South African growth outlook has improved but inflation risks abound, central bank says at Davos

South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday. South African Reserve Bank... 

Eramet's Bories to step down as CEO, stay on as chair

Christel Bories will step down as chief executive of French mining group Eramet in May while remaining chairwoman, the company said on Tuesday. Bories, CEO since 2017, has overseen a shift in... 

Nigeria's telecoms regulator agrees to tariff hike by operators

Nigeria's telecoms regulator will approve a 50% increase in current tariffs following a request from telecommunications operators, in line with rising costs in Africa's most populous nation, it... 

Zimbabwe anticipates lithium prices to justify $270m project with China

Zimbabwe's State-owned Kuvimba Mining House expects to finalise this month a deal agreed with two Chinese companies as it sticks with its $270 million lithium project on the basis lithium prices... 

Glencore open to deals as investors brace for more mining M&A

Miner and commodity trader Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper producer. "As we have always... 

Trump says to unleash American fossil fuels, halt climate cooperation

President Donald Trump on Monday laid out a sweeping plan to maximize oil and gas production, including by declaring a national energy emergency to speed permitting, rolling back environmental... 

Investigating magistrate appointed in Belgium in Congo conflict minerals case

An investigating magistrate has been appointed in Belgium after Democratic Republic of the Congo in December filed criminal complaints accusing Apple subsidiaries of using so-called conflict... 

South Africa's focus on reforms not ratings, minister says at Davos

South Africa is focusing on implementing growth-enhancing reforms not regaining its investment-grade credit rating, which could take two years or more, its finance minister said on Monday. The... 

China buys less Russian coal in 2024 despite record imports

China, the world's top coal importer, bought less Russian coal in 2024 while increasing purchases from other key suppliers, led by Australia, during a record year for coal imports, customs data... 

South African police launch manhunt for gang leader of illegal mine

South African police have launched a manhunt for a Lesotho gang member believed to have controlled operations at an illegal gold mine where 78 bodies were recovered last week during a police siege,... 

Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74-billion in free cash flow over the next 37 years, based on consensus long-term prices, the CEO of joint... 

At least seven people killed by army at Ghana's AngloGold Ashanti mine

A Ghanaian small-scale miners' association on Sunday said soldiers killed nine unarmed people at an AngloGold Ashanti mine on Saturday night, while the army said seven illegal miners had been... 

South African police launch manhunt for gang leader of illegal mine

South African police have launched a manhunt for a Lesotho gang member believed to have controlled operations at an illegal gold mine where 78 bodies were recovered last week during a police siege,... 

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% US tariff on the metal by the end of the first quarter of this year. Analysts at the US... 

Australia iron-ore hub resumes operations after cyclone threat

Australia's Port Hedland, the world's largest iron-ore export hub, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority said on Monday. The port off the... 

Australian govt pledges A$2bn in green aluminium push

Australia's Labor government on Monday pledged A$2-billion in production credits to help support the country's four aluminium smelters switch to renewable power before 2036. Aluminium is one of... 

Biden boosts loan for ioneer's Nevada lithium mine to nearly $1bn

The US Department of Energy has finalized a $996-million loan for ioneer's Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296-million from a preliminary... 

IGO flags impairment on lithium hydroxide division

Australia's IGO warned of an additional net loss in its first-half results this year on Monday, citing a decline in value of its troubled Kwinana Lithium Hydroxide Refinery, which is grappling with... 

Rio Tinto to form new lithium unit after Arcadium buy, memo says

Anglo-Australian mining giant Rio Tinto plans to create a standalone lithium division after it closes its $6.7-billion acquisition of Arcadium Lithium, according to an internal memo seen by... 

Botswana expects 2025 economic growth rebound on better diamond market

 Botswana's economy is expected to grow 3% to 4% in 2025 after a contraction last year, a senior government official said at a budget workshop on Friday, as the global diamond market is anticipated... 

China copper and gold firm continues spending spree with $1.9bn stake in lithium miner

Zijin Mining Group, an acquisitive Chinese copper and gold producer, has agreed to buy around a quarter of a domestic miner for $1.9-billion as it seeks to expand into lithium. The mining giant... 

