Canada's Allied Gold could look at options for power supply deal at Sadiola mine

Canadian miner Allied Gold could look at alternative options for a power supply deal at its Sadiola mine in Mali following a surge in gold prices and the emergence of new opportunities,its CEO told... 

Omani fund replaces Russia's Alrosa in Angolan diamond miner Catoca

A subsidiary of Oman's sovereign wealth fund has replaced sanctions-hit Russian firm Alrosa as a shareholder in Angola's state-controlled diamond miner Catoca, according to the shareholder... 

South African rand stable ahead of US-China trade talks

The South African rand was steady in early trade on Monday, as markets awaited pivotal US-China trade talks set to take place later in the day that could ease tensions between the two nations. At... 

Auto companies 'in full panic' over rare-earths bottleneck

Frank Eckard, CEO of a German magnet maker, has been fielding a flood of calls in recent weeks. Exasperated automakers and parts suppliers have been desperate to find alternative sources of... 

China May iron-ore imports fall on expectations of seasonally slow demand

China's iron-ore imports dropped 4.9% in May from April, as mills exercised caution in procurement for seaborne cargoes in anticipation of seasonally slower steel consumption. The world's largest... 

US and China set for trade talks in London on Monday

Three of US President Donald Trump's top aides will meet with their Chinese counterparts in London on Monday for talks aimed at resolving a trade dispute between the world's two largest economies... 

Rio Tinto in bailout talks for Australian aluminium smelter, AFR reports

Global miner Rio Tinto is in talks with Australian federal and state governments about a multibillion-dollar bailout for its struggling Tomago aluminium smelter in New South Wales state, the... 

Botswana's Debswana curbs diamond production as weak demand persists

Botswana's Debswana Diamond Company is temporarily pausing production at some of its mines, cutting output in response to prolonged weakness in the global diamond market, it said on Friday. The... 

China's Sinomine halts Namibia copper smelter, citing concentrate shortage due to global 'overcapacity'

China's Sinomine Resource Group said on Friday it has temporarily paused copper smelting operations at its Tsumeb plant in Namibia, citing a shortage of concentrate following a rapid expansion in... 

South Africa to ramp up vaccinations as foot-and-mouth disease spreads

South Africa is building up vaccine stocks and expanding inoculations to fight a worsening foot-and-mouth disease outbreak, the agriculture ministry said, as the country faces threats to beef... 

AFC to sign $320m deal with Italy to bolster Lobito funding

Africa Finance Corporation, a Lagos-based continental financier, will sign a deal with Italy for $320-million financing partly for a new transport corridor linking critical mineral fields with an... 

Chilean business magnate Ponce exits firms with stakes in lithium miner SQM

Chilean business magnate Julio Ponce will leave several of his companies, he said in a statement on Thursday, while the firms announced a broader restructuring that seeks to merge units into fewer... 

Serbian farmers vow to oppose Rio Tinto lithium project even after EU labels it strategic

Zlatko Kokanovic, a farmer from Serbia's Jadar region, is determined to stop development of a Rio Tinto lithium project, identified this week as strategic by the European Commission as it aims to... 

Trump and Xi agree to more talks as trade disputes brew

US President Donald Trump and Chinese leader Xi Jinping confronted weeks of brewing trade tensions and a battle over critical minerals in a rare leader-to-leader call on Thursday that left key... 

Australia is 'safe and reliable' critical minerals alternative, minister says

Australia offers a secure alternative supply for critical minerals vital to industry, its trade minister Don Farrell said on Thursday, in the face of rising concerns about Beijing's dominance of... 

Mali hearing on Barrick's Loulo-Gounkoto complex adjourned to June 12

A Malian court has adjourned until June 12 a hearing on whether to put the Loulo-Gounkoto gold mining complex, suspended since January due to a dispute between its owner Barrick Mining and Mali's... 

AFC says Africa has $4tr local capital available to fund infrastructure

African governments should turn to an estimated $4-trillion in capital held by domestic institutions like pension funds to develop much-needed local infrastructure as external funding sources wane,... 

Australia's Lynas surges as automakers flag risks from China's rare-earth export curbs

Shares of Australia's Lynas Rare Earths climbed on Thursday to their highest point in more than two years, after global automakers warned that China's export restrictions on rare-earth materials... 

Nickel oversupply to persist on expansion, slower demand growth, industry experts say

Oversupply in the global nickel market is expected to persist over the next few years given production capacity expansion and slower growth in demand for the metal used in batteries and stainless... 

