Today’s Top News
Today’s Top News
Key mining news, market moves and developments from Australia, Canada, the US, UK and across the globe.
Published 2 Nov 2026 · 21 storiesClear filter
Monday 2 November 2026
- Cochilco Cuts Chile's Copper-Production OutlookCochilco expects 2026 Chilean copper production to fall 8.4% to 4.94 million tonnes, down from its August forecast of 5.27 million tonnes. BHP's Escondida and Spence mines and Codelco's mines account for more than 77% of the net decline, and output must average about 434,000 tonnes a month in the fourth quarter to hit…
- Evion Expands Its Nevada Fluorspar Option FootprintEvion has entered a binding option to earn up to 75% of the 40-claim Blue Nose property in Nevada, about 1.2km northwest of its Carp Fluorspar Project, for US$1.5 million cash and 4 million shares over two years plus a US$30,000 due diligence payment. Blue Nose carries 63 historic reverse circulation holes (9,116m)…
- NewPeak Completes Phase 2 Drilling at Las OpeñasNewPeak has completed Phase 2 diamond drilling at its 100%-owned Las Opeñas Gold Project in San Juan Province, Argentina, with the main objectives met. The holes tested the westerly extension of the gold-dominant zone identified in Phase 1, targeting the interpreted higher-gold-grade core closer to the Belleza Breccia…
- Skylark Secures AUD 20 Million Placement CommitmentsSkylark Minerals has received firm commitments for a $20 million two-tranche placement at $0.24 a share, including about $5.1 million from PDI Gold, which will hold 9.9% on completion. Tranche 1 raises about $7.85 million with settlement on 6 November, and Tranche 2 raises about $12.15 million subject to shareholder…
- Abra's TurnaroundEndurance Mining delivered its fifth consecutive quarter of planned tonnes and grade at the Abra silver-lead mine in the June 2026 quarter, with a record-low TRIFR of 4.6. FY26 operating EBITDA was $77.7 million with free cash flow of $24.2 million, and the debt balance fell to US$114.6 million after a US$10.9 million…
- Sunrise Approves Syerston Scandium DevelopmentSunrise Energy Metals has approved a final investment decision on its Syerston Scandium Project in New South Wales, targeting first production in the second half of 2028. The US$322 million development will process 64,000 tonnes of ore a year to produce 60 tonnes a year of scandium oxide over a 32-year life. It is…
- Jacaranda Identifies High-Grade Copper Rock Chips at MotloutseJacaranda's maiden Motloutse programme in Botswana returned up to 2.0% Cu in selective rock chip assays, with 12 of 23 samples above 1% Cu and copper confirmed at all six historical pits sampled. Fieldwork also identified a new copper trend at Tlou, traced for about 50m, where 8 of 12 samples exceeded 1% Cu, and…
- Iron Ore Rises as China's Demand Slowdown Proves Milder Than FearedThe most-traded Dalian contract rose 0.59% to 679 yuan ($102.05) a tonne after falling 3.4% in September and 4.3% in October, as Chinese hot metal output slipped only 0.2% week on week to about 2.32 million tonnes. The Singapore benchmark December contract gained 0.61% to $91.3 a tonne. Expectations of a…
- Hancock Iron Ore Delivers 71.5 Million TonnesHancock Iron Ore shipped 71.5 million tonnes of Pilbara iron ore in FY2026, with 63.2Mt from Roy Hill and the remainder from Atlas Iron. Net profit was $1.8 billion against about $2 billion in the prior year, on revenue of $8.76 billion, up about $373 million. First ore from McPhee Creek was delivered in June, and…
- Cutifani Warns Slow Innovation Could Invite TakeoversFormer Anglo American CEO Mark Cutifani told the International Mining and Resources Conference in Sydney that mines are getting an average of 40 metres deeper each year while permitting can take up to 20 years. He warned that major players outside mining will start buying large miners if the industry fails to…
- Tech Rout Drives Gold to One-Year LowSpot gold fell 3.5% to US$3,880.97 an ounce on Friday, its lowest level since October 2025, as a slump in tech shares on AI spending concerns spilled into precious metals. Silver dropped 6.5% to US$49, breaking below US$50 for the first time in 11 months, while palladium slipped below US$1,000. A 7% to 9% weekly fall…
