The Mining Insider

Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: First, Chile, where the strike at Antofagasta's Centinela copper mine has no deal. Reuters reports that talks on Thursday between Antofagasta Minerals and the two striking unions made no progress, and that three workers are on the seventh day of a hunger strike. The Distrito Centinela and Minera Esperanza unions represent more than 700 workers and began the strike on October 7, after contract talks collapsed.

Kenmare Cuts 2026 Guidance as Takeover Talks Continue: Next, Mozambique, where Kenmare Resources has cut its 2026 production and shipment guidance even as it posted a stronger third quarter. Alliance News reports Kenmare now expects ilmenite production of 710,000 to 750,000 tonnes, down from previous guidance of approximately 800,000 tonnes, citing ongoing commissioning challenges at Wet Concentrator Plant A. Shipments are now expected at approximately 1.05 million tonnes, below the earlier guidance of more than 1.1 million, because delays at other ports restricted vessel loading time at Moma.

Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: Meanwhile, the macro backdrop ran hotter again on Thursday. Kitco reports U.S. producer prices rose 1.3 percent in September, against a forecast of 0.6 percent. The Labor Department said, "The September increase is the largest advance since rising 1.7 percent in March 2022." Over 12 months, headline producer prices rose 6.3 percent, against an expected 5.3 percent. Core producer prices rose 0.7 percent, against a consensus of 0.3, and 5.0 percent over the year, against 4.4 expected.

Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: Next, iron ore, where the price slide has drawn comment from the top of Vale. Bloomberg reports Vale chief executive Gustavo Pimenta said iron ore prices should be "a little higher," as surging energy and freight costs make about 10 percent of global seaborne supply unprofitable. Iron ore futures in Singapore fell below 90 dollars a tonne this week, the first time in two years, and are down about 15 percent in 2026.

Zimbabwe Holds the Line on a January 2027 Lithium Concentrate Export Ban: Finally, Zimbabwe, where the clock is running on the lithium concentrate export ban. FurtherAfrica reports the ban is scheduled to take effect in January 2027. On October 9, Information Minister Nick Mangwana said there was no reason to delay it and rejected industry requests for a further extension.

Sources:

- Reuters via Mining.com.au — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://mining.com.au/no-breakthrough-in-union-talks-at-centinela-copper-mine/

- Shanghai Metals Market — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://news.metal.com/newscontent/104160263-chiles-centinela-mine-strike-continues-with-no-progress-workers-on-7-day-hunger-strike

- Shanghai Metals Market (November output) — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://news.metal.com/newscontent/104155269-centinela-strike-could-cut-november-copper-output-by-half-unions-say

- BNamericas — Centinela Talks Stall as Three Workers Reach Day Seven of a Hunger Strike: https://www.bnamericas.com/en/features/labor-disputes-involving-around-1700-workers-and-13-deaths-in-2026-put-pressure-on-mining-in-chile

- Alliance News via Morningstar — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://global.morningstar.com/en-gb/news/alliance-news/1792064524474775800/kenmare-cuts-annual-production-outlook-despite-stronger-third-quarter

- Kenmare Resources Q3 2026 Production Report — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://finance.yahoo.com/markets/commodities/articles/q3-2026-production-report-060000253.html

- Business Post — Kenmare Cuts 2026 Guidance as Takeover Talks Continue: https://www.businesspost.ie/markets/mining-firm-kenmare-resources-slashes-its-2026-output-estimate/

- Kitco News — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://www.kitco.com/news/article/2026-10-15/gold-holding-overnight-gains-above-4100-even-us-ppi-rises-63-september

- CNBC — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://www.cnbc.com/2026/10/15/gold-rebounds-from-one-week-low-as-dollar-slips.html

- Shanghai Metals Market (LME copper) — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://news.metal.com/newscontent/104160335-inventory-rebounds-while-demand-remains-weak-premiums-stay-high-after-contract-rollover-smm-copper-morning-meeting-minutes

- Trading Economics (Comex copper) — Producer Prices Jump 1.3% in September, and Gold Holds Above US$4,100: https://tradingeconomics.com/commodity/copper

- Bloomberg — Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: https://www.bloomberg.com/news/videos/2026-10-16/iron-ore-prices-should-be-higher-vale-ceo-says-video

- Rio Times — Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: https://www.riotimesonline.com/iron-ore-markets-latam-thursday-october-15-2026

- Perplexity Finance (RIO, BHP) — Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: https://www.perplexity.ai/finance/RIO

- Champion Iron preliminary results release — Iron Ore Slips Below US$90 as Vale's CEO Says Prices Should Be Higher: https://finance.yahoo.com/news/champion-iron-announces-fy2027-second-213400112.html

- FurtherAfrica — Zimbabwe Holds the Line on a January 2027 Lithium Concentrate Export Ban: https://furtherafrica.com/2026/10/13/zimbabwe-lithium-export-ban-locks-in-2027/

- Business Insider Africa — Zimbabwe Holds the Line on a January 2027 Lithium Concentrate Export Ban: https://africa.businessinsider.com/local/markets/zimbabwes-banned-critical-mineral-now-accounts-for-most-of-the-countrys-mineral/1nlsbtj

- Anglo American — Tomorrow's Flashpoint: https://www.angloamerican.com/investors/results-centre-and-presentations/quarterly-production-reporting

Escondida Supervisors Ratify a Three-Year Contract and the Strike Is Cancelled: First, Escondida, where the strike that markets had been pricing in has been cancelled. Shanghai Metals Market reports supervisors at the world's largest copper mine approved a new three-year contract with BHP on Wednesday, with about 64 percent of the vote. La Tercera reports the union's 1,020 members ratified the agreement and the negotiating committees signed it. Bloomberg's headline: "BHP Escondida Workers Approve Deal, Averting Copper Strike."

Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: Next, Antofagasta, which reported third-quarter production on Thursday. Copper output was 151,900 tonnes, up 7 percent from 142,000 tonnes in the second quarter, but about 2 percent below the company-compiled consensus of 155,000 tonnes, according to Alliance News. Output for the nine months is 436,900 tonnes, down 8.3 percent. Full-year guidance is held at 625,000 to 655,000 tonnes.

Hot U.S. Inflation Print Knocks Gold Below US$4,110 and Copper Lower: Meanwhile, the macro backdrop turned on Wednesday. Kitco reports U.S. consumer prices rose 3.7 percent in the 12 months to September, up from 3.4 percent in August and above the 3.6 percent economists expected. Core inflation rose to 2.6 percent, against an expected 2.5. Gasoline rose 9.1 percent in the month and accounted for more than half of the monthly headline increase.

China's September Customs Data: Iron Ore and Copper Concentrate Imports Fall: Next, China's September customs data, compiled by Shanghai Metals Market from the General Administration of Customs. Iron ore and concentrate imports were 109.82 million tonnes, down 5.6 percent from September 2025. For January through September, imports were 954.97 million tonnes, up 4.1 percent. Dalian's most-traded iron ore contract settled at 674 yuan a tonne on Wednesday, down 0.81 percent, according to Shanghai Metals Market's daily report.

Court Overturns Heritage Block on Regis Resources' McPhillamys Gold Project: Finally, a permitting ruling in Australia. The Federal Court declared invalid a Commonwealth heritage protection declaration that had stalled Regis Resources' McPhillamys gold project near Blayney in New South Wales, Australian Mining reports. The declaration was made in August 2024 by then environment minister Tanya Plibersek and covered 400 hectares, including the planned tailings dam site. Regis launched its challenge in November 2024.

Sources:

- Shanghai Metals Market — Escondida Supervisors Ratify a Three-Year Contract and the Strike Is Cancelled: https://news.metal.com/newscontent/104157785-escondida-main-union-approves-new-three-year-contract-planned-strike-canceled-smm-analysis

- La Tercera — Escondida Supervisors Ratify a Three-Year Contract and the Strike Is Cancelled: https://www.latercera.com/pulso/noticia/minera-escondida-y-sindicato-de-supervisores-sellan-acuerdo-y-evitan-la-huelga/

- Bloomberg — Escondida Supervisors Ratify a Three-Year Contract and the Strike Is Cancelled: https://www.bloomberg.com/news/articles/2026-10-14/world-s-top-copper-mine-faces-strike-as-wage-talks-break-down

- Mining.com — Escondida Supervisors Ratify a Three-Year Contract and the Strike Is Cancelled: https://www.mining.com/copper-price-forecasts-lifted-for-2026-but-tariff-collapse-still-on-the-table/

- Antofagasta plc Q3 2026 Production Report — Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: https://www.antofagasta.co.uk/media/4976/20261015_aplc26q3prodreport-oct26-vf.pdf

- Alliance News via ii.co.uk — Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: https://www.ii.co.uk/news/antofagasta-flags-cost-pressures-as-2027-outlook-falls-short-of-hopes-al1792050822003579700

- Mining Weekly — Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: https://www.miningweekly.com/article/antofagasta-third-quarter-copper-output-rises-7-backs-2026-forecast-2026-10-15

- BNamericas — Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: https://www.bnamericas.com/en/features/labor-disputes-involving-around-1700-workers-and-13-deaths-in-2026-put-pressure-on-mining-in-chile

- Reuters via Mining.com.au — Antofagasta Misses on Q3 Copper and Gold, Guides 2027 Below Consensus: https://mining.com.au/striking-unions-and-centinela-copper-mine-restart-negotiations/

- Kitco News — Hot U.S. Inflation Print Knocks Gold Below US$4,110 and Copper Lower: https://www.kitco.com/news/article/2026-10-14/gold-price-drops-session-lows-us-cpi-heats-september

- Perplexity Finance (copper) — Hot U.S. Inflation Print Knocks Gold Below US$4,110 and Copper Lower: https://www.perplexity.ai/finance/HGUSD

- Mining.com — Hot U.S. Inflation Print Knocks Gold Below US$4,110 and Copper Lower: https://www.mining.com/copper-price-forecasts-lifted-for-2026-but-tariff-collapse-still-on-the-table/

- Shanghai Metals Market (GAC data) — China's September Customs Data: Iron Ore and Copper Concentrate Imports Fall: https://news.metal.com/newscontent/104157221-gac-copper-semis-imports-fell-65-rare-earth-imports-fell-24-and-aluminum-semis-exports-rose-178-in-the-first-three-quarters

- Shanghai Metals Market (copper concentrate) — China's September Customs Data: Iron Ore and Copper Concentrate Imports Fall: https://news.metal.com/newscontent/104157119-chinas-copper-concentrate-imports-fell-both-mom-and-yoy-in-september-2026

- Australian Mining — Court Overturns Heritage Block on Regis Resources' McPhillamys Gold Project: https://www.australianmining.com.au/regis-wins-mcphillamys-court-challenge/

- ABC News — Court Overturns Heritage Block on Regis Resources' McPhillamys Gold Project: https://www.abc.net.au/news/2026-10-14/federal-court-overturns-commonwealth-gold-mine-decision/107260458

- Australian Financial Review — Court Overturns Heritage Block on Regis Resources' McPhillamys Gold Project: https://www.afr.com/companies/mining/court-overturns-plibersek-s-cultural-heritage-block-on-1b-gold-mine-20261014-p615fq

- Mugglehead (citing Regis release) — Court Overturns Heritage Block on Regis Resources' McPhillamys Gold Project: https://mugglehead.com/regis-resources-mcphillamys-heritage-declaration-court-ruling/

- CNBC — Tomorrow's Flashpoint: https://www.cnbc.com/2026/10/13/gold-eases-on-firm-dollar-spotlight-on-us-inflation-data.html

Escondida Reaches Preliminary Deal as a Strike Deadline Passes: First, Chile, where a strike at the world's largest copper mine was pulled back from the brink overnight. Reuters reports BHP and the supervisors' union at Escondida reached a preliminary agreement to avoid a strike, according to two sources familiar with the negotiations. The union, which has 1,020 members, had said it would walk out at 8 a.m. local time on Wednesday.

Rio Tinto Beats on Pilbara Shipments as Oyu Tolgoi Copper Climbs: Next, Rio Tinto, which released its third-quarter operations review on Tuesday evening in London. Sharecast reports Pilbara iron ore shipments came in at 85.7 million tonnes for the quarter, up 2 percent from a year earlier and above analyst forecasts of 84.41 million tonnes. Shipments for the year so far stand at 243.4 million tonnes. Rio held its full-year guidance of 323 to 338 million tonnes and would need 79.6 million tonnes in the fourth quarter to reach the low end. Global iron ore sales were 90.8 million tonnes, up 3 percent.

Glencore Lists in Australia With a Small Premium and Rio Tinto in the Background: Meanwhile, Glencore has taken a second listing in Australia. Reuters reports the miner's depositary interests opened on the Australian Securities Exchange at 11 dollars and 44 cents Australian, or 603 pence, a small premium to the London close of 582.9 pence on Tuesday. The Australian Financial Review says more than 130 million Australian dollars of shares changed hands on the first day, and Global Banking and Finance reports the shares closed slightly lower at 11 dollars and 23 cents.

SSR Mining Offers About US$464 Million in Cash for Roxmore and Its Converse Project: Next, M&A in Nevada. SSR Mining has agreed to buy Roxmore Resources for 6 dollars and 75 cents Canadian in cash per share. SSR's release puts the fully diluted equity value at about 464 million U.S. dollars and the enterprise value at 392 million. The cash price is a 27 percent premium to Roxmore's October 9 close and a 47 percent premium to its 20-day volume weighted average price.

Chile's Copper Supply Risks Stack Up as Aurubis Sets a Record Premium: Finally, the supply picture behind the Chilean headlines. Bloomberg reports London copper rose as much as 0.8 percent to 14,695 dollars a tonne, the highest since September 23, with the record near 14,900 set last month.

Sources:

- Reuters via Mining.com.au — Escondida Reaches Preliminary Deal as a Strike Deadline Passes: https://mining.com.au/bhp-averts-escondida-strike-with-preliminary-agreement/

- Diario Financiero — Escondida Reaches Preliminary Deal as a Strike Deadline Passes: https://www.df.cl/empresas/mineria/sindicato-de-supervisores-y-minera-escondida-no-logran-acuerdo-y-huelga

- Bloomberg — Escondida Reaches Preliminary Deal as a Strike Deadline Passes: https://www.bloomberg.com/news/articles/2026-10-14/world-s-top-copper-mine-faces-strike-as-wage-talks-break-down

- Bloomberg via Mining.com — Escondida Reaches Preliminary Deal as a Strike Deadline Passes: https://www.mining.com/web/worlds-top-copper-mine-in-final-bid-to-avert-strike-as-prices-rally/

- Rio Tinto — Rio Tinto Beats on Pilbara Shipments as Oyu Tolgoi Copper Climbs: https://www.riotinto.com/en/news/releases/2026/rio-tinto-releases-third-quarter-2026-production-results

- Sharecast — Rio Tinto Beats on Pilbara Shipments as Oyu Tolgoi Copper Climbs: https://www.sharecast.com/news/news-and-announcements/rio-tinto-iron-ore-mining-ftse-100-commodities-pilbara-lithium-copper-china-oyu-tolgoi-global-economy-energy-markets-freight-markets-capital-allocation-production-guidance--23843626.html

- Reuters via Euronext — Glencore Lists in Australia With a Small Premium and Rio Tinto in the Background: https://live.euronext.com/en/financial-news/glencore-shares-trade-higher-asx-debut-investors-eye-copper

- Glencore — Glencore Lists in Australia With a Small Premium and Rio Tinto in the Background: https://www.glencore.com/media-and-insights/news/glencore-begins-trading-on-asx

- Australian Financial Review — Glencore Lists in Australia With a Small Premium and Rio Tinto in the Background: https://www.afr.com/markets/equity-markets/mining-giant-glencore-sells-660m-worth-of-shares-on-its-asx-debut-20261014-p615e9

- Global Banking and Finance — Glencore Lists in Australia With a Small Premium and Rio Tinto in the Background: https://www.globalbankingandfinance.com/glencore-shares-start-trading-australia-miner-hopes-boost/

- SSR Mining (via StockTitan) — SSR Mining Offers About US$464 Million in Cash for Roxmore and Its Converse Project: https://www.stocktitan.net/news/SSRM/ssr-mining-announces-the-acquisition-of-roxmore-wur481q8ohxs.html

- Mining.com — SSR Mining Offers About US$464 Million in Cash for Roxmore and Its Converse Project: https://www.mining.com/ssr-to-buy-roxmore-for-464m-boosts-value-of-nevada-gold-mine/

- Bloomberg via Yahoo Finance — Chile's Copper Supply Risks Stack Up as Aurubis Sets a Record Premium: https://finance.yahoo.com/markets/commodities/articles/copper-climbs-three-week-high-043720566.html

- Mining.com — Chile's Copper Supply Risks Stack Up as Aurubis Sets a Record Premium: https://www.mining.com/chile-copper-supply-under-pressure-as-disruptions-mount/

- Reuters via Mining.com.au — Chile's Copper Supply Risks Stack Up as Aurubis Sets a Record Premium: https://mining.com.au/striking-unions-and-centinela-copper-mine-restart-negotiations/

- Shanghai Metals Market — Chile's Copper Supply Risks Stack Up as Aurubis Sets a Record Premium: https://news.metal.com/newscontent/104157556-aurubis-2027-copper-cathode-long-term-contract-premium-offer-hits-record-high

- CNBC — Tomorrow's Flashpoint: https://www.cnbc.com/2026/10/14/gold-prices-hold-firm-ahead-of-us-inflation-data.html

Landslide Kills Two Workers and Partly Halts Codelco's El Teniente: First, Chile, where another fatal accident has hit the copper sector. Reuters reports Codelco partially suspended operations at El Teniente on Sunday after a landslide killed two workers and left one rescued, according to SERNAGEOMIN, the mining regulator. Shortly before 2 p.m. local time, the slide struck three workers employed by the contractor Aura Ingeniería as they inspected the mine's south pit sector.

Copper Reaches a Two-Week High as Chile Risks Stack Up: Next, copper, which kept climbing on Tuesday. Mining.com.au reports London benchmark copper rose as much as 1 percent to 14,688 dollars a tonne, the highest since September 25. Reuters had three-month copper at 14,636 dollars and 50 cents at 0915 GMT, a third straight session of gains and close to the record of 14,875 dollars set last month.

