African exports face immediate damage from lapse of US trade initiative

The lapse of a flagship US trade initiative with Africa that expired overnight is putting scores of businesses on the continent and hundreds of thousands of jobs at risk, raising fears that even a... 

Australia offers to sell shares in critical minerals reserve to allies, sources say

Australia is willing to sell shares in its new strategic reserve of critical minerals to allies including Britain, two sources familiar with the matter told Reuters, as Western governments scramble... 

Grasberg mine accident tightens global copper supply estimates

Metals analysts are cutting their estimates of global copper supplies for this year and next after an accident at the giant Grasberg mine dramatically tightened the outlook for the market. Copper... 

France’s Orano says 1 500 t uranium stockpiled at seized Niger site

rench nuclear group Orano has said 1 500 metric tons of uranium are stockpiled at its expropriated SOMAIR mine in northern Niger, and that it will seek compensation and pursue criminal charges if... 

Codelco names VP to lead integration at Andina mine with Anglo American

The world's biggest copper miner, Chile's Codelco, has named Gonzalo Lara Skiba as vice president of integrating operations at Andina, a role in which he will spearhead a shared mine plan between... 

Freeport-McMoRan still in talks with Indonesia over Grasberg mine rights, company says

Freeport-McMoRan said on Tuesday it remains in discussions with the government of Indonesia regarding rights to operate the Grasberg copper and gold mine past 2041. News reports earlier on Tuesday... 

Giant sinkhole in Chilean mining town haunts residents, three years on

Residents in the mining town of Tierra Amarilla in the Chilean desert are hopeful that a new court ruling will allay their fears about a giant sinkhole that opened near their homes more than three... 

Glencore's Lomas Bayas mine in Chile working to control fire at waste yard

Glencore's Lomas Bayas copper mine in Chile is working to control a fire that broke out at a waste yard at midday on Tuesday, sending up a tall column of smoke, the company said in a statement. No... 

Australia PM concerned about China's reported pause on BHP iron-ore purchases

Australian Prime Minister Anthony Albanese said on Wednesday he was concerned about a report that China's state iron-ore buyer had taken steps to pause purchases of iron-ore cargoes from miner... 

Namibia cautious about taking up a stake in De Beers, local media report

Namibia will carefully consider whether or not to acquire a stake in De Beers as the diamond price slump persists, local media reported on Monday, citing the country's deputy prime minister. The... 

South Africa says it optimistic US trade initiative AGOA will be renewed

South Africa's trade minister Parks Tau said he was optimistic that the United States' flagship trade initiative with Africa, which expires later on Tuesday, would be renewed. Tau's office said in... 

Eskom records first full-year profit in eight years

State-owned power utility Eskom reported its first full‑year profit in eight years on Tuesday, helped by government debt relief, higher tariffs and a sharp reduction in power cuts. The company's... 

South Africa records large FDI outflows in Q2 as Anglo spins off platinum unit

South Africa recorded foreign direct investment (FDI) outflows of R73.5-billion in the second quarter of 2025, compared to inflows of R11.7-billion in the first quarter, central bank data showed on... 

UBS forecasts gold price could reach $4 200/oz by mid-2026

Gold markets are now leaning toward a bull-case scenario where the price rises to $4 200/oz by mid-2026, UBS said in a note on Tuesday. The bank pointed to factors including a weakening US dollar,... 

China bans all BHP iron-ore cargoes as pricing dispute deepens, Bloomberg News reports

China's state iron-ore buyer has told major steelmakers and traders to temporarily pause purchases of any dollar-denominated seaborne iron ore cargoes from BHP, Bloomberg News reported on Tuesday,... 

Mali's industrial gold output down 32% on Barrick suspension, document says

Mali's industrial gold production fell 32% year-on-year to 26.2 tons by the end of August, weighed down by the months-long suspension of Barrick Mining's operations, according to a mines ministry... 

Trump administration says it supports 1-year renewal of Africa trade initiative

US President Donald Trump's administration supports a one-year extension of the African Growth and Opportunity Act (AGOA), the trade initiative with sub-Saharan Africa that expires on Tuesday,... 

RWE withdraws from $10bn Namibia green hydrogen project

German power utility RWE said on Monday that it had withdrawn from Namibia's $10-billion Hyphen green ammonia project, a blow to the southern African nation's ambitions to become a major hydrogen... 

Zijin Gold shines on debut as gold prices reach record high

Shares of China's Zijin Gold International rose as much as 66% in their Hong Kong trading debut on Tuesday after the company raised $3.2-billion in an initial public offering (IPO), the largest... 

Liontown Resources to revise Tesla offtake deal pricing, in talks with Ford

Liontown Resources said on Tuesday that it has agreed with Tesla to make changes to the pricing mechanism in their long-term offtake agreement. The pricing changes come as the lithium miner looks... 

