Index

Indonesia has set a quota of around 200 million metric tons for nickel ore mining this year, a senior mining ministry official said on Friday, adding this could be cut if miners failed to comply with environmental and other rules.

Potential cuts to Indonesian nickel mine output could remove more than a third of global supply from the market, according to Macquarie Group Ltd., presenting a significant upside risk to prices.

Copper futures edged higher in London and New York as tentative signs of buying interest emerged following a string of losses sparked by growing worries about the strength of global demand.

Gold Rim Exploration Inc. has released the last of its drill results from the 2024 exploration campaign at its Corriente Belt project in Ecuador.

Mercuria Energy Group is teaming up with Zambia on a metals trading venture, the latest example of a commodity house partnering with a mineral-rich state to secure access to key resources.

In an effort to supercharge Australia’s critical mineral supply chain, the Clean Energy Finance Corporation (CEFC) is investing $75 million in mining-focused alternative investments firm Resource Capital Funds (RFC).

Heliostar Metals (TSXV: HSTR) has set out plans to restart the La Colorada gold mine in Sonora, Mexico, with work being undertaken in preparation for crushing and stacking to begin in January 2025.

Canada Nickel hits high grades at Bannockburn site south of main Crawford project

Rio Tinto Group contributed to widespread damage due to waste left at an abandoned copper mine in Bougainville, Papua New Guinea, and risks to local communities are ongoing, a report has found.

Norway has paused its controversial plans to mine the seabed in Arctic-reaching territorial waters after the Socialist Left Party (SV), a small left-wing environmentalist group, secured an agreement to delay the initiative in exchange for supporting the national budget.

Lithium Ionic (TSX: LTH) announced on Wednesday that it has secured preliminary approval for a $266 million loan guarantee from the Export-Import Bank of the United States (EXIM) to support its flagship Bandeira lithium project in Minas Gerais, Brazil.

Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA.