Brazil to provide $3.7bn in credit for firms hit by US tariffs

The Brazilian government announced 18.5-billion reais ($3.66-billion) in financing for companies hit by the new US tariffs valid as of Wednesday, adding the resources will also target firms hurt by... 

India and Myanmar signal closer rare earth mining ties

India and Myanmar are working to deepen cooperation in the rare earths sector after visits to the southeast Asian country by Indian teams, with New Delhi seeking alternative supplies of a strategic... 

Oil climbs more than 2% to multi-week high as conflict threatens oil transit routes

Oil prices rose to their highest in almost six weeks on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of... 

Congo presses ahead with local ownership rule for miners despite industry concerns

Democratic Republic of Congo will begin enforcing a long-delayed requirement for mining companies to offer local ownership stakes from July 31, the mines ministry said, despite concerns from some... 

Senegal's 'Pink Lake' recovers its rosy hue, reviving salt trade

Standing waist-deep in the waters of Senegal’s famed Pink Lake, Seydou Toure uses a shovel to scrape salt from the lakebed that he will later sell to tourists and traders. It’s a way of life that... 

South Africa inflation jumps more than expected in June

South African inflation picked up more sharply than expected in June, bolstering expectations that the central bank will deliver a second consecutive interest rate hike on Thursday. Annual headline... 

South Africa's data centre 'gold rush' risks resource crunch

Rapid expansion of data centres has helped make South Africa the continent's biggest digital hub, even as critics warn the industry's appetite for electricity and water could worsen shortages... 

Pepkor to combine Flash with Shop2Shop, eyes future listing for new fintech unit

South African retailer Pepkor Holdings said on Wednesday it will combine its fintech subsidiary Flash with payments platform Shop2Shop in a deal valuing the merged business at around R21.3-billion.... 

Norsk Hydro tops Q2 profit view as higher prices offset Qatar hit

Norwegian aluminium producer Norsk Hydro reported a quarterly core profit above market expectations on Wednesday, as higher aluminium prices and stronger recycling margins outweighed weaker energy... 

Grupo Mexico profit beats estimates on higher copper prices

Mining and transportation conglomerate Grupo Mexico said on Tuesday its second-quarter net profit rose nearly 79% from the same period a year earlier, bolstered by higher copper prices and well... 

Rio Tinto signs five-year bio pellet deal with SuperChar to cut alumina refinery emissions

Rio Tinto said on Wednesday it had signed a five-year deal with Australian bioenergy firm SuperChar to supply bio pellets to the miner's alumina refineries in Gladstone, supporting its shift toward... 

Australia's Lynas flags cost overrun after revenue miss, shares tumble

Australia's Lynas Rare Earths on Wednesday warned of a cost overrun at its heavy rare earths expansion project in Malaysia after reporting fourth-quarter revenue below analyst expectations, sending... 

Vale posts largest second-quarter iron-ore output since 2018

Brazilian miner Vale posted on Tuesday its largest second-quarter output figure since 2018, with production of the steelmaking material rising 0.8% from a year earlier and coming above analysts'... 

Zimbabwe adds freight rail option to lithium export gateway

Zimbabwe's State-owned railway company said on Tuesday its collaboration with private operators now provides capacity to haul lithium concentrate to Maputo port in Mozambique by rail, expanding... 

IEA says substantial emergency oil stocks remain after record release

The International Energy Agency's (IEA) member countries still hold substantial emergency oil stocks in reserve despite the largest coordinated release of strategic reserves on record, it said on... 

AI could lift Sub-Saharan Africa economy 4% if power, internet improve, IMF says

Artificial intelligence could boost Sub-Saharan Africa's economy by about 4% over the next decade with better electricity supply, internet access and digital skills, an International Monetary Fund... 

Boliden lags Q2 forecasts as mine disruption, smelter ramp-up delay weigh

Swedish miner Boliden reported a weaker-than-expected quarterly adjusted operating profit, sending its shares 3% lower on Tuesday, hit by higher costs, disruption at its Garpenberg mine (Sweden)... 

ADNOC greenlights $6.2bn Umm Shaif Gas Cap project

Abu Dhabi's State energy company Abu Dhabi National Oil Company (ADNOC) has taken a $6.2-billion final investment decision (FID) to develop the Umm Shaif Gas Cap, in an acceleration of its... 

China lithium prices hit five-month low on expectations of oversupply in 2027

China's lithium futures prices sank to a five-month low on Tuesday on expectations of oversupply of the electric vehicle battery metal in 2027, even as near-term demand remained strong, according... 

China's world-leading renewable megabases rely on coal-heavy transmission, report finds

China is building more large-scale wind and solar than the rest of the world combined, but inadequate transmission links and a continued reliance on coal-fired power are limiting its use, according... 

