South African central bank raises key rate by 25 basis points

South Africa's central bank raised its key interest rate by 25 basis points to 7% on Thursday, saying the decision was aimed at managing risks and ensuring that inflation returns to target. The... 

Phala Phala impeachment committee to meet on Monday

South Africa's parliament has scheduled for Monday a meeting of an impeachment committee that will further probe allegations surrounding President Cyril Ramaphosa's "Farmgate" scandal, the... 

Copper braces for another round of US tariff roulette, Reuters says

Another round of tariff impacts are in store for copper, a Reuters columnist reports, as the deadline for a US decision on whether to impose tariffs on refined copper imports looms at the end of... 

Canada inks first LNG supply agreement with Germany's SEFE for British Columbia project

Canada and Germany’s State-owned energy firm SEFE said on Wednesday they had reached what Canada described as its first liquefied natural gas (LNG) supply deal with a European buyer, underscoring... 

Gold prices pare losses after US inflation data

Gold trimmed losses on Thursday following the release of US April inflation data, but prices were still down for a third straight session as skepticism over a US–Iran deal clouded the interest rate... 

Invictus Energy signs Zimbabwe gas deal for its Cabora Bassa gas project

Australia's Invictus Energy signed a petroleum production sharing agreement (PPSA) with Zimbabwe on Wednesday, a key step as it looks to advance its Cabora Bassa gas project, company executives... 

Ghanaians repatriated from South Africa after anti-immigrant protests

Ghanaian nationals queued at Johannesburg's OR Tambo International Airport early on Wednesday to board one of the first flights home after waves of anti-immigrant protests in South Africa... 

BlackRock sees merit in large-scale mining M&A

BlackRock would back consolidation among large miners because it would open the sector to generalist investors at a scale that would make it easier to bring on large and complex projects needed for... 

AustralianSuper says possible Glencore listing on ASX would be positive

Pension fund AustralianSuper on Wednesday said if Glencore decides to list shares on the ASX, it would be "positive" for both the bourse and the Swiss-based commodities trader and miner. "If they... 

Trump raises refugee ceiling by 10 000 to bring in more white South Africans

US President Donald Trump increased the refugee admissions ceiling by 10 000 for this year to allow more white South Africans to come into the country, a signed presidential determination reviewed... 

South African rand steady as traders eye Middle East tensions

The South African rand was steady in early trade on Wednesday as traders cautiously assessed geopolitical developments after Iran accused the United States of violating a fragile ceasefire by... 

South Africa targets January 2027 for revised AI policy after earlier withdrawal

South Africa's communications minister established an independent panel of experts to review a draft national policy on artificial intelligence, after an earlier version was withdrawn when it was... 

Ramaphosa challenges panel report on cash-in-sofa scandal in court

President Cyril Ramaphosa has filed a legal challenge against a panel report that found he may have committed misconduct in a scandal in which bundles of cash were stolen from a sofa on his farm,... 

MinRes, Jiangxi Ganfeng to invest $351m in Mt Marion lithium project

Australia's Mineral Resources (MinRes) said on Tuesday it has reached a final investment decision, alongside its joint venture partner Jiangxi Ganfeng Lithium, to invest about A$490-million... 

Strong Chile earthquake shakes mining hub, but damage is minimal

A strong earthquake struck Chile's important mining region of Antofagasta on Monday afternoon, disrupting operations at some mines but ultimately sparing lives and critical infrastructure,... 

China's weak steel output, strong iron-ore imports show structural shift

The contrast between China's weak steel production but robust iron-ore imports is continuing and is starting to look like a structural shift rather than a temporary dislocation. China, which... 

Australia-India-Japan-US Quad unveil pact on critical minerals

The foreign ministers of Australia, India, Japan and the US agreed to jointly build a port in Fiji and signed pacts covering critical minerals and energy security, as they sought to inject fresh... 

Congo suspends mining activities in parts of South Kivu province

The Democratic Republic of Congo has imposed a three-month suspension of mining activities in parts of the country's South Kivu province, a mines ministry directive showed. The suspension was in... 

