South Africa producer inflation at 0.7% y/y in December

South Africa's producer inflation was at 0.7% year on year in December versus -0.1% in November, statistics agency data showed on Thursday. The Producer Price Index was at 0.2% in month-on-month... 

Canada Minister says any US tariff response would not single out Alberta

Any Canadian response to US tariffs will be regionally fair and equitable and not single out Alberta, Canada's main oil-producing province, Canada's Energy and Natural Resources Minister Jonathan... 

De Beers sees India as a bright spot, notes early recovery signs in US

India has been emerging as a bright spot for the cut and polished diamonds amidst a slowdown in key markets such as the US and China, Amit Pratihari, managing director, De Beers India told Reuters... 

Lundin Gold sees Ecuador mine producing up to 525 000 oz through 2027

Lundin Gold expects to produce between 475 000 oz and 525 000 oz of gold per year from 2025 to 2027 at the Fruta del Norte mina in Ecuador, the company's chief executive Ron Hochstein told... 

London bullion association launches digital database for gold bars

The London Bullion Market Association (LBMA) has launched a digital database for gold bars to improve transparency in the precious metals market, expecting all LBMA-accredited refineries to come... 

Plan to get electricity to more Africans wins $8-billion in new pledges

An initiative to connect 300-million Africans to electricity in the next six years has won new pledges worth more than $8-billion from lenders including the Islamic Development Bank and the Asia... 

Whitehaven Coal rises on strong second-quarter output

Australia's Whitehaven Coal posted a 92.7% rise in its second-quarter production on Wednesday, aided by strong contributions from its New South Wales mines and Queensland mines, while remaining... 

US buyers face higher costs if Trump pursues copper, aluminium tariffs

President Donald Trump's threat to impose tariffs on US copper and aluminium imports will result in higher costs for local consumers because of a shortfall in domestic production, analysts and... 

Vale posts highest annual iron-ore output since 2018 despite fourth-quarter slide

Brazilian miner Vale posted on Tuesday its highest annual iron-ore production since 2018, even after a decline in output in the fourth quarter when the company prioritised higher-margin products.... 

Australia's Boss Energy eyes best day in nearly 3 years on robust output growth

Shares of Boss Energy rose about 16% on Wednesday and were poised for their best day in nearly three years, after the uranium miner reported quarterly output well ahead of analysts' estimates for... 

Congo rebel gains to boost illicit mineral trade through Rwanda, analysts say

A lightning advance in Congo's mineral-rich eastern borderlands is set to boost the M23 rebellion's illegal mining revenues, with analysts predicting a further surge in illicit trade in minerals... 

Stats SA updates consumer inflation basket

South Africa's statistics agency has updated its consumer inflation basket for the first time since 2022, including items like rosé wine, air fryers and streaming services to reflect changes in... 

Mozambique President discussed LNG, hydro projects with TotalEnergies CEO

Mozambique's President Daniel Chapo met with Patrick Pouyanne, the chief executive of TotalEnergies, on Monday to discuss several of the company's projects in the southern African country,... 

Dry Zimbabwe hit by blackouts, but renewables still underfunded

Loveness Madangawa prepares lunch over an open fire in Mutare in eastern Zimbabwe - she has an electric stove, but power cuts caused partly by drought hitting the main hydropower station means she... 

Congo rebels face some resistance in Goma, more peacekeepers killed

Gunfire rippled across east Congo's largest city Goma where Rwandan-backed M23 rebels still faced pockets of resistance from army and pro-government militias on Tuesday, while another four South... 

Ghana plans gold board to increase earnings and curb smuggling

Ghana plans to launch a Gold Board to streamline gold purchases from small-scale miners, increase earnings and reduce smuggling, the west African country's newly appointed finance minister Cassiel... 

Barrick Gold and Mali to start new negotiations on mine Tuesday

Mali's government and Barrick Gold will start a new round of negotiations on Tuesday to resolve a deepening dispute over the alleged nonpayment of taxes by the Canadian miner and the seizure of its... 

Mozambique's Maputo port starts $2bn expansion project

Mozambique's Maputo port began construction on the first phase of its planned $2-billion expansion project on Monday, a senior port official said. The $164-million first phase will more than double... 

JSW to invest $301m in India copper mines

India's steel-to-power conglomerate JSW Group will invest 26-billion rupees ($301.2-million) to set up operations at two copper mines, the company said on Monday, foraying into mining non-ferrous... 

BHP will not make a fresh bid for Anglo American in the near term, FT reports

Australia's BHP will not be making a fresh bid for rival miner Anglo American in the near term because its shares have become too expensive, the Financial Times reported on Saturday, citing three... 