Escondida Mediation Clock Ticks as Centinela Talks Resume: Meanwhile, two Chilean disputes hit decision points. First, Centinela. Voluntary mediation between Antofagasta Minerals and the Minera Esperanza and Distrito Centinela unions resumes this morning at 10 a.m. in Antofagasta, Shanghai Metals Market reports. The strike, now in its second week, involves 709 workers, about 22 percent of the direct workforce. The unions warn that if it continues into November, output that month could be halved, while Antofagasta says its full-year outlook is unchanged.

Long-Term Uranium Price Tops Its 2007 Peak, but Shares Lag: Next, uranium, where the contract price has quietly set a record. Energy Metal News, a newsletter distributed through PR Newswire, reports the long-term uranium price ended September at 96 dollars and 50 cents a pound, above the 95-dollar peak reached in 2007, citing figures published by Cameco. Investing News also describes the long-term price as hitting a record of about 96 dollars in the third quarter.

Arafura Lifts Its Binding NdPr Offtake 70% to 850 Tonnes a Year: Finally, rare earths, where Arafura Rare Earths has firmed up a larger offtake for its Nolans project in Australia's Northern Territory. Proactive reports a binding agreement with an unnamed major global trading company for 850 tonnes a year of neodymium-praseodymium oxide, up 70 percent from the 500 tonnes a year in a term sheet signed in May.

Sources:

- Reuters via Internazionale — Landslide Kills Two Workers and Partly Halts Codelco's El Teniente: https://www.internazionale.it/ultime-notizie-reuters/2026/10/12/chile-s-codelco-reports-mudslide-at-el-teniente-mine-three-workers-affected

- The Rio Times (Cochilco data) — Landslide Kills Two Workers and Partly Halts Codelco's El Teniente: https://www.riotimesonline.com/chile-escondida-copper-output-august-2026/

- LME Insight — Landslide Kills Two Workers and Partly Halts Codelco's El Teniente: https://www.lmeinsight.com/the-lme-weekly-review-5-9-october-2026/

- Mining.com.au — Copper Reaches a Two-Week High as Chile Risks Stack Up: https://mining.com.au/copper-price-hits-two-week-high-on-chile-supply-risks/

- Reuters via Mining.com.au — Copper Reaches a Two-Week High as Chile Risks Stack Up: https://mining.com.au/copper-price-rises-amid-disruptions-zinc-and-aluminium-fall/

- Shanghai Metals Market — Escondida Mediation Clock Ticks as Centinela Talks Resume: https://news.metal.com/newscontent/104154740-mine-labour-negotiations-update-centinela-strike-enters-its-second-week-as-mediation-resumes

- CNN Chile — Escondida Mediation Clock Ticks as Centinela Talks Resume: https://www.cnnchile.com/negocios/el-proceso-que-mantiene-en-vilo-a-escondida/

- teleSUR English — Escondida Mediation Clock Ticks as Centinela Talks Resume: https://www.telesurenglish.net/centinela-mine-strike/

- Energy Metal News (PR Newswire, citing Cameco) — Long-Term Uranium Price Tops Its 2007 Peak, but Shares Lag: https://www.centralcharts.com/en/news/5806290-long-term-uranium-price-moves-past-its-2007-peak-while-energy-metals-deals-keep-coming

- Investing News Network — Long-Term Uranium Price Tops Its 2007 Peak, but Shares Lag: https://investingnews.com/category/daily/resource-investing/

- Proactive via Yahoo Finance — Arafura Lifts Its Binding NdPr Offtake 70% to 850 Tonnes a Year: https://ca.finance.yahoo.com/news/gina-rinehart-backed-arafura-rare-034300791.html

- Rio Tinto (release schedule) — Tomorrow's Flashpoint: https://www.riotinto.com/

- Perplexity Finance (UBS expectation) — Tomorrow's Flashpoint: https://www.perplexity.ai/finance/RIO

Lithium Carbonate Slides as EU Hybrid Curbs Dent Demand Hopes: First, lithium, which had a rough Monday in China. Shanghai Metals Market quoted spot battery-grade lithium carbonate at an average of 115,400 yuan a tonne, down 6,950 yuan, or about 5.7 percent, from the previous working day. The most-traded futures contract fell as much as nearly 11 percent, to an intraday low of 105,320 yuan, as prices dropped while volume and open interest rose.

Centinela Talks Resume Tuesday as Copper Holds Near 14,500 Dollars: Next, copper and Chile's labour front. Reuters reports Centinela and its two striking unions, Minera Esperanza and Distrito Centinela, will resume negotiations Tuesday at 10 a.m. in Antofagasta under a voluntary mediation process proposed by regional labour authorities. Antofagasta Minerals said it welcomed the talks, remains committed to reaching an agreement, and has kept operating during the strike in line with labour law.

Gold Edges to a Ten-Day High Ahead of U.S. Inflation Data: Meanwhile, gold started the week firmer. Reuters, via CNBC, reports spot gold rose 0.3 percent to 4,206 dollars an ounce, its highest since October 2. December U.S. futures gained 0.3 percent to 4,230 dollars and 40 cents. Spot silver rose 0.5 percent to 61 dollars and 12 cents, platinum gained 1 percent to 1,704 dollars and 70 cents, and palladium climbed 1.2 percent to 1,161 dollars and 81 cents.

Anglo American Backs South Africa With an 11-Billion-Rand Sishen Project: Next, South Africa, where Anglo American's chief executive made the case that the country remains a premier mining jurisdiction. Engineering News, reporting on a Joburg Indaba conversation covered by Mining Weekly, says Anglo is investing 11.2 billion rand in an ultra-high dense media separation iron ore project at Sishen in the Northern Cape. That is about 680 million U.S. dollars, or roughly 970 million Canadian.

Atalaya's Touro Copper Project Wins EU Strategic Status: Finally, Spain, where a copper project in Galicia has joined the European Union's strategic list. Atalaya Mining announced Monday that Proyecto Touro, held through its local entity Cobre San Rafael, was designated a strategic project under the Critical Raw Materials Act. It follows last week's European Commission selection of 46 projects across the bloc.

