Cochilco expects copper price to be $4.25/lb through 2026

Chile's state copper commission Cochilco held its copper price forecast for 2025 steady at $4.25/lb and also used the same price for its new 2026 projection, the agency said on Thursday. Cochiloc... 

Savannah suspends some lithium prospecting in Portugal after injunction

London-based Savannah Resources has suspended prospecting works at some sites of its lithium project in northern Portugal due to a precautionary injunction filed in a court by some landowners, the... 

Vale takes full control of Baovale iron-ore project

Brazilian miner Vale confirmed on Thursday it has bought the 50% stake in its Baovale tie-up previously owned by its Chinese partner Baoshan Iron & Steel, known as Baosteel, a move that gives Vale... 

Gold prices to remain up, reaching $3 000/oz in near-term, says Citi

Leading global banks anticipate that gold prices will remain elevated throughout 2025, potentially reaching the $3 000 mark, as geopolitical uncertainties continue to shape investor sentiment.... 

South Africa will deepen reforms to try to lift growth above 3%, president says

South African President Cyril Ramaphosa said on Thursday that his government would launch another phase of reforms to try to lift economic growth above 3%. "We want a nation with a thriving... 

Vedanta aims to raise $1bn via debt to fund Zambian copper mines

Vedanta Resources is trying to raise around $1-billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company's base metals unit,... 

Iron-ore pares losses on Australia supply worries, softer US dollar

Iron-ore futures clawed back higher on Thursday, supported by a softer dollar and Australia supply snags, while investors looked for fresh developments surrounding the trade war between the United... 

Amplats CEO sees investor interest ahead of spinoff

Anglo American Platinum (Amplats) is seeing a high level of investor interest in the business as it prepares to spin off as an independent entity from its parent Anglo American, Amplats CEO Craig... 

Syrah Resources hopes to resume production of Mozambique site in first quarter

Syrah Resources hopes to restart production at its Balama graphite project in Mozambique during the first quarter, which will ultimately lead to the lifting of force majeure, the Australian... 

Chinese firms control around 75% of Indonesian nickel capacity, report finds

Chinese firms control about 75% of Indonesia's nickel refining capacity, raising concern over supply chain control and environmental risks, Washington-based global security nonprofit C4ADS has said... 

South Africa business activity contracts again in January, PMI shows

South African private sector activity contracted sharply in January as output fell due to lower sales, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index fell to... 

Transnet sees rail volumes falling short of target this year

South African logistics group Transnet's rail freight volumes could reach 160-million to 165-million tons in the year to end March, its CEO said on Tuesday, ahead of last year but short of a... 

Africa Energy Bank targets mid-year launch with South Africa indicating interest

The proposed Africa Energy Bank, which aims to fund oil and gas projects across the continent, is set to start operations by mid-year this year, with South Africa also indicating interest to join,... 

China expands critical mineral export controls after US imposes tariffs

China said on Tuesday it would restrict exports of five metals used in defence, clean energy and other industries in response to fresh US tariffs, refraining from the outright export bans Beijing... 

Trump says he wants Ukraine to supply US with rare earths

US President Donald Trump said on Monday he wants Ukraine to supply the United States with rare earth minerals as a form of payment for financially supporting the country's war efforts against... 

Rio Tinto faces new iron-ore shipping snarls due to cyclones

Rio Tinto said on Tuesday it had begun clearing iron ore ships from two Western Australian ports as two tropical cyclones offshore swell seas and complicate its efforts to repair infrastructure... 

RBC becomes latest Canadian lender to quit global climate coalition

Royal Bank of Canada is exiting the global banking sector climate coalition, a spokesperson for the lender said on Friday, after a similar move by domestic banking peers. The Net-Zero Banking... 

De Beers agrees on fresh sales agreement with Botswana

Miner Anglo American's diamond unit De Beers said on Monday it had finalised negotiations with the Botswana government for a new rough diamond sales agreement and extended mining licences for its... 

Trump to cut off funding for South Africa over expropriation act

US President Donald Trump said on Sunday, without citing evidence, that "certain classes of people" in South Africa were being treated "very badly" and that he would cut off funding for the country... 

Africa's big copper countries set their sights on the profits of trade

Africa's biggest copper producers, the Democratic Republic of Congo and Zambia, are working on deals to gain exposure to metal trading as a demand surge linked to artificial intelligence and the... 

