Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency

A massive long-term oil deal expected to grant the US access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling... 

Asia's diesel exports to Africa jump in August, replace Mideast supply, data shows

Asia's diesel exports to Africa are set to hit at least a four-and-a-half-year high in August, data from ship trackers and trade sources showed, as African buyers sought alternative supplies... 

China automakers target South Africa's EV buyers, pickup market at auto show

Chinese automakers launched a raft of electric, hybrid and pickup truck models at South Africa's biggest auto show, betting on growing demand for electrified vehicles and seeking to challenge... 

IDB Invest to back Posco Argentina lithium expansion with up to $700m

IDB Invest, the private-sector arm of the Inter-American Development Bank, will lead the financing of up to $700-million for a unit of South Korea's Posco Holdings to expand lithium production at... 

Alrosa posts H1 loss due to weak diamond market, strong rouble

Russian diamond miner Alrosa, the world's largest diamond producer, slipped into a loss in the first half of 2026 amid an ongoing industry crisis and a strong rouble, the company said on Thursday.... 

Argentina, Chile revive cross-border mining framework for investment

Argentina and Chile are seeking to unlock billions of dollars in mining investment by advancing legal and regulatory frameworks that would allow companies to share infrastructure and resources... 

Indian coal power plants have critical low fuel, government data shows

Forty five power plants in India are operating with critically low coal inventories, government data showed, as monsoon rains disrupt supplies and electricity demand rises amid hotter-than-usual... 

Mota-Engil profit jumps 24% on Africa, Latam growth; backlog hits record

Portugal's largest construction company, Mota-Engil, said on Thursday its first-half net profit rose 24% on robust growth and higher margins in Africa and Latin America, while its global order book... 

South African rand steadies ahead of producer inflation data

The South African rand steadied in early trade on Thursday as investors awaited domestic producer inflation data due later in the day, while the dollar traded in a narrow range ahead of the Jackson... 

Brazil's Vale studies extracting rare earths, gold from mining waste

Brazilian miner Vale is studying the possibility of extracting rare earths, gold and other minerals from mining waste as part of its circular economy strategy, a Vale executive said on Wednesday.... 

Australia's South32 annual profit jumps 55%, extends shareholder-returns programme

Australia's South32 on Thursday posted a 55% rise in annual profit, largely in line with market expectations, and extended its shareholder-returns programme, sending its shares to a more than... 

Boliden to buy Votorantim's 64.7% stake in Nexa Resources

Swedish miner Boliden said on Thursday it had agreed to acquire all of Brazilian group Votorantim's shares in zinc and silver producer Nexa Resources, giving it a 64.68% stake, and will bid for the... 

China Nonferrous Mining launches up to $300m convertible bond deal, term sheet shows

China Nonferrous Mining Corporation is launching a sale of up to $300-million of US dollar-denominated convertible bonds due 2031, according to a term sheet seen by Reuters on Wednesday. The Hong... 

EGA restarts quarter of reduction cells at Al Taweelah smelter

Emirates Global Aluminium (EGA) said on Wednesday it had brought a quarter of its Al Taweelah smelter in Abu Dhabi back online as the company works to recover from damage caused by an Iranian... 

IMF's Georgieva says global economy weathering energy shock, sees fiscal concerns

The global economy has weathered the Iran war energy shock better than feared, International Monetary Fund MD Kristalina Georgieva said on Tuesday, but she raised concerns about deteriorating... 

South African miners accelerate shift to renewable power to cut Eskom reliance

South Africa's mining firms are accelerating investment in renewable energy as they seek to diversify power sources, cut costs and meet decarbonisation targets, marking a shift after decades of... 

Brazil miner Samarco eyes regaining second-largest iron-ore pellet exporter spot in 2028

Brazilian miner Samarco, a joint venture between Vale and BHP, expects to regain the position of world's second-largest exporter of iron-ore pellets starting in 2028, the firm's CEO Rodrigo Vilela... 

AngloGold Ashanti to process all its Brazilian gold concentrate domestically

AngloGold Ashanti has resumed operations at a Brazilian plant shut down in 2022, allowing the miner to once again domestically process all the gold concentrate from its local mines, rather than... 

World braces as Trump's Canada tariff stand-off escalates, Reuters columnist says

The resurgent trade spat between US President Donald Trump and Canadian Prime Minister Mark Carney comes at a delicate juncture for both North American countries - and the global economy. Missteps... 

Australian Indigenous group appeals Fortescue mining compensation ruling, seeks $1.3bn

Australia's Yindjibarndi Indigenous group said on Wednesday it had lodged an appeal with the federal court over the amount of compensation awarded against Fortescue for mining on their lands... 

