Chile power partially restored after huge outage as copper mines come back online

Chile's power grids and major copper mines were coming back online on Wednesday after a major outage rocked the world's top producer of the red metal, with power companies working to restore the... 

Absences and disputes mar G20 finance chiefs' talks

A number of finance ministers skipped a gathering of the Group of 20 top economies in South Africa on Wednesday, and other top officials curtailed trips to a meeting marred by disputes over the... 

South Africa's inflation rises less than expected in January

South African inflation edged up in January in the first release since the statistics agency updated its consumer price basket, but the headline rate remains near the bottom of the central bank's... 

Congo weighs cobalt export quotas to revive prices amid supply glut

The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources... 

Alcoa warns Trump's aluminum tariff could cost 100 000 US jobs

Aluminum producer Alcoa said on Tuesday that US President Donald Trump's plan to impose a tariff on aluminum imports could cost about 100 000 US jobs and would itself not be enough to entice it to... 

Trump orders new tariff probe into US copper imports

President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild US production of a metal... 

Vitol, Glencore win $380m award in Nigerian LNG litigation

Trading houses Vitol and Glencore will receive $380-million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied... 

Botswana signs long-delayed diamonds deal with De Beers

Botswana's government on Tuesday signed a long-delayed ten-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years to the provisional... 

Reserve Bank governor says trade and tax policies pose inflation risks

Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday. Speaking on the... 

Glencore's Philippine copper smelter put into maintenance

Philippine Associated Smelting and Refining Corporation (PASAR), a Glencore managed company, has put its Leyte plant site into maintenance due to ongoing evaluation of the plant's operations and... 

Woodside sees $1.2bn US LNG play paying off as Trump policies drive deals

Woodside Energy, Australia's top gas producer, is well positioned to capitalise on demand for US liquefied natural gas driven by President Donald Trump’s trade policy and pro-fossil fuel agenda,... 

Gold Reserve wins $1.1bn arbitration award in Portugal against Venezuela

Gold Reserve said on Monday the Lisbon Court of Appeal confirmed the Canadian miner's arbitration award against Venezuela, giving it green light to enforce about $1.1-billion in Portugal. The... 

Putin outlines potential aluminium, rare earth deals with the US

Russian President Vladimir Putin offered the US the opportunity for joint exploration of the country's rare earth metals deposits, as well as the supply of aluminum to the US domestic market, under... 

Australia treasurer to meet US Treasury's Bessent amid push for tariff exemption

Australian Treasurer Jim Chalmers will meet with his US counterpart Scott Bessent on Tuesday in Washington, with Canberra seeking an exemption on 25% tariffs on imports of steel and aluminium... 

Woodside Energy's annual profit hits 3-year low on weak oil and gas prices

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on... 

Palliser asks Rio Tinto to seek Australian shareholder vote on dual listing

London-based hedge fund Palliser Capital on Monday urged Rio Tinto to allow the company's Australian shareholders to vote on a resolution that seeks an independent review of its dual-listing... 

Sasol skips dividend after profit declines 31%

South African petrochemical firm Sasol on Monday skipped paying a dividend after reporting a 31% decline in half-year profit on a fall in oil prices and lower sales volumes. Sasol's headline... 

Newmont again postpones investment decision for Yanacocha Sulphides project

Precious metals miner Newmont said on Friday that it will again postpone a final investment decision for its Yanacocha Sulphides project in Peru. In a statement, the company said the postponement... 

Yancoal Australia posts smaller annual profit on fall in coal prices

Yancoal Australia forecast flat production estimates for fiscal 2025 on Thursday while reporting a 33% fall in annual profit due to lower coal prices. The coal miner expects attributable saleable... 

Indian miner Vedanta's shareholders, creditors clear way for five-way split

Vedanta's shareholders and lenders have approved the oils-to-metals conglomerate's plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its... 

Indonesia Minister says Freeport can resume copper concentrate exports

The Indonesian government has agreed to allow copper miner PT Freeport Indonesia to resume exports of copper concentrate until repairs at its smelter are completed, Energy and Mineral Resources... 

