Vedanta to retain coal as base energy source, top executive says

Indian mining and metals conglomerate Vedanta will continue to rely on coal as its primary energy source for mining operations while aiming to increase the share of renewable sources in its energy... 

Global oil and gas field decline rates are increasing, IEA says

The natural rate of decline in output from the world's oil and gas fields is speeding up, owing to more reliance on shale and deep offshore resources, the International Energy Agency (IEA) said on... 

South Africa grants long-term leases to oil majors at key Durban fuel hub

South Africa has granted oil majors and traders, including BP and Vitol, extended access at its main petrochemical hub, ending years of wrangling over short-term leases that threatened investment... 

Gold uptrend intact, but due for correction before topping $4 000 in 2026

Gold's stellar rally to successive record highs shows every sign of continuing for the rest of the year, but a healthy correction is on the cards before breaching the $4 000/oz milestone in 2026,... 

Canada PM told Anglo American to move HQ to Canada for Teck deal nod - report

Canadian Prime Minister Mark Carney told Anglo American to move its headquarters to Canada or its proposed acquisition of Teck Resources would not be allowed to proceed, the Globe and Mail reported... 

New Hope focused on organic growth; no plans to pursue Anglo assets

Australia's New Hope said on Tuesday it is focused on organic growth and does not plan to compete for Anglo American's Australian coal mines, after reporting earnings that were cushioned from a... 

Chinese steel body to meet iron-ore procurement heads at steelmakers this week, document says

The State-backed China Iron and Steel Association will hold a meeting with the heads of iron-ore procurement at its steelmaker members on Thursday, according to a document reviewed by Reuters. Two... 

Savannah Resources raises lithium reserve estimate at Portugal mine project by 40%

London-listed Savannah Resources said on Monday it has increased its estimate for the reserves of its lithium mine project in northern Portugal by 40% after completing additional prospecting work.... 

Deal to curb billions in overfishing subsidies comes into force at WTO

landmark agreement to curb billions of dollars in subsidies contributing to overfishing came into force on Monday, the World Trade Organization said – a move activists hailed as a step towards... 

South Africa's longer-term inflation expectations drop to record low

South Africa's longer-term inflation expectations fell to their lowest level on record, a quarterly survey showed on Monday, after the central bank said it would aim for a lower inflation level.... 

South African markets soar despite weak economic data, slow reforms

South African financial markets have outperformed expectations, with the Johannesburg Stock Exchange reaching record highs and the rand/dollar exchange rate rising despite a threat to exports from... 

Congo-Rwanda draft deal outlines role of US, others in revamp of minerals sector

Rwanda and the Democratic Republic of Congo (DRC) will commit to working with third parties, including the US, to revamp their mineral supply chains and develop reforms, according to a draft of an... 

Sub-Saharan Africa's major economies hit by high finance costs, Moody's says

Borrowing costs for governments and businesses in South Africa, Nigeria and Kenya have risen in the last five years due to policy weaknesses, unfavourable market conditions and inflation, according... 

BHP flags organic copper growth, US allure, silent on big buyouts

The world's biggest mining company, BHP, touted its solid copper potential and flagged the investment appeal of the United States on Monday, but was silent on the prospect of major buyouts, as top... 

Rescue efforts ongoing at Freeport's Grasberg mine, operations still on halt

Efforts to rescue seven workers at Freeport Indonesia's Grasberg copper and gold mine are continuing one week after a heavy mud flow trapped them underground, a mining ministry official said on... 

Ukraine, US to scout for minerals deal investment projects

Ukrainian officials and a team from the US International Development Finance Corporation will carry out site visits to identify investment projects as part of Kyiv's minerals deal with Washington,... 

Australia warns of cascading climate risks ahead of emissions target announcement

Australia will suffer more frequent and extreme climate events, often happening simultaneously, which will strain industry, services and infrastructure, a government report said on Monday, ahead of... 

South African rand flat as traders eye inflation data, central bank meeting next week

The South African rand was flat in early trade on Friday, as investor focus shifted to the release of domestic consumer price inflation data and a rate-setting meeting next week. At 0723 GMT, the... 

UBS raises gold price target to $3 800/oz by end-2025

UBS raised on Friday its gold price forecast by $300 to $3 800 per ounce by the end of 2025 and by $200 to $3 900 by mid-2026, citing anticipated Federal Reserve easing and dollar weakness linked... 

ERG settles with Gecamines over DRC Swanmines project

Kazakh mining giant Eurasian Resources Group (ERG) said on Thursday it had signed a settlement with the Democratic Republic of Congo's state-owned miner Gecamines in a dispute over the Swanmines... 

