Barrick Gold beats profit estimates; announces new share buyback

Canada's Barrick Gold beat analysts' estimates for fourth-quarter profit on Wednesday on higher gold prices and production. On an adjusted basis, the world's second-largest gold miner posted a... 

Uranium ban repeal in Greenland could revive massive rare earth project, licence holder says

he mining company that owns the licence to Greenland's Kvanefjeld deposit is hopeful that a new government will repeal a ban on uranium mining after next month's election, potentially rejuvenating... 

Mining giant Grupo Mexico misses estimates

Mining giant Grupo Mexico reported a drop in its net profit during the fourth quarter on Tuesday, missing analysts' estimates and dragged down by losses in its infrastructure division and a smaller... 

First Quantum's final hearings on Cobre Panama copper mine moved to 2026

Canada's First Quantum said on Tuesday the final hearing for the Cobre Panama mine under the International Chamber of Commerce proceedings has been moved to February 2026 from September of the... 

Australia won't curb 'green' aluminium exports to US to avoid tariff, says Minister

Australia's industry minister said on Wednesday the nation's plan to boost "green" aluminium exports would not be derailed by the threat of US tariffs, saying American customers would only end up... 

Evolution Mining hits over four-year high after profit beats estimates

Shares of Australia's Evolution Mining jumped to a more than four-year high on Wednesday after the gold miner's half-year profit topped market estimates. The stock rose as much as 2.4% to A$6.370,... 

Too early to assess US tariffs' impact on world economy, IMF managing director says

US tariffs are an "evolving story" and it is too early to assess their impact on the world economy, International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday. She told the... 

South Africa's military reinforces beleaguered Congo mission

South Africa has sent additional troops and military equipment to Democratic Republic of Congo in recent days, political and diplomatic sources said, after 14 of its soldiers were killed in... 

US coal exports to India expected to rise due to China tariffs

The United States is expected to boost coal exports to India after China imposed tariffs on energy imports from the US, five industry officials said, potentially eroding Australia and Russia's... 

ArcelorMittal South Africa shares down 2% after Trump steel tariffs

Shares in steel producer ArcelorMittal South Africa traded 2% weaker on the Johannesburg Stock Exchange early on Tuesday after US President Donald Trump's tariffs on steel imports to the United... 

Gold bulls lock in on glittering milestone; $3 000/oz in sight

US President Donald Trump's latest tariff threats have ignited another gold rush, propelling the safe-haven metal to new heights and bringing the glittering $3 000 milestone into view. Spot gold... 

Trump raises tariffs on aluminum, steel imports in latest trade war salvo

President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move to aid the struggling industries but which... 

Argentina's Milei meets CEOs of Ganfeng, Lithium Americas

Argentina's President Javier Milei met the chief executives of Lithium Americas and Ganfeng at the Presidential palace in Buenos Aires, his government said on Monday. Milei and the heads of the... 

Nornickel reports 37% drop in 2024 net profit

Russia's Nornickel, a major world producer of refined nickel and palladium, said its 2024 net profit fell 37% to $1.8-billion as Western sanctions and low metals prices squeezed earnings.... 

Labour, inflation to weigh on gold miners' results

Higher labour costs and sticky inflation could continue to weigh on gold miners' profits going into 2025, analysts said, but soaring prices of the yellow metal should still boost free cash flow.... 

Pilbara Minerals expects to swing to first-half loss

Australia's Pilbara Minerals said on Monday it expects to swing to an underlying loss for the first half, as it placed one of its two processing plants in care and maintenance due to a steep drop... 

South Africa halts search for trapped illegal miners over safety concerns

South African authorities on Monday suspended rescue operations for an unspecified number of alleged illegal miners trapped in an abandoned mine shaft west of Johannesburg due to safety concerns.... 

Iron-ore at multi-month high as improving fundamentals outweigh Trump tariff threat

Iron-ore futures gained on Monday as earlier losses triggered by US President Donald Trump's latest tariff threats were countered by signs of recovering demand in top consumer China and falling... 

Global Lithium seeks government help, alleging Chinese control attempt

Australia's Global Lithium Resources is pressing the government to halt what it calls a takeover attempt by Chinese investors of its cornerstone asset ahead of a shareholder meeting this week. The... 

Mali gold production plunges 23% in 2024

Mali's industrial gold production plunged 23% to 51 metric tons last year from 66.5 tons in 2023, the West African country's mines ministry said. Mali is one of Africa's top gold producers and home... 

