Albanese landslide offers rare chance to fix Australia’s economy

Prime Minister Anthony Albanese shocked Australia by securing an historic win in Saturday’s election. Now the question is whether he’ll use that mandate to push through tough measures to overhaul... 

Trump’s push for deep-sea metals clashes with UN ocean treaty

President Donald Trump first set his sights on Canada and Greenland’s mineral resources. Now he’s eyeing the global seabed that holds vast troves of critical metals for green technologies but is... 

McEwen sees gold equities boom on metal’s bull run to $5 000

Bullion’s record-breaking run will attract investors back to gold mining stocks, leading to “explosive” performance in shares of producers of the precious metal, according to Canadian mining... 

McEwen weighs Argentina share listing as part of copper unit IPO

Canadian mining industry veteran Rob McEwen is considering listing shares in Argentina as part of an initial public offering of his copper venture, the latest sign of the country’s newfound appeal... 

Albemarle sees pressure building for high-cost lithium producers

Albemarle, the world’s biggest lithium supplier, is anticipating more pain for higher cost producers of the battery metal, many of which are losing money due to low prices. About 40% of global... 

Rio survives activist investor push to end dual listing

Rio Tinto Group survived an attempt by an activist investor to force it to review its dual listing structure, with not enough shareholders backing the proposal. Rio had urged shareholders to... 

Gold Road halts trading due to speculation over transaction

Gold Road Resources shares were suspended from trading in Sydney, with the miner citing “media speculation regarding a potential change of control transaction”. The suspension will be lifted when... 

Botswana eyes spending cuts as diamond slump hits economy

Botswana is intent on cutting spending to offset the effects of a prolonged downturn in the diamond market that’s led it to raise its budget deficit forecast to post-Covid peaks, its finance... 

Ramaphosa agrees to establish commission into Apartheid crimes

President Cyril Ramaphosa has agreed to establish a commission of inquiry into alleged political interference in the prosecution of crimes committed during the apartheid era by security forces.... 

De Beers investor Botswana says serious buyers showing interest

Botswana’s government said it’s optimistic that Anglo American will find a buyer for its diamond unit De Beers this year. “We are very confident that partners are coming forward,” Botswana Vice... 

Citic sees ‘turning point’ for China’s steel industry this year

China’s steel industry is expected to see a “turning point” this year on additional stimulus measures and production cuts, even as overseas tariffs put pressure on demand, according to Citic... 

Gold’s bullish sentiment seen easing as record rally stumbles

The gold rally has outshone other asset classes this month — even drawing some comparisons to bitcoin — as President Donald Trump’s tariff war reshapes the global economic order, pushing investors... 

Carney’s Liberals win Canada election, setting up talks with US

Canada’s Liberal Party won a fourth consecutive election, giving a mandate to former central banker Mark Carney after a campaign in which he pledged to boost economic growth and stand up to US... 

Codelco takes another step in long path to copper-mine recovery

Codelco posted a slight increase in first-quarter output despite power, weather and maintenance interruptions, as the world’s biggest copper producer battles to compensate for deteriorating ore... 

Zimbabwe restarts minting of gold coins as bullion prices soar to record

Zimbabwe’s central bank is again issuing gold coins it scrapped ten months ago, a step it took to ramp up the bullion stockpile used to back up the local currency, the ZiG. Minting of the so-called... 

DA rules out quitting coalition

The leader of the Democratic Alliance said his party remains committed to being part of the nation’s coalition government despite ongoing wrangling over key policies and legislation, and has no... 

Saudi push into South Africa yields billions of dollars in deals

A flurry of meetings between Saudi Arabia and South Africa over the past year has culminated in discussions about or signed deals worth billions of dollars into Africa’s most industrialized country... 

Gold sinks on trade signals as volatile week comes to a close

Gold fell at the end of a volatile week that saw prices notch a record before retreating, with signs some trade tensions may be easing. Bullion shed as much as 1.4%, dropping for the third time in... 

Panama President ratchets up nationalism ahead of mine talks

Panama’s President Jose Raul Mulino stepped up nationalist rhetoric toward a shuttered copper mine in the country as his administration prepares to negotiate a potential restart with operator First... 

Codelco-SQM lithium deal on track to close this year after antitrust nod

A landmark lithium deal struck a year ago between SQM and Codelco is on course to be finalized before Chile’s general elections after securing a key antitrust approval. Chile’s competition agency,... 

