Australia and Vietnam deepen strategic partnership

Australia and Vietnam agreed on Tuesday to deepen their comprehensive strategic partnership, signing cooperation agreements spanning defence, agriculture and border security. The two countries... 

Surge in China's coal imports may start to taper off

China's coal imports surged to the highest this year in July but the strength is deceiving and built on short-term factors that are unlikely to persist. Total coal imports rose 23% in July from... 

Barrick says Newmont deal clears path for North American IPO

Barrick Mining reported a rise in second-quarter profit, buoyed by higher bullion prices, and struck a $1.95-billion deal with Newmont Corporation to settle disputes over Nevada Gold Mines.... 

Freeport Indonesia aims for Manyar smelter restart next month, CEO says

Copper and gold miner PT Freeport Indonesia plans to resume production at its Manyar smelter in September as copper concentrate production from its Grasberg mine gradually recovers, CE Tony Wenas... 

Africa's infrastructure guarantees platform plans to double its capital, CEO says

African Trade and Investment Development Insurance (ATIDI) plans to double its capital to $2-billion over the next two years, its chief executive told Reuters, as African leaders look to a new... 

Vitol backs energy hub at Tanga port with governments of Tanzania, Uganda

The governments of Tanzania and Uganda on Thursday signed a nonbinding agreement with the Bahrain unit of global commodities trader Vitol to develop a regional energy hub at the Port of Tanga,... 

China's gold reserves rise by most since October 2023 as buying pace quickens

China's central bank stepped up its gold purchases for a fifth straight month in July, adding the most bullion to its reserves since October 2023, official data showed on Friday. The People's Bank... 

World food prices hit 3-year high in July as weather and war weigh, FAO says

World food prices rose in July to their highest in more than three years as adverse weather and war escalation in the Gulf and Black Sea supported crop markets, the United Nations' Food and... 

Indonesia says mineral export resume after delays over rare-earth testing

Exports of Indonesian mineral products have resumed after delays linked to testing for rare-earth element contents, with shipments of alumina hydroxide and alumina oxide leaving from West... 

China July iron-ore imports slide from June as thinning steel margins curb appetite

China's iron-ore imports in July slipped by 4% from the prior month, as some domestic steelmakers began equipment maintenance amid shrinking steel margins, curbing appetite for the key steelmaking... 

Canadian Natural says oil sands expansions paused until government agreements finalized

Canadian Natural Resources will not move ahead with any mid- to long-term oil sands expansion projects until the details of a recently signed memorandum of understanding with the Canadian and... 

Chile's ENAMI says China antitrust review of Rio Tinto lithium project delayed

The Chinese antitrust regulator review into a lithium project involving Chile's State-run ENAMI and miner Rio Tinto will be delayed by a few months, the head of the South American company said on... 

Trump admin blocks tungsten, battery waste exports to boost US minerals supply

The US Commerce Department said on Thursday it will block exports of tungsten scrap and battery waste, part of a push to boost the domestic recycling industry and critical mineral production. The... 

MP Materials results beat expectations on rising sales, US price support

Rare earths producer MP Materials reported second-quarter results on Thursday that beat analysts' expectations owing to rising sales and its price support agreement with the US government. The... 

China's July rare earth exports hit a four-month low amid demand lull

China's exports of rare earths in July extended a decline for a second straight month, down 17.3% from the prior month, as a summer lull dented overseas demand. The world's largest rare earth... 

CATL's Jianxiawo lithium mine remains closed pending environmental approval, state media reports

Chinese battery maker CATL's Jianxiawo lithium mine remains pending environmental approval, State media reported on Friday. The mine, in the city of Yichun in Jiangxi Province, is also undergoing... 

Ariana Resources targets 2028 gold production from rare Zimbabwe greenfield mine

London-listed Ariana Resources ARNR.L expects to start producing gold from its greenfield project in Zimbabwe in 2028, the company's managing director Kerim Sener said on Thursday. Ariana's Dokwe... 

Coal India enters iron ore mining after Odisha block win

Coal India has won the Gadadharpur iron-ore block in the eastern state of Odisha through a competitive auction, the State's director of mines and geology, Rohit Kumar Lenka, said on Thursday. The... 

ConocoPhillips completes $1.7bn asset sale, hits divestiture target early

ConocoPhillips said on Thursday it has completed the sale of $1.7-billion of noncore Lower 48 assets in July, helping the US oil producer reach its $5-billion asset disposition target ahead of... 

