Resolute Mining slumps after Mali detains CEO, two other employees

Shares of Australian gold miner Resolute Mining plunged 32% on Monday in their worst day in 16 years, after three of its employees including CEO Terence Holohan were detained by government... 

China's October coal imports rise 29% year-on-year

China's coal imports rose 29% in October from a year earlier, customs data showed on Thursday, putting imports on track to notch another record high in 2024. October imports totalled 46.25-million... 

South Africa concerned Trump election will impact climate talks

South Africa is concerned by the impact Donald Trump's election as the next president of the United States may have on talks to tackle climate change, its environment minister said on Friday.... 

MP Materials posts smaller-than-expected loss on higher output, sales

US rare earths miner and processor MP Materials on Thursday reported a smaller-than-expected loss in the third quarter, helped by higher production and sales volumes of the strategic materials. MP... 

Iron-ore falls ahead of China unveiling fresh fiscal stimulus

Iron-ore futures slid on Friday, as investors adopted a cautious stance amid continuously falling demand and ahead of top consumer China unveiling its keenly-watched fiscal stimulus package. The... 

Codelco touts October as best production month this year

Chile's State-run copper company Codelco registered its best production of the year in October, chairman Maximo Pacheco said on Thursday. The world's top copper miner has been struggling to lift... 

Ahead of Rio Tinto buyout, Arcadium's profit dips on sliding lithium prices

Arcadium, the lithium producer that has agreed to sell itself to Rio Tinto, posted an 82% drop in quarterly income on Thursday that missed Wall Street's expectations due to sliding prices of the... 

Australia's HESTA places MinRes on watchlist over governance woes; Moody's downgrades outlook

Australian superannuation fund HESTA said on Friday it has placed Mineral Resources on its watchlist, citing disappointment with the company's inadequate response to governance issues involving... 

Gold ETF demand turns positive for year-to-date, says WGC

Global physically-backed gold exchange-traded funds (ETFs) saw inflows for the sixth straight month in October, with year-to-date flows turning positive for the first time this year, the World Gold... 

Barrick Gold misses profit estimates on higher costs, lower Nevada production

Canada's Barrick Gold missed Wall Street estimates for third-quarter profit on Thursday, weighed down by higher costs and lower production at its Nevada mines. Total gold output at Nevada Gold... 

South African rand recoups some losses against dollar

South Africa's rand recouped some losses on Thursday, a day after emerging market assets took a hit following Donald Trump's win in the US election. At 0820 GMT, the rand traded at 17.5175 against... 

Grindrod suspends port operations in Mozambique after border closure

Logistics company Grindrod has suspended port and terminal operations in Mozambique after South Africa temporarily closed the main border with its northeastern neighbour over safety concerns after... 

2024 will be world's hottest on record, EU scientists say

This year is "virtually certain" to eclipse 2023 as the world's warmest since records began, the EU's Copernicus Climate Change Service (C3S) said on Thursday. The data was released ahead of next... 

US sets stage for second oil and gas auction in Alaska refuge

The Biden administration took a key step toward holding a required sale of oil and gas leases in an Alaska wildlife refuge with the publication of a final environmental review, the Interior... 

Nutrien misses third-quarter profit estimates as lower crop prices weigh

Nutrien fell short of Wall Street expectations for third-quarter profit on Wednesday, as the fertilizer producer struggled with lower crop prices, sending US-listed shares of the company down 2.3%... 

Rio Tinto exec asks Trump Administration to speed up permitting

US President-elect Donald Trump's new administration should focus on speeding up the permitting process to ensure there is enough copper for the energy transition, said a Rio Tinto executive on... 

Commodity prices fall after Donald Trump elected US President

Commodities from oil and gas to metals and grains dropped on Wednesday as the dollar rallied and victory for Republican Donald Trump in the US presidential election stoked concerns about tariffs... 

Trump return will slow, not stop, US clean energy boom

Donald Trump's return to the White House will refocus the nation's energy policy onto maximising oil and gas production and away from fighting climate change, but the Republican win in Tuesday's... 

Trump claims 'powerful mandate' after Fox News projects he has won US presidency

Republican Donald Trump claimed victory in the 2024 presidential contest after Fox News projected that he had defeated Democrat Kamala Harris, which would cap a stunning political comeback four... 

Commodities under pressure on likely Trump win in US Presidential race

Commodities from oil to metals and grains slid on Wednesday as the dollar strengthened, with investors increasingly pricing in that Donald Trump will win the US Presidential election. Trump has... 

