Peru and one in Argentina, said it expects to produce 422,000 gold equivalent ounces in 2020, lower than its earlier forecast of 432,000 gold equivalent ounces.

Jan 15 - Australian Vanadium signs agreement with Chinese steelmaker for potential purchases and investment
Australian Vanadium Ltd (AVL) said on Wednesday it penned a non-binding agreement with a unit of steelmaker HBIS Group Chengsteel that could see the Chinese firm buy vanadium and invest in the Perth-based firm's flagship project. AVL signed a letter of intent with Hebei Yanshan Vanadium and Titanium Industry Technology Research Co Ltd that will allow both companies to negotiate a binding agreement for the sale of vanadium products. 

Jan 15 - Anglo Asian's Azerbaijan gold output declines 4% in 2019
Azerbaijan's leading gold mining company, Anglo Asian Mining Plc, said on Tuesday its gold output declined 4% in 2019 to 70,098 ounces from 72,798 ounces in 2018. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.

Jan 14 - China Dec copper imports hit highest since March 2016; annual shipments fall
China's unwrought copper imports rose 9.1% in December from the previous month to their highest since March 2016, customs data showed on Tuesday, as improving industrial activity and dwindling scrap metal supply lifted demand. Imports of unwrought copper, including anode, refined and semi-finished copper products into China, the world's biggest copper consumer, stood at 527,000 tonnes last month, data from the General Administration of Customs showed. 

Jan 14 - China steel mills cut back on high-grade iron ore as margins slump
China's appetite for high-grade iron ore this winter looks set to drop from the peaks hit in recent years as steel mills try to cut costs and prop up profit margins weighed down by the nation's slowing economy, industry sources said. Demand for high-grade iron ore, which produces more molten iron than the same amount of lower grades of the steelmaking raw material, typically climbs from November to March, when China's winter anti-smog campaign forces smokestack industries to curtail output and use cleaner inputs to help clear the air. 

Jan 14 - China's 2019 iron ore imports rise to second-highest ever
China's iron ore imports rose 0.47% in 2019 to hover just below their all-time annual peak, fuelled by strong demand at steel mills and a second-half recovery in shipments from big miners after disruptions earlier in the year. The world's top steel producer brought in 1.069 billion tonnes of iron ore in 2019, rising from 1.064 billion tonnes a year earlier, data from the General Administration of Customs showed on Tuesday. 

Jan 14 - Codelco may not renew copper supply deal with troubled Chinese smelter - sources
Top copper miner Codelco may not renew an agreement to supply copper concentrate to China's Shandong Fangyuan for 2020 because of financial problems at the private smelter, three sources with knowledge of the matter said. Copper smelters in China are battling razor-thin margins and sliding profits brought on by low treatment charges paid by miners for converting concentrate into refined metal.

Jan 14 - China rare earth exports rebound in Dec, but annual shipments lowest since 2015
China's rare earth exports bounced back in December from a four-and-a-half-year low the previous month as buyers ramped up purchases ahead of the Lunar New Year holiday, though annual shipments still sank to their lowest in four years, hit by weaker global manufacturing demand. China, the world's dominant producer of rare earths - a group of 17 minerals used in consumer electronics and military equipment - exported 3,657 tonnes of the material in December, data from the General Administration of Customs released on Tuesday showed. 

Jan 14 - China's commodity appetite robust in 2019, undimmed by trade dispute: Russell
China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States. The exception was coal, but December's paltry imports of the polluting fuel were the result of cargoes not being cleared by customs in response to Beijing's wishes to put a cap on purchases from overseas.

Jan 13 - As metal trade shrinks, exchanges fight back with new products: Andy Home
Base metals trading volumes shrank on all three major global exchanges last year as trade war uncertainty and range-bound markets dampened speculative activity. 'Doctor Copper' has long been a favourite metallic play among punters and sliding volumes were symptomatic of a sector that was largely out of favour with the money men. 

Jan 13 - India's NMDC lined up to mine multibillion-dollar diamond deposit
State-owned Indian miner NMDC is poised to win a multibillion-dollar contract to explore and mine diamonds at a large project abandoned by global miner Rio Tinto, a leading local government official told Reuters. The central state of Madhya Pradesh has asked NMDC to explore the Bunder deposits, which could contain millions of carats of diamonds, Neeraj Mandloi, principal secretary at the state's Mineral Resource Department, told Reuters on Friday.

Jan 13 - U.S. imposes more sanctions on Iran after missile attacks in Iraq
The United States imposed more sanctions on Iran on Friday in retaliation for its missile attack on U.S. forces in Iraq this week and vowed to tighten the economic screws if Tehran continued "terrorist" acts or pursued a nuclear bomb. The targets of the sanctions included Iran's manufacturing, mining and textile sectors as well as senior Iranian officials who Washington said were involved in the Jan. 8 attack on military bases housing U.S. troops.

Jan 13 - Norsk Hydro to get boost from trend towards low-carbon construction
Metals maker Norsk Hydro expects its sale of low-carbon aluminium made from recycled drink cans and other scrap to more than double this year and to further increase in 2021 and beyond, the Norwegian company told Reuters. While overall global aluminium demand is largely stagnant, the company found that property developers in Europe, North America and elsewhere are increasingly willing to pay more for metal that can help to lower their carbon footprint.

Jan 13 - Australia's Coronado halts operations at mine after worker death
Metallurgical coal producer Coronado Global Resources said on Monday it had suspended operations at its only mine in Australia after a worker was killed there.
The employee who worked for Thiess, the mining services provider and unit of CIMIC Group, died in an incident at the mine on Sunday afternoon, Coronado said in a statement, without elaborating. 

Jan 13 - Thyssenkrupp explores steel merger with Salzgitter - Der Spiegel
Thyssenkrupp is considering reviving plans for a steel merger with smaller German peer Salzgitter, magazine Der Spiegel reported on Friday, not citing where it obtained the information. The report said that Thyssenkrupp Chief Executive Martina Merz and her counterpart at Salzgitter, Heinz Joerg Fuhrmann, are due to meet soon on the matter, which has surfaced regularly in recent years but failed to materialise.

Jan 13 - Brazil pushes plans for mining on tribal lands to European diplomats
Brazil's government on Friday said it was pushing ahead with plans to allow mining on tribal lands, briefing European diplomats on proposals that have drawn criticism from indigenous advocates in Brazil and overseas. Mining and Energy Minister Bento Albuquerque told the diplomats that "significant leadership" from native communities had asked for the opportunity to mine on their lands, according to a public statement on the ministry's website.

Jan 13 - Polish coal producer JSW to tap its contingency fund to finance investments
Poland's JSW, the EU's biggest coking coal producer, will use 700 million zlotys ($183 million) from its contingency fund to expand coking coal production and other investments, its CEO said on Friday. State-run JSW, which also produces thermal coal, almost collapsed in 2015 when coal prices slumped and labour costs rose. In 2018 it set up a special fund to put aside cash to help cope with difficult times.

Jan 10 - Sudan opens up gold market in bid to raise revenue
Sudan has begun allowing private traders to export gold, a measure designed to crack down on smuggling and attract foreign currency into the country's cash-strapped treasury. Until now Sudan's central bank has been the sole body legally allowed to buy and export gold and set up centres to buy the metal from small-scale miners. 

Jan 10 - Venezuela's Guaido seeks EU 'blood gold' designation for informal mining
Venezuelan opposition leader Juan Guaido on Thursday urged the European Union to officially label as "blood gold" the precious metal informally mined in the country's southern jungles as he seeks to increase pressure on the government of President Nicolas Maduro. Maduro's government since 2016 has supported artesanal mining in the Venezuelan Amazon to bring in revenue amid an economic crisis, an effort that expanded as Washington increased sanctions meant to force the ruling Socialist Party from power.

Jan 10 - United Steelworkers sues EPA over weakening of chemical safety rule
The United Steelworkers sued the U.S. Environmental Protection Agency in federal court on Thursday in a bid to reverse its gutting of a safety rule at chemical plants, the union said. The largest U.S. industrial union's lawsuit in the U.S. Court of Appeals for the District of Columbia adds to previous litigation against the rollback of Obama-era chemical safety rules. 

Jan 10 - Sibanye-Stillwater boosts stake in DRDGOLD to 50%
South African gold producer Sibanye-Stillwater has exercised an option to acquire an additional 12% interest in DRDGOLD, bringing its total stake to 50.1%, the smaller miner announced on Friday. The transaction marks the single largest investment ever made by an individual shareholder in DRDGOLD, its chief executive Niel Pretorius said in a statement. 

Jan 10 - China court to re-auction Fanya indium at same asking price
A Southwest China court on Thursday announced a re-run of an auction of minor metal indium that was formerly held by the Fanya Metal Exchange, after the initial attempt at a sale drew no bids - but did not reduce its asking price. The fate of the 3,609.46 tonnes of indium - equivalent to about five years of global supply of the silvery metal used in flat-panel displays - is being closely watched by minor metals traders and Fanya creditors seeking to recover their money after the bourse collapsed in 2015.

Jan 09 - Brazil prosecutor aims to charge Vale within days over mining waste dam disaster
A Brazilian state prosecutor expects to bring criminal charges "in the next few days" against miner Vale over a mining waste dam collapse that killed at least 259 people, even as the prosecutor's federal counterpart continues to investigate the case. Andressa de Oliveira Lanchotti, coordinator for the task force of state prosecutors investigating the disaster, told Reuters they expect to indict 15 to 20 people, including executives from Vale and employees from German inspection firm TÜV SÜD - as well as the companies themselves. 

Jan 09 - Indonesia approves environmental study for battery-grade nickel plants - minister
Indonesia has approved environmental impact studies for factories to produce battery-grade nickel chemicals in Morowali, Coordinating Minister of Maritime and Investment Affairs Luhut Pandjaitan said on Wednesday. The approval will allow investors, such as China's stainless steel giant Tsingshan Group, to continue the construction of their high-pressure acid leaching plants in Morowali, Central Sulawesi. 

Jan 09 - Crisis-hardened markets have learned to look past military flare-ups
Iran's missile attack on U.S. army bases in Iraq overnight sent gold blasting above $1,600 an ounce, boosted the Japanese yen by almost 1% and oil by $3 a barrel. But it took just hours for that safe-haven dash to fade and for world equities to resume their climb.

Jan 09 - Australia's Port Hedland iron ore shipments to China jump 12% in Dec - Pilbara Ports
Iron ore shipments in December to China from Australia's Port Hedland terminal, the world's biggest iron ore port, rose more than 12% from a month earlier, port data showed on Thursday. Shipments to China totalled 41.4 million tonnes last month, up from 36.9 million tonnes in November, the Pilbara Ports Authority said.

Jan 08 - Perth Mint's December gold sales hit 3-year peak
The Perth Mint's gold product sales in December rose 45% from the previous month and to their highest in more than three years, the refiner said on Wednesday. Sales of gold coins and minted bars in December climbed to 78,912 ounces - their highest since October 2016, and surged about 170% from the same month last year, the mint said in a blog post. 

Jan 08 - Italian court eases the way for Ilva talks between government and Arcelor
An Italian court ruled on Tuesday that one of three blast furnaces at ArcelorMittal's Ilva steel plant need not be shut down despite concerns it was in breach of safety rules, throwing a lifeline to the loss-making plant in southern Italy. The decision overturns a previous order from a local magistrate that the furnace should be closed after the death of a worker at Europe's biggest steel plant in the city of Taranto. 

Jan 08 - Base metals hope for manufacturing recovery in 2020: Andy Home
Well, at least there was nickel. Looking back on 2019 it was nickel that provided most of the thrills and a fair share of the spills in the base metals complex. The rest of the London Metal Exchange pack was largely moribund. Full-year performances ranged from up 5% (copper) to down 15% (tin) with aluminium, zinc and lead closing December barely changed from the start of January. 

Jan 08 - Lithium developer ioneer says U.S. environmental litigation resolved
Australian lithium developer Ioneer Ltd said on Wednesday it has resolved a lawsuit by a U.S. environmental group over a rare wildflower at its proposed project in Nevada. The Center for Biological Diversity (CBD) sued U.S. regulators last year for granting ioneer permits to explore for lithium in the northern part of Nevada, arguing that the region where ioneer is operating is the main habitat for the Tiehm's buckwheat flower.

Jan 08 - Livent cuts earnings outlook on lower lithium prices
Lithium producer Livent Corp on Tuesday cut its fourth quarter and annual earnings outlook due to a downturn in prices of the battery metal, sending shares down nearly 14% in extended trading. Lithium producers such as Albemarle Corp, SQM have scaled back expansion plans as near-term oversupply and falling demand in China drag lithium prices lower, unnerving investors who are pushing the industry to focus more on profitability.

Jan 07 - Gold better hedge than oil during geopolitical tensions, says Goldman
Goldman Sachs on Monday maintained its three-, six- and 12-month forecast for gold at $1,600 per ounce, contending safe-haven bullion to be a better hedge than oil during phases of geopolitical uncertainty. "The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices," the Wall Street bank said in a note, adding under most outcomes gold is likely to rally beyond the current levels.

Jan 07 - India gold prices hit record high on safe-haven rush, weak rupee
Gold prices in India jumped over 2% on Monday to record levels amid a rush to invest in safe-haven assets globally as well as a steep fall in the rupee, dampening demand for the precious metal in the world's second-biggest consumer. Local gold futures hit an all-time high of 41,096 rupees ($570.05) per 10 grams, taking their gains to more than 5% in 2020 after rallying nearly 25% in 2019. 

Jan 07 - Canada's First Quantum shares fall after company adopts takeover defense
Canada's First Quantum Minerals Ltd fell as much as nearly 4% on Monday after the copper miner said it had adopted a poison pill takeover defense, nearly a month after China's Jiangxi Copper Co Ltd agreed to pay $1.1 billion to become the miner's largest shareholder. The move adds a potential barrier to any takeover proposal at a time analysts, bankers and miners expect to see more deals in copper, a critical ingredient in low-carbon technologies. 

Jan 07 - China Minmetals says 2019 net profit up 28.9% y/y; reserves fall
China Minmetals Corp said on Monday its net profit rose by 28.9% in 2019 and annual revenue increased by 13.4%, exceeding 600 billion yuan ($86.04 billion) for the first time. The state-owned miner and metals trader did not provide a net profit figure in the statement, which hailed a strong operating performance after its annual work conference in Beijing.

Jan 06 - India gold prices hit record high on safe-haven rush, weak rupee 
Gold prices in India jumped over 2% on Monday to record levels amid a rush to invest in safe-haven assets globally as well as a steep fall in the rupee, dampening demand for the precious metal in the world's second-biggest consumer. Local gold futures hit an all-time high of 41,096 rupees ($570.05) per 10 grams, taking their gains to more than 5% in 2020 after rallying nearly 25% in 2019.

 Jan 06 - Canada's First Quantum weighs $1 billion Zambian copper mine expansion - document 
Canadian miner First Quantum Minerals Ltd is weighing investment of around $1 billion to lift output at Africa's biggest copper mine in Zambia, a company document seen by Reuters showed, despite a feud with state miner ZCCM-IH over project funding. The investment would add a decade of life and head off production declines at the Kansanshi copper mine, increasing annual production to 300,000 tonnes over time from an expected 235,000 tonnes last year, according to a company presentation given to Zambian government officials.

Jan 06 - Gold better hedge than oil during geopolitical tensions, says Goldman 
Goldman Sachs on Monday maintained its three-, six- and 12-month forecast for gold at $1,600 per ounce, contending safe-haven bullion to be a better hedge than oil during phases of geopolitical uncertainty. "The range of potential scenarios is very large; spanning oil supply shocks or even oil demand destruction — which would be negative to oil prices," the Wall Street bank said in a note, adding under most outcomes gold is likely to rally beyond the current levels.

Jan 06 - China's Ganzhou launches rare earths exchange 
The city of Ganzhou in China's southeastern province of Jiangxi has launched an exchange for spot transactions in rare earths and minor metals, according to a report posted by the Association of China Rare Earth Industry on Thursday. The Ganzhou Rare Metal Exchange, which was launched on Dec. 31, will help boost the city's global influence and pricing power for the traded products, the report by the provincial government-run Jiangxi Daily cited Ganzhou mayor Zeng Wenming as saying.

Jan 03 - India 2019 gold imports hits 3-yr low as record high prices dent demand
India's gold imports in 2019 fell 12% from a year ago to the lowest level in three years as retail buying faltered in the second half after local prices rallied to a record high, a government source said on Friday. Lower buying by the world's second biggest consumer of the precious metal could weigh on global prices that jumped 18% in 2019, but help New Delhi bring down the trade deficit and support the rupee.

Jan 03 - China's Youngy to build lithium plant as part of $200 mln investment in Sichuan
Chinese lithium firm Youngy Co has signed a framework agreement to build a lithium ore processing plant in Sichuan province, part of a 1.4 billion yuan ($201.1 million) investment in an industrial zone there, it said on Thursday. According to a filing to the Shenzhen Stock Exchange, the deal stipulates that Youngy should process at least 1.05 million tonnes a year of spodumene from its Jiajika mine in Sichuan, China's largest deposit of the mineral. 

Jan 03 - Metals trader Gerald Group appoints third woman to board
Gerald Group has appointed Patricia Nikolopoulos as chief financial officer, the third women to join the metals trader's seven-strong board. Nikolopoulos was previously Gerald's North American finance chief and has been on the company's management committee since 2014.

Jan 02 - Chinese iron ore has stellar 2019, natural gas lags other commodities

China's iron ore futures were the best performing commodity in 2019, more than doubling in value while natural gas ranked as the biggest loser, dropping by more than a quarter. Crude oil, Malaysian palm oil, precious metals, nickel and arabica coffee were among other gainers. 

Jan 02 - China's Ganzhou launches rare earths exchange

The city of Ganzhou in China's southeastern province of Jiangxi has launched an exchange for spot transactions in rare earths and minor metals, according to a report posted by the Association of China Rare Earth Industry on Thursday. The Ganzhou Rare Metal Exchange, which was launched on Dec. 31, will help boost the city's global influence and pricing power for the traded products, the report by the provincial government-run Jiangxi Daily cited Ganzhou mayor Zeng Wenming as saying. 

Jan 02 - Golden year for precious metals as 2019 sees glistening run

Gold prices are set for their strongest annual increase since 2010, as worries over global economic health triggered a surge of interest in precious metals, while palladium soared more than 50% to record highs thanks to supply shortages. Silver and platinum, which like gold are often seen as safe investments in uncertain times, also saw their largest annual gains in several years.

Jan 02 - Chile mining activity, copper production fall in November amid protests

Chilean mining activity fell 7.1% in November, government data showed on Tuesday, plagued in part by operational issues at major mines during a tumultuous month of protests, road and port blockades and worker strikes in the South American nation. The world's top copper producer reported that production of the metal fell 6.7% in November from the same month a year earlier to 504,366 tonnes. Government statistics agency INE noted the fall in mining activity was in part due to an unfavorable basis of comparison, a reflection of strong production the previous November.

Dec 31 - Commodity3 would like to thank you again this year for the trust you have placed in us and wish you all a happy, healthy and successful new year 2020 !

Dec 20 - Pentagon to stockpile rare earth magnets for missiles, fighter jets 
The U.S. military plans to stockpile rare earth magnets used in Javelin missiles and F-35 fighter jets, according to a government document seen by Reuters, a step that critics say does little to help create a domestic industry to build specialized magnets now made almost exclusively in Asia. The Pentagon is seeking proposals to cache a rotating six-month supply of neodymium iron boron (NdFeB) magnets, a type of rare earth magnet essential to weapons manufacturing, according to the document, detailing the latest attempt to weaken China's control over the rare earths sector. 

Dec 20 - China launches gold options as prices near 6-year highs 
China, the world's top bullion producer and consumer, launched its first gold options contract on the Shanghai Futures Exchange on Friday, adding to an array of investment options for the yellow metal that saw prices hit six-year highs this year. Gold prices globally have gained about 15% so far this year and are set for its strongest annual increase since 2010, as global growth concerns and uncertainties over the U.S.-China trade war boosted its appeal as a safe-haven metal.

Dec 20 - JPMorgan metals traders under Singapore scrutiny, two more depart - sources 
Regulatory scrutiny of precious metals trading at JPMorgan Chase & Co., one of the world's largest gold brokerages, has expanded to Singapore and ensnared two more bank employees, according to people familiar with the situation. The Monetary Authority of Singapore (MAS) is looking into the bank's precious metals trading unit, three sources confirmed. A probe in the United States has resulted in criminal charges against six current and former employees of the bank. Regulators in the United Kingdom are also interested in the matter, Reuters has reported.

Dec 20 - AngloGold aims to produce 350,000–400,000 oz of gold a year from Ghana mine 
AngloGold Ashanti said it expects its Obuasi gold mine in Ghana to produce about 350,000 to 400,000 ounces per year for the first ten years, after achieving its first gold pour since it was suspended five years ago. The initial capital expenditure for the mine, which has been in the process of redevelopment since last year, remains in the range of $495 million to $545 million, the company said on Thursday.

Dec 20 - Indonesia 2019 nickel ore exports estimated at 26.7 mln T - mining official 
Nickel ore exports from top exporter Indonesia are estimated at around 26.7 million tonnes for this year, compared to the 30.83 million tonnes export quota, the mining ministry's director of minerals, Yunus Saefulhak, said on Friday. He said ore shipments up through November had reached around 25.73 million tonnes. 

Dec 20 - Brazil's Bolsonaro says bill to allow mining on native reserves ready 
Brazil's President Jair Bolsonaro said on Thursday that a bill authorizing mining on protected indigenous reserves was ready and only needed to be sent to Congress for consideration. Bolsonaro told supporters that indigenous people should also be allowed to commercially farm on reserves, a practice currently prohibited, and that native populations should be involved in a drive to expand the country's beef production.

Dec 20 - Brazil miner Vale elects new board members 
Brazil's Vale S.A., the world's largest iron ore miner, has elected two new board members, the company said in a statement on Thursday. They are Murilo Cesar Lemos dos Santos Passos, currently chairman at Tegma Gestão Logística SA and member of the boards at Odontoprev S.A., São Martinho S.A., Suzano Holding S.A. and IPLF Holding S.A.; and Roger Allan Downey, CEO of Fertimar S.A. (PrimaSea).

Dec 19 - Lynas says West Australian govt to help approvals for rare earths plant 
Australia's Lynas Corp said on Thursday its project to build a rare earths-processing plant in Kalgoorlie will get assistance on management and coordination of approvals from the Western Australia (WA) state government. The plant was awarded a so-called "lead agency" status by the WA government, which means the state, as lead agent, will assist Lynas with project advice and help it secure approvals within the project's time-frames, it said.

Dec 19 - Unexpected bump on the EV road hits battery metals: Andy Home 
It's been a tough year for electric vehicle (EV) metal bulls. The previous speculative heat surrounding any and every material that goes into an EV battery has dissipated over the course of 2019.  Two years ago the spot lithium price in China was $26 per kilogram. Today it is assessed by Fastmarkets at below $8. Cobalt, a key input for lithium-ion battery chemistry, has experienced a similar boom and bust cycle, the price of standard grade metal sliding from over $44 per lb in the second quarter of 2018 to a current $15.75.

Dec 19 - Unstoppable palladium flirts with $2,000 for first time 
Palladium prices are within a whisker of breaking above $2,000 an ounce for the first time, with a gaping supply deficit fuelling a remarkable run that has seen the autocatalyst metal more than quadruple in value since 2016.  Once the cheapest of the major precious metals, palladium, used chiefly in engine exhausts to reduce harmful emissions, is now more than twice as expensive as platinum and $500 an ounce more than gold. 

Dec 19 - China Minmetals sets up graphite unit in battery materials push 
China Minmetals Corp said on Thursday it had set up a graphite subsidiary in the northeastern province of Heilongjiang, as the state-owned miner continues its push into battery materials.  The move marks Minmetals' first foray into graphite, a form of carbon used in pencils and steelmaking and is also required to make a key component, known as the anode, of lithium-ion batteries for electric vehicles. 

Dec 19 - Zambia suspends 15% export duty on gemstones - minister 
Zambia will suspend a 15% export duty on gemstones but not diamonds from Jan. 1 after the move that was intended to raise more revenues instead undermined production, the finance minister said on Thursday. Bwalya Ng'andu told Reuters the suspension of the export duty, announced in the official gazette on Friday, was a concession to miners after the upfront tax had hurt output.

Dec 19 - Australia's Clean TeQ to supply rare earths metal to Panasonic unit 
Australia's Clean TeQ Holdings Ltd said on Thursday it entered into an agreement to supply scandium oxide, used for making high-temperature-resistant metal alloys, to a unit of Japan's Panasonic Corp. Under the offtake agreement, Victoria-based Clean TeQ will supply up to five tonnes a year of scandium oxide - a rare earths metal - from its Sunrise project in New South Wales to Panasonic Corp Global Procurement Co, once production gets underway.

Dec 19 - Brazilian regulator says Vale dam near Brumadinho is structurally sound 
A dam owned by iron ore company Vale SA that was the subject of an investigative report by a TV program last week is structurally sound and there is no reason for concern, Brazil's national mining regulator said late on Tuesday. On Friday, the program "Jornal da Band" said it had obtained documents saying that Vale's B-5 dam in the Brazilian state of Minas Gerais had cracks, and that state prosecutors had asked the firm to hire independent auditors to look into the matter. 

Dec 19 - Chile's Antofagasta seeks green light for Minnesota mine near wilderness 
Chile's Antofagasta said on Wednesday that it had kicked off the environmental permitting process for its $1.7 billion Twin Metals copper, nickel and platinum mining project in the United States after the Trump administration overturned an Obama-era decision to protect a nearby wilderness area. Antofagasta Plc said it had submitted a formal mine operation plan (MPO) to U.S. federal and state permitting agencies but expected to wait several years for a decision. 

Dec 19 - Miner Centamin says Endeavour stalling in merger talks 
Endeavour Mining will not share information vital to assessing its value until an extension to a deadline for making an offer for Centamin is agreed, London-listed Centamin said on Wednesday. Under English takeover law, Canada's Endeavour has until the end of December to make a firm offer for Centamin's assets.

Dec 18 - BHP plans 'baby steps' return to commodities trading to cut transaction risk - sources
Global miner BHP Group is feeling its way back into commodities trading, making a dedicated hire to help it manage a base metals book in Singapore as it seeks to boost returns and manage transaction risk, two people with knowledge of the matter said. The return to trading at the world's biggest listed miner for the first time since the mid-2000s will see it add trading capacity across copper, energy and iron ore divisions in what one of the people described as "baby steps".

Dec 18 - Morgan Stanley restarts its base metals business - sources
U.S. investment bank Morgan Stanley is building up its base metals trading business after abandoning it four years ago, sources familiar with the matter told Reuters. The move comes as rising volumes and volatility in industrial metals have boosted revenues for investment banks after years of lacklustre market conditions. 

Dec 18 - Australia's Metals X cuts 2020 tin output forecast for Tasmanian project
Australian copper miner Metals X Ltd cut its 2020 tin production outlook for its Tasmanian project and estimated it would incur almost $1 million per month in costs for the suspension of operations at its Nifty copper mine. The company lowered its 2020 tin production forecast for the Renison Tin Operations, in which it owns a 50% stake, to 7,000–7,400 tonnes from 8,000-8,500 tonnes announced earlier, citing lower grades of ore mined.

Dec 17 - Lynas fails to get Malaysian approval for higher processing limit, shares slide
Australian rare earths miner Lynas Corp Ltd said on Tuesday it was unsuccessful in securing approval from a Malaysian regulator to increase its lanthanide concentrate processing limit for 2019. Shares of Lynas fell as much as 5.8% after the announcement, its worst slump since Aug. 23. By 0120 GMT, the shares pared losses to trade at A$2.50, down 3.1%.

