mining

Congo plans first stock exchange to tap AI mineral boom

The Democratic Republic of Congo is developing plans for its first-ever stock exchange, seeking to channel growing global appetite for critical minerals tied to artificial intelligence infrastructure into broader investment in the Central African nation's economy.

Alcoa to buy South32’s aluminum assets for $4.1B

Alcoa announced on Tuesday a definitive agreement to acquire South32's bauxite, alumina, and aluminum operations in a deal valued at $4.1 billion in cash and stock, with an implied enterprise value of approximately $4.7 billion including net debt.

Gold miners fall as bullion slides toward $4,000

Shares of major gold mining companies declined Monday as spot gold extended its weeks-long retreat, falling toward the $4,000-per-ounce level amid growing expectations that the Federal Reserve will raise interest rates before year-end.

Lithium prices plunge as CATL nears restart of key mine

Lithium carbonate futures in China tumbled after the Jiangxi Provincial Department of Natural Resources confirmed that CATL Contemporary Amperex Technology Co., Limited had secured a renewed land use approval for its Jianxiawo lithium mine, one of the world's largest lithium…

Blast at explosives storage site kills dozens in Myanmar

An explosion at a building storing mining explosives in northeastern Myanmar killed at least 46 people on Sunday, including six children, with local media reporting death tolls as high as 55. About 70 others were injured in the blast, which…