South Africa’s top lender plans private bank for Ghana’s wealthy

A unit of FirstRand, South Africa’s biggest bank by market capitalisation, plans to set up private banking services in Ghana and bolster its offerings in four other markets to tap the continent’s... 

Rare earths miner Lynas climbs as trade war roils global markets

Lynas Rare Earths, backed by Australia’s richest person Gina Rinehart, has been the most resilient stock on the country’s index since the market turmoil started last week. Since US President... 

Trade war risks copper investments needed to meet future demand

The copper industry is turning attention to how the escalating trade war between the world’s biggest economies will affect investments needed to meet future demand for the wiring metal. US... 

Chinese rare earth shipments held up as trade war upends exports

Chinese exports of rare-earth minerals are all but on hold as producers grapple with tighter permit requirements following last week’s new restrictions on the critical materials in an escalating... 

Australian billionaire to face deposition in Tudor Jones suit

Australian mining billionaire Andrew “Twiggy” Forrest was ordered to sit for a seven-hour deposition as his US legal battle intensifies with hedge fund mogul Paul Tudor Jones II over a soured green... 

Zimbabwe debt woes grow as State mining firm faces asset seizure

A State-owned Zimbabwean mining firm is trying to protect assets that risk being seized because the country failed to honour a debt incurred when it lost an international arbitration case over... 

Carney pledges to speed permits, make Canada ‘energy superpower’

Prime Minister Mark Carney pledged to make Canada the world’s “leading energy superpower” through a plan that includes establishing a single office that would decide on major projects within two... 

Gold edges up after levy chaos drives biggest gain in 18 months

Gold edged higher after posting its biggest one-day gain in 18 months, as confusion over US President Donald Trump’s tariff agenda drove investors to buy the precious metal as a haven. During a... 

US envoy sees Alphamin reopening DRC tin mine as rebels depart

Alphamin Resources could soon resume operations at one of the world’s biggest tin mines located in the Democratic Republic of the Congo (DRC) after Rwanda-backed rebels withdrew from the area, a... 

Glencore ex-CEO Glasenberg buys shares for first time since 2015

Glencore’s former chief executive officer and largest shareholder Ivan Glasenberg added to his stake for the first time in a decade after a share-price rout triggered by Donald Trump’s sweeping... 

Trump order seeks to tap coal power in quest to dominate AI

President Donald Trump is moving to expand the mining and use of coal inside the US, a bid to power the boom in energy-hungry data centers while seeking to revive a declining US fossil fuel... 

Euronext CEO says investors pull gold out of US over uncertainty

Euronext CEO Stephane Boujnah said some European investors are so unsettled by the trade policies of the Trump administration they are starting to move gold out of the US. “We’re witnessing a... 

Chinese buyers snapped up copper as prices plunged below $8 500

Chinese copper buyers used Monday’s collapse in prices below $8500 a ton to significantly increase purchases, traders said, helping to trigger a dramatic rebound even as a rout in other global... 

Canada’s Poilievre says he would approve Suncor oil project, mines

The leader of Canada’s Conservative Party said he would accelerate approval on 10 resource projects if elected, including the extension of a major Suncor Energy oil sands mine in Alberta. Pierre... 

Codelco boss keeps faith in copper fundamentals amid market rout

Codelco, the world’s biggest copper supplier, says physical demand for the metal has remained strong amid all the upheaval in financial markets triggered by US President Donald Trump’s trade war.... 

Australian state plans to upgrade coal plant to extend lifespan

Australia’s Queensland will upgrade units of a coal power station originally planned for closure in 2028 and assess its lifespan, according to the state government. Queensland invested more than... 

Copper plunges more than 5% as tariffs hammer metals and miners

Copper plunged more than 5% to trade below $9 000 a ton, in the biggest drop since July 2022, as worries over the impact of a worsening trade war sparked a heavy selloff in industrial metals and... 

US lawmakers revive call for review of South African relations

Two US lawmakers introduced a bill to review South Africa’s ties with Washington, alleging that it supports America’s adversaries. Ronny Jackson, a Texas Republican, said his proposed legislation... 

Zimbabwe’s plan to drop the dollar is faltering on ZiG crunch

A liquidity crunch in Zimbabwe is deepening the economy’s embrace of the US dollar and undermining the bullion-backed currency introduced by the government almost a year ago. The ZiG, short for... 