Lynas expands global footprint, eyes new rare earths supply deals

Australia's Lynas Rare Earths said it planned to grow its global supply chain on Wednesday, with discussions to secure new mine supply from project developers around the world and set up a magnet... 

Sinomine secures additional Zimbabwe lithium export quota

Sinomine Resource Group has secured an export quota for an additional 300,000 metric tons of lithium concentrate from Zimbabwe, the company has said. Zimbabwe, Africa's top producer of battery... 

Ghana bars unrefined artisanal gold dore exports from September 1

Ghana's GoldBod has ordered that artisanal gold dore purchased by self-financing aggregators for export must be refined locally from September 1, effectively banning exports of unrefined dore under... 

Iran war makes multibillion-dollar Tanzania LNG more attractive, Equinor says

The disruption to energy flows in the Strait of Hormuz is making it more attractive for Equinor to develop a long-stalled liquefied natural gas (LNG) export plant in Tanzania, the Norwegian company... 

Equinor hopes to make 'pretty big' Namibia oil discovery

Equinor hopes to make a "pretty big" oil discovery in Namibia's PEL 90 exploration licence, the Norwegian company said on Tuesday. Equinor last week announced it had bought a 17.4% stake in the... 

Woodside scraps clean energy target, posts 7% first-half profit rise

Australia's largest independent dedicated oil and gas company Woodside Energy on Tuesday abandoned a longer-term emissions target and $5-billion in planned clean energy spending by 2030 to focus on... 

Port Hedland unions place wage deal counterproposal to BHP ahead of September 8 talks

The Combined BHP Ports Unions has placed a counterproposal on a wage deal for workers at its Port Hedland operations in Western Australia ahead of their next meeting on September 8, it said on... 

New Sinopec boss presses reset for world's biggest oil refiner

Hou Qijun has set out to transform Sinopec, the world's largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world's worst oil crisis, when he could be... 

Rusal derailment in Guinea halts alumina exports, sources say

A train operated by Russian aluminium producer Rusal derailed in Guinea's Dubreka prefecture over the weekend, cutting rail access to its Friguia alumina refinery, halting alumina exports and... 

Ivanhoe gets $1.1bn US EXIM support for Arizona copper project

US minerals explorer Ivanhoe Electric said on Monday it had received a preliminary project letter from the US Export-Import Bank (EXIM) for potential debt financing of $1.1-billion to develop its... 

Ghana's GoldBod buyers hit by funding delays, sources say

Companies licensed to buy gold for Ghana's artisanal gold marketing agency GoldBod have not been paid for up to three weeks, forcing some operators to halt purchases or borrow to stay in business... 

France's Orano expands uranium search in Botswana

Botswana has granted three new uranium prospecting licences to Orano Mining, adding to the 15 licences already held by the French state-owned company, as the southern African country seeks to... 

US refiners face historic stress test as global crisis looms, Reuters columnist says

US refineries have operated near maximum capacity for the longest sustained period in over a quarter century,scrambling to capture windfall profits created by the Iran war. But history offers a... 

Six countries want EU talks in September on taxing windfall profits of oil companies

Six European Union countries want the 27-nation EU to discuss in September a mechanism to tax windfall profits of oil companies triggered by Iran's blockade of the Strait of Hormuz, a letter by... 

Indonesia will build trustworthy commodity exchange, chief supervisor candidate says

Indonesia's upcoming minerals and strategic commodity exchange would be built with infrastructure that can be trusted, the president's nominee to regulate commodity trading said on Monday. The... 

South African rand holds near multi-month high as Iran sanctions loom

The South African rand opened the week on a firm footing on Monday, hovering near its strongest level since the start of the Iran war, as a subdued dollar, higher gold prices and strength across... 

MMG confirms restart of operations at Las Bambas copper mine in Peru

Hong Kong-listed MMG confirmed on Monday it had restarted operations for its mine and process plant at its Las Bambas operations in Peru from August 21. Operations at the Las Bambas copper mine... 

Norway will drill in Arctic regardless of EU's position, says energy minister

Norway will continue developing its oil and gas resources in the Barents Sea regardless of the European Union's support for a moratorium on Arctic hydrocarbon supplies, and no longer sees itself as... 

British firm offers to restart mothballed Australian manganese smelter

Natrium Redox Technologies, a green technology startup based in Britain, said on Monday it had made a firm proposal to the Tasmanian government to acquire and restart Australia's only manganese... 

ECB chief Lagarde 'ready to serve' WEF, Swiss newspaper reports

Christine Lagarde, chief of the European Central Bank, could take over the presidency of the World Economic Forum at some point in 2027, Swiss newspaper NZZ reported on Sunday. At a board meeting...