Paladin Energy halts uranium mining in Namibia due to heavy rainfall, shares slip

Australian uranium producer Paladin Energy said on Friday it had temporarily halted operations at its Langer Heinrich Mine in Namibia due to heavy rainfall in the country, sending its shares to an... 

UK fines LME nearly $12m over handling of 2022 nickel crisis

Britain's financial regulator on Thursday fined the London Metal Exchange 9.2-million pounds ($11.9-million) over its handling of the 2022 nickel crisis, and said the exchange had failed to ensure... 

China's HBIS collaborates with Vale to advance steel decarbonisation

Chinese steelmaker HBIS group signed a memorandum of understanding (MoU) with iron-ore mining giant Vale to promote decarbonisation in the steel value chain, both companies said on Thursday. Both... 

China export controls freeze antimony shipments to EU from October

China has not shipped any antimony to European Union countries since October, customs data showed on Thursday, after the dominant supplier imposed export controls that have fuelled a surge in... 

Gold climbs to record high as Fed signals two rate cuts in 2025

Gold rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes. Spot... 

Colombia to launch May copper auction, aiming to substitute imports

Colombia's government will launch an auction in May for copper mining projects, a senior sector official said on Wednesday, part of a push to meet local demand for the industrial metal while easing... 

Danish fund manager CIP gets A$841m from Australia for green hydrogen project

Danish clean energy fund manager Copenhagen Infrastructure Partners (CIP) said on Thursday it had received A$814-million from the Australian government for its Murchison Green Hydrogen project.... 

AMSA confirms it is in talks to defer long steel plant closure

ArcelorMittal South Africa (AMSA) said on Wednesday it is in talks with the government and other parties for funding that could delay the planned closure of its long steel operations. The... 

Anti-graft groups target Bollore Group over old Africa assets, demand restitution

A dozen anti-graft campaigners have filed a complaint against logistics group Bollore and its former CEO with the French financial prosecutor, accusing them of using connections and... 

European bismuth prices rocket to record highs on China export curbs

Bismuth prices in Europe have surged to all-time highs as China's export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals, according to traders and... 

South Africa consumer inflation at 3.2% y/y in February

South Africa's headline consumer inflation remained at 3.2% year on year in February, unchanged from the month before, data from the statistics agency showed on Wednesday. In month-on-month terms... 

Rio Tinto backs dual-listed structure, asks shareholders to reject Pallister's bid

Mining major Rio Tinto on Wednesday backed its dual-listed structure and asked shareholders to vote against London-based hedge fund Palliser Capital's resolution to review the firm's two listings... 

Moody's expects South Africa's coalition government to reach budget compromise

Ratings agency Moody's expects South Africa's coalition government to reach a compromise that allows the country's deadlocked budget to pass with its focus on fiscal consolidation intact. "Our... 

Nornickel boss expects updates on copper JV in China in coming months

Vladimir Potanin, the head of Russian metals and mining giant Nornickel, said on Tuesday that he expects news about a copper-producing joint venture in China in the coming months. Nornickel is in... 

Trump says he’s authorising administration to produce coal power

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil... 

Thermal coal miner New Hope seeks acquisitions as funding options improve

Australian coal miner New Hope is on the hunt for acquisitions, said CEO Rob Bishop, and given improving investor appetite for New Hope debt he had no worries about financing growth in... 

US says South African ambassador's remarks were 'unacceptable'

Remarks by South Africa's ambassador to the United States about President Donald Trump were "unacceptable," a State Department spokesperson told reporters on Monday after Washington last week made... 

Gold hits record high as tariff uncertainty fuels safe-haven demand

Gold prices scaled a record peak above the crucial $3 000-mark on Tuesday for the second time in a week, as investors sought cover from economic concerns fuelled by US President Donald Trump's... 

Trump-driven turbulence draws new investors into gold

Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market's... 

New Canadian PM says he can work with Trump

Ex-central banker Mark Carney was sworn in as prime minister of Canada on Friday and immediately said he could work with US President Donald Trump, who is promising tariffs that could devastate the... 

