G7 weighs price floors for rare earths to counter China's dominance, sources say

Group of Seven (G7) members and the European Union are considering price floors to promote rare earth production, as well as taxes on some Chinese exports to incentivise investment, four sources... 

Lithium Americas soars 90% as Washington considers stake

Shares of Lithium Americas closed at $8.32 after jumping nearly 90% on Wednesday after Reuters reported that the Trump administration is seeking up to a 10% stake in the miner, in the latest sign... 

Ghana study warns of hazardous toxin levels linked to mining as artisanal gold output soars

A boom in artisanal gold mining in Ghana has driven mercury contamination to dangerous levels in host communities, with soil readings in some areas reaching 134 times amounts deemed to be safe, a... 

Southern Copper eyes steady production in Peru, bets big on new projects

Southern Copper expects its copper production in Peru to hold steady this year as it invests $800-million in projects, its chief financial officer told Reuters. Peru is the world's third-largest... 

Chile's Corfo agency preps lithium contracts ahead of SQM-Codelco deal

Chilean economic development agency Corfo said on Monday it has submitted to the comptroller's office the terms of a modified lease agreement with lithium producer SQM through 2030, and of a new... 

Congo will not 'auction' mineral resources to the US, President says

Democratic Republic of Congo President Felix Tshisekedi said on Monday that a US-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President... 

What does the expiry of a US trade deal mean for African economies?

African officials and business executives are fretting over the impending expiry of a crucial, duty-free trade programme with the United States at the end of September, without any word from... 

Australian critical minerals firms flock to US opportunities

MELBOURNE – Some of Australia's most advanced critical minerals producers are moving forward on plans to build processing facilities in the United States, despite Australia's strategic push to... 

Mali announces more new mining deals under revised code

Mali has approved seven agreements granting the State more revenue from international and local mining companies in the latest push by the military government to extract more income from the... 

India signs deepsea mining exploration deal with International Seabed Authority

ndia has signed a 15-year contract with the International Seabed Authority for exclusive rights to explore polymetallic sulphides in the Indian Ocean, the government said on Saturday. Polymetallic... 

South African rand steady ahead of economic data

The South African rand was little changed on Monday as traders looked to this week's local data releases for further clues on the health of Africa's biggest economy. Those releases include a... 

Commodity trader Mercuria bets on boom with foray into uranium, sources say

Mercuria has become the first major commodity house to launch physical trading in uranium, joining banks Natixis and Citibank, as an expected nuclear energy boom fuels interest in the niche market,... 

Congo to replace cobalt export ban with quotas from Oct 16

The Democratic Republic of Congo will lift its ban on cobalt exports from October 16 and manage global supply by imposing annual export quotas, the country’s strategic minerals regulator said on... 

Two bodies found in search for Freeport Indonesia workers trapped in mine, reports say

Two bodies have been recovered in the search for seven Freeport Indonesia workers trapped underground at a major copper mine since September 8 due to heavy mudflows, Indonesian media reported. The... 

'Canada will take a close look at the Teck-Anglo deal,' Finance Minister says

The proposed $53-billion merger between Teck Resources and Anglo American is under review by Canada's federal government, which must make sure it is in the net benefit of the country, Finance... 

BHP likely to appoint Geraldine Slattery as first female CEO, FT reports

BHP Group is likely to appoint Geraldine Slattery, the miner's current head of Australia, as its first female CEO to replace current CEO Mike Henry, the Financial Times reported on Friday. Henry... 

Zimbabwe lifts 2025 growth forecast on tobacco harvest, gold price rally

Zimbabwe now sees its economy growing 6.6% this year, higher than an earlier projection of 6% due to a bigger tobacco harvest and this year's rally in the global gold price, its finance minister... 

Congo considers cobalt export ban extension, quota plan faces delays – sources say

The Democratic Republic of Congo is weighing up an extension of its cobalt export ban by at least two months, as officials work to finalise a quota system aimed at replacing the suspension, three... 

Singapore reviewing short seller claim against India's Vedanta, documents show

The Singapore Police Force is reviewing a complaint by short seller Viceroy Research that natural resources conglomerate Vedanta improperly funded its 2024 dividend, documents viewed by Reuters... 

Santos CEO bets on cash flow boost as third suitor walks away

antos CEO Kevin Gallagher said on Friday he has no plans to retire and expects a sharp jump in cash flow in the next few years to boost the Australian gas producer's shares, after its third suitor... 