Calibre Mining shares hit 13-year high after Equinox sweetens takeover offer

Calibre Mining shares jumped to their highest price in 13 years after Equinox Gold sweetened its takeover offer for the Canadian gold producer hours before investors were to vote on the deal.... 

Gold falls from record as Trump stances on Fed, China calm fears

Gold fell for a second day after topping $3 500 an ounce for the first time, as investors booked profits and US President Donald Trump gave conciliatory gestures toward China and his central bank... 

Barrick is cashing in on gold’s record rally with asset sales

For Barrick Gold, one of the world’s top bullion producers, the precious metal’s blistering rally to record prices is looking like a great opportunity to raise some cash as the company looks to... 

Australia’s Labor vows critical minerals reserve on election win

Australia’s Labor party will create a critical mineral reserve if the incumbent government wins the upcoming election, seeking to secure supplies of the crucial materials as global trade headwinds... 

Western investors are piling into gold market after three-year hiatus

Western investors are finally back in the gold market after being largely absent for the past three years. This time, they’re coming in force with big purchases of bullion-backed exchange-traded... 

Inflation eases to an almost five-year low

South African inflation slowed to an almost five-year low in March, taking it below the floor of the central bank’s target range. The consumer price index rose 2.7% last month from a year earlier... 

US, South Africa to hold trade talks this week – Reports

The US and South Africa will hold a first round of bilateral talks this week after the Trump administration imposed tariffs on goods and amid frayed diplomatic ties, Business Day reported. South... 

Barrick Gold seeks buyers for its last mine in Canada

Barrick Gold is looking to sell its last mine in Canada in a push to capitalize on record gold prices and a renewed interest in North American mining operations. Barrick began a process in April... 

BHP prepares to start succession process for mining’s top job

BHP Group is preparing to begin looking for a new chief executive officer in the coming months, with key lieutenants already jostling for position to succeed boss Mike Henry at the top of the... 

Silver lining spied for Africa’s gold exporters, oil importers

Surging gold and the slide in oil prices are offering some African countries a rare boost, as the region copes with the fallout from President Donald Trump’s trade war and freeze on US aid. While... 

IMF slashes global growth forecast, says downside risks dominate

The International Monetary Fund sharply lowered its forecasts for world growth for this year and next, warning the outlook could deteriorate further as US President Donald Trump’s tariffs spark a... 

Metals billionaire Agarwal seeks mining reboot amid debt overhaul, Saudi push

Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta, a move aimed at trimming the group’s $11-billion debt pile and... 

Gold surges to record as Trump ramps up threats on Fed’s Powell

Gold rose to an all-time-high, after concern that President Donald Trump could fire Federal Reserve Chair Jerome Powell triggered a flight from US stocks, bonds and the dollar. Bullion climbed as... 

US rare earth miner MP Materials halts exports to China

A US producer of rare earth metals stopped shipments to China after Beijing placed export controls on similar materials crucial for defense and technology manufacturing. MP Materials, which... 

Central banks stare into trade-war abyss with rate cuts primed

Global central banks will mostly stand ready for interest-rate cuts in coming months to cushion their economies from US President Donald Trump’s trade war. Despite flux in implementation, his... 

Turkish nickel bull plans $2bn M&A spree to rival China

Turkish billionaire Robert Yuksel Yildirim is on a $2-billion hunt for nickel mines, betting that the battery metal’s price will rebound and that the West will want those supplies to cut its... 

Asian coal prices fall to fresh four-year low on trade war fears

Asia’s coal price benchmark fell to a four-year low as trade tensions threaten to sap demand, testing levels where miners shut more production. Australian Newcastle futures declined to $94.25 a... 

Iron-ore miners in rocky start to year as tariff turmoil begins

The world’s biggest iron-ore miners face a difficult start to the year, after extreme weather impacted production and as their biggest customer China braces for a trade war. This week, BHP Group,... 

South African court ends R8bn rail contract in anti-graft push

A South African court set aside an R8-billion contract between the State rail operator and a company that’s now a unit of Wabtec Corp for 233 diesel locomotives, part of a long-running crackdown... 

Alcoa reports $20m tariff hit on imports from Canada

Alcoa, the largest US aluminum producer, said President Donald Trump’s 25% tariff on metal imports has cost the company $20-million since the duties went into effect. The Pittsburgh-based company...