Goldman sees Brent exceeding $120/bbl in Q4 if Hormuz disruptions persist

Goldman Sachs said on Monday that Brent crude could top $120 a barrel in the fourth quarter this year and average $100 a barrel next year if flows through the Strait of Hormuz remain disrupted and... 

Trump says he signed proclamation to adjust tariffs on aluminum imports

President Donald Trump said on Monday he signed a proclamation to adjust tariffs on imports of aluminum into the US, adding the domestic production of primary aluminum in the US was currently... 

China's steel sector looks weaker than it is, reverse for iron-ore - Reuters

China's steel sector presents something of a dilemma in trying to work out if it is soft and likely to continue to weaken, or whether it is actually performing quite strongly given the subdued... 

BHP resumes negotiations with Port Hedland iron-ore unions

BHP and unions representing workers at Western Australia's Port Hedland, the world's largest iron-ore export hub, edged closer to a deal on Tuesday, though talks ended without an agreement and will... 

Biggest independent European oil, gas producer to emerge from Vaar Energi, BlueNord deal

Norway's Vaar Energi said on Tuesday it will buy smaller Oslo-listed rival BlueNord to form Europe's largest independent oil and gas producer in a deal worth around $1.33-billion that sent shares... 

Eramet signs MoU with Gabon on manganese ore processing

Eramet and its Gabonese subsidiary Eramet Comilog signed a memorandum of understanding (MoU) on Monday with the Gabonese government, targeting a road map to enable the processing of up to 700... 

Zinc expected to retreat in 2026 as weak demand offsets supply fears

Zinc prices are expected to retreat from recent highs over the rest of the year as lacklustre demand offsets supply disruptions, analysts say. The metal used to galvanise steel is up more than 13%... 

Magnolia Oil & Gas to buy WildFire Energy in $4bn deal

Magnolia Oil & Gas said on Monday it had agreed to acquire WildFire Energy for about $4.06-billion, including debt, to expand its position in the Giddings field in South Texas. The deal includes... 

China’s sulphuric acid exports all but vanish in June, plunging 99%

China’s sulphuric acid exports plunged more than 99% in June following a move to halt overseas shipments, leaving Chile and Indonesia, its two biggest buyers last year, without any cargoes, customs... 

USA Rare Earth CEO Humpton to retire, Serra Verde's Moraitis to succeed

USA Rare Earth said on Monday that Barbara Humpton will retire as CEO and board director effective October 1, with Serra Verde CEO Thras Moraitis set to succeed her. Brazilian rare earths miner... 

India says coal power plants have adequate stocks despite rising demand

India's coal-fired power plants have sufficient coal stocks to run for about two weeks at higher operating rates, easing concerns about fuel shortages amid rising electricity demand and... 

Iran to restore 100-million cubic metres of lost gas output in coming months, official says

Iran expects to restore around 100-million cubic metres a day of natural gas production capacity within the coming months, a senior government official said on Monday according to the oil... 

New Zealand gas exploration interest picks up after years in doldrums

Seven oil and gas players are racing to secure offshore exploration rights in New Zealand ahead of a national election that could lead to a ban on new permits, as the country's major parties battle... 

Forget crude, war pushes refiners to the brink - Reuters

The global oil refining industry is flashing warning signs. The supply chain for the products that fuel the global economy is under growing stress as conflicts in the Middle East and Russia ripple... 

Irving Oil's refinery in New Brunswick to begin fall turnaround in September

Irving Oil's 320 000-barrel-a-day refinery in Saint John, New Brunswick, will begin a two-month turnaround in September, the company said on Friday. The fall turnaround project, is expected to... 

South32 Q4 copper output declines, missing market estimates

Australian diversified miner South32 reported lower fourth-quarter copper production on Monday, missing market estimates, as impacts from inclement weather continued to hamper mining operations at... 

Australia's EQ Resources surges as billionaire Andrew Forrest takes 16.8% stake

Shares of EQ Resources jumped more than 34% on Monday after the tungsten producer said Australian mining billionaire Andrew Forrest would acquire a 16.8% stake in the company. Wonongarra, an... 

Botswana says Anglo picks De Beers buyer, weighs options for 'optimal structure'

Anglo American has chosen a preferred buyer for its stake in diamond producer De Beers, with Botswana weighing whether to exercise its right of first refusal either on its own, with Anglo's chosen... 

Zimbabwe's sole lithium salt plant unable to process third-party metal, official says

Zimbabwe's sole lithium sulphate plant, owned by China's Zhejiang Huayou Cobalt, currently has no capacity to process minerals from other producers, an official said on Friday ahead of a... 

LNG exports set to add $1.4trn to US GDP through 2040, S&P Global Energy says

Liquefied natural gas (LNG) is poised to become the US' second-largest net export industry within five years, adding nearly $1.4-trillion to its GDPthrough 2040, according to an S&P Global Energy...