Record prices dampen demand in top hubs

Physical gold demand among top consumers China and India remained negligible this week as buyers shied away from purchases due to record high prices. "Buyers are just sitting back, watching the... 

China export curbs push European bismuth prices to highest since 2008

Bismuth prices in Europe have soared to their highest in nearly 17 years after China's plan to impose export curbs raised fears of curtailed supply for the metal used in medication, cosmetics and... 

MP Materials' fourth-quarter loss beats Wall Street's expectations

Rare earths producer MP Materials said on Thursday its fourth-quarter loss widened due in part to higher production costs for the refining of the critical minerals, but the results beat Wall... 

Newmont beats fourth-quarter profit estimate on higher gold production, prices

Newmont beat analysts' estimate for fourth-quarter profit on Thursday, as the world's biggest gold miner benefited from a rally in bullion prices and higher production. Average price of gold has... 

Whitehaven Coal beats profit estimates, shares soar

Australia's Whitehaven Coal reported better-than-expected first-half earnings on Thursday, helped by higher production and sales due to strong contributions from its mines in New South Wales.... 

Nutrien misses fourth-quarter profit estimates on lower crop potash and nutrient sales

Nutrien fell short of Wall Street expectations for fourth-quarter profit on Wednesday, as the top potash producer struggled with lower sales of crop nutrients and potash, although it raised its... 

Vale posts $694m loss, dragged down by Canadian assets

Brazilian miner Vale reported on Wednesday a $694-million loss in the fourth quarter, missing estimates and swinging from a hefty profit a year earlier, as it logged impairments on some of its... 

Codelco, Anglo American set to jointly operate neighboring Chile mines, newspaper reports

Chilean state-run copper giant Codelco and London-listed miner Anglo American are set to announce a deal to jointly operate neighboring copper mines in central Chile, according to a report by... 

Rio Tinto opposes bid to cut London listing, 2024 profit hits five-year low

Rio Tinto does not support a push by some shareholders to consolidate the company's dual-exchange share listing in Sydney, its CEO told Reuters on Wednesday as the miner reported its lowest... 

Namibia tempers oil expectations after recent drilling campaigns

Namibia is taking a more cautious view on its long-term oil prospects after the latest exploration wells failed to add to a string of discoveries that started about three years ago. Chevron Corp... 

US Treasury's Bessent to skip G20 meeting in South Africa, sources say

US Treasury Secretary Scott Bessent will skip next week's meeting of finance ministers and central bank governors from the Group of 20 major economies in Cape Town, South Africa, three sources... 

Barrick Gold signs agreement with Mali to end mining dispute, sources say

Canadian miner Barrick Gold has signed a new agreement with the Malian government to end an almost two-year-old dispute over its mining assets in the West African country, four people familiar with... 

South African budget postponed over lack of agreement, Parliament says

South Africa's national budget, which was meant to be tabled on Wednesday, has been postponed until further notice because of a lack of agreement, the speaker of the National Assembly said on... 

South Africa's white farmers would be among victims if Trump ends growth bill

Donald Trump's axing of aid to South Africa, in response to land reform policies he says will harm its white minority, has raised fears a trade deal may be next, though any such move would hurt the... 

Zambia suspends export tax on precious stones, metals

Zambia has suspended a 15% export tax on precious stones and metals in a bid to enhance competitiveness on the global market and draw investment, the finance ministry said on Wednesday. The... 

Orano looks to Mongolia as new source for uranium as Niger problems drag on

 French nuclear fuels company Orano is looking to increase output of uranium from new mines in Mongolia and elsewhere to meet rising demand from the nuclear power industry and offset production... 

Santos posts lower profits and slashes dividend, but sees growth ahead

Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit and slashed its dividend by 41% on Wednesday, but remained confident it was reaching an "inflection... 

Chinese lithium company halts tech exports as trade tensions build

A Chinese company has stopped exporting a piece of equipment used to process the electric vehicle battery metal lithium, in the clearest sign yet manufacturers are already implementing export... 

BHP raises $3bn through US bond issue

BHP Group, the world's largest listed miner, on Wednesday said it raised $3-billion through an issue of senior unsecured bonds in the United States. The bonds will be issued in three tranches by...