Freeport halts Indonesia's Grasberg mining operations after underground incident

Freeport-McMoRan said on Tuesday it temporarily halted mining in Indonesia's Grasberg minerals district after a large flow of wet material blocked access to parts of its underground mine,... 

Ethiopia launches massive hydropower dam against bitter Egyptian opposition

Ethiopia officially inaugurates Africa's largest hydroelectric dam on Tuesday, a project that will provide energy to millions of Ethiopians while deepening a rift with downstream Egypt that has... 

South African rand softer before GDP data, analysts expect modest growth

The South African rand softened in early trade on Tuesday before the release of second-quarter gross domestic product (GDP) data, which is expected to show economic growth picked up from the first... 

Glencore's former head of recycling launches critical minerals processing firm

The former head of Glencore's recycling business is launching a US-based metals processing company with the goal of lowering the cost and time to refine copper and other critical minerals. The... 

Anglo American nears deal to acquire Teck Resources for $20 billion, FT reports

Anglo American is nearing a deal to acquire Canadian miner Teck Resources that could value it at about $20-billion, Financial Times reported on Monday, citing people familiar with the matter. The... 

African leaders seek to offer climate model after US pullback

African leaders aim to offer a global model for tackling the climate crisis through green investments, they said on Monday, after the United States' withdrawal from the Paris climate agreement... 

Nutrien to sell its stake in Argentina's Profertil for $600m

Nutrien said on Monday it will sell its 50% stake in Argentina-based nitrogen producer Profertil for $600-million as the world's top potash producer looks to rein in expenses and shift focus to... 

Arrow shifts into capital preservation mode as Guinea uncertainty drags on

Australia-listed Arrow Minerals has suspended all project-based activities and cut corporate costs as uncertainty over the status of its exploration permits in Guinea continues to weigh on the... 

South African rand steady with domestic GDP figures in focus

The South African rand was stable on Monday as markets awaited the release of local gross domestic product (GDP) figures, along with mining, manufacturing and current account data, for clues on the... 

China August iron-ore imports stay high as mills prepare for peak season

China's iron-ore imports in August climbed 0.6% from July, as lower prices encouraged sustained buying and as mills prepared for the peak steel demand period in September. The world's largest... 

Kazatomprom seeking more ventures abroad, tripling exploration

Kazatomprom, the world's largest uranium producer, announced on Friday plans to triple its exploration activities in Kazakhstan and explore international expansion opportunities, following recent... 

Transnet reports smaller full-year loss

State-owned logistics group Transnet on Friday reported a smaller loss of R1.9-billion in the financial year to the end of March, down from a R7.3-billion loss in the previous year. The... 

Uranium demand set to surge 28% by 2030 as nuclear power gains momentum, WNA says

Uranium demand for nuclear reactors is expected to jump by almost 30% in the next five years as more governments rely on nuclear power to meet zero-carbon targets, the World Nuclear Association... 

South African rand edges up after foreign reserve data

The South African rand gained in early trade on Friday, after central bank data showed that the country's foreign reserves increased last month. South Africa's net foreign reserves rose to... 

Indian coal prices to be lower after tax revision, industry officials say

Coal prices in India will fall after revisions to taxes on the fuel that generates nearly 75% of the country's electricity, industry officials and analysts said, as a higher consumption tax is... 

Vale reopens key mine, plans to invest $12bn in Minas Gerais

razilian miner Vale said on Thursday it will invest 67-billion reais ($12.36-billion) in its mining operations in Minas Gerais state by 2030, as it held a ceremony to mark the reopening of a key... 

Australian PM Albanese spoke to Trump about critical minerals and security​

Australian Prime Minister Anthony Albanese discussed opportunities for Australia and the United States to cooperate on critical minerals in a phone call with President Donald Trump on Thursday... 

South Africa's sugar farmers face 'double whammy' from Trump tariffs, cheap imports

Nkosinathi Msweli's sugar cane farm in KwaDukuza - a rural, largely poor region on South Africa's eastern coast - has for three decades been a solid, albeit small, economic success story, employing... 

Congolese women turn to mining for survival after jihadist attacks

Maman Soki is among a small group of Congolese women undertaking heavy mining work for survival after escaping a deadly attack on her village by Islamic State-alligned rebels that killed her... 

