Iron-ore pessimism subsides despite looming Simandou supply

The prospects for iron-ore prices are improving thanks to a lower than expected global surplus this year, analysts and traders say, though looming new supply from the giant Simandou project in... 

South African rand holds gains after SARB focuses on lower inflation target

The South African rand held most of the previous day's gains in early trade on Friday, after the central bank stressed its strong preference for a lower inflation target at a monetary policy... 

Barrick asks World Bank court to intervene in Mali proceedings

Barrick Mining has asked the arbitration tribunal of the World Bank to intervene in legal proceedings in Mali, as the miner faces the possibility of the Loulo-Gounkoto mine falling under the... 

South African central bank cuts key rate with inflation well-contained

South Africa's central bank cut its main interest rate by 25 basis points to 7.25% on Thursday, after inflation came in below its target range for a second consecutive month. The decision by the... 

South Africa producer inflation unchanged at 0.5% y/y in April

South Africa's producer inflation was at 0.5% year on year in April, unchanged from March, statistics agency data showed on Thursday. The Producer Price Index increased 0.5% month on month in... 

Perpetua receives additional funding for Stibnite project from US Army

Mining company Perpetua Resources on Wednesday said it has been awarded up to $6.9-million in additional funding from the US Army for its Idaho antimony and gold Stibnite project. The... 

Nutrien plans major Pacific Northwest terminal to boost potash exports

Fertiliser producer Nutrien said on Wednesday it was planning a major terminal at a Pacific Northwest port and is currently exploring sites in the United States and Canada. "Nutrien is reviewing... 

South African rand stable as traders wait for interest rate decision

The South African rand was steady on Wednesday, a day ahead of the central bank's interest rate decision. At 1329 GMT, the rand traded at 17.9375 against the dollar, little changed from Tuesday's... 

South Africa GDP growth outlook gets biggest cut since early 2023; SARB to trim rates

Economists have cut their consensus forecast for South African economic growth this year by 0.3 percentage points in May, in the biggest single monthly downgrade since early 2023, a Reuters poll... 

Chile's SQM swings to first-quarter net profit

Chile's SQM, the world's second-largest lithium producer, reported a first-quarter net profit of $137.5-million on Wednesday, rebounding from a loss of $869.5-million a year earlier. The miner... 

South African rand stable as traders wait for interest rate decision

The South African rand was flat in early trade, as traders held off from big bets before the central bank's interest rate decision on Thursday. At 0645 GMT, the rand traded at 17.9725 against the... 

Rio Tinto split with CEO Stausholm over conflicting priorities, sources say

Rio Tinto's board and Jakob Stausholm agreed to part ways last week amid mounting concerns the CEO was reluctant to follow board priorities, including focusing on costs, after years of expansions... 

Nissan plans $7bn funding with backing from UK government

Nissan Motor Co, facing a huge loan repayment wall next year, is seeking to raise more than ¥1-trillion ($7-billion) from debt and asset sales to keep operations on track, according to documents... 

US Supreme Court spurns Native American challenge to Rio Tinto's Arizona copper project

The US Supreme Court declined on Tuesday to hear a Native American group's bid based on religious rights to block Rio Tinto and BHP from gaining control of Arizona land needed to build one of the... 

Ukraine revamps minerals sector, eyes billions in investment from US deal

Ukraine is overhauling its minerals sector, which has been pounded by three years of war, in the hope of unlocking potential and attracting billions of dollars of investment from a minerals deal... 

Guinea cancels 129 exploration permits, further tightening control

Guinea's military government has cancelled 129 minerals exploration permits, it said in a statement late on Monday, as the West African nation tightens control over its assets. A senior official at... 

South African rand weakens, interest rate decision ahead

South Africa's rand weakened early on Tuesday, with investors focussed firmly on the central bank's impending interest rate decision later this week. At 0827 GMT, the rand traded at 17.9225 against... 

Moroccan miner Managem reports 20% rise in Q1 revenue

Morocco's largest mining group Managem reported on Monday a 20% rise in its first-quarter revenue to 2.32-billion dirhams ($250-million), driven by higher gold, silver, copper, and cobalt prices.... 

South Africa proposes buying US LNG as seeks trade deal

South Africa has offered to buy liquefied natural gas from the United States over a ten-year period as part of proposals to secure a trade deal, according to a ministerial statement posted on the... 

Lesser flamingos lose one of their only four African breeding sites to sewage

Until the last half-decade, the majestic lesser flamingo had four African breeding sites: two salt pans in Botswana and Namibia, a soda lake in Tanzania, and an artificial dam outside South... 

