Fortescue sticks to green iron in long-term vision

Australia's Fortescue reported its smallest full-year profit in six years, in line with analyst estimates, on Tuesday and lowered its dividend payout while reaffirming its commitment to its green... 

South African rand flat ahead of leading indicator data

The South African rand was little moved in early trade on Tuesday, ahead of the release of local central bank data that will shed light on the country's economic outlook. At 0536 GMT the rand... 

Sasol seeks to soften US tariff blow on South African exports

South African petrochemical firm Sasol is working to contain the impact of higher tariffs on its chemical exports to the US, Chief Financial Officer Walt Bruns said on Monday, saying they could... 

China's commissioning of coal power at 9-year high in first half, report says

China commissioned 21 gigawatts (GW) of coal power plant capacity in the first half of 2025, a new report found on Monday, the highest since 2016 even as the country is building record amounts of... 

Iron-ore hits over one-week high as Rio Tinto suspends work at Guinea mine

Iron-ore futures touched a one-week high on Monday as Rio Tinto suspended activity at its Simandou project in Guinea following an incident, raising fears of a potential delay in production start at... 

Indonesia cancels requirement to use benchmark prices in minerals, coal sales

Indonesia has scrapped a requirement to use government benchmark prices as the floor price in minerals and coal sales, a mining ministry decree reviewed on Monday showed. Issued earlier this... 

Sasol swings to profit on higher chemical prices, lower writedowns

South African petrochemical firm Sasol said on Monday it swung to an annual profit on the back of higher chemicals prices, tighter cost controls and lower asset writedowns. The company, which... 

South African rand pauses rally as investors await local data signals

The South African rand softened early on Monday as investors booked profits after a rally that took the currency to a nine-month peak. At 0603 GMT the rand traded at 17.46 against the dollar, 0.2%... 

Canada to remove many retaliatory tariffs on US, Carney says

Canada will remove many retaliatory import tariffs on US goods and intensify talks with the United States on striking a new trade and security relationship, Prime Minister Mark Carney said on... 

Santos extends exclusivity for $18.7bn ADNOC-led offer, profit declines

Australian gas producer Santos on Monday agreed to further extend the exclusivity period for an $18.7-billion takeover bid from a group led by Abu Dhabi National Oil Co (ADNOC), and reported a... 

Aldebaran plans $1.5bn capex for Argentina copper project

Canada's Aldebaran Resources will require at least $1.5-billion to develop its Altar copper project in northern Argentina, country manager Javier Robeto said in an interview. The company plans to... 

China tightens grip over rare earth supply quotas

China, the world's dominant rare earth supplier, issued on Friday measures to regulate the mining, smelting and separation of thecritical minerals key to energy transition, further tightening its... 

US prolongs Michigan coal plant's operation until November despite costs

The US Energy Department on Thursday extended an order for a Michigan coal plant to stay open through November 19, even though it had been planning to shut permanently for economic reasons and... 

Botswana signs $12bn investment deal with Qatar's Al Mansour Holdings

Botswana's President Duma Boko announced on Thursday an agreement with Qatar's Al Mansour Holdings, aimed at addressing immediate national challenges, with the Gulf firm committing to $12-billion... 

Skydiving-South African Wallis pushes wingsuit flying to global heights

With the jagged peaks of Cape Town's Table Mountain beneath him and the wind roaring past his wingsuit, South African Jean-Jacques Wallis is redefining the limits of human flight – and putting... 

US Defense Department to buy cobalt for up to $500m

The US is seeking to procure cobalt worth up to $500-million for defence stockpiles amid the country's move to boost its critical mineral supplies. Companies have been scrambling to source rare... 

Glencore targets 1Mt of copper in Argentina over coming decade

Miner and trader Glencore will aim to produce nearly one-million tons of copper annually at its planned El Pachon and Agua Rica projects in Argentina over the next 10 to 15 years, the company's CEO... 

ADB to provide $410m package for Barrick-run Pakistan mine, sources say

he Asian Development Bank will provide a $410-million financing package to help develop Pakistan's Reko Diq copper mine, one of the world’s largest untapped deposits, which will be operated by... 

Kenya gets $169m in Japan Samurai financing to boost industries

Japan will provide up to ¥25-billion ($169.42-million) in Samurai financing to Kenya that will be directed towards boosting the East African nation's vehicle assembly and energy sectors, officials... 

SQM expects lithium price boost in third quarter

Chilean lithium producer SQM expects prices and sales volumes to rise in the third quarter, executives said on Wednesday, after the miner missed estimates for second-quarter net profit. The... 

