Vale posts $3.8bn loss on nickel impairment; analysts welcome core profit

Miner Vale on Thursday reported that its fourth-quarter net loss widened year-on-year, citing an impairment of nickel assets in Canada, yet analysts welcomed a core profit above expectations,... 

Ghana's gold output hits record 6Moz in 2025, industry group says

Ghana produced a record 6 million ounces of gold in 2025, according to provisional data, with large‑scale mines contributing 2.9 million ounces, unchanged from last year, an association of... 

Australian uranium miners in Namibia bullish on outlook as prices surge

Australian miner Paladin Energy is on track to complete the ramp up of its Langer Heinrich uranium mine in Namibia to reach maximum output from July as higher prices help to accelerate mining... 

Western Cape farmers lose cattle to drought

In South Africa's most visited and affluent province, Western Cape, one of the worst droughts in living memory is drying up dams, scorching grass and killing livestock, prompting the government to... 

South African rand softens ahead of presidential address and economic data

The South African rand softened in early trade on Thursday as investors awaited statistics agency data and President Cyril Ramaphosa's annual State of the Nation address to gain a clearer picture... 

South African farmers count mounting losses as foot-and-mouth disease rages

South Africa's beef exports fell 26% in 2025, despite growing global demand, partly due to China's ban on the African country's red meat products as it battles its worst foot-and-mouth disease... 

Australia's South32 confirms Mozambique plant wind-down after profit beat

Australian diversified miner South32 reaffirmed it would put its Mozambique aluminium plant on care and maintenance next month after a drought hit power supply, as it posted a higher first-half... 

Platinum miners favour payouts over projects even as prices surge

Platinum's run to record highs will need to be sustained for miners to invest heavily in new projects, with executives signalling they plan to prioritise shareholder payouts for now amid concerns... 

Gabon dismisses energy concerns over 2029 manganese refining deadline

Gabon's mining minister said on Wednesday that energy shortages will not be accepted as justification for missing the country's 2029 ban on raw manganese exports, dismissing industry warnings that... 

Indonesia reviews decision to take over Martabe gold mine

Indonesia is reviewing its decision to take over the Martabe gold mine from a company linked to Jardine Matheson, its energy minister said late on Wednesday, after previously announcing it would... 

Northern Star climbs to record high as first-half profit surges 49%

Australia's Northern Star Resources reported a 49% surge in its first-half profit on Thursday, boosted by higher realised gold prices, sending its shares to a record high. Shares of the company... 

Congo says it would seek other partners if US minerals framework fails

The Democratic Republic of Congo will look for other partners if its minerals cooperation framework with the US does not lead to concrete projects, the country's mines minister said. "Everything... 

CME looks into launching first ever rare earth futures contract, sources say

CME Group is working on a plan to launch the world's first futures contract in rare earths, three sources with knowledge of the matter told Reuters, in a move that would allow governments,... 

Zijin to launch Congo’s first lithium output in June from disputed Manono deposit

China’s Zijin Mining will initiate Congo’s first lithium output in June from the disputed Manono deposit and move immediately to exports, the company and state miner Cominiere said, marking a major... 

Albemarle to idle Australia lithium plant after profit miss

Albemarle, the world's largest producer of lithium, posted a larger-than-expected quarterly loss on Wednesday and said it would idle a major Australian processing plant as it continues to face weak... 

Trump directs Energy Department to issue funds to keep coal plants online

President Donald Trump on Wednesday ordered the Defense Department to purchase electricity from coal-fired power plants in his latest effort to boost the coal sector. The move, which was announced... 

Botswana's State-owned diamond company turns to contract sales to manage tough market

Botswana's State-owned Okavango Diamond Company plans to increase the share of diamonds it sells to contracted buyers as a way to navigate a depressed global diamond market, acting MD Lipalese... 

Eramet says Indonesia nickel permit volume slashed for 2026

Eramet's nickel mining joint venture in Indonesia has received an initial production allowance of 12-million wet metric tons for this year, down from the initial allowance of 32-million it received... 

China's 2026 coal output set for slowest growth this decade despite lower imports

China's coal output is expected to rise 35-million metric tons to 4.86-billion tons in 2026, a major coal industry group said on Tuesday, the slowest pace this decade despite projections of a... 

Rising investment to keep global silver demand steady in 2026, Silver Institute says

Global silver demand is expected to remain steady in 2026 with gains in retail investment offsetting most of the losses across industrial, jewellery and silverware demand, the Silver Institute... 

