Iron-ore gains as China stimulus hopes dominate

Iron-ore futures gained on Wednesday, as hopes of fresh stimulus from top consumer China outweighed concerns over a gloomy outlook stemming from growing supply and diminishing demand. The... 

South African rand steady before mid-year budget review

The South African rand was stable in early trade on Wednesday, before a mid-year review of public finances that is widely expected to contain positive news for investors. At 0540 GMT the rand... 

MinRes inks $765m deal with Posco for lithium JV stake, shares surge

Australia's Mineral Resources said on Wednesday it would sell a 30% stake in part of its lithium business to South Korea's Posco for $765-million as it seeks to cut debt and repair its balance... 

South Africa's official unemployment rate dips in third quarter

South Africa's unemployment rate fell slightly in the third quarter of this year, as jobs were added in construction, social services and trade, the statistics agency said on Tuesday. The official... 

Guinea to fast-track alumina, iron-ore processing, mines minister says

Guinea will fast-track the development of alumina refineries and iron-ore pellet plants to end decades of raw ore exports, its mines minister told reporters, as the country prepares for the first... 

Mercedes-Benz South Africa CEO-designate resigns

Mercedes-Benz South Africa said on Monday CEO-designate Abey Kgotle has resigned for personal reasons, less than a month before he was set to take on the role. Kgotle, who joined Mercedes-Benz... 

Botswana taking steps to acquire majority stake in De Beers, President says

Botswana is working on acquiring a majority stake in De Beers, President Duma Boko said on Monday, after Angola announced a rival bid to control the giant diamond company. Botswana, which owns 15%... 

Australia watchdog sues AVZ Minerals over Congo disclosure breaches

Australia's corporate regulator said on Tuesday it has sued AVZ Minerals and two of its directors, alleging the miner failed to disclose an escalating legal dispute with the Democratic Republic of... 

Vale gearing up to meet Indian demand as China steel output stagnates, CEO says

Brazilian miner Vale is preparing to meet rising iron ore demand from India, which could double its steel production by the end of the decade, CEO Gustavo Pimenta told Reuters. Rising sales to... 

South Africa citrus exports hit record but farmers fret over US tariffs

South African citrus exports surged 22% to record levels this year, driven by higher demand, favourable weather and new trees coming into production, a growers association said on Monday. The... 

Tiger Brands forecasts higher earnings on margin gains, cost-cutting

 Tiger Brands expects an up to 15% rise in annual headline earnings, as improved operating margins and cost-cutting offset pressure on consumer spending and commodity price deflation. The country's... 

Zuma's daughter pleads not guilty over deadly South African riots as trial begins

Duduzile Zuma-Sambudla, a daughter of former South African President Jacob Zuma, pleaded not guilty on Monday to charges of inciting violence during riots in 2021 in which more than 300 people were... 

Aluminium premium hits record in US on tariffs, global squeeze

Premiums for consumers buying aluminium on the physical market in the US have hit record highs, driven by steep import tariffs and tight supplies globally. President Donald Trump doubled tariffs... 

China grants conditional approval for Codelco-SQM lithium joint venture

China's market regulator said on Monday that it granted conditional approval for a lithium-related joint venture between Chile's state-run copper giant-Codelco and local lithium producer SQM. The... 

European countries back $2.5bn initiative to protect Congo rainforest

European nations have backed a $2.5-billion plan to save the Congo rainforest, France's presidency told a UN climate summit, launching a conservation scheme that may steal some thunder from the... 

Why coal still clings on in renewable energy powerhouse Brazil

One of Brazil's last coal plants roared back to life in July after a powerful business group invested millions to keep its turbines turning in the southern mining town of Candiota. The plant's... 

Japan's Marubeni to invest in Australian critical minerals project

Japan's Marubeni said on Monday it will invest in a mineral sands project of Australia's RZ Resources, following in the footsteps of compatriot JX Advanced Metals which struck a similar deal with... 

China halts ban on gallium, germanium, antimony exports to US, but controls remain

China has suspended a ban on exports of gallium, germanium and antimony to the US, its commerce ministry said on Sunday, although the three metals remain subject to broader export controls... 