Dec 17 - Commodities 2020? Trump, China bring deja vu, all over again: Russell
As 2020 approaches, the year ends with the tantalising prospect of a trade deal between the United States and China. Again. Initial agreement to de-escalate the tariff war between the world's two biggest economies has been interpreted as a positive for the global economic outlook. But it's worth remembering that 2018 ended on a similar note - leaving the commodities outlook once again hostage to the whims of Donald Trump and Xi Jinping.

Dec 17 - ArcelorMittal forms JV with Nippon Steel to run Essar Steel
ArcelorMittal SA said on Monday it had formed a joint venture with Nippon Steel Corp to run Essar Steel, the bankrupt Indian steel company that ArcelorMittal has taken over. Last month, India's Supreme Court had cleared the way for ArcelorMittal to take over Essar Steel following a legal tussle that dragged through multiple courts for over two years.

Dec 17 - Nevada Copper starts production at mine in western U.S.
Nevada Copper Corp said on Monday it has started production at its Pumpkin Hollow mine in the western United States, one of the first new mining projects to open in the country in decades. The mine is opening just as copper prices are projected to rise due to increasing demand from the electric vehicle industry. Once seen as a laggard in the global mining industry, U.S. copper deposits have drawn nearly $3 billion in recent investments from small and large miners alike. 

Dec 17 - Goldman Sachs raises 12-month commodity returns forecast
Goldman Sachs on Monday raised its 12-month commodity returns forecast by 3% to 6.4% citing an improved outlook for oil after an OPEC-led agreement to curb output further as well as agriculture sector supply concerns. "Policy clarity" after the U.S.-China trade deal and the British elections could trigger commodity demand, analysts at the bank said in a note.

Dec 17 - Texas rare earths mine developers to build U.S. refinery
Developers of a Texas rare earths mine said on Monday they will build a pilot plant to refine the strategic minerals, the latest domestic processing project announced at a time when more Americans are voicing concern about China's control over the sector. China is the largest global processor of rare earths, a group of 17 minerals used to make a range of electronics and military equipment.

Dec 17 - Australia's Northern Star to buy 50% stake in KCGM for $800 mln
Gold miner Northern Star Resources Ltd said on Tuesday it had entered into an agreement with the Australian unit of Newmont Gold Corp to buy a 50% stake in Kalgoorlie Consolidated Gold Mines (KCGM) for $800 million. KCGM is a joint venture between Newmont and Saracen Mineral Holdings and owns the Super Pit in Kalgoorlie, Western Australia, among other deposits. Super Pit is the biggest open pit gold mine in Australia.

Dec 17 - Voestalpine lowers profit forecast again, to cut dividend
Austrian speciality steelmaker Voestalpine cut its full-year profit forecast on Monday for the second time in two months, blaming write-offs and provisions, and highlighting the problems facing Europe's steel industry. The company also said it plans to lower its dividend payment from last year's 1.10 euros per share, helping send its shares down 3.5%.

Dec 13 - Australian rare earths producer Lynas to submit plant tender to U.S. Army
Australia's Lynas Corp on Friday said it would submit a compliant tender in response to the U.S. Department of Defense's call for proposals to build a heavy rare earths separation plant in the United States. The world's only major rare earths producer outside China said in a statement the tender period was not yet closed. It gave no other details. 

Dec 13 - Albemarle CEO says long-term lithium demand remains 'robust'
Albemarle Corp, the world's largest lithium producer, expects robust long-term demand for the electric vehicle battery mineral despite troubles in the existing market resulting from oversupply, Chief Executive Luke Kissam said on Thursday. The outlook comes as shareholder anxiety about Albemarle and its peers has escalated in recent months, with the industry having produced far more of the white metal than EV makers currently need. 

Dec 13 - Australia's Mineral Resources flags lower lithium sale price at WA project 
Australia's Mineral Resources on Friday said sale price for lithium from its Western Australia project for the December quarter had been finalised at 14.5% below the previous quarter prices amid weaker demand for the commodity. The sale price for 6% spodumene concentrate shipments at its Mt Marion Lithium Project has been set at $520.92 per dry metric tonne for the December quarter, versus $608.95 in the previous quarter, Mineral Resources added.

Dec 13 - Vale report blames water level for Brazil mining waste dam disaster
The deadly collapse of a Vale SA's mining waste dam in Brazil was partially triggered by "a persistently high water level" that caused the structure to lose strength and stability, according to a report by a panel of experts appointed by the company's lawyers. The report, released by Vale on Thursday, said there was no warning the dam was unstable, and no seismic activity or explosions in the area were recorded before it burst in late January.

Dec 13 - Miner BHP Group's chief transformation officer to depart
BHP Group said on Friday that its Chief Transformation Officer Jonathan Price would be leaving next year, as the miner shifts responsibility for the strategy away from the executive leadership team. Price's departure is the second leadership exit announced in a week, after BHP said on Monday Chief Technology Officer Diane Jurgens would depart the company early next year. 

Dec 13 - Cevian's Tischendorf to leave Thyssenkrupp supervisory board
Jens Tischendorf, a partner at activist fund Cevian, will leave the supervisory board of Thyssenkrupp after his five-year term ends next month, the ailing conglomerate said on Thursday. Tischendorf, who had been a member of the board since 2015, will not stand for re-election at the group's next annual general meeting on Jan. 31, the company said.

Dec 12 - China's 2020 crude steel output expected to drop - govt research body
China's crude steel output in 2020 is expected to ease from a record high this year to 981 million tonnes, a government consultancy said on Thursday. The 2019 output for the world's top steel producer is seen at 988 million tonnes, according to Li Xinchuang, president of the China Metallurgical Industry Planning and Research Institute.

Dec 12 - BHP puts four industry groups on notice after climate policy review
BHP Group said on Thursday it was considering its membership of four industry associations due to concerns about their climate and energy policies, although it was not yet ready to pull out as some shareholders have demanded. BHP has faced increasing pressure from investors worried that some mineral lobby groups, particularly in Australia, are promoting coal use in contravention of the goals of the Paris climate pact, and have urged BHP to stop funding them. 

Dec 12 - An abundance of aluminium scrap to spur U.S. recyclers
The growing use of aluminium by transport and packaging firms in the United States has created an abundance of scrap and is encouraging recyclers to expand capacity in what industry analysts see as the start of a new trend. Those already expanding include Novelis, one of the world's largest producers of rolled aluminium products, which last month announced plans to invest $36 million to boost and upgrade recycling capacity at its Greensboro facility in the United States, to be completed during the second half of 2021.

Dec 12 - Indonesia president defends nickel export curbs after EU complaint at WTO
President Joko Widodo warned on Thursday that there would be no going back on his policy to curb exports of nickel ore and other minerals, and Indonesia would defend itself against a complaint lodged with the World Trade Organisation by the European Union. In September, resource-rich Indonesia announced it would stop nickel ore exports from Jan.1, two years earlier than initially indicated, a decision set to disrupt global supply. 

Dec 12 - China's Jiangxi Copper gets $213 mln loan from parent after stake buy
Jiangxi Copper Co, one of China's biggest copper producers, will receive "financial assistance" to the tune of 1.5 billion yuan ($213.10 million) from its parent to repay loans and cut financing costs, the company said. The support from controlling shareholder Jiangxi Copper Corp comes after the state-run company said this week it would pay $1.1 billion for an 18% stake in Canadian miner First Quantum Minerals, to be part-funded by a syndicated loan of up to $700 million. 

Dec 12 - China is redrawing the global copper scrap map: Andy Home
China's war on "foreign garbage" continues apace. Less than three years after China told the World Trade Organization it was going to ban imports of "solid waste", it is close to doing just that. 

Dec 12 - Top gold sector investor demands more action on carbon emissions
South Africa's biggest money manager has written to 22 gold mining companies asking them to disclose data on the emissions they cause, adding to pressure on the resources sector to tackle climate change. Investec Asset Management, which manages around 111 billion pounds ($142 billion), including over $1 billion in gold assets, wants companies to disclose emissions data across their supply chain, a letter to one of the companies seen by Reuters showed.

Dec 12 - Australia's Prospect Resources in talks to sell stake, lithium supply to Russia's Rosatom
Australian lithium developer Prospect Resources Ltd said on Thursday it has signed a memorandum of understanding with a unit of Russia's Rosatom that could see the latter buy a stake in Prospect as well as supplies of the sought-after metal. The discussions are with Uranium One, a wholly owned subsidiary of the Russian state nuclear energy firm, and are incomplete and ongoing, Perth-based Prospect said in a stock exchange filing.

Dec 12 - First diamonds from Angola's new pipe to arrive mid-2020 - Alrosa
Angola's major new Luaxe diamond deposit may start trial mining in mid-2020 and could produce 1 million carats of diamonds worth $90 million in 2020, Russian diamond producer Alrosa said. Angola's state-controlled diamond miner Catoca and Alrosa found Luaxe's Luele pipe in 2013. Catoca has spent $200 million studying and developing it further and has said the pipe may turn out to be the largest discovery in the industry in 60 years.

Dec 11 - U.S. Army will fund rare earths plant for weapons development
The U.S. Army plans to fund construction of rare earths processing facilities, part of an urgent push by Washington to secure domestic supply of the minerals used to make military weapons and electronics, according to a government document seen by Reuters. The move would mark the first financial investment by the U.S. military into commercial-scale rare earths production since World War Two's Manhattan Project built the first atomic bomb. 

Dec 11 - South African mines grind to halt as floods deepen power crisis
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country's already slowing economy. Heavy rains across parts of South Africa have submerged entire neighbourhoods, leading to evacuations and aggravating problems at state-owned utility Eskom, which has been struggling to keep the lights on since 2008. 

Dec 11 - U.S., Canada and Mexico sign agreement - again - to replace NAFTA
Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be the final approval effort for U.S. President Donald Trump's three-year quest to revamp the 1994 North American Free Trade Agreement (NAFTA), a deal he has blamed for the loss of millions of U.S. manufacturing jobs.

Dec 11 - Indonesia nickel ore royalties double in regulations shake-up
Major nickel ore exporter Indonesia will double royalties on sales of the ore to 10% while also adjusting the charges for other minerals, according to a copy of new government regulations seen by Reuters. Indonesia is aiming to reduce its reliance on natural resources exports by building smelting industries for minerals such as nickel, bauxite and copper. It will stop exporting nickel ore from January to process it domestically. 

Dec 11 - Aurubis sees stable fiscal year, hints at expansion plans
Aurubis AG, Europe's largest copper producer, on Wednesday posted a 42% slump in its annual earnings following scheduled maintenance shutdowns at major smelting plants, but said it expects the new fiscal year to be stable. The company proposed a dividend of 1.25 euros per share for 2018-19 fiscal year, down from 1.55 euros in the previous year.

Dec 11 - China major copper smelter output falls m/m in November - Antaike
Refined copper cathode production by major Chinese smelters fell by more than 4% in November from the previous month, a survey of producers by research house Antaike published on Tuesday showed. The 22 smelters surveyed churned out 738,000 tonnes of cathodes, down from a revised figure of 770,000 tonnes in October but up 8.9% year on year, said Antaike, the research arm of the China Nonferrous Metals Industry Association.

Dec 11 - ISTIM's Malaysia warehouses held 35% of LME aluminium in Nov
Warehousing firm ISTIM UK held 35% of total aluminium stocks in London Metal Exchange-registered warehouses in its Malaysian facilities by the end of November, data from the LME showed on Tuesday. Aluminium stocks in ISTIM's Port Klang and Johor warehouses rose 213,275 tonnes in November from the previous month to 476,846 tonnes, according to the data. Total aluminium stocks in LME warehouses stood at 1.27 million tonnes at the end of November.

Dec 11 - Barrick Gold to sell stake in Massawa project to Teranga for up to $430 mln
Canadian gold miner Barrick Gold Corp moved closer to its asset sales target on Tuesday by agreeing to sell its entire 90% stake in its Massawa project in Senegal to Teranga Gold Corporation for up to $430 million. The sale is the latest by Barrick Chief Executive Officer Mark Bristow as he seeks to shed at least $1.5 billion of unprofitable mines by the end of 2020, following the company's acquisition of Rangold Resources a year ago. 

Dec 11 - What an EU carbon border tax might look like and who would be hit
The European Commission plans a carbon border tax aimed at shielding European steel producers and other energy-intensive industries against cheaper imports from countries with less strict climate policies. The EU executive's president Ursula von der Leyen, who took office on Dec. 1, is due to unveil on Wednesday a first outline of her "Green Deal", a package of regulations meant to drastically reduce carbon emissions of the 28-nation bloc.

Dec 11 - Indonesia targets starting up EV battery plants in 2023
Indonesia is aiming to start making lithium batteries for use in electric vehicles in 2023, alongside plants that are already slated to produce chemicals used in the batteries, according to the minister who oversees the energy and mining ministry. Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said he wants investors to start putting money into plants to make batteries alongside the plants that will soon be producing battery chemicals extracted from nickel ore. 

Dec 11 - Australia's Magnis Energy signs EPC contract for 'high-purity' graphite project
Australian graphite producer Magnis Energy Technologies said on Wednesday it executed a engineering, procurement and construction contract with Metallurgical Corporation of China (MCC) for its graphite project in Tanzania. The fixed price for the turn-key solutions services is $277 million under the contract, which is the complete cost of the 240,000 tonnes a year graphite production facility at the Nachu Graphite project.

Dec 10 - First Quantum shares jump after China's Jiangxi Copper takes 18% stake 
Shares of Canada's First Quantum Minerals Ltd rose as much as 5% to their highest since May on Monday after Jiangxi Copper Co Ltd agreed to pay $1.1 billion to become the miner's largest shareholder. State-backed Jiangxi Copper, one of China's biggest copper producers, said on Monday it would buy Cupric Holdings Ltd from Pangaea Investment Management Ltd. 

Dec 10 - China's imports of major commodities show accelerating trend: Russell
The growth rate of China's imports of major commodities has accelerated in recent months, indicating Beijing's stimulus efforts may be bearing fruit and that the impact of its trade dispute with the United States may not be as bad as feared. On the surface, China's imports of major commodities in November presented a mixed picture, with month-on-month gains in crude oil and copper, and declines in iron ore and coal. 

Dec 10 - Aluminium producers prepare for troubled times ahead: Andy Home
The aluminium market is in trouble again. The London Metal Exchange (LME) price touched a three-year low of $1,705 per tonne in October and has failed to stage any significant bounce over the intervening period. It is currently trading around the $1,760 level. 

Dec 10 - Chile's top miners boost copper output even amid protests
Copper production at Chile's top mines increased in October, Chilean copper commission Cochilco said on Monday, even as protests and sometimes-violent rioting gripped the nation. Cochilco said output at top copper miner Codelco increased 2.5% percent in October over the same month in 2018, to 154,500 tonnes.

Dec 10 - Global copper smelting activity dips in November - satellite index
Global refined copper production edged lower in November after some smelters temporarily shut for maintenance, according to an index based on satellite surveillance of copper plants. Copper smelting activity recovered, however, in the second half of the month and in early December, according to the latest index data released on Monday.

Dec 10 - Noble unit signs MoU to supply rare earth products to Chinalco Guangxi
Commodities trading firm Noble Group Holdings Ltd said on Monday its subsidiary Talaxis has signed a memorandum of understanding (MoU) to potentially supply rare earths products to Chinalco Guangxi Nonferrous Rare Earth Development Co Ltd. Under the MoU, Talaxis will supply via sourcing, offtake and tolling of up to 42,000 tonnes of rare earths products, including concentrate and oxide, per year to Chinalco Guangxi, a joint-venture with China's biggest state-backed aluminium producer Aluminium Corporation of China (Chinalco).

Dec 09 - China copper imports hit 13-month high in November on improved factory activity 
China's copper imports rose 12.1% in November from the previous month to their highest in more than a year, as an unexpected improvement in the manufacturing sector drove up demand. Imports of unwrought copper including anode, refined and semi-finished copper products into China stood at 483,000 tonnes last month, data from the General Administration of Customs showed on Sunday. That was the highest since September 2018.

Dec 09 - China Nov iron ore imports down for 2nd month as top miners ship less 
China's iron ore imports fell for a second straight month in November, customs data showed on Sunday, as lower shipments from top miners in Australia and Brazil overshadowed firm demand for the steelmaking ingredient at mills.  The world's top steel producer brought in 90.65 million tonnes of iron ore last month, down 2.4% from 92.86 million tonnes in October and compared with 86.25 million tonnes a year earlier, data from the General Administration of Customs showed. 

Dec 09 - Mexico accepts U.S. steel demand in USMCA trade deal, but with conditions 
Mexico would accept a U.S. demand on steel in the United States-Mexico-Canada Agreement if the rule took effect at least five years after the trade pact's ratification, Mexican Foreign Minister Marcelo Ebrard said on Sunday. Mexican lawmakers earlier this year approved the deal, known as USMCA, which would replace the North American Free Trade Agreement. But Democratic lawmakers have held up U.S. ratification over concerns about how labor and environmental provisions would be enforced. 

Dec 09 - Nippon Steel may cut more blast furnaces to reduce costs
Japan's top steelmaker Nippon Steel Corp may close more blast furnaces as part of plans to reduce domestic facilities to cut costs, said a senior executive, as falling demand and lower Asian steel prices eat into its annual profit forecast. The world's third-biggest steelmaker has 15 blast furnaces across Japan with two due to be shut by around March 2024. Any further closures would reduce capacity and could undermine its presence in the growing, but highly-competitive Asian markets.

Dec 09 - Australia's Lynas picks Kalgoorlie for rare earth processing site 
Australian rare earths miner Lynas Corp said on Monday it had picked outback town Kalgoorlie as the site for a new initial ore processing plant to extract low-level radioactivity from materials to be shipped to Malaysia for final treatment. In a statement, the world's only major producer of rare earth metals outside China said it the new planned cracking and leaching plant in Western Australia forms part of a $500 million growth strategy to boost production by 2025.

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

Dec 09 - Italy ready to take 18% stake in Ilva steel plant - paper 
The Italian state is ready to take an 18% stake in the troubled Ilva steel plant in southern Italy through a public agency, newspaper Il Messaggero reported on Sunday, citing a draft proposal to save the factory. Industry ministry officials will present the plan on Monday to steel firm ArcelorMittal, the daily said, in an attempt to convince it to scrap its threat to walk away from a 2018 deal to buy the plant in the city of Taranto.

Dec 09 - Four dead after rock collapse at South African gold mine 
Four mineworkers were killed and one was seriously injured after a rock fall at a South African gold mine on Friday trapped five workers underground, the company and a mining union said on Sunday. The collapse at the Village Main Reef's Tau Lekoa gold mine in North West province followed at least one earth tremor.

Dec 09 - New mining waste dam rules should not be retroactive, says review chief 
New global standards for mining waste dams should take into account the difficulties of making existing dams compliant, the chair of an independent panel of experts crafting the new rules said on Friday. Industry groups object to a standard that would apply not only to the design of new dams, but also require existing dams to be modified - a retro-fitting process they claim may be technically impossible, and at the very least expensive and time-consuming.

Dec 06 - UK bribery investigation adds to Glencore's legal headaches 
The UK's Serious Fraud Office (SFO) has launched a bribery investigation into Glencore, adding to legal troubles that have hit the shares of one of the world's biggest miners and commodity traders. The SFO said on Thursday it had opened an investigaton into suspicions of bribery in the conduct of business by the Glencore group of companies, its officials, employees, agents and associated persons in June. It declined to comment on the scope of its inquiry.

Dec 06 - Trump's tariff tweet halts talks over future Brazil steel exports to U.S. 
Negotiations over future Brazilian steel exports to the United States have been halted since President Donald Trump tweeted earlier this week that he would slap tariffs back on them, the head of Brazil's steel mills body IABr said on Thursday. Trump stunned Brazil and Argentina on Monday, tweeting that U.S. steel and aluminum imports from both countries would be subject to tariffs immediately because both had been "presiding over a massive devaluation of their currencies, which is not good for our farmers." 

Dec 06 - Indonesia revises down outlook for nickel smelter capacity by 2022 
Indonesia expects to have 29 nickel smelters operating by 2022, with total annual input capacity of nearly 70 million tonnes, a mining ministry official said on Friday, in a downward revision of a November projection of ore refining capacity.  Yunus Saefulhak, minerals director at the country's energy and mineral resources ministry, scaled back his estimate of 91 million tonnes of input capacity at 37 operating smelters in 2021 made last month. 

Dec 06 - Nickel bubble deflates but a bear trap may be opening: Andy Home 
The nickel price bubble is slowly deflating but bears would be advised to tread carefully with a sharp fall in LME inventory threatening a repeat of the time-spread turbulence that rocked the London market in late September.  London Metal Exchange (LME) nickel surged to a five-year high of $18,850 on Sept. 2, from $12,000 per tonne at the start of July, as Indonesia brought forward to a ban on exports of nickel ore to January. 

Dec 06 - Apple buys first-ever carbon-free aluminum from Alcoa-Rio Tinto venture 
Apple Inc on Thursday said it has bought the first-ever commercial batch of carbon-free aluminum from a joint venture between two of the world's biggest aluminum suppliers.  The metal is being made by Elysis, a Montreal-based joint venture of Alcoa Corp and Rio Tinto announced last year with $144 million in funding from the two companies, Apple and the governments of Canada and Quebec. 

Dec 06 - Major steel funds not yet approved - Thyssenkrupp labour leader 
Much-needed funds for Thyssenkrupp's steel division, which could be turned into the conglomerate's profit engine, have not yet been approved by management, a leading labour representative said. "The management of Thyssenkrupp needs to earn that money first," Tekin Nasikkol, who heads the works council of Thyssenkrupp Steel Europe, said on Thursday, adding some members of the board were saying the unit needs too much money.

Dec 06 - Endeavour courts Centamin shareholders after miner's board rejects proposal 
Endeavour Mining's top boss said on Thursday the Canadian firm was reaching out to Centamin shareholders to back its $1.9 billion merger plan, days after the British gold miner's board rejected the all-stock proposal. The UK-based company said earlier this week the proposal did not offer any benefits for its shareholders.

Dec 05 - Gold miners flash the cash in biggest deal binge in a decade
Gold miners look set to extend a deal spree after notching transactions worth a record $30.5 billion this year, according to data, the biggest M&A binge since bullion prices peaked nearly a decade ago. Led by top producers Newmont Goldcorp Corp and Barrick Gold Corp, miners are bulking up to replace dwindling reserves and win back investors who in recent years shunned the sector because of disappointing returns.

Dec 05 - Vale to exit New Caledonia, eyes Indonesia to boost nickel output
Brazil's Vale SA plans to exit its troubled New Caledonia assets but still aims to ramp up nickel output ahead of rising demand for electric batteries, executives said on Wednesday. The planned divestment of nickel operations in New Caledonia comes after Vale said last month it would write down the mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter. 

Dec 05 - Thyssenkrupp outlines steel unit overhaul - letter
Thyssenkrupp, whose attempt to merge its steel operations with a rival was thwarted by regulators earlier this year, now plans to transform the business into its biggest profit engine, according to an internal memo seen by Reuters. The German group told staff it aimed to boost earnings before interest and tax (EBIT) at Steel Europe by an average of up to 600 million euros ($661 million) over the coming years, helped by job cuts and selling more to the autos industry. 

Dec 05 - Alcoa's Australian smelter needs cheaper power to stay open past 2021 - partner
Alcoa Corp will need cheaper, more reliable power to keep its Portland smelter in Australia open beyond 2021 when its current supply deal ends, the aluminium major's partner said on Thursday.  Alumina Ltd, Alcoa's partner in the Alcoa World Alumina and Chemical joint venture, would have a veto over any decision to shut the plant, its Chief Executive Mike Ferraro said, adding it was too early to predict the smelter's future.

Dec 05 - Australia's Panoramic rejects Independence's takeover offer, plans capital raise
Australian nickel miner Panoramic Resources on Thursday recommended that its shareholders reject a takeover bid by larger peer Independence Group NL and went ahead with a capital raising effort, breaching an offer condition. The miner said the A$312 million ($211.7 million) offer was "opportunistically timed" and shareholders would reduce their exposure to "near-term improvements in operational performance" if they accepted.

Dec 05 - Aurubis says accident hits Belgian copper plant but deliveries continue
Aurubis AG, Europe's biggest copper smelter, said on Wednesday that an accident at its plant in Olen in Belgium in November has disrupted copper production but that deliveries to customers are continuing normally. A crane collapsed in one section of the Olen tank house holding liquids for copper production on Nov. 19, stopping production of copper cathodes, an Aurubis spokeswoman said.

Dec 05 - Canadian National Rail enters deal with Teck Resources to ship steelmaking coal
Canadian National Railway Co said on Wednesday it has entered a long-term deal to ship steelmaking coal from some of Teck Resources Ltd's operations in British Columbia. Under the terms of deal, CNR will ship steelmaking coal from four of Teck's operations in the province, between Kamloops and Neptune terminals, and other west coast ports.

Dec 04 - Copper primed for a pop if U.S./China trade war is resolved
Low inventories across the copper supply chain mean that any resolution to the U.S.-China trade war could trigger a snap rally in prices as consumers rush to restock, market participants said on Tuesday. Combined stocks of on-warrant copper in London Metal Exchange and Shanghai exchange warehouses have declined 50.5% since mid-August metal buyers have slowed replenishment rates.

Dec 04 - Glencore's Glasenberg says successor could be in place next year
Glencore could announce a new chief executive next year once a new management team is in place, its current boss told an investor meeting on Tuesday as the commodities giant laid out its priorities for 2020. The mining and trading company faces a challenging year as it contends with problems on multiple fronts, from a series of mine fatalities and climate politics to a continuing U.S. Department of Justice investigation and difficulties in Democratic Republic of Congo.

Dec 04 - Copper smelters feel the squeeze as mine supply falters: Andy Home
It's been a frustrating year for copper bulls. Trade war has trumped fundamentals as copper has been used as a proxy for trading the twists and turns of Sino-U.S. trade talks. The fact that London copper, currently trading around $5,815 per tonne, is virtually unchanged on the start of the year says much about the on-again-off-again nature of these talks. 

Dec 04 - Centamin snubs $1.9 bln bid proposal from Endeavour Mining
Gold miner Centamin Plc on Tuesday rejected a 1.47 billion pound ($1.9 billion) all-stock takeover proposal from Canada's Endeavour Mining, saying it did not offer enough value to Centamin shareholders. Endeavour announced its offer, a 13% premium to Centamin's last closing price, earlier in the day, seeking to gain control of Centamin assets that include the Sukari mine and Cleopatra project in Egypt and exploration projects in West Africa.

Dec 04 - U.S. copper frenzy grows as Rio Tinto plans $1.5 bln Utah mine expansion
Rio Tinto Plc said on Tuesday it would spend $1.5 billion to expand its Kennecott copper mine in Utah, part of a growing trend by miners to invest in strategic mineral projects across the United States. The move more than doubles the mining industry's recent investment in U.S. copper projects, as Tesla Inc and other automakers demand more of the red metal for electric vehicle motors and other components.

Dec 04 - Chile eyes state-backed lithium push in far-flung salt flats
Chile's Atacama salt flat may get all the attention when it comes to lithium, but the South American nation is looking to develop two lesser-known deposits of the mineral needed to power a global push into electric cars. Chile's mining minister, Baldo Prokurica, told Reuters on a trip to the Atacama region the government had asked state-owned copper giant Codelco and smaller state miner National Mining Company, Enami, to forge ahead with lithium projects in the region.

Dec 04 - Thyssenkrupp presents 'complex' turnaround plan for steel -workers
Ailing conglomerate Thyssenkrupp has worked out a new strategy for the group's steel business, a leading labour representative said on Tuesday, adding the roadmap included significant investments but also restructuring steps. The strategy paper was presented to the supervisory board of Thyssenkrupp Steel Europe on Tuesday, following labour protests at the division's headquarters in Duisburg, in the heart of the Ruhr area, Germany's industrial heartland.