Fortescue Energy CEO says green hydrogen cost is key as demand drops

Replacing fossil fuels with green hydrogen depends on creating demand by making it price competitive, as buyers are unwilling to pay "green premiums", Fortescue Energy CEO Mark Hutchinson told... 

South Africa's patchwork climate plans risk widening inequality

Inconsistent government and corporate climate strategies may see poorer regions left behind in the transition away from polluting industries to green jobs, according to new research. Wealthier... 

Korea Zinc chairman retains board control amid takeover battle

Shareholders in Korea Zinc elected board members nominated by current management at a special stakeholder meeting on Thursday, escalating a bitter four-month takeover battle for the world's... 

Chile's mining agency expects another global lithium surplus this year

Production cutbacks by lithium companies in response to low prices for the metal have tightened supply forecasts, but a global surplus is still expected for 2024 and 2025, Chilean copper commission... 

Freeport-McMoRan's copper production slips in Indonesia; shares fall

Copper miner Freeport-McMoRan posted a drop in fourth-quarter production on Thursday and said that its costs would rise more than expected this year, sending the company's shares down more than... 

IGO, Tianqi Lithium to cease ops at lithium hydroxide plant in Western Australia

Shares of IGO rose on Friday, after the lithium producer reached an agreement with its Chinese joint-venture partner Tianqi Lithium to cease all works at one of its lithium hydroxide plants in... 

Solar power overtook coal in EU's electricity mix in 2024, Ember says

Solar power overtook coal in the European Union’s electricity mix for the first time last year, while wind power’s share plateaued, data from energy think tank Ember showed on Thursday. The EU is... 

New exploration results at Savannah's Portugal lithium project point to larger deposit

he latest exploration results at Savannah Resources' lithium project in northern Portugal point to a larger deposit than the previously estimated 28-million metric tons of high-grade lithium, the... 

Reserve Bank to cut rates by 25 bps Jan 30 to 7.50% – poll

The South African Reserve Bank will trim its repo rate next week by a quarter of a percentage point to 7.50% and repeat that in March, but then delay its final 25 basis point cut of the cycle to... 

South Africa not worried about relationship with US under Trump, Ramaphosa says

President Cyril Ramaphosa said on Wednesday that he was not worried about the country's relationship with the US under President Donald Trump. Ramaphosa said he spoke to Trump after his US election... 

Fortescue's Q2 iron-ore shipments edge up; Iron Bridge shutdown weighs

Shares of Australia's Fortescue slipped on Thursday to a one-week low as it posted a marginal rise in its second-quarter iron-ore shipments, largely in line with market expectations for the... 

Santos targets higher 2025 output, pins hopes on Barossa project

Australia's Santos forecast higher output for fiscal 2025 on the prospect that its Barossa project will begin production later this year, and also posted a sequential rise in its fourth-quarter... 

B2Gold says Mali risks reduced, to continue exploration spending

Canadian miner B2Gold said it is moving forward with plans to invest $10-million in exploration at the Fekola gold complex in Mali this year after a settlement with the government over its mining... 

Workers injured after methane ignites at Polish mine

Polish paramedics treated 16 injured coal miners on Wednesday after methane ignited in a mine in southern Poland, the ambulance service said. Operator JSW said the gas had ignited in the... 

Zambia copper output up 12% last year as key mines recover

Zambia's copper output rose 12% in 2024, buoyed by a recovery in production at key mines as the government counts on the sector to drive economic growth. Output reached roughly 820 670 metric tons,... 

Aussie uranium miners jump as Trump's AI investment, Canada tariff plans augur well

Stocks of Australian uranium miners rose between 3% and 10% on Wednesday, propelled largely by a planned $500 billion private sector investment to fund AI infrastructure and US President Donald... 

Chile launches call for studies on obtaining cobalt, rare earths from mine waste

Chile's development agency Corfo on Tuesday opened a call for studies on the extraction of cobalt and rare earths from mining waste, offering $3-million to $4-million per project for a three-year... 

Rio Tinto bets Trump will give green light to US copper mine, FT reports

Rio Tinto is betting that US President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday. "I do think that we have... 

South Africa inflation rises less than expected in December

South Africa's inflation rate rose for the second month in a row in December but by less than expected, with analysts saying the central bank was still likely to deliver another interest rate cut... 

Trump's EV rollback not expected to suppress appetite for critical minerals

US President Donald Trump's rollback of electric vehicle targets may temporarily slow demand for lithium and other critical minerals, but is unlikely to hamper the mining industry amid surging...