South African clothing factories struggle after migrant workers flee

Weeks after xenophobic protests drove thousands of migrant workers from South Africa, rows of sewing machines stood idle at a clothing factory in Newcastle, a manufacturing hub in the eastern... 

Canadian Natural Resources beats quarterly profit estimates

Canada's largest oil and gas producer Canadian Natural Resources surpassed expectations for second-quarter profit on Thursday, benefiting from higher oil and natural gas production. Canadian oil... 

Congo bans exports of copper, cobalt concentrates, official order says

Congo has banned exports of copper concentrate and cobalt concentrate in a major escalation of its drive to force domestic processing and retain more value from its vast mineral resources,... 

US lithium refiner Stardust signs non-binding supply deal with batterymaker Charge CCCV

US-based lithium refiner Stardust Power said on Wednesday it signed a non-binding letter of intent with fellow US-based batterymaker Charge CCCV to supply battery-grade material from its planned... 

Suncor not ready to speed output growth, CEO says, despite government's pro-oil stance

Suncor Energy is not yet willing to accelerate plans for production increases, the company's CEO said on Wednesday, despite large-scale policy reforms promised by the federal and Alberta... 

Potash producer Nutrien misses profit estimates as lower volumes blunt higher prices

Nutrien missed analysts' estimates for second-quarter profit on Wednesday as lower potash and nitrogen sales volumes offset the benefit of higher fertilizer prices at the world's largest potash... 

Albemarle quarterly profit beats expectations on rising lithium prices

Albemarle, the world's largest producer of lithium for batteries, posted a better-than-expected quarterly profit on Wednesday owing to a jump in prices for the ultra-light metal. The results... 

Dangote has 'strong intent' for South Africa listing after Nigeria IPO – JSE

The JSE has engaged with Nigeria's Dangote Group and said the company could list its petroleum refinery in South Africa after a Nigerian IPO, a spokesperson told Reuters on Wednesday. "They will... 

China's CMRG tells some steel mills to halt talks with Rio Tinto for shipments from September, sources say

China's State-owned iron-ore buyer has directed some steel mills to halt negotiations with Rio Tinto for shipments from September, two sources said, escalating pressure on the world's top iron-ore... 

South African private sector growth slows slightly in July, PMI shows

South Africa's private sector expanded for a second straight month in July, though at a slightly slower pace as weaker employment growth and renewed stock drawdowns offset a return to output... 

Canada's Gran Tierra to sell South American assets to Maurel and Prom in $1.3bn deal

Canadian oil and gas producer Gran Tierra Energy said on Wednesday it had agreed to sell its Colombian and Ecuadorean oil operations to France's Maurel & Prom for $1.33-billion, including debt.... 

Petrobras halts studies for $1bn gas pipeline in Brazil amid regulatory uncertainty, sources say

Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by... 

Chile's Codelco pauses El Teniente mine expansion over new signs of seismic risk

Chile's State-run copper miner Codelco has paused one of its expansion projects at its flagship El Teniente mine a year after a deadly collapse, saying recent studies show greater seismic risk than... 

TSX hits record high as mining and technology shares jump

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions. The Toronto Stock Exchange's... 

US shale producer EOG Resources beats quarterly profit estimates on higher crude prices

US shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February,... 

Canada's Suncor beats quarterly profit estimates on higher prices, refining margins

Suncor Energy on Tuesday beat second-quarter adjusted profit estimates as higher crude price realizations and stronger refining margins offset weaker upstream production. Higher oil prices and... 

Miners lead Australian stocks to record highs on signs of easing Iran tensions

Australian shares opened at a record high on Wednesday, led by miners, as hopes grew for an imminent end to the five-month-long Iran war. The S&P/ASX 200 index rose as much as 0.7% to a record... 

Depletion of iron-ore mines to underpin next decade's prices, Rio Tinto executive says

Supply pressure stemming from the depletion of iron-ore mines built earlier this century, such as those in Australia, is set to underpin the iron-ore market and prices over the coming decade, a Rio... 

South African court orders reinstatement of PIC CEO

A South African court on Tuesday declared invalid the suspension of Public Investment Corporation (PIC) CE Patrick Dlamini by the board, ordering his reinstatement at the helm of the embattled... 

Zambia miners eye election with hopes for support for copper expansion

For mining firms in Zambia, priorities for next week’s elections include stronger incentives for processing minerals, reviving exploration and expanding power generation, measures they say are... 

Lithium mining for green power triggers eco-outcry from South African farmers

Mining lithium for batteries is a growing part of South Africa's plan to use the global shift towards green energy to revive its economy, but now it faces a challenge from thousands of angry...