US offers first funding for private ammonia project in Western Sahara

The US Trade and Development Agency said on Tuesday it had agreed to fund early-stage studies for a project aimed at producing ammonia in Western Sahara, marking the first US government financing... 

Rio Tinto posts highest H1 earnings in four years as data centre boom boosts copper

Global diversified miner Rio Tinto posted its highest half-year underlying earnings in four years on Wednesday as performance from its copper and aluminium units tied to energy demand outshone... 

US-Saudi consortium advances plans for $5bn Gulf refinery

The MERA Oil consortium of US and Saudi Arabian companies is advancing plans for a $5-billion integrated refinery and export corridor in the Gulf aimed at boosting regional energy infrastructure,... 

S&P Global to buy majority stake in African ratings agency Agusto & Co

S&P Global has agreed to acquire a majority stake in pan-African ratings agency Agusto & Co, seeking to deepen its presence in Africa's domestic credit markets, it said on Tuesday. Agusto & Co will... 

US backs Madagascar rare earths project in push to loosen China's supply chain grip

The US is backing the Ampasindava rare earths project in Madagascar as part of its strategy to loosen the dominance of rivals in critical minerals supply chains, the State Department has said,... 

South African army chief visits Moscow, agrees to strengthen military ties

Lieutenant General Lawrence Mbatha, the chief of the South African Army, held talks with Russian counterparts on Tuesday during a visit to Moscow which his hosts said resulted in an agreement to... 

BHP, Port Hedland union wage talks end without deal, more talks planned

Wage negotiations between BHP and unions representing Port Hedland workers at the miner's iron-ore operations wound up on Tuesday without agreement, with more talks scheduled over the coming week,... 

Whitehaven Coal logs 2026 output at top end of guidance, sees costs at low end

Australia's Whitehaven Coal said on Tuesday its yearly output and sales landed near the top of guidance range as its Queensland mines recovered, while full-year costs were set to come in near the... 

Australia plans first domestic oil refinery in 60 years to boost fuel security

Australia will consider building its first new oil refinery in more than 60 years, Prime Minister Anthony Albanese said on Tuesday, as war in the Middle East squeezes supplies from overseas and... 

Citi maintains bullish copper price targets on supply pressure

Citi maintained on Monday its bullish copper price targets through the end of the year, citing tighter physical markets and supply pressure in China. The bank held its $14 500 per metric ton zero-... 

Coal India misses profit view on weak volumes, higher costs

Coal India, the world's largest coal miner, missed first-quarter profit expectations on Monday, on weaker production volumes and higher costs. Here are the details from the company's earnings report: 

Gold Fields files Tarkwa gold lease proposal with Ghana government

Gold Fields submitted a "lease-renewal proposal" to Ghana this month for its Tarkwa gold mine, the company said on Monday. The South African miner seeks to secure the long-term future of one of its... 

South Africa adds Angolan kwanza to regional cross-border payment system

South African Reserve Bank Governor Lesetja Kganyago said on Monday that the Angolan kwanza has become the first new settlement currency added to the Southern African regional payment system since... 

Fury Gold resumes drilling at Quebec's project after wildfire halt

Fury Gold Mines said on Monday that exploration and drilling activities have resumed at the Eau Claire project in Canada's northern Quebec after a wildfire near the project halted operations. The... 

Sundance Resources says it has won $616m Cameroon arbitration over iron-ore project

Sundance Resources has won an International Chamber of Commerce arbitration against Cameroon, with a tribunal awarding the Australian miner about $616-million in damages, interest and costs over a... 

Indonesia seeks to resolve mineral export bottlenecks caused by rare earth content

Indonesia's presidential staff office has called for cooperation between government agencies, law enforcement officials and industry to resolve mineral shipment bottlenecks caused by a lack of... 

LME aluminium stocks fall to lowest this century

Aluminium stocks on the London Metal Exchange have slumped to their lowest this century as supply constraints in the war-hit Middle East leave consumers drawing down inventories to secure metal.... 

Rio Tinto, Western Australia agree to sell desalination plant to Yindjibarndi WaterCo

Rio Tinto said on Monday it had agreed with the Western Australian government to sell their joint venture stakes in the Dampier Seawater Desalination Plant to Yindjibarndi WaterCo. The plant, now... 

Fortescue chair calls for fair negotiations with China

Fortescue founder Andrew Forrest called for China and Australia to "always negotiate fairly," at an event in Perth on Monday, as the world's fourth-largest iron ore maker negotiates annual supply... 

Godongwana to appoint new board at PIC

Finance Minister Enoch Godongwana said on Friday he would appoint a new board for the Public Investment Corporation (PIC) after a series of board resignations at the state-owned asset manager.... 