South African minister meets US representative in push for trade deal

South African Trade Minister Parks Tau has met US Trade Representative Jamieson Greer for talks, Tau's office said on Friday, as Africa's biggest economy tries to reach a deal to roll back steep US... 

US lawmaker wants Trump to restrict Chinese flights over rare earths access

The chair of a US House of Representatives committee on China on Thursday called on the Trump administration to restrict or suspend Chinese airline landing rights in the US unless Beijing restores... 

Zijin Gold launches $3.2bn Hong Kong IPO, city's largest in 2025

Zijin Gold International, a wholly owned unit of China's Zijin Mining, is aiming to raise HK$24.98-billion in a Hong Kong IPO, in what will be the largest in the city this year, according to its... 

Diamond selling processes are outdated and hurting producers, trader says

The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on... 

Gold exports from Switzerland to China soared in August

Gold exports from Switzerland to China jumped 254% in August compared with July to their highest level since May 2024 and supplies to India rose, partly offsetting a slump in deliveries to the... 

SARB holds key rate to assess impact of earlier cuts

South Africa's central bank left its key lending rate at 7% in a tight decision, holding off from easing monetary policy further while it assesses the impact of previous rate cuts. Thursday's... 

Ukraine, US launch fund for critical minerals projects with $150m investment

Ukraine and the US International Development Finance Corporation will each commit $75-million to a joint investment fund that is part of Kyiv's minerals deal with Washington first signed in April,... 

Rand slips before South African Reserve Bank's rate decision

The South African rand slipped on Thursday ahead of an interest rate decision by the central bank. At 0622 GMT, the rand traded at 17.45 against the dollar, about 0.3% weaker than Wednesday's close. 

Santos stock slumps as $18.7bn ADNOC-led deal collapses

Australian gas producer Santos' shares fell nearly 14% on Thursday after a consortium led by Abu Dhabi National Oil Company scrapped its $18.7-billion bid for the company, saying commercial terms... 

Australia's watered down emissions target draws ire of environmentalists

Australia on Thursday set its 2035 emissions target at a reduction of 62%-70% from 2005levels, a lower-than-expected figure that was criticised by green groups. The United Nations has asked... 

Ivanhoe Mines in ongoing talks with sovereign funds after Qatar investment, Friedland says

Ivanhoe Mines is in constant dialogue with sovereign wealth funds for potential investments aimed at supporting the company's push to boost production of copper and other critical minerals,... 

Court annuls permit for Eskom to build new gas power plant

One of South Africa's top courts on Wednesday annulled a government permit allowing state utility Eskom to build a large power plant burning natural gas, saying there had not been proper public... 

ADNOC-led consortium pulls bid for Australia's Santos

Abu Dhabi National Oil Company's international investment arm XRG said on Wednesday that an investor group it was leading had withdrawn an indicative $18.7-billion offer to buy Australian gas... 

Deutsche Bank raises 2026 gold forecast to $4 000 as bullion hits record highs

Deutsche Bank raised its gold price forecast by $300 for next year to an average of $4 000/oz on Wednesday, due to strong central bank demand, potential US dollar weakness and a resumed Federal... 

South Africa inflation falls to 3.3% y/y in August

South African inflation unexpectedly slowed in August thanks to softer fuel and food prices, with some analysts saying the central bank might now decide to cut interest rates on Thursday. Headline... 

Zimbabwe agrees $455m power plant refurbishment deal with Jindal

Zimbabwe has agreed a $455 million, 15-year concession deal with the Africa-focused unit of India's Jindal Steel for the refurbishment of a 920 MW coal-fired power plant, the energy minister said.... 

South African rand flat ahead of expected US rate cut, local inflation print

The South African rand was little changed in early trade on Wednesday ahead of an expected US Federal Reserve interest rate cut and domestic consumer price index and retail sales numbers. At 0701... 

Syrah Resources gets Tesla reprieve in graphite supply deal

Australia's Syrah Resources said on Wednesday that it has agreed with Tesla to extend the deadline to address an alleged breach of their critical graphite supply agreement, buying the miner... 

Canada industry Minister to meet CEOs of Teck and Anglo American

Canadian Industry Minister Melanie Joly on Tuesday said she would be meeting the CEOs of Anglo American and Teck Resources next week to discuss their proposed merger. "There have been... 

BHP to suspend operations, cut jobs at Australian coking coal mine

BHP will suspend operations and cut 750 jobs at a Queensland coking coal mine it shares with a unit of Mitsubishi, blaming low prices and high state government royalties that have dented its...