Suez Canal Economic Zone set for rapid expansion – chairperson

Egypt's Suez Canal Economic Zone (SCEZ) has invested $3-billion on infrastructure over the past few years and has plans to invest a similar amount over the next few years as it works to attract... 

Delay in Chile mining permits a serious problem, says local head of Freeport

An extended delay in enacting reforms in Chile aimed at expediting mining permits represents a "serious" problem for the industry in the world's top copper-producing country, the local head of US... 

Copper drops as dollar strengthens on early US election results

Copper fell along with most metals, weighed down by a rise in the dollar as results of the US election started to come in. Votes were still being counted and polls remained open in many key states... 

Codelco seeks permit for $650m Andina water project

Chile's state copper giant Codelco has applied for an environmental permit for a $650-million project to make water use in its Andina mine more sustainable, the company said on Tuesday. The plan... 

South Africa's private sector growth sustained in October as costs fall, PMI shows

South Africa's private sector maintained its growth trajectory in October, bolstered by a decline in business costs and selling prices, a Purchasing Managers' Index (PMI) survey showed on Tuesday.... 

World's first wooden satellite, developed in Japan, heads to space

The world's first wooden satellite, built by Japanese researchers, was launched into space on Tuesday, in an early test of using timber in lunar and Mars exploration. LignoSat, developed by Kyoto... 

Canada proposes sharp cut in oil and gas sector emissions by 2030

The Canadian government on Monday released draft regulations that would cap emissions of greenhouse gases from the oil and gas sector by 35% from 2019 levels, slightly less than initially... 

Blocked Vodacom merger derails South African telcos M&A push, analysts say

The Competition Tribunal's decision to block a merger between Vodacom and a major fibre operator will likely derail a push by South African telecoms firms to use big M&A deals as a shortcut to... 

Rusal raises bar in Nornickel dispute with fresh claims against Potanin

Aluminium giant Rusal has added fresh claims to its legal dispute against Russian billionaire Vladimir Potanin, CEO and largest shareholder of metals producer Nornickel, court documents seen by... 

Botswana's new President aims to clinch De Beers diamond sales pact soon

Botswana's new president, Duma Boko, said on Friday he wanted to conclude talks for a new sales pact with global diamonds giant De Beers as soon as possible. De Beers, a unit of mining company... 

Canada to unveil long-awaited plan for emissions cap on oil and gas sector

Canada will on Monday unveil the details of its long-awaited plan to cap emissions of greenhouse gases from the oil and gas sector, an idea that the energy industry and some provinces strongly... 

South Africa looks to Africa and China ties as global trade fences go up

South Africa's trade minister said his country is pursuing more robust trade and investment ties within the continent and with China - its biggest trade partner - as the global trade environment... 

Abandoned copper mines embraced as fast track to boost output

In the race to secure copper for the clean energy transition and artificial intelligence applications, a range of companies are firing up abandoned assets once seen as financial liabilities to... 

Argentina Lithium wins local authority approval to kick off exploration push

Local mining officials in northwest Argentina have approved a two-year permit for Argentina Lithium & Energy to kick off exploration efforts in the Paso de Sico concession, the company said on... 

Environmentalists sue over US approval of ioneer's Nevada lithium mine

Environmental and Indigenous groups on Thursday filed a lawsuit challenging the US Interior Department's approval of ioneer's Rhyolite Ridge lithium mine in Nevada, the first domestic source of the... 

Sumitomo resumes production at Madagascar's nickel project

Japanese trading house Sumitomo Corp said on Thursday it was slowly resuming production at the Ambatovy nickel and cobalt project in Madagascar after last month's pipeline issue and is reviewing... 

Copper output from Chile's Codelco down nearly 5% this year, but recovery expected

Chile's State-owned miner Codelco reported 918 000 metric tons of its own copper output from January through September, down 4.9% from the first nine months of last year, a filing to the country's... 

Canadian Natural Resources posts Q3 profit drop on lower crude prices

Canadian Natural Resources posted a drop in third-quarter profit on Thursday, as the energy producer took a hit from a decline in production and lower crude prices. Global oil prices dropped... 

UBS expects copper price to average $10 500/t in 2025

UBS said on Thursday that increasingly tighter supplies of copper in the coming six to 12 months could lead to a deficit of more than 200 000 t in 2025, as demand grows for the metal key to energy... 

South Africa seeks billions in climate funds as it keeps coal plants open

South Africa pledged to slash emissions across its fleet of coal-fired power plants in a bid to secure $2.6-billion in climate finance. That’s despite seeking to alter the terms of a 2022 agreement...