Base & Precious Metals News

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.

Sep 30 - U.S.-funded clean minerals project raises concerns in Congo
Democratic Republic of Congo plans to look into potential conflicts of interest in a U.S.-funded project to certify mines that produce minerals such as gold and tin responsibly, a Congolese official told Reuters. The United States Agency for International Development (USAID) is using non-governmental organisation Pact to help the Congolese government identify which sites are free of human rights abuses, such as child labour, and don't fund conflicts.

Sep 30 - Gold may keep Australia the "lucky country" if commodity exports stumble: Russell
Is Australia the ultimate commodity hedge? When looking at the country's natural resources the focus tends to be as its status as the world's biggest exporter of iron ore and liquefied natural gas (LNG), and its competition with Indonesia as the top shipper of coal.

Sep 30 - Overrun by militia, Canadian miner Banro suspends Congo gold operations
Canadian gold miner Banro Corporation has suspended operations at several of its sites in Democratic Republic of Congo because the company can no longer ensure their security from armed rebels, its chief executive said on Friday. Banro's mines have been repeatedly attacked by Mai Mai militiamen in eastern Congo. In the latest major incident, four Banro employees were kidnapped in July and held for several weeks before being released.

Sep 30 - Australian zinc explorer Heron Resources gets waiver on debt facility
Australia's Heron Resources Ltd said on Monday it received an extension to waivers regarding a loan facility, giving the cash-strapped zinc explorer more time to come up with a funding plan. A cash crunch due to a 7 month delay in the completion of construction at the company's zinc and copper-bearing Woodlawn mine in New South Wales prompted Heron Resources to enter a standstill agreement with its lender in August.

Sep 30 - Japan Q4 aluminium premiums fall amid ample supplies and soft demand
Premiums for aluminium shipments to Japan for October to December were set at $97 per tonne, down 10% from the previous quarter amid ample supplies in Asia and softening demand from the electronics and auto industries, three sources directly involved in the pricing talks said. The figure is lower than the $108 per tonne paid in the July-September quarter and marks a first quarterly drop in three. It is also lower than the initial offers of $105-$115 made by producers. 

Sep 30 - Chile court sends $2.5 bln Dominga copper project for environmental review
The $2.5 billion Dominga copper mining project in Chile will have to be reviewed again by an environmental tribune, the Supreme Court ruled on Thursday, to consider demands made by environmental groups and claims by parent company Andes Iron. The copper concentrate and iron mining project would be located about 500 kilometers north of Chilean capital Santiago, near ecological reserves. Critics say its proximity to environmentally sensitive areas would cause ecological damage, a claim that privately held Andes Iron dismisses.

Sep 27 - Nine countries join U.S. strategic minerals initiative
The United States on Thursday said nine countries have joined its initiative to help discover and develop reserves of minerals used to make electric vehicles, part of an effort to cut the world's reliance on China for the high-tech materials. Secretary of State Mike Pompeo on Thursday met with foreign ministers from the nine countries on the sidelines of the United Nations General Assembly in New York.

Sep 27 - In Michigan steel towns, tariffs meant to revive industry cost jobs
Some steelworkers who cheered U.S. President Donald Trump's tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp reacts to sagging demand from automakers reeling from higher steel prices. Steel prices rallied following the tariffs imposed in March, 2018, feeding optimism in U.S. steel towns. But higher prices later hurt demand from automakers already squeezed by slowing demand for traditional gasoline-powered sedans.

Sep 27 - Chile court sends $2.5 bln Dominga copper project for environmental review
The $2.5 billion Dominga copper mining project in Chile will have to be reviewed again by an environmental tribune, the Supreme Court ruled on Thursday, to consider demands made by environmental groups and claims by parent company Andes Iron. The copper concentrate and iron mining project would be located about 500 kilometers north of Chilean capital Santiago, near ecological reserves. Critics say its proximity to environmentally sensitive areas would cause ecological damage, a claim that privately held Andes Iron dismisses.

Sep 27 - Rio Tinto sees rosy future for diamonds despite end of Argyle
Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said. Demand and prices for the wider market have fallen as concerns mount about the world economy, and laboratory-grown gems have added to supply.

Sep 27 - About 30 killed in landslide at Chad gold mine
A landslide at an illegal gold mine in Chad has killed about 30 people, a government minister said on Thursday. The mine in the Tibesti region near the Libyan border collapsed early on Tuesday and more victims might still be buried in the rubble, defence minister Mahamat Sala told Reuters.

Sep 27 - China's August net gold imports bounce from 8-year low
China's net monthly gold imports via Hong Kong in August surged nearly 61%, after falling to their lowest in more than eight years in July, the Hong Kong Census and Statistics Department data showed on Thursday. Net imports via Hong Kong to China, the world's top consumer of the metal, increased to 12.997 tonnes last month from 8.085 tonnes in July, the data showed.

Sep 26 - China's steel sector faces rising illegal new capacity risks
World's top steel maker China is facing increasing illegal new capacity risks, a Ministry of Industry and Information Technology official said on Thursday. The ministry is currently conducting audits to curb outdated capacity and resolve the problems of overcapacity in China, Xing Tao, deputy director of the ministry's raw materials department, said at an industry conference.

Sep 26 - Brazil's Vale to launch new iron ore product in Q1 2020
Brazilian iron ore miner Vale SA said on Thursday it will start supplying a new iron ore product 'GF88', hematite or ground fines used for pelletizing, in the first quarter of 2020. Vale, the top global pellets and pellet feed producer, expects the pellet ratio in China's blast furnaces to increase to 19% in 2025 from 14% in 2018, or by about 50 million tonnes, Marcello Spinelli, its executive director-ferrous minerals, told an industry conference.

Sep 26 - Key China alumina city imposes 50% output cut on smog alert
The Chinese city of Luliang has imposed a temporary 50% production cut on alumina refineries, according to a document on a local government-backed website that was verified by a city environmental official. The curbs are in place from Sept. 25 to midnight on Oct. 2 due to an orange pollution alert, the second-highest in China's four-tier warning system, according to the document issued by the Luliang city government.

Sep 26 - Sibanye plans to cut over 5,000 jobs in Marikana restructuring
South African miner Sibanye-Stillwater said on Wednesday it planned to cut around 5,270 jobs, or about 6% of its workforce, as it restructures its loss-making Marikana operations that it acquired this year. Sibanye said the restructuring was aimed at returning the mine to profit and protecting its remaining shafts, driving its share price up 6% to 21.28 rand.

Sep 26 - ArcelorMittal South Africa may close some sites as it battles weak economy
ArcelorMittal's South Africa unit said on Wednesday it may close some operations pending a review as it looks to strengthen its long-term sustainability and battle cheap imports, rising costs and a flagging local economy. The company, majority-owned by ArcelorMittal, said its review would exclude its coke operations and the Highveld Structural Mill but would include some of its major operating sites, individual plants and production areas.

Sep 26 - Rio signs deal with China partners to cut carbon in steelmaking
The world's top iron ore miner Rio Tinto Ltd has signed a preliminary deal with two Chinese partners to develop new ways to cut carbon emissions along the steelmaking supply chain, it said in a statement on Wednesday. The collaboration between Rio Tinto and China's largest steel producer, China Baowu Steel Group, and Tsinghua University aims to address the steel industry's carbon footprint and improve its environmental performance, Rio's chief executive told a steel conference on Wednesday in Qingdao, China, according to the statement.

Sep 26 - Lithium Americas trims production target, budget for Nevada mine
Lithium Americas Corp has cut its budget and production target for a proposed Nevada mine amidst growing concern of a global supply glut for the white metal, a key ingredient used to make electric vehicle batteries. The announcement on Wednesday from the British Columbia-based company comes as lithium prices plummet in China, the world's largest consumer of the metal, due to fears of supply exceeding demand, even as Rivian Automotive LLC, Volkswagen AG and other automakers launch ambitious EV plans.

Sep 25 - Thyssenkrupp CEO Kerkhoff to leave, chairwoman Merz to take over
Thyssenkrupp said on Tuesday it will start talks soon to end the contract of current Chief Executive Guido Kerkhoff, whose brief tenure at the submarines-to-car-parts group included four profit warnings and two failed restructuring efforts. The move is the latest sign of turmoil at the steel-to-elevators conglomerate, which is trying to restructure itself by selling or listing all or parts of its elevator unit, by far its most profitable business.

