South Africa's current account deficit widens to 1.1% of GDP in second quarter

South Africa's current account deficit widened to 1.1% of gross domestic product in the second quarter of 2025, from a revised 0.6% deficit in the first quarter, central bank data showed on... 

South Africa in talks with Chinese automakers to boost local production

South Africa is in talks with Chinese automakers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government... 

White House tariff update on gold bars a 'welcome development,' LBMA says

The White House update to its tariff schedule is a "welcome development" after challenges caused by a recent US Customs ruling on gold bars, the London Bullion Market Association said on... 

Newmont applies for voluntary delisting from Toronto Stock Exchange

Newmont has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday. The move, expected to... 

South African rand steady ahead of US inflation report and local data

The South African rand was steady in early trade on Wednesday with investors keeping an eye on US inflation reports due this week and key domestic releases that will offer clues on the health of... 

BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth

Top global miner BHP's focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53-billion tie-up of Anglo American and Teck... 

Nissan explores hybrid rollout in South Africa to smooth the shift to EVs

Japan's Nissan Motor Co is considering a rollout of hybrid cars that use its e-Power technology in South Africa as a way to help drivers move from petrol engines towards electric vehicles, a... 

Lithium miners slide worldwide as CATL seen resuming China mine

Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) shuttered Yichun mine is likely to resume... 

Coal subsidies, policy instability threaten Asia's energy transition

Asia's clean energy push will stall unless governments curb fossil fuel subsidies, offer stable policy direction and invest in upgrading grids, industry executives said on Wednesday. The... 

ANZ hikes gold price forecast to $3 800 on solid investment demand

Australian lender ANZ Group raised its year-end gold price forecast to $3 800/oz on Wednesday and expects prices to peak near $4 000 by next June, supported by strong investment demand for... 

Teck cannot control a bidding war, focused on completing Anglo merger, CEO says

Teck Resources will focus on obtaining approval to close its proposed merger with Anglo American, Teck's CEO told Reuters on Tuesday, adding that it wouldn't be able to control any bidding war the... 

South Africa has sent officials to US for trade talks, president says

South Africa has sent officials to the United States to prepare for trade negotiations after attempting for months to strike a deal with the Trump administration to roll back steep tariffs,... 

Anglo Teck agreement binds assets of 'extraordinary value', says head of Chile's Codelco

The agreement between Anglo American and Teck brings together assets of "extraordinary value," the chairman of Chile's state-run copper producer Codelco, Maximo Pacheco, told Reuters on Tuesday.... 

Yichun lithium mine expected to resume production soon, Securities Times reports

Chinese battery giant Contemporary Amperex Technology (CATL) is expected to soon resume production at a lithium mine in Yichun in southern China's Jiangxi province, state media Securities Times... 

US enlists 'Amerikaners' group in refugee scheme for white South Africans

A group called Amerikaners, set up by white South Africans hoping to take up US President Donald Trump's offer of resettlement, has been enlisted by his administration to help identify suitable... 

Iron-ore rallies on Simandou supply concerns, restocking demand

Iron-ore futures climbed for a sixth straight session on Tuesday, driven by mounting concerns over supply prospects from the giant Simandou project in Guinea, coupled with expectations of improving... 

Freeport halts Indonesia's Grasberg mining operations after underground incident

Freeport-McMoRan said on Tuesday it temporarily halted mining in Indonesia's Grasberg minerals district after a large flow of wet material blocked access to parts of its underground mine,... 

Ethiopia launches massive hydropower dam against bitter Egyptian opposition

Ethiopia officially inaugurates Africa's largest hydroelectric dam on Tuesday, a project that will provide energy to millions of Ethiopians while deepening a rift with downstream Egypt that has... 

South African rand softer before GDP data, analysts expect modest growth

The South African rand softened in early trade on Tuesday before the release of second-quarter gross domestic product (GDP) data, which is expected to show economic growth picked up from the first... 

Glencore's former head of recycling launches critical minerals processing firm

The former head of Glencore's recycling business is launching a US-based metals processing company with the goal of lowering the cost and time to refine copper and other critical minerals. The... 

