South Africa shifts to FDI inflows in fourth quarter, central bank says

South Africa recorded foreign direct investment inflows of R7.5-billion in the fourth quarter, compared to outflows of R3.2-billion in the third quarter, central bank data showed on Thursday. The... 

Citi cuts copper price forecast, sees 25% US import tariff in second quarter

Citi Research forecast that a 25% US copper import tariff would be imposed in the second quarter of this year and lowered its three-month price outlook to $9 500 per metric ton, down from $10 000... 

Deep sea mining impacts still felt forty years on, study shows

A strip of the Pacific Ocean seabed that was mined for metals more than 40 years ago has still not recovered, scientists said late on Wednesday, adding weight to calls for a moratorium on all deep... 

Glencore's South African refinery to invest up to R6bn to produce cleaner fuels

Astron Energy, a unit of global commodity trader Glencore, will invest up to R6-billion to install new equipment and become compliant with South Africa's cleaner fuel specifications ahead of a 2027... 

Mali expects rise in gold output in 2025 on reopened Barrick operations

Mali is forecasting a slight recovery in industrial gold output in 2025 on the assumption that mining giant Barrick Gold will resume operations after a months-long standoff with the government, a... 

Buenaventura seeks to unlock $2.7bn mine project with water deal

Buenaventura, one of Peru's largest mining firms, signed a water concession with the government on Tuesday in a bid to unlock the development of a major copper project at a time when the country's... 

Panama has not authorised visits to the Cobre Panama copper mine

Panama has not authorised visits to First Quantum's shuttered Cobre Panama mine, the country's Ministry of Commerce and Industry said in a statement on Tuesday. "Any entry of third parties to... 

Uranium miner Paladin Energy at nearly 2-year low after production outlook withdrawal

Shares of Australia's Paladin Energy slid on Wednesday to their lowest point in nearly two years after the uranium miner withdrew its production forecast for fiscal 2025, citing operational... 

Glencore's Cerrejon to reduce Colombia coal output by as much as 10Mt/y on transport costs

Cerrejon, a subsidiary of Anglo-Swiss commodities giant Glencore, said on Tuesday it will begin reducing production at its Colombia coal mine by between 5-million and 10-million tons a year, taking... 

Trafigura scraps plans for A$750m hydrogen plant in South Australia

Trafigura has abandoned plans to build an A$750-million green hydrogen plant at its Port Pirie lead smelter in South Australia, a spokesperson for the global commodity trading firm said on... 

Zambia's CEC to invest $500m in power projects to increase transmission

Zambia's Copperbelt Energy Corporation (CEC) will invest $500-million over the next two years to increase its solar power output and double the capacity of a power transmission line to Democratic... 

US jet fuel imports surge as Nigeria's Dangote refinery pushes barrels west

US jet fuel imports are set to hit a two-year high in March after Nigeria's Dangote refinery pushed barrels to North America, which should lower prices of the aviation fuel in the peak summer... 

Gold rally attracts investors back to mining stocks after months of outflows

Funds that invest in gold miners are set to attract their largest net monthly inflows in more than a year in March, as record-high gold prices improve firms' profit outlooks and boost cash flow.... 

Gold Road Resources hits record high after spurning Gold Fields' bid

Shares of Australia's Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields' $2.1-billion acquisition proposal, deeming it to significantly... 

Astral Foods flags sharp profit fall, reports cyber attack

Astral Foods said on Monday it expects its half-year profit to decline by as much as 60%, with a recent cybersecurity incident compounding the impact of lower chicken prices and higher input costs.... 

Canada aims for free internal trade that can offset any US tariffs, Carney says

Prime Minister Mark Carney on Friday said Canada could offset the effects of any US tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after... 

Copper’s uber-bull predicts new record on most-profitable-ever trade

One of the highest-profile copper bulls is back predicting new price records, as Donald Trump’s threat of tariffs drains global stocks and creates what he sees as unprecedented opportunities for... 

Panama President says he is waiting for First Quantum to suspend mine arbitration

Panama's President Jose Raul Mulino said on Thursday that his government has not been notified yet by Canada's First Quantum Minerals that the miner has suspended arbitration over its shuttered... 

