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... 

La Nina may affect weather from September, says WMO

A return of La Nina may start to affect global weather patterns from September, the World Meteorological Organization (WMO) said on Tuesday, adding, however, that temperatures are still likely to... 

Dollar inches up as gold hovers near record high of $3 508/oz

The US dollar clawed back some ground in Asian trading on Tuesday following five days of selling, ahead of the return of US traders from the Labor Day holiday. The dollar index was last up 0.2% at... 

World Bank urges fresh push on economic threat of pollution

Degraded land, polluted air and water stress pose a direct global economic threat but using natural resources more efficiently could cut pollution by half, one of the World Bank's senior managing... 

South African rand softens as dollar inches up

The South African rand softened in early trade on Tuesday ahead of the return of US traders from the Labor Day holiday. At 0611 GMT, the rand traded at 17.6450 against the dollar, about 1% weaker... 

Glencore plans job cuts at South African ferrochrome and vanadium operations

Glencore said on Monday that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant economic pressures... 

China's August coal imports hit 8-month high, still below year-ago levels

China's coal imports hit an eight-month high in August, customs data showed on Monday, supported by higher domestic prices, although volumes remained below the levels seen a year earlier. The... 

South African rand steady before manufacturing PMI and car sales figures

The South African rand was stable in early trade on Monday, before the release of a purchasing managers' index (PMI) survey for the local manufacturing sector and vehicle sales data. At 0539 GMT... 

Energy exec tasked with speeding up project approvals in Canada

Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a... 

South Africa launches G20 taskforce to examine global wealth inequality

South African President Cyril Ramaphosa on Thursday launched a G20 experts taskforce to examine global wealth inequality and its impact on growth, poverty and multilateralism – the first initiative... 

US-backed TechMet's new trading unit to boost ex-China critical mineral flows

US government-backed investment vehicle TechMet is launching a trading arm for critical minerals to specialise in the burgeoning market for Western supplies of materials in which China is dominant,... 

US energy data agency, after staff cuts, delays reports on uranium, international outlook

The US government's energy statistics arm, which has experienced staff cuts this year, said on Thursday it will delay publishing key energy data on uranium as well as its international outlook this... 

Cameco flags 2025 production hit amid McArthur River mine transition delays

Canadian uranium supplier Cameco said on Thursday the development delays in transitioning the McArthur River mine in Saskatchewan to new mining areas are expected to impact its 2025 production... 

Codelco-SQM lithium deal to close before Boric's 2026 exit

Chile's newly appointed Economy Minister Alvaro Garcia expects state-run copper producer Codelco and local miner SQM to finalise a major lithium partnership deal before the current administration... 

South African rand little changed after local producer inflation figures

The South African rand was little moved on Thursday after the release of higher-than-expected domestic producer inflation figures. At 1045 GMT the rand traded at 17.6625 against the dollar, near... 

Polyus' first-half profit jumps 20% on high gold prices

ussia's largest gold producer Polyus posted a 20% year-on-year jump in first-half profit to $1.4-billion on Wednesday, reflecting high global prices that offset reduced sales. The company's board,... 

China is capping coal production to support prices, top miner and analysts say

China has placed curbs on coal production following an unexpected supply increase in the first half of the year that weighed on prices, according to an official of a major mining firm and... 

Why the egusi? A Nigerian melon seed's journey into space

When Nigerian researcher Temidayo Oniosun chose a melon seed called the egusi to send up on a space mission, it wasn't just about science - it was about symbolism. The egusi, a staple in many West... 

'Jaw-droppingly weird' dinosaur from Morocco was studded with spikes

Around 165-million years ago on a coastal floodplain in what is now Morocco lived one of the most extreme dinosaurs on record, lavishly adorned with armor and spikes - some about three feet (one... 

KoBold Metals granted seven Congo lithium exploration permits

KoBold Metals, the mining company backed by US billionaires Jeff Bezos and Bill Gates, has received seven permits to search for lithium and other minerals in the Democratic Republic of Congo, it... 

Escondida mine union warns of self-driving truck accidents

Two recent accidents involving autonomous trucks are raising safety concerns, a workers' union at BHP's Escondida mine in Chile, the world's largest copper mine, said in a statement on Wednesday.... 

Hudbay Minerals resumes operations in Snow Lake after evacuation orders lifted

Canadian mining company Hudbay Minerals on Wednesday said it has resumed operations in Snow Lake, Manitoba, following the decision made by the authorities to lift the mandatory evacuation order on... 

Lynas flags uncertainty over Texas rare earths plant, posts profit slump

Australia's Lynas Rare Earths warned of considerable uncertainty over the future of its heavy rare-earths processing plant in Texas and also reported a steeper-than-expected drop in its annual... 

South32 sees limited risk of Indonesia replicating nickel success in alumina

Australian diversified miner South32 is closely watching alumina developments in Indonesia to see whether they will drag down prices in the global market the same way its nickel industry has, CEO... 

Kyrgyzstan begins mining gold at Kumtor deposit after nationalisation

Kyrgyzstan on Wednesday began underground gold mining at Kumtor, one of the largest deposits in Central Asia, which the government said could hold as many as 147 metric tons of gold reserves.... 

Hochschild slashes gold production forecast from Brazilian mine, shares plummet

Britain's Hochschild Mining slashed full-year production forecast for its Mara Rosa mine by more than half on Wednesday, months after a shutdown due to lacklustre gold output, sending shares down... 

Freeport Indonesia to wrap up Gresik plant repairs by early September

Copper miner PT Freeport Indonesia expects to complete in early September repair work at its joint-venture smelter in East Java, a company spokesperson said on Wednesday. Repairs at an oxygen... 

South African rand weakens as dollar firms

The South African rand slipped on Wednesday, as the dollar made a tentative rebound, while concerns lingered over the independence of the US Federal Reserve. By 0925 GMT the rand was trading at...