Dec 03 - Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina
U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, "effective immediately," were necessary because "Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers." 

Dec 03 - China's Zijin Mining to buy Canada's Continental Gold for $1 bln amid security risk
China's Zijin Mining Group Co Ltd has agreed to buy Canadian miner Continental Gold Inc for C$1.3 billion ($1 billion), but a top executive with the target company said elevated security concerns in Colombia pose a risk to the deal. State-backed Zijin's offer for Continental, announced on Monday, aims to secure Continental Gold's flagship Buritica gold project in Colombia. 

Dec 03 - Vale to suspend disposal from Brucutu mine at Laranjeiras dam, lowers production outlook
Vale SA, the world's largest iron ore miner, said on Monday that it would slash output from its Brucutu mine for up to two months as it evaluates the stability of the nearby Laranjeiras dam, where much of the mine's waste is normally disposed. The move will leave Brucutu, Vale's biggest mine in Minas Gerais state, the industry's longtime heartland, operating at 40% of normal capacity for the period, cutting its output by 1.5 million tonnes.

Dec 03 - India's Nov gold imports jump to 5-month high - govt source
India's gold imports in November jumped 78% from a month earlier to the highest level in 5 months as jewellers in the world's second-biggest consumer of the metal restocked after a fall in prices, a government source said on Tuesday. New Delhi imported 71 tonnes of gold in November, compared with 40 tonnes in October, the source said on condition of anonymity as he was not authorised to speak to media.

Dec 03 - Thyssenkrupp works council demands $1.7 bln investment in steel unit 
Thyssenkrupp needs to pour 1.5 billion euros ($1.7 billion) into its core steel business after years of underinvestment has left at a competitive disadvantage, the head of its works council. The labour chief's comments come days after Union Investment, a top-10 investor in the ailing German conglomerate, raised pressure on management to present a turnaround plan for the steel unit or drop the business. 

Dec 03 - Semafo says Boungou mine operations not expected to restart this year
Canadian gold miner Semafo Inc said on Monday it does not expect to restart operations at its Boungou Mine in Burkina Faso this year after a deadly attack on a convoy of buses carrying its employees last month forced it to suspend operations. The attack, which was the deadliest in recent years for the West African country, had killed at least 39 people while wounding more than 60 others. 

Dec 03 - Uganda picks South African firm for regional mineral survey
Uganda has contracted a South African company to conduct a mineral survey and mapping exercise in a northeast region that may hold substantial deposits of gold, copper and other lucrative minerals. Karamoja, a sprawling and parched area on the border with Kenya, missed out on earlier surveys because of security concerns caused by clashes between armed rival cattle-rustling tribes.

Dec 03 - Endeavour Mining discloses $1.9 bln takeover proposal for Centamin
Canada's Endeavour Mining Corp on Tuesday disclosed its 1.47 billion pound ($1.89 billion) buyout proposal for Centamin Plc, after the British gold miner refused to discuss the bid. Endeavour Mining said the all-share takeover plan has an exchange ratio of 0.0846 Endeavour shares for each Centamin share, a 13.1% premium to their closing price on Monday.

Dec 02 - China's Shanghai International Energy Exchange plans copper contract for 2020
China's Shanghai International Energy Exchange (INE) is preparing to launch a copper futures contract within the next year that will be open to domestic and foreign investors, according to two sources familiar with the plans. The yuan-denominated contract can be both cash and physically settled against copper cathodes stored at bonded warehouses, and will be traded without tax to attract foreign participation, according to one source, who requested anonymity because the matter is confidential.

Dec 02 - Chile's Codelco reports 57% fall in profits, plans to scale back mine projects
Chile's state-owned Codelco, the world's largest copper producer, reported on Friday a fall of 57% in its pre-tax earnings to September because of heavy rains, an extensive strike at its flagship Chuquicamata mine in northern Chile and lower metal prices. Codelco, which turns over all its profits to the Chilean state, said it produced 1.12 million tonnes of copper from January to September, which represents a fall of 6.66% in relation to the same period of the previous year.

Dec 02 - Tin prices face pressure from rising output, says ITA 
Rising refined tin output will cut the global market deficit next year and weigh on prices as new Chinese smelters ramp up and Indonesia also expands production, the International Tin Association said on Friday. Benchmark tin prices have already been the worst performer on the London Metal Exchange this year, sliding 16%. 

Dec 02 - India makes gold jewellery hallmarking mandatory from mid-January 
India will make hallmarking of gold jewellery and artefacts mandatory from mid-January, a senior government minister said on Friday, a move that could boost demand in the world's second-biggest gold market by tackling quality concerns. Hallmarking will be mandatory from Jan. 15, but a period of one year will be allowed to set up new hallmarking centres and to clear jewellers' existing stocks, Consumer Affairs Minister Ram Vilas Paswan told reporters.

Dec 02 - Australia's Perenti Global to end two Burkina Faso contracts after attack 
Australian mining services company Perenti Global Ltd said on Monday that it would exit mining services contracts in Burkina Faso following an ambush of a convoy with workers at a Canadian-owned gold mine in the region. Shares of Perenti ticked up following the announcement to rise 0.3% at 0206 GMT to A$1.95, compared with a 0.5% gain on the Australian benchmark.

Dec 02 - Centerra Gold says two workers missing at Kumtor mine 
Two employees working at its Kumtor gold mine in Kyrgyzstan are missing following a "significant rock movement" at a waste rock dump, Centerra Gold Inc said on Sunday. Search and rescue operations are on and the company has temporarily stopped open pit mining operations at Kumtor, it said. 

Dec 02 - Blackstone Minerals partners with S. Korean firm for lithium ion battery production 
Australia's Blackstone Minerals Ltd on Monday said it signed a non-binding joint venture agreement with South Korea's Ecopro BM Co to develop nickel, cobalt or other minerals for battery manufacturing. The Western Australia-based firm said Ecopro BM, South Korea's largest electric vehicle battery cathode producer, will develop a downstream processing facility with Blackstone's Ta Khoa Nickel Project in Vietnam. 

Dec 02 - Nanhua Financial to debut on the London Metal Exchange on Dec. 2 
Nanhua Futures will begin trading and clearing on the London Metal Exchange (LME) on Monday after the Chinese brokerage was approved in October, a notice from the exchange said on Friday. Nanhua, which debuted on the Shanghai Futures Exchange in August, will join the LME as a Category 2 member. It has also been approved as a general clearing member from Monday, Dec. 2. 

Dec 02 - Brazil's Vale to resume operation of Viga concentration plant 
Brazilian miner Vale SA said it would resume operation of the Viga concentration plant on Saturday after having halted operations for a few months, as documents related to the operational permit had been "regularized." Vale, in August, had halted operations at the Viga concentration plant of Ferrous Resources do Brasil SA, a company it acquired earlier this year, due to "inconsistency in the documents." 

Dec 02 - Australia's Alita Resources repays loan to top shareholder Galaxy Resources 
Australian lithium miner Galaxy Resources on Monday said cash-strapped smaller peer Alita Resources had fully repaid its senior secured loan facility, sending the company's shares sharply higher. Galaxy bought $28.8 million worth of debt from the troubled miner earlier this year, making it Alita's largest equity holder. 

Dec 02 - Yamana Gold considers another doubling in dividend payout - chairman 
Canada's Yamana Gold is considering a further increase in dividends of between 50% and 100%, its executive chairman told Reuters, after doubling the payout this year. Yamana Gold, which sold its $1 billion copper-gold mine to Lundin Mining this year, doubled its dividend this year to 4 U.S. cents per share in its third quarter.

Nov 29 - China shuts 1,300 metal firms since 2016 in soil clean-up
China has shut more than 1,300 heavy metal enterprises since 2016 as part of a long-term plan to curb widespread chronic soil pollution, an environment ministry official said on Friday. Soil pollution is one of China's biggest and most expensive environmental challenges. The last nationwide survey in 2014 showed that around 16% of its land - an area the size of Mongolia - was contaminated to varying degrees by fertilizers and pesticides, heavy metals, plastic and other chemicals. 

Nov 29 - Fix steel unit or drop it, top Thyssenkrupp investor says
Union Investment, a top-10 investor in ailing conglomerate Thyssenkrupp, raised pressure on management to present a plan soon for a turnaround of its steel unit, adding the group should otherwise drop the business. Steel Europe, subject to a highly cyclical market, made adjusted earnings before interest and tax of 31 million euros ($34 million) in the last fiscal year that ended Sept. 30, a decline of 95% year-on-year.

Nov 29 - Australia's Alita Resources plans for loan to repay largest shareholder
Lithium miner Alita Resources Ltd's administrators said on Friday the company has entered into a A$70 million ($47.50 million) loan facility agreement with China Hydrogen Energy Ltd to pay back its biggest shareholder. Earlier this year, Galaxy Resources Ltd, Alita's biggest shareholder, had bought $28.8 million worth of debt in the cash-strapped miner.

Nov 29 - Chile's SQM to decide on future of lithium holdings in Maricunga by year's end - mining minister
Chile has asked top lithium miner SQM to decide by year's end what it will do with its holdings in the Maricunga salt flat, the country's second richest in lithium, Chile's mining minister told Reuters. Though Maricunga's 90 square miles (145 sq. km) make it less than 5 percent the size of the lithium-rich Salar de Atacama in northern Chile, high-grade deposits of the ultralight battery metal nonetheless make it attractive to several prospective miners. 

Nov 29 - China launches three months of checks on coal mine safety
China is carrying out a new round of safety inspections on coal mines across the country from Nov. 27 until Feb. 27, the National Coal Mine Safety Administration said on Thursday. China, the world's largest coal miner and consumer, has reported six coal mine accidents since October and aims to address the poor safety record.

Nov 29 - Granges to buy Poland's Aluminium Konin for 2.3 bln SEK
Sweden's Granges said on Thursday it had agreed to buy Polish aluminium producer Aluminium Konin for 2.3 billion Swedish crowns($239 million), expanding its presence in Europe and boosting its position in growth areas such as materials for electric vehicles. The deal, subject to approval by competition authorities, values Aluminium Konin at 6.9 times its annual earnings before interest, tax, depreciation and amortization (EBITDA), and Granges said it expected to close the transaction in the second quarter of 2020.

Nov 28 - Plentiful supplies to hamper molybdenum's price rally
Bargain hunters have helped molybdenum recover after prices crashed to two-year lows, but ample supplies of the metal used to make stainless steel mean further significant gains for now are unlikely, analysts say. Prices of the metal, valued for its anti-corrosive and strengthening properties in the oil & gas and automotive industries, fell towards $8 a lb two weeks ago. 

Nov 28 - 'The revolution is ongoing': Bougainville to revive radical mining proposal
Bougainville Vice President Raymond Masono said he will revive a plan to overhaul the region's mining laws after its ongoing independence referendum, which could strip the former operator of the Panguna gold and copper project of its interests. The proposed changes, which have been criticised by Panguna landowners, would also erase an interest in the project held by the Papua New Guinea government, potentially complicating negotiations between the two governments after the referendum. 

Nov 28 - High-grade iron ore outperforms as China steel margins recover: Russell
The premium Chinese steel mills are willing to pay for high-grade iron ore has widened in recent months, suggesting both a recovery in profitability and a desire to maximise output at blast furnaces. Iron ore prices have fallen for the past two sessions, with declines on Wednesday linked to a sharp 9.9% drop in profits at China's industrial companies, the fastest pace of contraction in eight months. 

Nov 28 - ArcelorMittal lawyer sees possible deal over Ilva steel plant
A lawyer representing ArcelorMittal said on Wednesday the company hoped it could reach a deal with the Italian government over the Ilva plant, after the steelmaker tried to walk away from a 2018 deal to buy the site. ArcelorMittal has blamed its threatened exit on a decision by parliament to scrap a guarantee of legal immunity from prosecution over environmental risks while it carried out a clean-up at Ilva, in the southern Italian city of Taranto. 

Nov 28 - Anglo to sell 12% of Australian coal mine to Japanese partners
Mining group Anglo American is selling a 12% stake in its coking coal operations at Grosvenor in Queensland, Australia, to a group of Japanese partners for around $141 million in cash, it said on Wednesday. The partners are Japan's biggest steelmaker Nippon Steel Corporation, Mitsui & Co, Nippon Steel Trading Corporation, Shinsho Corporation and JFE Mineral Co.

Nov 28 - Canada's First Quantum may team-up with Rio Tinto to develop Peru copper mine
Canadian miner First Quantum Minerals Ltd is looking for strategic partners to develop new copper projects and a joint venture with Rio Tinto in Peru could be on the cards, First Quantum's chief executive officer said on Wednesday. "That is what we are going to explore and it just depends on what kind of partner we get," First Quantum CEO Philip Pascall said on the sidelines of a conference in London, referring to the company's plans to find strategic partners.

Nov 28 - Gerdau buys steel mill in northeast Brazil for $111 million
Brazilian steelmaker Gerdau SA has agreed to purchase a steel mill in northeastern Brazil from Spain's Hierros Anon SA for $110.8 million, the firm said in a Wednesday securities filing. The mill, known as Siderurgica Latino-Americana SA, or SILAT, is located near the city of Fortaleza and has an installed production capacity of 600,000 tonnes per year, the company said.

Nov 28 - Tata Steel in talks with European Works Council on job cuts - statement
Tata Steel Europe said in a statement on Wednesday that it was in talks with a European Works Council on job cuts being made as part of restructuring. The company said that of the 3,000 job cuts across its European business announced on Nov. 18, up to 1,600 are expected in the Netherlands, 1,000 in the United Kingdom and 350 in other parts of the world. 

Nov 28 - Bids for mothballed Quebec lithium plant due by January, trustee says
Bids to acquire Chinese battery firm CATL's mothballed lithium plant in the Canadian province of Quebec are due by January next year, a representative with the court-appointed monitor overseeing the auction said on Wednesday. Lithium is expected to be in hot demand in the early years of the next decade, but oversupply of the battery metal this year has pummeled the industry, causing major producers to cut back and forcing some smaller miners out of the business.

Nov 28 - Portugal's government under fire over controversial lithium contract
Portugal's government came under fire from lawmakers on Wednesday for signing a contract giving exploration rights for lithium mining to a three-day old firm, but the environment minister said this won't stop mining of the metal. During a heated parliamentary hearing, lawmakers from left to right voiced concerns about the legality of the contract signed in March between Lusorecursos Portugal Lithium and the government, and the environmental impact of the mines.

Nov 27 - Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down
Brazilian miner Vale SA, the world's top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter, the company said on Tuesday in a securities filing. Vale said its annual assets review of its base metals and coal business is still underway and further impairments charges that would also impact fiscal year 2019 cannot be ruled out. 

Nov 27 - Sudan militia leader grew rich by selling gold
Late last year, as President Omar Hassan al-Bashir's hold on power weakened, one of Sudan's most feared militia leaders lashed out against the government of his long-time ally and benefactor. In a speech to cheering troops, militia chief Mohamed "Hemedti" Hamdan Dagalo sympathised with the thousands of protesters who had poured onto the streets in December demanding food, fuel and an end to corruption. He hit out at officials "who take what isn't theirs."

Nov 27 - Global steel output falls 2.8% yr/yr in October
Global crude steel production fell 2.8% year-on-year in October, data showed on Tuesday, as weak economic growth dampened output of the metal key for construction and infrastructure. Output for the first 10 months of the year, however, rose by 3.2% after gains earlier in the year in top producer China, figures from the World Steel Association showed. 

Nov 27 - EU suspects Chinese steelmakers are dodging anti-dumping duties
The European Commission opened an investigation on Tuesday after finding evidence that Chinese steel producers are avoiding anti-dumping duties by slightly modifying the material they export. The European Union set duties in February 2018 of between 17.2% and 27.9% for imports of certain corrosion-resistant steels from China to counter what it said were unfairly low prices. 

Nov 27 - Commodities tycoon Gupta still ready to buy British Steel – sources
British commodities tycoon Sanjeev Gupta is ready to bid for British Steel if an offer from China's Jingye Group falls through, two sources close to the matter have said. Earlier this month, Jingye Group announced a provisional deal to buy British Steel, but the acquisition needs regulatory approvals. 

Nov 27 - Rio Tinto invests $749 mln in Pilbara iron ore mine
Rio Tinto Ltd said on Wednesday it had approved a $749 million investment in its Greater Tom Price operations to help sustain production capacity in its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner said the investment in the Western Turner Syncline Phase 2 mine will facilitate mining of existing and new deposits and includes construction of a new crusher as well as a 13-kilometre conveyor.

Nov 27 - India steel minister expects to increase coking coal imports from Russia
India's Steel Minister Dharmendra Pradhan said on Tuesday he was confident India's imports of coking coal from Russia would increase significantly in coming months, adding that steelmakers had started testing samples of Russian coal. India long depended on Australia to meet most of its coking coal requirements but has progressively cut down on imports from the country in the last three years.

Nov 27 - Glencore's Mutanda mine in Congo shuts a month early
Glencore's Mutanda mine in Democratic Republic of Congo suspended operations prematurely on Monday due to a lack of sulphuric acid, a key input for copper and cobalt extraction. The suspension comes more than a month before the world's biggest cobalt mine was set to go into care and maintenance. 

Nov 27 - Church of England ups ante against anti-climate lobby
Ethical investors, including the Church of England, plan to extend their campaign for miners and other big businesses to stop funding industry associations that block progress on U.N. goals to curb climate change, they said on Tuesday. Shareholders of BHP, the world's biggest listed miner, voted at meetings in October and November against a resolution to suspend the global miner's membership in some industry groups, saying it was effectively paying the pro-coal lobby.  

Nov 27 - Ecuador to tighten rules for mining waste dams to avoid repeat of Brazil disaster
Ecuador's government plans to tighten rules regulating the construction and operation of mining waste dams to avoid disasters like one in Brazil in January when a dam owned by Vale SA collapsed, killing hundreds. Vice Minister of Mining Fernando Benalcazar told Reuters the new rules will take effect in December and will prohibit the building of so-called tailings dams close to populated areas and ban certain designs that are considered less stable.

Nov 27 - Zambia's KCM smelter set to restart after two-week delay – minister
Zambia's Konkola Copper Mines (KCM) smelter could restart next week after a delay of around a fortnight, mines minister Richard Masukwa told Reuters. The smelter was shut down in early October for annual maintenance, two days earlier than planned due to a leak. It was initially scheduled to reopen on Nov. 15.

Nov 26 - Lynas expects funding news for U.S. rare earths plant by end Feb
Australia's Lynas Corporation expects to make an announcement on how it will fund development of a new heavy rare earths processing facility in the United States by the end of February, its chief executive said on Tuesday. The United States has sought to shore up its supplies of rare earths products this year, as escalating trade tensions between it and China fuelled concerns that the world's dominant producer could restrict supply.

Nov 26 - Bougainville mining expectations rise amid peaceful referendum
An independence referendum in Bougainville has reignited interest in copper mining in the South Pacific island, causing a surge in the shares of the former operator of the mine that sparked the region's war to secede from Papua New Guinea. Shares in Bougainville Copper Ltd (BCL), the former operator of the giant Panguna gold and copper mine, have more than tripled since early last week to trade at above A$0.40 late on Tuesday. 

Nov 26 - India probe finds SKF, Schaeffler, Tata Steel units colluded on bearings prices
An Indian antitrust probe has found that units of Tata Steel Ltd, Sweden's AB SKF and Germany's Schaeffler AG colluded on the pricing of bearings, according to an investigation report seen by Reuters. The Competition Commission of India (CCI) began an investigation in 2017 after receiving allegations of five companies colluding on bearings prices from 2009-2014 to pass higher raw material costs onto customers in the auto sector.

Nov 26 - Kirkland shares fall after Canadian miner offers $3 bln for Detour Gold
Canadian miner Kirkland Lake Gold Ltd's shares fell as much as 16% in Toronto on Monday after investors reacted negatively to the hefty premium it agreed to pay to buy smaller rival Detour Gold Corp in an all-stock deal. The latest deal in a raft of gold sector consolidation adds a third major asset to Kirkland's portfolio, adding annual production of around 600,000 ounces. 

Nov 26 - Australia's Evolution Mining to buy Canadian gold mine from Newmont Goldcorp
Australia's Evolution Mining Ltd on Tuesday agreed to buy Canadian gold mining complex Red Lake from Newmont Goldcorp Corp for $375 million in cash. 
Evolution also agreed to pay an additional $100 million upon new resource discovery at the mine. "Red Lake is an under-capitalised asset which, through a committed investment in development and exploration, is intended to become a cornerstone asset in the Evolution portfolio," said Jake Klein, Evolution's executive chairman. 

Nov 26 - Chile urges copper mining companies to stay calm amid unrest
Chile, the world's top copper producer, reassured jittery mining companies on Monday, saying it would do everything possible to provide a business-friendly environment even as a month of riots across the country have left more than 20 dead and billions in damages. Chile's copper mines have mostly maintained production and kept operations running normally in the face of the unrest, with only scattered incidents reported. 

Nov 26 - Australia's Metals X suspends operations at Nifty Copper Mine
Australian copper miner Metals X on Tuesday said it will immediately suspend operations at its Nifty Copper Mine in Western Australia following an operational review and its shares fell 13% after the announcement. The miner said production at Nifty had 'plateaued' in recent weeks, and the review identified that it was unlikely to achieve planned production at an acceptable cost and within its previously expected time frame.

Nov 26 - Vedanta warns it may have to process ore outside South Africa
Vedanta, one of South Africa's biggest international investors, will process its zinc ore elsewhere unless the country can fix its power problems, the CEO of Vedanta unit Vedanta Zinc International said. South Africa has suffered rolling blackouts and the debts of state power company Eskom have sapped the country's economy.

Nov 25 - As lithium prices drop, private equity investors hunt for deals
Private equity groups and other investors have grown emboldened by the lithium industry's malaise, forging plans to invest billions of dollars in mining projects to develop the electric vehicle battery metal. A more than 50 percent drop in lithium prices since 2018 has unnerved industry executives, fueling cuts to capital spending and halting expansions. Shares in major lithium producers have dropped as a result, exacerbating retail investor anxiety. 

Nov 25 - China's Oct scrap metal imports slide, alumina jumps
China's imports of scrap metal in October fell 42.9% from the previous month to 160,000 tonnes, data released by the General Administration of Customs showed on Saturday. China tightened curbs on scrap imports from July as part of an environmental crackdown but will reclassify high-grade copper and aluminium scrap from waste to raw material early next year, according to China Nonferrous Metals Industry Association's recycling arm, possibly easing supply constraints. 

Nov 25 - Italy to restart talks with ArcelorMittal over ailing Ilva steel plant
Steelmaker ArcelorMittal has agreed to immediately restart talks with the Italian government over the future of the Ilva plant, Prime Minister Giuseppe Conte said after a four-hour meeting with the company. Rome and ArcelorMittal are on the brink of a legal battle as the latter tries to walk away from a 2018 deal to buy the steel plant in the southern city of Taranto, which directly employs around 8,200 workers in one of Italy's least prosperous areas. 

Nov 25 - EU takes Indonesia to WTO over nickel ore export curbs
The European Union launched a complaint at the World Trade Organization (WTO) on Friday against Indonesia's curbs on exporting nickel and other raw materials, which are designed to benefit its own smelting and stainless steel industries. The European Commission, which coordinates trade policy in the 28-member EU, said the restrictions unfairly limited EU producers' access to nickel ore in particular, as well as to scraps, coal and coke, iron ore and chromium.

Nov 25 - Indonesia state miner secures loans for Vale Indonesia stake deal
Indonesia's state mining holding company Mining Industry Indonesia has secured loans from two Japanese banks and a state bank to finance a stake acquisition from PT Vale Indonesia, a director said on Monday. The state company has agreed to acquire a 20% stake in nickel company Vale Indonesia as foreign controlled miners are required to reduce their ownership to at least 49%.

Nov 25 - Potash a key focus for Ethiopia's mining push - draft document
Ethiopia will prioritise potash and construction minerals in a push to attract investment from large-scale miners, according to a draft policy document reviewed by Reuters ahead of an expected government announcement on Monday. Ethiopia is looking to woo foreign mining companies to kick-start development of its vast mineral resources to plug a large trade deficit. Most existing mineral extraction is artisanal.

Nov 25 - How jihadists struck gold in Africa's Sahel
People around Pama, a West African town on the edge of vast forested conservation areas, had long been forbidden by their government to dig for gold in the reserves, to protect antelope, buffalo and elephants. In mid-2018, men wearing turbans changed the rules. 

Nov 25 - 'Green' steel needs innovative financing to meet huge bills - HSBC
Steel, the biggest industrial contributor to climate change, needs innovative financing such as "transition bonds" to help pay the massive costs of turning green, the head of HSBC's sustainable think tank said. Making steel is energy intensive, often using coal, and contributes about 7% of total global emissions of carbon dioxide.

Nov 22 - China to speed launch of rare earth futures contracts, Shanghai exchange says
China will accelerate the launch of futures contracts for rare earths, used in devices such as mobile telephones and batteries, an official of the Shanghai Futures Exchange said on Friday. The exchange will also hasten its launch of alumina futures, Chen Ye, the head of its commodity department, told an industry conference, without saying which rare earth contract would be launched, or when. 

Nov 22 - Lithium miner SQM dodges impacts from Chile protests, hit by lower prices
Chilean miner SQM, the world's No. 2 lithium producer, said a month of violent protests in the South American nation would not dent the company's sales or volume forecasts for 2019. Protests over inequality paralyzed major cities in the South American nation for weeks, leaving at least 23 dead, hobbling public transportation networks and causing around $1.5 billion in damages to private business.

Nov 22 - Rio Tinto faces having to renegotiate terms of Mongolian copper project
Rio Tinto faces renegotiating the terms of an agreement underpinning its Mongolian copper mine project, after lawmakers on Thursday approved plans to revise the deal to make it more beneficial for Mongolia. The Oyu Tolgoi mine, Mongolia's biggest foreign investment project, has already been subject to delays and ballooning costs, leaving Mongolian lawmakers impatient for income, while Rio Tinto says it has invested billions.

Nov 22 - Global nickel market deficit expands in Sept to 3,200 T - INSG
The global nickel market deficit widened to 3,200 tonnes in September from a revised shortfall of 300 tonnes the previous month, the International Nickel Study Group (INSG) said on Thursday. In the first nine months of the year there was a global deficit of 50,800 tonnes, compared to a deficit of 122,800 tonnes in the same period of 2018, Lisbon-based INSG added.

Nov 22 - Thyssenkrupp shares plunge as new CEO paints bleak picture
Thyssenkrupp's new boss scrapped the German industrial group's dividend, warned of deeper losses and asked investors for yet more patience over its turnaround, sending shares in the conglomerate down as much as 14.5% on Thursday. The moves immediately turned up the pressure on Martina Merz, who served as chairwoman before taking over as CEO, to quickly sell the company's elevators business - a prize asset it has put on the block to try to mend its finances. 

Nov 22 - Swiss chide EU over steel import curbs
Switzerland criticised on Thursday measures the European Union has adopted to curb steel imports amid a global trade spat, saying they harmed the Swiss steel industry. The European Commission last month revised safeguard measures introduced in July 2018 and decided to reduce the annual increase in quota volumes, the government said in a summary of talks on the status of a bilateral free trade deal.

Nov 22 - Japan Oct crude steel output dips for 4th month as some plants remained shut
Japan's crude steel output fell 4.9% in October from a year earlier, marking a fourth straight monthly drop, as some plants remained shut following typhoons and fires, the Japan Iron and Steel Federation said on Thursday. Crude steel output, which is not seasonally adjusted, declined to 8.16 million tonnes in October from a year earlier, although it was up 1.5% from September.

