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Six years after a mining reboot, Egypt's gold ambitions start to take shape
Egypt's mining sector drew hundreds of millions of dollars in planned investments this week as companies seek gold and other minerals in a country often seen as one of Africa's most under-explored....
Madagascar villagers file claim against Rio Tinto over alleged mine contamination
More than 6 500 people in Madagascar have filed a claim in London's High Court against Rio Tinto, alleging contamination from the mining group's mineral sands operation exposed them to dangerous...
Ethiopian Airlines to sign agreement with Boeing for 10 freighters
Ethiopian Airlines will later on Wednesday sign a deal with Boeing for ten freighter aircraft, a banner at the venue of a signing ceremony showed. Earlier this month two industry sources told...
Panama government to recommend copper mine restart through state tie-up, sources say
A Panamanian government commission will recommend to President Jose Raul Mulino on Wednesday to restart the suspended Cobre Panama mine, two sources familiar with the matter said, proposing a...
South Africa summons US ambassador again over 'undiplomatic conduct', official says
South Africa's foreign affairs ministry called in US Ambassador Leo Brent Bozell III on Tuesday for a third time over what it described as "undiplomatic conduct," a senior government official told...
Gold Fields aims to woo Northern Star investors after miner's rebuff
Gold Fields could make another run for Northern Star Resources, CEO Mike Fraser said, after the Australian miner rejected a $27-billion takeover offer, with investors expecting it to return with...
Nigeria's Dangote breaks ground on $16 billion East African oil refinery in Kenya
Construction begins on Wednesday of a $16-billion Kenyan oil refinery aimed at lowering East Africa's fuel costs and saving the region hard currency used to import refined products. Aliko Dangote...
Exxon veteran Liam Mallon joins TMC board ahead of seabed mining push
The Metals Company said on Tuesday it has appointed former ExxonMobil upstream chief Liam Mallon to its board as the company advances plans to begin commercial recovery of polymetallic nodules in...
Unions at Antofagasta's Centinela copper mine ready for strike
The two main unions at Antofagasta Minerals' Centinela copper mine in Chile said on Tuesday they are ready to strike, but hope one can be averted if the company agrees to a deal during mandatory...
Barrick CEO says North American IPO could slide into next January
Gold miner Barrick's proposed North American IPO could slide into January 2027, CEO Mark Hill said on Tuesday at the Mining Forum Americas in Colorado, adding that the company was on track to meet...
Liontown lifts FY27 capex guidance by nearly 35% after approving lithium mine expansion
Liontown Resources on Wednesday approved an A$389-million ($271.68-million) expansion of its flagship Kathleen Valley lithium mine in Western Australia, prompting the company to raise its 2027...
Australia's Amplitude Energy approves FID for East Coast Supply Project
Australian gas producer Amplitude Energy said on Wednesday it had taken a final investment decision (FID) on the development phase of the East Coast Supply Project, which includes the construction...
US trade chief to consider trade deal tariff caps in excess capacity probe
US Trade Representative Jamieson Greer said on Tuesday that the Trump administration will take into consideration tariff caps negotiated in trade deals with countries as it weighs potential new...
Glencore wins approval to extend Hunter Valley coal operations in Australia
Glencore on Wednesday won approval to continue operations at its Hunter Valley thermal coal project in Australia until 2045, after a State government found the economic benefits outweighed the...
Ghana's environmental authority targets Chinese-owned Cardinal and others in mining crackdown
Ghana's Environmental Protection Authority has issued a pre-closure notice to Chinese-owned Cardinal Namdini Mining over an alleged unreported accident as it ramps up enforcement across the mining...
Congo to audit major miners annually from 2027 as part of local content drive, regulator says
Democratic Republic of Congo will subject major mining companies to annual audits of subcontracting practices and compliance with local-content requirements from 2027, as authorities step up...
Nigerian businessman Dangote says he aims to list fertiliser company next year
Nigerian businessman Aliko Dangote said on Tuesday he hopes to list his group's fertiliser company Dangote Fertiliser sometime next year. "Sometime next year we hope to list it. Let it be owned by...
South Africa's foreign direct investment inflows pick up in the second quarter
South Africa recorded foreign direct investment inflows of R49.8-billion in the second quarter, up from R20.3-billion in the previous quarter, the central bank said on Tuesday. The South African...
India targets 600-million tons steel capacity by 2047, secretary says
India's new steel policy plans 600-million metric tons of steelmaking capacity by 2047 and is a roadmap for the next two decades, the country's steel secretary said on Tuesday, adding that it will...
Shell-led LNG Canada greenlights Phase 2 expansion, doubling export capacity
Shell and its partners on Tuesday gave the green light to a LNG Canada Phase 2 expansion in Kitimat, British Columbia, a multi-billion-dollar bet that will double the facility's production capacity...
