Airline shares fall as US-Iran conflict disrupts travel, raises oil prices

Airline shares plunged on Monday, with Hong Kong's Cathay Pacific and Australia's Qantas Airways down more than 5%, and European airline stocks indicated lower, after the US and Israel launched... 

Iron-ore gains as freight costs rise amid Iran war; shipments fall

Iron-ore prices reversed earlier losses to trade higher on Monday, as investors shifted focus to potentially higher freight rates following the Iran conflict and falling shipments from major... 

Nigeria, AFC sign $1.3bn deal to build alumina refinery

Nigeria has signed a $1.3-billion investment deal with Africa Finance Corporation (AFC) to build an alumina refinery and fund nationwide mineral exploration, the government said late on Sunday, in... 

Oil and gas prices surge as Iran war disrupts Middle Eastern output

Oil and gas prices surged on Monday following Israeli and US strikes on Iran and retaliation by Tehran that forced shutdowns of oil and gas facilities across the region and disrupted shipping in... 

Ship insurers cancel war risk cover due to Iran conflict

Several marine insurers said they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the... 

Dominican Republic has over 150Mt tons of rare earth deposits, President says

The Dominican Republic has identified rare earth deposits that could position the Caribbean nation as a significant future supplier of minerals critical to high-tech industries, President Luis... 

Argentina's Senate passes glacier law reform to unlock mining projects

Argentina's Senate approved on Thursday a reform to the law protecting Andean glaciers, a measure promoted by the libertarian President Javier Milei's government with the aim to unlock investments... 

India seeks to cut power sector coal imports by 30% this year, sources say

India, the world's second-largest importer of thermal coal, wants to cut those imports for power plants by at least 30%, asking them to test increased blending with domestic coal, government and... 

Ecuadorean lawmakers pass reform geared at driving mining investment

Ecuador's National Assembly on Thursday approved reforms proposed by President Daniel Noboa aimed at boosting the nation's mining sector, but that have been criticised by environmentalists and... 

MP Materials swings to Q4 profit on US government price support

Rare earths company MP Materials swung to a fourth-quarter profit, it said Thursday, exceeding analysts' expectations, driven by its price support agreement with the US government and sale of... 

Godongwana stresses need for higher growth to draw investment

South Africa's Finance Minister Enoch Godongwana said on Thursday that meeting fiscal targets alone was insufficient to draw investment into Africa's biggest economy, stressing the need for higher... 

Eagle Nuclear Energy begins trading post SPAC merger

Eagle Nuclear Energy's shares rose 14.6% in afternoon trade on Wednesday after the uranium exploration company began trading on Nasdaq following its merger with the blank-check firm, Spring Valley... 

Chile readies two fresh lithium contracts

Chile's mining ministry is preparing two new lithium contracts for submission to the national comptroller in March, advancing efforts to expand production beyond the projects initially submitted... 

South African rand steady as investors digest budget, await producer inflation

The South African rand was steady in early trade on Thursday as investors digested the annual budget, which analysts said underscored the government's commitment to restoring fiscal sustainability.... 

Lynas posts best interim profit in three years, still misses estimates

Australia's Lynas Rare Earths reported its best first-half profit in three years on Thursday, helped by higher sales volumes and elevated commodity prices. Beijing's easing of export controls has... 

Ghana targets 127 t of artisanal gold annually under sweeping reforms

Ghana plans to channel about 127 metric tons of gold per year from artisanal and small‑scale mining (ASM) into official trade under revised sector reforms to boost foreign-exchange earnings and... 

China's lithium price soars after Zimbabwe suspends export

China's lithium price surged on Thursday after Zimbabwe suspended raw mineral exports, sparking concerns over supply disruptions, at a time when growing energy storage demand is projected to drive... 

Angola's national oil company wants to diversify into critical minerals

Angolan State-owned oil company Sonangol said on Wednesday that it wanted to diversify into critical minerals as it reported lower net profit last year. Sonangol made net profit of more than... 

Zimbabwe bans exports of all raw minerals and lithium concentrates

Zimbabwe has suspended exports of all raw minerals and lithium concentrates with immediate effect, its mines ministry said in a statement on Wednesday. The ministry said the ban on exports would... 

Newmont to invest $800m in Argentina's Cerro Negro

Gold producer Newmont will invest approximately $800-million in Argentina's Cerro Negro mine, the country's Economy Minister, Luis Caputo, said on Tuesday. The investment will be used to restart... 

