Peru authorises Barrick to explore mining at southern border

Peru's government has authorised miner Barrick Gold to carry out mining explorations in the country's southern border area, the prime minister announced on Wednesday. Peru's constitution requires... 

London gold body reviews purity concerns about Indonesian state miner

The London Bullion Market Association (LBMA) said it is reviewing allegations involving Indonesian state miner Aneka Tambang (Antam) over the purity of its gold products. Indonesia's Attorney... 

Antofagasta signs $1.5bn investment deal for water transport system in Chile mine

London-listed Antofagasta on Wednesday signed a $1.5-billion investment deal to improve water supply at its Chile mining operations. The deal, signed with a firm owned by Madrid-based Almar Water... 

Chilean regulator aims for quick decision on Tianqi-SQM dispute

Chile's financial regulator said on Wednesday it is aiming to respond as quickly as possible to a complaint from China's Tianqi Lithium over a planned lithium partnership between miner SQM and... 

South African drug regulator finds no traces of toxic substance in children's cough syrup

The South African Health Products Regulatory Authority on Wednesday released the results of its investigation into two recalled batches of Benylin Paediatric children's cough syrup, saying that it... 

South Africa business activity grows again in May, PMI shows

South African private sector activity grew in May as new order volumes stabilised and business confidence improved, a survey showed on Wednesday. The S&P Global South Africa Purchasing Managers'... 

South Korea, African countries sign agreements on minerals, exports

Nearly 50 deals and agreements have been signed during South Korea's first summit with leaders from 48 African countries to cooperate in areas such as mining, energy and manufacturing, South... 

Gold purchases by central banks were strong in April despite high prices, WGC says

Net purchases of gold by global central banks rose to 33 metric tons in April from a revised net buying of 3 tons in March, the World Gold Council (WGC) said, signalling continuing strong appetite... 

Carbon removal needs to quadruple to meet climate goals, researchers say

Governments need to plant more trees and deploy technologies that will quadruple the amount of carbon dioxide removed each year from the atmosphere in order to meet global climate goals, a team of... 

Occidental Petroleum, Berkshire Hathaway form JV to extract lithium

Occidental Petroleum said on Tuesday it had entered into a joint venture with Berkshire Hathaway's energy unit to extract lithium. The energy producer said it would use its technology to extract... 

Indonesia imposes 7.5% export tax on copper concentrate shipments

Indonesia will impose a 7.5% export tax on shipments of copper concentrate, effective immediately, a finance ministry regulation showed on Tuesday, applicable to the two mining firms currently... 

Volvo to issue world's first EV battery passport ahead of EU rules

Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to... 

South Africa's fiscal stance to stay balanced under coalition, Treasury says

South Africa's National Treasury intends to stick to a balanced fiscal stance under a coalition government, its director-general said on Tuesday, after the African National Congress (ANC) lost its... 

US imposes $2.5m in penalties on SAA, other airlines over delayed Covid refunds

The US Transportation Department (USDOT) said on Monday it has imposed $2.5-million in civil penalties in total against Lufthansa, Air France unit KLM Royal Dutch Airways and South African Airways... 

Freeport Indonesia raises output target, awaits new export permit

Copper miner Freeport Indonesia has raised its output guidance for the year as it awaits an extension of its copper concentrate export permit that the government has promised, the company's deputy... 

South Korea's Yoon hosts Africa summit to tap minerals, vast export market

Africa's rich mineral resources and its potential as a vast export market are at the top of South Korea's agenda as it hosts a summit with the leaders of 48 nations this week with plans for aid on... 

OPEC+ extends deep oil production cuts into 2025

OPEC+ agreed on Sunday to extend most of its deep oil output cuts well into 2025 as the group seeks to shore up the market amid tepid demand growth, high interest rates and rising rival US... 

Tianqi weighs bid to protect interests in Chile's SQM-Codelco lithium deal

China's Tianqi Lithium, a major shareholder in Chile's SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco. Friday's pact, while... 

Australia orders Chinese investors to sell down stake in rare earths miner

Australian Treasurer Jim Chalmers has ordered several China-linked investors to dispose of shares in rare earths miner Northern Minerals on national interest grounds, a spokesperson said on... 

Codelco and SQM announce final lithium agreement

Chile's State copper producer Codelco and lithium company SQM have agreed to a final deal to create a joint venture for lithium production in the Salar de Atacama, both companies said in statements... 

