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Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

By Reuters

Tiger Brands to sell Baby Wellbeing business, excluding Purity

20th November 2024

South Africa's biggest food producer Tiger Brands said on Wednesday it will sell its Baby Wellbeing business for R605-million, but will exclude its Purity brand, which it described as a core asset.... 


Chile lithium miner SQM reports net profit down 73% in Q3

Chile lithium miner SQM reports net profit down 73% in Q3

20th November 2024

Chile's SQM, the world's second-largest lithium producer, reported a 73% drop in third-quarter net profit on Wednesday, as higher sales volumes failed to offset a sharp decline in average sales... 


Chile's rare salt flat fish faces threat from lithium mining project

20th November 2024

At more than 3 700 m above sea level, the "karachi" swims happily in dense salt flat waters, but locals worry a future lithium project will endanger this extreme-environment fish. The Orestias... 


Consumers

South African inflation drops to lowest since June 2020

20th November 2024

South Africa's annual inflation rate slowed sharply to 2.8% in October, data showed on Wednesday, setting the stage for another interest rate cut by the central bank this week. Statistics South... 


Canadian regulator orders halt to Sunshine Oilsands operations

20th November 2024

A Canadian regulator has ordered Sunshine Oilsands to suspend its operations, including wells, facilities and pipelines,in northern Alberta's oil sands regiondue to continuous non-compliance with... 


Peru copper output edges down 1% in September

20th November 2024

Peru's copper production fell 1.2% in September compared to the same month last year to settle at 232 423 metric tons, data from the ministry of energy and mines showed on Tuesday. Peru is one of... 


President Cyril Ramaphosa

South Africa will focus G20 presidency on inclusive growth, food security

20th November 2024

South Africa will use its G20 presidency to focus on advancing inclusive economic growth, food security and artificial intelligence, President Cyril Ramaphosa said on Tuesday at a summit of the... 


Australia's Global Lithium delays AGM on foreign interference concerns

20th November 2024

Global Lithium will push back its annual shareholder meeting to February to allow time for the Australian government to review a potential breach by a shareholder of foreign acquisition laws.... 


An office block with the Sars logo

South African pension withdrawals since reform up to R35.1bn

19th November 2024

South Africa's tax service said on Tuesday that pension withdrawals in the 11 weeks since a reform took effect allowing people to make partial withdrawals before retirement had risen to... 


The MTN logo

MTN exploring partnerships with satellite-internet providers

18th November 2024

Africa's biggest mobile operator MTN is exploring partnerships with low-Earth-orbit (LEO) satellite providers to bring internet connection to rural and remote customers in particular, Group CEO... 


Terence Holohan

Resolute Mining agrees to pay $160m to Mali as CEO, employees remain detained

18th November 2024

Australia's Resolute Mining said on Monday that it would pay $160-million to Mali's government to help resolve a tax dispute after the West African country detained its CEO Terence Holohan and two... 


Police gathered at an illegal mining operation in Stillfontein

Families gather at South African mine shaft where hundreds are feared underground

15th November 2024

 Desperate family members of illegal miners believed to number in the hundreds waited outside a disused mine shaft in South Africa on Friday in the hope of their loved ones emerging from the hole... 


The Duvha power station in Mpumalanga

South Africa's revised carbon tax to be harsher but with more offsets, Treasury says

15th November 2024

South Africa's revised carbon tax aims to balance the rival demands of climate activists and polluters by lowering tax-free allowances while letting companies make greater use of offsets, the... 


France's Orano warns of financial problems at Niger uranium plant Somair

15th November 2024

French nuclear fuels company Orano warned on Friday of a "deteriorating financial situation" at its Somair uranium plant in Niger, whose board it said had sought a temporary halt on expenditures... 


South African Reserve Bank logo

South African Reserve Bank to cut rates 25bps to 7.75% on Nov 21 – Reuters poll

15th November 2024

The South African Reserve Bank will cut its repo rate next week as slowing inflation continues to make way for a series of cuts through the middle of next year, spurring growth to almost 2%, a... 


Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand

Copper price could fall to $8 500 as Trump win boosts dollar, threatens demand

15th November 2024

Copper prices could fall towards $8 500 a metric ton within the next four months on expectations that demand will be hurt by potential trade disruptions when Donald Trump returns to the White House... 


Donald Trump

Trump's transition team aims to kill Biden EV tax credit

15th November 2024

President-elect Donald Trump's transition team is planning to kill the $7 500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct... 


Australian PM Anthony Albanese

Australia eyes US climate policy shift for green energy boost

15th November 2024

Any move by the Trump administration to change US climate policy could benefit Australia's ambitions to attract greater investment to its critical minerals and green energy industry, Prime Minister... 


Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse

Brazil court clears Vale, BHP and Samarco of criminal charges in 2015 dam collapse

15th November 2024

A Brazilian federal court ruled miners Vale, BHP Group and their joint venture Samarco are not criminally liable for the deadly 2015 Fundao tailings dam collapse, according to a statement from the... 


Police in standoff with hundreds of illegal miners in disused shaft

14th November 2024

South African police were in a standoff on Thursday with hundreds of illegal miners believed to be underground in a disused shaft, a day after a cabinet minister said the government was trying to... 


Australia may lose A$69bn amid green steel rush, report says

Australia may lose A$69bn amid green steel rush, report says

14th November 2024

Top global iron-ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using... 


