Johannesburg pays debt to Eskom, averting risk of power being throttled

South Africa's biggest city Johannesburg has fully settled an overdue debt of R5.25-billion owed to State-owned power utility Eskom, the electricity department said on Friday. The settlement... 

Zinc hits four-year peak on supply fears and speculators

Prices of zinc in London hit their highest in more than four years on Friday as the accumulation of stocks in China, the world's biggest metals consumer, drove concerns about shortages elsewhere,... 

South African rand strengthens against weaker dollar, supported by gold gains

The South African rand strengthened on Friday as gold prices edged higher and remained on course for a third weekly gain, while a weaker US dollar and the US Treasury's bond buyback initiative... 

Peru aims for $33bn mining pipeline as Fujimori cuts red tape

Peruvian President Keiko Fujimori's government expects mining investments of at least $33-billion over its five-year term, the Prime Minister said on Thursday, as the major copper-producing nation... 

Canada says trade deal with US is 'very close,' more work needed

Canada and the US are "very close" to agreeing a trade deal that could help reduce months of tariffs and counter duties but more work remains to be done, a top Canadian official said on Thursday.... 

First gas from Australia's Beetaloo puts shale ambition to the test

Deep in Australia's Red Centre, gas is set to start flowing next month from the sprawling Beetaloo basin to Darwin 500 km (310 miles) north, in what developers hope kicks off the country's own... 

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... 

Ghana's mineworkers demand release of $34.5m in trapped savings

Ghana's union of mineworkers delivered a petition to the central bank on Thursday to demand more than 380-million cedis ($34.55-million) they say they are owed and that have been frozen since a... 

Radiant World lays off staff as lenders back away, Singapore police investigates

Iron-ore trader Radiant World has laid off some operations staff as banks and counterparties retreat, cutting off the credit the Singapore-based firm needs to fund its trades, according to two... 

Coal India plans Singapore trading hub in hunt for critical mineral assets, sources say

The world's largest coal producer, Coal India, is setting up its first overseas trading office in Singapore, aiming to diversify into trading iron-ore and critical and strategic minerals, two... 

South African rand flat as investors mull US Treasury move

The South African rand was flat in early trade on Thursday, as global investors avoided taking large positions while digesting a surprise US Treasury announcement aimed at supporting the bond... 

Mining operations in northern Chile continue despite heavy rains

Major mining operations in northern Chile continued as usual on Wednesday despite the heavy rains that hit the northern part of the South American country. President Jose Antonio Kast visited the... 

Central African Republic closes informal gold mine after collapse kills at least 49

Central African Republic authorities have ordered an artisanal gold mine near the Cameroonian border to be closed after the mines minister said 49 people had died there in a deadly collapse. Mines... 

Colombia coal output could rise 40% by 2030 with right measures, group says

Colombian coal industry association Fenalcarbon said on Wednesday the country's annual production could return to 90-million tons by 2030 if certain steps are taken, up from the group's 2026... 

Fortescue sees power sales from Pilbara green grid when demand emerges, declares lower dividend

Fortescue's green grid investment in Australia's northwest is set to provide surplus energy that it can sell to data centres as commercial demand develops, although it has yet to ink any supply... 

India's Aditya Birla Capital to enter gold loan market, targets 1 000 branches

Financial services company Aditya Birla Capital will enter India's gold loan market and plans to open about 1 000 dedicated branches over the next three years to expand its secured lending... 

Fortescue hires law firm to investigate sexual harassment allegations against senior executive

A senior executive under investigation for sexual harassment and bullying is still working at Fortescue while an inquiry is underway, the company's energy chief Gus Pichot said on Thursday.... 

Greater regulatory scrutiny no bar to mining mergers, bosses say

Mining bosses say that regulatory scrutiny of major mergers is increasing as governments pay closer attention to critical minerals and security of supply in the face of a volatile geopolitical... 

South Africa consumer inflation slows more than expected in July

South Africa's inflation rate slowed for the first time in five months in July, partly due to a steep drop in fuel costs, but analysts said it could soon climb again as renewed US-Iran hostilities... 

Indian steel mills face margin squeeze as global coking coal prices rise

Indian steel mills are facing mounting pressure on margins as higher coking coal prices, driven by supply disruptions in Australia and China and the Iran war, raise steelmaking costs, executives... 

Lundin Mining lowers 2026 copper outlook after second Chile storm

Canadian miner Lundin Mining said on Wednesday it had lowered its 2026 copper production forecast after a second severe winter storm hit its operations in Chile's Atacama region, delaying the... 