Codelco to lower 2025 copper target after El Teniente accident

Chilean copper miner Codelco will lower its 2025 production guidance after an accident at its flagship El Teniente mine knocked 33 000 metric tons off the facility's output, executives said on... 

Whitehaven Coal posts annual profit slump, signals bigger payouts to shareholders

Australia's Whitehaven Coal reported a steep decline in its annual profit on Thursday and said it will allocate more capital for shareholder returns while reducing its provision for the Narrabri... 

Itac recommends duties to curb steel imports

A South African government trade body looking into the country's struggling steel sector proposed import duties starting at 10% to defend the industry from an influx of imports mainly from China.... 

Trafigura-led Lobito Atlantic Railway aims to finalise US loan deal by end-2025

Lobito Atlantic Railway (LAR) aims to finalise by the end of this year a $533-million loan deal with the US International Development Finance Corporation (DFC) that is vital for the upgrade of its... 

South Africa's inflation pushed to 10-month high by food and fuel prices

South Africa's consumer price inflation rose to 3.5% year-on-year in July, driven to its highest level since September 2024 by higher food and fuel prices though still within the central bank's... 

China's rare earth magnet exports hit six-month high in July

China's exports of rare earth magnets recovered to hit a six-month high in July, showing trade flows of the critical minerals key to electric vehicles have returned to levels seen before Beijing... 

South African rand subdued before domestic inflation data

The South African rand eased in muted early trade on Wednesday, before the release of local inflation data which will influence the central bank's thinking at its rate-setting meeting next month.... 

Tianqi open to renegotiating lithium refinery deal with Australia's IGO

China's Tianqi Lithium is open to renegotiating joint venture partner IGO's stake in the troubled Kwinana lithium refinery in Western Australia state, CEO Frank Ha said on Wednesday. The refinery,... 

BHP sells copper assets in Brazil to CoreX for up to $465m

Global miner BHP has agreed to sell copper assets in Brazil to CoreX Holding for up to $465-million, it reported alongside its earnings on Tuesday. BHP has entered into a binding agreement with... 

Trump blasts appeals court for halting Resolution Copper land transfer

US President Donald Trump on Tuesday criticized an appeals court's decision to temporarily block federal officials from completing a land transfer needed for Rio Tinto and BHP to develop Arizona's... 

Argentina's Gualcamayo gold mine eyes $665m investment under incentive programme

Argentina's Gualcamayo gold mine is aiming to build a new $665-million project it hopes will qualify for a new government incentive program, executives said in a recent press tour of the site.... 

China pledges to address India's rare earth needs, Indian source says

There is an upward trend in India-China relations and Beijing has promised to address New Delhi's needs on rare earths, a top Indian official and a source said on Tuesday, as the neighbours rebuild... 

South African artisanal miners want stake in critical minerals boom

In South Africa's coal heartland, grey smog hangs over parts of the Mpumalanga province like a thick blanket, while miners descend underground to chip away at the black rock. One of them is Mooi... 

South Africa banks curb lending over climate-related default risks, study finds

South African banks have become more reluctant to lend as the threat of extreme weather events has heightened the risk of defaults, a study by the South African Reserve Bank showed on Monday. The... 

Woodside cuts exploration, shifts focus to $39bn project pipeline after profit drop

Woodside Energy said on Tuesday it will scale back exploration efforts and prioritise its $39-billion project pipeline to strengthen its balance sheet, after depreciation and decommissioning costs... 

Santos flags delay in finalising ADNOC-led offer beyond deadline

Australia's Santos said on Tuesday that Abu Dhabi's National Oil Company (ADNOC)-led international consortium would not be able to finalise an $18.7-billion takeover bid for at least another four... 

UBS raises gold target price for end-March 2026 by $100 to $3 600/oz

UBS on Monday raised its gold target price for end-March 2026 by $100 to $3 600 per ounce as persistent US macroeconomic risks, de-dollarization trends, and strong investment demand — especially... 

Wooden church sets off on slow Swedish road trip to escape mining subsidence

Sweden's landmark Kiruna Church will begin a two-day trip to a new home on Tuesday, inching down an Arctic road to save its wooden walls from ground subsidence and the expansion of the world's... 

South African rand muted with local inflation data the week's main focus

The South African rand was subdued in early trade on Monday, with the main focus this week on domestic inflation numbers, while investors also eyed geopolitical developments which could influence... 

Uganda targets higher exports with first large-scale gold mine

Uganda has inaugurated its first large-scale gold mine, a $250-million Chinese-owned project in the country's east that will also refine the bullion to 99.9% purity, according to a statement from...