- Oyu Tolgoi Underground Operations Progressively Restarted After Safety ReviewsRio Tinto is progressively restarting underground operations at its Oyu Tolgoi copper mine in Mongolia after completing safety reviews. A seismic event on 29 October caused a localised rockfall in a temporary storage zone next to the production area, with no structural impact on the cave or its operating…
- Joint Statement: Canada and the European Union Building Together an Alliance for the FutureCanada and the EU launched the Canada-EU Alliance for the Future at their 21st Summit in Montréal on 30 October. Canada and the European Investment Bank concluded negotiations on an agreement to facilitate European investment in Canadian critical raw materials. Leaders also committed to explore stockpiling of critical…
- Cameco Reports Third Quarter Results, Declares Annual DividendCameco posted third-quarter net earnings of C$43 million and adjusted EBITDA of C$267 million, with results lower year on year on reduced Westinghouse equity earnings and an extended Key Lake mill maintenance outage. It narrowed 2026 production guidance to 19.5 million to 20.5 million pounds of U3O8, from up to 21.5…
- Fluor Corp Among US Firms Vying for Kenya Critical Minerals Project, Minister SaysFluor Corp is part of the Meridian Mineral Holdings consortium bidding to develop Kenya's Mrima Hill critical minerals deposit, after two Chinese companies withdrew from the process. Five contenders lodged tenders on 21 October, including an Australian consortium of RareX and Iluka Resources. Kenya's mining minister…
- Buenaventura Announces Third Quarter and Nine-Month 2026 ResultsBuenaventura's third-quarter net income rose 50% year on year to US$268.4 million, with EBITDA from direct operations up 34% to US$261.2 million. Processing at San Gabriel was constrained for most of the quarter during tailings filtration reinforcement work, resuming in the final week of September. The company ended…
- Abenójar Tungsten Joins the Main Market of the London Stock ExchangeSpanish developer Abenójar Tungsten listed on the London Stock Exchange's Main Market on 30 October after raising €170 million in its IPO. Proceeds will fund its El Moto tungsten and gold project in Ciudad Real, where construction began in June 2026 and first production is targeted for the first quarter of 2029. El…
- Yancoal Confirms Glencore Coal Frameworks Through 2029Yancoal Australia has renewed its framework coal sales and purchase agreements with Glencore for three years from 1 January 2027, with confirmation from controlling shareholder Yankuang Energy received on 30 October. Annual caps on coal sales to Glencore are set at US$750 million for 2027, then US$500 million in 2028…
- Overproduction at Codelco: Parliamentarians Welcome Layoffs, but Say It's Only 'the Beginning'Codelco's board dismissed eight executives and professionals over irregularities in production reporting, following internal audits and reviews by KPMG and EY of 2024 and 2025 records. Those dismissed span the Chuquicamata, Ministro Hales and Salvador divisions and head office, including Salvador general manager…
- Government Rules Out Appealing Federal Court's Overturning of McPhillamys Mining BanEnvironment Minister Murray Watt confirmed the federal government will not appeal the Federal Court ruling that overturned the Section 10 heritage protection order over Regis Resources' McPhillamys Gold Project near Blayney, NSW. The government will instead redetermine the matter, with two new Aboriginal protection…
- India's October Coal-Fired Power Output Jumps Most in 3 Years as Hydro Generation SlumpsIndia's coal-fired generation rose 25.7% year on year in October, its fastest pace in three years, lifting coal's share of total output to 71.7% from 66.03% in September. Hydropower generation fell 26% on weaker rainfall linked to El Niño, the steepest drop since February 2024. At one point in the month, 100 of…
