Latest news and articles about mining from NEX English
BlackRock, one of the world's largest asset management firms, has announced its support for mergers and acquisitions among major mining companies. This move reflects a trend toward enhancing investments in this vital sector amid a notable rise in demand for commodities.
The General Authority for Statistics reported a significant increase in operational revenues in Saudi Arabia by <strong>10.2%</strong> in March 2026 compared to the same month last year, supported by notable growth in several key economic activities.
Indonesia has announced plans to develop a rare earth mining project in the Mamuju region of West Sulawesi during a meeting attended by military and civilian ministers. This initiative is seen as a strategic step to enhance the local industry and increase the added value of mineral resources.
Billionaire Patrice Motsepe announced that South Africa has regained its competitiveness in the mining sector thanks to strategic partnerships between the public and private sectors. These initiatives aim to address regulatory and structural challenges hindering growth.
Egypt's gold imports have seen a remarkable increase in the first two months of 2026, reaching a value of <strong>$1.31 billion</strong>, compared to <strong>$21.7 million</strong> during the same period last year, according to the Central Agency for Public Mobilization and Statistics.
The General Authority for Statistics in Saudi Arabia reported a year-on-year decline of <strong>14.1%</strong> in the industrial production index for March 2026, primarily due to a drop in mining, quarrying, and manufacturing activities. Mining activities experienced the largest decrease at <strong>22.2%</strong> compared to the same month last year.
Turkish President Recep Tayyip Erdoğan announced a strategic partnership with Algeria in energy, mining, and trade during his official visit. This collaboration reflects both countries' commitment to enhancing economic relations.
The Chinese company Shuanglin has announced the development of the K7 autonomous mining truck, the first of its kind, aimed at automating mining operations by 2030. This innovative vehicle is set to transform the mining industry significantly.
Australian company Regis Resources has announced its agreement to acquire Vault Minerals in a share swap deal valued at approximately <strong>AUD 10.7 billion</strong> (<strong>USD 7.7 billion</strong>). This move aims to attract a broader range of shareholders and strengthen the company's market position.
The joint committee between the State Council and the Shura Council in Oman has approved a new law aimed at regulating the exploitation of mineral resources. This decision aligns with the government's efforts to enhance the mining sector and achieve sustainable development.
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, announced that 2025 marked unprecedented achievements in the industrial and mining sectors, with industrial contributions reaching <strong>502 billion Riyals</strong>.
PT ANTAM (Persero) Tbk announced a net profit of <strong>3.66 trillion rupiah</strong> in the first quarter of 2026, reflecting a <strong>58%</strong> increase compared to the same period last year. This growth comes despite ongoing global economic challenges.
The Chinese Ministry of Natural Resources has announced that China possesses the largest global reserves of 14 types of minerals, solidifying its status as a major player in the mining sector. It is expected that China will continue to lead the list of producing countries for these minerals until 2025.
Amak Mining Company recorded profits of <strong>60 million Saudi Riyals</strong> (16 million USD) in the first quarter of 2026, marking an <strong>8.8%</strong> increase compared to the same period last year. This growth is attributed to a rise in gross profit despite increased financing costs.
Former U.S. President Donald Trump has lifted the ban on mining activities near the border waters area, allowing a Chilean company to apply for necessary permits. This decision comes amid growing concerns about the potential environmental impact of such activities.
Saudi Arabia's Minister of Industry and Mineral Resources, Bandar Al-Khorayef, emphasized the importance of strengthening international partnerships to develop critical mineral supply chains during an international minerals conference. This initiative aims to support the Kingdom's industrial and economic transformation.
During the Critical Minerals Forum in Istanbul, Minister of Petroleum and Mineral Resources Karim Badawy highlighted Egypt's reforms aimed at attracting investments in the mining sector. He emphasized Egypt's strategic location and advanced infrastructure as key advantages for potential investors.
Engineer Karim Badawy, Minister of Petroleum and Mineral Resources, inaugurated the Critical Minerals Forum in Istanbul, emphasizing the mining sector's role in supporting the Egyptian economy. Egypt aims to increase the sector's contribution to GDP to 6% by 2030.
Egypt's Minister of Petroleum and Mineral Resources, Karim Badawy, announced the commencement of a comprehensive airborne geophysical survey for minerals in June 2024, marking the first initiative of its kind since 1984. This project aims to enhance the mining sector's contribution to the economy.
Paradigm Group from the UAE has signed a new agreement with the Republic of Congo aimed at expanding its gold business network. This collaboration reflects the group's strategy to enhance its global market presence and competitiveness.
Barrick Gold Corporation has announced plans to list its North American operations on the New York Stock Exchange, aiming to complete the initial public offering by the end of this year. This move reflects the company's strategy to expand in the U.S. markets.
Saudi Arabia has announced its entry into the top 10 countries in the global mining sector, with mineral wealth estimated at approximately <strong>9.4 trillion riyals</strong>. This move reflects the Kingdom's commitment to enhancing the mining sector as part of its economic vision.
A report from Saudi Vision 2030 for 2025 indicates that the Kingdom has made remarkable progress in the mining sector, ranking among the top 10 countries globally. The value of mineral wealth has surged to 9.4 trillion riyals.
The Saudi Ministry of Industry and Mineral Resources concluded its participation in Hannover Messe 2026, showcasing mineral wealth estimated at <strong>9.4 trillion riyals</strong>. This event is one of the largest industrial exhibitions globally, bringing together companies and investors from various countries.
On Thursday, ten people, including foreigners, were killed in an armed attack targeting a gold and copper mining project in Balochistan, southwestern Pakistan. This incident highlights the rising violence in the region at a sensitive time for the country.
The Indonesian Attorney General's Office has announced new charges against three individuals in a corruption case involving PT AKT, including the head of the maritime transport office. This move is part of the government's ongoing efforts to combat corruption and enhance transparency in the mining sector.
The Indonesian public prosecutor's office announced the identification of three new suspects in a corruption case involving PT AKT mining company. The suspects include government officials and businessmen implicated in legal violations during their tenure.
Economic reports have announced the discovery of a massive mine valued at <strong>$424 billion</strong>, opening new horizons in mining and the global economy. This find is considered a treasure underground that could significantly impact markets.
The Egyptian Engineers Syndicate has elected engineer Manal Metwally as the head of the Mining, Petroleum, and Metallurgy Division, highlighting the significant role of women in engineering fields. This election comes at a time when the industry faces multiple challenges requiring strong and innovative leadership.
The Industrial Production Index in Saudi Arabia recorded a significant increase of <strong>8.9%</strong> in February 2026 compared to the same month last year, driven by robust growth in the mining and manufacturing sectors. However, the index experienced a slight month-on-month decline of <strong>0.2%</strong>.