Equinix faces challenge to Cape Town data centres over environmental concerns

A plan by US-listed Equinix to build two data centres in Cape Town should not be approved without full disclosure of its water, power and environmental impact, a formal objection lodged with city... 

Dangote raises planned investment in Ethiopia fertiliser project to over $4bn

Nigerian-billionaire Aliko Dangote's group of companies has increased planned investment in a fertiliser plant in Ethiopia to more than $4-billion from $2.5-billion announced last year. Dangote... 

Oil touches two-week high after drone attack on UAE nuclear power plant

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 

China agrees to address US concerns over rare earth shortages, says White House

China will address US concerns about shortages of certain specialty rare earths caused by Beijing's export controls, the White House said on May 17 in a factsheet outlining the major deals agreed... 

India restricts most silver imports to cut import bill, support rupee

India has curbed imports of silver in nearly all forms with immediate effect, according to a government order issued on May 16, as the world's biggest consumer of the metal seeks to rein in... 

Anglo American to sell Australian coal mines for up to $3.8bn

Anglo American said on Monday it will sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88-billion, exiting the sector, cutting debt and streamlining assets ahead... 

Goldman says central bank gold-buying stronger than thought, to reaccelerate

Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said on Friday, after revising its model to account for gaps in... 

Foreign buyers fuel illegal mineral trade in Nigeria, watchdogs warn

LAGOS – Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint government-civil society report... 

Ghana lease uncertainties threaten mining investment, mines chamber says

Ghana's mining investment climate risks being undermined by lease revocations, renewal delays and policy uncertainty, adding to cost pressures for miners, the head of the industry group has said.... 

Billionaire Chris Ellison cuts stake in Australian miner MinRes, shares down

Mineral Resources founder and billionaire Chris Ellison sold shares worth A$122.5-million in the Australian miner earlier this week, an exchange filing showed on Friday, sending its shares tumbling... 

China still drags its feet on rare earths sometimes, says Greer

Rare earth exports from China to the US are improving although Beijing is still slow to approve some shipments, US Trade Representative Jamieson Greer said on Thursday. China still drags its feet... 

India discounts soar to record high on import duty hike; China premiums firm

Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India... 

Chile taps new chair for copper miner Codelco amid production, debt concerns

Chile's government on Thursday tapped Bernardo Fontaine to replace Maximo Pacheco as chairperson of the world's largest copper producer, State-run Codelco, giving the economist and executive a key... 

Blast in coal mine in eastern India kills one, injures 11

One person was killed and 11 others injured after an air blast at an Eastern Coalfields (ECL) mine in Asansol in West Bengal state, local police said on Thursday. Around 120 workers were present in... 

Gold discounts in India breach $200/oz record amid profit-taking

Gold discounts in India widened to a record of more than $200/oz on Wednesday, as a surge in prices after the import duty hike triggered investor selling in an already weak demand environment,... 

Miner Sherritt expects filings delay after external auditor and finance chief leave

Sherritt International said on Wednesday its external auditor has resigned and finance chief has left, adding that these developments would delay first-quarter financial filings and could trigger a... 

Chinese firms warn Indonesia's nickel quotas, tax hikes threaten investment

Chinese companies operating in Indonesia are urging more business-friendly policies, warning tighter nickel ore quotas, higher taxes and a new pricing formula are driving up costs and threatening... 

BHP's China Jimblebar ore stocks hit five-month low after ban removal

Portside inventories of BHP's Jimblebar fines, a type of iron ore, in China slid to a five-month low after Beijing ended a months long dispute with the global miner, but the drawdown has not... 

S&P says it is watching South Africa coalition, Middle East conflict risks for wider Africa

South Africa faces a double blow from domestic political uncertainty and external headwinds, S&P Global Ratings said, adding that it is monitoring whether the country's coalition government can... 

EGC, EVelution Energy and Trafigura agree MoU for US–DRC cobalt supply chain

Entreprise Générale du Cobalt (EGC), EVelution Energy and Trafigura on Wednesday announced a memorandum of understanding (MoU) to set up a long-term supply framework for Congolese cobalt hydroxide... 