Trump administration to expand coal leasing, fund coal plant upgrades

The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan... 

China signs deal with Zambia, Tanzania for $1.4bn railway upgrade

China, Zambia and Tanzania on Monday signed a $1.4 billion deal to refurbish the Tanzania-Zambia railway, a vital route for shipping copper exports from the region, Zambia's government said. The... 

Nigeria eyes certification of China's C919 jet for local airlines

Nigeria's civil aviation authority is looking into certifying China's C919 jet for the country's carriers, its director general told Reuters, as Nigerian airlines take on more aircraft and as... 

Lithium Argentina's Cauchari-Olaroz aims to triple production by 2029

Lithium Argentina's Cauchari-Olaroz project in northern Argentina is aiming to produce 85 000 metric tons of the battery metal annually by around 2029, more than triple last year's output, said... 

Most coal-fired power plants will delay retirement to feed AI boom, energy secretary says

The administration of US President Donald Trump expects most of the nation's coal-fired power plants to delay retirement to help deliver the vast amount of electricity needed to fuel artificial... 

Miners' permit suspensions can be lifted if they meet reclamation fund requirements, minister says

Indonesian miners can get their suspension lifted once they fulfill requirements related to land reclamation fund deposits, the country's Mining Minister said on Friday, after his Ministry... 

Mining at Freeport halted to search for trapped miners, Indonesia Mining Minister says

ndonesia's government has reached an agreement with Freeport Indonesia to halt operations at the Grasberg mine to give priority to the search for trapped workers, the country's mining minister said... 

Botswana economy suffers steep contraction in Q2 on diamond sector woes

Botswana's economic output fell sharply in the second quarter, reflecting a steep decline in output from its key diamond industry, data from the statistics agency showed on Friday. Gross domestic... 

Perpetua Resources in talks with Glencore, others for US antimony processing

Perpetua Resources said on Thursday it is in talks with Glencore, Trafigura and others about a partnership to refine antimony in the US, part of a push to boost Western supplies of a critical... 

Fortescue chairman Forrest doubles down on renewables in challenge to Trump

Australian miner Fortescue is experiencing strong interest in its decarbonisation-related offerings, executive chairman Andrew Forrest said in an interview, as he challenged US President Donald... 

Nature loss could cut mining, power earnings by a quarter, Barclays finds

 Company earnings could fall by as much as 25% over five years due to nature degradation, Barclays said, as rising input costs and operational disruptions driven by policy changes and worsening... 

Goldman Sachs downgrades copper supply forecast after Grasberg mine disruption

Goldman Sachs lowered on Thursday its global copper mine supply forecast for 2025 and 2026 following a disruption at Indonesia's Grasberg, the world's second-largest copper mine. The incident,... 

Copper miners keep Australian shares afloat

Australian shares ended slightly higher on Thursday, as a rally in copper miners due to a sharp jump in metal prices countered losses in other sectors after markets trimmed bets for imminent... 

US plans to extend Africa trade deal by a year, says Lesotho minister

Lesotho's trade minister said on Wednesday that the US plans to extend the African Growth and Opportunity Act (AGOA), which gives the continent preferential access to US markets, by a year, after... 

Aris Mining reports safe recovery of all workers at Colombia mine

Aris Mining said on Wednesday all 23 workers who were trapped underground at the La Reliquia Mine in Colombia have been safely brought to the surface. The company reported on Tuesday a collapse... 

Angola's diamond miner Endiama seeks minority stake in De Beers

Angola's state diamond company Endiama has bid for a minority stake in Anglo American's diamond unit De Beers, the African country's Ministry of Mineral Resources, Petroleum and Gas said on... 

Congo sticking to cobalt export quotas, keen to boost processing

Democratic Republic of Congo will stick to its recently announced quota system for cobalt exports, with revisions only possible in the long term if the government sees them as necessary, the... 

Freeport declares force majeure at Grasberg, expects lower copper, gold sales

Freeport-McMoRan on Wednesday declared force majeure at its Grasberg mine in Indonesia and said it is expecting consolidated sales to be lower for copper and gold in the third quarter, sending its... 

Australia's 'maze of uncertainty' scuttles $40bn worth of M&A, clouds outlook

Nearly $40-billion worth of big ticket buyouts have collapsed in Australia this year - the most in fifteen years - as regulatory risk and misaligned valuations add to the growing challenges in... 

Hudbay Minerals temporarily shuts down Peru mill amid unrest

Canadian miner Hudbay Minerals said on Tuesday that its Constancia mill in Peru has been temporarily shut down and non-essential workforce has been demobilized due to riots in Lima and several...