Steel industry sounds alarm over slow progress on green steel

Delays to green steel projects are growing and government support is far short of what is needed, jeopardising the industry's drive to cut emissions, steel associations warned at an annual meeting... 

Oil falls as supply starts moving through Strait of Hormuz

Oil prices fell on Friday on the prospect of more supply returning to the market after oil tankers began to move through the Strait of Hormuz following the signing of the US-Iran interim peace... 

Zimbabwe lithium miners ask for more time to build processing plants

Lithium miners in Zimbabwe have asked the government for more time to build processing facilities, ahead of a January 2027 ban on concentrate exports, an industry executive said on Thursday.... 

Mozambique's new mine ownership rules could deter foreign investment, industry body says

Mozambique's new law requiring the State to have a 15% stake in all mining ventures could deter foreign investment, an industry executive said on Thursday. The southern African country is among the... 

BHP shares head for worst day in months on Jansen project cost overruns

Shares of BHP Group slid on Friday after the world's largest listed miner flagged cost overruns at its Jansen Stage 2 potash project in Canada and disclosed a $2.3 billion charge. The... 

Zambia, US expand use of $491m grant programme to critical metals infrastructure

Zambia said on Thursday it had agreed with US agency Millennium Challenge Corporation to expand the use of a $491-million agriculture grant programme to support key critical minerals... 

Ganfeng and Lithium Argentina seek a third investor for lithium project

Chinese miner Ganfeng Lithium and its Swiss partner Lithium Argentina are seeking a third investor for the Pozuelos-Pastos Grandes lithium project in northern Argentina, the president of Lithium... 

China's coking coal imports set to rise as Shanxi mine disaster hits supply, traders say

China's imports of coking coal, a steelmaking ingredient, are set to rise further this year after a fatal mine accident reduced domestic supply, traders said. Chinese importers have turned to... 

Coal-rich Mongolia aims to boost China trade ties despite dependence risk

Mongolia hopes to boost trade by more than a tenth this year with China, the biggest destination for its exports of coal and minerals, setting a target that will further boost economic dependence... 

Congo miners seek delay to 5% worker equity rule before July deadline, sources say

Miners in the Democratic Republic of Congo are seeking a delay to a government directive requiring them to grant a 5% equity stake to Congolese employees, while unions are pushing for immediate... 

Zimbabwe's Mimosa revives $130m platinum project after price rebound

Zimbabwe's Mimosa platinum mine, jointly owned by Impala Platinum and Sibanye-Stillwater, is reviving its $130-million North Hill life-extension project after a rebound in metal prices, an... 

China exchange to open lithium futures to overseas traders from July 3

China's Guangzhou Futures Exchange said on Thursday that its lithium carbonate futures and options would be opened to overseas traders from July 3. The opening up of the lithium contract, which... 

China defends critical minerals export controls after G7 statement

BEIJING - China defended its export control measures on critical mineral supplies and urged the Group of Seven nations to respect market economy principles and international trading rules rather... 

Iron-ore industry sees a bright future, but green steel fades - Reuters

The most persistently bullish part of the commodities sector in recent years has been metals associated with the energy transition, such as copper, lithium and rare earth elements. Iron-ore miners... 

Hormuz reopening to release wave of oil supply, depress prices

Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the... 

China's copper smelters band together to strengthen hand in talks with miners

China's top copper producers are seeking to add new members to an industry price-setting group, four sources with knowledge of the matter said, in a bid to strengthen their position in negotiations... 

Canada's Keyera buys remaining 50% stake in KAPS pipeline for $861 million

Canada's Keyera Corporation said on Wednesday it has acquired the remaining 50% stake in the KAPS natural gas liquids pipeline from Stonepeak for C$1.215-billion ($860.97-million), taking full... 

Indonesia's energy minister says government working to secure coal supply for State utility

Indonesia's Energy and Mineral Resources Minister said on Thursday that the government is working to ensure that coal supplies to state power utility Perusahaan Listrik Negara (PLN) remain stable... 

Indonesia's PC Ketapang II launches construction on Bukit Panjang gas project

PC Ketapang II Ltd, a unit of the Searah joint venture between Italy's Eni and Malaysia's Petronas, has begun the physical construction work on its Bukit Panjang gas field in Indonesia, the company... 

Australia opens first carbon refinery, making new products from captured carbon dioxide

Australia’s first carbon refinery opened in New South Wales, capturing carbon dioxide (CO2) from explosives giant Orica's ammonia-making operations on Kooragang Island and turning it into products... 

