Container shippers hedging green transition with dual-fuel vessel orders

Container shipping companies like Maersk, CMA and COSCO have ordered hundreds of new vessels in recent years meant to help their industry's greenhouse-gas (GHG) emissions meet rising demand from... 

Tiger Brands to sell Baby Wellbeing business, excluding Purity

South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset.... 

Chile lithium miner SQM reports net profit down 73% in Q3

Chile's SQM, the world's second-largest lithium producer, reported a 73% drop in third-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in average sales... 

Chile's rare salt flat fish faces threat from lithium mining project

At more than 3 700 m above sea level, the "karachi" swims happily in dense salt flat waters, but locals worry a future lithium project will endanger this extreme-environment fish. The Orestias... 

South African inflation drops to lowest since June 2020

South Africa's annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday, setting the stage for another interest rate cut by the central bank this week. Statistics South... 

Canadian regulator orders halt to Sunshine Oilsands operations

A Canadian regulator has ordered Sunshine Oilsands to suspend its operations, including wells, facilities and pipelines,in northern Alberta's oil sands regiondue to continuous non-compliance with... 

Peru copper output edges down 1% in September

Peru's copper production fell 1.2% in September compared to the same month last year to settle at 232 423 metric tons, data from the ministry of energy and mines showed on Tuesday. Peru is one of... 

South Africa will focus G20 presidency on inclusive growth, food security

South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday at a summit of the... 

Australia's Global Lithium delays AGM on foreign interference concerns

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.... 

South African pension withdrawals since reform up to R35.1bn

South Africa's tax service said on Tuesday that pension withdrawals in the 11 weeks since a reform took effect allowing people to make partial withdrawals before retirement had risen to... 

MTN exploring partnerships with satellite-internet providers

Africa's biggest mobile operator MTN is exploring partnerships with low-Earth-orbit (LEO) satellite providers to bring internet connection to rural and remote customers in particular, Group CEO... 

Resolute Mining agrees to pay $160m to Mali as CEO, employees remain detained

Australia's Resolute Mining said on Monday that it would pay $160-million to Mali's government to help resolve a tax dispute after the West African country detained its CEO Terence Holohan and two... 

Families gather at South African mine shaft where hundreds are feared underground

 Desperate family members of illegal miners believed to number in the hundreds waited outside a disused mine shaft in South Africa on Friday in the hope of their loved ones emerging from the hole... 

South Africa's revised carbon tax to be harsher but with more offsets, Treasury says

South Africa's revised carbon tax aims to balance the rival demands of climate activists and polluters by lowering tax-free allowances while letting companies make greater use of offsets, the... 

France's Orano warns of financial problems at Niger uranium plant Somair

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures... 

South African Reserve Bank to cut rates 25bps to 7.75% on Nov 21 – Reuters poll

The South African Reserve Bank will cut its repo rate next week as slowing inflation continues to make way for a series of cuts through the middle of next year, spurring growth to almost 2%, a... 

Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand

Copper prices could fall towards $8 500 a metric ton within the next four months on expectations that demand will be hurt by potential trade disruptions when Donald Trump returns to the White House... 

Trump's transition team aims to kill Biden EV tax credit

President-elect Donald Trump's transition team is planning to kill the $7 500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct... 

Australia eyes US climate policy shift for green energy boost

Any move by the Trump administration to change US climate policy could benefit Australia's ambitions to attract greater investment to its critical minerals and green energy industry, Prime Minister... 

Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the... 

Police in standoff with hundreds of illegal miners in disused shaft

South African police were in a standoff on Thursday with hundreds of illegal miners believed to be underground in a disused shaft, a day after a cabinet minister said the government was trying to... 

Australia may lose A$69bn amid green steel rush, report says

Top global iron-ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using... 

De Beers CEO sees talks on new Botswana diamond pact concluding soon

The CE of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations... 

Gold Fields may sell smaller mines to focus on new Canadian Osisko assets

Gold Fields may look for buyers for its smaller mines in Ghana and Peru to focus on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike... 

China's copper smelters to cut output next year on raw material shortage

Chinese copper smelters are likely to further cut production, shut down or extend maintenance to cope with a severe shortage of raw material or concentrate supply next year, participants at a... 

Miner K+S quarterly earnings hit by lower potash prices

German potash and salt miner K+S published its third quarter results on Thursday that beat revenue and core profit expectations but were weaker than a year ago following a fall in potash prices.... 

BHP set to detail copper growth plans on Chile roadshow, analysts say

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 

South Africa's ratings seen stuck in 'junk' despite investor optimism

South Africa will be unable to shed its "junk" credit rating for years to come, credit analysts said, despite investor optimism over the economic trajectory since the formation of a coalition... 

IMF urged to cash in on gold price to help poor countries hit by climate change

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 

Piedmont Lithium slashes more jobs under cost-cutting plan

US miner Piedmont Lithium has nearly halved its total workforce after completing an additional 32% reduction in October as part of an ongoing cost-cutting plan, it said on Tuesday. The company... 

Anglo American coal bidders down to three, say sources

The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody Energy Corp, three sources with knowledge of the matter told Reuters. The... 

Suncor Energy beats Q3 profit estimates on higher production, raises dividend

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 

Global CO2 emissions to hit record high in 2024, report says

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 

Higher silver supply to reduce global deficit by 4% in 2024

The global silver deficit is expected to fall by 4% to 182 million ounces in 2024, with growth of 2% in total supply offsetting demand growth of 1%, the Silver Institute industry association said... 

Australia-listed Vulcan Energy gets $106m funding from German ministry

Australia's Vulcan Energy Resources said on Tuesday it had received 100-million euros ($106.42-million) in funding from the German economy ministry for its renewable energy plant in Landau,... 

India thermal coal imports fall at fastest pace in 15 months

India's imports of thermal coal plunged by about a third on an annual basis in October, according to data analytics firms Bigmint and Kpler, due to slowing power generation and higher clean energy... 

Fresnillo says operational issues at Sabinas mine affecting silver production

Precious metals miner Fresnillo said on Tuesday that the Sabinas mine, owned by Mexico's top silver miner Industrias Penoles, was experiencing operational difficulties, affecting silver... 

Chilean regulator charges Codelco smelter over emissions violation

Chile's environmental regulator has filed a charge against State-run miner Codelco over alleged emissions violations at its Potrerillos copper smelter in the Atacama region. The Superintendency of... 

Vodacom not looking for other M&A deals after blocked Maziv merger

South Africa's biggest telecoms operator Vodacom said on Monday it will not look into other M&A deals after its proposed merger with fibre group Maziv was blocked by regulators last month. The... 

Liontown Resources trims output plans for Kathleen Valley, flags cost cuts

Australia's Liontown Resources trimmed its production plans for the flagship Kathleen Valley lithium project on Monday and flagged cost cuts to adapt to low metal prices, months after producing its...