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The Latest Breaking News from Mining

Saudi Arabia's Ma'aden Forms JV to Invest in Mining Assets Abroad

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, said on Wednesday it agreed to form a joint venture with the Kingdom's sovereign wealth fund to invest in mining assets globally. Ma'aden will own 51% in the venture while the Public Investment Fund (PIF) will own 49%, the company said…

Asharq Al-Awsat

Ukraine says troops hold out in corpse-strewn battlefield of Soledar

Ukraine said on Thursday its troops were holding out despite heavy fighting on a battlefield littered with bodies in a salt mining town in eastern Ukraine, where Russian mercenaries have claimed Moscow's first significant gain in half a year.

Reuters

Russia's Wagner says it controls Ukrainian town of Soledar, fighting continues

The head of Russia's private military firm Wagner on Tuesday said his forces had taken control of the eastern Ukrainian mining town of Soledar but that fighting continued, Russian news agencies reported.

Reuters

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Canadian mining giant says nearing deal on huge Panama pit

Montreal (AFP) - The Canadian mining giant First Quantum Minerals said Tuesday it is close to an agreement with Panama to avert the closure of Central America's largest copper mine.

AFP

Russian mercenaries from the Wagner group owned by a key Putin ally are stoking influence in resource-rich Central African Republic

While Vladimir Putin desperately rallies support for his war in Ukraine, a network of paramilitary mercenaries known as the Wagner Group is shoring up his power in resource-rich central Africa, more than 5,000 kilometres away.

ABC News

Peru's mining south, rocked by violence, braces for 'endless battle'

In Peru's south, a mining region that has been roiled by deadly protests over the ouster of former leftist President Pedro Castillo, protest leaders say they are ready for an "endless battle" against the government, threatening to destabilize the deeply divided Andean nation.

Reuters

Russia strikes Kharkiv just hours after German FM pays surprise visit

Russian strikes hit the eastern Ukrainian city of Kharkiv late Tuesday, the regional governor said, just hours after a surprise visit by the German foreign minister together with her Ukrainian counterpart. Read our live blog to see how all the day's events unfolded. All times are Paris time (GMT+1).

France 24

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Egypt to Benefit from Mining in the Golden Triangle

Egyptian Minister of Petroleum Tarek El-Molla has said that the development of the Golden Triangle region requires the participation of all sectors to attract foreign and domestic investments. The Golden Triangle project is one of the major mining projects intended to be established between Qena, Safaga, and al-Qusayr.

Asharq Al-Awsat

'Land covered in corpses' as Russia strives for first big Ukraine gains in months

Ukraine said on Tuesday its forces were still holding onto positions in the eastern mining town of Soledar, withstanding assaults by wave after wave of Russian soldiers and mercenaries seeking Moscow's first battlefield victory for months.

Reuters

In polar night, Norway-Russia kids event lights up Christmas

The children’s choir from the Lutheran church in the Arctic archipelago of Svalbard traveled three hours each way by boat to mark Orthodox Christmas with the 40 children in Barentsburg, a village owned by Russia’s Arctic mining company in the remote Norwegian territory

The Independent UK

Defamed mining investor awarded $275k

A New Zealand-based social media user calling himself the Stock Swami has been ordered to pay a mining investor at least $275,000 after defaming him on Twitter.

AAP

Black days ahead if coal city does not change

Unsafe and disaster-prone, extractive towns are still attractive to migrant workers.

360info

Riyadh to Host Int’l Conference on Future of Strategic Minerals

Saudi Arabia will host on Tuesday a round-table meeting of ministers concerned with mining affairs, to discuss the means to build a conscious global mineral sector that meets the increasing demand for strategic minerals. Sixty countries, represented by 40 ministers and 18 high-level officials, will participate in the meeting, along…

Asharq Al-Awsat

Climate change action could set off a copper mining boom: how Zambia can make the most of it

At last year’s US Africa leaders summit in Washington the US signed an historic memorandum of understanding with Zambia and the Democratic Republic of Congo to develop an electric vehicle battery supply chain.

The Conversation

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AAP

Aussie experts head to Saudi mining forum

An Aussie contingent has top billing in Saudi Arabia as the oil state looks beyond "black gold" to critical minerals needed for a cleaner world economy.

ABC News

As the world moves to a low carbon economy, has diesel fuel run its course?

New technology to replace diesel fuel could transform the freight industry and a lot of the machinery used in agriculture and mining. So what does that look like on the ground?

Foreign Affairs

The Missing Minerals

To shift to clean energy, America must rethink supply chains.

Asharq Al-Awsat

Al-Mudaifer: Saudi Arabia Attracting Foreign Investment to Explore Critical Minerals in the Region

Saudi Arabia is exerting efforts to drive foreign investments into the Kingdom and surrounding region for the purpose of exploring strategic and vital minerals used in renewable energy, Khalid Al-Mudaifer, Saudi vice minister for mining affairs, told Asharq Al-Awsat. According to Al-Mudaifer, international reports confirm the world’s need for these…

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The New Daily

More than a board game – the painful hidden cost of monopolies

Monopolies don’t just dominate mining and banking – they loom large in sectors you might not initially think of, such as baby food and beer.

Reuters

Afghanistan's Taliban administration in oil extraction deal with Chinese company

Afghanistan's Taliban-led administration is to sign a contract with a Chinese company to extract oil from the Amu Darya basin in the country's north, the acting mining minister said on Thursday.

Investors Business Daily

Tesla Locks Battery Material Supply; This Lithium Stock To Benefit

Tesla amended its supply agreement with Piedmont Lithium, securing the EV giant's lithium deliveries through 2025. PLL stock spiked premarket.

WEKU

In Afghanistan, coal mining relies on the labor of children

Since the return of the Taliban, Afghanistan's coal exports have increased — and so has child labor. At a coal mine in Baghlan province, boys earn between $3 and $8 for a day's work.

Asharq Al-Awsat

Saudi Arabia Seeks to Attract $32 Billion Investments in Minerals Sector

Saudi Arabia can play a global role in providing the strategic minerals necessary for the transition to renewable energy, and achieving the goals of net zero emissions, said a report by the Payne Institute for Public Policy, affiliated with the Colorado School of Mines. The report was published by the…

Caixin Global

Senior Provincial Official Pleads Guilty to Graft and Flouting Crypto Ban

Xiao Yi, a former political advisor and party chief in Jiangxi, received more than $18 million worth of bribes

Asharq Al-Awsat

Saudi Private Sector Operating Revenues Exceed $1 Trillion

Official statistics revealed that the operating revenues of the business sector in Saudi Arabia in 2022 exceeded 4 trillion riyals ($1 trillion). Data published by the General Authority for Statistics (GASTAT) on Wednesday highlighted the recovery of the business sector from the impact of the Covid-19 pandemic. Features of the…

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