South32 mothballs Mozal smelter after failing to secure affordable power
South32 had been in talks for six years about a power tariff which is due to expire in March 2026.
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Chinese firm keeps Canada’s only antimony mine idle
The Beaver Brook mine in Newfoundland and Labrador, owned by China Minmetals, is idled, raising supply concerns.
US launches $500M initiative to boost critical minerals processing
The funding opportunity seeks to support demonstration and commercial-scale facilities that process or recycle critical materials.
Bahrain’s Alba shuts 19% of aluminum capacity as Hormuz disruption continues
The closures are the latest impact on the Middle East aluminum sector, which accounts for around 9% of global supply.
Open-pit gold miners most exposed to high oil prices: Jefferies
"We view cost risk as more of a question of when rather than if,” Jefferies mining analysts led by Fahad Tariq said.
Hindalco halts production of extruded aluminum products due to Iran war
Hindalco’s suspension of extruded product sales comes as analysts and traders warn that the global aluminum market could face severe shortages.
JSW Steel wins rights to develop coking coal mine in Mozambique
The company’s Minas de Revuboe project in Mozambique’s Moatize coal basin holds about 850 million tons of reserves.
Investors prefer North America to Africa: Sprott chief
"There has been more demand for stable jurisdictions such as Canada and the US,” Sprott managing partner Maria Smirnova says.
S&P downgrades Botswana as diamond sector faces global headwinds
Botswana is the world's 2nd-largest producer of natural rough diamonds and the sector represented about 70% of exports and a third of government revenue.