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... 

Woodside Energy sees steady 2025 output, shares drop

Woodside Energy, Australia's top independent oil and gas producer, flagged output would be flat in 2025 after reporting fourth quarter revenue in line with forecasts, though realised prices were... 

Evolution Mining climbs to 4-year high on upbeat Q2 production, bullion prices

Shares of Australia's Evolution Mining rose to a four-year high on Wednesday after the country's second-biggest gold miner reported an improved, better-than-expected output in the second quarter of... 

Zambia hopes mining will trigger economic revival

Zambia is pinning its hopes on the mining sector for an economic revival after the worst drought in living memory caused a sharp slowdown in growth this year, its finance minister said on Tuesday.... 

South African growth outlook has improved but inflation risks abound, central bank says at Davos

South Africa's economic outlook is better this year than last, but the inflation picture is more muddied as risks abound, its central bank governor said on Tuesday. South African Reserve Bank... 

Eramet's Bories to step down as CEO, stay on as chair

Christel Bories will step down as chief executive of French mining group Eramet in May while remaining chairwoman, the company said on Tuesday. Bories, CEO since 2017, has overseen a shift in... 

Nigeria's telecoms regulator agrees to tariff hike by operators

Nigeria's telecoms regulator will approve a 50% increase in current tariffs following a request from telecommunications operators, in line with rising costs in Africa's most populous nation, it... 

Zimbabwe anticipates lithium prices to justify $270m project with China

Zimbabwe's State-owned Kuvimba Mining House expects to finalise this month a deal agreed with two Chinese companies as it sticks with its $270 million lithium project on the basis lithium prices... 

Glencore open to deals as investors brace for more mining M&A

Miner and commodity trader Glencore said it is open to M&A transactions that create value for its shareholders, leveraging its position as a top three global copper producer. "As we have always... 

Trump says to unleash American fossil fuels, halt climate cooperation

President Donald Trump on Monday laid out a sweeping plan to maximize oil and gas production, including by declaring a national energy emergency to speed permitting, rolling back environmental... 

Investigating magistrate appointed in Belgium in Congo conflict minerals case

An investigating magistrate has been appointed in Belgium after Democratic Republic of the Congo in December filed criminal complaints accusing Apple subsidiaries of using so-called conflict... 

South Africa's focus on reforms not ratings, minister says at Davos

South Africa is focusing on implementing growth-enhancing reforms not regaining its investment-grade credit rating, which could take two years or more, its finance minister said on Monday. The... 

China buys less Russian coal in 2024 despite record imports

China, the world's top coal importer, bought less Russian coal in 2024 while increasing purchases from other key suppliers, led by Australia, during a record year for coal imports, customs data... 

South African police launch manhunt for gang leader of illegal mine

South African police have launched a manhunt for a Lesotho gang member believed to have controlled operations at an illegal gold mine where 78 bodies were recovered last week during a police siege,... 

Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74-billion in free cash flow over the next 37 years, based on consensus long-term prices, the CEO of joint... 

At least seven people killed by army at Ghana's AngloGold Ashanti mine

A Ghanaian small-scale miners' association on Sunday said soldiers killed nine unarmed people at an AngloGold Ashanti mine on Saturday night, while the army said seven illegal miners had been... 

South African police launch manhunt for gang leader of illegal mine

South African police have launched a manhunt for a Lesotho gang member believed to have controlled operations at an illegal gold mine where 78 bodies were recovered last week during a police siege,... 

Copper market sees half chance of 10% US tariff by first quarter-end, Goldman says

Goldman Sachs on Monday said the copper market is pricing in odds of about 50% that there will be a 10% US tariff on the metal by the end of the first quarter of this year. Analysts at the US... 

Australia iron-ore hub resumes operations after cyclone threat

Australia's Port Hedland, the world's largest iron-ore export hub, has resumed operations after cyclone Sean moved away from the port, the Pilbara Ports Authority said on Monday. The port off the... 

Australian govt pledges A$2bn in green aluminium push

Australia's Labor government on Monday pledged A$2-billion in production credits to help support the country's four aluminium smelters switch to renewable power before 2036. Aluminium is one of... 

Biden boosts loan for ioneer's Nevada lithium mine to nearly $1bn

The US Department of Energy has finalized a $996-million loan for ioneer's Rhyolite Ridge lithium project, according to documents reviewed by Reuters, an increase of $296-million from a preliminary... 

IGO flags impairment on lithium hydroxide division

Australia's IGO warned of an additional net loss in its first-half results this year on Monday, citing a decline in value of its troubled Kwinana Lithium Hydroxide Refinery, which is grappling with...