Indonesia seizes 148 ha area of Weda Bay Nickel

An Indonesian task force has seized a 148 ha area of PT Weda Bay Nickel for not having the relevant forestry permits, mining ministry official Rilke Jeffri Huwae said on Friday. The move is part... 

Codelco and BHP's Escondida boost copper output in July

Chile's State-owned Codelco, the world's largest copper producer, and BHP's Escondida mine both posted year-on-year increases in production in July, data from copper commission Cochilco showed on... 

Vale receives operating license for key iron-ore project

Brazilian miner Vale said on Thursday it has received an operating license for activities related to the so-called Serra Sul +20 Mtpy project, which it expects to "significantly increase" its iron... 

Namibia to boost sulphuric acid production as critical mineral output rises

Namibia is set to increase its sulphuric acid production in response to rising critical mineral output, with Green Metals Refining and Vedanta announcing plans on Thursday to set up and revive... 

Vietnam plans online gold exchange as it allows private imports

Vietnam plans to open an online gold exchange and will allow companies to import gold for the first time in over a decade starting from next month, part of efforts to stabilise domestic prices,... 

South Africa's current account deficit widens to 1.1% of GDP in second quarter

South Africa's current account deficit widened to 1.1% of gross domestic product in the second quarter of 2025, from a revised 0.6% deficit in the first quarter, central bank data showed on... 

South Africa in talks with Chinese automakers to boost local production

South Africa is in talks with Chinese automakers to encourage them to invest in local production, with one manufacturer showing strong interest in building cars locally, a senior government... 

White House tariff update on gold bars a 'welcome development,' LBMA says

The White House update to its tariff schedule is a "welcome development" after challenges caused by a recent US Customs ruling on gold bars, the London Bullion Market Association said on... 

Newmont applies for voluntary delisting from Toronto Stock Exchange

Newmont has applied for a voluntary delisting of its common shares from the Toronto Stock Exchange due to low trading volumes, the world's top gold miner said on Wednesday. The move, expected to... 

South African rand steady ahead of US inflation report and local data

The South African rand was steady in early trade on Wednesday with investors keeping an eye on US inflation reports due this week and key domestic releases that will offer clues on the health of... 

BHP seen as unlikely to pounce on Anglo or Teck as it eyes organic growth

Top global miner BHP's focus on expanding its own copper assets while it undergoes leadership change means it is unlikely to gatecrash the planned $53-billion tie-up of Anglo American and Teck... 

Nissan explores hybrid rollout in South Africa to smooth the shift to EVs

Japan's Nissan Motor Co is considering a rollout of hybrid cars that use its e-Power technology in South Africa as a way to help drivers move from petrol engines towards electric vehicles, a... 

Lithium miners slide worldwide as CATL seen resuming China mine

Shares of global lithium producers fell on Wednesday after Chinese state media reported that battery major Contemporary Amperex Technology's (CATL) shuttered Yichun mine is likely to resume... 

Coal subsidies, policy instability threaten Asia's energy transition

Asia's clean energy push will stall unless governments curb fossil fuel subsidies, offer stable policy direction and invest in upgrading grids, industry executives said on Wednesday. The... 

ANZ hikes gold price forecast to $3 800 on solid investment demand

Australian lender ANZ Group raised its year-end gold price forecast to $3 800/oz on Wednesday and expects prices to peak near $4 000 by next June, supported by strong investment demand for... 

Teck cannot control a bidding war, focused on completing Anglo merger, CEO says

Teck Resources will focus on obtaining approval to close its proposed merger with Anglo American, Teck's CEO told Reuters on Tuesday, adding that it wouldn't be able to control any bidding war the... 

South Africa has sent officials to US for trade talks, president says

South Africa has sent officials to the United States to prepare for trade negotiations after attempting for months to strike a deal with the Trump administration to roll back steep tariffs,... 

Anglo Teck agreement binds assets of 'extraordinary value', says head of Chile's Codelco

The agreement between Anglo American and Teck brings together assets of "extraordinary value," the chairman of Chile's state-run copper producer Codelco, Maximo Pacheco, told Reuters on Tuesday.... 

Yichun lithium mine expected to resume production soon, Securities Times reports

Chinese battery giant Contemporary Amperex Technology (CATL) is expected to soon resume production at a lithium mine in Yichun in southern China's Jiangxi province, state media Securities Times... 

US enlists 'Amerikaners' group in refugee scheme for white South Africans

A group called Amerikaners, set up by white South Africans hoping to take up US President Donald Trump's offer of resettlement, has been enlisted by his administration to help identify suitable...