Zinc expected to retreat in 2026 as weak demand offsets supply fears

Zinc prices are expected to retreat from recent highs over the rest of the year as lacklustre demand offsets supply disruptions, analysts say. The metal used to galvanise steel is up more than 13%... 

Magnolia Oil & Gas to buy WildFire Energy in $4bn deal

Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06-billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes... 

China’s sulphuric acid exports all but vanish in June, plunging 99%

China’s sulphuric acid exports plunged more than 99% in June following a move to halt overseas shipments, leaving Chile and Indonesia, its two biggest buyers last year, without any cargoes, customs... 

USA Rare Earth CEO Humpton to retire, Serra Verde's Moraitis to succeed

USA Rare Earth said on Monday that Barbara Humpton will retire as CEO and board director effective October 1, with Serra Verde CEO Thras Moraitis set to succeed her. Brazilian rare earths miner... 

India says coal power plants have adequate stocks despite rising demand

India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and... 

Iran to restore 100-million cubic metres of lost gas output in coming months, official says

Iran expects to restore around 100-million cubic metres a day of natural gas production capacity within the coming months, a senior government official said on Monday according to the oil... 

New Zealand gas exploration interest picks up after years in doldrums

Seven oil and gas players are racing to secure offshore exploration rights in New Zealand ahead of a national election that could lead to a ban on new permits, as the country's major parties battle... 

Forget crude, war pushes refiners to the brink - Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 

Irving Oil's refinery in New Brunswick to begin fall turnaround in September

Irving Oil's 320 000-barrel-a-day refinery in Saint John, New Brunswick, will begin a two-month turnaround in September, the company said on Friday. The fall turnaround project, is expected to... 

South32 Q4 copper output declines, missing market estimates

Australian diversified miner South32 reported lower fourth-quarter copper production on Monday, missing market estimates, as impacts from inclement weather continued to hamper mining operations at... 

Australia's EQ Resources surges as billionaire Andrew Forrest takes 16.8% stake

Shares of EQ Resources jumped more than 34% on Monday after the tungsten producer said Australian mining billionaire Andrew Forrest would acquire a 16.8% stake in the company. Wonongarra, an... 

Botswana says Anglo picks De Beers buyer, weighs options for 'optimal structure'

Anglo American has chosen a preferred buyer for its stake in diamond producer De Beers, with Botswana weighing whether to exercise its right of first refusal either on its own, with Anglo's chosen... 

Zimbabwe's sole lithium salt plant unable to process third-party metal, official says

Zimbabwe's sole lithium sulphate plant, owned by China's Zhejiang Huayou Cobalt, currently has no capacity to process minerals from other producers, an official said on Friday ahead of a... 

LNG exports set to add $1.4trn to US GDP through 2040, S&P Global Energy says

Liquefied natural gas (LNG) is poised to become the US' second-largest net export industry within five years, adding nearly $1.4-trillion to its GDPthrough 2040, according to an S&P Global Energy... 

US imposes new 25% tariffs on Brazil, expands exemptions list

The US will hit Brazil with new 25% duties on its furniture, ethanol, machinery, footwear, sugar and other goods such as pig iron and mining equipment, launching a new wave of tariffs that could... 

Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says

If the US and Iran do not increase oil flowing through the Strait of Hormuz soon, the world should worry about energy security, International Energy Agency (IEA) executive director Fatih Birol said... 

China disapproves of British Steel nationalisation decision by UK

China said on Friday it firmly opposes and strongly disapproves of Britain's decision to nationalise British Steel and urged fair treatment for Chinese firms there. Britain nationalised British... 

Electricians at BHP's key Australian iron-ore hub vote for work stoppages

Electricians maintaining diversified miner BHP's high-voltage power network in Western Australia's Pilbara region have overwhelmingly backed strike action, the Electrical Trades Union (ETU) said on... 

Zijin starts Congo lithium exports to China, sources say

China's Zijin has started exporting lithium concentrate from its Manono project in Democratic Republic of Congo, five sources familiar with the matter have told Reuters. "Exports started in June as... 

Australian shares end flat; BHP copper output cut, work-stoppage dents miners

Australian shares ended flat on Thursday, as banks steadied the benchmark against a BHP-led mining selloff that wiped out most of the sector's recent gains, after the global miner cut its copper... 

Pakistan pledges more security for China-run copper and gold mine after insurgency warning

Pakistan has pledged extra security for its largest operating Chinese-run copper and gold mine after the operator warned that worsening militant violence could force it to halt production within a... 