Indonesia backtracks on coal phaseout

Indonesia plans to add 69.5 GW of power capacity by the end of 2034, much of it from renewable sources, but still expects to add new coal-fired power plants, the Energy Ministry said on Monday.... 

Nigeria to open two Chinese-backed lithium processing plants this year

Nigeria is set to commission two major lithium processing plants this year, the country's mining minister announced on Sunday, marking a shift from raw mineral exports towards adding value... 

Ivanhoe says it disputes Zijin statement on Congo mine problems

Ivanhoe Mines on Friday disputed a statement by its Chinese partner about problems at their co-owned Kakula copper mine in the Democratic Republic of Congo after seismic activity. "The press... 

ENAMI says lithium venture with Rio Tinto to start production in 2032

Chile's State-run mining firm ENAMI aims for its new Rio Tinto lithium partnership at Altoandinos to begin production in 2032 with 35 000 metric tons of the battery metal per year, and ramp up over... 

US approves Utah uranium mine after two-week environmental review

The Trump administration approved Anfield Energy's proposed Velvet-Wood uranium mine project in Utah on Friday after a rapid 14-day environmental review as part of a new process to fast-track... 

Canada's new Energy Minister vows to speed up permitting, reset industry relations

Canada's new Natural Resources Minister Tim Hodgson vowed to speed up the permitting process for major projects on Friday, in a speech welcomed by oil and gas executives eager to see Ottawa reset... 

Pakistan to offer US firms concessions on mining investment in tariff talks, says Minister

Pakistan plans to offer concessions to US companies to invest in its mining sector as part of negotiations with Washington over tariffs, its commerce minister told Reuters, as Islamabad seeks to... 

Rio Tinto hunts broadly for new CEO, in contrast with strong BHP bench

As Rio Tinto searches for a new CEO, the miner will cast a wide net due to a very short list of possible internal candidates, sources said, in contrast with laser-focused succession planning at its... 

Rio Tinto wins second major Chile lithium project at Altoandinos

Chile's state-run mining body ENAMI has tapped Rio Tinto for a 51% share of the Altoandinos lithium project, it said on Thursday, giving the global miner its second major venture in Chile for... 

Nyrstar seeks government funding for antimony production

Nyrstar, owned by global commodity trader Trafigura, could potentially produce the critical mineral antimony at its South Australian processing plant but would need government support to do so, CEO... 

Mali hearing on Barrick's Loulo-Gounkoto mines postponed to June 2

A Malian court hearing on whether to put Barrick Mining's Loulo-Gounkoto mining complex under provisional administration has been postponed to June 2, the presiding judge said on Thursday. The... 

Neo Performance Materials exits separation facilities in China

Neo Performance Materials said on Thursday it has exited its China separation facilities, as the Canadian rare earths company aims to reduce geopolitical risk and price volatility while expanding... 

South Africa to cut spending if tax agency doesn't meet target

South Africa will need to slash spending if its tax agency does not meet its revenue collection target this year, Finance Minister Enoch Godongwana said on Thursday, as the government focuses on... 

South Africans exasperated by Trump's false claims during Ramaphosa meeting

South Africans expressed dismay on Thursday at how US President Donald Trump's false claims of a white genocide-dominated a conversation with President Cyril Ramaphosa, and many wondered if his... 

South African rand steady after fraught Ramaphosa-Trump meeting

South Africa's rand was steady on Thursday, as markets tried to digest US President Donald Trump's Oval Office ambush of South African leader Cyril Ramaphosa, which overshadowed the country's... 

Freeport Indonesia says Manyar smelter resumes operations after fire

Copper miner Freeport Indonesia said its $3.7-billion Manyar smelter in East Java has resumed operations earlier than anticipated after a fire took it offline last year, and is expected to produce... 

Rio Tinto's Chile deal is a bet on unproven tech and lithium price bounce

Global miner Rio Tinto will tackle one of the biggest technological challenges in the lithium industry as it takes the lead in Chile's first major project involving the battery metal in years,... 

Greenland gives Danish-French group permit to mine rock with green potential, in wake of Trump interest

Greenland on Wednesday handed a 30-year mining permit to a Danish-French mining group aiming to extract a moon-like rock that could offer a climate-friendly alternative in aluminium production.... 

Ramaphosa faces Trump with deals on offer and golfers in tow

President Cyril Ramaphosa heads to the White House on Wednesday on a perilous mission to persuade a hostile Donald Trump to make deals with his country rather than scold and punish it as he has... 

Rosneft takes control of Russia's largest rare earth deposit

Russia's largest oil producer Rosneft has acquired Tomtor, the country's largest rare earth metal deposit, a companies registry showed on Wednesday, after President Vladimir Putin's call last year...