South Africa targets development finance giants for funds to revive cities

South Africa, already counting on a $1-billion loan from the World Bank to regenerate its rundown cities, is seeking funding from some top global development-finance institutions to help with the... 

Malaysia smelting warns of disrupted tin output after gas blast

Malaysia Smelting Corp., one of the world’s biggest tin producers, has reported disruptions to deliveries from its Port Klang smelter after a pipeline explosion interrupted gas supply, exacerbating... 

US tariff blitz bolsters Goldman’s bearish view on iron-ore

A cascade of US tariffs announced by President Donald Trump will hurt Chinese steel exports and help to drag iron ore prices below $90 a ton by the end of the year, Goldman Sachs Group said in a... 

Trump administration backs African Lobito rail plan, envoy says

The US said it remains committed to the Lobito Corridor project that links critical minerals deposits in central Africa to an Atlantic port, signaling a bright spot in trade with the continent... 

Clarity sought on critical minerals as US floats trade probe

The White House is floating the idea of potentially launching a tariff investigation into critical minerals imports, causing further confusion on a key market prioritized by President Donald Trump.... 

Rush to get gold to the US halts abruptly with tariff exemption

A massive arbitrage trade that has drawn tens of billions of dollars’ worth of gold and silver to the US came to an abrupt halt with Wednesday’s announcement that precious metals would be exempt... 

South Africa’s coalition teeters as Budget shows widening rift

South Africa’s ruling coalition risks unravelling after a dispute between its main members over proposed tax increases deepened, pummelling the rand. Tensions within the alliance were already... 

Investment banker says uncertainty imperils South Africa’s deals

Fractures within the South African government — along with global macroeconomic uncertainty — are weighing on dealmaking activity in the continent’s largest economy, according to one of the... 

An American mine still has millions of tons of copper, if companies can get to it

Carved into a mountain range in Arizona’s Sonoran Desert, where temperatures often reach 118F (48C), a vast mining complex more than a century old is on the front lines of a race to unlock millions... 

Namibia holds talks with Russia over nuclear energy partnership

Namibia’s President Netumbo Nandi-Ndaitwah held talks with Russian Deputy Prime Minister Yury Trutnev seeking to boost cooperation on nuclear energy in Africa’s biggest uranium producer.... 

Codelco will send copper concentrate to Adani smelter in India

Codelco has agreed to supply copper concentrate to Indian billionaire Gautam Adani’s smelter in India, as part of a push by the world’s biggest copper miner to open up new markets. The Chilean... 

Gold holds ground below record ahead of Trump’s tariff reveal

Gold steadied as the market took a break from a record-setting run ahead of US President Donald Trump’s implementation of sweeping “reciprocal” tariffs, which are expected to take effect later... 

Trade war saps Canadian share-sale market despite metals deals

Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up. Canada-listed firms raised just... 

Expropriation needed for South African growth, Macpherson says

South Africa needs an effective and fair land expropriation law to help ignite economic growth and revamp its dilapidated cities, the country’s public works and infrastructure minister said. The... 

Botswana seeks new Eskom power deal as supply crisis deepens

Government officials from Botswana will meet with South Africa’s electricity ministry this week after power-import costs more than doubled, worsening a supply crisis. Breakdowns at Botswana’s main... 

Mozambique starts review of mining, oil and gas laws

Mozambique has started a process to review and modernise the southeast African nation’s legal framework for mining, oil and gas, the Ministry of Mineral Resources and Energy said Monday. The... 

Gold’s rally powers South African miners to best month on record

The surging gold price has propelled South African mining stocks to their best monthly performance on record, shielding the country’s benchmark index from the mayhem in global markets. An index of... 

As US cuts HIV assistance, South Africa turns to miners, insurer

Weeks after the administration of US President Donald Trump gutted the country’s aid programs, cancelling billions of dollars of funding used to fight HIV in Africa, mining companies and South... 

Mining’s king of private capital says governments must intervene

Oskar Lewnowski has a good claim to be the poster boy for private capital in mining. A former investment banker who quit the legendary London-based commodity hedge fund Red Kite to start out on... 

Trump push for potash won’t be enough to replace imports

President Donald Trump has included potash among the minerals that need an immediately ramp up in US production. That’s unlikely to significantly break America’s reliance on fertiliser imports.... 

Uranium market freezes as tariff threats rattle would-be buyers

The North American uranium market is grinding to a halt as US nuclear-power companies spooked by President Donald Trump’s tariff threats slow purchases and delay new contracts. US utility...