Philippines targets fairer share from mining with new tax law

Philippine President Ferdinand Marcos Jr signed into law on Thursday a measure overhauling the country's mining tax system to ensure a more equitable share of revenues for the government and... 

UN committee says Portugal kept information on lithium mine from public scrutiny

Portugal has breached an international treaty by preventing the public from accessing key information about Europe's largest lithium mining project during its environmental licensing process, a UN... 

Iron-ore extends gain as Goldman Sachs lifts fourth-quarter price forecast

Prices of iron-ore futures climbed for a second straight session on Wednesday, as Goldman Sachs raised its average price forecast for the fourth quarter of this year to $95 a metric ton from $90 a... 

South African rand weaker before PMI survey, US data

South Africa's rand weakened in early trade on Wednesday ahead of the release of a purchasing managers' index survey and as global markets awaited the release of key US data for further clues on... 

Looming Fed rate cuts fuel gold price bonanza to records

Gold's latest rally, triggered by expectations of US rate cuts, concerns about Federal Reserve independence and strong demand from investors as well as the central bank, is likely to propel prices... 

La Nina may affect weather from September, says WMO

A return of La Nina may start to affect global weather patterns from September, the World Meteorological Organization (WMO) said on Tuesday, adding, however, that temperatures are still likely to... 

Dollar inches up as gold hovers near record high of $3 508/oz

The US dollar clawed back some ground in Asian trading on Tuesday following five days of selling, ahead of the return of US traders from the Labor Day holiday. The dollar index was last up 0.2% at... 

World Bank urges fresh push on economic threat of pollution

Degraded land, polluted air and water stress pose a direct global economic threat but using natural resources more efficiently could cut pollution by half, one of the World Bank's senior managing... 

South African rand softens as dollar inches up

The South African rand softened in early trade on Tuesday ahead of the return of US traders from the Labor Day holiday. At 0611 GMT, the rand traded at 17.6450 against the dollar, about 1% weaker... 

Glencore plans job cuts at South African ferrochrome and vanadium operations

Glencore said on Monday that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant economic pressures... 

China's August coal imports hit 8-month high, still below year-ago levels

China's coal imports hit an eight-month high in August, customs data showed on Monday, supported by higher domestic prices, although volumes remained below the levels seen a year earlier. The... 

South African rand steady before manufacturing PMI and car sales figures

The South African rand was stable in early trade on Monday, before the release of a purchasing managers' index (PMI) survey for the local manufacturing sector and vehicle sales data. At 0539 GMT... 

Energy exec tasked with speeding up project approvals in Canada

Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a... 

South Africa launches G20 taskforce to examine global wealth inequality

South African President Cyril Ramaphosa on Thursday launched a G20 experts taskforce to examine global wealth inequality and its impact on growth, poverty and multilateralism – the first initiative... 

US-backed TechMet's new trading unit to boost ex-China critical mineral flows

US government-backed investment vehicle TechMet is launching a trading arm for critical minerals to specialise in the burgeoning market for Western supplies of materials in which China is dominant,... 

US energy data agency, after staff cuts, delays reports on uranium, international outlook

The US government's energy statistics arm, which has experienced staff cuts this year, said on Thursday it will delay publishing key energy data on uranium as well as its international outlook this... 

Cameco flags 2025 production hit amid McArthur River mine transition delays

Canadian uranium supplier Cameco said on Thursday the development delays in transitioning the McArthur River mine in Saskatchewan to new mining areas are expected to impact its 2025 production... 

Codelco-SQM lithium deal to close before Boric's 2026 exit

Chile's newly appointed Economy Minister Alvaro Garcia expects state-run copper producer Codelco and local miner SQM to finalise a major lithium partnership deal before the current administration... 

South African rand little changed after local producer inflation figures

The South African rand was little moved on Thursday after the release of higher-than-expected domestic producer inflation figures. At 1045 GMT the rand traded at 17.6625 against the dollar, near... 

Polyus' first-half profit jumps 20% on high gold prices

ussia's largest gold producer Polyus posted a 20% year-on-year jump in first-half profit to $1.4-billion on Wednesday, reflecting high global prices that offset reduced sales. The company's board,... 

China is capping coal production to support prices, top miner and analysts say

China has placed curbs on coal production following an unexpected supply increase in the first half of the year that weighed on prices, according to an official of a major mining firm and...