Workers at Antofagasta's Centinela mine reject offer, pave way for strike
Workers from two unions at Antofagasta Minerals' Centinela copper mine in northern Chile rejected on Monday the company's collective contract offer, paving the way for a strike. The company and...
Minerals processing startup Valor hires former Redwood Materials VP of engineering
US minerals processing startup Valor has hired the former vice president of engineering at recycler Redwood Materials as part of its push to commercialize its technology. Valor is among a wave of...
Cleveland-Cliffs to idle output at Canada steel plant, blames tariffs
Cleveland-Cliffs is idling some production at its Hamilton, Ontario plant in Canada and will lay off hundreds of workers, citing the damage done by US tariffs, CBC News said on Monday. Citing an...
Miners bound to megadeal playbook in pursuit of global scale
Mining companies are set on building scale through M&A and partnerships to tackle financial and geopolitical hurdles, despite several thwarted megadeals over the past year. Gold Fields, whose...
Canada energy regulator approves Trans Mountain tolls settlement
The Canada Energy Regulator on Monday approved Trans Mountain's negotiated tolls settlement, finding the tolls just and reasonable and setting a new framework for tariffs and transportation...
Gold's lustre dims as Treasury yields surge, markets bet on higher Fed rates
Gold prices could face further pressure in the coming days as rising US Treasury yields and expectations of additional Federal Reserve rate hikes sap demand for the non-yielding metal. Spot gold...
Trump unveils $15bn planned Iowa steel project
US President Donald Trump on Monday said that a Minnesota company plans to build a multi-billion-dollar steel mill in Iowa, handing the administration a marquee manufacturing investment to showcase...
Centuries-old London Good Delivery system for gold faces modern accountability test
The London Bullion Market Association (LBMA) will defend itself in London's High Court from October 7 against a claim that it owed a duty of care to two Tanzanian artisanal miners allegedly killed...
Moody's cuts Botswana rating again as diamond slump weighs on economy
Ratings agency Moody's on Friday downgraded Botswana's domestic- and foreign-currency long-term issuer ratings to "Baa2" from "Baa1", citing an expected deterioration in the country's public...
Barrick Mining reaches deal with unions at Mali gold mine, easing strike threat
Canada's Barrick Mining has signed a new collective bargaining agreement with unions representing workers at its Loulo-Gounkoto gold mine in western Mali, a company spokesperson and a union...
Rio Tinto commissions carbon-capture trial at China's Shougang steel plant
Mining major Rio Tinto said on Monday it had commissioned a trial facility to capture carbon dioxide from blast-furnace gas at Chinese steelmaker Shougang Group's operations. The facility is...
China says US trade truce extension creates space to advance talks
China said on Monday a two-month extension of a trade truce with the US would provide room for both sides to evaluate the implementation of their arrangement to resolve economic and trade issues,...
Australia's Northern Star rejects $27bn takeover approach from Gold Fields
Australia's top gold producer Northern Star Resources said it rejected an unsolicited A$38.7-billion ($27.1-billion) takeover proposal from South Africa's Gold Fields, the latest sign of...
Belgian gem trader HB downsizes Botswana operations after failed supply deal
Belgian gem trader HB Antwerp is scaling back its Botswana operations after failing to secure rough diamond supplies from State-owned Okavango Diamond Company (ODC), a senior company official told...
South Africa's Transnet begins process to expand manganese export capacity
South Africa's State-owned logistics operator Transnet said on Friday it has started the process of picking a private sector partner to develop and operate a new manganese export terminal for 25...
Moroccan miner Managem's first-half profit jumps as prices, production rise
Morocco's largest mining group Managem said on Friday its first-half profit attributable to shareholders surged to 3.778-billion dirhams ($395-million) from 380-million dirhams a year earlier,...
Genel Energy raises Capricorn offer to $436m, outbidding Norway's DNO
Britain's Genel Energy raised its cash offer for Capricorn Energy to $436-million on Friday, topping a rival offer from DNO and re-securing the backing of Capricorn's board after a months-long...
India sees coal remaining power mainstay through 2035-36
India expects coal to supply about half its electricity through 2035-36 as surging power demand forces the country to rely on thermal generation alongside a rapid expansion of renewable energy,...
Eskom board chair reappointed after turnaround in power supply
South Africa's government has reappointed State utility Eskom's board chairperson Mteto Nyati, for another three years after a sharp improvement in power availability under his tenure, Electricity...
TotalEnergies board backs CEO Pouyanne's mandate renewal
TotalEnergies said on Friday its board unanimously backed the renewal of chairperson and CEO Patrick Pouyanne's mandate and reaffirmed the relevance of the energy major's strategy ahead of its...
Indonesian coal miner Bayan Resources lifts force majeure after quota revision approval
Indonesian coal miner Bayan Resources said on Thursday that it has lifted a force majeure declaration on coal supply deals after the government granted additional production quotas to the company...
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