Sources:

- Shanghai Metals Market (lithium analysis) — Lithium Carbonate Slides as EU Hybrid Curbs Dent Demand Hopes: https://news.metal.com/th/newscontent/104152430-smm-analysis-weak-demand-expectations-dominate-spot-lithium-carbonate-falls-below-the-110000-yuan-mark

- Shanghai Metals Market (midday comment) — Lithium Carbonate Slides as EU Hybrid Curbs Dent Demand Hopes: https://news.metal.com/newscontent/104151989-metals-broadly-rose-lithium-carbonate-fell-below-the-110000-mark-shfe-copper-shfe-zinc-shfe-tin-and-shfe-gold-led-the-gains-shfe-silver-led-the-rally-smm-midday-comment

- Reuters via Mining.com.au — Centinela Talks Resume Tuesday as Copper Holds Near 14,500 Dollars: https://mining.com.au/chiles-centinela-copper-mine-unions-to-resume-talks-amid-strike/

- teleSUR English — Centinela Talks Resume Tuesday as Copper Holds Near 14,500 Dollars: https://www.telesurenglish.net/centinela-mine-strike/

- Shanghai Metals Market (Escondida mediation) — Centinela Talks Resume Tuesday as Copper Holds Near 14,500 Dollars: https://news.metal.com/newscontent/104144101-bhp-seeks-formal-mediation-at-escondida-temporarily-delaying-strike-at-worlds-largest-copper-mine

- Shanghai Metals Market (copper morning meeting) — Centinela Talks Resume Tuesday as Copper Holds Near 14,500 Dollars: https://news.metal.com/newscontent/104150645-supply-marginally-loosening-high-prices-may-be-hard-to-sustain-smm-copper-morning-meeting-summary

- Reuters via CNBC — Gold Edges to a Ten-Day High Ahead of U.S. Inflation Data: https://www.cnbc.com/2026/10/12/gold-gains-on-weaker-oil-dollar-us-inflation-data-in-focus.html

- Engineering News (Creamer Media) — Anglo American Backs South Africa With an 11-Billion-Rand Sishen Project: https://www.engineeringnews.co.za/article/south-africa-remains-premier-mining-jurisdiction-anglos-wanblad-assures-2026-10-11

- Atalaya Mining (RNS via Investegate) — Atalaya's Touro Copper Project Wins EU Strategic Status: https://www.investegate.co.uk/announcement/rns/atalaya-mining--atym/touro-declared-strategic-project-/9816840

- Mining Technology (EU 46 projects) — Atalaya's Touro Copper Project Wins EU Strategic Status: https://www.mining-technology.com/news/ec-46-projects-raw-material-supply/

- Perplexity Finance (UBS expectation) — Tomorrow's Flashpoint: https://www.perplexity.ai/finance/RIO

Panama Quake Spares Cobre Panama as Restart Talks Loom: First, Panama, where the country's strongest earthquake in more than seven decades has left one of the world's biggest idled copper mines intact. The magnitude 7.7 quake struck Herrera Province on Friday, more than 120 miles southwest of the Panama Canal, according to the U.S. Geological Survey, as reported by The Edge. An early U.S.G.S. estimate puts economic losses above one billion dollars, about 1.4 billion Canadian.

Chile's August Copper Output Falls to Its Lowest Since at Least 2023: Next, Chile, where fresh numbers show how much supply has already slipped before the latest strikes. Using data from the state copper commission, Cochilco, The Rio Times reports national mine output in August was 366,300 tonnes, down 12.7 percent from a year earlier. That was the lowest monthly total in Cochilco's tables since at least January 2023. For the first eight months, output is 3.25 million tonnes, down 7.7 percent. Cochilco marks all 2026 figures as provisional.

Fortescue's Cash Falls 37% as the China Standoff Drags On: Meanwhile, in Western Australia, Fortescue is paying a visible price for its dispute with China's state-backed buyer. Reuters reports cash fell 37 percent in the September quarter to 3.2 billion dollars, from 5.1 billion three months earlier. Net debt more than tripled, to 2.8 billion dollars from 0.9 billion at the end of June.

Kenmare May Be Better Off Holding Out as Abu Dhabi Circles: Finally, Dublin, where The Irish Times says Kenmare Resources may be better off holding out. Abu Dhabi's International Resources Holding, a unit of International Holding Company, has made a non-binding proposal for the titanium minerals miner. The Irish Takeover Panel has set a November 17 deadline for a firm bid. No price or conditions have been reported.

Sources:

- The Edge Malaysia (US Geological Survey figures) — Panama Quake Spares Cobre Panama as Restart Talks Loom: https://theedgemalaysia.com/node/821350

- Shanghai Metals Market — Panama Quake Spares Cobre Panama as Restart Talks Loom: https://news.metal.com/newscontent/104150513-cobre-panama-copper-mine-stable-after-major-earthquake-strikes-panama

- Reuters — Panama Quake Spares Cobre Panama as Restart Talks Loom: https://www.reuters.com/business/panama-commission-recommends-reopening-first-quantum-mine-order-gradually-close-2026-09-30/

- The Rio Times (Cochilco data) — Chile's August Copper Output Falls to Its Lowest Since at Least 2023: https://www.riotimesonline.com/chile-escondida-copper-output-august-2026/

- Mining.com.au (Codelco August output) — Chile's August Copper Output Falls to Its Lowest Since at Least 2023: https://mining.com.au/indonesia-proposes-critical-minerals-partnership-with-chile/

- teleSUR English — Chile's August Copper Output Falls to Its Lowest Since at Least 2023: https://www.telesurenglish.net/centinela-mine-strike/

- Reuters via Mining.com.au — Fortescue's Cash Falls 37% as the China Standoff Drags On: https://mining.com.au/fortescue-cash-falls-37-amid-china-curbs/

- Mining.com — Fortescue's Cash Falls 37% as the China Standoff Drags On: https://www.mining.com/web/fortescue-says-dispute-with-chinas-cmrg-hits-iron-ore-sales/

- The Irish Times — Kenmare May Be Better Off Holding Out as Abu Dhabi Circles: https://www.irishtimes.com/business/markets/2026/10/10/kenmare-resources-oman-abu-dhabi-takeover-mozambique-mine-michael-carvill-tom-hickey/

- Perplexity Finance (UBS expectation) — Tomorrow's Flashpoint: https://www.perplexity.ai/finance/RIO

Copper Posts a Weekly Gain as Yangshan Premium Hits a Four-Year High: First, copper, which ended the week higher on supply risk and a returning Chinese buyer. Reuters reports London benchmark copper was up 1.6 percent at 14,541 dollars a tonne by 16:04 GMT Friday, on track for a 2.0 percent weekly gain. Bloomberg has the settlement at 14,540 dollars.