South African rand weaker before Q1 current account data

The South African rand was weaker in early trade on Thursday, ahead of local first-quarter current account data. At 0551 GMT the rand traded at 17.8425 against the dollar, about 0.2% weaker than... 

Cobalt Holdings drops plans for London IPO

Metals investor Cobalt Holdings said on Wednesday it would not proceed with its planned initial public offering on the London Stock Exchange, ending hopes for what could have been the largest... 

Canadian miners Hudbay, SSR pause operations due to wildfires

Canadian mining firms Hudbay Minerals and SSR Mining said on Wednesday they had temporarily suspended operations in their respective mines that were close to wildfires in parts of the country.... 

Canadian Natural Resources restarts oil sands operation as wildfire risk lessens

Canadian Natural Resources has restarted its Jackfish 1 oil sands site in northern Alberta after determining wildfires in the region were a safe distance away. The country's biggest oil producer... 

China's rare earth export curbs hit the auto industry worldwide

Some European auto parts plants have suspended output and Mercedes-Benz is considering ways to protect against shortages of rare earths, as concerns about the damage from China's restrictions on... 

Rio Tinto revising cost of Serbia lithium project

Rio Tinto is revising the cost of its Serbian lithium project that the European Commission identified as one of 13 strategic new critical material projects, Chad Blewitt, managing director of the... 

Australia and EU determined to seal trade deal, Australian Minister says as talks revive

Australia and the European Union have revived talks for a sweeping free trade agreement, after Australia's trade minister Don Farrell met with the European Commissioner for Trade Maroš Šefčovič in... 

S&P says South Africa needs faster growth to secure rating upgrade

South Africa needs faster economic growth and credible fiscal consolidation to secure its first credit rating upgrade in two decades, a senior S&P Global Ratings official said on Wednesday. At its... 

South African business confidence slips in second quarter of 2025 on tariff woes

South African business confidence fell in the second quarter of 2025, pressured by trade uncertainties due to US President Donald Trump's "Liberation Day" tariffs and local logistical constraints,... 

South Africa's business activity growth hits four-year high, S&P PMI shows

South African business activity grew at its fastest pace in four years in May, driven by a robust increase in private sector output and improved customer confidence, a survey showed on Wednesday.... 

Local debt markets could shield Africa as funding sources shrink, Moody's says

African countries should focus on developing liquid local debt markets in their home currencies to protect them from global volatility and fickle foreign investors, said Moody's global head of... 

Woodside Energy files arbitration proceedings against Senegal

Australia's Woodside Energy, which operates Senegal's Sangomar oil and gas field, has filed a complaint with the World Bank's International Centre for Settlement of Investment Disputes against the... 

Mali suspends artisanal gold mining activities due to weather conditions

Mali has suspended artisanal gold mining activities during the June to September rainy season to protect workers from landslides, the West African country's mines ministry said on Tuesday. A... 

EFF in court to block fuel tax increase

The Economic Freedom Fighters went to court on Tuesday to try to block a fuel tax increase that Finance Minister Enoch Godongwana proposed in last month's budget. The 4% increase in the levy South... 

Astronomers fear impact of Musk's Starlink on South Africa mega-telescope observations

Astronomers working with South Africa's SKA telescope are pushing authorities to ensure that any licensing agreement with Elon Musk's Starlink will protect their groundbreaking observations, a... 

Carney and Canadian premiers bid to speed up major projects, cut US reliance

Prime Minister Mark Carney, seeking to reduce Canada's economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining... 

Trump administration proposal would lift Biden-era limits on Alaska oil drilling

The administration of US President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public... 

Mali court adjourns hearing on whether to put Barrick's gold mines under provisional administration

A Malian court has adjourned to Thursday a hearing on whether to put Barrick Mining's Loulo-Gounkoto gold complex under provisional administration, the court's registry office and one of the... 

France's Eramet says it will work with Gabon despite manganese export ban

French miner Eramet, the main shareholder in Gabon-based manganese mining firm Comilog, said it will aim to safeguard the 10 460 Gabonese jobs sustained by Comilog and Comilog railway transport... 

South African rand gains before manufacturing PMI, vehicle sales data

The South African rand gained some ground against a weaker dollar in early trade on Monday, ahead of a purchasing managers' index (PMI) survey for the domestic manufacturing sector and vehicle... 

Panama says First Quantum copper mine maintenance plan is not a restart

Panama has approved First Quantum Minerals' maintenance plan for its closed copper mine in the country, but not a re-start of the site, a top trade official said on Friday. Trade and Industry...