Former Newmont executive tapped to oversee mining on US energy council, sources say

Former Newmont executive David Copley has been tapped to oversee the mining portfolio for the US National Energy Dominance Council, two sources familiar with the appointment said, making him the... 

Trump invokes emergency powers to boost US critical minerals production

US President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's... 

Trump administration to open more Alaska acres for oil, gas drilling

US Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying... 

Paladin Energy halts uranium mining in Namibia due to heavy rainfall, shares slip

Australian uranium producer Paladin Energy said on Friday it had temporarily halted operations at its Langer Heinrich Mine in Namibia due to heavy rainfall in the country, sending its shares to an... 

UK fines LME nearly $12m over handling of 2022 nickel crisis

Britain's financial regulator on Thursday fined the London Metal Exchange 9.2-million pounds ($11.9-million) over its handling of the 2022 nickel crisis, and said the exchange had failed to ensure... 

China's HBIS collaborates with Vale to advance steel decarbonisation

Chinese steelmaker HBIS group signed a memorandum of understanding (MoU) with iron-ore mining giant Vale to promote decarbonisation in the steel value chain, both companies said on Thursday. Both... 

China export controls freeze antimony shipments to EU from October

China has not shipped any antimony to European Union countries since October, customs data showed on Thursday, after the dominant supplier imposed export controls that have fuelled a surge in... 

Gold climbs to record high as Fed signals two rate cuts in 2025

Gold rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes. Spot... 

Colombia to launch May copper auction, aiming to substitute imports

Colombia's government will launch an auction in May for copper mining projects, a senior sector official said on Wednesday, part of a push to meet local demand for the industrial metal while easing... 

Danish fund manager CIP gets A$841m from Australia for green hydrogen project

Danish clean energy fund manager Copenhagen Infrastructure Partners (CIP) said on Thursday it had received A$814-million from the Australian government for its Murchison Green Hydrogen project.... 

AMSA confirms it is in talks to defer long steel plant closure

ArcelorMittal South Africa (AMSA) said on Wednesday it is in talks with the government and other parties for funding that could delay the planned closure of its long steel operations. The... 

Anti-graft groups target Bollore Group over old Africa assets, demand restitution

A dozen anti-graft campaigners have filed a complaint against logistics group Bollore and its former CEO with the French financial prosecutor, accusing them of using connections and... 

European bismuth prices rocket to record highs on China export curbs

Bismuth prices in Europe have surged to all-time highs as China's export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals, according to traders and... 

South Africa consumer inflation at 3.2% y/y in February

South Africa's headline consumer inflation remained at 3.2% year on year in February, unchanged from the month before, data from the statistics agency showed on Wednesday. In month-on-month terms... 

Rio Tinto backs dual-listed structure, asks shareholders to reject Pallister's bid

Mining major Rio Tinto on Wednesday backed its dual-listed structure and asked shareholders to vote against London-based hedge fund Palliser Capital's resolution to review the firm's two listings... 

Moody's expects South Africa's coalition government to reach budget compromise

Ratings agency Moody's expects South Africa's coalition government to reach a compromise that allows the country's deadlocked budget to pass with its focus on fiscal consolidation intact. "Our... 

Nornickel boss expects updates on copper JV in China in coming months

Vladimir Potanin, the head of Russian metals and mining giant Nornickel, said on Tuesday that he expects news about a copper-producing joint venture in China in the coming months. Nornickel is in... 

Trump says he’s authorising administration to produce coal power

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil... 

Thermal coal miner New Hope seeks acquisitions as funding options improve

Australian coal miner New Hope is on the hunt for acquisitions, said CEO Rob Bishop, and given improving investor appetite for New Hope debt he had no worries about financing growth in... 

US says South African ambassador's remarks were 'unacceptable'

Remarks by South Africa's ambassador to the United States about President Donald Trump were "unacceptable," a State Department spokesperson told reporters on Monday after Washington last week made... 

Gold hits record high as tariff uncertainty fuels safe-haven demand

Gold prices scaled a record peak above the crucial $3 000-mark on Tuesday for the second time in a week, as investors sought cover from economic concerns fuelled by US President Donald Trump's... 

Trump-driven turbulence draws new investors into gold

Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market's...