Anglo CEO says Mali mining developments cause for grave concern

The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American... 

Breakthrough in NHI impasse

South Africa’s government signalled that it is making headway in resolving an impasse over a new national medical-insurance plan that critics say will infringe on the rights of patients and... 

Gold holds near record high as trade war stokes haven demand

Gold held near a record high in Asian trading, after rising by almost 1% in the previous session, as the opening salvos of the US-China trade war stoked haven demand. Bullion reached an all-time... 

Barrick CEO says miner making progress in dispute with Mali

Barrick Gold CEO Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected. The Canadian company last month... 

64 NGOs ask EU to cancel mineral pact with Rwanda over Congo war

A group of 64 organizations mainly from the Democratic Republic of Congo sent a letter asking the European Union to cancel a critical minerals partnership with Rwanda because of its support for a... 

Guinea sees maximum Simandou output in second year of operation

Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation. The government projects the two... 

Africa50 to set up off-grid power, green infrastructure funds

Africa50, a pan-continental infrastructure investor, is setting up the first region-wide investment vehicle dedicated to off-grid power companies and plans a $500-million fund to invest in... 

Insurance tycoon and property developer douw Steyn dies at 72

Douw Steyn, a South African insurance tycoon and luxury property-estate developer, died at 72. The founder of local insurer Auto & General and the UK’s BGL Group also set up Steyn City, a private... 

Gates-backed KoBold begins hunt for battery metals in Namibia

KoBold Metals Co., backed by billionaires including Bill Gates and Sam Altman, is extending its search for battery metals to Namibia, a country not known for producing the minerals. The company is... 

World Bank lifts South Africa GDP forecast on energy, logistics

The World Bank raised its economic-growth forecast for South Africa because of a sustained recovery in its energy and logistics sectors, while warning that the nation will struggle to achieve a... 

De Beers CEO says US diamond demand shows signs of recovery

De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse... 

Energy giant Vitol targets copper market with hire from Glencore

Vitol Group has hired a former Glencore trader to develop a copper business, as the energy trading powerhouse seeks to enter the highest-profile metals market. Bruno Porto, a veteran copper trader... 

ERG mulls selling Mozambican assets, reviewing Congo permits

Kazakhstan-backed Eurasian Resources Group plans to review some of its mining permits in the Democratic Republic of Congo and is considering selling assets in Mozambique as part of a revamp, the... 

Trump’s Canada, Mexico border deals avert trade war for now

President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbors agreed to take tougher measures to combat migration and drug trafficking at the border,... 

Copper and zinc climb as Trump delays tariffs on Canada, Mexico

Copper and zinc rose after President Donald Trump delayed tariffs on Canada and Mexico by a month, dragging the US dollar lower. Copper, an industrial bellwether, extended gains Tuesday amid the... 

US aluminium industry urges Trump to exempt Canada from tariffs

The US aluminum industry called on President Donald Trump to exempt Canadian imports of the raw metal from his planned tariffs to help protect jobs and domestic manufacturers. Trump announced... 

Metals drop as Trump tariffs raise inflation, growth fears

Iron-ore and aluminum led metals lower after President Donald Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that could sap global economic growth. The steelmaking... 

Diamond-dependent Botswana needs economic reset, new leader says

Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional borrowing as part of a plan to diversify the... 

Indonesia says climate plan 'certain' to be scrapped by Trump

An international plan to wean Indonesia off coal is certain to be scrapped by US President Donald Trump, according to the country’s climate envoy. The US is certain to exit the nation’s Just... 

Trump barrels toward tariff showdown with Canada, Mexico, China

President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation. The... 

World Bank, AfDB set terms for Africa to win $40bn in power finance

The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two... 

Chinese firms to build $2bn Tanzanian rail to nickel mine

Tanzania signed a $2.15-billion deal with two Chinese firms to construct a railway linking its main port of Dar es Salaam to a nickel mine in neighboring Burundi. Tanzania Railways Corp awarded the... 

