South Africa records first current account surplus in over two years

South Africa recorded its first current account surplus in more than two years in the final quarter of 2025, helped by rising precious metal prices, central bank data showed on Thursday. The... 

Shipper MSC secures 45‑year Lagos port concession with Nigerdock

Shipping company MSC has signed a 45-year concession agreement with Nigerian maritime company Nigerdock to develop, operate and maintain a new container terminal at Snake Island Port in Lagos, the... 

Oil climbs as Iran steps up attacks on Gulf shipping

Oil prices jumped on Thursday as Iran stepped up attacks on oil and transport facilities across the Middle East, raising fears of a prolonged conflict and oil-flow disruptions through the Strait of... 

Chile's Kast sworn in as President in biggest right-wing shift in decades

Jose Antonio Kast was sworn in as Chile's President on Wednesday, ushering in the country’s sharpest shift to the right in decades as voters, alarmed by rising insecurity, backed a broader... 

Peru approves environmental study for $3.4bn Buenaventura copper project

Peru on Wednesday approved an environmental study for Buenaventura, one of Peru's largest mining firms, to proceed with its southern Trapiche copper project with an estimated investment of... 

Liontown posts wider interim loss, eyes lithium recovery

Australia's Liontown reported a widened first-half loss on Thursday after logging a non-cash accounting charge and said it was reviewing potential expansion at its Kathleen Valley mine given likely... 

Three more vessels hit by projectiles in Strait of Hormuz, showing merchant ships remain in firing line

Three more vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security and risk firms said on Wednesday, bringing the number of ships struck in the region since the Iran... 

CleanTech Lithium to start Laguna Verde partner hunt after Chile contract agreement

CleanTech Lithium expects to formally launch the search for a strategic partner for its Laguna Verde lithium project after publishing a pre-feasibility study later this month, with the process... 

NUM vows to fight job cuts at Samancor smelter after energy deal

The National Union of Mineworkers (NUM) on Wednesday vowed to fight planned job cuts at ferrochrome smelter Samancor, which could affect 2 400 employees even after a more than 50% electricity price... 

Brazil regulator approves Rio Tinto, Chinalco deal for aluminum producer CBA

The general superintendency of Brazil's antitrust watchdog CADE has approved without restrictions a deal for China's Chinalco and Rio Tinto to acquire a controlling stake in aluminum maker CBA, the... 

Oil producers should invest in Nigeria to diversify supply in time of crisis, Minister says

The Middle East conflict shows why Gulf oil and gas producers should regard Nigeria as a partner, not a rival, to help diversify supply during crises, Foreign Minister Yusuf Tuggar told Reuters.... 

Rio Tinto raises Q2 Japan aluminium premium offer, sources say

Rio Tinto has raised its aluminium premium offer to Japanese buyers to $350 per metric ton for April-June primary metal shipments, up 79% from the current quarter, due to fears the escalating... 

Oil prices seesaw as markets weigh IEA reserves release, persistent supply concerns

Oil prices rebounded on Wednesday as markets doubted whether the International Energy Agency's reported plan for a record release of oil reserves could offset potential supply shocks from the... 

Zambia seeking global investors to help triple copper output by 2031

Zambia is courting global investors, including from the US, as it aims to more than triple its copper output to three-million metric tons by 2031, its mines minister said on Tuesday. Africa's... 

Workers at Glencore's Australia refinery plan strike after pay talks fail

Workers at Glencore's copper refinery in North Queensland plan to go on a strike after nearly a year of failed negotiations over pay and working conditions, the Australian Workers' Union (AWU) said... 

Lynas revamps deal to supply rare earths to Japan

Australia's Lynas Rare Earths has revamped its supply agreement with Japan Australia Rare Earths, securing a firm annual commitment for 5 000 tonnes of neodymium‑praseodymium, a key rare‑earth... 

Oil falls as Trump predicts Middle East de-escalation

Oil prices fell on Tuesday after hitting an over three-year high in the prior session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about... 

Mongolia urges Rio Tinto to rewrite terms of Oyu Tolgoi copper mine, FT reports

Mongolia is seeking to renegotiate the "unfair" commercial terms of mining giant Rio Tinto's $18-billion Oyu Tolgoi copper mine, the Financial Times reported on Monday. Mongolia's Prime Minister... 

Glencore weighs Australia listing after Rio Tinto talks collapse – media report

Glencore is open to considering listing in Australia, if it proves beneficial to the company, the Australian Financial Review reported on Monday, following the collapse of merger talks with Rio... 

Ghana to introduce new gold royalty regime on Tuesday despite opposition, regulator says

Ghana will press ahead on Tuesday with a new sliding‑scale gold royalty regime that links state revenues to rising bullion prices, the head of the mining regulator has told Reuters, despite... 