LG Energy selling its 7.5% stake in lithium firm Liontown, term sheet shows

outh Korea's LG Energy Solution is selling its 7.5% stake, or shares worth at least A$419-million, in Australian lithium producer Liontown in a block trade, according to a term sheet. The South... 

South African rand firms ahead of national budget

South Africa's rand was firmer in early trade on Wednesday, ahead of the 2026 national budget speech to be delivered by the finance minister later in the day. At 0615 GMT, the rand traded at... 

Cape Town airport fire disrupts international and domestic flights

A fire at Cape Town International Airport on Tuesday disrupted international and domestic flights, though the state company that manages South Africa's airports said the fire had been extinguished.... 

New US tariffs come in at lower 10% rate

The US imposed an additional tariff from Tuesday of 10% on all goods not covered by exemptions, a notice issued by US Customs and Border Protection said, the rate initially announced by President... 

African nations turn to multilateral lenders for diversification, S&P says

African governments will lean more on multilateral lenders and reform momentum in 2026 even as debt distress risks remain elevated across the continent, S&P Global Ratings' head of national ratings... 

Woodside's annual profit beats forecasts on strong output, shares hit 18-month high

Oil and gas producer Woodside Energy posted a smaller-than-expected fall in annual profit on Tuesday, as higher production softened the blow from weaker realised prices, sending shares up to a... 

Australia monitors China iron-ore talks for potential hit to budget

Australia is closely watching talks between iron-ore majors and China's state-backed buyer because of the potential impact a lower ore price would have on the federal budget, the country's... 

Congo replaces Gecamines leadership amid minerals talks with US

The Democratic Republic of Congo’s president has replaced the board chair and chief executive of state miner Gecamines, the government said on Monday, a major shake-up that comes at a time when... 

Trump's new ambassador to South Africa presents credentials

US President Donald Trump's pick for ambassador to South Africa, conservative activist and writer Leo Brent Bozell III, on Monday presented his credentials to South Africa's government. South... 

India, Brazil sign mining pact as Modi targets $20bn trade in five years

India moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion... 

2026 Budget: What will Godongwana do on debt, taxes?

Finance Minister Enoch Godongwana will present the 2026 budget bill to lawmakers on Wednesday. Investors in Africa's economic powerhouse are watching closely to see whether the Treasury can keep... 

Uganda wants to link new railway line to Tanzania, opening up new export route

Uganda wants to link a new railway line it is building to one under construction in neighbouring Tanzania, a government document seen by Reuters showed, potentially opening up a new export route... 

South African rand edges up with national budget in focus this week

The South African rand gained in early trade on Monday as investors turned their attention towards the 2026 national budget, to be tabled later this week, amid what analysts described as a... 

Sasol half-year profit down 34% on lower oil, chemical prices

South African petrochemical firm Sasol on Monday reported a 34% drop in half-year profit, mainly due to lower oil and chemical prices. Sasol's headline earnings per share was R9.27 in the six... 

Mineral Resources swings to interim profit on stronger Onslow output, lithium rebound

Australia’s Mineral Resources reported stronger‑than‑expected interim earnings on Friday, buoyed by steady nameplate‑capacity output from its flagship Onslow Iron project and a rebound in lithium... 

Century's Iceland aluminium smelter to return sooner than expected

US aluminium producer Century Aluminum said on Thursday that repairs would allow the shuttered capacity at its Grundartangi smelter in Iceland to restart by the end of April, around six months... 

Imerys freezes UK lithium project to focus on France

Imerys has frozen its project to develop lithium production in Britain to focus on a more advanced venture in France, the minerals group said on Thursday. The Imerys British Lithium project in... 

Five miners presumed dead after mudslide in South African diamond mine

Five diamond miners missing since Tuesday following a mudslide deep underground are presumed dead, South Africa's mining minister said on Friday after assessing rescue efforts. Gwede Mantashe told... 

Nutrien expects higher potash demand despite tough conditions for farmers

op world potash producer Nutrien expects increased demand for the crop nutrient in 2026 despite farmers cutting back on phosphate fertilizer and facing low returns. On its fourth-quarter financial... 

South African rand flat amid firmer dollar; US inflation in focus

The South African rand was flat in early trade on Friday as a stronger US dollar continues to dominate trading, with investors also focused on upcoming US inflation data for clearer signals on the...