Gold Rebounds From a Two-Month Low as Yields Retreat: Next, gold, which recovered most of the week's damage on Friday. Reuters, via CNBC, reports spot gold rose 1.6 percent to 4,198 dollars and 99 cents an ounce by 3:13 p.m. Eastern, a one-week high. December U.S. futures settled up 1.43 percent at 4,216 dollars and 30 cents, and closed up 1.3 percent on the week. Spot silver gained 2.7 percent to 60 dollars and 93 cents.

Kamoa-Kakula Copper Output Rises 19% but Guidance Stays at the Low End: Meanwhile, in the Democratic Republic of Congo, Ivanhoe Mines reported Kamoa-Kakula produced 76,401 tonnes of copper in saleable products in the third quarter. That is up 19 percent from 64,328 tonnes in the second quarter, according to the company's release as summarized by LME Insight.

Glencore Pitches Electrification Ahead of Its October 14 ASX Listing: Next, Glencore, which lists on the Australian Securities Exchange on Wednesday. Chief executive Gary Nagle told Reuters on Friday that interest from investors is "very strong," and said he believes the company could join the S&P/ASX 200 within 12 months, with analysts suggesting half that time.

EU Names 46 Strategic Raw Materials Projects Across 16 Countries: Finally, policy in Brussels. The European Commission selected 46 new strategic projects across 16 member states under the Critical Raw Materials Act, from 102 applications, according to Mining Technology. The projects cover 15 of the 17 strategic raw materials in the law.

Sources:

- Reuters via Mining.com.au — Copper Posts a Weekly Gain as Yangshan Premium Hits a Four-Year High: https://mining.com.au/copper-price-heads-for-a-weekly-gain-on-mine-supply-risks-china-demand/

- Bloomberg — Copper Posts a Weekly Gain as Yangshan Premium Hits a Four-Year High: https://www.bloomberg.com/news/articles/2026-10-09/copper-set-for-weekly-gain-on-china-s-return-and-supply-concerns

- Reuters via CNBC — Gold Rebounds From a Two-Month Low as Yields Retreat: https://www.cnbc.com/amp/2026/10/09/gold-rises-on-softer-dollar-easing-yields-fed-outlook-in-focus.html

- Ivanhoe Mines (Q3 2026 release) — Kamoa-Kakula Copper Output Rises 19% but Guidance Stays at the Low End: https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-reports-76401-tonnes-of-copper-produced-by-kamoa-kakula-for-q3-2026/

- LME Insight — Kamoa-Kakula Copper Output Rises 19% but Guidance Stays at the Low End: https://www.lmeinsight.com/kamoa-kakula-copper-output-rises-19-as-recovery-continues/

- Reuters — Glencore Pitches Electrification Ahead of Its October 14 ASX Listing: https://www.reuters.com/business/retail-consumer/glencore-sees-electrification-trend-driving-strong-uptake-australia-listing-2026-10-09/

- Global Banking and Finance (Reuters text) — Glencore Pitches Electrification Ahead of Its October 14 ASX Listing: https://www.globalbankingandfinance.com/glencore-sees-electrification-trend-driving-strong-uptake/

- Mining Technology — EU Names 46 Strategic Raw Materials Projects Across 16 Countries: https://www.mining-technology.com/news/ec-46-projects-raw-material-supply/

- LME Insight (KGHM designation) — EU Names 46 Strategic Raw Materials Projects Across 16 Countries: https://www.lmeinsight.com/tag/news/

- Eldorado Gold (Skouries designation) — EU Names 46 Strategic Raw Materials Projects Across 16 Countries: https://www.globenewswire.com/news/industrials-utilities/metals-mining

Unions Say Centinela Output Could Halve in November as Copper Premiums Climb: First, copper, where a strike in Chile is meeting a thin market. Reuters reports unions at Antofagasta's Centinela mine said Thursday that the full impact of their strike is expected in November, when production could decrease by half. They say early effects will worsen gradually because a large amount of waste rock has to be removed. The unions say they represent more than half of the mine's critical operators and over 60 percent of its equipment maintenance workers. Antofagasta declined to comment on the estimate and has said it will maintain production guidance.

Indonesia Weighs a Moratorium on Semi-Finished Nickel Smelters: Next, nickel, where Indonesia is considering a brake on its own growth. Coordinating Minister for Downstreaming and Energy Transition Bahlil Lahadalia said the government is weighing a moratorium or restrictions on new smelters that produce semi-processed nickel, the Jakarta Post reports. He put nickel supply ahead of demand by about 2.5 million tonnes, and said 50 to 60 percent of Indonesia's smelters still make semi-processed products.

MMG Calls EU Concerns Over Anglo American Nickel Deal Unsupported: Meanwhile, in Brussels, MMG defended its 500 million dollar bid for Anglo American's Brazilian nickel business at a day-long hearing on Thursday, Reuters reports. The European Commission opened a full-scale investigation and warned last month that MMG could redirect ferronickel supplies away from Europe, which could hurt the bloc's stainless steel producers.

LG Energy Solution Signs 240,000-Tonne Spodumene Deal With Elevra: Next, lithium, where a battery maker is locking in non-Chinese supply. LG Energy Solution said Thursday it signed a multi-year binding offtake agreement with Elevra Lithium for 240,000 dry metric tonnes of spodumene concentrate over four years. The supply comes from Elevra's operating North American Lithium project in Quebec, with deliveries expected to begin later this year.

