South African markets rally as US-Iran ceasefire boosts risk appetite

South Africa's rand, government bonds and stocks surged on Wednesday, paring some of the losses amassed since the start of the Iran war after US President Donald Trump agreed to a two-week... 

Eramet says shareholders committed to capital increase

Eramet's main shareholders have reaffirmed their support for the mining group's funding plan and are committed to the success of a capital increase, a spokesperson said on Wednesday. The decision... 

Zimbabwe to introduce lithium export quotas, sets conditions for resumption of shipments

Zimbabwe will introduce lithium concentrate export quotas and require commitments for more local processing as part of conditions to allow the resumption of mineral exports, the mines ministry has... 

Australian state calls for faster approvals for new oilfield

Australia's Queensland state said on Wednesday it will urge the federal government to streamline environmental approvals for what it says could be Australia’s first new oilfield in decades, arguing... 

IATA warns replenishing jet fuel supplies could take months even if Hormuz reopened

The head of a body representing global airlines warned on Wednesday it would take months for jet fuel supply to recover even if Iran reopened the Strait of Hormuz, given disruptions to Middle East... 

South African assets rally in early deals as US-Iran ceasefire lifts risk appetite

South Africa's rand, government bonds and stocks surged on Wednesday, paring some losses amassed since the start of the Iran war after US President Donald Trump agreed to a two-week ceasefire, a... 

Oil dives below $100, stocks jump after two-week ceasefire agreed

Oil prices slid, stocks and bonds surged while the safe-haven dollar was knocked back on Wednesday, as a two-week Middle East ceasefire brought some relief to markets on hopes for a resumption of... 

Iron-ore falls as shipments jump, Trump agrees to two-week ceasefire

Iron-ore futures prices fell on Wednesday, as shipments of the key steelmaking ingredient from major suppliers surged and US President Donald Trump agreed to a two-week ceasefire with Iran. The... 

Australia PM Albanese criticises Trump's rhetoric while welcoming ceasefire

Australian Prime Minister Anthony Albanese on Wednesday welcomed a ceasefire in the Middle East struck between the US, Israel and Iran, while criticising the rhetoric of President Donald Trump.... 

Physical oil prices hit record highs near $150/bbl as Hormuz crisis worsens

European and Asian refiners are paying record high prices of near $150 a barrel for some crude oil grades, far exceeding prices for paper futures, highlighting the worsening supply crisis from the... 

Energy Transition Minerals faces likely licence renewal rejection for Greenland project

Greenland has informed Energy Transition Minerals of a potential rejection of its exploration licence renewal application for the Kvanefjeld rare earths project, the Australian miner said on... 

Nigeria's Dangote refinery boosts exports to ease Africa's supply crunch

Nigeria's Dangote refinery, Africa's largest, has increased exports of gasoline and urea to African countries hit by supply disruptions caused by the Iran war, its owner Aliko Dangote said on... 

South African rand weakens as Trump's Iran deadline keeps markets on edge

The South African rand was weaker in early trade on Tuesday, as investors remained cautious ahead of a deadline set by US President Donald Trump for Iran to reopen the Strait of Hormuz. At 0737 GMT... 

South Africa private sector returns to growth but Iran war clouds outlook, PMI shows

South Africa's private sector returned to growth in March as faster output and hiring outweighed a slump in export orders and business confidence linked to the US-Israeli war in Iran, a survey... 

Panama to authorise removal of material from First Quantum copper mine

Panama's government aims to finalize a resolution by Tuesday authorizing the removal of material from First Quantum Minerals' shuttered copper mine known as Cobre Panama, the country's Trade... 

Africa faces sharper growth slowdown if Middle East conflict drags on, report warns

African economies face the risk of a sharper growth slowdown this year if the war in the Middle East drags on, with prolonged disruption to trade, energy and fertiliser supplies threatening to... 

Ramaphosa appoints Makhubu as new head of Sars

South Africa's President Cyril Ramaphosa on Thursday appointed Ngobani Johnstone Makhubu as the new commissioner of the South African Revenue Service for a period of five years, effective May 1.... 

Stocks sink, oil leaps back towards $110 as Trump vows to keep hitting Iran

Oil prices surged and global equity and bond markets recoiled again on Thursday after US President Donald Trump dashed hopes of a swift resolution to the Middle East war. Brent crude jumped more... 

South African rand falls more than 1% as Trump vows more strikes on Iran

The South African rand fell more than 1% in early trade on Thursday, after US President Donald Trump vowed more aggressive strikes on Iran, spooking investors who had been betting on a fast... 

