Copper's positive, long-term trajectory unchanged despite US tariff, Barrick CEO says

Copper miners remain bullish on the metal's future prospects even as a looming 50% US tariff creates short-term price volatility, Barrick Mining Corp CEO Mark Bristow said in Zambia, where the... 

Hudbay Minerals suspends Snow Lake operations due to wildfire

Canadian copper miner Hudbay Minerals said on Thursday it has temporarily suspended operations in Snow Lake due to a wildfire in Northern Manitoba. Some exploration work near Snow Lake has also... 

Mali military helicopter airlifts gold from Barrick-owned Loulo-Gounkoto

A Malian military helicopter airlifted gold from the Barrick-owned Loulo-Gounkoto complex on Thursday, three sources said, days after Reuters reported that a court-appointed administrator planned... 

Zimbabwe forex rule costs gold miners amid price rally

Soaring prices are driving Zimbabwe's gold output and income, but the government's foreign currency retention rules are eating into producers' earnings, the country's mining industry body said. The... 

Trump sells shift from 'aid to trade' in White House meeting with African leaders

President Donald Trump told leaders from five African nations on Wednesday that he was shifting the US approach to the continent from aid to trade and that the United States is a better partner for... 

Nigeria's Dangote refinery plans 1.6 million barrels fuel storage tanks in Namibia, sources say

Nigeria's Dangote petroleum refinery will construct storage tanks in Namibia to hold at least 1.6-million barrels of gasoline and diesel to supply refined fuel to Southern Africa, two sources told... 

US tariffs on South Africa set to hit white farmers Trump has embraced

US President Donald Trump's threatened 30% tariff on South African exports is set to deal an economic blow to a community he has vocally and controversially championed: white farmers. Citing false... 

Emirates Global Aluminium says Guinea wrongfully terminated deal

Emirates Global Aluminium said on Wednesday that the Guinean government had wrongfully terminated an agreement with its subsidiary, Guinea Alumina Corporation, after a year-long dispute over the... 

Ghana launches task force to curb gold smuggling losses

Ghana President John Dramani Mahama on Tuesday launched a task force backed by security forces to address illegal gold trading, as Africa's top producer seeks to recover billions of dollars lost to... 

How US buyers of critical minerals bypass China's export ban

Unusually large quantities of antimony - a metal used in batteries, chips and flame retardants - have poured into the United States from Thailand and Mexico since China barred US shipments last... 

World's top copper producer Chile in wait-and-see mode after Trump tariff bombshell

Chile, the world's No. 1 copper producer, is in wait-and-see mode after US President Donald Trump announced a surprise 50% tariff on imports of the red metal, with the Andean nation blindsided... 

Trump says US to impose 50% tariff on copper imports, copper futures jump

President Donald Trump said he will announce a 50% tariff on copper on Tuesday, hoping to boost US production of a metal critical to electric vehicles, military hardware, the power grid and many... 

Mali plans to sell gold reserves at Barrick complex to fund operations

-The Malian court-appointed administrator of Barrick Mining's Loulo-Gounkoto complex plans to sell one metric ton of gold from the site's storeroom as operations commence again after an almost... 

Glencore to sell copper smelter to Philippines’ Villar family

Glencore has agreed to sell its struggling copper refinery in the Philippines to the family of the country’s richest man as the smelting industry reels from the lowest processing fees on record.... 

Third of chip production could face copper supply disruptions by 2035, PwC report says

Some 32% of global semiconductor production could face climate change related copper supply disruptions by 2035, quadrupling from today's levels, advisory firm PricewaterhouseCoopers (PwC) said in... 

China risks global heavy rare-earth supply to stop Myanmar rebel victory

The global supply of heavy rare earths hinges in part on the outcome of a months-long battle between a rebel army and the Chinese-backed military junta in the hills of northern Myanmar. The Kachin... 

South Africa says it is not anti-American after Trump's Brics tariff threat

South Africa is not anti-American and still wants to negotiate a trade deal with the United States, a trade ministry spokesperson said, after US President Donald Trump threatened an extra 10%... 

Guinea bauxite exports up 36% to 99.8Mt on Chinese demand

Guinea's exports of bauxite, a feedstock for aluminium, jumped 36% to a record 99.8-million metric tons in the first half of 2025, driven by robust Chinese demand that offset declines from a... 

Trump threatens extra 10% tariffs on BRICS as leaders meet in Brazil

President Donald Trump said the US will impose an additional 10% tariff on any countries aligning themselves with the "Anti-American policies" of the BRICS group of developing nations, whose... 