Equinox Gold to acquire Orla Mining to create $18.5bn gold producer

Equinox Gold said on Wednesday it would acquire Orla Mining in an all-stock deal to create a North American gold producer worth about $18.5-billion. US-listed shares of Orla Mining rose 3.4% in... 

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 

India raises gold and silver tariffs to 15% to curb imports, support rupee

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the... 

Incoming BHP CEO to consider bolt-on acquisitions for growth

Incoming BHP CEO Brandon Craig will focus on securing growth options beyond 2035 by ramping up exploration, partnering with peers and making bolt-on acquisitions where they bring value, he said in... 

Trump, Xi to weigh rare earth truce extension, but China's curbs still bite

China and the US are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs data shows Beijing is still throttling shipments of the... 

Copper output from Chile's Codelco down 10% in March

SANTIAGO – Copper production from Chilean State-run miner Codelco fell 9.98% year-on-year in March to 110 900 metric tons, data from copper commission Cochilco showed on Tuesday. Production at... 

Africa CDC and Aspen Pharmacare aim to boost vaccine output in Africa

The African Union's public health agency and South African drugmaker Aspen Pharmacare are in talks on a long‑term framework aimed at boosting vaccine production on the continent, after the Covid‑19... 

EGA sticks to aluminium investment plans despite Iran war

LONDON – Emirates Global Aluminium is sticking with its investment plans to increase production and recycling of the metal despite the Iran war, the company's chief marketing officer said on... 

India, Russia in advanced talks on critical minerals pact, sources say

India and Russia are in advanced talks to sign a preliminary agreement on critical minerals covering exploration, processing and technological collaboration, two sources familiar with the matter... 

South Africa's official unemployment rate rises to 32.7% in first quarter

South Africa's official unemployment rate rose to 32.7% in the first quarter of 2026 from 31.4% in the fourth quarter of 2025, data from the statistics agency showed on Tuesday. Statistics South... 

CRU sees aluminium prices above $4 000/t due to Iran war

Aluminium prices are expected to be above $4 000 per metric ton between the third quarter of 2026 and the second quarter of 2027 due to a market deficit caused mainly by the Iran war, an analyst... 

Indian banks resume bullion imports after month-long halt over 3% levy, sources say

Indian banks have resumed gold and silver imports after a hiatus that stretched for more than a month by agreeing to pay a 3% customs levy that earlier prompted lenders to halt shipments, trade and... 

Australia's Fortescue ordered to pay $108m for damage to Indigenous group's land

An Australian court on Tuesday ordered miner Fortescue to pay A$150-million ($108-million) in compensation to an Indigenous group for cultural loss caused by iron ore mining on their land without... 

Freeport says Grasberg recovery not delayed until 2028, stands by 2027 forecast

Freeport-McMoRan said on Monday that it still expects Indonesia's Grasberg copper and gold mine to resume full production by the end of 2027, reiterating a plan outlined last month and pushing back... 

Brazilian inspectors fine Sigma Lithium for using banned waste pile

Brazilian labour inspectors have fined Sigma Lithium for depositing waste in a pile that they had shut down because it posed a "grave and imminent" risk to workers and the local community, the... 

SARB appoints Makrelov as new chief economist and MPC member

The South African Reserve Bank said on Monday that Konstantin Makrelov had been appointed as its new chief economist, replacing Christopher Loewald who took early retirement in March. Makrelov will... 

Woodside Energy's delayed Browse LNG project expected to cost $35bn

Woodside Energy's long-delayed Browse liquefied natural gas project is now expected to cost A$48.7-billion ($35.2-billion), according to a new report commissioned by the company. The proposal to... 

China's second-quarter refined copper imports set to rise on demand pull

China's imports of refined copper are set to rise in the second quarter of this year, driven by strong demand and potentially lower domestic output because of smelter maintenance, analysts and... 

Indonesia delays plan to impose higher royalties, export duties on minerals

Indonesia has delayed plans to extract more revenue from the mining sector until it can figure out an "ideal formulation" that benefits both the government and mining firms, the country's mining... 

Deals and new partnerships on the menu at Africa-France summit

French President Emmanuel Macron and more than 30 African leaders kicked off a summit in Kenya on Monday aimed at diversifying Paris' partnerships on the continent and clinching new investment...