Godongwana rebuffs Transnet debt-relief demand

Finance Minister Enoch Godongwana vowed to keep showing “tough love” toward the nation’s ailing State-owned enterprises, rebuffing calls for a bailout of Transnet. The African National Congress... 

Shell, Thebe near $1bn South Africa oil asset sales pact

Shell and its South African partner are close to ending a valuation dispute, paving the way for the sale of the oil giant’s local downstream assets for as much as $1-billion, according to people... 

Navajo Tribe agrees to allow uranium shipments, ending six-month standoff

Energy Fuels reached an agreement with the Navajo Nation to resume transport of uranium ore on the nation’s territory after a six-month standoff that halted production at the company’s Arizona... 

Duduzile Zuma-Sambudla to be charged with inciting terrorism

Former South African President Jacob Zuma’s daughter will face charges related to anti-government riots in the country four years ago in which 354 people died. Duduzile Zuma-Sambudla, a lawmaker... 

Botswana’s leader says diamond deal reached with De Beers

Botswana’s President Duma Boko, who swept to power in October elections, said his government has reached a diamond extraction and sales agreement with De Beers that will bring certainty to the... 

Liberia anticipates new minerals discovery will draw $3bn

Liberia expects to attract $3-billion in investment after the discovery of new minerals, President Joseph Boakai said. Studies conducted over five decades and funded by the Chinese show the iron... 

DeepSeek reveals how badly energy industry needs AI for growth

Pipeline networks and nuclear startups. Texas landowners and fuel-cell makers. In one brutal blow, DeepSeek has revealed just how many energy-related businesses in the US have been banking on an... 

World Bank’s Banga seeks $85bn to leverage Africa’s youth

World Bank president Ajay Banga said boosting access to electricity is the key to unlocking the demographic dividend in the world’s youngest continent. Banga, who spoke in an interview at the... 

Copper extends losses after Trump threatens tariffs on metals

Copper declined after US President Donald Trump said he planned to impose import tariffs on the metal, as well as aluminum and steel, raising fears of trade wars and spurring further gains in the... 

Vale shares shed $17bn as iron-ore slump foils turnaround

A weaker China economy and battered iron ore prices have helped drive down Vale’s stock, making investors wary of uncertainties plaguing one of the world’s top suppliers of the steelmaking... 

Alphamin slumps after rebels take Goma

Alphamin Resources shares fell the most in nine years after Rwanda-backed rebels overran the eastern Congolese city of Goma, the capital of North Kivu province where the company’s tin mines are... 

India coal giant’s profit drops amid softening demand

State-miner Coal India Limited reported a 17% decline in third-quarter profit, after a slowing economy resulted in a moderate consumption growth for the fuel that helps produce nearly... 

Parks Tau says no new tax planned for black-owned firms fund

South Africa is still discussing whether to set up a new fund to promote Black-owned businesses, and suggestions that new taxes will be imposed to capitalise it are unfounded, the nation’s trade... 

ANC wants National Treasury to rescue Transnet

South Africa’s biggest political party will ask the National Treasury to consider a one-off debt-relief package for state-owned rail and ports operator Transnet before next month’s budget. Transnet... 

Rate chokehold on African economies is set to loosen slowly

Over the course of the next month, African nations representing almost three-quarters of the continent’s gross domestic product are set to stake out different approaches to interest rates, as they... 

Gold tracks for weekly gain as tariff threats stoke haven demand

Gold held near the highest since October as traders weighed President Donald Trump’s latest tariff threat against Europe, along with his vow to push for more interest-rate cuts. Bullion was... 

Trump moves likely inflationary for South Africa, FirstRand CEO says

Tariffs proposed by US President Donald Trump will likely have an inflationary impact on South Africa, according to the chief executive officer of one of the country’s largest banks. Trump’s moves... 

South African coal, metal exporters to spend billions fixing rail

South African coal and iron-ore exporters aim to sign agreements with state-owned logistics company Transnet next month that could pave the way for them to spend billions of rand to help fix...