Codelco sees lithium project in Chile's Maricunga salt flat feasible in eight more years

Chile's Codelco expects its lithium project in the Maricunga salt flat to become a reality in eight years, chairperson Bernardo Fontaine said on Wednesday. The Maricunga lithium project is managed... 

Chile's Codelco expects flat copper output in coming years, chairperson says

Chile's State-run copper miner Codelco expects production in the coming years to stay similar to current levels, chairperson Bernardo Fontaine said on Wednesday, when asked if the company was on... 

Congo Ebola outbreak disrupts US-backed minerals talks, sources say

A worsening Ebola outbreak in the Democratic Republic of Congo (DRC) is disrupting travel and delaying meetings tied to a US-backed critical minerals partnership aimed at loosening China's hold on... 

Fujimori's mining push could spur unrest in Peru, study says

Peru's President-elect Keiko Fujimori could face new protests in mining areas as her government tries to spearhead large copper and other mining projects that have been delayed for years, according... 

Ghana approves revised mining law to strengthen oversight

Ghana's cabinet has approved amendments to its mining law for submission to parliament, Mines Minister Emmanuel Armah-Kofi Buah said on Wednesday, as part of government efforts to increase... 

Trafigura backs out of Angola transmission line project sources say

Trafigura has walked away from a proposed 2 000 MW transmission line that would have carried surplus hydropower from Angola to copper and cobalt mines in the Democratic Republic of Congo and... 

Australia's Kinetiko seeks fast-track route to South Africa gas production

Australian company Kinetiko is taking a two-step permitting process to accelerate gas production at its South African Brakfontein project ahead of a looming national gas shortage, the company's... 

South Africa's financial regulator launches probe into state asset manager

South Africa's Financial Sector Conduct Authority (FSCA) has launched an investigation into the Public Investment Corporation (PIC), citing concerns over governance, leadership stability and... 

Peru copper output up 2.3% year-on-year in May

LIMA - Peru's copper production, the world's third-largest, rose 2.3% year-on-year in May to about 226 096 tons, the country's energy and mines ministry said on Tuesday. In the first five months... 

US company seeks to produce uranium for nuclear energy from seawater

Texas-based SuperCritical Materials Corp said on Tuesday it has won an exclusive license from the US Department of Energy (DoE) to extract uranium from seawater, a process that was developed by US... 

ARC shareholders approve $16.4bn Shell takeover deal

Canadian energy company ARC Resources said on Tuesday its shareholders have voted in favor of being acquired by Shell, clearing another step for one of this year's biggest energy sector deals.... 

LNG Canada offers five First Nations option to invest up to C$1bn in Phase 2 storage tank

LNG Canada said on Tuesday five First Nations will have an equity option to invest up to C$1-billion ($710.78-million) to acquire a storage tank planned to be built in a proposed expansion of the... 

Vale's board elects Wilfred Bruijn as temporary chairperson

The board of directors of Brazilian miner Vale elected member Wilfred Theodoor Bruijn as a temporary chairperson, the company said on Tuesday. Bruijn will stay in the role until a shareholders... 

Alcoa greenlights Australia gallium plant with US, Japan and domestic backing

Bauxite and aluminium producer Alcoa Corporation said on Tuesday it has reached a final investment decision to set up a gallium plant at its Wagerup alumina refinery in Western Australia, with... 

Ghana's 2026 artisanal gold output likely to surpass record 2025 level, Gold Board says

Ghana's Gold Board bought up to 54 metric tons of gold from artisanal and small-scale mining (ASM) in the first half of 2026 and output from the sector is on track to match or surpass last year's... 

Antofagasta's first-half copper output drops 9.5%, uptick seen ahead

Chilean miner Antofagasta said on Wednesday its copper output fell 9.5% in the first half to 285 000 tons owing to lower production at two key mines, but affirmed its yearly forecast as it expects... 

Rio Tinto beats quarterly iron-ore sales estimates, flags rising diesel costs

Diversified miner Rio Tinto posted better-than-expected second-quarter iron-ore sales on Wednesday, supported by strong operational performance, though it will need a stronger second half to meet... 

Australia's export finance agency boosts jobs by 21% amid critical minerals push

Export Finance Australia (EFA) added 40 staff in the financial year to June, as the government-backed agency builds up critical minerals expertise to deliver an A$1.2-billion ($840-million)... 

South African rand gains as US inflation weighs on dollar

The South African rand gained on Tuesday against a weaker dollar after US consumer inflation slowed more than expected in June, ruling out an interest rate increase from the Federal Reserve this...