Gold hits record high as tariff uncertainty fuels safe-haven demand

Gold prices scaled a record peak above the crucial $3 000-mark on Tuesday for the second time in a week, as investors sought cover from economic concerns fuelled by US President Donald Trump's... 

Trump-driven turbulence draws new investors into gold

Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market's... 

New Canadian PM says he can work with Trump

Ex-central banker Mark Carney was sworn in as prime minister of Canada on Friday and immediately said he could work with US President Donald Trump, who is promising tariffs that could devastate the... 

TotalEnergies faces French manslaughter probe over Mozambique attack

French prosecutors have opened an investigation into TotalEnergies over potential manslaughter and a failure to assist people in danger during a jihadist attack in Mozambique, the energy firm said,... 

US expels South Africa's ambassador, calling him 'race-baiting' Trump hater

The US is expelling South Africa's ambassador, Secretary of State Marco Rubio said, calling the envoy a "race-baiting politician" who hates President Donald Trump. Ties have slumped since Trump cut... 

ExxonMobil Australia, Woodside approve final investment decision for A$350m gas project

ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting... 

India proposes to set up trading exchange for domestic coal

India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice... 

Aluminium giant Rusal posts near three-fold profit jump as costs drop

Russia's Rusal on Friday reported a near three-fold jump in its annual earnings, reflecting lower production costs and higher prices for aluminium. Hong Kong-listed Rusal, the world's largest... 

Fitch thinks S Africa will struggle to stabilise debt as projected in budget

Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget. "South Africa's 2025 budget, unveiled on... 

Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine

Australia's AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China's Zijin Mining over the Manono lithium mine rights, and is in talks with US... 

US approves $5bn loan to TotalEnergies for Mozambique gas project

The board of the US Export-Import Bank approved a nearly $5-billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French... 

Bowen Coking Coal narrows half-year loss

Australian miner Bowen Coking Coal has reported a significantly improved financial performance for the first half of 2025, narrowing its loss to A$8.7-million, a substantial reduction from a... 

US approves expansion of Montana coal mine

The Trump administration approved a plan to expand a Montana coal mine and extend its life by 16 years, the Interior Department said on Thursday, a move aligned with President Donald Trump's goal... 

EU announces €4.7bn investment package for South Africa

EU leaders announced a €4.7-billion investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades. The... 

Southern African bloc to withdraw troops from Congo in phases

The Southern African Development Community said on Thursday that a summit of regional heads of state had terminated the mandate of its troop deployment in the Democratic Republic of Congo and... 

Potash miner K+S beats 2024 core profit forecast

German potash and salt miner K+S beat 2024 core profit expectations on Thursday as higher sales volumes from agriculture customers helped to offset lower potash prices. The group reported earnings... 

Workers sign petition for collective bargaining at Rio Tinto's Pilbara mine

Australia's Western Mine Workers Alliance (WMWA) said on Thursday that more than 400 workers at Rio Tinto's Paraburdoo iron-ore mine in Pilbara region have signed a petition to support collective... 

Freeport Indonesia hopes to get copper export permit soon

Copper miner Freeport Indonesia hopes to secure a permit soon to export copper concentrate, after the Mining Minister approved a revision of its annual business plan, the company's CEO said on... 

EIB reviews financing for $760m hydro project over DRC war

The European Investment Bank (EIB) is holding off on decisions to finance the $760-million Ruzizi III hydropower plant in Central Africa, due to fighting between Rwandan-backed rebels and the... 

Budget may be tweaked further, Godongwana says

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance... 

Freeport Indonesia lowers 2025 output target by 9.9%

Copper miner Freeport Indonesia has lowered its 2025 concentrate output target by almost a tenth to 3.29-million tons and is aiming for copper output of 1.67-billion pounds (757 499 metric tons),... 

Drill more, mine more on public lands, US interior secretary urges

US Interior Secretary Doug Burgum told a packed room of energy executives on Wednesday that he wants their industries to ramp up drilling and mining on America's public lands, telling the crowd:... 

