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.
All news · 99 stories
Wednesday 4 November 2026
- Gold Mining Cost Inflation Hits a 13-Year HighGold industry all-in sustaining costs rose 22% year on year to a record US$1,930 an ounce in the second quarter, up 8% on the first quarter, according to the World Gold Council. The annual pace is the fastest since the first quarter of 2013, driven by higher energy and consumables costs and rapidly rising sustaining…
- BPM Hits High-Grade Gold at Bonnie & ClydeBPM Minerals' first two RC holes at the Clyde prospect, part of the 6 km Bonnie & Clyde soil anomaly at its Forelands project in Western Australia, returned downhole intercepts of 4m at 20.57 g/t gold from 39m including 1m at 73.33 g/t, and 8m at 9.23 g/t from 71m including 1m at 64.71 g/t, both in FLRC125. The other…
- ACG to Acquire 100% of Blue Moon NorwayACG Metals has agreed to buy Blue Moon Norway from Blue Moon Metals for US$220 million in shares, including a 94.52% interest in the construction-stage Nussir copper mine in northern Norway. Nussir targets first concentrate in H1 2028 and is expected to average about 18,400 tonnes of copper-equivalent a year over 2029…
- Strong Q3 Buying Pushes Y-T-D Central Bank Demand Ahead of 2025Central banks bought a net 321 tonnes of gold in Q3 2026, up 42% year on year and well above the five-year quarterly average of 227 tonnes. Year-to-date purchases reached 675 tonnes, 6% ahead of 2025. Reported buying was only 120 tonnes, led by China at 63 tonnes and Poland at 40 tonnes, leaving about 63% of demand…
- Simandou Offsets Iron-Ore Supply Cuts Elsewhere, Macquarie SaysMacquarie says the Simandou ramp-up in Guinea has single-handedly supported seaborne iron ore volumes as lower prices, high freight rates and diesel costs squeeze other producers. If October shipment rates hold, Simandou's 2026 exports could reach about 28 million tonnes. Iron ore has fallen about 24% from its May…
- JPMorgan Sees Potential for US Copper RevivalJPMorgan estimates the US could add up to 1.3 million tonnes of annual copper production through renewed investment, though most is unlikely before 2030. US mined output has halved over 30 years to about 1 million tonnes. The bank sees Rio Tinto and BHP's Resolution Copper in Arizona supplying about half the potential…
- China to Raise Forex Deposit Reserve Ratio to 6% Starting November 15The People's Bank of China will lift the foreign exchange deposit reserve ratio for financial institutions by 2 percentage points to 6% from 15 November, reversing its September 2023 cut. The PBOC framed the move as strengthening forex liquidity management, while Reuters reported it as aimed at slowing the yuan's…
- Congo Opens Mining Fraud Inquiry After Copper and Cobalt Seizures, Statement ShowsThe Democratic Republic of Congo has opened an investigation into suspected mining fraud after seizing more than 500 trucks and thousands of tonnes of copper and cobalt at several sites, notably Menda. A mission of police, military personnel, military magistrates and mines ministry experts made the seizures. Congo…
- Collective Mining Drills 154.30 m @ 12.66 g/t AuEq, Including 30.45 m @ 39.01 g/t AuEq, at Apollo's Ramp ZoneHole APC174-D4 returned 154.30 m @ 12.66 g/t AuEq (12.44 g/t Au) from 1,208 m below surface at the Ramp Zone of the Apollo deposit in Caldas, Colombia, including 30.45 m @ 39.01 g/t AuEq. It is the broadest high-grade intercept at Ramp to date and ended in mineralisation when the rig reached capacity. AuEq uses…
- MMG Extends Long-Stop Date for Anglo American Brazil Nickel Deal to Dec 31MMG has extended the long-stop date on its purchase of Anglo American's Brazilian nickel business to 31 December 2026. The European Commission has moved its review to Phase II, with completion due by 21 December. In October, MMG offered to guarantee ferronickel supply to European stainless steel producers.
