USA Rare Earth secures $1.6bn US funding

USA Rare Earth said on Wednesday it has signed agreements with the US Department of Commerce giving it access to up to $1.6-billion in funding under the CHIPS Act, to support its plans to build a... 

LNG prices could go higher in significant volatility, Uniper executive says

Liquefied natural gas (LNG) prices could rise further in significant volatility than experienced so far during the Iran war if supply disruptions coalesce with hot weather in Asia and European... 

Chile's Codelco copper giant names Jorge Gomez as new CEO

Chile's embattled State copper giant Codelco named Jorge Gomez as its new CEO on Wednesday as the company continues to deal with fallout following a scandal over inflated production figures. In a... 

Trump plans $700 million in new coal support, White House official says

US President Donald Trump is planning to use Cold War-era national defence powers to send nearly $700-million to support coal facilities, according to a White House official. Trump could announce... 

Iron ore posts biggest daily loss in nearly two months on China demand worries

Iron ore prices slid on Thursday to record their biggest daily losses in nearly two months, weighed down by rising concerns about demand in top consumer China as steel margins shrink and steel... 

India to soon unveil incentives for lithium, nickel processing with $313m outlay, sources say

India's federal Ministry of Mines is expected to shortly unveil a policy with incentives to process lithium and nickel with an outlay of around 30-billion rupees ($313.48-million), according to two... 

Eramet halts Weda Bay Nickel production in Indonesia after mining quota runs out

The Indonesian unit of French miner Eramet has halted nickel ore production after a government decision to slash its 2026 mining quota by 70% compared to last year left it unable to continue... 

Zambia extends duty-free copper concentrate export duty waiver amid smelter outages

Zambia has extended the suspension of a 10% duty on copper concentrate exports to September 30, to help clear stockpiles of unprocessed material as the country's major smelters undergo extended... 

Hostilities flare in Iran war, oil jumps with talks at a stalemate

Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between... 

Glencore temporarily suspends Cerrejon coal mine operations over road blockades

Glencore's Cerrejon mine in Colombia, one of the world's largest open-pit coal mines, is monitoring blockades that forced it to suspend operations, it said in statements this week. The site halted... 

Australia shares climb to near one-month high as miners rally

Australian shares rose to a near one-month high on Wednesday, underpinned by commodity stocks, after mining giant BHP hit a record high, while a slower-than-expected economic growth reaffirmed... 

Malawi to repatriate citizens from South Africa amid anti-immigrant attacks

Malawi will join other countries in repatriating its nationals seeking to leave South Africa, where attacks on African migrants have been reported in parts of the country. The Ministry of Foreign... 

South Africa private sector contracts after four months of growth, PMI shows

South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday. The S&P Global... 

USA Rare Earth to invest $1.2bn in South Carolina facility to boost domestic supply

USA Rare Earth said on Tuesday it will invest $1.2-billion to build a magnet manufacturing and rare earth metals facility in South Carolina, as it expands domestic production capacity. Shares of... 

BHP explores ship biofuel blend made from cooking oil, animal fat

Australian iron-ore and copper miner BHP and Singapore's Global Centre for Maritime Decarbonisation (GCMD) have blended biofuel made from used cooking oil and waste animal fat to refuel a cargo... 

Dangote refinery can be global jet fuel supplier, CEO says

Nigeria's 650 000 bbl/d Dangote oil refinery has a large surplus of jet fuel and can supply the product all over the world, CE David Bird said on Tuesday. With demand on the African continent lower... 

South Africa's fiscal targets on track despite Iran war, Treasury says

South Africa remains on track to meet its fiscal targets despite the conflict in the Middle East, its National Treasury said on Tuesday, adding it wanted to demonstrate its credibility by meeting... 

Kganyago signals resolve to curb inflation after rate hike​

South Africa's central bank governor Lesetja Kganyago said on Tuesday that the bank would bring inflation back to its 3% target, defending last week's rate hike as necessary to prevent second-round... 

S&P flags Middle East oil risk for South Africa, warns low growth an outlier among peers

S&P Global Ratings warned on Tuesday that rising oil prices from the Middle East crisis pose a growing risk to South Africa's consumer-led economy, even as the fiscal consolidation push remains... 

