Mali has shut Barrick Gold's office in Bamako over alleged non-payment of taxes, sources say

Malian authorities have shut the Canadian miner Barrick Gold's office in the capital Bamako over the alleged non-payment of taxes, two sources close to the matter told Reuters, in the latest... 

South African rand recovers further on bets coalition will hold

The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget. At 0725 GMT the... 

Ghana orders foreigners to exit gold market by April 30

Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from... 

Opec cuts global oil demand growth forecasts, citing US tariffs

Opec cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United... 

China to keep building coal plants through 2027

China plans to keep building coal-fired power plants through 2027 in regions where they are needed to meet peak power demand or stabilise the grid, according to government guidelines for upgrading... 

India's polished diamond exports hit two-decade low, industry group says

India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024/25 fiscal year, which ended in March, on sluggish demand from the United States and... 

Ramaphosa appoints Mcebisi Jonas as special envoy to US

President Cyril Ramaphosa on Monday announced former deputy finance minister Mcebisi Jonas as a special envoy to the United States. Jonas is currently independent non-executive chairman of... 

Rand gains on report ANC may scrap VAT hike

The South African rand strengthened on Monday, boosted by a news report that the country's biggest political party may back down on a plan to raise value-added tax (VAT) and dollar weakness on... 

South Africa moves closer to traded power market, top bank says

South Africa is on the cusp of starting a traded electricity market that will give consumers a choice of power products along with a range of pricing options, according to a top investment bank.... 

Zambia to resume work on power line link to Tanzania, World Bank official says

Zambia will resume construction of a power line linking it to East Africa, creating one of the largest energy markets in the world, a senior World Bank official said on Friday. Work on the... 

Restarting coal plants after Trump's executive orders makes no economic sense, report says

US President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute... 

Rand gains ground amid US trade moves and as ANC, DA set to meet

The South African rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists in the global trade war and the risk that South Africa's coalition... 

Copper output from Chile's Codelco slips 6% in February

Copper production from Chilean State-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons. Codelco is the... 

Gold surges past $3 200 as economic concerns reignite record rally

Safe-haven gold surpassed the key $3 200 mark for the first time on Friday, spurred by a weaker dollar and economic concerns due to an intensifying trade war. Spot gold jumped over 1% to $3 214.92... 

China speaks with Saudi Arabia, South Africa about response to US tariffs

China's Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States' "reciprocal tariffs", the Chinese... 

South Africa's February manufacturing output falls 3.2% y/y

South Africa's manufacturing output fell 3.2% year on year in February after falling by a revised 3.2% in January, statistics agency data showed on Thursday. Factory production rose 0.3% month on... 

Falling alumina price prods some China producers to begin maintenance

Chinese alumina producers, which rushed to expand capacity after prices surged last year due to short supplies of raw material bauxite, are being squeezed by falling prices, prompting some to shut... 

One in 10 Brazilian mines may be abandoned, study finds

Brazil has 3 943 mining sites showing signs of abandonment, or 11% of the country's authorized operations, according to a new study by think tank Instituto Escolhas, highlighting social and... 

Rand regains some ground after US pauses tariffs

South Africa's rand firmed in early trade on Thursday, recouping some of its recent loss as investors took a breather after US President Donald Trump announced an immediate 90-day tariff pause for... 

US lawmakers move to block IMF Central Africa support over oil fund dispute

US lawmakers have introduced legislation that could block International Monetary Fund support for some Central African countries, in an effort to guard billions of dollars that oil companies must... 

Trump's stunning tariff pause focuses trade war on China

US President Donald Trump's stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday even as he ratcheted up a... 

Peru mining chamber sees copper output up 2-4% this year

Peru's copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca. That would put Peru's copper... 

Mali State gold mining revenue jumps 52.5% in 2024

State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code entered into force, a mines... 

Tin hits two-month low as major mine in Congo resumes production

Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of... 

Mozambique backs Eni’s $7.2bn floating LNG project

Mozambique approved Eni’s $7.2-billion floating liquefied natural gas (LNG) project, the nation’s second led by the Italian major to export the fuel. The Coral Norte LNG vessel will have an annual... 

Angola's Sonangol seeks $4.8bn to bridge Lobito refinery funding gap

Angola's Sonangol is in talks with Chinese and European banks to overcome a $4.8-billion funding shortfall for its planned 200,000 barrel per day Lobito refinery, an executive with the State-owned... 

Congo hands over Americans jailed over failed coup as talks on minerals progress

Three American citizens jailed over a failed coup attempt in Democratic Republic of Congo were handed over to US custody on Tuesday, officials said, following high-level talks between the two... 

Rand near record low on tariff war, coalition friction

The South African rand traded near an all-time low against the dollar on Wednesday, bruised by global risk aversion linked to U.S. President Donald Trump's tariffs and uncertainty over the future... 

Europe seen struggling to compete with China on rare earths

urope will probably be able to produce only a small portion of rare earths it needs for electric vehicles and wind turbines by 2030, mainly due to cheap competition from dominant producer China, a... 

Rio Tinto hopes Trump provides favourable path for Resolution copper mine

Miner Rio Tinto sees US President Donald Trump's administration showing more interest in a bigger copper supply chain and hopes that will help push forward its Resolution mine project in Arizona,... 

Oil suffers biggest 5-day drop since 2022, metals plunge as trade war escalates

il prices fell to a four-year low on Wednesday in its worst five-day losing streak in three years, while several commodities, including base metals, tumbled as the trade war between China and the... 

Trump's latest tariffs kick in, deepening global trade war

President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared... 

BHP gives Chile a $13bn reason to cut red-tape for mines

BHP Group is ready to start spending $13-billion to overhaul its aging copper mines in Chile, but is grappling with red tape, an executive said Tuesday. “As a country, we must act with a sense of... 

Anglo American urges faster permits in Chile to close copper supply gap

hile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American Chile CEO Patricio Hidalgo said on Tuesday.... 

Peabody reviews options for $3.78bn deal for Anglo American's assets

Peabody Energy said on Tuesday it was reviewing all options related to its $3.78-billion acquisition agreement with Anglo American for some of its Australian steelmaking coal assets after an... 

China's CMOC boosts cobalt output at Congo mines amid export ban

CMOC Group boosted cobalt production at its mines in the Democratic Republic of Congo in the first three months of this year even after authorities in the country imposed a temporary halt in... 

Chile regulator: Copper prices have likely peaked as US-China trade war looms

Chile's state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalatingtrade war, as U.S. President Donald Trump threatened to... 

Chile has 28% more lithium than previous estimates, studies find

Chile's total lithium resources are 28% greater than previously estimated, according to new studies of salt flats in the northern Antofagasta region that show a higher amount of the battery metal,... 

Freeport-McMoRan CEO flags concern over global growth amid US tariffs

The CEO of copper producer Freeport-McMoRan said on Monday she was concerned about the health of the global economy and the possibility of recession and inflation in the wake of US tariffs rolled... 

Rand recovers some ground with coalition's future the focus

The rand strengthened in early trade on Tuesday, recovering some of the ground it lost a day earlier, with the future of the country's multi-party government the main focus. At 0706 GMT, the rand...