De Beers CEO Al Cook

De Beers CEO sees talks on new Botswana diamond pact concluding soon

14th November 2024

The CE of global diamonds giant De Beers, Al Cook, said that his company expected negotiations with Botswana's government over a new diamond sales pact to conclude soon. "We see negotiations... 


Gold Fields may sell smaller mines to focus on new Canadian Osisko assets

Gold Fields may sell smaller mines to focus on new Canadian Osisko assets

14th November 2024

Gold Fields may look for buyers for its smaller mines in Ghana and Peru to focus on bigger operations and is hoping to make new mineral discoveries at both mines to enhance their appeal, CEO Mike... 


China's copper smelters to cut output next year on raw material shortage

14th November 2024

Chinese copper smelters are likely to further cut production, shut down or extend maintenance to cope with a severe shortage of raw material or concentrate supply next year, participants at a... 


Miner K+S quarterly earnings hit by lower potash prices

14th November 2024

German potash and salt miner K+S published its third quarter results on Thursday that beat revenue and core profit expectations but were weaker than a year ago following a fall in potash prices.... 


BHP's Spence mine

BHP set to detail copper growth plans on Chile roadshow, analysts say

14th November 2024

BHP Group is likely to flesh out plans next week to spend at least $7-billion over the coming years to recover more metal from the world's biggest copper mine, Escondida in Chile, investors and... 


Rand Currency

South Africa's ratings seen stuck in 'junk' despite investor optimism

14th November 2024

South Africa will be unable to shed its "junk" credit rating for years to come, credit analysts said, despite investor optimism over the economic trajectory since the formation of a coalition... 


A stack of gold bars

IMF urged to cash in on gold price to help poor countries hit by climate change

13th November 2024

The International Monetary Fund (IMF) should sell 4% of its gold to help offer debt relief to low-income countries devastated by climate-related catastrophes, a study said as climate financing... 


Piedmont Lithium slashes more jobs under cost-cutting plan

Piedmont Lithium slashes more jobs under cost-cutting plan

13th November 2024

US miner Piedmont Lithium has nearly halved its total workforce after completing an additional 32% reduction in October as part of an ongoing cost-cutting plan, it said on Tuesday. The company... 


Employees at the Grosvenor coal mine

Anglo American coal bidders down to three, say sources

13th November 2024

The final bidders for Anglo American's Australian coal assets are down to Yancoal Australia, Stanmore Resources and Peabody Energy Corp, three sources with knowledge of the matter told Reuters. The... 


Suncor Energy beats Q3 profit estimates on higher production, raises dividend

13th November 2024

Canada's Suncor Energy raised its quarterly dividend on Tuesday after the integrated oil and gas firm beat estimates for third-quarter profit, as it benefited from higher oil production and demand... 


COP29 is being held in Azerbaijan this month

Global CO2 emissions to hit record high in 2024, report says

13th November 2024

Global carbon dioxide emissions, including those from burning fossil fuels, are set to hit a record high this year, pulling the world further off course from averting more destructive climate... 


Silver bars

Higher silver supply to reduce global deficit by 4% in 2024

13th November 2024

The global silver deficit is expected to fall by 4% to 182 million ounces in 2024, with growth of 2% in total supply offsetting demand growth of 1%, the Silver Institute industry association said... 


Australia-listed Vulcan Energy gets $106m funding from German ministry

12th November 2024

Australia's Vulcan Energy Resources said on Tuesday it had received 100-million euros ($106.42-million) in funding from the German economy ministry for its renewable energy plant in Landau,... 


India thermal coal imports fall at fastest pace in 15 months

12th November 2024

India's imports of thermal coal plunged by about a third on an annual basis in October, according to data analytics firms Bigmint and Kpler, due to slowing power generation and higher clean energy... 


Fresnillo says operational issues at Sabinas mine affecting silver production

12th November 2024

Precious metals miner Fresnillo said on Tuesday that the Sabinas mine, owned by Mexico's top silver miner Industrias Penoles, was experiencing operational difficulties, affecting silver... 


Chilean regulator charges Codelco smelter over emissions violation

Chilean regulator charges Codelco smelter over emissions violation

12th November 2024

Chile's environmental regulator has filed a charge against State-run miner Codelco over alleged emissions violations at its Potrerillos copper smelter in the Atacama region. The Superintendency of... 


Vodacom not looking for other M&A deals after blocked Maziv merger

11th November 2024

South Africa's biggest telecoms operator Vodacom said on Monday it will not look into other M&A deals after its proposed merger with fibre group Maziv was blocked by regulators last month. The... 


Kathleen Valley

Liontown Resources trims output plans for Kathleen Valley, flags cost cuts

11th November 2024

Australia's Liontown Resources trimmed its production plans for the flagship Kathleen Valley lithium project on Monday and flagged cost cuts to adapt to low metal prices, months after producing its... 


Australian iron-ore giants' shares sink on disappointing China stimulus

Australian iron-ore giants' shares sink on disappointing China stimulus

11th November 2024

Shares in Australia's iron-ore miners slumped on Monday after another round of stimulus measures by their top customer China disappointed investors who had hoped for measures that would boost... 


Resolute Mining CEO Terence Holohan

Resolute Mining slumps after Mali detains CEO, two other employees

11th November 2024

Shares of Australian gold miner Resolute Mining plunged 32% on Monday in their worst day in 16 years, after three of its employees including CEO Terence Holohan were detained by government... 


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