Africa facing $10bn to $20bn economic hit from 'super' El Niño, AfDB climate chief warns

An impending "super" El Niño is likely to inflict a combined $10-billion to $20-billion hit on affected African countries and trigger mass migration from hard-hit areas, the African Development... 

Mali's gold output seen staying below 60 tons through 2029, ministry plan shows

Mali's industrial gold production is expected to remain below 60 metric tons annually through 2029, according to a mines ministry plan seen by Reuters, extending a decline that followed the... 

Japan identifies large share of rare earths in deep-sea mud off remote island

An analysis of rare earth-rich mud retrieved from the deep seabed off a remote Pacific Island earlier this year found medium and heavy rare earth elements accounted for about 54% of the total rare... 

China's CiDi eyes overseas sales of autonomous mining machines this year

CiDi, the Hong Kong-listed Chinese autonomous mining equipment maker, expects overseas deployments to grow this year as it expands beyond China, CE Albert Hu told Reuters. CiDi has equipped... 

Sweden declares mining national security interest to counter dependence on China

Sweden's government declared mining of critical metals and rare earth minerals a national security interest on Thursday, saying a new mining strategy was needed to counter the dependence on China.... 

Canada's Enervoxa plans India rare earths project, may tie up with Vedanta, NALCO

Canadian climate technology developer Enervoxa plans talks with India's Vedanta, Hindalco Industries and State-run NALCO as it looks to set up a processing plant in the country to extract rare... 

Chile investigates Antofagasta's Los Pelambres mine after water discharge from rains

Chile's Antofagasta Minerals said on Thursday its flagship Los Pelambres copper mine remains safe after Chile's environmental regulator opened an investigation into a water discharge incident... 

Newmont tops profit estimates on higher gold prices, sees steady output

Newmont, the world's biggest gold miner, beat second-quarter profit estimates on Thursday after a rally in bullion prices outweighed the impact of lower output, while it forecast steady production... 

Eni-Petronas JV starts floating gas facility build for North Hub in Indonesia

Searah, the joint venture energy company formed by Italy's Eni and Malaysia's Petronas, has started developing a floating gas facility to process gas from its $11.8-billion North Hub project in... 

Trump imposes forced labor duties on 60 trading partners as 10% US tariffs expire

The Trump administration on Friday imposed new tariffs of 10% and 12.5% on goods from 60 trading partners, including the European Union and China, over allegations of lax enforcement of forced... 

Masondo resigns as PIC chairperson

Deputy Finance Minister David Masondo has resigned as the chair of the board of directors of State-owned asset manager the Public Investment Corporation (PIC), he said on Thursday. The asset... 

USA Rare Earth seals deal to buy stake in French processor Carester

USA Rare Earth finalised a deal on Thursday to buy a minority stake in France's Carester that will provide funds for expansion of a processing plant due to open later this year. The move is part... 

Vale to remove board member over alleged information leak

Brazilian miner Vale's board has decided to remove boardmember Marcelo Gasparino da Silva for allegedly leaking confidential information from a June 19 meeting, the company said late on Wednesday.... 

Freeport-McMoRan beats quarterly profit estimates on higher copper prices

Freeport-McMoRan beat Wall Street estimates for second-quarter profit on Thursday, as higher copper prices offset lower production at its Grasberg mine in Indonesia. Shares of the company were up... 

Global power demand to accelerate in 2026 and 2027, IEA says

Global electricity demand is expected to continue to grow faster in 2026 and 2027, with renewables expected to take over as the world's largest source of electricity generation in 2026, the... 

Guinea first-half bauxite exports hit record high on Chinese demand

Guinea's bauxite exports jumped 15% to a record high in the first half of 2026, official data showed, driven by robust Chinese demand despite mounting pressure on smaller producers from rising fuel... 

Middle East war deepens 2026 oil deficit outlook, but 2027 glut still looms

The conflict in the Middle East has deepened forecasts of a global oil deficit in 2026, according to a Reuters poll of analysts, but recovering Gulf flows, robust US production and weaker demand... 

Anglo flags first-half loss at diamonds, coal units; cuts copper cost outlook

Anglo American reported broadly flat first-half copper production on Thursday and lowered its 2026 copper cost guidance, but said its diamonds and steelmaking coal businesses are expected to post... 

Glencore plans large LME lead withdrawals after stocks surge, sources say

Commodity trader Glencore plans to withdraw 30 000 tons of lead from London Metal Exchange (LME) warehouses, two industry sources said, after inventories of the battery metal ballooned to record... 

Critical mineral refiner Nth Cycle to list on NYSE in $585m SPAC deal

US-based critical mineral refining company Nth Cycle said on Wednesday it would go public through a merger with special purpose acquisition company (SPAC) Kensington Capital Acquisition. The...