Toyota expects $4.3bn hit from Iran war fallout

Toyota expects the fallout from the Iran war to cost it around $4.3-billion this financial year, the world's largest automaker said on Friday, in one of the biggest warnings yet on the impact of... 

US copper imports this year unlikely to beat 2025 record, analysts say

Refined copper imports into the US this year are not likely to surpass the record shipments of 2025, curbed by already swelling stockpiles and a spike in logistics costs from the Iran war, analysts... 

Argentina mining chamber urges extension to investment incentives

Argentina’s flagship investment incentive scheme for large projects should be extended beyond its current 2027 deadline, the head of the country’s main mining chamber said Thursday, arguing the... 

US and South Africa hold talks on mining deals, FT reports

The US and South Africa have started preliminary discussions over potential resources deals including bilateral investments in mining, energy and infrastructure, the Financial Times reported on... 

Oil prices jump on renewed US-Iran hostilities

Oil prices rose about 1% on Friday after renewed fighting broke out between the US and Iran, threatening a shaky ceasefire and dashing hopes for progress on a reopening of the Strait of Hormuz, a... 

African countries warn citizens of xenophobic attacks in South Africa

African countries including Kenya, Malawi, Lesotho and Zimbabwe have warned migrants in South Africa to be cautious and remain indoors due to attacks targeting foreigners, and Ghana has lobbied the... 

Moody's sees South Africa debt stabilising as reforms boost outlook

South Africa's improving fiscal performance and reform momentum should help government debt stabilise this year before gradually declining, Moody's Ratings said in a report dated Wednesday. Moody's... 

Argentina sees lithium and copper exports at $32.7bn in ten years

Argentina expects to export $12.1-billion worth of lithium and $20.6-billion worth of copper in ten years, up from $6-billion in mining exports last year, the South American country's mining... 

BHP can't appeal UK judgment over 2015 Brazil dam collapse

BHP cannot appeal against a UK ruling that it is liable for the 2015 collapse of a dam in southeastern Brazil, London's Court of Appeal ruled on Wednesday. In November, London's High Court ruled... 

Jesuits in Britain consider divesting from Rio Tinto over environmental concerns

The Jesuits in Britain, a Catholic religious order, may sell its stake in Rio Tinto following unsuccessful engagement with the mining giant over environmental concerns in Madagascar and Guinea, its... 

EU energy ministers to discuss domestic gas drilling, document says

European Union countries' energy ministers will take the unusual step of discussing domestic natural gas production next week, as governments seek ways to limit the economic impact of the Iran war,... 

Acid shortage dominates copper economics concerns as fees tumble

As copper smelters, miners and traders gather in Hong Kong for LME Week Asia, sulphuric acid prices are shaping talks over how low copper concentrate processing fees can go. Soaring prices for the... 

Australia commits $7 billion to boost fuel stockpiles, create government reserve

Australia will spend A$10-billion ($7.22-billion) to boost its national fuel stockpiles and establish a permanent government-owned fuel reserve, Prime Minister Anthony Albanese said on Wednesday.... 

BHP CFO says new investors buying in on copper exposure, AI demand

BHP CFO Vandita Pant said on Wednesday that a new and broader set of investors were buying into the company as AI demand makes its exposure to copper more valuable. Shares in BHP, the world's... 

Lynas CEO says US, Europe rules sway buyers from Chinese rare earths

New government regulations in the US and Europe are helping to push customers to buy rare earth products from suppliers outside China, Australia's Lynas Rare Earths CEO Amanda Lacaze said on... 

Trafigura among three bidders for minority stake in South Africa's Natref oil refinery, sources say

Global commodities trader Trafigura is among three companies vying for a 36.36% stake in South African petrochemical company Sasol’s Natref refinery, two sources with knowledge of the matter told... 

Iran war gives small boost to thermal coal, further gains possible - columnist

Seaborne thermal coal prices in Asia rallied in the wake of the US and Israeli war against Iran, but the gains are modest and nowhere near the size seen during the crisis created by Russia's... 

Goldman says global oil stocks approaching eight-year low, depletion speed a concern

Global oil stocks are approaching their lowest level in eight years, Goldman Sachs said on Monday, warning that the speed of depletion was becoming a concern as supplies through the Strait of... 

Australia, Japan strengthen critical minerals ties

Australia and Japan have beefed up their cooperation around critical minerals amid a State visit by Japan's prime minister, with the countries providing A$1.67-billion, or $1.20 billion, in support... 

Local elections set for November 4 – Ramaphosa

South Africa will hold its next municipal elections on November 4, President Cyril Ramaphosa said in a post on X. The country holds municipal elections roughly every five years, and South Africans... 