Kazatomprom Shareholders Approve China Uranium Sale, Reject Uranium One Deal: Finally, uranium. Shareholders of Kazatomprom approved a spot-term sale of uranium oxide concentrate to China's State Nuclear Uranium Resource Development Company, known as SNURDC, and did not approve a proposed supply agreement with Russia's Uranium One, according to results reported from the October 7 meeting. SNURDC is a subsidiary of State Power Investment Corporation.

Sources:

- Reuters via LSE.co.uk — Unions Say Centinela Output Could Halve in November as Copper Premiums Climb: https://www.lse.co.uk/news/strike-could-cut-november-output-at-chiles-centinela-copper-mine-by-half-unions-say-pjian0jxhzg1ffe.html

- The Northern Miner — Unions Say Centinela Output Could Halve in November as Copper Premiums Climb: https://www.northernminer.com/news/copper-price-gains-as-chile-strike-threatens-output/1003895558/

- Reuters via Asharq Al-Awsat — Unions Say Centinela Output Could Halve in November as Copper Premiums Climb: https://english.aawsat.com/business/5327654-london-copper-rises-supply-risks-china-buying

- The Jakarta Post (smelter moratorium) — Indonesia Weighs a Moratorium on Semi-Finished Nickel Smelters: http://www.thejakartapost.com/business/2026/10/08/indonesia-mulls-nickel-smelter-moratorium-as-global-supply-swells

- Antara — Indonesia Weighs a Moratorium on Semi-Finished Nickel Smelters: https://en.antaranews.com/news/434681/indonesia-considers-moratorium-on-semi-finished-processing

- The Jakarta Post (Weda Bay launch) — Indonesia Weighs a Moratorium on Semi-Finished Nickel Smelters: https://www.thejakartapost.com/business/2026/10/09/prabowo-launches-10-2b-nickel-downstream-projects-at-weda-bay

- Reuters — MMG Calls EU Concerns Over Anglo American Nickel Deal Unsupported: https://www.reuters.com/business/finance/mmg-accuses-eu-antitrust-regulators-ignoring-evidence-backing-anglo-american-2026-10-08/

- LG Energy Solution — LG Energy Solution Signs 240,000-Tonne Spodumene Deal With Elevra: https://news.lgensol.com/company-news/press-releases/5412/

- Elevra Lithium (ASX release) — LG Energy Solution Signs 240,000-Tonne Spodumene Deal With Elevra: https://aapnews.aap.com.au/aapreleases/globenewswire9841837

- Mugglehead — Kazatomprom Shareholders Approve China Uranium Sale, Reject Uranium One Deal: https://mugglehead.com/kazatomprom-china-uranium-sale-vote-uranium-one-proposal/

- Kursiv Media — Kazatomprom Shareholders Approve China Uranium Sale, Reject Uranium One Deal: https://kz.kursiv.media/en/2026-10-08/engk-tank-kazatomprom-rejects-deal-with-russias-uranium-one-approves-contract-with-china/

- SP Angel via Share Talk — Kazatomprom Shareholders Approve China Uranium Sale, Reject Uranium One Deal: https://www.share-talk.com/sp-angel-todays-market-view-thursday-8th-october-2026/

Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: First, Chile. A legal strike began at 8 a.m. local time Wednesday at Antofagasta's Centinela copper mine after government mediation ended without a deal. The Rio Times reports 709 workers are out, from two unions: Minera Esperanza with 420 members and Distrito Centinela with 289. Members voted 98.73 percent for a strike in late September. IndexBox, citing the unions, says they represent 22 percent of Centinela's direct workforce.

Gold Hits a Nine-Week Low After Fed Minutes Show All 19 Officials Backed the Hike: Next, gold. Investing.com reports gold steadied on Thursday after falling in the previous session to its lowest level since early August, a nine-week low. Spot gold rose 0.6 percent to 4,133 dollars and 60 cents an ounce at 5:04 GMT, and U.S. futures gained 0.4 percent to 4,157 dollars and 45 cents. Silver rose 0.4 percent to 60 dollars and 5 cents, and platinum climbed 2.07 percent to 1,667 dollars and 82 cents.

Arafura Breaks Ground on A$1.6 Billion Nolans Rare Earths Project: Meanwhile, in Australia, construction has begun on Arafura Rare Earths' Nolans project, 135 kilometres north of Alice Springs in the Northern Territory. The first sod was turned Thursday, according to the National Tribune. Proactive Investors puts the cost at 1.6 billion Australian dollars and calls Nolans Australia's first fully integrated rare earths mine and processing facility.

BHP Sells Kambalda Nickel Concentrator to Gold Fields: Next, nickel, where BHP has made its first sale out of its idled Nickel West division. BHP said Wednesday it has agreed to sell the Kambalda Nickel Concentrator and a package of associated tenements and mineralisation rights in Western Australia to Gold Fields, Reuters reports. No price was disclosed.

Laos Moves to Ban All Raw Mineral Exports by 2030: Finally, resource nationalism, now in Southeast Asia. The Lao government plans to ban all raw mineral exports by 2030 so that minerals are processed before leaving the country, The Star reports. Industry and Commerce Minister Malaithong Kommasith set out the plan to the National Assembly on Wednesday.

Sources:

- The Rio Times — Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: https://www.riotimesonline.com/chile-centinela-copper-strike-begins-709-workers/

- IndexBox — Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: https://www.indexbox.io/blog/copper-prices-recover-as-700-workers-strike-at-antofagastas-centinela-mine-in-chile/

- Shanghai Metals Market (Escondida mediation) — Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: https://news.metal.com/en/newscontent/104144101-bhp-seeks-formal-mediation-at-escondida-temporarily-delaying-strike-at-worlds-largest-copper-mine

- Shanghai Metals Market (LME close, Bank of America) — Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: https://news.metal.com/newscontent/104144417-bofa-raises-long-term-copper-price-forecast-tight-supply-supports-prices-smm-copper-morning-meeting-summary

- Shanghai Metals Market (inventories) — Centinela Strike Begins With 709 Workers as Escondida Mediation Runs: https://news.metal.com/newscontent/104146374-post-holiday-copper-social-inventory-buildup-yoy-level-remains-low-smm-weekly-data