Vedanta's Zambian unit shuts copper smelter for maintenance

LUSAKA – Vedanta's Konkola Copper Mines has started a 60-day shutdown of its Nchanga smelter in Zambia for maintenance and repairs, it said on Tuesday. KCM said the repairs and maintenance are... 

Elliott takes A$1-billion stake in Australia's Northern Star, calls for strategic review

Shares in Australia's biggest gold miner Northern Star Resources jumped on Tuesday after activist investor Elliott Investment Management disclosed an over A$1-billion ($714.6-million) stake and... 

Trump signs proclamation amending tariffs on steel, aluminum and copper imports

US President Donald Trump on Monday signed a proclamation amending his Section 232 national security tariffs on some aluminum, steeland copper imports, the White House said. The proclamation... 

Barrick Mining weighs London listing as it negotiates Africa business sale, sources say

Barrick Mining, one of the world's leading gold miners, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen... 

Tesla drops threat to scrap graphite supply deal with Australia's Syrah Resources

Australia's Syrah Resources confirmed on Monday that electric vehicle maker Tesla has withdrawn a notice of intent to end their graphite supply deal over an alleged quality default, accepting the... 

Gold approaches potential crossroads

Gold is approaching a potential turning point that could decide whether it extends this year's losses or makes a stand that could facilitate a recovery. Gold's troubles started early this year when... 

Illegal miners extract billions in Amazon gold despite Brazil crackdown, Greenpeace finds

Billions of dollars worth of gold is still being extracted illegally from Brazil's Amazon rainforest, a study by nonprofit watchdog Greenpeace found, despite efforts by President Luiz Inacio Lula... 

BHP electrical workers to vote on strike at key Australian iron-ore export hub

PERTH - Hundreds of iron-ore miner BHP's electrical workers at Port Hedland in Western Australia will vote on potential strike action, a union said on Friday, raising the risk of disruptions to... 

Brazil rare earths miner Viridis to sell to US, European buyers, not China, CEO says

Australian rare earths miner Viridis Mining and Minerals is in advanced discussions with potential offtake buyers in Europe and the US for its Colossus mine in Brazil's Minas Gerais state, CEO... 

South African central bank raises key rate by 25 basis points

South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The... 

Phala Phala impeachment committee to meet on Monday

South Africa's parliament has scheduled for Monday a meeting of an impeachment committee that will further probe allegations surrounding President Cyril Ramaphosa's "Farmgate" scandal, the... 

Copper braces for another round of US tariff roulette, Reuters says

Another round of tariff impacts are in store for copper, a Reuters columnist reports, as the deadline for a US decision on whether to impose tariffs on refined copper imports looms at the end of... 

Canada inks first LNG supply agreement with Germany's SEFE for British Columbia project

Canada and Germany’s State-owned energy firm SEFE said on Wednesday they had reached what Canada described as its first liquefied natural gas (LNG) supply deal with a European buyer, underscoring... 

Gold prices pare losses after US inflation data

Gold trimmed losses on Thursday following the release of US April inflation data, but prices were still down for a third straight session as skepticism over a US–Iran deal clouded the interest rate... 

Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project

Australia's Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe on Wednesday, a key step as it looks to advance its Cabora Bassa gas project, company executives... 

Ghanaians repatriated from South Africa after anti-immigrant protests

Ghanaian nationals queued at Johannesburg's OR Tambo International Airport early on Wednesday to board one of the first flights home after waves of anti-immigrant protests in South Africa... 

BlackRock sees merit in large-scale mining M&A

BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would make it easier to bring on large and complex projects needed for... 

AustralianSuper says possible Glencore listing on ASX would be positive

Pension fund AustralianSuper on Wednesday said if Glencore decides to list shares on the ASX, it would be "positive" for both the bourse and the Swiss-based commodities trader and miner. "If they... 

Trump raises refugee ceiling by 10 000 to bring in more white South Africans

US President Donald Trump increased the refugee admissions ceiling by 10 000 for this year to allow more white South Africans to come into the country, a signed presidential determination reviewed... 

South African rand steady as traders eye Middle East tensions

The South African rand was steady in early trade on Wednesday as traders cautiously assessed geopolitical developments after Iran accused the United States of violating a fragile ceasefire by... 

South Africa targets January 2027 for revised AI policy after earlier withdrawal

South Africa's communications minister established an independent panel of experts to review a draft national policy on artificial intelligence, after an earlier version was withdrawn when it was...