Nov 22 - Germany fines BMW, Daimler, Volkswagen for forming steel cartel
Germany's cartel authority said on Thursday it was fining the country's three major carmakers - BMW, Volkswagen and Daimler - a total of 100 million euros for forming a cartel to buy steel. From 2004 to 2013, the carmakers regularly met steelmakers and other companies in the supply chain to discuss uniform surcharges when purchasing steel, the cartel office said.

Nov 22 - De Beers Namibian diamond venture seeks tax breaks to extend operations
Namdeb, a joint venture between the Namibian government and Anglo American's diamond unit De Beers Group, said on Thursday it was in talks with the government about tax breaks to extend its land-based operations beyond 2023. Diamond mining is the largest taxpayer in Namibia and generates 20% of the southern African country's export earnings.

Nov 21 - Freeport, Chinese copper smelters agree lower 2020 treatment charges
Miner Freeport-McMoRan Inc and two large Chinese copper smelters on Thursday agreed a 23% cut in annual treatment and refining charges (TC/RCs) for 2020, pushing the industry benchmark to a nine-year low. Freeport settled with Jiangxi Copper and Tongling Nonferrous Metals in two separate deals at the same price, Javier Targhetta, president of Atlantic Copper and senior vice president for marketing and sales at Freeport told Reuters.

Nov 21 - Silver oversupply shrinks as global demand edges higher - Metals Focus
Silver demand will creep up by 1% this year, reducing global oversupply of the metal to the lowest since 2015, consultancy Metals Focus said in a report. Slowing global economic growth amid an ongoing U.S.-China trade dispute has weakened demand for silver from some industries, according to the Metals Focus / Silver Institute Interim Silver Market Review. 

Nov 21 - LME may create green aluminium mark for inventories
The London Metal Exchange is considering creating a new market for "green" aluminium, using warehouse ownership documents to identify low-carbon material instead of spinning off a new futures contract, its chief executive said on Wednesday. The 142-year-old LME said last month it was in discussions with the metals industry over how to support the transition to a low-carbon economy, especially in aluminium. 

Nov 21 - Canadian miner Teck hires Barclays to sell Peru mine stake - sources
Canada's Teck Resources Ltd has hired Barclays to sell all of its 80% stake in its Zafranal copper asset in Peru, as the diversified miner accelerates efforts to exit advanced projects and focus on its massive Chilean expansion, two banking sources told Reuters on Wednesday. Teck is likely to sell or seek a partner for Zafranal, Chief Executive Officer Don Lindsay has said.

Nov 21 - Trade commission finds Chinese aluminum wire, cable export harms U.S. industry
The U.S. International Trade Commission (ITC) on Wednesday said it had determined that U.S. industry was materially injured by below-cost imports of aluminum wire and cable from China, locking in U.S. antidumping and countervailing duties. The U.S. Commerce Department in October said its final determination that Chinese exporters sold aluminum wire and cable at less than fair value in the United States. Such imports from China amounted to $115 million in 2018, it said.

Nov 21 - Russian businessman Potanin says he may raise stake in Nornickel
Russian businessman Vladimir Potanin, the biggest shareholder in Norilsk Nickel, said on Wednesday he may raise his stake in the Russian mining giant if the opportunity arises. Potanin currently owns 34.6% of Nornickel, the world's largest palladium producer with a market value of $43.6 billion which also vies with Brazil's Vale to be the world's top nickel producer.

Nov 21 - AngloGold reaches deal with Guinea to resume gold production
South African mining firm AngloGold Ashanti reached an agreement with Guinea's government on Wednesday to resume operations at its Siguiri gold mine, which were suspended last week, the Guinean mines minister said. AngloGold suspended production at the mine, in which it holds an 85% stake, after protesters from the community invaded the site last Friday to demand the tarring of a road.

Nov 21 - Indonesia president: domestic processing of resources to resolve deficit problem
Indonesian president Joko Widodo said on Wednesday the govnerment's policy of processing natural resources at home will end the country's current account deficit problem within three years. Indonesia has had persistent current account deficit since late-2011. Last year's current account deficit was equal to 3% of gross domestic product.

Nov 20 - Chinese smelters need treatment charges higher than current spot rate
Two leading Chinese copper smelters need charges for processing copper concentrate into metal to be higher than the current spot rate to avoid losing money, as they negotiate with miners on a benchmark for 2020, company executives said on Wednesday. Jiangxi Copper Co needs treatment and refining charges (TC/RCs) of around $75 a tonne and 7.5 cents a pound to avoid losing money, its vice president of trading Xu Yuanfeng said on Wednesday on the sidelines of the Asia Copper Conference.

Nov 20 - U.S. SEC opens preliminary probe of Vale over dam tragedy - O Globo
The U.S. Securities and Exchange Commission has opened a preliminary investigation of iron ore miner Vale over the collapse of a Brazilian mining waste dam that killed more than 250 people in January, Brazil's O Globo newspaper reported on Tuesday. The U.S. regulator decided to proceed with the probe of the Brazilian company last week after a meeting with Brazilian prosecutors and the CVM, the country's own market watchdog, the paper reported, without citing sources.

Nov 20 - Nornickel's plan to cut dividends needs scrutiny - shareholder EN+
Norilsk Nickel's plan to reduce dividends to fund investments to boost output and cut emissions requires scrutiny as dependable payouts are critical for shareholders, major stakeholder EN+ told Reuters on Tuesday. Norilsk Nickel, a major nickel and palladium producer, said on Monday that it would cut dividends in 2023-2025 as the Russian company's annual capital expenditure peaks at $3.5-$4 billion in 2022-2025. 

Nov 20 - Tata Steel faces battle with unions over plans to cut up to 3,000 European jobs
Steelworkers in Britain and the Netherlands said on Tuesday they would fight Tata Steel's plans to cut up to 3,000 jobs across its European operations, as the sector wrestles with excess supply, weak demand and high costs. Indian-owned Tata announced the cuts late on Monday as part of wider efforts to boost profitability in Europe, saying around half of the losses would be in the Netherlands and around two-thirds would be office-based roles.

Nov 20 - Australia, U.S., to cooperate on critical minerals, rare earths
Australia and the United States will support projects to develop critical minerals and rare earths, an Australian government minister said on Wednesday, signalling deeper cooperation in a market dominated by Chinese supplies. Australian Minister for Resources and Northern Australia Matt Canavan and U.S. Commerce Secretary Wilbur Ross laid the groundwork for collaboration in financing such projects in talks in Washington, Canavan's office said in a statement.

Nov 20 - Italian police search ArcelorMittal offices over Ilva probe
Italian police are searching ArcelorMittal's offices in Milan and the southern city of Taranto in an investigation into the troubled Ilva steel plant, which the company wants to hand back to the government, ArcelorMittal said in a statement. The company said it was providing the "information requested". A police spokesman did not immediately respond to a request for comment. 

Nov 20 - JFE Steel teams with China Baowu affiliate on high-grade bar steel
Japan's JFE Steel has agreed to set up a joint venture company with an affiliate of China Baowu Steel Group to produce high-grade bar steel in China, aiming to meet demand mainly from China-based Japanese automakers. Under the deal, JFE will pay 689 million yuan ($98 million) for a 50 percent stake in Baosteel Special Steel Shaoguan Co Ltd (BSSS), a unit of China Baowu affiliate Sgis Songshan Co Ltd (SGIS), SGIS said in a Shenzhen Stock Exchange filing.

Nov 20 - Sycamore Mining signs deal with Guinea to redevelop Kiniero gold mine 
Cyprus-based investment firm Sycamore Mining on Tuesday signed a pact with Guinea’s government to redevelop the Kiniero gold mine in the country's east, the minerals minister said. Sycamore and three other mining companies had made takeover bids for the mine, which has been out of production since Canada’s Semafo placed it under care and maintenance in 2014 and sold it to New Dawn Mining.

Nov 20 - EU launches probe into Aurubis acquisition of Metallo
European Union antitrust regulators have opened an in-depth investigation into German copper giant Aurubis's planned acquisition of Belgian-Spanish recycling firm Metallo Group, they said on Tuesday. The commission will assess the merger between Europe's two leading copper scrap refiners "to ensure the transaction would not negatively affect competition in this important sector", EU competition commissioner Margrethe Vestager said.

Nov 20 - Russia's VTB believes Mechel can service its debt - CEO
Russian state bank VTB, one of the two key lenders to steel and coal producer Mechel, believes that the miner can service its debts, VTB Chief Executive Andrey Kostin told Reuters. Mechel, which has agreed on a repayment schedule with Russian banks several years ago, has again asked banks this year, including VTB, to push back debt payments to 2024-2026 from 2020-2022.

Nov 19 - Tata Steel plans to cut up to 3,000 European jobs
Tata Steel plans to cut up to 3,000 jobs across its European operations, the company said on Monday, as the sector wrestles with excess supply, weak demand and high costs. Earlier, a source close to the discussions told Reuters around 3,000 people would be affected after the group's European chief executive Henrik Adam said Tata was planning to announce job cuts across the European business without giving figures. 

Nov 19 - Barrick seeks to eclipse $1.5 bln asset sales target, eyes more copper
Canadian miner Barrick Gold Corp is keen to top its $1.5 billion target for asset sales after shedding its half of the Super Pit gold mine in Western Australia, Chief Executive Officer Mark Bristow said on Monday. Australia's Saracen Mineral Holdings Ltd agreed on Monday to buy Barrick's 50% stake of the Kalgoorlie Consolidated Gold Mines Joint Venture, which operates one of Australia's largest gold mines, for $750 million. Newmont Goldcorp Corp holds the other 50% share. 

Nov 19 - Mine workers demanded more protection before deadly Burkina Faso attack
Five months before an ambush killed 39 colleagues, local workers at a Canadian-owned gold mine in Burkina Faso pleaded with managers to fly them to the site rather than go by a road that was prone to attacks, two people present at the meeting said. The employees wanted the same protections as expatriate staff who had been flying to the mine in helicopters since three workers were killed in two earlier attacks in August 2018.

Nov 19 - Australia signs critical minerals research agreement with U.S.
Australia's minerals agency has signed a deal with its United States counterpart to jointly develop a better understanding of both countries' critical minerals reserves, Australia said on Tuesday. GeoScience Australia and the United States Geological Survey (USGS) signed the agreement, which did not mention any specific funding, that will also look at better quantifying the global supply potential of critical minerals such as rare earths, Australia's Resources Minister said in a statement. 

Nov 19 - Arcelormittal says will halt winding down of Italy's Ilva steel plant
ArcelorMittal said on Monday it would halt a planned shutdown of struggling Italian steelmaker Ilva pending a court ruling over the company's decision to walk away from the deal, adding it would wait until the court's decision. In a separate statement, trade unions at the Ilva plant said ArcelorMittal had said it would resume operations pending the legal ruling.

Nov 19 - Indonesia hopes for environmental nod soon for battery-grade nickel plants
Indonesia's coordinating minister who oversees mining said on Monday he hoped environmental impact studies for factories to produce battery-grade nickel chemicals would be completed by the end of the year. The studies, known as AMDAL, need to be completed and approved by the environment ministry before investors can proceed, such as China's stainless steel giant Tsingshan Group which aims to build a high-pressure acid leaching (HPAL) plant.

Nov 19 - Proposed standards for mining waste dams draw concerns from industry trade group
The world's largest mining trade group said on Monday it has concerns with global standards for mining waste dams being crafted by an independent panel of academics and engineers, especially how the new rules will apply equally to new and existing facilities. The public lobbying of an ostensibly neutral process is likely to rankle environmentalists, indigenous groups and others who have long demanded miners do more to bolster safety at tailings dams, which are used to store the muddy detritus of the mining process and can be dozens of meters high.

Nov 19 - Russia's Rusal faces tough market for aluminium even after sanctions dropped
Russian aluminium group Rusal has faced tough negotiations with clients over 2020 supply contracts as trade wars and an economic slowdown have created a "buyer's market" for the metal, its sales director said. Rusal entered the aluminium "mating season" - when customers and producers get together to strike deals - hoping to win back clients lost a year ago, when U.S. sanctions hit the company's bottom line and roiled world aluminium markets.

Nov 19 - Nornickel plans to cut dividends to boost investment
Norilsk Nickel has proposed cutting dividends as part of a plan to increase investment in projects that will boost output and cut noxious emissions, Vice President Sergey Dubovitsky said at an investor briefing in London on Monday. Russia's Nornickel, a major nickel and palladium producer, expects annual capital expenditure to peak at $3.5-4.0 billion a year between 2022 and 2025, a company presentation showed on Monday.

Nov 18 - Copper Key: Unlocking the trends ahead of Asia Copper Week
Asia Copper Week, one of the biggest industry gatherings in the region, starts Monday with miners, traders, warehouse operators, analysts and executives from the world's biggest copper companies set to descend on Shanghai. The week will be full of contract meetings, presentations and networking events where the industry will discuss deals and the outlook for copper demand amid the ongoing U.S.-China trade war.

Nov 18 - Saracen Mineral to buy Barrick's Super Pit gold mine stake for $750 mln
Australia's Saracen Mineral Holdings Ltd said on Monday it would buy Canadian-listed Barrick Gold Corp's 50% stake in the Super Pit gold mine in Western Australia for $750 million. The Super Pit is one of Australia's largest gold mines with an average production of 660,000 ounces per annum at an all-in sustaining cost of about A$1,100 per ounce, according to Saracen.

Nov 18 - S.Africa's platinum mining firms, top union end 'titanic battle' as they seal wage deal
South Africa's biggest platinum mining union sealed three-year wage hike agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater on Friday, ending months of negotiation over pay. The deal comes as a relief to the sector, where officials were fearful of a repeat of a five-month platinum strike in 2014-2015 which crippled production and hurt the economy.

Nov 18 - Italy files appeal to stop ArcelorMittal walking away from Ilva
Italy's government filed an urgent court appeal on Friday to try to stop ArcelorMittal walking away from a 2018 deal to buy the troubled Ilva steel plant, as a union said the group was preparing to leave on Dec 4. ArcelorMittal has blamed a government move to scrap previous guarantees of legal immunity during a massive clean-up operation at Ilva's heavily polluted plant in the southern city of Taranto. 

Nov 18 - Australia's Galaxy Resources to cut costs, volumes at flagship mine 
Australian lithium miner Galaxy Resources on Monday said it will focus on cutting costs and volumes at its flagship Mt Cattlin mine in 2020, following weak market conditions in the sector. Galaxy said in a statement it will implement a lower activity mine plan at Mt Cattlin to maintain positive cash margins and preserve resource life.

Nov 18 - Protest forces AngloGold Ashanti to suspend Guinea gold mine
South African miner AngloGold Ashanti suspended its gold mining operations in Guinea after a community protested on its Siguiri mining site, its Guinea subsidiary Societe Aurifère de Guinee (SAG) said in a statement. Protesters from the Fatoyah community invaded the site on Friday, erected barricades and disrupted production in order to demand the tarring of a road. SAG had to suspend its operations to safeguard its staff and property, the company said.

Nov 18 - India's top court clears path for ArcelorMittal to acquire Essar Steel
India's Supreme Court cleared the path on Friday for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, following a legal tussle that has dragged through multiple courts for over two years. “We are very pleased with the judgment that our resolution plan has been approved. We look forward to the closing of the acquisition soon,” said an ArcelorMittal’s spokesperson.

Nov 18 - WTO rejects most Indian claims against U.S. steel duties
World Trade Organization adjudicators on Friday rejected most of India's claims that the United States was not respecting an earlier WTO ruling related to anti-subsidy duties on Indian steel. India had complained that the United States failed to meet an April 2016 deadline to comply with a WTO decision that faulted it over its imposition of "countervailing" duties on hot-rolled carbon steel products from India.

Nov 18 - Australia's Alderan Resources partners with Rio Tinto Group member for Frisco Project
Australia's Alderan Resources said on Monday that its unit had partnered with Kennecott Exploration Company, a member company of the Rio Tinto Group, to help fund the Alderan's Frisco Project in Utah, United States. Under the terms of the agreement, Kennecott can spend up to $30 million to earn up to a 70% stake in the project over three stages and establish a joint venture, acting as its manager. 

Nov 18 - Public consultation launched on global tailings dam standards
A Swiss environmental expert launched on Friday a six-week public consultation as he spearheads efforts to create new global standards next year following the Vale dam disaster in Brazil. The safety of dams used to store mining waste, known as tailings, gained prominence after the collapse of Vale's dam at Brumadinho, Brazil, in January that killed an estimated 300 people.

Nov 15 - Vale uses Dalian iron ore price to ink spot supply deal with China steelmaker 
Brazilian miner Vale SA has signed a physical iron ore spot deal to supply a Chinese steel firm using the Dalian Commodity Exchange (DCE) iron ore price, the bourse said in a statement on Thursday. The deal comes as China aims to play a more muscular role in pricing for the steel-making ingredient, as well as in global derivatives markets, and is the first time an international miner has used a Chinese mainland iron ore futures price for a spot physical trade. 

Nov 15 - China's Chalco to ship first bauxite from Boffa mine by early-Dec 
Aluminum Corp of China Ltd, known as Chalco, is set to make its first shipment from Boffa's bauxite mine in Guinea by early-December, an official from parent and state-owned company Chinalco said on Thursday. A Chinalco official said last month at the China Mining conference in Tianjin that the Boffa launch had been delayed until 2020. Operations at the mine are now expected to be underway by early-December and it will eventually produce 12 million tonnes of bauxite a year. 

Nov 15 - India's top court clears path for ArcelorMittal to acquire Essar Steel 
India's Supreme Court cleared the path on Friday for steelmaker ArcelorMittal SA to take over bankrupt Essar Steel, following a legal tussle that has dragged through multiple courts for over two years.  The highest court said operational creditors could not be treated on a par with financial creditors of a bankrupt company, in a ruling that provides relief to lenders and sets a precedent that could speed-up the resolution of other insolvency cases. 

Nov 15 - Argentina's lithium producers hopeful as Fernandez set to take power 
Argentina's lithium producers are cautiously optimistic that President-elect Alberto Fernandez's incoming administration will not restrict capital flows or set other policies that could hamper their ability to supply the electric vehicle battery metal. Fernandez, a member of the Peronist party that has supported more economic intervention by government, defeated business-friendly incumbent Mauricio Macri in last month's election. 

Nov 15 - China Hongqiao hires International Aluminium Institute's Knapp as adviser 
China Hongqiao Group, the world's biggest aluminium producer, has hired outgoing International Aluminium Institute (IAI) secretary general Ron Knapp as an international adviser with effect from Jan. 1 next year, Knapp told Reuters on Friday.  Knapp, who became secretary-general of the London-based IAI in December 2008, will step down at the end of this year to be replaced by Miles Prosser, who joins from the Australian Aluminium Council. 

Nov 15 - Ecuador opens first large-scale gold mine with Canada's Lundin 
Canadian miner Lundin Gold Inc inaugurated its Fruta del Norte gold mine in the Ecuadorean Amazon on Thursday, as market-friendly President Lenin Moreno seeks to attract mining investment to diversify the stagnant oil-dependent economy.  The mine, whose proven reserves include some 4.8 million ounces of gold and 6.3 million ounces of silver, is expected to produce some 310,000 ounces of gold and 400,000 ounces of silver during its 15-year life span. It is expected to involve some $2.7 billion in investment, Ecuadorean government data show.

Nov 14 - Global miner BHP taps Australia head Henry as new CEO 
BHP Group Ltd on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner's chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant. Mackenzie, 62, will step down on Dec. 31 ending nearly seven years in charge of the biggest global miner, during which time he overhauled the company, spinning off a raft of assets and cutting costs sharply.

Nov 14 - China Oct steel output hits 7-mth low on National Day, lower margins 
China's steel output fell to a seven-month low in October, official data showed on Thursday, as operations at mills were crimped by a week-long national holiday and shrinking profits.  The world's top steel-making country produced 81.52 million tonnes of crude steel in October, down from both 82.77 million tonnes in September and 82.55 million tonnes a year earlier, data from the National Bureau of Statistics showed. That marked the lowest level since March. 

Nov 14 - China-backed consortium wins $14 bln Guinea iron ore deal, pipping Australia's Fortescue 
A consortium representing Chinese, French and Singaporean interests won a $14 billion tender to develop part of Guinea's Simandou iron ore project, sources familiar with the talks told Reuters, edging out Australia's Fortescue Metals Group. The consortium - which includes Société Minière de Boké (SMB) and Singapore's Winning Shipping as well as Guinean government interests - has committed to develop blocks 1 and 2 of the largest known deposit of its kind, holding more than 2 billion tonnes of high-grade ore.

Nov 14 - Hidden zinc stocks cloud upcoming surge in supply 
Hidden zinc inventories are helping to keep stocks low in exchange-approved warehouses and prop up prices, but increasing production is due to hit the market in coming months. Zinc, mainly used for galvanising steel, has been the best performer on the London Metal Exchange over the past three months, gaining 4.7% versus a 0.3% rise for copper.

Nov 14 - European steel leaders seek scrutiny of Chinese British Steel rescue 
European steel lobby Eurofer plans to raise concerns with the European Commission over Chinese group Jingye's proposed rescue of British Steel, saying the deal may flout rules on fair competition. In what would be the first takeover by a Chinese company of steel mills in the European Union, Jingye said on Monday it had reached a provisional agreement to buy British Steel and promised to invest 1.2 billion pounds ($1.5 billion) over the next decade. 

Nov 14 - China in focus as West debates critical minerals challenge 
Western powers will attend talks in Brussels next week on curbing China's dominance of rare earths and other critical resources and EU officials will present their vision to create entire green supply chains. The talks, on Nov. 19, have taken place annually for much of this decade, bringing together diplomats and industry representatives from the European Union, Japan and United States.

Nov 14 - China Oct aluminium output slips on smelter shutdowns 
China's aluminium production in October fell 0.7% from the previous month, official data showed on Thursday, as smelter shutdowns continued to weigh on output.  China, the world's biggest producer and consumer of aluminium, churned out 2.88 million tonnes of the metal last month, the National Bureau of Statistics said. That was slightly down from 2.9 million tonnes in September and down 1.8% from a year earlier.  

Nov 14 - Philippines' Philex sees 4 MT/yr copper-gold ore from Silangan by 2023 
Philex Mining Corp said on Thursday it expects to produce up to 4 million tonnes per year of high-grade copper and gold ores from its $1.1 billion Silangan project in southern Philippines by 2023. Silangan is a large-scale mine that the Philippine miner plans to fully develop within two-and-a-half years. Philex is looking for a strategic partner for the project, which the miner aims to finalise within the first half of 2020 along with contracts that will pave the way for development.

Nov 14 - China's Chalco to ship first bauxite from Boffa mine in early Dec 
Aluminum Corp of China Ltd, also know as Chalco, is set to make its first shipment from the Boffa bauxite mine in Guinea in early December, an official from parent and state owned company Chinalco said on Thursday. "The mining operation has already started and the first output will be shipped to China at the beginning of December", Chen Qi, deputy general manager of Chinalco said at an industry conference. 

Nov 14 - Australia's Independence Group reviewing Panoramic offer after weak outlook 
Metals miner Independence Group NL on Thursday said it was reviewing its takeover bid of smaller peer Panoramic Resources Ltd after the latter flagged underperformance at a key nickel project and said it would likely need to raise funds. Independence, which last week made a A$312 million ($213.88 million) all-scrip bid for Panoramic, requested the nickel miner's board for due diligence access while noting that Panoramic had breached certain terms of the offer. 

Nov 14 - Australia's Pilbara Minerals to reopen Pilgangoora lithium project shortly - CEO 
Australia's Pilbara Minerals Ltd should resume operations at its Pilgangoora lithium-tantalum project in Western Australia "within hours" after it was closed following the death of an employee last weekend, its chief executive said on Wednesday.  An altercation amongst contractors on the remote site led to the death and temporarily shut down operations, CEO Ken Brinsden told an electric vehicle supply chain conference in Los Angeles.

Nov 13 - Lithium producers hit by first big downturn of electric vehicle era 
The burgeoning lithium industry, which produces the powerhouse metal used to make electric vehicle (EV) batteries, has entered its first major downturn, an unwelcome bruising for investors eager to help combat climate change. Albemarle Corp, Tianqi Lithium Corp and others have been producing more lithium than automakers need. Global supply exceeds demand by about 5 percent, according to Canaccord data.  

Nov 13 - Chilean copper mines struggle on despite protest road blocks and shift delays 
Most of Chile's copper miners said they had maintained their operations on Tuesday, albeit with some delays and sporadic unrest, amid calls for a general strike and a fresh day of social protests, unions and management teams told Reuters. To date, copper production in the world's largest producer of the red metal has not been significantly hurt by more than three weeks of protests pushing demands for improvements in pensions, health and education.

Nov 13 - Indonesian nickel miners consider selling ore locally ahead of 2020 ban 
Indonesia's nickel miners are prepared to sell their ore to local smelters if they are offered competitive pricing compared with overseas buyers, the secretary general of the nickel miners association Meidy Katrin Lengkey said on Tuesday. Indonesia, the world's biggest nickel ore exporter, allowed nine nickel companies to resume ore exports this week, after halting shipments for two weeks to investigate reports of export rule violations. Two more companies are expected to resume exports later this week.  

Nov 13 - London Metal Exchange proposes 6-month delay to telephone trading compliance 
The London Metal Exchange (LME) said on Tuesday it would take an extra six months to make its telephone trades compliant with transparency requirements set by European regulators. The deadline for compliance with the European Securities and Markets Authority's (ESMA) rules is Jan. 1, 2020.

Nov 13 - Australia's Port Hedland iron ore shipments to China slip in October 
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, slipped 0.7% in October from a month earlier, port data showed on Wednesday. Shipments to China totalled 35.78 million tonnes in October, down from 36.05 mln tonnes in September, the Pilbara Ports Authority said.

Nov 13 - "Premature" to talk about alternatives to ArcelorMittal for Ilva plant - minister
Italy's foreign minister said on Wednesday it was "premature" to talk about alternatives to ArcelorMittal for rescue of the Ilva steel plant in the southern city of Taranto.  The future of Europe's largest steel plant was left in the balance last week when the world's biggest steelmaker said it was withdrawing from a 2018 deal to acquire Ilva.

Nov 13 - Zimbabwe to rigorously enforce "use it or lose it" policy on mining claims 
Zimbabwe will vigorously enforce the "use it or lose it" policy on mining claims to force companies to develop their assets and not to keep the title for speculative purposes, mines minister Winston Chitando said. Chitando said some investors had not developed gold and platinum assets that they had held on to for many years and the mines ministry had asked some companies to justify why they should keep their claims to those assets.

Nov 13 - EEX Group buys commodities business of Nasdaq Futures 
Energy exchange EEX Group said on Tuesday it had agreed with U.S.-based Nasdaq Futures (NFX) to buy NFX's futures and options exchange business as it continued to expand its presence in U.S. energy markets and in sea-borne commodities. Under the deal, EEX, part of Deutsche Boerse, would receive NFX' core assets, it said in a statement. 

Nov 13 - First Cobalt seeks government backing to restart Canadian refinery
First Cobalt Corp is in advanced talks with Canada's Ontario province to finance the $37.5 million required to restart its idled cobalt refinery, President and Chief Executive Officer Trent Mell said in an interview on Tuesday. If successful, such a deal would reduce First Cobalt's funding reliance on Glencore Plc, which in July agreed to extend $45 million in loans to develop the project in stages. 

Nov 13 - South Africa's AMCU mining union seals platinum wage deals 
South Africa's biggest platinum mining union has sealed wage agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater, the union said in a statement sent to media on Tuesday.  The Association of Mineworkers and Construction Union (AMCU) has been negotiating with the country's biggest platinum miners since June, and in October referred the dispute with Amplats and Sibanye-Stillwater to a government dispute resolution body.

