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... 

Glencore expects to start ASX trading on October 14

Glencore expects to begin trading on the Australian Securities Exchange under the ticker "GLC" on October 14, the Swiss miner said on Thursday, after meeting all regulatory requirements. The... 

Djibouti, Ethiopia and Dangote to build $660m petroleum pipeline

Ethiopia, Djibouti and Nigerian billionaire Aliko Dangote plan to build a $660-million refined petroleum pipeline that will connect Ethiopia and Djibouti, a spokesperson in Ethiopian Prime Minister... 

Nyrstar launches strategic review of Dutch zinc smelting operations

Nyrstar, owned by commodities group Trafigura, has launched a strategic review of its loss-making Budel zinc smelting operations in the Netherlands owing to rising energy costs and government... 

High copper prices support miners in Chile, but investments dent gains

Despite strong copper prices, growing investment demands are offsetting much of the gains posted by mining companies in Chile, Moody's said in a report on Thursday. Chile, the world's largest... 

KPMG appointed interim manager for Singapore iron-ore trader Radiant, sources say

A Singapore court appointed KPMG as interim judicial managers of iron-ore trader Radiant World after creditor Mizuho Bank withdrew its push for rival Deloitte to take the role, according to two... 

Canada to develop carbon removal market framework under Paris agreement

Canada is working to develop policies that will allow its domestic carbon removal companies to participate in international carbon markets, a move advocates say will help spur investment in new... 

Chile's Escondida mine gradually resumes operations after fatal accident

Operations at BHP's Escondida mine in Chile are being resumed progressively as assessments continue, the world's largest copper mine said on Thursday. Operations at the mine were suspended on... 

India's Vedanta lines up FY's first rupee debt sale, bankers say

India's Vedanta is preparing to launch its first rupee bond of the year before the central bank's monetary policy decision early next month, two merchant bankers said on Friday. The miner plans to... 

Ghana to focus on rebuilding reserves as gold exports pause

Ghana's central bank will prioritise rebuilding foreign exchange reserves in the coming months as it navigates a weaker current account, declining reserves and a pause in gold exports by state... 

South Africa's central bank raises main interest rate to 7.25%

South Africa's central bank raised its key interest rate by 25 basis points (bps) to 7.25% on Wednesday, saying it wanted to steer inflation towards its 3% target. The decision by policymakers at... 

South Africa's headline inflation rate inches higher in August

South African inflation picked up slightly in August, but analysts said the smaller-than-expected uptick was unlikely to influence the central bank's interest-rate announcement later in the day.... 

Tauron plans $919m overhaul of Siersza coal plant

Polish utility Tauron said on Wednesday it plans to redevelop its Siersza coal power plant with investments of up to 3.5-billion zlotys ($919-million), adding gas, storage and solar capacity to the... 

Argentina's Milei addresses UN as tensions rise over Falkland Islands

Argentina's President Javier Milei on Wednesday will address world leaders at the United Nations General Assembly amid escalating tensions with Britain over oil exploration around the Falkland... 

Nigeria wins arbitration as Sunrise's $400m hydropower claim dismissed

Nigeria has won an international arbitration case after a tribunal dismissed a $400-million claim by Sunrise Power and Transmission over the long-delayed Mambilla hydroelectric project,... 

South Africa faces $8bn bill to revive State-owned refineries

South Africa will need more than $8-billion to revive two mothballed state-owned refineries, officials told lawmakers, as the country seeks to strengthen energy security and reduce dependence on... 

Nth Cycle inks $1bn minerals offtake with Glencore ahead of public listing

US metals refining startup Nth Cycle has signed a $1-billion offtake agreement with Glencore to supply the commodities giant with lithium and other critical minerals extracted from recycled... 

Trump says US will keep buying Canadian potash, Belarus would sell at lower price

US President Donald Trump, asked on Tuesday about a potential deal to purchase potash from Belarus, said the US would continue buying from Canada but Belarus would like to sell at a lower price.... 

BHP's Escondida mine supervisors say collective contract deal far off

Unionized supervisors at BHP's Escondida copper mine in Chile remain far from reaching a new collective contract agreement as time quickly runs out before a mandatory mediation period is set to... 

US to fund $7bn of Argentina mineral, energy projects, document shows

The US Export-Import Bank plans to fund up to $7-billion worth of critical minerals and energy projects in Argentina, according to a document seen by Reuters, as part of a push to deepen economic... 

Indonesia's nickel production curbs leave market unconvinced

Indonesia is learning that building a dominant position in the nickel market is the easy part. Leveraging its influence over supply to control prices is proving much trickier. The Southeast Asian... 

Congo plans centralised mining investment agency under US deal, sources say

Democratic Republic of Congo is preparing a one-stop agency for major mining investments as part of reforms linked to its minerals partnership with the US, aiming to cut red tape and attract more... 

Zimbabwe secures funds for key commodity gateway upgrade

Zimbabwe's government on Tuesday announced a funding agreement for the upgrade of the Chirundu border with Zambia, to reduce delays on a vital gateway connecting the central African copperbelt to... 

Botswana sharply reduces budget deficit forecast on revenue boost from central bank

Botswana now expects a much smaller budget deficit this fiscal year thanks to higher-than-expected revenue from the central bank and measures to contain spending, Finance Minister Ndaba Gaolathe... 

EV battery maker Titan to buy Australia's Global Lithium in $237m deal

Australia's Global Lithium Resources agreed on Tuesday to a nearly A$333-million ($237-million) takeover by a local unit of United Arab Emirates-based battery materials firm Titan Lithium Group,... 

Canada sees scope for France LNG partnership, Minister says

Canada could pursue an energy partnership with France involving liquefied natural gas (LNG) from its Pacific coast, Canadian Foreign Minister Anita Anand said on Monday, a day after leaders of the... 

EU to keep opposing new Arctic oil drilling, despite pressure from Norway

The European Union will maintain its opposition to new oil and gas drilling in the Arctic, a European Commission spokesperson said on Monday, despite Norwegian pressure to drop the EU ban. The EU... 

US awards $99m for geothermal drilling, technology projects

The US Department of Energy (DoE) on Monday said it selected 21 projects for up to $99-million in funding to advance geothermal energy development, a source of around-the-clock power that has... 

Canada says Philippines, ASEAN trade talks 90% complete, eyes November finish

Canada's trade minister said on Tuesday that negotiations on separate free trade agreements with the Philippines and ASEAN are more than 90% complete, with Ottawa pushing to have both deals ready... 

LNG buyers and sellers seek greater supply diversity amid Iran war

Liquefied natural gas (LNG) buyers are looking to diversify sourcing as the US-Israeli war against Iran cuts Gulf shipments, with importers seeking alternatives for the fuel from other suppliers... 

Canada optimistic about concluding trade talks with India by year-end, minister says

Canada is optimistic about concluding negotiations on a comprehensive economic partnership agreement (CEPA) with India by year-end, the country's Minister for International Trade said on Saturday.... 

France's Macron hails new chapter in Canada ties, eyes gas deals

President Emmanuel Macron on Sunday welcomed a new chapter in ties with Canada after the two countries agreed to forge deeper ties with the French leader saying bilateral talks were opening to see... 

China Rare Earth Group in talks to buy MP Materials shareholder Shenghe Resources, sources say

State-owned China Rare Earth Group is in talks to acquire Shenghe Resources, said two sources with knowledge of the matter, a move that would consolidate Beijing's control over the sector and give...