Barrick must pay dealmaker Hannam $2m over Randgold merger, UK court rules

anada's Barrick Gold must pay British dealmaker Ian Hannam's firm $2-million plus expenses for his work on the acquisition of gold miner Randgold Resources, London's High Court ruled on Wednesday.... 

Activist investor defies Woodside directors election citing climate risk, poor returns

The Australasian Centre for Corporate Responsibility (ACCR) expressed dissent on Thursday against all directors due for election at the upcoming annual general meeting of Woodside Energy, citing... 

South Africa to incentivise local EV production

South Africa will spend R1-billion to support the local production of new-energy vehicles and batteries, as well as related manufacturing projects, the National Treasury said on Wednesday. The... 

Nyrstar to cut output by 25% at Hobart zinc operations in Australia

Nyrstar will cut production by 25% at its Hobart zinc operations in Australia from April, the company owned by commodity trader Trafigura said on Wednesday, sending prices higher. "This decision... 

Accidents at giant Rio Tinto project kill more than a dozen workers, prompting inquiry

A routine night shift ended in tragedy for Alseny Camara. The 32-year-old was working for a Chinese subcontractor building a railway to reach Simandou - the world's largest new iron mining... 

Rhodium market hits 20-month high after Amplats' bid

Rhodium prices have leapt to their highest in 20 months, as buying interest from Anglo American Platinum (Amplats) coincided with strong demand and lower first-quarter output in South Africa, two... 

South Africa to remove luxury duty on lower value smartphones

South Africa's government has proposed to remove the luxury excise duty on smartphones worth below R2 500 from April 1 to support digital adoption for low-income households, the National Treasury... 

Spain to map out critical resources in raw material push

The Spanish government wants to map out the country's mineral resources with a particular focus on key raw materials as part of a broader plan unveiled on Tuesday to boost production and management... 

UAE's EGA reports lower net profit on bauxite suspension from Guinea, UAE taxes

Emirates Global Aluminium (EGA) on Wednesday reported a 23.5% decline in annual net profit for 2024 due to an impairment charge following the suspension of exports from its operations in Guinea and... 

Chinese users turn to off-exchange Congolese copper to ease supply tightness

China will import even more off-exchange refined copper this year, according to analysts and traders, as output from the Congo booms and users look to alleviate shortages and head off a potential... 

Indonesian miners group urges government to reconsider royalty hike plan

Indonesian Mining Association on Tuesday urged the government to reconsider a plan to hike royalty rates for mining products as miners are already struggling with rising operational costs and tight... 

Brazil’s red tape is ‘cooling’ investment, mining group says

The growing global demand for critical minerals could be a boon for Brazil, but the strict licensing process is holding back development, says the country’s former environmental chief who now heads... 

Australia's Santos to hike investment in US due to pro-energy policy - CEO

Australian oil and gas producer Santos will look to increase investments in the United States because of the pro-energy policies of US President Donald Trump's administration, Santos CEO Kevin... 

Chevron CEO urges lasting US energy policy, not extreme swings

Chevron would like to see durability in US energy policy rather than swings from one extreme to another, CEO Mike Wirth said on Monday. US President Donald Trump's first weeks in office during his... 

Freeport-McMoRan hopes Trump declares copper a critical mineral

Freeport-McMoRan hopes US President Donald Trump declares copper a critical mineral, a move that would unlock tax credits needed to boost American production of the red metal and offset global... 

JPMorgan downgrades South African equities on economic slowdown concerns

JP Morgan on Tuesday downgraded South African equities to "neutral" from "overweight," citing concerns over an economic slowdown and the effectiveness of the country's policy reforms. "While South... 

AFC chief pushes to unlock billions from African pension funds

The Africa Finance Corporation (AFC) said it is accelerating efforts to mobilise the continent's money for investments and tapping investors in the Middle East and Asia, as developing nations... 

Uzbek gold miner NMMC ramps up London IPO preparations

Navoi Mining & Metallurgical Co., one of the world’s largest gold producers, is eyeing a potential London listing this year that could value the Uzbekistan state-backed miner at £4-billion...