Nov 12 - China's Jingye Group agrees outline deal to rescue British Steel 
China's Jingye Group said on Monday it has reached a provisional deal to buy British Steel and promised to invest 1.2 billion pounds ($1.5 billion) over the next decade and save thousands of jobs. An agreement is of major political significance as Britain prepares to elect a new government on Dec. 12. The lack of opportunities in northern England, where British Steel is based, is an election issue, as the social gap between north and south widens.

Nov 12 - Indonesia allows nine companies to resume nickel ore exports
Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country's customs office, said on Monday. Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada, according to an official document reviewed by Reuters and verified by a mining ministry official on Monday.

Nov 12 - Funds are starting to turn more bullish on copper: Andy Home 
Whisper it softly, but there are the very first signs that funds are turning more friendly to Doctor Copper. London Metal Exchange (LME) copper has been locked into a sideways trading pattern since the middle of the year with robust internal dynamics swamped by the broader, negative macro story.

Nov 12 - In Kimberley, the world's diamond capital, illicit mining fight flounders 
The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade. The project was launched 18 months ago in Kimberley, the site of a 19th-century diamond rush that lured fortune-seekers from the world over. Mine owners granted more than 800 unlicensed, or informal, small-scale miners the right to legally mine around 1,500 acres of diamond-rich waste fields.

Nov 12 - Antaike sees obstacles to lifting curbs on Chinese scrap copper imports
A push to ease restrictions on high-quality scrap copper imports into the world's biggest metals consumer China may run into "technical obstacles", Antaike, the research arm of the China Nonferrous Metals Industry Association, said on Monday. Since July, only firms with import quotas have been allowed to bring in scrap copper from overseas, part of a broader curb on waste imports into China linked to environmental concerns. 

Nov 12 - Nationalising Italy's Ilva steel plant would cause trouble with EU-Deputy Econ Min
Nationalising the troubled Ilva steel plant would create problems with the European Commission, and the government should work on a "market solution" if ArcelorMittal pulls out of a contract to take over the site, Italy's Deputy Economy Minister Antonio Misiani said on Tuesday. ArcelorMittal said last week it was withdrawing from a 2018 deal to acquire Ilva's site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area.

Nov 12 - JFE executive: FY19/20 steel segment profit to dip to the lowest since 2002 
JFE Holdings Inc expects profits from its steel segment will fall to zero in the year to March 2020, the lowest since its establishment in 2002, due to slumping Asian markets and weaker local demand, Executive Vice President Masashi Terahata said on Tuesday. Japan's second-biggest steelmaker slashed its full-year net profit forecast by 63% to 33 billion yen ($302 million) after reporting a 71% plunge in its April to September profit.

Nov 12 - Gold-silver bars worth at least $6 mln stolen from Mexican miner
Gunmen robbed a truck carrying bars made of doré - a gold and silver alloy - from a unit of Mexican mining firm Fresnillo, the company said late on Sunday. The subsidiary, Minera Penmont, said in a statement that the incident occurred on Friday, without providing details. The bars were worth between $6 million to $8 million, but were insured, it added.

Nov 11 - China raises annual rare earth output quotas to record high 
China lifted its annual rare earth output quotas on Friday by 10% to record-high levels for 2019, potentially easing fears the world's dominant producer of the group of 17 prized minerals will restrict supply. Beijing in late May raised the prospect of weaponising its control of rare earths, used in everything from consumer electronics to sophisticated military equipment, in its trade war with the United States but has yet to announce any formal restrictions. 

Nov 11 - Albemarle's lithium prowess questioned by analysts, dragging on shares 
Albemarle Corp's lithium business - the world's largest producer of the battery metal - is overvalued and likely to be hampered by oversupply concerns for the foreseeable future, JPMorgan analysts said on Friday, pushing the company's stock down more than 5%. The blunt assessment of the company, which supplies the white metal for use in Teslas and other electric vehicles, comes as prices plunge due to oversupply.

Nov 11 - China's Jingye Group in talks to buy British Steel 
China's Jingye Group said on Monday it is in talks to buy British Steel in a deal estimated to be worth about 70 million pounds ($90 million) that could help protect thousands of British jobs and ease uncertainty over the troubled steelmaker. A deal is not yet finalised, the company told Reuters following a BBC report of an imminent 70 million pound ($90 million) agreement.

Nov 11 - Indonesia allows nine companies to resume nickel ore exports 
Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country's customs office, said on Monday. Among the companies allowed to export ore again are state-controlled miner PT Aneka Tambang and PT Trimegah Bangun Persada, according to an official document reviewed by Reuters and verified by a mining ministry official on Monday.

Nov 11 - In Kimberley, the world's diamond capital, illicit mining fight flounders 
The first South African project to bring illegal miners into the formal fold has been plagued by violence in diamond capital Kimberley, dealing a major blow to national efforts to stem a booming illicit trade. The project was launched 18 months ago in Kimberley, the site of a 19th-century diamond rush that lured fortune-seekers from the world over. Mine owners granted more than 800 unlicensed, or informal, small-scale miners the right to legally mine around 1,500 acres of diamond-rich waste fields.

Nov 11 - China's strong energy imports, subdued metals show trade dispute divergence: Russell 
China's imports of major commodities are starting to show a divergence between robust energy and somewhat softer industrial metals, which may show some of the impact of the ongoing trade dispute with the United States. Crude oil imports rose 11.5% in October from a year earlier to a record high of 10.72 million barrels per day (bpd), according to customs data released on Nov. 8. 

Nov 11 - Immunity possible for ArcelorMittal if it re-commits to Ilva - Italy PM
Italian Prime Minister Giuseppe Conte said on Monday his government would consider reintroducing guarantees of legal immunity for ArcelorMittal only if the steelmaker re-commits to a contract to buy Europe's largest steel plant. The world's biggest steelmaker said last week it was withdrawing from a 2018 deal to acquire Ilva's site in the southern city of Taranto, blaming its decision on a government move to scrap immunity from prosecution over environmental damage in the area. 

Nov 11 - Role reversal for London and Shanghai tin markets: Andy Home 
Tin is the underperformer of an underperforming base metals pack on the London Metal Exchange (LME). At a current $16,640 per tonne, LME three-month tin is down more than 14% on the start of the year. 

Nov 11 - Speculators cut bullish bets on COMEX gold, silver - CFTC 
Hedge funds and money managers reduced their bullish positions in COMEX gold and silver contracts in the week to Nov. 5, 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.

Nov 11 - Australia's AVZ Minerals in lithium offtake talks, gets Chinese investment 
Australian lithium miner AVZ Minerals said on Monday it would negotiate a supply deal with a unit of China's Suzhou TA&A Ultra Clean Technology Co for products from its Manono Project in the Democratic Republic of Congo.  The unit, Yibin Tianyi Lithium Industry, will also take a 12% stake in AVZ through an issue of shares worth A$14.1 million ($9.67 million), the company said in a statement. 

Nov 11 - Australia's Pilbara Minerals halts Pilgangoora site after employee death 
Australia's Pilbara Minerals Ltd halted operations at its Pilgangoora Lithium-Tantalum Project in Western Australia following an employee death unrelated to mining processes at the site. Pilbara is cooperating with an investigation by the Homicide Squad of the Western Australian Police Force into the incident between personnel at the site, the company said in a statement on Monday, without giving any further details.

Nov 08 - China Oct copper imports, aluminium exports fall m/m amid factory slowdown
China's copper imports fell 3.1% in October from the previous month, customs data showed on Friday, as a cooling manufacturing sector in the world's top consumer of the metal kept demand subdued, while aluminium exports slipped to an eight-month low. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China, were 431,000 tonnes last month, the General Administration of Customs said.

Nov 08 - Attack on Canadian miner in Burkina Faso threatens gold’s final frontier
As jihadists wreaked ever more havoc in the last two years, mining firms in Burkina Faso rolled out extra security measures, from barracks for government troops protecting them to safe rooms for workers behind barbed wire and mounds. Expatriates generally fly in and out, while local staff still drive but in guarded convoys.

Nov 08 - Albemarle warns of 'challenging' lithium market through next year
Albemarle Corp, the world's largest lithium producer, warned on Thursday that prices for the battery metal are down nearly a third in the past year and that the industry has two to three times more supply than needed. It was the latest lightning bolt to strike the fast-growing industry, which directly supplies the building blocks for electric vehicle batteries. Industry rival Livent Corp warned on Wednesday of "difficult" market conditions. 

Nov 08 - Chile's Codelco boosts copper output by 7.5% in September, annual production lags
Chile's Codelco, the world's top copper producer, boosted output by 7.5% in September to 145,300 tonnes, Chilean copper commission Cochilco said on Thursday, though its total production for the year continued to lag. The state miner saw its production in the first nine months of 2019 drop 6.7% versus the previous year, reaching 1.2 million tonnes by September, Cochilco data showed.

Nov 08 - China Oct coal imports fall 15.2% from prior month
China's coal imports in October dropped 15.2% from a month earlier, as traders slowed purchases as the government's import policy remains uncertain and the spread between domestic and seaborne prices narrowed. The world's largest coal buyer imported 25.69 million tonnes of coal in October, according to data released by the General Administration of Customs on Friday. This was up 11.3% from 23.08 million tonnes imported a year ago. 

Nov 08 - Italy ready for 'legal battle of century' with ArcelorMittal - Conte
The Italian government will fight ArcelorMittal in the courts if it goes back on a pledge to buy steelmaker Ilva, but Rome still hopes to avoid a bruising legal showdown, Prime Minister Giuseppe Conte said on Thursday. "We would all lose if there were a legal battle, but should it happen, it will be the legal battle of the century," Conte, himself a lawyer, told state television RAI in an interview.

Nov 08 - Congo disputes Canadian miner Banro's suspension of operations
Democratic Republic of Congo has declared "null and void" Canadian gold miner Banro Corporation's suspension of operations at several of its sites in the central African country. In September Banro said its Namoya mine in eastern Congo was overwhelmed by Mai Mai militiamen, forcing the miner to declare force majeure and suspend operations at its Namoya, Lugushwa, and Kamituga sites while its Twangiza site remained operational. 

Nov 08 - China iron ore imports slip in Oct for first time in four months
China's iron ore imports in October fell for the first time in four months, customs data showed on Friday, as shrinking profit margins reduced demand for the raw material at steel mills. Arrivals of iron ore, a key steelmaking raw material, were at 92.86 million tonnes last month, according to data from the General Administration of Customs.

Nov 07 - Indonesia ore ban to hit China nickel pig iron, stainless steel output – analysts 
A ban on nickel ore exports from Indonesia will sharply reduce top buyer China's output of stainless steel raw material nickel pig iron (NPI) and have a knock-on effect on production of the corrosion-resistant metal itself, analysts said on Wednesday. Indonesia, the world's biggest miner of nickel ore, has brought forward a ban on exports to the start of 2020, prompting a scramble for supply before it takes effect.

Nov 07 - Albemarle plans $100 mln cost cuts to counter low prices 
Albemarle Corp said on Wednesday it had started a cost control program targeting over $100 million in savings over the next two years, as the world's largest lithium producer grapples with a fall in prices on near-term oversupply concerns. The company said last month it would cut costs in response to challenging market conditions, but had not specified an amount.

Nov 07 - ArcelorMittal slips to Q3 net loss, sees U.S. steel downturn, worse in Europe
ArcelorMittal, the world's largest steelmaker, reported a second consecutive quarterly loss on Thursday and cut its forecasts for demand in its main U.S. and European markets. The Luxembourg-based company said global steel consumption, including the impact of inventory changes, would grow in 2019 by 0.5-1.0% this year, towards the lower end of its previous guidance of 0.5-1.5%.

Nov 07 - Early vote count at BHP AGM suggests call to exit coal lobby groups fails 
BHP Group's Australian shareholders voted against a resolution to axe the global miner's membership of industry groups that advocate for coal, backing the board's call and echoing the stance taken by BHP investors in London, a preliminary tally showed on Thursday. Votes cast ahead of BHP's annual general meeting in Sydney showed 68.08% rejected a resolution proposing suspension of BHP membership of industry groups advocating policies counter to Paris climate change treaty targets, BHP said. The full result tallying all votes will be declared later on Thursday.

Nov 07 - Chile copper mine output largely unaffected by protests despite some attacks 
Chile's copper mines have mostly maintained production and kept operations running normally in the face of weeks of unrest in the country, industry insiders told Reuters, though scattered incidents have hit some operations and uncertainty lingers. The Chile protests show little sign of letting up despite measures taken by President Sebastian Pinera. While most mines are in remote areas, managers and analysts worried that continued unrest could hurt operations that make Chile the world's top copper producer, responsible for around 28% of global production.

Nov 07 - Green technology revolution needs a green metals revolution: Andy Home 
"Society expects more of our industry." That was the stark warning from Jean-Sebastien Jacques, head of one of the world's largest mining companies, Rio Tinto, in a keynote speech at last week's London Metal Exchange Week. "There is absolutely no doubt in my mind we will face greater regulation and scrutiny," Jacques went on to say. 

Nov 07 - Barrick Gold beats forecasts, raises dividend 
Barrick Gold Corp on Wednesday reported higher third-quarter profits that beat analysts' estimates and raised its dividend while reiterating a five-year production plan. The world's second largest gold producer also said it would be at the top end of its production targets for the year and the lower end of cost estimates.

Nov 07 - Livent CEO sees 'difficult environment' for lithium producers 
The lithium industry is working through "difficult" times due to low prices for the battery metal and global oversupply concerns, though an upswing in demand should help beginning next year, Livent Corp Chief Executive Paul Graves said on Wednesday. The company, which operates in northern Argentina, late Tuesday cut its full-year revenue and earnings forecast for the second time this year because it will delay selling about a quarter of its annual lithium hydroxide production until 2020.

Nov 07 - Coca-Cola chooses plastic bottle collection over aluminium cans to cut carbon footprint 
Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminium cans as the world's largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters. Along with multinational rivals including PepsiCo and Nestle, Coca-Cola has started offering recyclable aluminium cans as well as plastic bottles for some water brands as the industry reacts to public outrage over the world's oceans being polluted with plastic waste. 

Nov 07 - Brazil court says could annul Vale acquisition of Ferrous Resources 
A federal court in Brazil said it could annul Vale SA's acquisition of midsize iron ore miner Ferrous Resources until certain environmental compliance documents have been provided, giving the company 30 days to do so, according to a decision seen by Reuters on Wednesday. A Vale spokeswoman said the iron ore miner had not been informed of the decision and that it would adopt "appropriate measures" at the proper time. 

Nov 07 - Global cobalt mine output growth forecast to slow in 2020 - Antaike 
Global cobalt mine output will increase at a slower rate next year than in 2019, providing some support for price of the chemical used in batteries for electric vehicles, research house Antaike said on Wednesday. Cobalt production in 2020 forecast to rise by 5,000 tonnes, Antaike nickel analyst Joy Kong said. That would be a 3.5% increase to the 143,600 tonnes produced this year which would be less than the 2019 expected growth rate of 6.3%, she said.

Nov 06 - Brazil regulator says Vale 'negligence' may have cost lives
Brazil's mining regulator on Tuesday blasted iron ore miner Vale SA for failing to disclose problems with a mining dam before a deadly collapse in January, saying this kept the agency from taking actions that could have saved lives. The dam in Brumadinho collapsed and flooded a nearby company cafeteria and the surrounding countryside with mining waste, killing more than 250 people. It was Vale's second deadly dam collapse in less than four years.  

Nov 06 - Global cobalt mine output growth forecast to slow in 2020 -Antaike
Global cobalt mine output will increase at a slower rate next year than in 2019, providing some support for price of the chemical used in batteries for electric vehicles, research house Antaike said on Wednesday. Cobalt production in 2020 forecast to rise by 5,000 tonnes, Antaike nickel analyst Joy Kong said. That would be a 3.5% increase to the 143,600 tonnes produced this year which would be less than the 2019 expected growth rate of 6.3%, she said. 

Nov 06 - Italian government, ArcelorMittal dig in over Ilva row
Italian Prime Minister Giuseppe Conte said on Tuesday he would not allow ArcelorMittal to pull out of its acquisition of troubled steel plant Ilva, as the threat of huge job losses piled pressure on the government. ArcelorMittal, the world's biggest steelmaker, announced on Monday it was scrapping a deal to buy Ilva's site in the southern city of Taranto after Rome reneged on a pledge to grant immunity from prosecution over environmental damage in the area.

Nov 06 - Newmont Goldcorp profit misses on higher costs, cuts production target
Newmont Goldcorp missed Wall Street estimates for quarterly profit due to higher costs and the world's biggest gold miner cut its annual output target on Tuesday as production remained suspended at one of its largest mines in Mexico. The company said it expects attributable production for the year to be 6.3 million ounces, down from a prior forecast of 6.5 million ounces.

Nov 06 - Lithium Australia's unit to supply recycled battery metals to S.Korean firm
Lithium Australia NL said its Envirostream Australia unit has agreed to supply South Korean firm SungEel HiTech with metals to make recycled batteries. Envirostream will supply a mix of energy metals cobalt, nickel and lithium extracted from recycled lithium-ion batteries out of Australia to the South Korean firm.

Nov 06 - China issues import quotas for another 11,110 T of copper scrap
China has issued a sixth batch of quotas for imports of restricted types of scrap metal, including 21 quotas for 11,110 of high-grade copper scrap, according to a government notice. The quotas are being closely tracked by traders amid concerns that top metals consumer China, which tightened restrictions on scrap metal imports from July 1, is leaving itself short of a key source of supply. 

Nov 06 - Voestalpine cuts profit forecast as slow demand from car industry bites
Austrian specialty steelmaker Voestalpine on Wednesday lowered its full-year profit forecast amid continued weak demand from the car sector and low steel prices and now expects core profit to fall by around 17%. "The slowdown in the momentum of the automotive industry has been both more intense and widespread than originally expected, even though the new emissions test that was introduced in September of this year did not trigger the distortions seen a year ago," Voestalpine said in a statement. 

Nov 06 - Brazil's Samarco expected to resume $4 bln debt restructuring talks - sources
A Brazilian mining joint venture between Vale SA and BHP Group Plc, paralyzed after a fatal dam collapse, is soon expected to resume talks to restructure $4 billion in defaulted debt in coming weeks, two sources with knowledge of the matter said. The venture, Samarco Mineracao SA, last month won permission to resume operations at its Germano iron ore mine, four years after a dam burst in the city of Mariana, in Minas Gerais state, that killed 19 people and contaminated rivers. 

Nov 06 - China's Jinchuan confident it can fill Indonesia nickel ore void
China's top nickel producer Jinchuan Group will feel some impact from Indonesia's ban on ore exports from 2020, but will be able to plug the supply gap, partly by using its own mines, a company executive said on Tuesday. Indonesia, the largest nickel ore producing country, has left its biggest customers in China - mostly manufacturers of primary nickel - fearing a raw material shortage after bringing forward a ban on ore exports to Jan. 1, 2020.

Nov 05 - Gold demand rises as investors grow nervous – WGC
A slew of investment in gold-backed exchange traded funds (ETFs) offset a decline in purchases of jewellery, bars and coins to push global gold demand slightly higher in the third quarter, the World Gold Council (WGC) said on Tuesday. The world's appetite for gold was 1,107.9 tonnes over July-September, 3% more than in the same period last year, the WGC said in its latest Gold Demand Trends report.

Nov 05 - Vale CEO received anonymous email warning ahead of Brazil dam disaster - congress report
The former chief executive of Brazilian iron ore miner Vale received an anonymous email weeks before the deadly collapse of a tailings dam at Brumadinho in January 2019 warning about "dams at their limit," according to the findings of an exhaustive congressional report on the disaster. Rather than seeking to investigate the allegation in the email, also addressed to other senior executives, Vale's then-Chief Executive Officer Fabio Schvartsman directed other employees to try to identify the email's author, according to the 625-page report.

Nov 05 - EU argues case against Trump's metal tariffs at WTO
The European Union argued on Monday for the withdrawal of tariffs imposed by U.S. President Donald Trump on metal imports in one of the most high-profile and potentially explosive cases to come to the World Trade Organization (WTO). Trump set duties in 2018 of 25% on incoming steel and 10% on aluminium under a 1962 U.S. law that allows the president to restrict imports on grounds of national security.

Nov 05 - India gold demand to hit 3-yr low as prices surge to record - World Gold Council
India's gold demand is expected to fall to its lowest level in three years in 2019, the World Gold Council (WGC) said on Tuesday, as domestic prices climb to a record against a backdrop of falling earnings in rural areas, a key source of custom for the precious metal. Gold demand in 2019 could drop 8% from a year ago to around 700 tonnes, the lowest since 2016, said Somasundaram PR, the managing director of WGC's Indian operations. 

Nov 05 - China's GEM eyes nickel, cobalt output from Indonesia by August 2020
Chinese battery firm GEM Co Ltd expects to start trial production at its Indonesian nickel and cobalt plant in August 2020, with the first phase of operations up and running by the end of the year, its president said on Tuesday. The plant, Indonesia's first to produce chemicals for use in batteries for electric vehicles, has attracted attention for its ambitious timeline as well as its low budget. 

Nov 05 - Copper producer Antofagasta warns of bigger hit from Chile protests
Copper producer Antofagasta Plc on Monday doubled its production cut from Chile to about 10,000 tonnes, pointing to a bigger hit from the workers' protests, and said its mines in the South American country have resumed operations. Two weeks ago, Antofagasta said the protests could cut its production for the year by about 5,000 tonnes, equivalent to less than 3% of third quarter output, due to delays in supplies and travel disruptions for workers. 

Nov 05 - Gold drifts sideways as China, India buyers evaporate: Russell
Gold's impressive rally from May to the start of September has since stalled, even though the drivers of geopolitical tensions and positive investor sentiment remain in place. What has gone missing is physical demand from the world's two biggest buyers, China and India, and it's likely that gold will battle to mount a renewed rally until this source of support returns.

Nov 05 - Zinc and lead supply hits push expected surpluses into 2020: Andy Home
Zinc and lead are both in short supply on the London Metal Exchange (LME). Headline zinc stocks of 53,875 tonnes are back at April levels, while "live" tonnage of 27,800 tonnes is the lowest it's been in at least 20 years. Lead stocks are a little higher at 70,075 tonnes but have failed significantly to rebuild from July's decade low of 55,475 tonnes. 

Nov 05 - ArcelorMittal to hand Ilva plant back to Italian state over legal row
ArcelorMittal said on Monday it was withdrawing from a deal to buy struggling Italian steelmaker Ilva after Rome reneged on a promise to give it immunity from prosecution over its heavily polluting plant. The decision represents a blow to Italy's ruling coalition, which had hoped to dissuade the steel giant from pulling out of the contract, and will raise questions about the country's reliability as a partner for foreign investors.

Nov 04 - London Metal Exchange to allow 80-day warehouse queues
The London Metal Exchange will allow warehouses in its network to extend queues for loading out metal, and will require them to report stocks stored outside the LME system that could be brought in at a later date, it said on Friday. The changes come after a consultation with market participants that ran from July until September.

Nov 04 - Australia's threat to outlaw mining protests highlights industry split: Russell
The boss of a major mining company last week made a plea to the industry to do more to win the hearts and minds of the broader public. A few days later the leader of the country hosting the bulk of his operations threatened to outlaw those opposed to mining.

Nov 04 - China's Zijin buys Freeport's copper-gold assets in Serbia for up to $390 mln
Zijin Mining, one of China's biggest gold producers, said on Monday it would buy partner Freeport McMoran Inc's copper-gold assets in Serbia for up to $390 million, substantially boosting its resources of both metals. The move continues a recent acquisition spree for Zijin and strengthens its foothold in the Balkans, having entered Serbia when it took over local copper producer RTB Bor in 2018, before completing the purchase of Nevsun Resources, which also has interests in Serbia, for $1.4 billion this year. 

Nov 04 - Malaysia to issue bauxite mining licences by January after ban lifted
Malaysia will issue bauxite mining licences to companies in December or January, a minister said on Monday, marking a resumption in activity after a ban was put in place in early 2016 over unregulated mining and water contamination. The Southeast Asian country was once the biggest bauxite supplier to top aluminium producer China, with shipments peaking at nearly 3.5 million tonnes a month around the end of 2015.

Nov 04 - India's Oct gold imports drop 33% on weak festive demand - govt source
India's gold imports fell for a fourth straight month in October from a year ago as near record-high prices dampened buying during key festivals in the world's second-biggest consumer of the metal, a government source said on Monday. New Delhi imported 38 tonnes of gold in October, down 33% from 57 tonnes a year ago, the source said on condition of anonymity as he is not authorised to speak to media.

Nov 04 - Vale to open shuttered Alegria mine, starting to restore lost output
Miner Vale SA said on Friday it had been authorized by Brazilian regulator ANM to resume operations at its Alegria mining site, which were interrupted last March after a "stress test" failed to guarantee its stability. In a securities filing, the company said the resumption of mining activities at Alegria will allow the iron ore exporter to restore 8 million tonnes of 50 million in capacity lost after the collapse of its Brumadinho dam in January caused a series of shutdowns. 

Nov 04 - Anti-plastic trend raising aluminium demand - Novelis
Moves to reduce plastic packaging to protect the environment are starting to increase demand for aluminium packaging, the European head of Novelis, the world's largest producer of rolled aluminium products, said. Aluminium demand will also be underpinned by a trend towards more electrically powered cars, Novelis senior vice president and Europe president Emilio Braghi told Reuters in an interview for LME Week, an event for the global metal industry. 

Nov 04 - Speculators boost gold, silver long positions, cut copper shorts - CFTC
CFTC-Comex gold speculators raise net long position by 7,171 contracts to 233,101 in week to Oct. 29. CFTC-Comex silver speculators raise net long position by 5,245 contracts to 49,355 in week to Oct. 29. CFTC-Copper speculators trim short position by 23,463 contracts to 20,365 in week to Oct. 29.

Nov 04 - Bolivia's lithium partnership with Germany's ACI Systems hits snag
Bolivia's partnership with privately owned German company ACI Systems for the industrial use of lithium hit a snag when the decree that created the deal was annulled, the governor of the lithium-rich Potosi region said on Sunday. Potosi, in southwest Bolivia, has some of Bolivia's richest lithium deposits. Its governor is Juan Carlos Cejas. Local groups have said the region should get more benefits from the deal.

Nov 01 - Massive mining waste dams could pose deadly risks, say investors 
A global inquiry into how mining companies store billions of tonnes of waste in huge dams, launched after a collapse in Brazil killed hundreds, shows about a tenth of the structures have had stability issues, investors said on Thursday. The research was led by the Church of England (CoE) and fund managers after the collapse of a Vale dam in January unleashed an avalanche of mining waste on the Brazilian town of Brumadinho, killing an estimated 300 people. 

Nov 01 - EU manufacturing weakness dents steel demand - Eurofer
Apparent steel consumption fell by 7.7% year on year in the second quarter of 2019, after a drop of 1.6% in the first quarter, and is likely to remain subdued next year, European steel industry association Eurofer said on Thursday. It blamed ongoing weakness in the European Union's manufacturing sector caused by lower exports and investment and said trade tensions and uncertainty over Britain's departure from the European Union were adding to the downward pressure. 

Nov 01 - BHP Group approves $44 mln for JV Samarco restart 
Miner BHP Group Ltd said on Friday it has approved $44 million for work related to a restart at Samarco Mineracao, its joint venture with Vale SA in Brazil, which has been closed since a deadly dam collapse four years ago. BHP said the funding will enable the construction of a filtration plant and a restart at Samarco, where operations were suspended following the tailings dam failure in November 2015 that killed 19 people.

Nov 01 - Rio Tinto flags higher costs, cloudy Australian aluminium future 
Rio Tinto on Thursday flagged higher costs as it replaces aging infrastructure and boosts iron ore production, and also raised questions over the future of its Australian aluminium business. Rio, which could become the world's top iron ore producer this year, was beset by weather and operational issues in the first quarter which caused it to cut its annual guidance. 

