Indonesian nickel miner group says 2026 production quota additions to be granted selectively

The Indonesian government will grant additional nickel ore production quotas selectively and only to smelters that are running low on raw materials, an industry association said on Thursday, as the... 

South African rand steady ahead of mining data and as Fed rate-hike bets shrink

The South African rand was little changed early on Thursday as investors awaited domestic mining production data and lower-than-expected US inflation figures tempered expectations that the Federal... 

China's August copper output to fall as acute feedstocks shortage bites, Antaike says

China's refined copper output in August will post an annual decline for a second straight month, constrained by an acute shortage of feedstocks, State-backed research house Antaike said on... 

Global 2026 oil supply shortfall to deepen as Hormuz reopening remains elusive, IEA says

Global oil supply will fall by 4.3-million barrels per day (bpd), or around 4%, this year, the International Energy Agency (IEA) said on Wednesday, as renewed hostilities in the Middle East disrupt... 

Codelco's stalled project in El Teniente to start production in 2029, executive says

Chilean state miner Codelco expects to begin production at an expansion project within its flagship El Teniente copper mine in 2029, the mine's general director Gustavo Reyes said on Wednesday.... 

Venezuela looks to UK-held gold reserves for reconstruction as inflation surges

Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4-billion held in the Bank of England's underground vaults, National Assembly chief... 

Australia commits $1.76 billion to keep Rio Tinto aluminium smelter open

Australia on Thursday said it would provide A$2.5-billion ($1.76-billion) to help keep global miner Rio Tinto's Tomago aluminium smelter, the country's largest power user, open beyond 2028, as it... 

SGX to use Dow Jones coking coal index for new contract

Dow Jones said on Thursday that it has reached an agreement with the Singapore Exchange that would allow the bourse to reference its coking coal index for a new derivative contract. Dow Jones'... 

New Zealand grants new energy mining permit in the Taranaki Basin

New Zealand's centre-right coalition government on Thursday granted a new energy mining permit in the onshore Taranaki region, an oil-and-gas-rich area on the country's North Island, saying it... 

Australia's Northern Star rejects Elliott board overhaul demand

Australian gold miner Northern Star Resources said on Thursday that it would be unable to commit to some of Elliott Investment Management's recommendations for an overhaul of the board as the... 

Antofagasta earnings boosted by copper prices despite output drop

Chilean miner Antofagasta posted a 27% increase in half-year core earnings on Thursday as high prices for copper offset lower production, but a shutdown at one of its mines led it to cut its 2026... 

India, Southern African customs bloc revive trade pact talks

India and the five-member Southern African Customs Union (Sacu) signed terms of reference on Wednesday to launch negotiations for a preferential trade agreement, as New Delhi seeks tariff relief... 

EGA's Al Taweelah aluminium smelter running at 18%, expects full return in early 2027

Emirates Global Aluminium (EGA) said on Wednesday its Al Taweelah smelter was operating at 18% of capacity and is expected to return to prior output levels in early 2027. An Iranian strike in... 

Vodacom names Khumo Shuenyane as new chair

Vodacom on Wednesday named Khumo Shuenyane as its chair starting July 2027, replacing Saki Macozoma, who will retire after his ten-year tenure. Vodacom has a self-imposed tenure of ten years for... 

Sweden gives go-ahead to Boliden copper mine project

The Swedish government said on Wednesday it has given Boliden the green light to proceed with the company's copper mine project in Laver, northern Sweden. Project still needs approval from... 

South African rand steady near five-month peak

he South African rand was steady in early trade on Wednesday, holding near a five-month high against the dollar as traders took stock of recent domestic unemployment figures and awaited fresh US... 

Global youth unemployment rises amid sluggish job creation and looming AI risk, UN labour agency says

Global youth unemployment increased in 2025 as weaker economic growth, geopolitical tensions and sluggish job creation made it harder for young people to find work, the International Labour... 

Claims against Radiant World assets have doubled since 2025, filings show

One of the world's largest iron-ore traders, Radiant World, has 21 creditors with registered claims over its assets, more than double the number before the start of 2025, according to registered... 

US natural gas output, demand to hit record highs in 2026, EIA says

US natural gas supply and demand will both rise to record highs in 2026, the US Energy Information Administration (EIA) said in its Short-Term Energy Outlook on Tuesday. The EIA projected dry gas... 

Nigeria's EV ambitions run into reality of weak electricity supply

Nigeria approved tax waivers for nearly 4 000 electric vehicles (EVs) in the first half of this year, government data showed, as authorities push to accelerate nascent EV adoption despite chronic... 

Freeport Indonesia's unit Smelting Gresik halts operations for furnace repairs

Freeport Indonesia said on Wednesday that smelter operations at its Smelting Gresik subsidiary have been stopped since August 8 for furnace repairs. Freeport Indonesia CEO Tony Wenas said in a... 

Elliott pushes Australian gold miner Northern Star for board change after talks stall

Elliott Investment Management pressed Northern Star Resources for director changes on Wednesday, unveiling a slate of six possible candidates and inviting shareholder support after negotiations... 

Coal India weighs buying Canada's Wealth Minerals unit for Chile lithium assets, sources say

Coal India, the world's largest coal miner, is considering acquiring a unit of Canada's Wealth Minerals with lithium mining assets in Chile, two sources familiar with the matter said. The move... 

BRICS nations discuss linking payment systems and CBDCs, RBI chief says

Members of the BRICS group of nations are discussing potential linkages between their respective fast payment systems and central bank digital currencies, Reserve Bank of India Governor Sanjay... 

Decades of farm gains, inventories strengthen food system against 'super' El Nino

Near-record inventories, technological advances and the rise of key exporters such as Brazil and Russia have made the global food system more resilient to this year's "super" El Nino than similar... 

Rustenburg mine dump collapse kills 14 illegal miners, police say

RUSTENBURG - At least 14 suspected illegal miners were killed and eight injured when a mine dump collapsed in South Africa's North West province on Monday night, police said. Search and rescue... 

Johannesburg's water crisis angers voters, drives rich off-grid

Dry taps have become a daily frustration for residents of Johannesburg, a city haemorrhaging more than a third of its water supply, or an estimated 655 million litres (173 million gallons) a day,... 

South African rand steady ahead of labour data

The South African rand was steady in early trade on Tuesday ahead of the release of labour market data, with analysts expecting a modest uptick in the unemployment rate after rising fuel costs and... 

India's Hindustan Copper plans to sell copper concentrate sourced from Chile to Hindalco, Adani, sources say

State-run Hindustan Copper plans to sell copper concentrate produced by mines it is acquiring from Chile's Codelco to Hindalco and Adani, aiming to meet India's growing appetite for the red metal,... 

New ConocoPhillips CEO inherits $7bn cash flow pledge riding on Alaska oil project

Andy O'Brien will succeed longtime ConocoPhillips CEO Ryan Lance next month and will inherit a major Alaska oil project to complete, costs to control and a share price that has recently lagged... 

Glencore's exposure to Radiant World more than $500m, sources say

Glencore's exposure to Radiant World, a company with which the London-listed miner and trader has stopped doing new business, amounts to more than half-a-billion dollars, two sources familiar with... 

Chile to reinvest all of Codelco's 2025 profits in debt-laden copper miner

Chile will reinvest all of State-owned copper miner Codelco's 2025 profits into the company, Mining Minister Daniel Mas said on Monday, boosting funding for a producer grappling with a heavy debt... 

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...