Sep 25 - China's stainless steel futures make lacklustre market debut
Chinese stainless steel futures fell by 2% in their first session of trading on Wednesday, after U.S. President Donald Trump's stinging rebuke of China fanned demand concerns amid a bruising trade war between the world's two biggest economies. The front-month February 2020 stainless steel contract fell to a low of 15,280 yuan shortly after it opened 10 yuan lower at 15,575 yuan ($2,190.88) a tonne on the Shanghai Futures Exchange (ShFE). It was down 0.1% at 15,575 yuan by 0233 GMT.

Sep 25 - China's Aug rare earth magnets exports to U.S. hit highest since at least 2016
China's exports of rare earth magnets to the United States in August rose to the highest level since at least 2016, customs data showed on Wednesday, pointing to further stockpiling as concerns linger that Beijing could restrict supply in the Sino-U.S. trade war. Shipments to the United States rose 1.2% from a month earlier to 452,473 kg, or around 452 tonnes, according to data from the General Administration of Customs.

Sep 25 - Tianqi Lithium in supply deal with Sweden's Northvolt
China's Tianqi Lithium Corp, one of the world's biggest lithium producers, said on Tuesday that its Australian unit had signed a long-term supply agreement with Swedish battery maker Northvolt. Tianqi Lithium Kwinana, which recently launched a processing plant in Western Australia, will supply lithium hydroxide, a chemical used in electric vehicle (EV) batteries, to Northvolt Ett from 2020-25, Tianqi said in a filing to the Shenzhen Stock Exchange.

Sep 25 - Indian rare earth miner V.V. Mineral targets African assets after local ban
India's V.V. Mineral, a beach sand miner hit by a domestic law which effectively banned private companies from extracting rare earth deposits, has applied for licenses to start operations in Kenya and Tanzania, the company's chairman said on Tuesday. V.V. Mineral was India's largest exporter of rare earth minerals such as garnet, ilumenite and rutile over the last decade, but it started facing regulatory and legal trouble in 2013, which culminated in a blanket ban this year on beach sand mining by private companies.

Sep 25 - China issues import quotas for 31,658 T of copper scrap
China has issued a fourth batch of quotas for imports of recently restricted types of scrap metal, including another 31,658 tonnes of high-grade copper scrap, as the world's top metals consumer continues to curb inbound scrap shipments. The quotas are being closely tracked by traders amid concerns that China, which tightened restrictions on scrap metal imports from July 1, is leaving itself short of a key source of supply.

Sep 24 - Australian mining lobby launches ad blitz urging reforms after coal projects blocked
An influential lobby group for Australia's multi-billion dollar coal mining industry has launched an advertising blitz to rally public support for an overhaul of state planning laws after a commission blocked new projects citing climate change concerns. Funded by the mining industry including global giant BHP Group, the New South Wales Minerals Council said on Tuesday it would draw on a multi-million dollar "fighting fund" in promoting the campaign "to protect NSW jobs and the economy".

Sep 24 - Aluminium maker Norsk Hydro aims to cut costs again
Norsk Hydro, one of the world's largest aluminium producers, aims to get its cost-cutting efforts back on track after major operational setbacks in the last year-and-a-half, its chief executive said on Tuesday. The company's new goal is to boost earnings by 6.4 billion crowns ($707.56 million) over the next five years, said Hilde Merete Aasheim, who took the helm at Norway's Hydro in May.

Sep 24 - Chile's Codelco issues $2 bln in bonds amid mine overhaul plan
Chile's state copper miner Codelco issued $2 billion worth of bonds on Monday, while offering to buy back short-term notes, as it seeks to smooth financing of a major overhaul of its aging mines. The 10 and 30-year dollar-denominated bonds were issued in New York with yields of 3.02% and 3.71%, respectively, the company said in a statement.

Sep 24 - First Quantum Minerals in talks to sell Zambia stake to Jiangxi Copper
Canada's First Quantum Minerals Ltd on Monday confirmed it was in talks with China-based Jiangxi Copper Co Ltd for a potential sale of a minority interest in its Zambian copper assets. The company, however, said it had no knowledge of any potential takeover bids. The shares were down about 12% in afternoon trading.

