The analyst's "Mining Quarterly Review - Q2 2025" provides a comprehensive coverage on the global mining industry. It provides commodity trends covering price trends, production, capital expenditure of leading miners, development projects momentum, development projects by commodity, country, company and stage. The report also includes a demand drivers section providing information on factors that are affecting the global mining industry. It further provides updates on regulatory, technology-related, and ESG-related, developments in mining for Q2 2025.
Global coal production in the first half of 2025 was largely stable with strong growth, driven by strategic acquisitions, improved mine performance, and resilient demand, particularly from thermal power generation. Glencore led the gains boosted by its July 2024 acquisition of Elk Valley Resources (EVR), and a strong Q2 performance at its Australian and Canadian operations. Peabody Energy also delivered a notable 9.3% growth on the back of robust US thermal coal demand. In contrast, China Shenhua Energy saw output decline 1.7%, and PT Bumi Resources posted the sharpest fall of 7.3%, with both companies citing adverse weather as a major constraint on operations and logistics.
Most of the iron ore mining companies also registered strong growth in H1 2025. Mineral Resources posted a strong growth rate, owing to the successful ramp-up of the Onslow Iron project. Meanwhile, ArcelorMittal achieved 19.8% growth, benefiting from improved operational performance in Liberia and the company’s integrated Canadian assets, underscoring its geographic diversification strategy. In contrast, Vale (-0.1%), Mitsui & Co (-1.0%), and Rio Tinto (-1.8%) experienced slight declines due to heavy rainfall in Brazil, licensing restrictions, and cyclone-related logistics constraints in Australia.
Global coal production in the first half of 2025 was largely stable with strong growth, driven by strategic acquisitions, improved mine performance, and resilient demand, particularly from thermal power generation. Glencore led the gains boosted by its July 2024 acquisition of Elk Valley Resources (EVR), and a strong Q2 performance at its Australian and Canadian operations. Peabody Energy also delivered a notable 9.3% growth on the back of robust US thermal coal demand. In contrast, China Shenhua Energy saw output decline 1.7%, and PT Bumi Resources posted the sharpest fall of 7.3%, with both companies citing adverse weather as a major constraint on operations and logistics.
Most of the iron ore mining companies also registered strong growth in H1 2025. Mineral Resources posted a strong growth rate, owing to the successful ramp-up of the Onslow Iron project. Meanwhile, ArcelorMittal achieved 19.8% growth, benefiting from improved operational performance in Liberia and the company’s integrated Canadian assets, underscoring its geographic diversification strategy. In contrast, Vale (-0.1%), Mitsui & Co (-1.0%), and Rio Tinto (-1.8%) experienced slight declines due to heavy rainfall in Brazil, licensing restrictions, and cyclone-related logistics constraints in Australia.
Report Scope
- The report contains an overview of the key commodities in the mining industry including coal, copper, iron ore, gold, nickel, lead, zinc, uranium and lithium. It provides detailed information on prices, production by country, production by company, development projects update, capital expenditure, demand drivers, technology, ESG and regulatory updates in mining.
Reasons to Buy
- To gain an understanding of the quarterly changes in the global mining industry, relevant driving factors
- To understand historical and forecast trends on key commodities
- To identify key players in the global mining industry
- To identify major development projects momentum by region
- To identify the trend in capital expenditure spent by leading miners
- To understand the factors influencing demand drivers of key commodities
Table of Contents
- Overview
- Gold reserves
- West Africa gold production
- Gold prices
- Major active mines
- Major development projects
- Major exploration projects
- Competitive landscape
- Demand
- Taxes and royalties - Ghana
- Taxes and royalties - Burkina Faso
- Taxes and royalties - Mali
- Appendix
