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... 

US deep-sea mineral processing plant planned by Glomar, Australia's Cobalt Blue

Deep-sea mining firm Glomar Minerals and Australia's Cobalt Blue Holdings said on Monday they plan to build a US refinery to process critical minerals extracted from the bottom of the Pacific Ocean... 

Codelco logs $4.85bn pre-tax profit in 'very difficult' 2025

Chilean state-owned Codelco, the world's largest copper producer, on Friday reported a pre-tax profit of $4.85-billion in 2025. The company, which remits all its profits to the government,... 

Russia may auction off seized stake in gold producer UGC next month

A stake in Russian gold producer Uzhuralzoloto (UGC) that was seized by the state last year could be sold at auction next month, federal property management agency Rosimushchestvo said on Friday.... 

Chile's government sacks head of State miner ENAMI

The Chilean government said on Thursday that it had removed the head of state miner Enami, Ivan Mlynarz. The company advisory sent to the local securities regulator was signed by Javiera Estrada,... 

Congo, China deepen mining ties as US pushes rival minerals pact

Democratic Republic of Congo and China have signed a deal to deepen cooperation in the African nation's mining sector, Congo's government said, as global powers jockey for influence in the... 

South Africa's policy rate on hold as Iran war seen pushing up inflation

South Africa's central bank maintained its main lending rate at 6.75% on Thursday, saying caution was needed as higher energy prices triggered by the US-Israel war against Iran would push up... 

South Africa's policy rate on hold as Iran war seen pushing up inflation

South Africa's central bank kept its key interest rate unchanged at 6.75% in a unanimous decision announced on Thursday. The majority of economists polled by Reuters had expected no change in the... 

Barrick delays Pakistan project amid Middle East conflict

Barrick Mining is extending its review of the massive Reko Diq copper-gold project in Pakistan and slowing development activity amid escalating security concerns in the South Asian country and the... 

India's iron-ore imports set to hit 7-year high in 2025/26

India's imports of iron-ore, a key raw material in steelmaking, are set to rise to a seven-year high in the fiscal year ending on March 31, driven by a shortage of high-grade ore and demand from... 

BHP's Jimblebar iron-ore stocks in China hit near two-month low after ban reprieve, traders say

Inventories of BHP's Jimblebar fines, a type of iron-ore, at some Chinese ports slid to a near two-month low after steelmakers rushed to take delivery during a one-week ban reprieve, according to... 

South African rand weakens ahead of central bank rate decision

The rand weakened in early trade on Thursday, ahead of a much-anticipated interest rate decision by the South African Reserve Bank (SARB) later in the day. At 0720 GMT the rand traded at 17.03... 

Trade ministers meet in Cameroon for critical WTO reform talks amid deep divisions

Trade ministers will meet in Cameroon on Thursday for crucial discussions on reforming the World Trade Organization, as some diplomats and trade officials warn that without an agreement, countries... 

Woodside Energy assumes control of Beaumont ammonia facility in Texas

Australian oil and gas producer Woodside Energy said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and... 

Lynas agrees potential rare earths deal with South Korea's LS Eco Energy

ustralia's Lynas Rare Earths and South Korea's LS Eco Energy said on Thursday they plan to work together to process rare earths, to help meet demand from customers scrambling to secure non-Chinese... 

Oil execs say price swings make it hard to 'drill, baby, drill'

Activity in the US oil and gas sector in the key producing states of Texas, Louisiana and New Mexico increased in the first quarter of 2026 although output was steady for now, a survey released by... 

Iron-ore rises on Australia supply disruption concerns

Iron-ore futures rose on Thursday, supported by concerns over Australian supply disruptions due to the closure of ports in the Pilbara region following a cyclone. The most-traded May iron ore... 

Albemarle starts enviro review process for lithium extraction project in Chile

Albemarle said on Wednesday that it has started the environmental review process for its first project through direct lithium extraction (DLE) in Chile. The US based company, the world's largest... 

Australian energy, uranium seen in demand post Iran crisis - IEA

Australia is a crucial source of minerals, including for nuclear power, to help stave off a bigger supply shock than the world is currently facing in energy due to the Iran war, the head of the... 

South African rand steady as market weighs Trump's talk of Iran negotiations

The South African rand was steady in early trade on Wednesday as traders cautiously assessed President Donald Trump's assertion that the US was in negotiations to end to the war with Iran. At 0712...