Australia says its steel, aluminium exports create American jobs

Australia's trade minister said its steel and aluminium exports to the US create "good paying American jobs" and are key to shared defence interests, as Canberra presses Washington for an exemption... 

Codelco targets 1.39Mt of copper output in 2025 - document

Chilean state miner Codelco, the world's largest copper producer, is targeting production of 1.391-million metric tons of the red metal this year, according to an unpublished government decree... 

Indonesia's 2024 coal output hits record high

Indonesia produced a record 836-million metric tons of coal in 2024, nearly 18% above its target of 710-million tons, Energy and Mineral Resources Minister Bahlil Lahadalia said on Monday. The... 

EU set to launch joint buying for hydrogen in September

The EU will launch its joint purchasing platform for critical resources with hydrogen buying in September, three EU sources told Reuters. Critical minerals purchases will follow, possibly in the... 

Indonesia trade ministry supports extending Freeport's copper export permit

Indonesia's trade ministry would support allowing PT Freeport Indonesia to continue exporting copper concentrate after a cost-and-benefit analysis, a deputy minister said on Friday. Resource-rich... 

Cochilco expects copper price to be $4.25/lb through 2026

Chile's state copper commission Cochilco held its copper price forecast for 2025 steady at $4.25/lb and also used the same price for its new 2026 projection, the agency said on Thursday. Cochiloc... 

Savannah suspends some lithium prospecting in Portugal after injunction

London-based Savannah Resources has suspended prospecting works at some sites of its lithium project in northern Portugal due to a precautionary injunction filed in a court by some landowners, the... 

Vale takes full control of Baovale iron-ore project

Brazilian miner Vale confirmed on Thursday it has bought the 50% stake in its Baovale tie-up previously owned by its Chinese partner Baoshan Iron & Steel, known as Baosteel, a move that gives Vale... 

Gold prices to remain up, reaching $3 000/oz in near-term, says Citi

Leading global banks anticipate that gold prices will remain elevated throughout 2025, potentially reaching the $3 000 mark, as geopolitical uncertainties continue to shape investor sentiment.... 

South Africa will deepen reforms to try to lift growth above 3%, president says

South African President Cyril Ramaphosa said on Thursday that his government would launch another phase of reforms to try to lift economic growth above 3%. "We want a nation with a thriving... 

Vedanta aims to raise $1bn via debt to fund Zambian copper mines

Vedanta Resources is trying to raise around $1-billion in debt financing to fund development of its Konkola Copper Mines (KCM) in Zambia, Chris Griffith, head of the company's base metals unit,... 

Iron-ore pares losses on Australia supply worries, softer US dollar

Iron-ore futures clawed back higher on Thursday, supported by a softer dollar and Australia supply snags, while investors looked for fresh developments surrounding the trade war between the United... 

Amplats CEO sees investor interest ahead of spinoff

Anglo American Platinum (Amplats) is seeing a high level of investor interest in the business as it prepares to spin off as an independent entity from its parent Anglo American, Amplats CEO Craig... 

Syrah Resources hopes to resume production of Mozambique site in first quarter

Syrah Resources hopes to restart production at its Balama graphite project in Mozambique during the first quarter, which will ultimately lead to the lifting of force majeure, the Australian... 

Chinese firms control around 75% of Indonesian nickel capacity, report finds

Chinese firms control about 75% of Indonesia's nickel refining capacity, raising concern over supply chain control and environmental risks, Washington-based global security nonprofit C4ADS has said... 

South Africa business activity contracts again in January, PMI shows

South African private sector activity contracted sharply in January as output fell due to lower sales, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers' Index fell to... 

Transnet sees rail volumes falling short of target this year

South African logistics group Transnet's rail freight volumes could reach 160-million to 165-million tons in the year to end March, its CEO said on Tuesday, ahead of last year but short of a... 

Africa Energy Bank targets mid-year launch with South Africa indicating interest

The proposed Africa Energy Bank, which aims to fund oil and gas projects across the continent, is set to start operations by mid-year this year, with South Africa also indicating interest to join,... 

China expands critical mineral export controls after US imposes tariffs

China said on Tuesday it would restrict exports of five metals used in defence, clean energy and other industries in response to fresh US tariffs, refraining from the outright export bans Beijing... 

Trump says he wants Ukraine to supply US with rare earths

US President Donald Trump said on Monday he wants Ukraine to supply the United States with rare earth minerals as a form of payment for financially supporting the country's war efforts against...