Newmont to fire at least 10% of staff at Suriname's Merian mine

Newmont, the world's largest listed gold miner, announced on Friday that it would lay off 10% to 15% of its workforce at its Merian mine in Suriname, citing production declines. "Since 2021, gold... 

Canada could financially back aluminum producers if 50% US tariffs persist, trade group says

Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a US-led trade war, in the event that Washington's 50% tariff on imports of the metal persist... 

Japan to begin test mining rare-earth mud from seabed in early 2026

Japan will begin test mining for rare-earth-rich mud from the deep seabed off Minamitori Island, some 1 900 km southeast of Tokyo, in January next year, the head of the government-backed project... 

Bolivian congress brawls over China, Russia lithium deals

Bolivia's energy minister was doused with water and pelted with garbage on Thursday as chaos erupted in congress during a debate on controversial lithium contracts with Chinese and Russian firms... 

Australia's PM says he expects 10% US baseline tariff to stay

Australia will likely still be subjected to the 10% tariff rate on all exports to US but the government will continue to try and negotiate for an exemption, Australian Prime Minister Anthony... 

Indonesia nickel miners urge government to maintain three-year mining quota

Indonesia's nickel miners' association APNI on Friday urged the government to ensure mining quotas continue to be valid for three years to maintain a consistent business climate, rather than... 

BRICS to launch guarantee fund to boost investment in member nations, sources say

The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank to lower financing costs and boost investment, two people familiar with the matter... 

Former Deputy President Mabuza dies

South Africa's former deputy president, David Mabuza, who helped bring current President Cyril Ramaphosa to power, has died, the presidency said on Thursday. Mabuza, 64, served as deputy president... 

China's foreign minister dismisses European worries over rare earths

China's foreign minister downplayed European worries over rare earth exports restrictions on Thursday, saying it was standard practise to control dual-use goods exports but that Europe's needs... 

Nornickel lowers forecast for 2025 nickel surplus to 120 000 t

Russian mining giant Nornickel expects this year's nickel surplus to be 120 000 t which is 30 000 t lower than it previously thought, it said in a metals market review on Thursday. Nornickel, the... 

Vale cuts forecast for iron-ore agglomerates output amid market weakness

Brazilian miner Vale on Wednesday lowered its forecast for iron ore agglomerates production in 2025, as the pellet market struggles with oversupply concerns and reduced demand for high-quality... 

South Africa reports H5N1 bird flu on poultry farms, international agency says

South Africa has reported the highly pathogenic H5N1 strain of avian influenza, or bird flu, on two poultry farms in the country, the World Organisation for Animal Health said on Wednesday. The... 

France's Orano says its Niger uranium mine on verge of bankruptcy

French uranium miner Orano said on Wednesday its majority-owned joint venture with Niger, SOMAIR, is on the verge of bankruptcy as a result of export restrictions imposed by Niger's military... 

Indonesia plans to cut mining quota period back to one year, minister says

Indonesia plans to cut the duration of mining quotas back to one year from the current three years to improve governance in the sector and better control coal and ore supplies, Mining Minister... 

Australian shares notch record close, led by miners and rising rate cut hopes

Australian shares finished at a new all-time high on Wednesday, driven by a broad-based rally led by miners, as sluggish retail sales fuelled expectations of an interest rate cut next week and... 

US, Indo-Pacific partners announce minerals initiative as Rubio hosts counterparts

The United States announced the launch of a critical minerals initiative with Australia, India and Japan on Tuesday as part of efforts to counter China, although ties between the partners have been... 

Chile's Codelco secures new lithium quota for SQM partnership

Chile's State-run copper producer Codelco said on Tuesday it has secured regulatory approval for a new lithium quota, clearing one of the remaining hurdles to produce the battery metal through its... 

Bezos-backed methane tracking satellite is lost in space

An $88-million satellite backed by billionaire Jeff Bezos that detected oil and gas industry emissions of the powerful greenhouse gas methane has been lost in space, the group that operates said on... 

Chile speeds up permitting for mining, other investment projects

Chile's congress approved long-awaited legislation to speed up the permitting process for investment projects in the country on Tuesday. The law was a key demand from the country's mining industry... 

HSBC raises average gold price forecasts for 2025 and 2026

HSBC raised its 2025 average gold price forecast to $3 215 an ounce from $3 015 and its 2026 forecast to $3 125 from $2 915, citing elevated risks and government debt. Gold tends to perform well... 

South African factory mood improves slightly but is still depressed, survey shows

A gauge of South African manufacturing sentiment showed signs of improvement in June, reaching its second-highest level this year though output is still weak and logistics bottlenecks remain, a...