Anglo American nears deal to acquire Teck Resources for $20 billion, FT reports

Anglo American is nearing a deal to acquire Canadian miner Teck Resources that could value it at about $20-billion, Financial Times reported on Monday, citing people familiar with the matter. The... 

African leaders seek to offer climate model after US pullback

African leaders aim to offer a global model for tackling the climate crisis through green investments, they said on Monday, after the United States' withdrawal from the Paris climate agreement... 

Nutrien to sell its stake in Argentina's Profertil for $600m

Nutrien said on Monday it will sell its 50% stake in Argentina-based nitrogen producer Profertil for $600-million as the world's top potash producer looks to rein in expenses and shift focus to... 

Arrow shifts into capital preservation mode as Guinea uncertainty drags on

Australia-listed Arrow Minerals has suspended all project-based activities and cut corporate costs as uncertainty over the status of its exploration permits in Guinea continues to weigh on the... 

South African rand steady with domestic GDP figures in focus

The South African rand was stable on Monday as markets awaited the release of local gross domestic product (GDP) figures, along with mining, manufacturing and current account data, for clues on the... 

China August iron-ore imports stay high as mills prepare for peak season

China's iron-ore imports in August climbed 0.6% from July, as lower prices encouraged sustained buying and as mills prepared for the peak steel demand period in September. The world's largest... 

Kazatomprom seeking more ventures abroad, tripling exploration

Kazatomprom, the world's largest uranium producer, announced on Friday plans to triple its exploration activities in Kazakhstan and explore international expansion opportunities, following recent... 

Transnet reports smaller full-year loss

State-owned logistics group Transnet on Friday reported a smaller loss of R1.9-billion in the financial year to the end of March, down from a R7.3-billion loss in the previous year. The... 

Uranium demand set to surge 28% by 2030 as nuclear power gains momentum, WNA says

Uranium demand for nuclear reactors is expected to jump by almost 30% in the next five years as more governments rely on nuclear power to meet zero-carbon targets, the World Nuclear Association... 

South African rand edges up after foreign reserve data

The South African rand gained in early trade on Friday, after central bank data showed that the country's foreign reserves increased last month. South Africa's net foreign reserves rose to... 

Indian coal prices to be lower after tax revision, industry officials say

Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is... 

Vale reopens key mine, plans to invest $12bn in Minas Gerais

razilian miner Vale said on Thursday it will invest 67-billion reais ($12.36-billion) in its mining operations in Minas Gerais state by 2030, as it held a ceremony to mark the reopening of a key... 

Australian PM Albanese spoke to Trump about critical minerals and security​

Australian Prime Minister Anthony Albanese discussed opportunities for Australia and the United States to cooperate on critical minerals in a phone call with President Donald Trump on Thursday... 

South Africa's sugar farmers face 'double whammy' from Trump tariffs, cheap imports

Nkosinathi Msweli's sugar cane farm in KwaDukuza - a rural, largely poor region on South Africa's eastern coast - has for three decades been a solid, albeit small, economic success story, employing... 

Congolese women turn to mining for survival after jihadist attacks

Maman Soki is among a small group of Congolese women undertaking heavy mining work for survival after escaping a deadly attack on her village by Islamic State-alligned rebels that killed her... 

Philippines targets fairer share from mining with new tax law

Philippine President Ferdinand Marcos Jr signed into law on Thursday a measure overhauling the country's mining tax system to ensure a more equitable share of revenues for the government and... 

UN committee says Portugal kept information on lithium mine from public scrutiny

Portugal has breached an international treaty by preventing the public from accessing key information about Europe's largest lithium mining project during its environmental licensing process, a UN... 

Iron-ore extends gain as Goldman Sachs lifts fourth-quarter price forecast

Prices of iron-ore futures climbed for a second straight session on Wednesday, as Goldman Sachs raised its average price forecast for the fourth quarter of this year to $95 a metric ton from $90 a... 

South African rand weaker before PMI survey, US data

South Africa's rand weakened in early trade on Wednesday ahead of the release of a purchasing managers' index survey and as global markets awaited the release of key US data for further clues on... 

Looming Fed rate cuts fuel gold price bonanza to records

Gold's latest rally, triggered by expectations of US rate cuts, concerns about Federal Reserve independence and strong demand from investors as well as the central bank, is likely to propel prices...