Coal India beats quarterly profit estimates, country's power demand surges

State-owned miner Coal India reported a larger-than-expected quarterly profits on April 27, driven by higher prices and a pickup in demand from customers ahead of peak summer season, as a gas... 

Yancoal-run Premier Coal mulls scaling back mining operations, warns of job cuts

Premier Coal, operated by Yancoal Australia, said on April 22 it was considering scaling back operations at its Western Australia coal mine, a move that could lead to job cuts soon, citing... 

Glencore copper output grows 19% in Q1

Glencore's first‑quarter copper production rose 19%, benefiting from improved ore grades in Africa, while its marketing division remains on track to exceed the top end of its annual earnings... 

Brent oil rises 7% on report US considering military options to break Iran deadlock

Brent oil prices rose as much as 7% on Thursday on a report the US is considering potential military action against Iran to break the deadlock in negotiations to end the war, increasing concerns of... 

MinRes shares surge to near two-year peak on output forecast hike

Australian miner Mineral Resources (MinRes) raised its full-year production forecast on Thursday and said costs for its Onslow iron-ore project were expected to trend towards the lower end of... 

Mugabe's son given fine and to be deported from South Africa

A South African court on Wednesday ordered the youngest son of Zimbabwe's former president Robert Mugabe to pay a large fine and said he would be deported for pointing a toy gun at someone and... 

Ghana seeks majority private investor for new national carrier

Ghana said late Tuesday it was working to identify an investor for a new national airline, inviting "potential strategic partners" to engage with the West African country, which has not had a... 

UPM, Sappi paper joint venture may lead to price hikes, EU regulators warn

A proposed paper joint venture between Finnish forestry group UPM-Kymmene and South African-listed wood fibre producer Sappi may reduce competition and lead to price hikes, EU antitrust regulators... 

South Africa film sets ditch diesel in green energy shift

Solar panels are replacing diesel generators on some major film sets in South Africa, as streaming giants come under growing pressure to clean up one of the film industry's dirtiest habits - its... 

Grupo Mexico posts Q1 profit surge to $1.7bn

Mining and transportation conglomerate Grupo Mexico on Tuesday reported a 57% profit jump in the first quarter from the same period the previous year, helped by an increase in silver and zinc... 

Vale posts 36% rise in Q1 profit on more sales, higher prices

Vale, one of the world's largest iron-ore producers, on April 28 posted a 36% increase in its first-quarter net profit as it boosted sales volumes and benefited from higher prices for its products,... 

South African rand slips ahead of Fed decision amid Iran war uncertainty

The South African rand weakened in early trade on Wednesday as investors waited for the US Federal Reserve’s interest rate decision later in the day, watching for clues on the economic fallout from... 

Australia offers first gas exploration permits in a decade

Australia’s New South Wales opened its first new areas for gas exploration in a decade on April 29, slashing application fees from A$50 000, or $35 815, to A$1 000 in a bid to revive a domestic... 

Gold miners set to stay in Mali despite attacks, industry sources say

International mining companies are likely to keep investing in Mali, one of Africa's most resource-rich countries, even though attacks on Saturday that killed the defence minister have increased... 

Egypt aiming for massive expansion in solar power capacity over next decade

Egypt was opting big time for solar photovoltaic (PV) energy, to both expand and diversify its energy matrix, UK-based data analysis and intelligence company GlobalData has highlighted, in its most... 

China's Huayou reports first lithium salt exports from Zimbabwe

Zhejiang Huayou Cobalt has shipped Africa's first consignment of lithium sulphate from its Zimbabwe mine, two months after the country halted exports of lithium concentrates, alleging malpractice... 

China's State iron-ore buyer allows purchases of previously banned BHP portside cargoes, sources say

China's State iron-ore buyer has lifted its ban on purchases of certain BHP ore products that had piled up at ports, four sources with knowledge of the matter said on April 28. BHP Group, the... 

Ecuador signs $1.7bn mining deal with China's CMOC Group

The government of Ecuador has signed a mining contract with the local subsidiary of China's CMOC Group for the Los Cangrejos gold and copper project, Ecuador's energy ministry said on April 27,... 

Australia's Whitehaven Coal posts quarterly output rise, sees higher coal prices

Whitehaven Coal met market expectations for third-quarter production as reported on April 28, helped by its New South Wales open-cut mines, and forecast higher long-term prices for both... 

Congo launches $100m US-backed mining guard to secure sites

KINSHASA – Democratic Republic of Congo’s mines inspectorate said on Monday it had created a paramilitary mining guard to secure mining sites and mineral supply chains, as the world’s top cobalt...