Tiger Brands forecasts higher earnings on margin gains, cost-cutting

 Tiger Brands expects an up to 15% rise in annual headline earnings, as improved operating margins and cost-cutting offset pressure on consumer spending and commodity price deflation. The country's... 

Zuma's daughter pleads not guilty over deadly South African riots as trial begins

Duduzile Zuma-Sambudla, a daughter of former South African President Jacob Zuma, pleaded not guilty on Monday to charges of inciting violence during riots in 2021 in which more than 300 people were... 

Aluminium premium hits record in US on tariffs, global squeeze

Premiums for consumers buying aluminium on the physical market in the US have hit record highs, driven by steep import tariffs and tight supplies globally. President Donald Trump doubled tariffs... 

China grants conditional approval for Codelco-SQM lithium joint venture

China's market regulator said on Monday that it granted conditional approval for a lithium-related joint venture between Chile's state-run copper giant-Codelco and local lithium producer SQM. The... 

European countries back $2.5bn initiative to protect Congo rainforest

European nations have backed a $2.5-billion plan to save the Congo rainforest, France's presidency told a UN climate summit, launching a conservation scheme that may steal some thunder from the... 

Why coal still clings on in renewable energy powerhouse Brazil

One of Brazil's last coal plants roared back to life in July after a powerful business group invested millions to keep its turbines turning in the southern mining town of Candiota. The plant's... 

Japan's Marubeni to invest in Australian critical minerals project

Japan's Marubeni said on Monday it will invest in a mineral sands project of Australia's RZ Resources, following in the footsteps of compatriot JX Advanced Metals which struck a similar deal with... 

China halts ban on gallium, germanium, antimony exports to US, but controls remain

China has suspended a ban on exports of gallium, germanium and antimony to the US, its commerce ministry said on Sunday, although the three metals remain subject to broader export controls... 

Newmont's restructuring impacts 16% of jobs in the company, memo shows

Newmont's restructuring following the acquisition of Australian miner Newcrest has impacted 16% of the company's workforce, according to an internal memo to staff seen by Reuters. The reductions... 

Congo suspends activities at Chinese mine after spill

The Democratic Republic of Congo has suspended activities at a Chinese-operated mining site in the south of the resource-rich country after a spill, mines minister Louis Watum Kabamba said late on... 

South African rand steady as global stock markets correct

The South African rand was steady on Friday trade, as investors worried about a correction in global stock markets following strong gains. At 16:00, the rand traded at 17.34 against the dollar.... 

Freeport Indonesia says investigation concluded on Grasberg incident

Freeport Indonesia said on Friday that an investigation into a mud flow that killed seven workers at its Grasberg copper and gold mine has ended and the company has received improvement... 

Botswana and Angola hold talks as both seek control of De Beers

The mining ministers of Botswana and Angola held talks in Botswana's capital on Friday on cooperation in the diamond sector, as the two Southern African countries seek to take control of Anglo... 

Albemarle's cost cuts, steady volumes fuel smaller loss amid weak lithium prices

Albemarle reported a smaller-than-expected loss for the third quarter on Wednesday, as the lithium producer's tight leash on costs and resilient sales volumes softened the squeeze from persistently... 

South Africa to investigate how 17 citizens were lured into fighting in Ukraine

South Africa's government said on Thursday it will investigate how 17 of its citizens joined mercenary forces in the Russia-Ukraine conflict after the men sent distress calls for help to return... 

Nutrien tops profit estimates, launches review of phosphate business

Nutrien beat analysts' expectations for third-quarter profit on Wednesday, and said it would initiate a review of strategic alternatives for its phosphate business. US-listed shares of the... 

Boeing settles with families of three 737 MAX crash victims

Boeing has reached settlements in three lawsuits brought by the families of victims who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX, the attorney representing the families... 

Vodacom settles 17-year 'Please Call Me' legal dispute

Telecoms group Vodacom said on Wednesday it had reached an out-of-court settlement in a dispute with a former employee over his role in creating the company's call-back messaging service. The legal... 

Can Africa ride critical minerals wave to economic boom?

As global powers scramble for critical minerals, African countries are pushing for new investment to process more of their own raw materials and meet their people's demands for economic growth and... 

South Africa's private sector activity declines as demand weakens in October, PMI shows

South Africa's private sector activity contracted for the first time in seven months in October, as firms faced a renewed downturn in output and orders, S&P Global reported on Wednesday. The South... 