Newmont's restructuring impacts 16% of jobs in the company, memo shows

Newmont's restructuring following the acquisition of Australian miner Newcrest has impacted 16% of the company's workforce, according to an internal memo to staff seen by Reuters. The reductions... 

Congo suspends activities at Chinese mine after spill

The Democratic Republic of Congo has suspended activities at a Chinese-operated mining site in the south of the resource-rich country after a spill, mines minister Louis Watum Kabamba said late on... 

South African rand steady as global stock markets correct

The South African rand was steady on Friday trade, as investors worried about a correction in global stock markets following strong gains. At 16:00, the rand traded at 17.34 against the dollar.... 

Freeport Indonesia says investigation concluded on Grasberg incident

Freeport Indonesia said on Friday that an investigation into a mud flow that killed seven workers at its Grasberg copper and gold mine has ended and the company has received improvement... 

Botswana and Angola hold talks as both seek control of De Beers

The mining ministers of Botswana and Angola held talks in Botswana's capital on Friday on cooperation in the diamond sector, as the two Southern African countries seek to take control of Anglo... 

Albemarle's cost cuts, steady volumes fuel smaller loss amid weak lithium prices

Albemarle reported a smaller-than-expected loss for the third quarter on Wednesday, as the lithium producer's tight leash on costs and resilient sales volumes softened the squeeze from persistently... 

South Africa to investigate how 17 citizens were lured into fighting in Ukraine

South Africa's government said on Thursday it will investigate how 17 of its citizens joined mercenary forces in the Russia-Ukraine conflict after the men sent distress calls for help to return... 

Nutrien tops profit estimates, launches review of phosphate business

Nutrien beat analysts' expectations for third-quarter profit on Wednesday, and said it would initiate a review of strategic alternatives for its phosphate business. US-listed shares of the... 

Boeing settles with families of three 737 MAX crash victims

Boeing has reached settlements in three lawsuits brought by the families of victims who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the attorney representing the families... 

Vodacom settles 17-year 'Please Call Me' legal dispute

Telecoms group Vodacom said on Wednesday it had reached an out-of-court settlement in a dispute with a former employee over his role in creating the company's call-back messaging service. The legal... 

Can Africa ride critical minerals wave to economic boom?

As global powers scramble for critical minerals, African countries are pushing for new investment to process more of their own raw materials and meet their people's demands for economic growth and... 

South Africa's private sector activity declines as demand weakens in October, PMI shows

South Africa's private sector activity contracted for the first time in seven months in October, as firms faced a renewed downturn in output and orders, S&P Global reported on Wednesday. The South... 

South Africa's rand pauses slide as investors await next catalyst

South Africa's rand inched up early on Wednesday, attempting a recovery from an almost two-month low as investors awaited fresh signals on the global and domestic economic outlook. At 0630 GMT, the... 

Codelco cuts copper output guidance for 2025

Chile's Codelco, the world's largest copper producer, cut on Tuesday its forecast for 2025 output, despite higher production in the year's first nine months through September. The state-owned... 

Putin orders road map for Russian rare earths extraction

Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals. In a list of tasks for ministers published on... 

G20 taskforce calls for global panel to tackle 'inequality emergency'

A G20 taskforce established by South African President Cyril Ramaphosa has called for the creation of an international panel to tackle inequality, warning that extreme wealth disparities disrupt... 

TechMet to add to portfolio, fears Europe losing battle for critical minerals

The CEO of US-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the US in building a... 

China cuts gold tax exemption as state bank stops gold product enrollments

A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metalthat is likely to hit retail demand in the... 

South African factory mood sours in October

South Africa's manufacturing sentiment deteriorated in October, dragged down by subdued domestic demand and sluggish exports, a purchasing managers' index survey showed on Monday. The... 

Resource disputes between investors and states hit ten-year high

Disagreements between governments and investors over resources are at a ten-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for... 

Vale likely to announce extraordinary dividends soon, CFO says

Vale is likely to announce extraordinary dividends in the coming months, CFO Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner's third-quarter... 

Angola says national budget will not fund Endiama's De Beers bid

Angola will not fund state-owned miner Endiama's proposed acquisition of a stake in De Beers through the national budget, Finance Minister Vera Daves de Sousa said on Friday. Endiama has bid for a...