Sep 24 - Australia's Arafura Resources signs rare-earth deal with Chinese magnets maker
Rare earths producer Arafura Resources Ltd said on Tuesday it has signed an agreement with Chinese permanent magnets manufacturer Baotou Tianhe Magnetics Technology Co Ltd for supplying rare earth products. Under the memorandum of understanding, Arafura will be supplying Baotou up to 900 tonnes per annum of Neodymium-Praseodymium (NdPr) oxide - used in industrial magnets - from its Nolans project in Northern Territory, Australia, subject to a final off-take agreement.

Sep 24 - Miners push for U.S. Congress to vote on electric vehicle supply chain bills
Mining executives eager to speed U.S. production of lithium and other metals for the burgeoning electric vehicle industry are frustrated that the U.S. Congress has yet to pass legislation designed to streamline mine permitting and fund geological studies, among other steps. Earlier this year, Washington's trade war with Beijing threatened to curb Chinese shipments to the United States of rare earth minerals used in defense equipment. China is also the world's largest electric vehicle battery producer, processor of lithium and consumer of copper.

Sep 23 - China traders cut back Iran iron ore purchases ahead of tariff hike
China has taken fewer shipments of iron ore from Iran over August and September, according to Refinitiv Eikon data, as additional export tariffs due to be imposed by Tehran have dampened risk appetites in the world's biggest steelmaker. Iran's deputy minister of industries said earlier this month that exports of all steelmaking raw materials will be slapped with a 25% tariff to meet demand in domestic steel industry, according to Iranian state-backed media Press TV on Sept. 9.

Sep 23 - BHP expects to meet iron ore commitments despite Jimblebar maintenance
BHP Group said on Monday it expects to meet all customer commitments on iron ore shipments, despite maintenance at its Jimblebar and Newman mines in Western Australia. "There has been a minor impact to production at Newman and Jimblebar due to maintenance, however this is not expected to impact outflow from Port Hedland," the company said in emailed comments.

Sep 23 - China's Hebei province orders industries to step up smog controls
Major steelmaking districts in China's Hebei province plan to slash output in the last week of September to improve air quality ahead of National Day celebrations next week, documents reviewed by Reuters show. The output curbs coincide with the celebrations of the 70th anniversary of the founding of the People's Republic of China in Beijing. Industrial firms in the province of Hebei, which surrounds the capital, are under pressure to try to prevent emissions from drifting across the city as ceremonies get underway.

Sep 23 - Japan's Pan Pacific sees global copper shortage shrinking in 2020
Pan Pacific Copper (PPC), Japan's top copper smelter, expects a global shortage in copper to be less acute next year as top consumer China's output increases and its demand growth softens amid the prolonged U.S.-Sino trade row, a company official said. PPC, which is also a miner and is controlled by JXTG Holdings, projects the global consumption and supply of refined copper to climb by 1.5% and 1.7% respectively in 2020 compared with this year, Naoki Kojima, PPC's general manager for marketing, told Reuters on Friday.

Sep 23 - Brazil police accuse Vale and TÜV SÜD of fraud before dam burst - document
Brazilian federal police proposed criminal charges against Vale SA, auditor TÜV SÜD and 13 of their employees, alleging fraud in relation to a deadly dam collapse in January, according to a document seen by Reuters on Friday. Federal police accused the companies of working with falsified documents attesting to the stability of the dam in Brumadinho, in the southeastern state of Minas Gerais, a source with knowledge of the matter said.

Sep 23 - Metals tycoon Gupta injects $150 mln into Australian steel unit
British commodities tycoon Sanjeev Gupta has injected $150 million into his Australian steel manufacturing business Infrabuild, after plans to list it in the country were put on hold and a debt raising failed to elicit support from investors. Infrabuild said it was also raising $325 million through the sale of secured bonds with an unusually high coupon of 12%. This, according to Moody's Investor Service, marks a drop from a previous plan to raise $475 million debt via bonds.

Sep 23 - Shanghai nickel surge morphs into London squeeze: Andy Home
There's only so much bullish news even the red-hot nickel market can absorb. London nickel leapt to a five-year high of $18,850 per tonne this month as Indonesia confirmed it would bring forward to next year a ban on exporting nickel ore. 