Kenya, US close in on critical minerals deal, Ruto says

Kenya is close to sealing a critical minerals deal with the U.S. under which it would process its own resources domestically, its president said on the sidelines of the G7 summit on Thursday,... 

BHP readies $1.5 billion Chile power transmission line sale

Diversified miner BHP is gearing up to sell its power transmission lines in Chile as it refocuses toward copper mining in the country, newspaper Diario Financiero reported on Wednesday, citing... 

South African rand strengthens as US-Iran interim deal eases geopolitical tensions

The South African rand strengthened in early trade on Thursday after the United States and Iran released the text of an interim agreement signed by their presidents to end the war, easing... 

Australian explosives maker Orica flags Ebola, coal risks

Orica, the world's top supplier of commercial explosives, said on Wednesday it is facing a string of challenges around the world that could affect demand for its services, including Ebola and a... 

Labour unions urge workers to shun anti-migrant protests

South Africa's biggest labour unions on Wednesday urged workers not to participate in anti-immigrant protests that have seized the country, and said they could face consequences if they skip work... 

Protests at Rio Tinto’s Mongolia copper mine disrupt cargoes

A protest at Rio Tinto Group’s massive Oyu Tolgoi copper mine in Mongolia is threatening deliveries of concentrate, according to a social media post from the company’s local subsidiary. The... 

IEA sees significant 2027 oil surplus after Hormuz recovery

The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market... 

South African inflation rises less than expected in May

South African inflation rose by less than expected in May, which analysts said reduced the likelihood of another central bank interest rate hike next month. Headline consumer inflation quickened to... 

Australian unions end strike at Inpex Ichthys LNG as pay deal reached

Australian unions said on Wednesday that they have reached a deal with Japan's Inpex to end strikes at the Ichthys liquefied natural gas (LNG) onshore and offshore facilities. Australia's Offshore... 

G7 leaders tackle reliance on China for critical minerals

G7 host France is pushing partners to agree a statement on critical minerals on Wednesday that could include measures to help the West reduce its reliance on China and shield investors from... 

Australia's International Graphite forms JV with Alkeemia for Italy graphite hub

Australia's International Graphite said on Wednesday it had entered a joint venture (JV) agreement with chemical manufacturer Alkeemia to establish a graphite processing hub in Italy. The project... 

Peabody locks out workers at NSW coal washery, Australian union says

US coal producer Peabody Energy has locked out workers at its United Wambo Washery in New South Wales for two weeks, Australia's Mining and Energy Union (MEU) said on Wednesday, escalating a pay... 

De Beers CEO sees sale of diamond firm in 'weeks not months'

A sale of De Beers, Anglo American's diamond unit, has never been closer, its CEO said on Tuesday, adding that a deal could come within weeks. Anglo put De Beers - one of the world's leading... 

China mine disaster, Indonesia policy changes upend global coal market

A deadly mining accident in China's biggest coal-producing region and mounting policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could... 

Iron ore miners highlight India, ASEAN as they look for growth after China

Australia's iron-ore miners emphasised on Tuesday how growing steel demand in India and Southeast Asia would help offset the stagnating market in top customer China, where they also face pressure... 

Newmont names new CFO, COO as part of leadership overhaul

Newmont on Monday announced a string of executive appointments, including the naming of Brian Tabolt as its CFO, as the gold miner reshapes its top management under a newly appointed CEO. Tabolt,... 

TSX hits record high as US-Iran deal boosts gold miners

Canada's main stock index rose to a record high on Monday, led by metal mining shares, as investors globally cheered a preliminary agreement to end the war in the Middle East and reopen the Strait... 

Brazil's Vale plans to invest $2.6bn in decarbonization initiatives

Brazilian miner Vale plans to invest up to 13-billion reais ($2.56-billion) in decarbonization initiatives to meet its voluntary emissions reduction targets and mitigate climate-related risks, a... 

Oil hits 3-month low as US, Iran reach peace deal to reopen Strait of Hormuz

Oil prices slipped to a three-month low on Monday after US President Donald Trump and Iran's deputy foreign minister said they had reached an initial deal to end the war and to resume traffic... 

Xenophobic attacks are hurting South Africa's image abroad, says minister

A surge in attacks on foreign nationals in South Africa is damaging the country's global image and fuelling a backlash against businesses and artists, the justice minister has warned. Speaking at a...