How two former employees are driving Mali's hardball talks with Barrick

Two former company executives with inside knowledge of Barrick Gold's operations in West Africa are helping to drive Mali's demands for a payment of around $200-million from the Canadian miner,... 

Chile's copper output in December

Copper output in Chile, the world's largest producer of the red metal, increased 14.3% year-on-year in December to 566 547 metric tons, the country's INE statistics agency said on Friday.... 

Trump tariff uncertainties push safe-haven gold to record high

Safe-haven demand due to geopolitical uncertainties and concerns over global economic growth amid US President Donald Trump's tariff plans have hoisted gold prices to a record high, once again... 

Chile orders Lundin to shut small copper mine after causing massive sinkhole

Canadian miner Lundin must permanently close its Alcaparrosa copper mine in Chile, the South American nation's environmental regulator said on Thursday, after a massive sinkhole cracked open near... 

South Africa's key rate cut by 25 basis points as expected

South Africa's central bank cut its main lending rate by another 25 basis points to 7.50% as expected on Thursday, saying that while inflation appeared well-contained the medium-term outlook was... 

Duduzile Zuma-Sambudla charged over unrest, released on warning

Duduzile Zuma-Sambudla, a daughter of former president Jacob Zuma, appeared in court on Thursday after being charged with inciting violence during riots in 2021 in which more than 300 people were... 

Chilean miner Codelco to use recycled material for ball milling at El Teniente mine

Chilean State-owned miner Codelco said on Thursday it would use grinding balls made from recycled material in its flagship El Teniente mine, allowing it to reduce carbon dioxide emissions. The... 

India seeking energy, lithium investments in Argentina

India is looking to expand its investments in Argentina's mining, gas and oil sectors, with a focus on lithium, to secure resources needed for its energy transition, the country's mining secretary... 

South Africa producer inflation at 0.7% y/y in December

South Africa's producer inflation was at 0.7% year on year in December versus -0.1% in November, statistics agency data showed on Thursday. The Producer Price Index was at 0.2% in month-on-month... 

Canada Minister says any US tariff response would not single out Alberta

Any Canadian response to US tariffs will be regionally fair and equitable and not single out Alberta, Canada's main oil-producing province, Canada's Energy and Natural Resources Minister Jonathan... 

De Beers sees India as a bright spot, notes early recovery signs in US

India has been emerging as a bright spot for the cut and polished diamonds amidst a slowdown in key markets such as the US and China, Amit Pratihari, managing director, De Beers India told Reuters... 

Lundin Gold sees Ecuador mine producing up to 525 000 oz through 2027

Lundin Gold expects to produce between 475 000 oz and 525 000 oz of gold per year from 2025 to 2027 at the Fruta del Norte mina in Ecuador, the company's chief executive Ron Hochstein told... 

London bullion association launches digital database for gold bars

The London Bullion Market Association (LBMA) has launched a digital database for gold bars to improve transparency in the precious metals market, expecting all LBMA-accredited refineries to come... 

Plan to get electricity to more Africans wins $8-billion in new pledges

An initiative to connect 300-million Africans to electricity in the next six years has won new pledges worth more than $8-billion from lenders including the Islamic Development Bank and the Asia... 

Whitehaven Coal rises on strong second-quarter output

Australia's Whitehaven Coal posted a 92.7% rise in its second-quarter production on Wednesday, aided by strong contributions from its New South Wales mines and Queensland mines, while remaining... 

US buyers face higher costs if Trump pursues copper, aluminium tariffs

President Donald Trump's threat to impose tariffs on US copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and... 

Vale posts highest annual iron-ore output since 2018 despite fourth-quarter slide

Brazilian miner Vale posted on Tuesday its highest annual iron-ore production since 2018, even after a decline in output in the fourth quarter when the company prioritised higher-margin products.... 

Australia's Boss Energy eyes best day in nearly 3 years on robust output growth

Shares of Boss Energy rose about 16% on Wednesday and were poised for their best day in nearly three years, after the uranium miner reported quarterly output well ahead of analysts' estimates for... 

Congo rebel gains to boost illicit mineral trade through Rwanda, analysts say

A lightning advance in Congo's mineral-rich eastern borderlands is set to boost the M23 rebellion's illegal mining revenues, with analysts predicting a further surge in illicit trade in minerals... 

Stats SA updates consumer inflation basket

South Africa's statistics agency has updated its consumer inflation basket for the first time since 2022, including items like rosé wine, air fryers and streaming services to reflect changes in...