Sep 23 - Leader of militant South African mining union re-elected
South Africa's Association of Mineworkers and Construction Union (AMCU) on Friday re-elected as its president Joseph Mathunjwa, known for his uncompromising stance in bruising strikes on the platinum belt. Mathunjwa, who was elected uncontested at the union's first elective conference since 2013, has been at the helm of AMCU since it was officially registered in 2002.

Sep 20 - U.S., Australia to unveil plan to improve rare earth mineral supply 
U.S. President Donald Trump and Australian Prime Minister Scott Morrison are set to release a plan on Friday aimed at securing the supply of rare earth minerals, a senior administration official said, as concerns grow that China could cut off shipments of the prized commodities. The plan will be unveiled during a state visit by Morrison to the White House, where space cooperation and plastic waste management will also be discussed, the official said on Thursday.

Sep 20 - Shanghai nickel surge morphs into London squeeze: Andy Home
There's only so much bullish news even the red-hot nickel market can absorb. London nickel leapt to a five-year high of $18,850 per tonne this month as Indonesia confirmed it would bring forward to next year a ban on exporting nickel ore. That will cut off the major source of feed for China's nickel pig iron (NPI) producers.

Sep 20 - Metals tycoon Gupta injects $150 mln into Australian steel unit 
British commodities tycoon Sanjeev Gupta has injected $150 million into his Australian steel manufacturing business Infrabuild, after plans to list it in the country were put on hold and a debt raising failed to elicit support from investors. Infrabuild said it was also raising $325 million through the sale of secured bonds with an unusually high coupon of 12%. This, according to Moody's Investor Service, marks a drop from a previous plan to raise $475 million debt via bonds.

Sep 20 - Global nickel market deficit widens in July to 6,700 T - INSG 
The global nickel market deficit widened to 6,700 tonnes in July from a revised shortfall of 2,700 tonnes in the previous month, the International Nickel Study Group (INSG) said on Thursday. In the first seven months of the year, there was a global deficit of 48,200 tonnes compared to a deficit of 100,900 tonnes in the same period of 2018, Lisbon-based INSG added.

Sep 20 - Copper miner First Quantum Minerals draws takeover interest - Bloomberg 
Canadian copper miner First Quantum Minerals Ltd is drawing preliminary takeover interest from global miners after losing half its value over the past five years, Bloomberg reported on Thursday. The company, which is the owner of Africa's biggest copper mine, is working with defense advisers to examine options, the report said, citing people with knowledge of the matter, although no formal offers had been received yet.

Sep 20 - Peru's copper output to surge 27% by 2022 
Peru expects its copper production to grow 27% and gold output to expand 12% in the next three years by 2022, the country's energy and mines minister said on Thursday. Peru is the world's No.2 copper producer and sixth-largest gold producer.

Sep 19 - London Metal Exchange to delay ban on tainted metal until 2025 - sources
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said. Under the initial plan announced in April, the exchange had set 2022 as the deadline to bar metal from the LME's lists of approved brands whose extraction involved abuses such as child labour or which was tainted by corruption.

Sep 19 - Higher costs choke prospective new copper supply
Significantly lower prices of copper and its byproduct cobalt have driven an increase in the number of producers making losses, which is expected to deter them from investing in new capacity. The prolonged trade conflict between the United states and China has weakened economic growth and demand prospects for industrial metals including copper, widely used in the power and construction industries.

Sep 19 - Newmont Goldcorp offered $25 mln in social projects to end mine conflict
The world's top gold producer, Newmont Goldcorp, said on Wednesday it had offered $25 million in community investments and land rental fees to resolve a conflict at its Penasquito gold mine in Mexico, but activists said they are unsatisfied. Operations at the open-pit mine located in northern Zacatecas state, which produced 272,000 ounces of gold last year, have been suspended since last weekend because of a blockade by protesters. 

