China funnelled $57 billion to control critical mineral supply chain A network of at least 26 state-backed banks has helped Beijing tighten its grip on critical minerals over the past two decades. Cecilia Jamasmie | January 29, 2025 | 4:12 am
GRAPH: Mining vs AI vs Deepseek Cheap and cheerful Chinese AI does little to unskew relative valuation of one chipmaker against the entire mining industry. Frik Els | January 28, 2025 | 6:10 pm
Wabtec wins $248 million locomotive order from Winning Consortium The order is to support their rail operations at the Simandou iron ore project in Guinea. Staff Writer | January 28, 2025 | 5:10 pm
EU to propose Russian aluminum ban in sweeping sanctions package The sanctions package would allow European buyers to import Russian metal under a quota system for a one-year period. Bloomberg News | January 28, 2025 | 4:40 pm
Vale posts highest annual iron ore output since 2018 despite fourth-quarter slide Vale reported an output of 85.3 million metric tons in the three months ended in December. Reuters | January 28, 2025 | 3:06 pm
Sandvik electrifies entire intelligent rotary blasthole drill range The company’s latest initiative to offer customers solutions that support the mining industry’s sustainability shift. Sandvik | January 28, 2025 | 1:57 pm
Liberia anticipates new minerals discovery will draw $3 billion Studies conducted over five decades and funded by the Chinese show the iron ore exporter also has uranium, lithium, cobalt, manganese and neodymium deposits. Bloomberg News | January 28, 2025 | 12:09 pm
USA Rare Earth produces dysprosium oxide at Texas Round Top deposit The company said this marks a breakthrough in domestic rare earth production. Staff Writer | January 28, 2025 | 12:02 pm
Montero Mining settles with Tanzania for $27 million The company previously submitted a claim for C$90 million with the International Centre for Settlement of Investment Disputes. Staff Writer | January 28, 2025 | 11:27 am