Aluminium premium for US buyers soars after Trump doubles tariffs

Premiums for consumers buying aluminium on the physical market in the United States soared on Monday after US President Donald Trump said he planned to increase tariffs on imported steel and... 

South Africa farm exports surge 10% as US shipments climb

South African agricultural exports rose 10% in the first quarter to $3.36-billion from a year earlier as port performance improved and shipments to the US climbed, an industry body said. The 14%... 

Kganyago provides fuel for best bond return in emerging markets

South Africa’s central bank chief has given the country’s local-currency bonds another reason to add to their market-leading returns. Investors are piling into the debt after South African Reserve... 

Glencore consolidates global coal portfolio in Australian entity

Mining and trading house Glencore consolidated its global portfolio of coal and ferroalloy assets under one company registered in Australia, according to its annual report lodged with the country’s... 

Flooded mine in Congo is latest threat to global copper supply

The status of one of the world’s most important copper mines remains clouded in uncertainty, more than a week after seismic activity caused widespread flooding deep below ground. Ivanhoe Mines’s... 

Burkina Faso sees restart of gold mines boosting output in 2025

Burkina Faso is poised to increase its industrial gold mining this year as a project by Mauritius’s Soleil Resources International rises to full production and a new mine by Australia’s West... 

China’s steel output cuts could intensify coking coal’s plunge

China’s declining steel demand is sweeping through related markets, with prices of the coking coal and coke used in blast furnaces plunging to their lowest since 2016. Steel mills are expected to... 

EFF asks court to stop proposed fuel levy hike

South Africa’s leftist Economic Freedom Fighters filed court papers in a bid to halt a proposed increase in fuel levies, the latest twist in a months-long tussle over the annual budget. The higher... 

South Africa poised for rate cut to bolster economy

The South African Reserve Bank looks set to ease borrowing costs on Thursday to support a faltering economy, before pausing to assess any further fallout from US President Donald Trump’s trade war.... 

Gold falls for fourth day as US court blocks Trump tariffs

Gold extended declines for a fourth day, as markets absorbed news that the US trade court has blocked President Donald Trump’s global tariff agenda. Bullion fell as much as 1.1% on Thursday,... 

Chile lifts copper price call as supply disappoints and trade fears ease

Chile, the biggest copper-producing country, raised its price projections for the metal this year and next on easing trade-war tensions and supply disruptions that signal the market is swinging... 

SQM feeds global lithium glut with record-high sales volume

SQM sold record amounts of lithium in the first quarter, despite prices languishing at multiyear lows as one of the world’s top producers of the battery metal counts on low costs to grow market... 

Icasa probes illegal use of Starlink service in South Africa

A South African regulator started a probe into allegations that Elon Musk-led SpaceX’s Starlink internet-satellite service was operating in the country illegally. The Independent Communications... 

Guinea takes Endeavour gold permits in latest round of removals

Guinea has revoked four gold exploration permits from Endeavour Mining as it continues to reclaim inactive and non-compliant mining rights. The four exploration licenses were granted in 2020 and... 

Agnico Eagle’s ascent to most valuable gold stock lifts Paulson

When billionaire hedge fund manager John Paulson’s firm made a big bet on gold after the 2008 financial crisis, his fund picked several small- and mid-size gold miners. One of those is now vying to... 

Chinese miner joins rush to tap lure of gold in bond market

One of China’s biggest gold miners is planning its second dollar bond offering in two weeks, the latest in a slew of global companies looking to tap growing investor interest in the precious... 

Coal India to take first unit public with consultancy firm IPO

Coal India will sell as much as 10% of its holding in mining consultancy unit Central Mine Planning & Design Institute Ltd. (CMPDI) through an initial public offering. The Ranchi-based unit of the... 

Indian steel tycoon’s pathway to Mozambique coal deal reopens

India’s largest steelmaker can proceed with the acquisition of a coal deposit in Mozambique after the seller recovered the concession rights from the country’s new government. JSW Steel's... 

Trump signs orders to revive US leadership in nuclear power

President Donald Trump on Friday signed orders meant to accelerate the construction of nuclear power plants, including small, untested designs that offer the promise of rapid deployment but have... 

Rand shrugs off Trump and Budget to end week on a positive note

A week that started fraught with risks for the rand is ending on a positive note for the South African currency. The rand surged toward its sixth straight weekly advance, hitting a five-month high... 