- Investing.com via Yahoo Finance — Gold Hits a Nine-Week Low After Fed Minutes Show All 19 Officials Backed the Hike: https://uk.finance.yahoo.com/news/gold-steadies-nine-week-low-022008844.html

- Federal Reserve Board (FOMC minutes release) — Gold Hits a Nine-Week Low After Fed Minutes Show All 19 Officials Backed the Hike: https://www.federalreserve.gov/newsevents/pressreleases/monetary20261007a.htm

- Proactive Investors — Arafura Breaks Ground on A$1.6 Billion Nolans Rare Earths Project: https://www.proactiveinvestors.com.au/a/8b0682f8/arafura-rare-earths-starts-construction-of-a-1-6-billion-nolans-project

- National Tribune (Northern Territory release) — Arafura Breaks Ground on A$1.6 Billion Nolans Rare Earths Project: https://www.nationaltribune.com.au/ground-breaks-on-largest-mining-investment-in-territory-history/

- Reuters — BHP Sells Kambalda Nickel Concentrator to Gold Fields: https://www.reuters.com/legal/transactional/bhp-sell-kambalda-nickel-concentrator-tenements-gold-fields-2026-10-06/

- Mining Technology — BHP Sells Kambalda Nickel Concentrator to Gold Fields: https://www.mining-technology.com/news/bhp-kambalda-nickel-gold-fields/

- The Star (Malaysia) — Laos Moves to Ban All Raw Mineral Exports by 2030: https://www.thestar.com.my/aseanplus/aseanplus-news/2026/10/08/lao-govt-moves-to-end-raw-mineral-exports-pushes-processing

Abu Dhabi's IRH Makes a Cash Approach for Kenmare Resources: First, a takeover approach in mineral sands. Kenmare Resources, the Dublin-based miner of titanium minerals, confirmed on Tuesday that it has received a non-binding proposal from International Resources Holdings, known as IRH, for a possible cash offer for all of its issued and to be issued shares. In its statement the board said it "notes recent press speculation and confirms that it has received a non-binding proposal."

Perseus Says Gold Dealmaking Is Busy, but Few Deals Close: Next, gold dealmaking, where talk is running ahead of completions. Perseus Mining chief executive Craig Jones told Reuters late Tuesday that sector deal activity is strong but that closing is another matter. In his words, "There's a lot of activity, but not necessarily a lot of completion."

UBS Expects BHP and Rio Tinto Volumes Up as Iron Ore Sits Near US$91: Meanwhile, in iron ore, shipments are rising into a weak price. UBS analysts, including Myles Allsop and Lachlan Shaw, say iron ore has fallen to about 91 U.S. dollars a tonne, with free-on-board prices at more than ten-year lows, according to Proactive Investors.

First Belarusian Potash Cargo in Four Years Heads for New Orleans: Next, potash, where a single ship is carrying a lot of politics. Investing News reports that a 30,000-tonne cargo of Belarusian potash, the first to the United States in four years, is due at New Orleans on October 14. It left Russia's Bronka port, near St. Petersburg, on September 15.

Gold Slips About 1% Ahead of Fed Minutes as the Dollar Firms: Finally, gold, which is lower this morning with the Federal Reserve's September minutes due later today. Reuters, via Asharq Al-Awsat, reports spot gold fell 0.98 percent to 4,122 dollars and 73 cents an ounce by 0905 GMT. December U.S. futures fell 0.91 percent to 4,149 dollars. The dollar index rose 0.4 percent. Silver fell 2.2 percent to 60 dollars and 36 cents, platinum fell 3 percent to 1,650 dollars, and palladium fell 2.7 percent to 1,141 dollars.

Sources:

- Kenmare Resources plc (Rule 2.4 announcement) — Abu Dhabi's IRH Makes a Cash Approach for Kenmare Resources: https://www.kenmareresources.com/rns/2026-oct-statement-regarding-possible-offer/

- The Irish Times — Abu Dhabi's IRH Makes a Cash Approach for Kenmare Resources: https://www.irishtimes.com/business/2026/10/06/abu-dhabi-mining-firm-runs-rule-over-kenmare-resources/

- Reuters — Perseus Says Gold Dealmaking Is Busy, but Few Deals Close: https://www.reuters.com/world/africa/perseus-says-gold-ma-activity-high-deals-hard-close-over-price-uncertainty-2026-10-07/

- Discovery Alert — Perseus Says Gold Dealmaking Is Busy, but Few Deals Close: https://discoveryalert.com/news/gold-ma-northern-star-gold-fields-bid-october-2026/

- Proactive Investors (UBS research) — UBS Expects BHP and Rio Tinto Volumes Up as Iron Ore Sits Near US$91: https://www.proactiveinvestors.com/companies/news/1099662/ubs-sees-bhp-and-rio-tinto-leading-iron-ore-quarter-as-prices-hit-more-than-10-year-lows-1099662.html

- IG — UBS Expects BHP and Rio Tinto Volumes Up as Iron Ore Sits Near US$91: https://www.ig.com/uk/news-and-trade-ideas/uk-miners-trading-update--rio-tinto--antofagasta-and-peers-navig-261006

- Reuters (Glencore ASX listing date) — UBS Expects BHP and Rio Tinto Volumes Up as Iron Ore Sits Near US$91: https://www.reuters.com/company/rio-tinto-plc/

- Shanghai Metals Market — UBS Expects BHP and Rio Tinto Volumes Up as Iron Ore Sits Near US$91: https://news.metal.com/en/newscontent/104144101-bhp-seeks-formal-mediation-at-escondida-temporarily-delaying-strike-at-worlds-largest-copper-mine

- Investing News Network — First Belarusian Potash Cargo in Four Years Heads for New Orleans: https://investingnews.com/us-recieves-potash-from-belarus/

- Reuters via Asharq Al-Awsat — Gold Slips About 1% Ahead of Fed Minutes as the Dollar Firms: https://english.aawsat.com/business/5326933-gold-down-1-dollar-gains-fed-minutes-focus

- Mining.com via GhanaWeb — Gold Slips About 1% Ahead of Fed Minutes as the Dollar Firms: https://www.ghanaweb.com/GhanaHomePage/NewsArchive/Top-50-miners-lose-264-billion-as-gold-rally-fades-2055373