Nov 01 - Downturn in battery raw materials claims more Australian victims 
One Australian project to supply materials to the battery sector was put on hold on Friday and another lost its sole customer as a prolonged downturn in prices amid slowing electric vehicle (EV) sales in China darkened the near-term outlook for demand.  Major lithium producer Albemarle, which took control of Australia's Mineral Resources, moved its Wodgina lithium mine straight to care and maintenance due to "challenging" market conditions. 

Nov 01 - Aurubis seeks more acquisitions after Metallo takeover - CEO 
Europe's largest copper producer Aurubis AG remains on the hunt for takeovers with a war chest of about $1 billion, Chief Executive Roland Harings said, pushing on with diversification after the early departure of its former head. Shares in the Frankfurt-listed firm slid to an eight-year low in August after third-quarter earnings fell on weak demand from the cable and automobile sector and cost overruns at new projects. 

Nov 01 - Thyssenkrupp board member commits to steel ahead of unit review 
Thyssenkrupp will remain committed to its Steel Europe division, which faces 2,000 layoffs, a board member said on Thursday, just weeks before the conglomerate presents a new strategy for the division. Steel and materials trading will form the core of Thyssenkrupp after the planned full or partial sale or listing of its prized elevator unit, and divestment of the majority of its car parts, plant engineering and shipbuilding divisions.

Nov 01 - Exchanges looking at new steel scrap contract-Mettalex head 
Startup steel trading firm Mettalex is in talks with exchanges about launching a new scrap contract focused on Asia, the firm's head said on Wednesday. Growing trade in steel scrap delivered in containers is ripe for a derivative, said Phillip Price, managing director of Mettalex which has its official launch on Friday.

Nov 01 - Brazil's Vale triggers emergency protocol at Ouro Preto dam 
Brazilian iron ore miner Vale SA on Thursday said it had preemptively triggered an emergency protocol at its Forquilha IV dam which processes waste from its Fábrica mine near the historic town of Ouro Preto. Vale said it had taken the decision for the protocol, which does not require the evacuation of nearby residents, in agreement with regulators after an anomaly was identified at the dam "during routine inspection."

Oct 31 - U.S. handling of tariffs raises appearance of 'improper influence' - watchdog 
Lack of transparency in the Commerce Department's handling of steel and aluminum tariffs raised the appearance that certain companies may have had "improper influence" in the process, its internal watchdog said in a document made public on Wednesday. The Commerce Department's inspector general (IG) said it uncovered multiple risks during an audit of processes used by two agencies within the department - the Bureau of Industry and Security (BIS) and the International Trade Administration (ITA).

Oct 31 - Rio Tinto flags higher capex, says Australian aluminium assets unsustainable 
Rio Tinto on Thursday flagged higher sustaining capital costs as it replaces aged infrastructure and ramps up iron ore production, and also raised questions over the future of its Australian aluminium business. Rio said in a statement ahead of an investor briefing that it had deferred $500 million of capital expenditure in 2019 to the next year.

Oct 31 - Atlantic Copper green credentials recognised by Spain's BBVA 
Spanish copper producer Atlantic Copper recently agreed deals to borrow 19 million euros ($21 million) to finance six projects intended to cut the company's energy use and reduce emissions, its managing director Javier Targetta told Reuters. Sustainability has been a long-standing issue in metals, covering a range of topics including corruption, governance, communities around mines and mine waste.

Oct 31 - Peru won't 'impose' troubled Tia Maria copper project after green-light given 
Peru has given an important green light for Southern Copper Corp's much-delayed Tia Maria copper mine, but the government cautioned it would not move ahead with the project without the right social and environmental conditions being met. Prime Minister Vicente Zeballos said on Wednesday the government would not "impose" the $1.4 billion project on the country, after it had earlier received the go-ahead with a construction license from Peru's mining council.

Oct 31 - Sibanye could resume dividends, shares hit three-year high 
Gold and platinum miner Sibanye-Stillwater said on Thursday it could "potentially" resume dividend payments in the second half of 2020, helping send its shares to a three-year high. The commitment came despite the company saying gold production from its South African operations this year would be around 771,617 ounces, at the low end of guidance, while costs would likely creep higher. 

Oct 31 - Kloeckner & Co says no merger talks with Thyssenkrupp 
German metals trader Kloeckner & Co is not in talks with larger rival Thyssenkrupp about a tie-up, Kloeckner & Co's chief executive said on Wednesday, quashing speculation about a deal in the near term. Sources told Reuters in August that Thyssenkrupp and Kloeckner & Co were discussing future cooperation in materials trading, but were not working on a takeover of Kloeckner. 

Oct 31 - Chile mining, manufacturing output drops in September 
Chile's manufacturing production dropped 1.5% in September compared with the same month the previous year amid a 5.4% decrease in mining production, government data showed on Wednesday. The drop in mining output from the previous month, and a 2.4% drop over the year, was driven primarily by a decline in copper ore levels and iron production, the government statistics agency INE said.

Oct 31 - Pace of investments in Mexico's mining sector seen slowing 
The pace of investments in Mexico's mining industry is expected to slow this year to its lowest since 2016, Mexican industry group Camimex said on Wednesday, adding that greater policy certainty was needed to attract more investments. Camimex sees the value of investments rising 7.4% this year to reach $5.26 billion, after the figure grew 13.8% in 2018.

Oct 31 - Germany’s Trimet plans full-capacity aluminium output in 2020 
German aluminium producer Trimet Aluminium plans to return to full-capacity output next year after reductions in 2019, with demand from the automobile sector expected to be strong, executive board member Thomas Reuther said. Supplies of the aluminium ore aluminia have normalised after disruptions earlier in 2019, he said in an interview for LME Week. 

Oct 31 - Australia's Iluka Resources flags possible demerger of BHP royalties asset 
Australia's Iluka Resources Ltd, the world's largest producer of zircon, said on Thursday it was considering a demerger of an asset that earns royalties from a BHP Group iron ore operation - Mining Area C (MAC).  Iluka holds a royalty over iron ore produced from specific properties of MAC, resulting from a 1994 agreement. MAC is a large iron ore mining area in Pilbara, and is operated by BHP.

Oct 30 - LME to launch lithium committee including Tesla, Albemarle 
The London Metal Exchange is planning to create a committee to represent the interests of producers and users of lithium, a key component in electric car batteries, it said on Tuesday.  Announcing the committee during LME Week, an annual gathering in London of metals consumers, producers, traders and brokers from around the world, the LME said it was likely to include representatives of nine companies. 

Oct 30 - Gold rush? Not for us say Tanzania's small-scale miners 
A new network of government-controlled trading centres was meant to ensure Tanzania's small-scale miners got a bigger share of the country's mineral wealth. But most still can't get a foot in the door. Literally. Entry to the 28 exchanges scattered around the East African nation is restricted to those who can afford the licenses needed to sell the precious metals, which at around $44, is beyond the means of most small-scale miners who often run up debts just to extract gold and other precious metals from rented land.

Oct 30 - Indonesia nickel ore exports may resume after 1-2 week investigation - minister 
Indonesia could resume nickel ore exports in one to two weeks once an investigation into "massive violations" of export rules has been completed, Luhut Pandjaitan, coordinating minister overseeing maritime and mining, told reporters on Tuesday. Pandjaitan said exports of nickel ore had surged since September when the government announced it was moving forward a ban on ore exports to January 2020 from 2022. 

Oct 30 - BHP says Escondida copper mine in Chile operating at 'reduced rate' 
BHP said its Escondida copper mine, the world's largest, was operating at a "reduced rate" after union workers walked off the job for part of the day on Tuesday in solidarity with the anti-government protest movement across Chile. Chile, the world's top copper producer, has long been one of the region's most prosperous and stable free-market economies. But entrenched inequality and spiraling costs of living ignited massive, and sometimes violent, protests last week. 

Oct 30 - Australia considers funding for rare earths projects - minister 
Australia is considering underwriting loans to develop its reserves of critical minerals such as rare earths and is seeking partners with a large customer base like the United States, its resources minister said on Wednesday.  The move comes as the United States looks to reduce its reliance on China for supplies of rare earths, a handful of minerals used in everything from mobile phones to wind turbines, partly by forming alliances with "friendly" suppliers. 

Oct 30 - China 2019 crude steel output to rise 7% to 994 mln tonnes - assn 
China is expected to produce 994 million tonnes of crude steel this year, said an official at the China Iron and Steel Association (CISA) on Tuesday, up 7% on last year's output even as growth in the world's second largest economy slows. The additional output is to meet domestic demand, said CISA vice president He Wenbo, adding that inventory had been falling.

Oct 30 - Rio Tinto says miners need to do more on the environment. Here's how: Russell 
The boss of one of the world's biggest mining companies wants the industry to do more than talk about winning a social licence in an increasingly carbon constrained world. The problem is that his company and others probably won't like the solutions. Rio Tinto Chief Executive Jean-Sebastien Jacques told the London Metal Exchange (LME) annual forum on Monday that mining needed to do more on the environmental, social and corporate governance (ESG) front in order to remain relevant and profitable as the world deals with climate change.

Oct 30 - Cobalt market to avoid shortage despite Congo mine closure - Nornickel 
Cobalt supply will remain robust despite a price slide that has already led to the closure of a major mine, Russia's Norilsk Nickel said, as most is produced as a byproduct of more buoyant metals like nickel and copper. Prices of the battery metal surged in 2017 and 2018 on expectations for an electric vehicle revolution, but have fallen this year due to excessive supply and the impact of the U.S.-China trade war. 

Oct 30 - China's Hebei issues orange smog alert effective Nov 1 
China's top steelmaking province of Hebei has issued an "orange" smog alert effective from Nov. 1, with pollution expected to be "severe", the local environment bureau said on Wednesday. Unfavourable weather conditions, including rising humidity and weak southerly winds, would make it harder for smog particles to be diffused, it said. Orange is the second-highest level on a three-tiered smog alert system that triggers emergency measures.

Oct 30 - China commodity bourses to stop 'double-counting' from 2020 
China's three biggest commodities exchanges said on Tuesday they would end their practice of double-counting trades from Jan. 1, 2020 and report on a single-count basis instead to help them converge with international standards. The Shanghai Futures Exchange (ShFE), known for its base metal contracts, the Dalian Commodity Exchange (DCE), home to China's iron ore futures, and the Zhengzhou Commodity Exchange, which trades sugar and cotton, announced the switch in separate statements. 

Oct 30 - Indonesian anti-dumping inquiry finds breaches in Malaysia, China stainless steel imports 
Indonesia's Anti Dumping Committee (KADI) has found indications of dumping of cold rolled stainless steel imports from Malaysia and China, the agency said in a statement on Wednesday. An investigation was launched into stainless steel products under nine tariff posts on Oct. 23 following a request by PT Jindal Stainless Indonesia, part of India's Jindal Group, KADI said.

Oct 29 - Indonesian nickel miners to stop ore exports immediately 
Indonesia's nickel miners agreed on Monday to stop nickel ore exports immediately, the country's investment agency chief Bahlil Lahadalia said, after Jakarta last month brought forward a ban on shipments to January 2020 from 2022. Exports due to be shipped from Indonesia, the world's biggest nickel ore producer, will be bought by local smelter operators at an international price level, Lahadalia said. 

Oct 29 - Stung by sliding prices, lithium industry pares back expansions 
Albemarle Corp, SQM and other lithium producers have been scaling back expansion plans as near-term oversupply concerns drag on prices, unnerving investors who are pushing the industry to focus more on profitability. Volkswagen, BMW and other automakers planning to produce all-electric fleets of vehicles during the next decade with lithium-ion batteries are expected to help global demand for the white metal more than triple by 2025 to 917,469 tonnes, according to Canaccord Genuity. 

Oct 29 - Unionized workers at BHP's Escondida mine in Chile to walk-off Tuesday 
Unionized workers at BHP's Escondida copper mine, the world's largest, said late on Monday they would walk off the job for part of the work day on Tuesday in a show of solidarity with protests in Chile. Escondida's Union No.1, the mine's largest, said in a statement workers on each of the day and night shifts on Tuesday would walk off the job for half of their working hours.

Oct 29 - Metals tycoon Gupta to merge steel operations ahead of possible IPO 
British commodities tycoon Sanjeev Gupta will merge his family's steel operations by the end of the year into a new entity, the Liberty Steel Group, to be ready for a potential listing, he said on Tuesday. Other companies in his family's privately-held GFG Alliance conglomerate will also be organised for possible IPOs in the future, he told Reuters in an interview.

Oct 29 - Rio Tinto says miners need to leverage technology as scrutiny of the industry rises 
Mining companies should make more use of technology to respond to increasing demands from investors and communities for responsible mining practices, Rio Tinto CEO Jean-Sébastien Jacques said on Monday. Technologies such as autonomous rail-cars and increased automation can lower the impact of the industry on the environment as well as raise profit margins, he said, adding that blockchain can be deployed to track if the supply chain met ethical standards.

Oct 29 - Copper prices seen stifled by growth fears next year - poll
Prices of copper and other industrial metals are expected to be capped next year as weak economic growth weighs on the market, a Reuters poll showed.  The London Metal Exchange index of six base metals has inched up only 1% so far this year, held back by worries about a possible global recession and a trade war between the United States and top metals consumer China.

Oct 29 - Indian steelmakers face debt challenges after ill-timed bets 
India's biggest steelmakers may be suffering from buyer's remorse as assets they bought from bankrupt rivals stretch their bottom lines while market conditions have worsened. Less than 18 months after scooping up these distressed assets in the hopes of extracting value and boosting market share, the steelmakers are struggling to meet sales and production targets because of a slowdown in the key construction and auto sectors.

Oct 29 - Ecuador says ready to ship first big copper export within weeks 
Ecuador plans to ship its first large copper cargo within weeks, a milestone in its ambitions to evolve from exploration hotspot to copper exporter. The El Mirador copper mine, owned by a unit of the Chinese consortium CRCC-Tongguan, started operations in July but the the company imposed some restrictions in October as a precautionary measure to protect workers amid unrest over the government's austerity plan.

Oct 29 - Savannah Resources in talks with carmakers, sees Portuguese lithium in 2021 
London-based mining company Savannah Resources said on Monday it was in talks with several major European industrial groups, including carmakers, as it gears up to start commercial lithium production in northern Portugal in 2021. Portugal is Europe's biggest lithium producer, but its miners sell almost exclusively to the ceramics industry and are only now preparing to produce the higher-grade lithium that is used in electric cars and to power electronic appliances. 

Oct 29 - Constellium plans more aluminium recycling, wary of EU carbon rules 
Aluminium parts maker Constellium is increasing its recycling capability, taking advantage of the metal's reusability to meet calls for lower-carbon output, but investments in Europe will depend on emissions rules not hurting local industry. "We're investing to increase our recycling capacity and we see this as a big opportunity for us in the future," Chief Executive Jean-Marc Germain said in an interview during LME Week, an annual gathering of metals consumers, producers, traders and brokers.

Oct 28 - London Metal Exchange delays plans to ensure metal is responsibly sourced 
The London Metal Exchange (LME) has delayed plans to ban metal tainted by human rights abuses until 2023 to give small and artisanal producers more time to meet responsible sourcing guidelines, the exchange said on Friday. Under its original plan announced in April, the LME had set 2022 as the deadline to ban from its lists of approved brands metal extracted by methods involving abuses such as child labour or tainted by corruption. 

Oct 28 - Gold eyes further gains as rock-bottom rates tempt investors - poll
Fragile global growth and the prospect of interest rates staying lower for longer, boosting gold's appeal for nervous investors, are behind upward revisions to price forecasts for the yellow metal, a Reuters survey showed. Spot gold will average $1,402 an ounce in 2019 and $1,537 an ounce next year, according to the median forecasts returned by the poll of 40 analysts and traders in mid-October. 

Oct 28 - Newcrest eyes deeper mines, smaller footprint with block caving 
Australia's Newcrest Mining is tapping big data and block caving to delve deeper into the earth's crust for mineral riches that just a handful of years ago would have been too costly to extract. Experience in block caving helped the country's biggest listed gold miner find extra value in its $807 million acquisition of Canada's Red Chris mine in March, Chief Executive Sandeep Biswas said in an interview ahead of attending LME Week in London.

Oct 28 - Scarce supplies seal palladium's price dominance over platinum - poll
Gaping supply shortages will see palladium cement its price premium over sister metal platinum next year, according to a Reuters survey which showed analysts raising their forecasts for both autocatalyst metals. Chiefly used in vehicle exhausts to reduce harmful emissions, platinum is favoured for diesel engines and palladium is preferred for petroleum. 

Oct 28 - Vale, BHP's Samarco gets license to resume operations after dam burst 
Samarco, a joint venture between Vale SA and BHP Group, on Friday won permission to resume operations at their Germano iron ore mine, the environmental regulator of the Brazilian state of Minas Gerais said, roughly four years after a fatal dam collapse there. Vale said in a separate release that it expected production at the joint venture, which is trying to restructure $3.8 billion in debt it defaulted on about a year after the accident, to resume toward the end of 2020.

Oct 28 - Metals sector in costly battle to turn green 
Metals producers, from miners to smelters, are grappling with increasingly tough and costly environmental demands imposed by banks seeking cleaner investments.  While the transition may prove overwhelming for smaller producers, larger companies are playing a long game, casting ahead to a period where greener technology helps slash their costs.

Oct 28 - Chile protesters block access to lithium operations - local leader 
Protesters from indigenous communities around Chile's Atacama salt flats, among the world's richest reserves of lithium, have blocked access to lithium operations amid nationwide rallies over inequality, a local leader said on Friday. The South American nation possesses the world's largest reserves of the lightweight metal crucial to manufacturing batteries for electric vehicles, laptops and cellphones.

Oct 28 - Gold price boosts AngloGold Ashanti's free cash flow while production edges up 
AngloGold Ashanti on Monday reported a 3% rise in September quarter production from the previous quarter and a 12% jump in free cash flow thanks to higher gold prices, and said its Obuasi project in Ghana would start by year-end. The South African gold miner stuck to its annual guidance even as quarterly production was at the lower end of its forecast range and year-on-year production fell, while costs were up 12% year-on-year.

Oct 28 - Minor metal stocks sold for $115 mln in latest Fanya auctions 
Four batches of minor metal inventories, formerly held by China's now-defunct Fanya Metal Exchange, were sold on Monday for 810.6 million yuan ($114.84 million) after a series of late bids, notices on e-commerce platform Taobao showed. Three of the auctions were won by little-known Kunming Rongke New Materials, which picked 92.31 tonnes of germanium for 554.8 million yuan, 191.246 tonnes of gallium for 172.94 million yuan and 337.8 tonnes of selenium for 30.94 million yuan, according to the notices on Taobao, which hosted the sales.

Oct 28 - Ferrexpo's Zhevago to step aside as CEO to resolve Ukraine issues 
Iron ore pellets producer Ferrexpo said on Monday its Chief Executive Officer Kostyantin Zhevago would "temporarily" step aside to resolve matters relating to one of his former businesses in Ukraine. "This temporary change of leadership is necessary and in the interests of all shareholders to enable Mr Zhevago to focus on on-going matters in Ukraine without impacting the Company's operations," Non-executive Chairman Steve Lucas said, adding that Zhevago continues to have the full support of the Board.

Oct 25 - China Sept nickel ore imports hit highest since at least 2016 as Indonesia ban looms 
China's nickel ore imports in September rose 24.6% from the previous month to their highest since at least 2016, customs data showed on Friday, as stockpiling accelerated ahead of a ban on shipments from top miner Indonesia from January 2020.  China imported 7.13 million tonnes of nickel ores and concentrates in total last month, according to data released by the General Administration of Customs. 

Oct 25 - China gobbles up iron ore amid less severe winter steel curbs: Russell 
China's imports of iron ore show no sign of slowing in October, and may even come close to a record high, indicating that concerns over lower steel output over winter may be misplaced. Vessel-tracking and port data compiled by Refinitiv show that imports of the ore used to make steel are on track to exceed 100 million tonnes in October.

Oct 25 - China's Sept rare earth magnet exports to U.S. fall as trade tensions ease 
China's exports of rare earth magnets to the United States fell to a five-month low in September, customs data showed on Friday, coming off highs scaled in the previous month as buyers put off stockpiling amid signs of easing trade tensions. Shipments fell 13.3% from the previous month to 392,384 kg, or around 392 tonnes, according to data released by the General Administration of Customs. That was also down 1% year-on-year and was the lowest monthly total since April.  

Oct 25 - Chile's copper mines feel some heat from nationwide protests 
Copper mining companies in Chile, the world's top producer of the red metal, said nationwide riots had mostly spared production but continuing protests had hobbled port facilities, public transportation and supply chains, making an impact on operations.  At least 16 people have died in protests that started over a hike in public transport costs, prompting a weekend of riots, looting and a declaration of a state of emergency by President Sebastian Pinera. Pinera and lawmakers were going forward with proposed social equality reforms that some critics have described as cosmetic.  

Oct 25 - Glencore copper output drops nearly 4% as Mutanda preps shutdown 
Glencore Plc reported a 3.8% drop in quarterly copper output on Friday as it prepared to shut its Mutanda operation in the Democratic Republic of Congo, while cobalt production rose 11% due to a ramp-up at its Katanga mine in the country. The shuttering of Mutanda at the end of this year, and the parallel ramp-up at Katanga, are part of the global commodity trader and mining firm's efforts to turn around its struggling businesses in the volatile African state. 

Oct 25 - Copper Study Group slashes both supply and demand forecasts: Andy Home 
The International Copper Study Group (ICSG) has taken the red ink to both sides of this year's copper market balance equation.  Global consumption is now expected to register anaemic growth of just 0.3% this year, compared with the Group's May assessment of 2.0%. Supply is expected to fare even worse. 

Oct 25 - Brazil's Vale earnings miss expectations, cites dam shutdown progress 
Brazilian miner Vale on Thursday reported a weaker-than-forecast 15% gain in quarterly earnings as the iron ore exporter tries to overhaul its operations to avoid a recurrence of the dam burst that killed more than 250 people in January. Vale's net profit rose to $1.654 billion from $1.408 billion in the year-ago period, missing the $2.72 billion mean of analysts polled by Refinitiv, as an increase in iron ore prices was partially offset by a slump in production following the incident. 

Oct 25 - Albemarle cuts 2019 forecast on lithium price pressure 
Albemarle Corp, the world's largest lithium producer, on Thursday cut its sales and profit forecasts for the year, hit by a continued slump in prices for the white metal, sending its shares down nearly 7% in extended trading. Demand for lithium, a key component of batteries used in cell phones, electric vehicles and other consumer goods, is widely expected to spike by 2025.

Oct 25 - Russia's Rusal says Q3 aluminium sales flat on lower metal prices 
United Company Rusal on Friday reported only a small rise in third-quarter aluminium sales from the previous quarter, pressured by a weaker market for the metal. Aluminium sales for the three months to Sept. 30 rose 0.8% on the quarter to 1.1 million tonnes, while production was up 0.4%, at 942,000 tonnes.

Oct 24 - Australia's Fortescue bumps up free cash flow on premium iron ore
Australia's Fortescue Metals Group Ltd nearly doubled its cash on hand in the third quarter after buoyant prices and a move into premium products raised the prices it received for its iron ore. FMG has been raising the mix of premium feed in its shipments with the addition of its West Pilbara Fines product, a trend expected to continue as it brings on its Eliwana project next year and its magnetite Iron Bridge project in 2022. 

Oct 24 - Chile's Codelco resumes operations after union calls for end to strike
Chile's Codelco, the world's top copper miner, said it had resumed normal operations after its unionized workers struck a deal with government officials late Wednesday to end a day-long walk-off amid a week of raucous protests throughout Chile. The Copper Workers Federation (FTC), which includes unionized workers from each of Codelco's divisions, had joined a nation-wide strike of state workers in a show of support for protesters' demands for action to tackle inequality in Chile. 

Oct 24 - London Metal Exchange probes nickel trading after price fluctuations
The London Metal Exchange has asked members to report any unusual activity in nickel trading after prices lurched up and down in the wake of large transactions last week, sources familiar with the matter said. Sources said the LME sent an email last week asking about reasons for the nickel trading carried out for clients. 

Oct 24 - Freeport posts loss on lower copper output, prices
Freeport McMoRan Inc posted a third-quarter loss on Wednesday in line with expectations due to lower copper production at its Peruvian and Indonesian mines and a drop in prices for the red metal. The company has been shifting to underground mining from an open pit at its giant Grasberg mine in Indonesia and had previously warned that production would take a hit.

Oct 24 - China's Chinalco names Ansteel boss as its new chairman
Aluminum Corp of China, known as Chinalco, said that Yao Lin, the chairman of Ansteel Group Co Ltd, would leave his role and become Chinalco's new chairman, replacing Ge Honglin. The announcement was made at a Thursday meeting attended by management from Chinalco, China's biggest state-owned aluminium producer, according to a statement on the company's website. 

Oct 24 - Australia's Newcrest Mining first-quarter output down, Wafi-Golpu project delayed
Australian gold miner Newcrest Mining Ltd on Thursday posted weaker gold output in the first quarter and said work on it proposed Wafi-Golpu project was delayed over the issue of how much gold Papua New Guinea gets to keep. PNG's commerce minister said last month that the country wants to keep 40% of gold produced from Wafi-Golpu, a potential hurdle to an agreement with co-owners Newcrest and South Africa-based Harmony Gold.

Oct 24 - Papua New Guinea shuts Chinese Ramu nickel mine after spill - reports
Papua New Guinea has temporarily closed a nickel plant run by Metallurgical Corporation of China that spilled slurry into a bay in August, newspapers said on Thursday. Minister for Mining Johnson Tuke said the plant closed on Wednesday, Ramu NiCo, had breached PNG's environment safety laws, LoopPNG said.

Oct 24 - Australia's Galaxy Resources to cut lithium production
Australian lithium miner Galaxy Resources Ltd said on Thursday it will scale back operations at its Mt Cattlin mine, as the sector faces pressure from weak pricing and lower than expected demand from China. Galaxy said in a statement it is reviewing operations at Mt Cattlin, its most important mine, and expected to reduce the amount of material mined by about 40%. 

Oct 24 - POSCO quarterly operating profit drops as raw material costs bite
South Korean steelmaker POSCO posted a 32.1% fall in its third-quarter operating profit, in line with analysts' estimates, as higher raw material costs weighed on margins. The company said it expects global steel demand to grow moderately in 2019, as China's infrastructure and property market expenditures would keep its steel demand solid, despite the country's weakened manufacturing sector.

Oct 24 - Indonesia to revise domestic nickel ore rule to put floor on price
Indonesia's mining ministry is revising a rule that governs the domestic price of nickel ore to ensure smelters follow government benchmark prices, a ministry official told Reuters. The move comes after nickel miners complained to the government that domestic smelters were pushing down the price of ore, making prices very unattractive in the home market. 

Oct 24 - Deal to save British Steel in doubt as talks with Turkish fund near deadline
A deal to save Britain's second largest steelmaker British Steel from collapse is in jeopardy as exclusive negotiations with Turkey's military pension fund OYAK approach a deadline without an agreement. OYAK's affiliate Ataer Holdings was granted a 10-week exclusivity period to take over British Steel, which went into liquidation on May 22, ending on Thursday.

Oct 23 - Rio Tinto smelter closure risk rocks New Zealand's top power supplier
Miner Rio Tinto Ltd on Wednesday flagged it may cut output or shut New Zealand's Aluminium Smelter (NZAS) due to a weak aluminium market and high energy costs, in a potential blow to the country's top power producer, Meridian Energy. Rio said it would make a decision on the smelter, New Zealand's largest single power user, in early 2020. Shares in Meridian, which has a contract to supply the South Island plant until 2030, fell as much as 8%.