South Africa plans legal workaround to smooth way for Starlink

South Africa’s government is proposing a workaround to Black ownership requirements that will pave the way for Starlink and other satellite services to operate in the country. The government is... 

Hensoldt is said to explore sale of South African optronics unit

German radar maker Hensoldt is exploring options for its South African optronics business, including a potential sale, according to people familiar with the matter. Hensoldt is working with... 

Families of 737 Max crash victims urge US to prosecute Boeing

Family members of people killed in two fatal crashes of Boeing Co.’s 737 Max jets are urging the US Justice Department to reject a possible deal that would allow the planemaker to avoid a criminal... 

Trump’s ambush of Ramaphosa leaves South Africa reeling

South Africans watched aghast on Wednesday as US President Donald Trump berated their leader in the Oval Office over false claims that there’s a genocide against White people in the country.... 

Ghana expects $12bn a year from small-scale gold mining

Ghana expects to rake in $12-billion a year from small-scale gold production if output doubles as planned. Gold exports from the country have surged as international prices have soared, and much of... 

Ontario to spend C$3.1bn on Indigenous role in mining

The Ontario government will spend nearly C$3.1-billion to encourage Indigenous participation in the mining industry, in a bid to ramp up critical minerals production across Canada’s most populous... 

Trump falsely insists Afrikaners face genocide in heated meeting

US President Donald Trump rejected South African President Cyril Ramaphosa’s argument that there’s no genocide against White Afrikaners, airing a video and showing images in the Oval Office that he... 

Zimbabwe lithium exporters seek tax delay until 2027

Miners in Zimbabwe are urging the government to defer an export tax on lithium concentrate until plants that will refine the battery material into higher-value products in the country come online.... 

South Africa arbiter proposes more pay to avoid logistics strike

A third-party arbiter proposed a higher wage offer to South Africa’s State-owned ports and rail company and its unions in a bid to stave off a potential strike by thousands of logistics workers.... 

Rio Tinto defends Pilbara after Forrest voices ‘wasteland’ fears

A Rio Tinto Group executive has defended the future of Australia’s iron-ore hub, after mining billionaire Andrew Forrest delivered a downbeat message on its prospects unless it gets more green... 

Trump sets stage to sell ocean mining rights off American Samoa

The Trump administration is setting the stage to sell mining rights off the coast of American Samoa as demand surges for critical materials used in electric vehicle batteries, smart phones and... 

South Africa to offer Musk Starlink deal before Trump meeting

South Africa’s government plans to offer Elon Musk a workaround of local Black ownership laws for his Starlink internet service to operate in the country, aiming to ease tensions with both the... 

China gold imports surge to 11-month high despite record prices

China imported the most gold in nearly a year last month despite record prices, after heightened demand for the precious metal prompted the central bank to ease restrictions on bullion inflows.... 

Gold edges lower as haven demand from Moody’s downgrade fades

Gold edged lower as the haven-demand boost from Moody’s Ratings downgrade of the US faded, and attention turned back to the easing of trade tensions between the two largest economies. Bullion... 

Russia says China’s Zijin agrees to keep Siberian zinc mine open

Russia’s Tuva region said it has agreed with Zijin Mining Group to keep the Kyzyl-Tashtyg zinc mine working after sanctions prompted the Chinese company to weigh suspending operations. Zijin’s... 

Africa establishes a space agency to close its climate data gap

Africa has established the continent’s first space agency to boost Earth observation and data sharing at a time when a more hostile global context is limiting the availability of climate and... 

African Central Banks to join emerging market peers easing rates

Central banks in key African economies are getting set to line up with other emerging-markets in coming weeks and cut interest rates where inflation pressures are seen abating, or stay on guard... 

UAE’s EGA to build US aluminum plant touted by Trump next year

Emirates Global Aluminium plans to start building a $4-billion plant in Oklahoma next year as Donald Trump pushes for massive investments from oil-rich Gulf states to avoid his tariffs. The plant... 

Australia’s richest woman doubles US stocks bet to $2.5bn

Billionaire mining magnate Gina Rinehart poured hundreds of millions of dollars into broad market-tracking funds during the first three months of the year, boosting holdings of US equities as... 

Transnet is running out of cash, Moody’s warns

South Africa’s State-owned transport and logistics company, Transnet, will run out of money for operations and debt-servicing within three months unless it gets a government bailout, according to...