Sep 19 - China Gold sees Canada's Iamgold as good fit - executive
Canadian miner Iamgold Corp would fit well with China Gold International Resource Corp Ltd's acquisition strategy as the Chinese state-run company seeks to buy producing gold mines, an executive with the overseas arm of China National Gold Group said on Wednesday. China Gold is aggressively looking to add to its project pipeline, and Iamgold would be a good fit, Jerry Xie, executive vice president, told Reuters on the sidelines of the Denver Gold Forum.

Sep 19 - Zinc market moves into deficit in July - ILZSG 
The global zinc market swung into a 4,200 tonne deficit in July from an revised surplus of 13,800 tonnes in June, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first seven months of the year, the global deficit fell to 106,000 tonnes from 170,000 tonnes in the same period last year. All numbers in thousands of tonnes.

Sep 19 - Apple taps recycled rare earth elements for iPhone parts
Apple Inc's new iPhones will use recycled rare earth elements in a key component, the company said on Wednesday. Apple said it will use recycled rare earths in its "Taptic Engine," a part that lets iPhones mimic a physical button click despite being a flat pane of glass. The part is about one-quarter of the rare earth elements inside the iPhone models.

Sep 19 - Ecuador court denies requests for popular approval of mining projects
Ecuador's constitutional court rejected two requests to make mining projects contingent on popular approval, a victory for companies seeking to exploit some of the world's largest untapped reserves of copper. The prefect of southern Azuay province, home to several mining projects including Canadian firm INV Metals' Loma Larga, had in July requested that the court make development of large-scale mining subject to a popular referendum, expressing concern about environmental impact.

Sep 18 - Vale misled public on dangerous dams, prompting Brazil probe - source 
Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows. Fabio Schvartsman, Vale's then-chief executive, said at a nationally broadcast news conference days after the dam burst in late January that the company had already decommissioned nine "upstream dams" in the wake of a 2015 disaster involving the same type of structure, and planned to dismantle 10 more over the next few years. The company repeated the claim in a statement on its website.

Sep 18 - Chile taps China, Japan in lithium-for-tech push, faces tough sell 
Chile is making a renewed push for battery technology investment in return for access to its lithium deposits, piquing interest from China, Japan and Europe as global firms look to tie up supply of the metal vital for the shift to electric vehicles. The South American country, the world's No. 2 lithium producer, has held global road shows ahead of a second lithium-for-investment tender, according to officials and Chilean government documents seen by Reuters.

Sep 18 - Steel and base metals express divergent views on China: Andy Home 
Industrial metals have fallen into two very distinct camps over the course of 2019. In the one corner is the ferrous complex. The Shanghai Futures Exchange's (ShFE) steel rebar and hot-rolled coil contracts are both showing year-to-date gains of over 21%.

Sep 18 - Australian lithium recovery seen by mid-2020 as EV production revs up 
Strong demand from the electric-vehicle sector alongside supply cuts should help Australian lithium miners recover towards the middle of next year, earlier than expected, industry executives said on Wednesday. Australian producers of spodumene, a type of concentrated lithium ore that accounts for about half of global lithium supply, have suffered this year after a flood of production sent prices tumbling by more than 20%.

Sep 18 - Barrick CEO Bristow says Nevada gold find shows big potential 
A fresh gold discovery by Barrick Gold Corp in Nevada is "fantastically significant" and shows there still is rich potential in the region for exploration, Chief Executive Officer Mark Bristow said in an interview on Tuesday. Barrick announced the discovery hole on Tuesday and said its proximity about 1.25-mile (2 kilometers) from the company's Fourmile project points to at least one more Tier 1 gold mine through the combination of Fourmile with the nearby Goldrush development project.

Sep 18 - U.S. 'falling behind' in global race to develop electric vehicle supply chain 
The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday. The push comes as China has grown to dominate the market for lithium, rare earths, cobalt and other so-called strategic minerals used to make a plethora of consumer products, a dominance that politicians have said poses a strategic threat to the United States. 

Sep 18 - Severstal to tap Russian demand for stainless steel with U.S. investment 
Severstal, Russia's third-largest steelmaker, has invested in Arcanum Alloys, a Michigan-headquartered company that develops new steel-based alloys, to obtain technology which will allow it to tap Russian demand for stainless steel. Russia exports some steel products but has to rely on imports of stainless steel to cover the bulk of its domestic needs of about 370,000 tonnes worth about $700 million a year.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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