Oct 23 - Workers at Chile's Codelco to join general strike - union official
Workers at Chile's state-owned Codelco, the world's largest copper producer, will join a general strike planned for Wednesday amid protests that have shaken the country, the head of the union group told Reuters on Tuesday.  The Copper Workers Federation (FTC) agreed to join the strike along with other sectors, including teachers and public employees.

Oct 23 - Sustainability the new battleground for aluminium producers: Andy Home
Another year, another portfolio review by Alcoa. The U.S. aluminium producer has just announced a five-year review of around 4.0 million tonnes of alumina capacity and 1.5 million tonnes of smelter capacity. Assets will be improved, curtailed, closed or sold. 

Oct 23 - Tianqi Lithium has first loss in 5-1/2 years as lithium prices crash
Tianqi Lithium Corp, one of the world's biggest lithium producers, swung to a net loss in the third quarter as prices for the battery metal slumped. Tianqi, which owns around a quarter of Chilean lithium producer SQM, processes spodumene, a mineral mined for its lithium content, into chemicals such as lithium carbonate and lithium hydroxide that are used in electric vehicle batteries. 

Oct 23 - Norsk Hydro Q3 earnings beat on Brazil ramp-up, low input costs
Aluminium producer Norsk Hydro ASA reported a smaller- than-expected decline in third-quarter earnings on Wednesday, as a ramp-up in its previously shut Brazilian operation and lower input costs partly compensated for lower metals prices. Underlying third-quarter earnings before interest and tax fell to 1.37 billion Norwegian crowns ($149 million) from 2.68 billion crowns a year earlier, beating the average forecast of 969 million crowns collected by the company from 14 analysts.

Oct 23 - Copper miner Antofagasta says unrest in Chile may hurt output
Chilean miner Antofagasta Plc reported a 4.6% rise in quarterly copper output, buoyed by better quality ore from its Centinela mine in northern Chile, but warned that recent unrest in the South American country could hurt production. The company, whose flagship mine Los Pelambres is 240 km north-east of Santiago, said recent civil unrest in the country is expected to affect production by about 5,000 tonnes, as it could potentially disrupt delivery of supplies and transport of labour to its operations. 

Oct 23 - Russia-Zimbabwe platinum venture needs $500 mln for first phase
Russian-Zimbabwean platinum venture Great Dyke Investments (GDI) requires a further $500 million for the first phase of its Zimbabwean mining project and is in advanced financing talks with Russian and South African lenders, it said on Tuesday. Zimbabwe is pinning its hopes on the mining sector to drive the recovery of an economy grappling with rolling power cuts and shortages of foreign exchange and fuel.

Oct 23 - Hochschild Mining gold output jumps, cuts debt by half
Precious metals miner Hochschild Mining on Wednesday reported a near 9% jump in third-quarter gold production, helped by higher output at its Inmaculada mine in southern Peru, and said its debt has more than halved in the period. Gold production climbed to 67,797 ounces in the quarter ended Sept. 30 from 62,432 ounces a year earlier. The miner's net debt was $61 million as of June 30. 

Oct 23 - Three dead in underground mine accident at Russia's Nornickel
Three people were killed on Tuesday in an accident at Norilsk Nickel's Taimyr underground mine in Siberia, the Russian mining giant said. The world's largest palladium producer and second-largest nickel producer said the facility was still working after the incident. It is one of the company's main mines in Siberia and contains mixed ores.

Oct 23 - Anglo Asian's Jan-Sept Azerbaijan gold output down 4.4% yr/yr
Azerbaijan's leading gold mining company, Anglo Asian Mining Plc, said on Tuesday its gold output declined 4.4% in the first nine months of 2019 to 52,198 ounces from 54,573 ounces in the same period last year. Anglo Asian produces gold at Gedabek and other Azeri mines in a joint venture with the state in which the London-listed company holds a 51% stake.

Oct 22 - Brazil's Vale nudges sales guidance lower after new dam halt
Brazilian iron ore miner Vale said on Monday it has temporarily shut down its Itabiruçu tailings dam and lowered its full year iron ore and pellet sales guidance as a result. Vale said it had shut down the dam so it could assess the structure's "geotechnical characteristics", noting the dam was issued a stability certificate in late September.

Oct 22 - Workers at Chile's Escondida copper mine, world's largest, to walk off job Tuesday
The union of workers at BHP's Escondida copper mine will hold a day-long strike on Tuesday in a show of solidarity with protests in Chile, the union president told Reuters on Monday. Several Chilean cities were engulfed by days of riots, along with peaceful protests, after a hike in public transport costs. Arson, looting and riots over the weekend left at least seven dead. 

Oct 22 - Rio Tinto studying ways to produce lithium from waste rock at California mine
Rio Tinto Plc is studying ways to extract lithium from waste rock at a mine it controls in California, making it the latest company trying to produce the battery metal in the United States for the fast-growing electric vehicle market. The move by Rio comes as U.S. politicians and regulators push to expand domestic mining of so-called strategic minerals used to make EV batteries and other high-tech equipment. China is the world's largest producer and consumer of many of these minerals. 

Oct 22 - Aurubis sets 2020 copper premium at $96 per tonne
Aurubis, Europe's biggest copper smelter, said on Monday it would offer customers a premium of $96 per tonne above the London Metal Exchange (LME) price for copper in 2020. Aurubis confirmed earlier reports from traders that the 2020 premium offered would be unchanged from premiums offered in 2019.

Oct 22 - Italy to scrap ArcelorMittal legal shield for Ilva plant - lawmaker
Italy's ruling coalition has decided to scrap a legal guarantee it had previously granted to steelmaker ArcelorMittal over its Ilva plant, a senior Democratic Party (PD) lawmaker said on Monday. The move could worsen relations between the Italian government and the global steel group, which bought the plant in southern Italy last year and has threatened to shut it down if the legal guarantee was revoked.

Oct 22 - Anglo American quarterly output rises 4%, lifts 2019 outlook for Minas-Rio
Miner Anglo American said on Tuesday it was on track to meet annual output targets after production rose 4% in the third quarter, driven by a ramp up at its Minas-Rio mine in Brazil and rise in coking coal production. Minas-Rio, one of Anglo's biggest growth projects that was suspended last year, is expected to produce 20-22 million tonnes of iron ore in 2019, up from previous expectations of 19-21 million tonnes, the company said.

Oct 22 - China court sets date for more Fanya minor metal auctions
A court in Southwest China will on Oct. 27 launch four simultaneous online auctions of minor metal inventories formerly held by the now-defunct Fanya Metal Exchange, notices on e-commerce platform Taobao said. The Kunming Intermediate People's Court will sell off 92.31 tonnes of germanium, 191.246 tonnes of gallium, 170 tonnes of tellurium and 337.8 tonnes of selenium over a 24-hour period due to end at 1000 Beijing time (0200 GMT) on Oct. 28.

Oct 22 - Dalian Commodity Exchange CEO takes role at Shanghai bourse
The chief executive of the Dalian Commodity Exchange (DCE), home to China's flagship iron ore futures contract, is taking over as general manager of the Shanghai Futures Exchange (ShFE), the Shanghai bourse on Monday. Wang Fenghai, who become DCE CEO in June 2016, replaces Xi Zhiyong at ShFE, the Shanghai exchange said on its website, adding that the decision had been made by the China Securities Regulatory Commission. It did not give a reason for the move.

Oct 21 - Deficit feeds lead's rally, but surplus on the horizon 
Unexpected shortages of lead due to supply disruptions have helped prices of the car battery metal to outperform other metals such as copper, aluminium and zinc, but looming surpluses mean this trend is unlikely to persist. Benchmark lead on the London Metal Exchange at around $2,200 a tonne is up nearly 9% so far this year compared with losses of 3%, 7% and 25% for copper, aluminium and zinc respectively.

Oct 21 - BHP switches to green power for Chilean copper starting 2021 
BHP, the world's biggest miner, said on Monday it had signed four renewable energy contracts to supply all of its Chilean copper operations beginning in 2021, cutting energy costs by 20%. Miners, which often use fossil fuels as the energy source in their operations, are shifting to renewable generation as the cost of wind and solar power drops, while social and shareholder pressure to address climate change mounts.

Oct 21 - How a small aluminum maker won U.S. trade protection 
When Donald Trump won the White House, the sprawling aluminum smelter that hugs the Ohio River here was operating at less than half its capacity, and most of its skeleton crew of 270 remaining workers were fearful about their future. But Trump's tariffs have saved it, at least for now. How a tiny industry - only 4,000 U.S. workers are directly involved in making primary aluminum currently - won protection is a testament to savvy lobbying, and one firm’s ability to get the Trump administration to view it as a sector that would soon be gone without a government intervention.

Oct 21 - Barrick Gold reaches deal with Tanzania over Acacia Mining 
Barrick Gold Corp said it had reached a deal to settle a long-running tax dispute between Tanzania and mining group Acacia, which Barrick bought in a $1.2 billion transaction approved by a British court last month.  The tax deal includes the payment of $300 million to settle outstanding tax and other disputes, the lifting of a concentrate export ban, and the sharing of future economic benefits from mines on a 50-50 basis, Barrick said in a statement on Sunday. 

Oct 21 - Speculators cut bullish bets on COMEX gold, silver - CFTC 
Hedge funds and money managers cut their bullish positions in COMEX gold and silver contracts in the week to Oct. 15, 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.

Oct 21 - Chile´s mining industry operating normally despite violent protests - minister 
Chile´s mining industry was running as normal despite the violent protests that have rocked the capital, Santiago, and other cities across the world´s top copper producer, Mining Minister Baldo Prokurica said on Sunday. The protests over an increase in public transport costs prompted President Sebastian Pinera to reverse the fare hikes and declare a state of emergency. 

Oct 21 - Dam collapse kills at least 15 gold miners in Siberia 
At least 15 gold miners were killed on Saturday when a dam collapsed, flooding an artisanal mining encampment in a remote part of Siberia, officials said. Heavy rains had weakened the dam and water broke through, sweeping away several cabins where the artisan miners lived, about 160 km (100 miles) south of the city of Krasnoyarsk.

Oct 21 - Mitsubishi sells Australian iron ore, rail project to Sinosteel 
Mitsubishi Corp has handed over the full ownership of an iron ore expansion and rail and port infrastructure project in Western Australia to China's state-owned Sinosteel that has been slated to cost A$10 billion ($6.86 billion) to develop, the Japanese conglomerate said on Monday. The Japanese trading house divested all of subsidiary Crosslands Resources shares to Sinosteel unit Sinosteel Ocean Capital for an undisclosed sum, according to a statement from Mitsubishi. The shares were transferred on Friday, according to the statement.

Oct 18 - China Sept aluminium output falls y/y as smelter shutdowns weigh 
China's aluminium production fell 1.6% from a year earlier in September, official data showed on Friday, as ongoing outages at two key smelters leave the world's top aluminium producer struggling to register annual output growth.  China churned out 2.90 million tonnes of the metal last month, the National Bureau of Statistics said, down 2.5% from 2.973 million tonnes in August.  

Oct 18 - China Sept steel output skids to 6-mth low on anti-pollution curbs 
China's monthly crude steel output slid to a six-month low in September, official data showed on Friday, as mill operations were hit by a raft of restrictions aimed at cutting pollution ahead of parades marking the country's National Day on Oct. 1. Total output fell 5.4% to 82.77 million tonnes last month from 87.25 million tonnes in August, the lowest level since March, data from the National Bureau of Statistics (NBS) showed on Friday. But September production was up from 80.85 million tonnes in the same month last year. 

Oct 18 - BHP's London AGM rejects call to quit 'pro-coal' associations 
BHP shareholders are poised to reject a motion urging the world's biggest listed miner to suspend membership of some industry bodies judged to be at odds with goals to tackle climate change, initial voting in London suggested on Thursday.  Ethical investors have called for the suspension, arguing BHP's membership of some industry organisations funds pro-coal lobbying. 

Oct 18 - Chile's Codelco ditches 'green copper' push, eyes wider mine clean-up in two years 
In 2017, the world's largest copper producer - Chile's Codelco - announced a plan to sell "green copper" at a premium price to customers using more sustainable practices like renewable energy and recycled water to cut its carbon footprint.  The project has run aground however, Codelco insiders and an executive said, as the miner realised it would struggle to guarantee its copper's sustainability once it left the mine to be melted down and taken to market. Without that, traders said, higher prices were unjustifiable. 

Oct 18 - Zinc treatment, refining charges seen high on rising mine supply 
Zinc treatment and refining charges are expected to stay at high levels due to rising mine supply from Australia and South Africa, Chinese smelters, overseas miners and traders said this week at an industry gathering in China.  Next year's annual zinc TC/RC benchmark is expected to be higher than this year's, which was agreed between Korea Zinc and Teck Resources at around $245 per tonne, but not quite as high as current spot levels of almost $300 per tonne, Duncan Hobbs, research director at trading house Concord Resources Ltd said. 

Oct 18 - Barrick misses quarterly gold output estimates on Tanzania curbs 
Barrick Gold Corp fell short of analysts' estimates for third-quarter gold production on Thursday, as lower output at its North Mara mine in Tanzania offset gains from its Randgold buy and the Nevada Gold Mines joint venture. Operations at the Canadian company's North Mara mine were hit by tax and environmental disputes, and restrictions were lifted in September after Barrick addressed concerns about seepage at the project's tailings storage facility.

Oct 18 - The battery metal no one wants to talk about: Andy Home 
It accounts for around 75% of all rechargeable energy storage around the world. It is in just about every car and truck, regardless of whether the vehicle has an internal-combustion engine, uses hybrid technology or is pure electric.  Its proven reliability makes it the metal of choice for energy back-up services in hospitals, telephone exchanges, emergency services and public buildings. It is one of the most recycled materials in the modern world, more so than glass or paper, with the United States and Europe boasting near 100% recycling rates. 

Oct 18 - First Quantum shares jump after Jiangxi Copper-backed firm boosts stake 
Shares of First Quantum Minerals Ltd rose as much as 17% on Thursday after an investment firm backed by Chinese state-owned Jiangxi Copper Co Ltd increased its stake in the Canadian miner. Pangaea Investment Management Ltd said it had purchased 6 million more shares in First Quantum, bringing its stake in the company to 74.64 million shares, or 10.8%. 

Oct 18 - Guinea bauxite operations back to normal after political protests 
Mining operations in Guinea, Africa's biggest bauxite producer, returned to normal on Thursday after days of slowed production caused by political protests, mine officials told Reuters. At least nine protesters were killed this week during demonstrations in the capital Conakry and northern cities against a possible change to the constitution that could let President Alpha Conde seek a third term.

Oct 17 - China copper smelters hike Q4 treatment charge floor ahead of 2020 talks
China's top copper smelters on Thursday raised their floor treatment and refining charges (TC/RCs) for the fourth quarter of 2019 by 20% from the previous quarter, according to three people with knowledge of the matter. The China Smelters Purchase Team (CSPT) set the treatment charge floor at $66 per tonne, and the refining charge floor at 6.6 cents a pound at a meeting in Shanghai, said the people, who asked not to be identified due to the sensitivity of the matter.

Oct 17 - BHP sets early 2021 for decision on Jansen potash project
BHP Group Ltd, the world's biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Canada around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant investment in years, and which it hopes will provide another pillar of long-term growth.

Oct 17 - Australia's South32 coking coal output rises 9% on Illawarra ramp-up
South32 Ltd on Thursday reported a 9% rise in coking coal production for the first quarter, as the miner ramped up output at its Illawarra project in New South Wales. Production of the steel-making ingredient, known as metallurgical or coking coal, was about 1.7 million tonnes in the September quarter, compared with 1.5 million tonnes a year earlier. 

Oct 17 - Plastic bottles vs aluminium cans: who'll win the global water fight?
Global bottled water giants are ramping up trials of easily recyclable aluminium cans to replace plastic that pollutes the world's seas. Sound like a slam-dunk for the environment? Not entirely. Aluminium cans might indeed mean less ocean waste, but they come with their own eco-price: the production of each can pumps about twice as much carbon into the atmosphere as each plastic bottle. 

Oct 17 - London Metal Exchange to hike trading and clearing fees from Jan 2020
The London Metal Exchange (LME) will raise its trading and clearing fees 8% from January 2020, its first increase in five years to fund new projects and keep up with inflation, the exchange said on Wednesday in a statement. The exchange, owned by Hong Kong Exchanges and Clearing Ltd, also said it would increase the over-the-counter booking fee to $1.14 per lot from $1.

Oct 17 - Neometals to partner with German firm to commercialise battery recycling tech
Australia's Neometals Ltd on Thursday signed a preliminary deal with German metallurgical equipment supplier SMS Group GmbH to commercialise the miner's lithium-ion battery recycling technology. Under the terms of the agreement, Neometals and SMS Group will form an equally-owned joint venture which will further develop, manage and operate Neometals' lithium-ion recycling business.

Oct 17 - Peru government taps armed forces to unblock copper protests
The Peruvian government on Wednesday authorized the intervention of the armed forces and police to unblock access to one of the country's largest copper mines, after owner Chinese miner MMG Ltd said it may have to cease production at the site. The decree, published in official newspaper El Peruano, declared a state of emergency for 30 days in an Andean area where residents have been blocking a road used by the mining company to transport concentrates for almost four weeks.

Oct 17 - China lead producer Yuguang eyes move into battery manufacturing
Henan Yuguang Gold and Lead, China's largest lead producer, plans to set up a lead-acid battery production line as part of a downstream expansion, a company official said on Wednesday. Yuguang, based in central China's Henan province, has not yet decided on a capacity or location for the plant as the plans are still being studied, deputy chief engineer Li Gui said on the sidelines of the China Lead and Zinc Conference in Kunming.

Oct 16 - Rio Tinto quarterly iron ore shipments rise 5% on China demand 
Global miner Rio Tinto said on Wednesday its third-quarter iron ore shipments rose 5%, helped by higher demand from Chinese steelmakers. The global miner shipped 86.1 million tonnes of iron ore in the July-September quarter, compared with 81.9 million tonnes a year earlier.

Oct 16 - Russia's Rosatom may buy controlling stake in Chile lithium project 
Uranium One Group, a subsidiary of Russia's state nuclear company Rosatom, may buy a controlling stake in a lithium project in Chile's Atacama salt flat from Wealth Minerals Ltd, the Canada-listed company said on Tuesday. Under a deal struck with Wealth, the Russian nuclear firm has the option to purchase up to a 51% stake in Wealth's Atacama project in northern Chile, the statement said. 

Oct 16 - Chile's Antofagasta reaches labor deal with supervisors at Los Pelambres copper mine 
Chile's Antofagasta Minerals, one of the world's top copper producers, said on Tuesday it had reached a labor agreement with a union of supervisors at its flagship Los Pelambres mine in Chile. The newly inked 36-month contract includes a 1% hike in salaries, a signing bonus of $17,000 as well as loan incentives for workers, Antofagasta said in a statement.

Oct 16 - Coal India's woes should boost imports, but steel softness drags: Russell
India's coal imports are on track to decline for a third straight month in October, a drop that seems out of kilter with the ongoing struggles of state miner Coal India to boost domestic output. India's seaborne imports of both thermal and coking coal are on track to be around 13.3 million tonnes this month, according to vessel-tracking and port data compiled by Refinitiv.

Oct 16 - China's steel industry fragmentation worsening - official
China's steel sector fragmentation is worsening, an industry official said on Tuesday, citing unplanned new capacity at small mills undermining government efforts to restructure and merge companies in the huge industry. Beijing has been trying to consolidate the world's largest steel market to curb excess capacity and pollution and has set a goal for its top 10 steelmakers to own 60% of production capacity by 2020. 

Oct 16 - Smelter outages prolong zinc's supply-chain bottleneck: Andy Home
"The most critical issue facing the zinc market is the performance of zinc smelters and Chinese zinc smelters in particular." A potential smelter bottleneck topped research house Wood Mackenzie's January zinc list of "Things to look for in 2019". 

Oct 16 - China's top steelmaking city Tangshan issues 2nd-level pollution alert
China's top steelmaking city of Tangshan, in Hebei province, issued a second-level smog alert on Tuesday due to expected pollution in the coming few days, local government-backed media reported.  The alert will take effect from 8 p.m. local time (1200 GMT) on Oct. 15. 

Oct 16 - OceanaGold suspends Didipio mine operations in Philippines amid dispute 
Australia's OceanGold Corp warned of lower output this year after it suspended production at its Didipio gold and copper mine in the Philippines citing a dispute with local government. OceanaGold cut its full-year output guidance to 460,000-480,000 ounces of gold and 10,000-11,000 tonnes of copper, assuming no further production or sales for the remainder of the year at Didipio.

Oct 15 - Vale Q3 iron ore output falls 17.4% year-on-year following Brazil dam break
Brazil's Vale SA said on Monday its third-quarter iron ore production was up from the previous quarter but still down 17.4% from a year ago, as the miner slowly began to resume production at mines that were shut down following a deadly dam burst in January. The company produced 86.704 million tonnes in the July-September period, up more-than two-thirds from the second quarter as operations resumed at Brucutu, its largest mine in the southeastern state of Minas Gerais, and at part of its Vargem Grande complex. 

Oct 15 - China's commodity imports stay robust, but caution warranted: Russell
On the surface China's imports of major commodities appeared to continue their resilience in September, even as the country's total exports and imports laboured under the strain of the trade dispute with the United States. But while volumes held up in September for imports of crude oil, natural gas, iron ore, coal and copper, it's worth sounding a note of caution given the timing of the week-long national holidays in the first week of October.

Oct 15 - Australia's Newcrest greenlights first-stage expansion of Cadia gold mine
Australia's Newcrest Mining Ltd, the country's biggest gold producer, said on Tuesday it will go ahead with a $685 million first-stage expansion of its flagship Cadia mine in New South Wales. Newcrest said board members had approved the initial leg of a two-stage expansion that it expects to boost production from the 2023 financial year.

Oct 15 - China Hongqiao in talks for Yunnan aluminium project – gov't official
Top aluminium producer China Hongqiao Group is in discussion with local authorities in Yunnan province to build an aluminium plant, a provincial government official said on Tuesday. "They are in the process of discussing this issue," Dong Hua, vice governor of the southwestern province, told Reuters on the sidelines of the China International Lead and Zinc Conference in Kunming. "Once they have discussed it, you will know."

Oct 15 - Chile's Codelco says considering closure of coastal copper smelter
Chile's Codelco, the world's largest copper producer, said on Monday that it is evaluating the closure of its Ventanas copper smelter in a polluted coastal region.  Media have reported that President Sebastian Pinera would announce the closure of the facility during the upcoming COP25 climate change conference, which will take place in capital Santiago in December. 

Oct 15 - Ganfeng’s lithium expertise set to power Bacanora’s Mexico project
London-listed Bacanora Lithium plans a $300 million capital raise early next year and says a deal with China's Ganfeng Lithium Co Ltd puts it in a better position to raise cash than when it cancelled a smaller share sale last year. Bacanora's Sonora lithium project in Mexico is one of many that have fallen behind schedule as production of the battery mineral tests traditional mining skills and the market is volatile because of uncertainty about supply and demand.

Oct 15 - Zimbabwe aims to more than triple diamond production by 2023
Zimbabwe expects to increase diamond production to 11 million carats by 2023 from 3.2 million carats last year, the mines minister said on Monday, part of an ambitious plan to raise mining output and earn the country $12 billion a year. The mineral-rich southern African nation sees the mining sector as the main driver for reviving an economy crippled by triple-digit inflation and high unemployment. 

Oct 15 - Alamos Gold halts construction at Turkish project amid protests 
Alamos Gold has halted construction work at its Kirazli project in western Turkey, the Canadian gold miner said on Monday, after its mining concessions expired on Sunday amid protests against the project. Thousands of Turks, including opposition lawmakers, have been protesting against the mine, saying the company would use cyanide to extract gold, contaminating the soil and waters of a nearby dam. They have also said Alamos has cut down more trees than it had declared.

Oct 14 - Weak demand offsets fall in iron ore prices for steelmakers
Steelmakers' margins are due to deteriorate in coming quarters despite a fall in the price of raw material iron ore because steel prices have also slumped, pressured by weak demand. "Even with the correction that we saw in iron ore, steel prices have fallen in just about every market, in Europe, the U.S. and China," said analyst Serafino Capoferri at Macquarie in London.

Oct 14 - China Sept iron ore imports surge to 20-mth high on firm demand 
China's iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fuelled by firm demand at steel mills and stable shipments from big miners.  The world's top iron ore consumer brought in 99.36 million tonnes of the mineral last month, the biggest purchase since January 2018, Reuters calculations showed. That was up 4.8% from 94.85 million tonnes in August and compared with 93.47 million tonnes a year earlier. 

Oct 14 - British regulator reviews JPMorgan metals trading amid U.S. probe - sources
Britain's financial services regulator is examining allegations of precious metals market manipulation by JPMorgan Chase & Co traders following criminal charges by U.S. authorities, according to two people familiar with the matter. The UK Financial Conduct Authority (FCA) is one of the various authorities that JPMorgan has previously said were investigating its metals trading, according to one of the people, who declined to be named due to the sensitivity of the matter. The watchdog has requested documents and other information from JPMorgan, the source said.

Oct 14 - China Sept copper imports rise to 8-mth high, aluminium exports fall 
China's copper imports rose 10.15% in September from a month earlier, to their highest in eight months, data from the customs showed on Monday, as higher prices in Shanghai drew shipments to the world's top consumer of the metal. Arrivals of unwrought copper, including anode, refined and semi-finished copper products into China, stood at 445,000 tonnes last month, the General Administration of Customs said. 

Oct 14 - Indonesia considers bauxite royalty rule changes amid output surge 
The Indonesian government has opened discussion on a proposal by the bauxite-rich province of West Kalimantan for a change in royalty rules after a jump in production in recent months, according to a statement issued on Friday. The central government is in the process of revising regulations and a draft will soon be submitted for President Joko Widodo's approval that has already accommodated some of the West Kalimantan government's request to change the royalty rate, according to a statement issued by the coordinating ministry for maritime affairs, which oversees mining.

Oct 14 - CME's physical aluminium delivery gains traction in Asia warehouses
CME Group Inc's physical delivery of aluminium has gained traction since September after expanding its warehousing network beyond the United States into Europe and Asia, fuelled by growing liquidity in Asian market, a company official said.  "We are starting to see actually more and more materials coming into our warehouses," Young-Jin Chang, CME's Global Head of Metals told Reuters by telephone on Friday, adding more stocks of the light metal were expected in Asian locations. 

Oct 14 - Indonesia state miner agrees to buy 20% stake in Vale Indonesia 
Mining Industry Indonesia, the state miner formerly known as PT Inalum, said on Monday it has signed an initial agreement to buy a 20% stake in nickel miner PT Vale Indonesia for an undisclosed sum. The planned sale was flagged by the Indonesian government last week as Vale Indonesia seeks to comply with rules that require foreign controlled miners to reduce their ownership to 49% or below within 10 years of starting operations. 

Oct 14 - Speculators raise bullish bets on COMEX gold - CFTC 
Hedge funds and money managers raised their bullish positions in COMEX gold and silver contracts in the week to Oct. 8, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also reduced a net short position in copper futures and options, the CFTC data showed.

Oct 14 - MMG's Las Bambas copper mine faces production halt amid protests 
Chinese miner MMG Ltd is likely to have to halt production at its Las Bambas copper mine in Peru "within a week" due to protests that have blocked access to the site, a senior local executive told Reuters on Friday. Alvaro Ossio, the mine's vice president of finances, said Las Bambas, Peru's largest copper minefield, had declared "partial" force majeure with contractors and was evaluating doing the same for copper sales.