Standard Lithium and Equinor secure $225m US grant to develop lithium extraction facility

Standard Lithium said on Thursday SWA Lithium, a jointly-owned unit with energy firm Equinor, has closed on a $225-million grant from the US Department of Energy (DoE). The company said the grant,... 

Biden administration moves to protect more of Alaska refuge from drilling

President Joe Biden's administration on Thursday moved to put more of Alaska's Arctic National Wildlife Refuge off limits to oil and gas development, in a last-minute bid to complicate... 

Lynas flags challenging conditions ahead in rare earths market

Rare earths miner Lynas missed market forecasts for its second-quarter revenue and warned on Friday it expects tough market conditions to prevail in the coming quarter on subdued demand from China,... 

Amazon opens Cape Town walk-in centre as it strives for market-share

US e-commerce giant Amazon.com opened on Thursday a walk-in centre in South Africa that it says will help its independent sellers attract more customers and expand their businesses, while it also... 

Zambia says Saudi's Manara interested in its copper assets

Saudi Arabia's Manara Minerals is looking for critical minerals projects in Zambia to invest in, the Southern African country's mines minister Paul Kabuswe told Reuters on Thursday. Manara and... 

South Africa mine rescue ends, anger rises over 78 deaths in police siege

South African rescuers ended their attempts on Thursday to find anyone left in an illegal gold mine where at least 78 people died during a police siege, as a local volunteer described the horror of... 

Chile to lift copper output 6% in next decade, with peak in 2027

Chile, the world's No. 1 copper producer, will boost its output of the red metal to 5.54-million metric tons in 2034, representing a 5.6% increase from 2023, state-run copper commission Cochilco... 

South Africa mine rescue ends, anger rises over 78 deaths in police siege

South African rescuers ended their attempts on Thursday to find anyone left in an illegal gold mine where at least 78 people died during a police siege, as a local volunteer described the horror of... 

Tongaat Hulett Zimbabwe to lay off 1 000 workers amid currency crisis

Sugar producer Tongaat Hulett Zimbabwe plans to lay off 1 000 employees by August this year, a company official said, as it seeks to cut costs and survive the country's currency turmoil and... 

South Africa accused of 'horrific' crackdown as 78 corpses pulled from besieged mine

At least 78 illegal miners have been pulled out dead from a South African mine where police blocked food and water supplies for months in what trade unions described as a "horrific" State crackdown... 

South Africa accused of 'horrific' crackdown as 78 corpses pulled from besieged mine

At least 78 dead bodies have been pulled from an illegal gold mine in South Africa where police cut off food and water supplies for months, in what trade unions called a "horrific" crackdown on... 

Savannah seeks compulsory land purchases at Portuguese lithium mine

Savannah Resources is seeking Portuguese government approval for the compulsory purchase of land around its Barroso lithium mining project, in a test of Europe's commitment to boost its minerals... 

Footage shows trapped miners, dead bodies underground after South Africa raid

At least 400 illegal miners remained trapped underground in South Africa two months after a police raid, a group working on behalf of the miners said on Monday, which provided footage of dozens of... 

South Africa’s economy set to escape a decade of growth inertia

South Africa’s economy is set to forge an upward path this year after misfiring for more than a decade, boosted by steps to address growth constraints and higher consumer spending, according to... 

Barrick to suspend operations in Mali after gold seized

Canadian miner Barrick Gold said it will have to suspend mining operations in Mali after the government seized gold stocks from the company's Loulo-Gounkoto complex and flew them out by helicopter... 

MMG to resume work at Queensland mine with fire threat contained

Mining firm MMG said on Tuesday it expects to resume operations at its Dugald River zinc mine in Queensland later in the day after an approaching grassfire near its perimeter was contained. MMG,... 

China 2024 iron-ore imports hit record on resilient demand, steel exports

China's iron-ore imports in 2024 rose to a record high for a second year, customs data showed on Monday, as lower prices spurred buying while demand remained resilient due in large part to massive... 

Mali starts seizing gold stocks at Barrick site, company memo says

Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian miner said in a note to Malian staff, warning again that it may... 

As Trump renews push for Greenland, mineral wealth takes centre stage

US President-elect Donald Trump last week reiterated his interest in taking control of Greenland, a semi-autonomous territory of Denmark, which could be useful for the US because of its strategic...