South African rand steady before domestic inflation data

The South African rand was little changed in early trade on Wednesday as investors awaited inflation data that is expected to show a moderation in price pressures. At 0615 GMT, the rand traded at... 

Chile's SQM beats quarterly profit estimates on higher lithium sales, prices

Chile's SQM, the world's second-largest lithium producer, beat second-quarter net profit estimates on Wednesday owing to higher prices and sales volumes. The company posted a net profit of... 

Canada's oil producers target late 2027 for Pathways carbon capture decision

Canada's biggest oil producers are targeting late 2027 for a final investment decision on their proposed six-million-tonne carbon capture and storage project, a key piece of the country's plan to... 

Australia's Whitehaven Coal posts 29% drop in annual profit, shares fall

Australia's Whitehaven Coal reported a bigger-than-expected 29% drop in annual profit on Wednesday, hurt by lower realised coal prices, sending its shares more than 4% lower even as the miner... 

Aluminium giant Rusal swings to first-half profit on higher commodity prices

Russian aluminium giant Rusal swung to a first-half adjusted net profit on Wednesday, driven by higher aluminium prices linked to heightened global volatility. The world's largest aluminium... 

Wanguo Gold to launch $701m convertible bond issue for overseas asset acquisitions

Hong Kong-listed miner Wanguo Gold Group said on Wednesday it had agreed to issue HK$5.50-billion ($701.18-million) worth of 0.75% convertible bonds maturing in 2027 to buy overseas gold mining... 

Mali gold output jumps 30% in first half, beating forecasts

Mali's industrial gold production rose about 30% in the first half of 2026, surpassing government forecasts and signaling a rebound from a difficult 2025 marked by tensions between the state and... 

Aramco and Maaden to form mineral exploration venture in Saudi Arabia

State oil giant Saudi Aramco and Saudi mining company Maaden plan to form a joint venture that will focus on mineral exploration and hard-rock mining in the kingdom, they said on Tuesday.... 

Nigeria's Dangote refinery IPO gets $1bn underwriting programme, advisers say

Two advisers on Dangote Petroleum Refinery's Initial Public Offering (IPO) on Tuesday announced a $1-billion underwriting programme for the offering, which could become Africa's largest. Marob... 

Indonesia's planned commodity exchange likely to cover palm oil, nickel, coal

Indonesia's planned exchange for "mineral and strategic commodities" will likely include palm oil, nickel and coal, a presidential spokesperson said as the government makes preparations to launch... 

Gold shows early signs of reclaiming safe-haven appeal after Iran war selloff

Gold's 9% rebound in August to around $4 400 an ounce suggests bullion is starting to regain favour with institutional investors and central banks, leaving the market better placed to extend gains... 

Chile's Codelco nears Pucobre deal as new leadership pushes partnerships, asset review

Chilean State miner Codelco is close to signing an agreement with local miner Pucobre on the Tovaku copper project in northern Chile, chairperson Bernardo Fontaine said in a television interview on... 

Glencore’s planned Australian debut draws interest as investors look past coal

Glencore could leap into top market indices within six months of listing in Australia as fund managers' copper appetite may outweigh concerns over thermal coal exposure, analysts and investors said... 

ExxonMobil awards $1.1bn in contracts for Mozambique's Rovuma LNG project

ExxonMobil said on Monday it has awarded about $1.1-billion worth of pre-investment contracts for certain upstream equipment for the Rovuma LNG Phase 1 project in Cabo Delgado. The US oil major... 

US proposes seabed mining auction off Northern Mariana Islands

The US Interior Department on Monday proposed a sale this year of deep-sea mining leases in US waters surrounding the Northern Mariana Islands, the latest step in President Donald Trump's push to... 

BHP profit tops estimates as copper powers growth, to pay highest dividend in 4 years

BHP Group reported better-than-expected full-year earnings and declared its highest annual dividend in four years, boosted by record copper prices that cemented the metal's lead over iron-ore as... 

BHP, Port Hedland unions fail to reach wage deal; talks to resume on August 25

The Combined BHP Ports Unions said on Tuesday that it had failed to reach an agreement with BHP on a wage deal for workers at its Port Hedland operations in Western Australia, with the two sides... 

Canadian miner NexGen Energy holds talks with BHP as it seeks $1bn for uranium project

Canadian uranium miner NexGen Energy is sharing information and "talking regularly" with mining giant BHP, about its Rook I mining project in Saskatchewan, CEO Leigh Curyer told Reuters when asked... 

Canada's OceanaGold to buy Ausgold for about $553m, expand Australia presence

Canadian gold and copper producer OceanaGold plans to acquire Australia's Ausgold in a deal valued at A$776-million ($552.74-million), the companies said on Monday. The deal represents a premium...