South African rand gains on weaker dollar ahead of key US jobs data

The South African rand gained against a weaker dollar in early trade on Wednesday, as investors digested disappointing retail sales figures and waited for a key labour market report from the US. At... 

South Africa records 16% decline in rhino poaching

South Africa recorded a 16% drop in rhino poaching last year, the second consecutive decline of that magnitude, the environment ministry said on Tuesday. The ministry said in a statement that 352... 

Botswana to expand exploration beyond diamonds, mines minister says

Botswana plans to ramp up mining exploration, including for critical minerals, as it seeks to diversify beyond diamonds by surveying the roughly 70% of its territory that remains unexplored, mines... 

Mozambique pushing to keep South32 aluminium smelter open, minister says

Mozambique's government is doing "everything that is required" to make sure that South32's Mozal aluminium smelter stays open, mineral resources and energy minister Estevao Pale said on Monday. The... 

Angola's Endiama seeks to raise diamond output further after 2024 record

Angola's State-owned diamond miner Endiama is aiming to increase its output to 17-million carats by 2027 from record production of 14-million carats in 2024, a government publication showed on... 

Harmony Gold says newly acquired Australian copper mine requires two-year revamp

South African miner Harmony Gold's recently acquired CSA Copper Mine in Australia requires a capital injection and a strategic rethink which could take two years, CEO Beyers Nel said on Monday.... 

Australian lithium miner PLS rises on spodumene supply deal with China's Canmax

PLS Group said on Tuesday that it has signed a two-year offtake deal to supply 150 000 t of spodumene concentrate to Chinese lithium battery materials maker Canmax Technologies, sending shares of... 

TechMet targets up to $200m in new fundraising, CEO says

US-backed investment vehicle TechMet is looking to raise up to $200 million in additional funds as it seeks to finance critical minerals projects, CEO Brian Menell said on Monday. Privately-held... 

UK-based Phoenix Copper suspends top brass amid payment inquiry

UK-based Phoenix Copper said on Monday it had suspended its executive chairperson and finance chief with immediate effect while it investigates allegations over their conduct and past payments to a... 

US challenges Chinese control in race for African minerals

The US is using offtake deals and State-backed funding to compete in the short term with China in securing supplies of African copper, cobalt and other critical minerals, diplomats, executives and... 

Nersa says Eskom can increase charges more than previously approved

South Africa's energy regulator said on Sunday that it granted State utility Eskom larger electricity rate increases for its next two financial years than originally set after admitting errors in... 

South African rand starts week firmer as gold rebounds

The South African rand began the new week firmer in early trade on Monday, boosted mainly by stronger yellow precious metal prices. At 0638 GMT, the rand traded at 15.97 against the dollar, roughly... 

Eramet's finance chief steps aside temporarily, days after CEO ouster

French miner Eramet's finance chief Abel Martins-Alexandre has stepped aside temporarily during a probe into management methods, a company spokesperson said on Friday, days after Eramet ousted its... 

Angola seeks 20%-30% stake in De Beers, senior official says

Angola is pursuing a 20% to 30% stake in Anglo American's diamond unit De Beers, a proposal being discussed with other diamond-producing African nations, a senior official from Angola's mining... 

South Africa launches local foot-and-mouth vaccine as infections spread

South Africa on Friday announced its first foot-and-mouth vaccine in 20 years as it seeks to boost local production of inoculation doses to fight the country's worst outbreak of the disease in many... 

South African rand gains in volatile trade

The South African rand strengthened in volatile early trade on Friday, as the dollar moved towards its best week since November. At 0745 GMT the rand traded at 16.2175 against the dollar, up about... 

Capstone to resume full production at Chile's Mantoverde mine as strike ends

Canada's Capstone Copper said on Friday that the largest union at its Mantoverde copper‑gold mine in Chile had approved a new three‑year labour contract, ending a strike that started on January 2... 

Rio Tinto's Australian investors applaud end to Glencore takeover talks

Australian shareholders in Rio Tinto have welcomed the mining giant's decision to end merger talks with Glencore, and said it is now up to the company to deliver on a new strategy that it has put... 

Silver tumbles, oil drops in commodity sell-off

Commodities prices slid on Thursday, led by silver, part of a broad market sell-off as investors reversed an earlier rush for hard assets after global geopolitical tensions eased. Silver tumbled... 

Geordin Hill-Lewis considers running for DA leader

Cape Town Mayor Geordin Hill-Lewis said on Thursday that he was considering running for the leadership of the Democratic Alliance, the second-biggest party in South Africa's coalition government....