Oct 14 - Guinea's Nimba iron ore project gets green light to export via Liberia 
Guinea and Liberia signed a deal on Friday to allow several mines in Guinea, including the giant Nimba iron ore project, to export through Liberia, officials from the West African countries said. The logistics of transporting tonnes of raw materials to port from mining sites in remote parts of Guinea has been a major hurdle for prospective developers of the country's vast mineral wealth.

Oct 14 - Rio Tinto signs its first Renminbi portside trading contract 
Rio Tinto, one of the world's top iron ore miners, signed its first spot trading contract denominated in Chinese Renminbi on Friday, in an effort to diversify procurement channels for Chinese customers.  The Anglo-Australian mining giant held a signing ceremony at Rizhao Port in China's eastern province of Shandong, offering 10,000 tonnes of mid-grade iron ore SP10 to Shanxi Gaoyi Steel Co Ltd, said Zhang Qi, director of foreign ore at the Shanxi firm.

Oct 11 - EU investigates Chinese hot-rolled steel, puts duties on road wheels 
The European Commission said on Thursday it had opened an investigation into whether China and Indonesia are dumping hot-rolled stainless steel, used in car frames and machinery, in the European Union. Reacting to accusations by European industry that China and Indonesia are flooding the European market with cheap, subsidised steel, the Commission's investigation could eventually lead to duties on imports.

Oct 11 - Mind the alumina gap as Western and Chinese prices diverge: Andy Home 
The alumina market is currently seeing a widening gap in pricing between China and the rest of the world. Outside of China the price of the aluminium input has fallen below $300 per tonne for the first time since the second quarter of 2017.  Last year's explosive rallies above $600 per tonne are a distant memory as the full return of the giant Alunorte refinery in Brazil stabilises supply. 

Oct 11 - Expert says lab results from PNG Ramu nickel spill 'alarming' - report 
An expert in chemical contamination has called test results from the Ramu nickel spill into Papua New Guinea's Basamuk Bay in August "alarming," according to a local media report on Thursday.  A spill at Metallurgical Corp of China (MCC)'s nickel processing plant located in Madang, on the country's northeastern coast, caused the surrounding ocean to turn red and left a muddy residue on the rocky shoreline, according to locals and photographs of the incident at the time. 

Oct 11 - China's Zijin Mining set to miss 2019 output targets - presentation 
Zijin Mining Group Co Ltd, one of China's biggest gold miners, expects to miss production targets for gold, copper and zinc this year although it increased output of all three metals, a company presentation showed on Thursday. Zijin now expects to produce around 38.2 tonnes of gold in 2019, according to a presentation by executive director George Fang at the China Mining conference in Tianjin. That is up 4.7% from 36.5 tonnes last year but below this year's target of 40 tonnes set in March. 

Oct 11 - Australia's Clean TeQ ends agreement with MCC to develop battery metals project 
Australian mine developer Clean TeQ Holdings Ltd said on Friday it terminated an agreement with Metallurgical Corporation of China to develop its Sunrise Battery Materials Complex, further delaying the project.  The move creates more pressure on Clean TeQ, whose largest shareholder is Canadian mining entrepreneur Robert Friedland, to get the nickel, cobalt and scandium project in central New South Wales up and running at a time when demand from electric vehicle makers is set to gear up. 

Oct 11 - China begins new environmental probe in smog-prone Hebei province 
China has launched a new audit into environmental compliance in the northern industrial province of Hebei surrounding Beijing, as it looks to ensure officials are not dodging efforts to combat pollution, official media said on Friday.  China launched countrywide audits in 2015 to help ensure compliance with efforts to curb pollution, with many local authorities accused of turning a blind eye to pollution in order to guarantee growth and employment. 

Oct 11 - Thyssenkrupp's top shareholder says never called for special dividend 
Thyssenkrupp's largest shareholder on Thursday dismissed speculation that it had backed calls for a special dividend. The Alfried Krupp von Bohlen und Halbach foundation, Thyssenkrupp's top investor with a 21% stake, had previously remained silent on the subject, even after activist fund Cevian last week denied such demands had been made.

Oct 10 - Shanghai aluminium prices outperform LME on China shortfall 
A shortage of aluminium in China as domestic supplies fall has boosted prices in Shanghai, which are outperforming those on the London Metal Exchange where weaker demand in the rest of world is reflected, a divergence expected to dominate for some time. Benchmark aluminium on the London Metal Exchange (LME) hit its lowest since January 2017 at $1,704.85 a tonne earlier this month, a drop of 12% since March when the trade dispute between the United States and China escalated.

Oct 10 - As Fortescue taps Guinea, China eyes broader iron ore supply sources - CEO 
China is looking beyond current suppliers like Australia to procure raw materials in future as its steel demand continues to grow, the chief executive of the world's No. 4 iron ore producer Fortescue Metals Group warned on Thursday.  Even as clouds gather over the global economy amid the bitter trade war between Washington and Beijing, Fortescue CEO Elizabeth Gaines told an industry event in Melbourne that China still has a considerable way to go before it reaches peak steel usage, predicting robust growth this year. 

Oct 10 - Top-5 BHP investor Aberdeen Standard piles on climate pressure ahead of AGM 
One of BHP's biggest shareholders Aberdeen Standard Investments on Wednesday added to pressure for the world's leading miner to cut ties with lobby groups it says are at odds with the company's pledges on climate leadership. Earlier, the Church of England Pensions Board urged shareholder advisers to review their opposition to a resolution calling on BHP to withdraw from groups that lobby for policies inconsistent with global climate change limitation goals.

Oct 10 - LME stocks grab feeds nickel's raging bull fires: Andy Home 
Where is all the nickel going?  London Metal Exchange (LME) stocks of nickel are falling at an unprecedented rate.  Another 8,898 tonnes left the exchange's warehouse system on Tuesday, meaning stocks have slumped by almost a third in the last two weeks. 

Oct 10 - Russia's Polymetal may invest in rare earth project to tap electric vehicle demand 
Russia's Polymetal will consider investing in the country's largest rare earth project Tomtor, which is being developed by the gold and silver producer's top shareholder, chief executive Vitaly Nesis said on Wednesday. Polymetal, in which Vitaly's brother and Russian businessman Alexander Nesis holds the largest stake, said in August that it was considering acquiring minority stakes in domestic rare earth minerals projects, tapping into growing demand for commodities used in the production of electric cars. 

Oct 10 - Blockade lifted at Newmont Goldcorp Mexico mine; 11,000 oz gold output hit 
Newmont Goldcorp said on Wednesday a blockade that began on Sep. 14 at its Penasquito gold mine in Mexico in northern Zacatecas state has been lifted, though operations remained temporarily suspended. The blockade hit Penasquito's third-quarter production by some 11,000 gold ounces, 1.7 million silver ounces, 13.7 million pounds of lead and 22.8 million pounds of zinc, the world's biggest gold producer said in a statement.

Oct 10 - Tanzania gold export earnings up 25% in year to August - central bank 
Tanzania's earnings from gold exports rose 25.1% in the year to August, buoyed by higher output of the precious metal, its central bank said on Thursday. Gold exports fetched $1.91 billion in the year ending August 31, up from $1.53 billion the previous year. "Gold export rose by 25.1 percent ... driven by volume, and accounted for more than half of non-traditional exports," the Bank of Tanzania said in its latest monthly economic report.

Oct 10 - China's MMG says protests to affect Las Bambas copper operations 
Operations at Las Bambas, one of Peru's largest copper minefield, will be affected by road disruption with supplies being blocked amid anti-mining protests, Chinese miner MMG Ltd said on Thursday. Access to our Las Bambas mine has been disrupted due to roadblocks and logistics have been interrupted since Sept. 22, MMG said, as protests blocked supplies from reaching their operations.

Oct 10 - Workers at Fura emerald mine in Colombia labor in unsafe conditions - ex-employees 
Workers at the Colombian emerald mine run by Canada's Fura Gems'- the first publicly-traded emerald miner operating in the South American nation - have been laboring in unsafe conditions and sometimes lack basic safety equipment, according to four former employees.  Fura set out early last year to revive production at the fabled, four-century-old Coscuez mine, once the Andean country's largest producer of the gem.

Oct 09 - Satellites to spy on smelters for copper traders 
A service will launch next week for funds managers, traders and miners that uses satellites to keep copper smelters under surveillance to get quick word of when they shut down and ramp up. Britain-based Earth-i, which specialises in geospatial data, aims to sell its SAVANT service to the finance sector since news of a major smelter going off-line or restarting can jolt the copper price.

Oct 09 - Codelco holds China copper premium steady at $88/T for 2020 - sources 
Chile's Codelco, the world's biggest copper producer, has agreed with some Chinese customers to keep its physical copper premium for 2020 unchanged from this year at $88 a tonne, according to two people with knowledge of the matter. The premiums, to be paid on top of London Metal Exchange prices for delivery of copper cathodes, a basic form of copper used to make products such as copper rods and tubes, are seen as a benchmark for global contracts. 

Oct 09 - Japan Oct-Dec crude steel output forecast to slip 
Japan's output of crude steel in the October-December quarter is forecast to fall 0.1% from a year earlier as trade tensions and uncertainty over China's economy curb exports, the Ministry of Economy, Trade and Industry (METI) said on Tuesday. Crude steel output is estimated at 25.69 million tonnes versus 25.70 million tonnes a year earlier, the ministry said.

Oct 09 - Brazil's Vale details damages payments, speeds dam decommisoning 
Brazilian mining company Vale SA has paid 860 million reais ($210 million) in emergency damages relating to the Brumadinho tailings dam disaster, it said in a presentation on Tuesday.  Vale also said it is accelerating decommissioning of its tailings dams, with $1.9 billion set aside for nine bigger dams, and $100 million for smaller structures. It added that work to secure its Barragem Sul Superior tailings dam will be complete by December.

Oct 09 - Sierra Leone cancels mining licence of Gerald Group unit 
Sierra Leone's government has cancelled the mining licence of a subsidiary of Gerald Group, the mines minister told Reuters on Tuesday, amid a dispute over royalty payments. SL Mining suspended its iron ore mining operations in the West African country last month after filing for arbitration over the matter in an international court.

Oct 09 - Australia's NAB trims coal price forecast for 2020, raises gold for 2019
National Australia Bank (NAB) has trimmed its forecasts for metallurgical coal and thermal coal for next year given weakening longer term demand prospects, it said on Wednesday. It now sees thermal coal prices averaging at $70 a tonne in 2020, from $76 previously, and hard coking coal averaging at $150 a tonne from an earlier forecast of $156 a tonne, it said in a report. Australia is the world's biggest coal exporter.

Oct 08 - Chile's Antofagasta seeks state mediation over labor dispute at Los Pelambres 
Chile's Antofagasta, one of the world's largest copper producers, has requested government mediation to resolve a contractual dispute with supervisors at its flagship Los Pelambres mine, the supervisors´ union said on Monday. The workers voted by a majority to go on strike after rejecting a salary adjustment offer from the company and amid opposition to a flexible working hours plan.

Oct 08 - Miners rate social licence, climate change as top concerns. Really?: Russell 
The top concern among global miners, for a second year running, is how to keep a social licence to operate, especially amid rising pressure for the industry to tackle climate change. But knowing what the main challenge is, and knowing what to do about it appear to be two different things.

Oct 08 - United States races to build critical minerals alliances: Andy Home 
President Donald Trump's offer to buy Greenland didn't go down well with either the inhabitants of the world's largest island or with Denmark, which administers it as an autonomous territory.  The Danish prime minister Mette Frederiksen described the idea as "absurd", triggering a diplomatic fall-out as Trump decided to cancel a planned visit to Denmark. 

Oct 08 - Chilean copper mines register mixed output in August - Cochilco 
Production by Chile's state copper miner Codelco rose 9.3% year on year in August to 154,700 tonnes, but the total for the first eight months of 2019 dropped 8.4% to 1.06 million tonnes compared to the year-ago period, state copper commission Cochilco said on Monday. Production at BHP's Escondida copper mine, the world's largest, fell 8.5% year on year in August to 770,800 tonnes. 

Oct 08 - S.Africa's Impala to buy North American Palladium for about $750 mln 
South Africa's Impala Platinum Holdings Ltd (Implats) said on Monday it would buy Canada-based North American Palladium Ltd for about C$1 billion ($751.77 million), marking the miner's first purchase outside of Africa. Prices for Palladium, widely used in vehicle exhausts to reduce harmful emissions, have doubled from a low in August last year as tighter environmental regulations force carmakers to buy more of the precious metal. 

Oct 08 - Ferrexpo lowers annual iron ore pellet production outlook 
Ferrexpo Plc, the third-largest pellet exporter in the global steel industry, on Tuesday said it expects its annual iron ore pellet production to be at the lower end of its earlier forecast of 10.6 million tonnes. Switzerland-based Ferrexpo, which has major assets in Ukraine, said annual pellets production is likely to be in the range of 10.4 million tonnes to 10.6 million tonnes, compared with its previous guidance of 10.6 million tonnes. 

Oct 08 - Australia's Port Hedland iron ore shipments to China fall more than 5% in Sept 
Iron ore shipments to China from Australia's Port Hedland terminal, the world's biggest iron ore port, fell more than 5% in September from a month earlier, port data showed on Tuesday. Shipments to China totalled 36.05 million tonnes in September, down from 38.14 million tonnes in August, the Pilbara Ports Authority said.

Oct 07 - Codelco agrees copper premium at $98/T for Europe, flat from 2019 
The world's biggest copper miner, Codelco, has agreed its 2020 physical copper premium to European buyers at $98 a tonne, the same level as for 2019, copper industry sources said on Friday. The premiums set by Chile's Codelco for physical delivery of copper to be paid over the London Metal Exchange benchmark are seen as a benchmark for global contracts, which means other producers are likely to follow suit.

Oct 07 - Australia's Fortescue confirms bid to develop Guinea iron ore 
Australia's Fortescue Metals Group confirmed on Monday that it has submitted a bid to develop two blocks in the giant Simandou iron ore deposit in Guinea. Reuters reported on Friday that Fortescue and Guinea's biggest bauxite exporter SMB-Winning were the last two bidders in the running for the rights to develop the two blocks. 

Oct 07 - Indian gold imports hit three-year low as prices jump 
India's gold imports plunged 68% year on year in September to their lowest in more than three years as record domestic gold prices curbed retail buying, a government source said on Friday. 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 New Delhi in bringing down the trade deficit and supporting rupee.

Oct 07 - New Thyssenkrupp CEO to brief top managers on Tuesday - sources 
Thyssenkrupp's new chief executive Martina Merz will brief top managers about the steel-to-submarines conglomerate's organisational structure on Tuesday, three sources familiar with the matter told Reuters.  The German group announced in May it was open to new ownership structures for its car parts, plant engineering, marine systems and elevators units, but investors criticised a lack of progress leading to the dismissal of CEO Guido Kerkhoff. 

Oct 07 - Indonesia govt appoints Inalum to buy stake in Vale Indonesia - official 
Indonesia's government has appointed state miner PT Inalum to purchase a stake that PT Vale Indonesia intends to sell, the Director General of Coal and Minerals, Bambang Gatot Ariyono, said on Monday. Vale, one of Indonesia's largest nickel miners, is set to divest around 20% of its stake to local investor to meet new regulations aimed at limiting foreign ownership of its mining resources.

Oct 07 - Chile's Antofagasta seeks to stave off strike at small Antucoya copper mine 
Chile's Antofagasta, one of the world's top copper miners, negotiated on Thursday with workers in hopes of staving off a strike at its small Antucoya deposit in northern Chile, though union leaders said there had been little progress in discussions. The government-mediated negotiations follow the union's decision to reject Antofagasta Plc's final contract offer, raising the specter of a strike.

Oct 07 - Speculators slash bullish bets on COMEX gold - CFTC 
Hedge funds and money managers slashed their bullish positions in COMEX gold and trimmed bullish bets on silver contracts in the week to Oct. 1, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. The speculators also upped a net short position in copper futures and options, the CFTC data showed.

Oct 07 - Japan's copper output seen rising 2.5% in second half of financial year 2019/20 
Japan's copper output in the second half of the 2019/20 financial year to March 31 is forecast to climb 2.5% from a year earlier, Reuters calculations from plans outlined by smelters showed, despite slower demand in auto and semiconductor sectors. Higher output is planned at top-ranked Pan Pacific Copper (PPC), Mitsubishi Materials Corp and Dowa Holdings Co, with Mitsubishi predicting the highest 16% increase.

Oct 04 - Palladium to build on record peak as market tightens again
Palladium is likely to rise still higher after growing demand from automakers and a gaping supply shortfall pushed prices to record levels above $1,700 an ounce this week, analysts said. Used in vehicle exhausts to reduce harmful emissions, palladium has almost doubled in value from a low in August last year as tighter environmental regulation forces carmakers to buy more.

Oct 04 - Brazil miner Vale considers making low-emission iron if gas prices fall -sources
Brazil's Vale SA, the world's largest miner of iron ore, is considering producing a type of iron with lower carbon emissions if the price of natural gas needed to produce it falls significantly, three sources with the company said on Thursday. The company is interested in making "hot briquetted iron" (HBI) if the price of gas falls to $4 per million British thermal units (mmBtu), according to the three people, who requested anonymity.

Oct 04 - Chile's Antofagasta seeks to stave off strike at small Antucoya copper mine
Chile's Antofagasta, one of the world's top copper miners, negotiated on Thursday with workers in hopes of staving off a strike at its small Antucoya deposit in northern Chile, though union leaders said there had been little progress in discussions. The government-mediated negotiations follow the union's decision to reject Antofagasta Plc's final contract offer, raising the specter of a strike.

Oct 04 - Canada's Fortune Minerals scales back mine on weak cobalt prices 
Canada's Fortune Minerals Ltd said on Thursday it would shelve plans to upsize its early-stage cobalt mine in thecountry's far north while it continues to hunt for a strategic partner. The company's decision to scale back plans at its proposed Nico development in Canada's Northwest Territories comes after cobalt prices, hit by oversupply, have fallen from $47,000 per tonne in January to around $35,470.

Oct 04 - Russia's Mechel to pay $461 mln for stake in Elga coal project - sources
Russian steel and coal producer Mechel agreed to pay around 30 billion roubles ($461 million) for Gazprombank's 34% stake in the Elga coal project, two sources familiar with the matter told Reuters on Thursday. Elga is one of the world's largest coking coal deposits with reserves of 2.2 billion tonnes. In 2016, Gazprombank paid 34.4 billion roubles to buy a 49% stake in Elga from Mechel, which owns the remainder of the project, as part of the coal producer's debt restructuring.

Oct 03 - Judge orders Marex to pay most of $32 mln metals fraud bill 
Glencore warehouse unit Access World was mostly to blame for $32 million of losses from a complex metals fraud, but broker Marex Spectron will have pay most of the bill to French bank Natixis, a UK judge ruled on Wednesday. Access World failed to quickly identify fake receipts for nickel stored at Asian warehouses, but its terms and conditions capped liability, London High Court Judge Simon Bryan said.

Oct 03 - Nippon Steel's damaged Kimitsu plant to be shut until end-Dec
Japan's biggest steelmaker, Nippon Steel Corp, said on Thursday one of the two steelmaking plants at its Kimitsu Steel Works will be shut until the end of December, to repair a chimney that collapsed in a typhoon last month. The plant where work was suspended is located in Japan's prefecture of Chiba east of Tokyo, the capital, and produces about 150,000 tonnes of semi-finished products each month to make wire rods used in automobiles, among other applications.

Oct 03 - Copper trapped between faltering supply and weak demand: Andy Home 
It's turning out to be a bad year for copper supply. Both mined and refined production fell in the first half of the year, according to the International Copper Study Group (ICSG). What was always going to be a year of weak supply growth has been made worse by a stream of supply disruptions.

Oct 03 - Vietnam imposes anti-dumping tax on Chinese aluminium products
Vietnam has imposed an anti-dumping tax on some aluminium products from China, just months after a similar levy targeting steel items, as the Southeast Asian nation looks to rein in an ever-increasing trade deficit with its giant neighbour. An investigation launched in January found that Chinese dumping activities had seriously hurt domestic producers of aluminium, with some having to suspend output, the Ministry of Industry and Trade said.

Oct 03 - Chinese steel city steps up fines, prosecutions in pollution battle
China's smog-prone northern city of Tangshan has issued new guidelines to punish and prosecute companies and individuals found guilty of pollution offences, amid warnings it might miss its air quality goals for this year. Tangshan, which produces more steel each year than the whole of the United States, is about 180 km (112 miles) from Beijing, the capital, and is on the frontline of China's "war on pollution", which is now in its sixth year.

Oct 03 - Brazil miner Vale expects to mostly finish paying for burst dam by 2021 
Brazilian miner Vale SA on Wednesday said it expects to finish paying for most of the expenses related to the disaster at one of its facilities that killed at least 250 people by 2021. In securities filings, Vale laid out its expectations for expenses related to the rupture of a mining dam at its facility in the town of Brumadinho in January, which released a torrent of mud burying buildings and people.

Oct 03 - Canada's Iamgold halts some work at Rosebel mine in Suriname - report 
Canadian miner Iamgold Corp has partially halted work at its Rosebel gold mine in Suriname after an influx of illegal miners blockaded operations, local media reported on Thursday. The Toronto-listed company has stopped work and removed equipment and personnel from the mine’s southern pits, news site Starnieuws said.

Oct 03 - South African union files case against Samancor Chrome over alleged fraud 
One of South Africa's largest mining unions filed a court case on Wednesday against privately-owned manganese and chrome producer Samancor Chrome relating to alleged fraud. Human rights lawyer Richard Spoor, who is representing the Association of Mineworkers and Construction Union (AMCU) said the case related to fraud and profit shifting worth hundreds of millions of dollars.

Oct 03 - Landslide at gold mine in eastern Congo kills at least 16 
A landslide at a shuttered gold mine in eastern Democratic Republic of Congo killed at least 16 people on Wednesday, the provincial governor said. Dozens of people die in Congo every year because of old-fashioned and unregulated mining methods that compromise safety.

Oct 02 - Sanctions are over, Rusal's clients say, as aluminium "mating season" starts 
Aluminium group Rusal is in talks with customers to agree 2020 supply contracts, six industry sources told Reuters, marking the first round of autumn negotiations since sanctions against the Russian company were lifted in January. Rusal starts the aluminium industry's so called "mating season" hoping to win back customers lost a year ago due to the sanctions which hit the company's bottom line and roiled world aluminium markets.

Oct 02 - Falling output and stocks fail to halt aluminium price slide: Andy Home 
Global aluminium production is contracting this year. Cumulative output in the first eight months of 2019 slid by 0.6% to 42.5 million tonnes with production down in both China, the world's dominant producer, and the rest of the world, according to the International Aluminium Institute (IAI). If the trend continues, this will be the first year since 2009 to see a simultaneous production decline in both halves of the aluminium universe.

Oct 02 - Pala Investments boosts cash part of Cobalt 27 deal 
Cobalt 27 Capital on Tuesday said Pala Investments raised the cash portion of its deal to buy the Canadian cobalt miner, boosting overall transaction value to C$506.2 million ($382.79 million). Pala raised the cash consideration to C$4.00 per share from C$3.57 per share, fetching Cobalt 27 an added C$30 million. 

Oct 02 - Brazil's Vale receives 82 positive structural safety certificates - filing
Brazilian iron ore miner Vale SA said on Tuesday it has received 82 positive structural stability certificates at its domestic operations, with three dams being awarded positive certificates after negative evaluations in March. In a securities filing, the miner also said six deactivated high dams still have negative structural stability certificates, while the Vargem Grande dam at its Vargem Grande complex still has a negative certificate too, it added.

Oct 02 - S.Africa's AMCU refers platinum wage dispute to commission 
South Africa's AMCU union said on Tuesday it has referred ongoing platinum wage negotiations with Anglo American Platinum and Sibanye-Stillwater to the Commission for Conciliation, Mediation and Arbitration. AMCU President Joseph Mathunjwa said at a briefing on Tuesday that the union, the majority union in the platinum sector, would not accept less than a 1,000 rand ($65.68) increase to monthly wages. He said negotiations with Impala Platinum were not referred to the CCMA, a government body charged with dispute resolution.

Oct 01 - Canada's Kinross hits pause on Russia after gold project deal
Canada's Kinross Gold Corp is putting future deals in Russia on hold after snapping up a development project in a country hit by Western sanctions. The Toronto-based miner in July acquired the undeveloped Chulbatkan asset from closely held N-Mining for $283 million in cash and shares.

Oct 01 - Congo mine deploys digital weapons in fight against conflict minerals
In a small shack overlooking muddy pits hewn out of eastern Congo's rolling green hills, a government official puts a barcoded tag on a sack of ore rich in tantalum, a rare metal widely used in smartphones. With a handheld device linked to a server in the cloud, the agent scans the barcode, uploading data including the sealed bag's weight, when it was tagged, and by whom.

Oct 01 - China's imports of major commodities stayed resilient in September: Russell
China's imports of major commodities, including crude oil, iron ore, liquefied natural gas (LNG) and coal, appeared to have once again shown resilience in September, challenging the prevailing narrative that the world's second-largest economy is weakening. While official customs data for the month will only be published next week after the national day holidays, vessel-tracking and port data compiled by Refinitiv suggest that imports held up in September.

Oct 01 - Australia sees opportunity to boost critical minerals supply to U.S. - report
Australia has a fresh opportunity to supply the United States with critical minerals after recent changes to U.S. regulation aimed at cutting its dependence on China, an Australian government report showed on Tuesday. U.S. President Donald Trump in July signed five memoranda authorising U.S. Department of Defense funding to be directed to resources or technology "essential to the national defense" in a move aimed at shoring up domestic supplies.

Oct 01 - Lithium Americas boosts budget, production target for Argentina project
Lithium Americas Corp on Monday boosted its budget and production forecast for Argentina's Cauchari-Olaroz lithium brine project, a bullish move linked to the electric vehicle revolution, sending its shares up more than 4 percent in after-hours trading. The move is a tacit bet by the company and partner Ganfeng Lithium Co Ltd that a projected surge in long-term demand for the white metal will overcome any short-term concerns about Argentina's economy. Embattled President Maurio Macri has initiated capital controls to protect the peso currency and is expected by many to lose re-election next month. 

Oct 01 - Chile lithium, copper output up in August, manufacturing falls
Chile's production of both copper and lithium jumped in August, even as the country's manufacturing production dropped 1.5 percent compared with the same monththe previous year, government data showed on Monday. The drop in manufacturing output was driven primarily by a year-on-year fall in the production of food products, the government statistics agency INE said.

Oct 01 - Thyssenkrupp appoints new CEO in bid to rebuild confidence
Martina Merz, chair of Thyssenkrupp's supervisory board, will take over as chief executive on Oct. 1, the group said on Monday, hoping to end years of underperformance at the company and restore investor confidence. Merz's appointment, agreed on unanimously by the group's supervisory board, will be for a maximum of 12 months, the group said, adding the contract with current CEO Guido Kerkhoff was terminated by mutual agreement.

Oct 01 - Mexico's president asks parties to resolve conflict at Penasquito gold mine
Mexico's President Andres Manuel Lopez Obrador said on Monday that he has asked the parties involved in an ongoing conflict at the Penasquito gold mine in Mexico to do their part to help resolve their differences. "We're asking everyone to help reach an agreement," Lopez Obrador said at his daily press conference when asked about the situation at the open-pit mine located in northern Zacatecas state.

Oct 01 - Australian lithium miner Altura seeks to refinance loan, widens annual loss
Australian lithium miner Altura Mining is seeking to refinance a 179.1 million Australian dollar ($120.96 million) loan due next August, it said on Monday, as it posted a wider loss for the full year. It said there was "material uncertainty" as to whether the group would be able to continue as a going concern if it failed to meet sales and production forecasts and to refinance the loan facility by the due date.