TotalEnergies faces French manslaughter probe over Mozambique attack

French prosecutors have opened an investigation into TotalEnergies over potential manslaughter and a failure to assist people in danger during a jihadist attack in Mozambique, the energy firm said,... 

US expels South Africa's ambassador, calling him 'race-baiting' Trump hater

The US is expelling South Africa's ambassador, Secretary of State Marco Rubio said, calling the envoy a "race-baiting politician" who hates President Donald Trump. Ties have slumped since Trump cut... 

ExxonMobil Australia, Woodside approve final investment decision for A$350m gas project

ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting... 

India proposes to set up trading exchange for domestic coal

India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice... 

Aluminium giant Rusal posts near three-fold profit jump as costs drop

Russia's Rusal on Friday reported a near three-fold jump in its annual earnings, reflecting lower production costs and higher prices for aluminium. Hong Kong-listed Rusal, the world's largest... 

Fitch thinks S Africa will struggle to stabilise debt as projected in budget

Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget. "South Africa's 2025 budget, unveiled on... 

Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine

Australia's AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China's Zijin Mining over the Manono lithium mine rights, and is in talks with US... 

US approves $5bn loan to TotalEnergies for Mozambique gas project

The board of the US Export-Import Bank approved a nearly $5-billion loan for a long-delayed LNG project in Mozambique, clearing a key hurdle to restarting the project under development by French... 

Bowen Coking Coal narrows half-year loss

Australian miner Bowen Coking Coal has reported a significantly improved financial performance for the first half of 2025, narrowing its loss to A$8.7-million, a substantial reduction from a... 

US approves expansion of Montana coal mine

The Trump administration approved a plan to expand a Montana coal mine and extend its life by 16 years, the Interior Department said on Thursday, a move aligned with President Donald Trump's goal... 

EU announces €4.7bn investment package for South Africa

EU leaders announced a €4.7-billion investment package during a visit to South Africa on Thursday, at a time when both are on worse terms with the United States than they have been for decades. The... 

Southern African bloc to withdraw troops from Congo in phases

The Southern African Development Community said on Thursday that a summit of regional heads of state had terminated the mandate of its troop deployment in the Democratic Republic of Congo and... 

Potash miner K+S beats 2024 core profit forecast

German potash and salt miner K+S beat 2024 core profit expectations on Thursday as higher sales volumes from agriculture customers helped to offset lower potash prices. The group reported earnings... 

Workers sign petition for collective bargaining at Rio Tinto's Pilbara mine

Australia's Western Mine Workers Alliance (WMWA) said on Thursday that more than 400 workers at Rio Tinto's Paraburdoo iron-ore mine in Pilbara region have signed a petition to support collective... 

Freeport Indonesia hopes to get copper export permit soon

Copper miner Freeport Indonesia hopes to secure a permit soon to export copper concentrate, after the Mining Minister approved a revision of its annual business plan, the company's CEO said on... 

EIB reviews financing for $760m hydro project over DRC war

The European Investment Bank (EIB) is holding off on decisions to finance the $760-million Ruzizi III hydropower plant in Central Africa, due to fighting between Rwandan-backed rebels and the... 

Budget may be tweaked further, Godongwana says

South Africa's budget may be tweaked further as more talks between political parties will try to overcome differences over a contentious plan to raise value-added tax, the country's finance... 

Freeport Indonesia lowers 2025 output target by 9.9%

Copper miner Freeport Indonesia has lowered its 2025 concentrate output target by almost a tenth to 3.29-million tons and is aiming for copper output of 1.67-billion pounds (757 499 metric tons),... 

Drill more, mine more on public lands, US interior secretary urges

US Interior Secretary Doug Burgum told a packed room of energy executives on Wednesday that he wants their industries to ramp up drilling and mining on America's public lands, telling the crowd:... 

Barrick must pay dealmaker Hannam $2m over Randgold merger, UK court rules

anada's Barrick Gold must pay British dealmaker Ian Hannam's firm $2-million plus expenses for his work on the acquisition of gold miner Randgold Resources, London's High Court ruled on Wednesday....