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... 

Santos signs gas supply agreement for Whyalla Steelworks

Australia's Santos said on Friday it has signed an agreement with the South Australian government to supply 20 petajoules (PJ) of gas annually over 10 years to help transform Whyalla Steelworks... 

A Sahara desert odyssey yields a major dinosaur discovery

It was not an easy task for a team of dinosaur-hunting scientists to reach the remote site called Jenguebi in northern Niger deep in the Sahara Desert. It was fitting that the closest locality was... 

Eramet plans capital increase, asset sales after dire year

French mining group Eramet will launch a €500-million capital increase and consider selling stakes in some activities in 2026 after a slump in earnings and a jump in debt last year, it said on... 

Congo offers tantalum deposit under M23 control to US in minerals pact, document shows

The Democratic Republic of Congo added the rebel-held Rubaya coltan mine, one of the world's richest tantalum deposits, to a shortlist of strategic assets it is offering to the US under a minerals... 

South African rand muted as markets await key US inflation data

The South African rand was muted in early trade on Thursday, as investors awaited key US inflation data that could influence the Federal Reserve's monetary policy path. At 0705 GMT the rand traded... 

Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow

Rio Tinto on Thursday reported flat annual earnings that missed expectations as weaker iron-ore prices weighed on its core business, while stronger copper prices and higher output helped limit the... 

Whitehaven Coal posts surprise first-half loss on weaker prices, shares fall

Australia's Whitehaven Coal posted a surprise first-half loss on Thursday, pressured by weaker realised prices that offset robust production across its major operations, sending its shares down... 

PLS to restart Western Australia plant, swings to first-half profit

Australian lithium miner PLS swung to a first‑half profit on Thursday and said it will restart production at its Ngungaju plant in Western Australia in July, restoring about 200 000 t of annual... 

South Africa consumer inflation falls to 3.5% y/y in January

South Africa's inflation rate eased slightly in January and economists expect it to remain subdued, keeping the door open for more interest rate cuts by the central bank. Headline consumer... 

Sumitomo's Madagascar project Ambatovy remains shut due to cyclone damage

Japan's Sumitomo Corp said on Wednesday that its Ambatovy nickel and cobalt project in Madagascar remains shut after Tropical Cyclone Gezani struck the island last week, causing damage to... 

South African rand flat ahead of local data

The South African rand was muted in early trade on Wednesday, as traders awaited inflation data, retail sales data and a business confidence index that will shed light on the country's economic... 

Alcoa forced to pay A$55m after illegally clearing Australian native forest

US aluminium company Alcoa will pay A$55-million to remediate native forest it illegally cleared in Western Australia in order to mine bauxite, Australia’s environment ministry said on Wednesday.... 

Santos to cut 10% jobs as growth projects near end, annual profit misses estimates

Australian oil and gas producer Santos reported a steeper-than-expected drop in annual profit on Wednesday, hurt by weak commodity prices, and said it would reduce its headcount by about 10% as... 

Dangote signs $400m equipment deal with China's XCMG to speed up refinery expansion

Nigeria's Dangote Group has signed a $400-million equipment deal with China's Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4-million barrels... 

Mexico and Canada plan joint action on minerals, infrastructure

Mexico and Canada will present a joint action plan on minerals, infrastructure, and supply chains in the second half of the year, Mexico's Economy Minister Marcelo Ebrard said on Monday after... 

Antofagasta profit jumps 52% on record copper prices

Chilean miner Antofagasta posted a 52% jump in annual core profit on Tuesday, as record copper prices offset slightly weaker output, and said its increased capital spending would support production... 

Trump's new ambassador Bozell arrives in South Africa amid strained ties

US President Donald Trump's pick for ambassador to South Africa, conservative activist and writer Leo Brent Bozell III, has arrived in the country where he will seek to improve fraught ties between... 

Zambia mine regulator lifts suspension of operations at Mopani's Mufulira mine

Zambia's mining regulator said on Monday that underground operations at Mopani Copper Mines' Mufulira mine could resume immediately, after new safety measures were implemented. The Minerals... 

Australian gas producer Santos wins court fight over net zero claims

An Australian court on Tuesday threw out a lawsuit against gas producer Santos that alleged the company misled the public on its plans to achieve net zero carbon emissions. The lawsuit was... 

Liberia sees iron-ore output tripling to 30Mt on ArcelorMittal expansion

Liberia expects iron-ore output to triple to around 30-million metric tons this year, driven by ArcelorMittal Liberia's (AML) planned ramp‑up and fresh volumes from new and revived projects, the... 

Vitol backs proposed $3bn LNG power plant for South Africa's Durban port

Global commodity trader Vitol is backing a consortium planning to build a $3-billion gas-fired power station and liquefied natural gas (LNG) import facility at South Africa's east coast Durban... 

Trafigura's Nyrstar ships first antimony batch from Australia plant

Trafigura unit Nyrstar has shipped its first consignment of commercial-grade antimony from its Port Pirie metals processing facility in South Australia, it said on Monday, a milestone in the... 

Japan's Sojitz to expand Australian rare earth imports as partner broadens product lineup

Sojitz will expand imports of Australian rare earth elements from Lynas Rare Earths, a spokesperson for the Japanese trading house said on Monday, as Tokyo seeks to reduce its dependence on China.... 

Copper miner Codelco sacks executives after El Teniente audit

Chilean state copper miner Codelco on Friday removed three senior executives linked to its El Teniente division, the site of a deadly collapse last year, after an internal audit found... 

Global copper exchange stocks top 1Mt for first time in two decades

Copper stocks on the world's three biggest metal exchanges have exceeded one-million metric tons for the first time in more than two decades, as an inventory build due to soft demand in China adds... 

Contract worker dies at Rio Tinto's Simandou iron-ore mine in Guinea

A contract worker died following an incident at Rio Tinto's SimFer mine, part of Guinea's Simandou iron-ore project, the world's largest producer of iron-ore said on Sunday without providing... 

Mali renews Barrick Mining's Loulo licence for 10 more years

Mali's government approved a draft decree renewing Barrick Mining's Loulo gold mining permit for an additional 10 years, the West African country's military leader said in a statement on Friday.... 

Zambia's mine regulator suspends operations at Mopani's Mufulira mine

Zambia's mining regulator on Friday said it had suspended operations at Mopani Copper Mines' Mufulira mine after it failed to account for all its underground personnel. The Minerals Regulation... 

Indonesia wants some coal miners to supply larger portion of output to domestic market

The Indonesian government will ask coal miners holding special contracts to supply a larger portion of their output domestically as they are expected to receive their full output quota requests,...