South Africa's rand pauses slide as investors await next catalyst

South Africa's rand inched up early on Wednesday, attempting a recovery from an almost two-month low as investors awaited fresh signals on the global and domestic economic outlook. At 0630 GMT, the... 

Codelco cuts copper output guidance for 2025

Chile's Codelco, the world's largest copper producer, cut on Tuesday its forecast for 2025 output, despite higher production in the year's first nine months through September. The state-owned... 

Putin orders road map for Russian rare earths extraction

Russian President Vladimir Putin on Tuesday ordered the Russian cabinet to draw up by December 1 a road map for the extraction of rare earth minerals. In a list of tasks for ministers published on... 

G20 taskforce calls for global panel to tackle 'inequality emergency'

A G20 taskforce established by South African President Cyril Ramaphosa has called for the creation of an international panel to tackle inequality, warning that extreme wealth disparities disrupt... 

TechMet to add to portfolio, fears Europe losing battle for critical minerals

The CEO of US-backed investment vehicle TechMet is evaluating portfolio additions, including bidding for a Ukraine lithium deposit, but worries that Europe is lagging behind the US in building a... 

China cuts gold tax exemption as state bank stops gold product enrollments

A Chinese state bank closed retail gold accounts to new investors on Monday, two days after Beijing tweaked a long-standing tax exemption for the metalthat is likely to hit retail demand in the... 

South African factory mood sours in October

South Africa's manufacturing sentiment deteriorated in October, dragged down by subdued domestic demand and sluggish exports, a purchasing managers' index survey showed on Monday. The... 

Resource disputes between investors and states hit ten-year high

Disagreements between governments and investors over resources are at a ten-year high, law firm DLA Piper said, driven by resource nationalism and growing competition between the US and China for... 

Vale likely to announce extraordinary dividends soon, CFO says

Vale is likely to announce extraordinary dividends in the coming months, CFO Marcelo Bacci said during a call with analysts on Friday, following the release of the Brazilian miner's third-quarter... 

Angola says national budget will not fund Endiama's De Beers bid

Angola will not fund state-owned miner Endiama's proposed acquisition of a stake in De Beers through the national budget, Finance Minister Vera Daves de Sousa said on Friday. Endiama has bid for a... 

Trump administration announces $100m in funding to upgrade coal plants

The US Department of Energy on Friday announced that it would make $100-million available to refurbish and modernize existing coal-fired power plants. The move is part of the Trump... 

South African rand inches higher ahead of manufacturing PMI, car sales data

The South African rand edged higher in early trade on Monday, ahead of the release of a local manufacturing purchasing managers' index (PMI) survey and vehicle sales numbers for the month of... 

Angola diamond production totals 10.7Mct in January-September

Angola's rough diamond production reached 10.7-million carats in the nine months to September, a government official said on Friday, as the country targets another record haul this year. The... 

Newmont CEO says Ghana's fiscal stability key as $900m gold mine opens

Fiscal stability and fair tax and royalty systems are vital if countries want to attract mining investment, Newmont CEO Tom Palmer told Reuters as the company opened its $900-million Ahafo North... 

Hastings to negotiate offtake deal with Ucore for Yangibana project

Australia's Hastings Technology Metals said on Friday its Yangibana joint venture project in Western Australia has agreed to negotiate for a potential offtake deal with North American rare-earths... 

South African rand remains subdued amid dollar strength

The South African rand weakened this week, along with other emerging market currencies, as the dollar firmed on uncertainty over further US rate cuts following the Federal Reserve's more... 

Arkansas aims to become US lithium hub, overcoming Chinese competition, tech challenges

Arkansas faces stiff Chinese competition, sagging market prices and technological challenges as it vies to become the hub for US lithium production, obstacles that state officials and industry... 

CATL taps outside suppliers for lithium ore as flagship mine stays closed

China's CATL has placed orders with external suppliers for lithium ore in November, sources say, as the battery giant seeks alternative feedstock while its flagship Jianxiawo mine is closed. A... 

Vale posts net profit beat, cuts cost outlook for copper, nickel

Vale, one of the world's largest iron-ore miners, posted on Thursday a third-quarter net profit that landed above analysts' estimates, while also cutting its full-year cost projections for copper... 

Mozambique may dispute TotalEnergies proposals on LNG project

Mozambique's government may have counter-arguments to the updated budget and schedule proposed by TotalEnergies for the liquefied natural gas (LNG) project it is leading in the Southern African...