IEA says substantial emergency oil stocks remain after record release

The International Energy Agency's (IEA) member countries still hold substantial emergency oil stocks in reserve despite the largest coordinated release of strategic reserves on record, it said on... 

AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says

Artificial intelligence could boost Sub-Saharan Africa's economy by about 4% over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund... 

Boliden lags Q2 forecasts as mine disruption, smelter ramp-up delay weigh

Swedish miner Boliden reported a weaker-than-expected quarterly adjusted operating profit, sending its shares 3% lower on Tuesday, hit by higher costs, disruption at its Garpenberg mine (Sweden)... 

ADNOC greenlights $6.2bn Umm Shaif Gas Cap project

Abu Dhabi's State energy company Abu Dhabi National Oil Company (ADNOC) has taken a $6.2-billion final investment decision (FID) to develop the Umm Shaif Gas Cap, in an acceleration of its... 

China lithium prices hit five-month low on expectations of oversupply in 2027

China's lithium futures prices sank to a five-month low on Tuesday on expectations of oversupply of the electric vehicle battery metal in 2027, even as near-term demand remained strong, according... 

China's world-leading renewable megabases rely on coal-heavy transmission, report finds

China is building more large-scale wind and solar than the rest of the world combined, but inadequate transmission links and a continued reliance on coal-fired power are limiting its use, according... 

Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and... 

Trump says he signed proclamation to adjust tariffs on aluminum imports

President Donald Trump said on Monday he signed a proclamation to adjust tariffs on imports of aluminum into the US, adding the domestic production of primary aluminum in the US was currently... 

China's steel sector looks weaker than it is, reverse for iron-ore - Reuters

China's steel sector presents something of a dilemma in trying to work out if it is soft and likely to continue to weaken, or whether it is actually performing quite strongly given the subdued... 

BHP resumes negotiations with Port Hedland iron-ore unions

BHP and unions representing workers at Western Australia's Port Hedland, the world's largest iron-ore export hub, edged closer to a deal on Tuesday, though talks ended without an agreement and will... 

Biggest independent European oil, gas producer to emerge from Vaar Energi, BlueNord deal

Norway's Vaar Energi said on Tuesday it will buy smaller Oslo-listed rival BlueNord to form Europe's largest independent oil and gas producer in a deal worth around $1.33-billion that sent shares... 

Eramet signs MoU with Gabon on manganese ore processing

Eramet and its Gabonese subsidiary Eramet Comilog signed a memorandum of understanding (MoU) on Monday with the Gabonese government, targeting a road map to enable the processing of up to 700... 

Zinc expected to retreat in 2026 as weak demand offsets supply fears

Zinc prices are expected to retreat from recent highs over the rest of the year as lacklustre demand offsets supply disruptions, analysts say. The metal used to galvanise steel is up more than 13%... 

Magnolia Oil & Gas to buy WildFire Energy in $4bn deal

Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06-billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes... 

China’s sulphuric acid exports all but vanish in June, plunging 99%

China’s sulphuric acid exports plunged more than 99% in June following a move to halt overseas shipments, leaving Chile and Indonesia, its two biggest buyers last year, without any cargoes, customs... 

USA Rare Earth CEO Humpton to retire, Serra Verde's Moraitis to succeed

USA Rare Earth said on Monday that Barbara Humpton will retire as CEO and board director effective October 1, with Serra Verde CEO Thras Moraitis set to succeed her. Brazilian rare earths miner... 

India says coal power plants have adequate stocks despite rising demand

India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and... 

Iran to restore 100-million cubic metres of lost gas output in coming months, official says

Iran expects to restore around 100-million cubic metres a day of natural gas production capacity within the coming months, a senior government official said on Monday according to the oil... 

New Zealand gas exploration interest picks up after years in doldrums

Seven oil and gas players are racing to secure offshore exploration rights in New Zealand ahead of a national election that could lead to a ban on new permits, as the country's major parties battle... 

Forget crude, war pushes refiners to the brink - Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 

Irving Oil's refinery in New Brunswick to begin fall turnaround in September

Irving Oil's 320 000-barrel-a-day refinery in Saint John, New Brunswick, will begin a two-month turnaround in September, the company said on Friday. The fall turnaround project, is expected to... 

