Global refined zinc and lead markets face 2025 surplus, ILZSG says

The global refined zinc and lead market will be in surplus this year, the International Lead and Zinc Study Group (ILZSG) said on Friday. The group expects that global supply of refined lead will... 

Hindustan Zinc reports higher profit on jump in prices, production

Hindustan Zinc, the world's third-biggest zinc producer, reported a jump in fourth-quarter profit on Friday, supported by higher production and rising prices of the metal. The company's... 

India's steel secretary says coking coal imports to accelerate

India's coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking... 

Mine collapse in eastern Congo kills at least ten people, rebel-appointed provincial governor says

At least 10 people were killed in a gold mine collapse in eastern Democratic Republic of Congo, the rebel-appointed governor of South Kivu province said on Thursday. M23 rebels have seized east... 

War-hit Congo park turns to chocolate gorillas in conservation push

Threatened by armed conflict, volcanic activity and rampant deforestation, Africa's oldest national park is turning to a new product to raise its profile and boost conservation efforts: chocolate... 

Chinese coal buyers reject new Indonesia price benchmark

Indonesia's push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta's attempt to exert more leverage over its commodity exports. Indonesia... 

NMDC exploring coking coal assets in Indonesia, Australia

Indian miner NMDC is exploring coking coal assets, key ingredient used for making iron ore and steel, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday. India, the world's... 

Antamina copper mine restarts after accident left employee dead

Peru's sprawling Antamina copper mine is slowly restarting operations, a source close to the company said on Thursday, after an accident earlier this week left an employee dead and another... 

Trump signs executive order boosting deep-sea mining industry

President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical... 

Vale's net profit drops 17% on lower iron ore prices

Brazilian miner Vale reported a 17% decline in its first-quarter net profit on Thursday, hit by lower iron ore prices despite improved costs. Vale, one of the world's largest iron ore producers,... 

Tanzania bans agriculture imports from South Africa, Malawi

Tanzania has banned the importation of agricultural products from Malawi and South Africa, saying it was retaliation for similar hostile trade measures from both countries. The three countries all... 

Freeport-McMoRan flags higher costs due to tariffs, posts lower quarterly profit

Freeport-McMoRan said on Thursday the proposed tariffs could increase costs of goods the copper miner purchases in the United States by about 5%. Trump's sweeping tariffs on most U.S. imports and... 

Nickel market forecast to be in 198 000 t surplus in 2025, says INSG

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198 000 metric tons for 2025. The group also forecast global primary nickel usage at 3.537-million tons... 

South African president discusses Ukraine, bilateral ties with Trump

President Cyril Ramaphosa said in a post on social media platform X on Thursday that he had spoken to US President Donald Trump on the Ukraine war and the need to foster good bilateral relations.... 

Atlantic Lithium seeks concessions to salvage Ghana project

Australia-based miner Atlantic Lithium said it has appealed to Ghana's government for fiscal concessions to salvage its Ewoyaa project, as plummeting global prices threaten the viability of what... 

South Africa withdraws planned VAT hike after political pushback

South Africa will not increase its value-added tax (VAT) from May 1, the finance ministry said on Thursday, after the proposed hike faced opposition from political parties and caused friction... 

South African rand edges up after VAT increase withdrawn

The South African rand was marginally stronger in early trade on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to kick in... 

Premier African Minerals seeks lithium offtake deal with Glencore

Premier African Minerals is pursuing a lithium concentrate supply deal with commodities giant Glencore Plc, it said on Wednesday, as it seeks to clear debt from an inconclusive offtake agreement.... 

Ghana and Gold Fields reach transitional deal on Damang mine

Ghana and Gold Fields have reached an agreement on a transitional plan for Damang mine, the West African country's presidency said on Wednesday. Last week, Ghana assumed operational control of the... 

Mulino rules out mining contract law to resolve Cobre Panama dispute

Panama will not offer a new mining contract law to resolve the Cobre Panama dispute and is still undecided regarding the way forward for the future of the mine, Panama President Jose Raul Mulino... 

