South Africa's Traxtion bets on regional rail reforms and mineral boom

South African rail services provider Traxtion is positioning itself to profit from a regional mineral boom and sweeping reforms across the continent that are opening up freight rail networks to... 

Chile's Codelco shuffles leadership as new CEO tightens mining oversight

Chilean state miner Codelco unveiled a sweeping management reshuffle on Friday, installing a senior executive at its troubled El Teniente mine and reorganizing oversight of its operations. The... 

Canadian Minister says Canada, US far apart on draft trade deal, source says

Canada and the US are still far from reaching a draft trade deal despite regular meetings, Dominic LeBlanc, the Canadian Minister responsible for trade with the US, told an advisory committee on... 

Fortescue's Super Special Fines iron-ore stocks at China ports at five-week high, traders' data shows

Stocks of Fortescue's Super Special Fines, a type of lower-grade iron-ore, held at Chinese ports have surged to a five-week high following a ban from Beijing on the brand, according to calculations... 

South Africa's top court blocks Shell's Wild Coast exploration plans

South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local... 

Chile says revived Argentina mining treaty could unlock $20.7bn, boost copper supply

Chilean Mining Minister Daniel Mas said on Thursday that reviving a mining integration treaty with Argentina could unlock more than $20.7-billion in investment and add 540 000 metric tons of copper... 

BHP's Escondida urges regulatory certainty in Chile to boost copper investment

The head of BHP-controlled Escondida, the world's largest copper mine, on Thursday urged Chilean authorities to provide legal, regulatory and tax certainty to help copper mining projects move... 

China's CMRG asks some traders to buy iron-ore on its platform, sources say

China's State-run iron ore buyer has asked some domestic traders to buy cargoes on its own trading platform, sources said, in a move to reinforce its control over trading and pricing of the key... 

Norsk Hydro's Alunorte ramps up production after deal with gas supplier

Norsk Hydro's Alunorte refinery in Brazil has started ramping up alumina production to full capacity after reaching a temporary agreement with its gas supplier, the Norwegian company said on... 

STG buys large amount of aluminium from Radiant World, sources say

STG, a trading company funded by principals of the US hedge fund Squarepoint, has bought a large amount of aluminium from Radiant World as the commodity trading house sells off inventory to raise... 

India's Jharkhand state CM urges Modi to rethink mining bill, citing revenue hit

The Chief Minister of the Indian State of Jharkhand has urged Prime Minister Narendra Modi to reconsider a bill that would restrict States' ability to levy charges on mining activities. In an... 

Aluminium on thin ice as LME stocks hit 36-year low, Reuters says

London Metal Exchange (LME) stocks of aluminium have slumped to their lowest level since 1990, attesting to the supply-chain dislocation caused by the Iran war. Gulf production of primary... 

Indonesia's Prabowo says new State firm's role is to monitor key commodity exports

Indonesian President Prabowo Subianto said on Friday that a new State export firm will monitor key commodity shipments and its role will be expanded, but said it would not take over control of... 

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,...