Iron-ore at three-week low as shrinking steel margins, slow demand weigh

Iron-ore futures prices slid to their lowest in nearly three weeks on Thursday, pressured by shrinking steel margins and faltering demand following the completion of pre-holiday restocking in top... 

China's aluminium exports now poised to grow as Iran war hits global supply

Chinese exporters of aluminium products are now expected to have a much better year as the Iran war tightens global supply and boosts margins, with some earlier forecasts for flat shipments revised... 

Citrus growers forecast another record year for exports

South African citrus exports could rise by as much as 5% this year after a record 2025, but the sector is wary of the impact of the Iran war on demand, fuel pricing and availability, a growers'... 

Coca-Cola plans to invest $1 billion in South Africa through 2030

Coca-Cola and its two authorized bottlers, Coca-Cola Beverages South Africa and Coca-Cola Peninsula Beverages, will invest R17.6-billion in South Africa through 2030, to support expanded production... 

Coal India's sales rise for first time in six months on gas crunch, summer demand

Coal India's sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the... 

South African rand edges up on hopes for de-escalation of Iran conflict

The South African rand was slightly stronger in early trade on Wednesday, as global markets rallied on hopes of a de-escalation in the Iran conflict. At 0635 GMT the rand traded at 16.85 against... 

Australia blocks Hong Kong investor's voting rights on Northern Minerals

Australian Treasurer Jim Chalmers has barred Hong Kong-based Ying Tak from voting or transferring 361.5-million shares in Northern Minerals, the Australian rare earths miner said on Wednesday. The... 

US firm Virtus Minerals buys Congolese cobalt producer Chemaf

US firm Virtus Minerals has acquired Congolese cobalt and copper producer Chemaf, US Under Secretary of State for Economic Affairs Jacob Helberg said on Tuesday. Congo has been seeking to develop a... 

Perpetua seeks $2.7bn Exim loan for Idaho gold/antimony project

Antimony and gold miner Perpetua Resources said on Tuesday it would notify Congress of a proposed $2.7-billion loan from the US Export-Import Bank to help finance the Stibnite gold project in... 

South Africa announces one-month fuel levy cut to limit pump price hikes

South Africa will reduce its fuel levy for one month to stop fuel prices rising even further in April, it said on Tuesday, after trade unions and business groups pressured the government to... 

Congo gives cobalt miners until end-April to use 2025 export quotas

Democratic Republic of Congo's mining regulator has said that miners must use all unfulfilled fourth-quarter 2025 export quotas by April 30, warning that any unused volumes after that will be... 

Coal India unit Central Mine Planning valued at $1.3bn in muted debut

Central Mine Planning & Design Institute a unit of state-run Coal India, made a tepid trading debut on Monday, pressured by broader market weakness tied to the month-long Middle East conflict and... 

African banks outpace global peers on returns as revenues top $100bn, McKinsey says

African banking revenues have topped $100-billion for the first time, with profitability well above the global average, McKinsey said, highlighting the sector's growing economic importance - and... 

South Africa considers lowering fuel levy due to Iran war, official says

South Africa's Finance Minister Enoch Godongwana is considering lowering the fuel levy to cushion the impact of the Iran war on domestic fuel prices, a senior government official told Reuters.... 

Gas majors warn Australia against taxing LNG windfall profits

Gas majors including Shell and Chevron warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid... 

Chevron says extensive cyclone damage keeps Wheatstone LNG offline

Chevron said on Tuesday that downstream assets at its Wheatstone liquefied natural gas plant in Western Australia suffered extensive cyclone damage, leaving both production trains offline. Danny... 

Iron-ore rangebound as surging fuel costs offset high portside China stocks

Iron-ore futures prices were stuck in a tight range on Monday, as investors assessed the cost impact of elevated energy prices and a pickup in steel demand in top consumer China against high... 

WTO talks end in deadlock after Brazil blocks deal on e-commerce duties

World Trade Organization talks ended deadlocked early on Monday as Brazil blocked a bid by the US and other countries to extend a moratorium on customs duties for electronic transmissions, dealing... 

US issues new Venezuela-related general licences for critical minerals

The US on Friday issued new, Venezuela-related general licenses for critical mineral investment and operations, according to the US Treasury Department. The licenses authorize "the supply of... 

Chevron says repairs to Wheatstone gas facility to take weeks

Chevron's Wheatstone liquefied natural gas facility in Western Australia is unlikely to resume full production for several weeks as it repairs damage caused by last week's tropical cyclone, the... 

LME aluminium nears four year peak after Iran attacks on Gulf smelters

Aluminium prices on the London Metal Exchange jumped 6% to close in on four-year highs on Monday after the Middle East's two largest producers of the metal sustained damage from Iranian attacks...