Congo state gold trader targets volumes of 15 t of artisanal bullion in 2026

Democratic Republic of Congo's State-owned gold trading house plans to boost the volume of metal it sells from the country's artisanal mining sector to 15 metric tons this year, with the central... 

California lithium company to go public in $4.7bn SPAC deal

Lithium developer Controlled Thermal Resources (CTR) will go public in the US through a $4.7-billion merger with blank-check firm Plum Acquisition Corp IV, the companies said on Monday. Deals by... 

Ferrexpo flags risk from collapsed Swiss bank; shares tank

Iron-ore pellet producer Ferrexpo on Monday warned of "material negative consequences" unless it secures alternative banking arrangements after its Swiss banking partner MBaer collapsed, sending... 

Ghana looks to shift artisanal gold refining amid Dubai flight disruptions, say sources

Ghana's State-run artisanal gold exporter is preparing to shift cargoes to alternative refining hubs if flight disruptions to the United Arab Emirates persist, two sources with knowledge of the... 

Reserve Bank to redraft risk scenarios as Iran war boosts oil price

South Africa's central bank will redraft its risk scenarios for its next rate-setting policy meeting as the widening Middle East conflict pushes up oil prices, the country's central bank governor... 

Tunisia plans $1bn expansion of Tunis-Carthage airport to quadruple capacity

Tunisia plans to expand its main Tunis-Carthage airport at an estimated cost of about three-billion dinars ($1-billion), aiming to nearly quadruple passenger capacity as part of efforts to... 

IMF's Georgieva warns Middle East conflict could push global inflation higher

IMF MD Kristalina Georgieva on Monday warned of inflation risks from the Middle East conflict, saying a 10% increase in oil prices, if persistent through most of the year, would result in a... 

Oil soars 25%, gold drops as Iran war jolts global commodity markets

Oil prices surged around 25% on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2% as an escalating Iran war squeezed world energy supplies,... 

Iron-ore extends rally on surging energy, rising freight costs

Iron-ore futures traded at month-high prices on Monday, with Dalian iron ore rallying for the sixth consecutive session on the back of surging energy prices and freight costs amid the Iran war.... 

Iron-ore gains as China widens curbs on BHP cargoes

Iron-ore prices climbed on Friday as top consumer China's widening restrictions on buying some seaborne cargoes from major supplier BHP sparked supply concerns that outweighed falling demand. The... 

Canadian Natural Resources beats 4th quarter profit estimates on higher production

Oil and gas producer Canadian Natural Resources on Thursday posted a better-than-expected profit in the fourth quarter, as executives pointed to the company's ability to weather dramatic swings in... 

Gold Reserve, other miners receive US license to negotiate Venezuela return

Gold Reserve said on Thursday the US Treasury's Office of Foreign Assets Control has issued a 30-day licence allowing certain companies, including the miner, to negotiate with Venezuela. Shares of... 

Global economy faces inflation and growth test amid escalating conflict in Iran – Goldman

A temporary surge in oil prices to $100/bbl could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East... 

MSC imposes war surcharge on shipments to Africa and Indian Ocean islands

Shipping company MSC said on Thursday it would implement a "war surcharge" for cargoes moving to African nations and Indian Ocean islands from the Indian subcontinent and the Gulf countries, after... 

Pentagon sought fresh supply of 13 critical minerals day before Iran attack

The US military asked mining companies last Friday to help boost domestic supplies of 13 critical minerals used to ​make semiconductors, weapons and other products, a document reviewed by Reuters... 

China unveils plan to decarbonise economy but stops short of quitting coal

China on Thursday released a new economic decarbonisation plan that seeks to put its carbon intensity reduction programme back on track, mainly by relying on its booming renewable sector to limit... 

Global jet fuel prices soar on supply concerns, Platts says

Jet fuel prices have soared globally with the Singapore rate hitting an all-time high on supply disruption concern, S&P Global Platts said on Thursday. Singapore jet fuel price hit an all-time high... 

South Africa seeks local production of Gilead's HIV prevention drug

South Africa is asking local drugmakers to start a process to make Gilead Sciences’ long-acting HIV prevention drug, lenacapavir, domestically, in a push to bring production to the region where it... 

Landslide kills over 200 people at Congo's Rubaya mine, mines ministry says

More than 200 people died on Tuesday in a landslide triggered by heavy rains at the Rubaya coltan mine in eastern Democratic Republic of Congo, the country's mines ministry said on Wednesday. A... 

Vopak delays investment on South African LNG project to 2028

Dutch tank storage and terminal operator Vopak has pushed back a final investment decision (FID) on South Africa's first liquefied natural gas terminal to 2028, a senior executive said on...