South32 Q4 copper output declines, missing market estimates

Australian diversified miner South32 reported lower fourth-quarter copper production on Monday, missing market estimates, as impacts from inclement weather continued to hamper mining operations at... 

Australia's EQ Resources surges as billionaire Andrew Forrest takes 16.8% stake

Shares of EQ Resources jumped more than 34% on Monday after the tungsten producer said Australian mining billionaire Andrew Forrest would acquire a 16.8% stake in the company. Wonongarra, an... 

Botswana says Anglo picks De Beers buyer, weighs options for 'optimal structure'

Anglo American has chosen a preferred buyer for its stake in diamond producer De Beers, with Botswana weighing whether to exercise its right of first refusal either on its own, with Anglo's chosen... 

Zimbabwe's sole lithium salt plant unable to process third-party metal, official says

Zimbabwe's sole lithium sulphate plant, owned by China's Zhejiang Huayou Cobalt, currently has no capacity to process minerals from other producers, an official said on Friday ahead of a... 

LNG exports set to add $1.4trn to US GDP through 2040, S&P Global Energy says

Liquefied natural gas (LNG) is poised to become the US' second-largest net export industry within five years, adding nearly $1.4-trillion to its GDPthrough 2040, according to an S&P Global Energy... 

US imposes new 25% tariffs on Brazil, expands exemptions list

The US will hit Brazil with new 25% duties on its furniture, ethanol, machinery, footwear, sugar and other goods such as pig iron and mining equipment, launching a new wave of tariffs that could... 

Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says

If the US and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency (IEA) executive director Fatih Birol said... 

China disapproves of British Steel nationalisation decision by UK

China said on Friday it firmly opposes and strongly disapproves of Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms there. Britain nationalised British... 

Electricians at BHP's key Australian iron-ore hub vote for work stoppages

Electricians maintaining diversified miner BHP's high-voltage power network in Western Australia's Pilbara region have overwhelmingly backed strike action, the Electrical Trades Union (ETU) said on... 

Zijin starts Congo lithium exports to China, sources say

China's Zijin has started exporting lithium concentrate from its Manono project in Democratic Republic of Congo, five sources familiar with the matter have told Reuters. "Exports started in June as... 

Australian shares end flat; BHP copper output cut, work-stoppage dents miners

Australian shares ended flat on Thursday, as banks steadied the benchmark against a BHP-led mining selloff that wiped out most of the sector's recent gains, after the global miner cut its copper... 

Pakistan pledges more security for China-run copper and gold mine after insurgency warning

Pakistan has pledged extra security for its largest operating Chinese-run copper and gold mine after the operator warned that worsening militant violence could force it to halt production within a... 

Codelco sees lithium project in Chile's Maricunga salt flat feasible in eight more years

Chile's Codelco expects its lithium project in the Maricunga salt flat to become a reality in eight years, chairperson Bernardo Fontaine said on Wednesday. The Maricunga lithium project is managed... 

Chile's Codelco expects flat copper output in coming years, chairperson says

Chile's State-run copper miner Codelco expects production in the coming years to stay similar to current levels, chairperson Bernardo Fontaine said on Wednesday, when asked if the company was on... 

Congo Ebola outbreak disrupts US-backed minerals talks, sources say

A worsening Ebola outbreak in the Democratic Republic of Congo (DRC) is disrupting travel and delaying meetings tied to a US-backed critical minerals partnership aimed at loosening China's hold on... 

Fujimori's mining push could spur unrest in Peru, study says

Peru's President-elect Keiko Fujimori could face new protests in mining areas as her government tries to spearhead large copper and other mining projects that have been delayed for years, according... 

Ghana approves revised mining law to strengthen oversight

Ghana's cabinet has approved amendments to its mining law for submission to parliament, Mines Minister Emmanuel Armah-Kofi Buah said on Wednesday, as part of government efforts to increase... 

Trafigura backs out of Angola transmission line project sources say

Trafigura has walked away from a proposed 2 000 MW transmission line that would have carried surplus hydropower from Angola to copper and cobalt mines in the Democratic Republic of Congo and... 

Australia's Kinetiko seeks fast-track route to South Africa gas production

Australian company Kinetiko is taking a two-step permitting process to accelerate gas production at its South African Brakfontein project ahead of a looming national gas shortage, the company's...