Indonesia to issue copper export permits for Freeport, Amman

ndonesia will issue copper concentrate export permits for miner Freeport Indonesia and Amman Mineral Internasional, a trade ministry official said on Friday, ensuring that exports by both companies... 

Queensland outlaws carbon storage in Australia's biggest aquifer

Australia's Queensland state will ban carbon capture and storage in a giant aquifer that spans much of its territory, the state government said on Friday, after an outcry from farmers who said such... 

Chile's ENAMI aims to break ground on first lithium project by 2028

Chile's State mining firm ENAMI aims to start construction on its first lithium project in the country as soon as 2027 or 2028, company chief Ivan Mlynarz told Reuters, part of the government's... 

Nigeria secures $500m World Bank loan for electricity sector

Nigeria has secured a $500-million World Bank loan for its electricity sector to boost power distribution, after last month's hike in tariffs for top consumers in Africa's most populous nation. The... 

Anglo starts formal divestment of coal, nickel after rebuffing BHP, CEO says

Anglo American is starting a formal process to sell its coal assets and explore options for its nickel operations after fending off a takeover threat from bigger rival BHP Group, CEO Duncan Wanblad... 

How a rattled South Africa became Anglo's best defence against BHP bid

Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo's local platinum and iron ore assets... 

UK politicians urge Anglo to rethink fertiliser project halt

UK politicians are calling on Anglo American AAL.L to rethink halting its work at the Woodsmith fertiliser project in northern England, part of an asset overhaul Anglo announced after rejecting... 

Southern African States make fresh pitch to trade $1bn ivory stockpile

Southern African countries hosting the largest elephant populations in the world made a fresh pitch on Wednesday to be allowed to sell their $1 billion ivory stockpiles, amid calls to pull out of... 

Investors relieved BHP walked from Anglo takeover deal

nvestors welcomed BHP Group's decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six... 

China 2024 rare earths quota growth set to slow amid supply glut

Rare earth quotas in China, which the world's top producer uses to control supply, are set to rise at a much slower rate this year amid a supply glut, industry participants said on Wednesday. Rare... 

Botswana flags synthetic gem threat ahead of $6bn diamond project launch

Botswana’s President Mokgweetsi Masisi on Wednesday called synthetic gems a threat to the country's economic lifeblood, as the government readies to launch a $6-billion project to extend the life... 

BHP walks away from $49bn pursuit of mining rival Anglo

Mining group BHP Group on Wednesday walked away from its $49-billion plan to take over rival Anglo American, which rejected a last-ditch request for more time, ending for now its six-week pursuit.... 

Botswana wants quick separation of De Beers from Anglo, President says

Botswana is hoping for a quick separation of De Beers from the Anglo American group before the UK-listed diversified mining giant is exposed to a possible hostile takeover, President Mokgweetsi... 

BHP seeks extension as crunch time for $49bn Anglo bid approaches

BHP Group on Wednesday asked for more time to try to win over takeover target Anglo American, hours before a deadline for the world's biggest miner to firm up its $49-billion offer for its smaller... 

Indonesia buying record amounts of Philippine nickel ore due to quota delays, sources say

Top nickel producer Indonesia has bought record volumes of nickel ore from the Philippines since April as smelter demand increases, while delays by Jakarta in issuing mining quotas and heavy rains... 

DR Congo names new government after months of delay

Democratic Republic of Congo has appointed a new government, spokesperson Tina Salama said in the early hours of Wednesday, ending an impasse that has mired the country in political uncertainty for... 

BHP, Anglo dig in even as takeover talks deadline nears, sources say

BHP was struggling to find common ground with Anglo American on Tuesday in talks over its takeover offer, with no new concessions as a deadline nears for the world's biggest miner to submit a... 

Nigeria's Dangote refinery plans London and Lagos listings by end 2024

Nigeria's Dangote refinery is aiming for a dual listing on the London and Lagos bourses by the end of this year, a senior executive said on Tuesday. "We have listed all our businesses," Devakumar... 

Rand strengthens on eve of national election

The South African rand strengthened a day before a national election on Wednesday which could see the ruling party lose its majority for the first time in 30 years. At 1605 GMT, the rand traded at... 

Bird flu vaccines for laying hens prove effective in practice

Bird flu vaccines for laying hens are effective in practice, the Dutch government said on Tuesday, while confirming plans to vaccinate poultry against the virus that ravaged flocks around the world...