Newmont profit beats estimates as gold rally trumps weak output

The world's biggest gold miner Newmont beat Wall Street estimates for first-quarter profit on Wednesday as a rally in bullion prices helped offset lower production, sending its shares up 2% after... 

Aspen's shares plunge day after profit warning

Shares in South Africa's Aspen Pharmacare dropped more than 30% on Wednesday, a day after the company issued a profit warning over what it called a "material contractual dispute". Aspen alerted... 

Vedanta weighs US listing to raise $1bn for Zambian copper assets

Vedanta Resources, is considering a US public listing for its Zambian unit Konkola Copper Mines as one of its options to try to raise about $1-billion for mine development, three sources familiar... 

Peru's Antamina copper mine on lockdown after manager killed

Peruvian copper mine Antamina on Tuesday launched a full security shutdown after an operations manager was killed and another high-ranking employee was injured in an incident at a mining camp.... 

Fresnillo shares dive 10% as first-quarter silver output drops 9%

Shares in Mexico-focused miner Fresnillo slumped as much as 10% in early trade on Wednesday after the company reported about a 9% decline in first-quarter silver production, hurt partly by work... 

Chile moves forward with lithium projects in three salt flats

Chile's government said it is moving forward with a simplified process to award lithium contracts in three salt flats, the mining ministry said on Tuesday. The agency stated that it has accepted... 

JP Morgan see gold prices crossing $4 000/oz by Q2 2026

JP Morgan sees gold prices crossing the $4 000 per ounce milestone next year, following increased recession probabilities amid boosted US tariffs and an ongoing US-China trade war, the bank said in... 

Woodside weighs Trump tariff impact on $1.2bn Louisiana LNG project

Woodside Energy, Australia’s top gas producer, said on Wednesday it was assessing the impact of US tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches... 

Nornickel maintains 2025 nickel production forecast

Russia's Nornickel, one of the world's largest producers of nickel and the largest producer of palladium, on Monday maintained its nickel production outlook for 2025 at 204 000 to 211 000 metric... 

South African rand firms ahead of economic data

The South African rand firmed early on Tuesday, ahead of the release of a key economic indicator by the country's central bank. At 0636 GMT the rand traded at 18.70 against the dollar, roughly 0.3%... 

US investor Cameron offers $5bn for Kazakh mining giant, ERG says no sale talks

US businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5-billion, a letter he sent to its board showed, as the company prepares to participate in a major... 

China's export controls are curbing critical mineral shipments to the world

China's export controls on three metals important across the defence and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control... 

Trump to approve land swap for Rio Tinto copper mine opposed by Native Americans

The Trump administration has said it would approve a land swap needed for Rio Tinto and BHP to build one of the world's largest copper mines, despite concerns from Native Americans that it would... 

South Africa investors face global growth threat after choppy politics

Investors have flocked to South Africa's domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global... 

Trump supporter Prince reaches deal with Congo to help secure mineral wealth

Prominent Trump supporter Erik Prince has agreed to help Democratic Republic of Congo secure and tax its vast mineral wealth, according to two sources close to the private security executive, a... 

Congo tin miner Alphamin says production restarts after rebels withdraw

Alphamin Resources said it restarted tin production at its Bisie mine in eastern Democratic Republic of Congo on Tuesday after rebels withdrew from a nearby town of Walikale. The miner said in a... 

Enoch Godongwana says dropping VAT hike would have severe consequences

South Africa's finance minister has said that failing to raise the value-added tax rate from May would cause severe harm to state finances, court papers showed, after a stand-off over the proposal... 

Nigeria signs minerals pact with South Africa in diversification push

Nigeria and South Africa have signed an accord to boost cooperation in mining, Nigeria's mines minister said on Thursday, highlighting Abuja's push to diversify its economy away from oil. Mines... 

Peru copper output flat in February

A group of investors has called for a review of Australia's listing rules, claiming it was "unreasonable" that companies were allowed to issue a large amount of shares to fund their acquisitions... 

Sinomine targets 2026 production at Kitumba copper mine in Zambia

Sinomine Resource Group aims to start copper production in September 2026 at its Kitumba Copper Mine in the Mumbwa district of Zambia’s Central Province, according to a company WeChat post on...