Ghana commits to renewing Gold Fields Tarkwa lease but rules out automatic extension

Ghana's government is committed to renewing the mining lease for Gold Fields' Tarkwa mine, it said on Monday, adding that it will subject the South African miner to fresh scrutiny of its plans... 

Landslide at Angola illegal gold mine kills 28

At least 28 people were killed when a landslide struck an illegal gold mining site in Angola's northwestern Bengo province, local authorities said, in one of the country's deadliest illegal mining... 

Draft Australian LNG policy draws ire from industry

The Australian government on Monday released a draft of its liquefied natural gas (LNG) export rules for consultation, looking to clarify its new 20% domestic reservation rule but drawing criticism... 

Chinese firms speed up plans to build new coal power plants - GEM

Chinese firms are accelerating the pace at which they propose new coal-fired power plants, even as the government moves to rein in growth after the rapid expansion in recent years. Companies... 

Warning lights flash as aluminium reels from Gulf shock

The Iran war is shaping up to be one of the biggest supply shocks in the history of the aluminium market. Gulf production of the metal, which is used across sectors as diverse as transport,... 

Coking coal prices surge after China's worst coal mine disaster in 17 years

China's coking coal futures prices surged by nearly 8% to hit their daily upper limits after a deadly coal mine accident in a major coal production hub sparked a wave of stringent safety checks... 

Indonesia coal export shake-up rattles miners, traders

Indonesia's plan to route coal exports through a state firm has rattled traders and miners in the world's largest exporter over its viability, at a time when liquefied natural gas (LNG) supply... 

China cuts Japan off from some materials amid diplomatic spat

China has cut Japan off from several heavy rare earths and other materials for at least four months, coinciding with a dispute between the two countries over Taiwan, suggesting Beijing is using its... 

Mongolia's coal shipments to China surge 61% in April, overtaking Indonesia

China's coal imports from Mongolia surged 61% in April, propelling it ahead of Indonesia, which is traditionally the world's largest coal exporter and has long been China's top supplier of the... 

Zambia's Konkola reopens Chingola copper mine after 18-year shutdown

Zambia's Konkola Copper Mines resumed mining at its Chingola "B" Mine on Thursday, 18 years after operations ceased, as Africa's second-largest copper producing nation pushes to more than triple... 

Deep under China's coal basins, PetroChina is unlocking gas from rocks

Thousands of metres below its vast coal basins, China is tapping an unconventional fuel source in a multi-billion-dollar effort to unleash new supplies of natural gas and further Beijing's goal for... 

Europe must break China's grip on rare earths pricing to spur investment, sector body says

Europe must build its own pricing system for specialty metals and rare earths to reduce reliance on China and unlock investment in mining and processing, Bernd Schaefer, CEO and managing director... 

Australia's Arafura approves $1.6 billion rare earths project

Arafura Rare Earths said on Thursday it had approved the development of its $1.6-billion Nolans project in Australia's Northern Territory, which is set to be the country's third-biggest rare earths... 

Geely to launch first petrol model in South Africa, targets 10-vehicle lineup

China's Geely plans to launch its first internal combustion engine (ICE) vehicle in South Africa, part of a broader push to expand its lineup there to about ten models by the end of 2026, a senior... 

Eskom in early talks with World Bank, other funders for nuclear expansion

South Africa's state power utility Eskom is in exploratory talks with the World Bank over funding for a multibillion-dollar nuclear programme that could be launched within 12 months, a senior... 

EU shortlists tungsten, rare earths for first stockpile to curb China reliance

The European Union has shortlisted tungsten, rare earths and gallium for its first joint stockpile of critical minerals aimed at reducing its reliance on China, three sources familiar with the... 

South Africa consumer inflation quickens to 4.0% y/y in April

South African inflation accelerated sharply in April, increasing the likelihood that the central bank will hike interest rates when it meets to assess its monetary policy stance next week. Headline... 

China says rare earth controls lawful, will cooperate with US on 'reasonable' concerns

China will work with the US on "reasonable" concerns regarding its rare earth export controls, the Ministry of Commerce said on Wednesday, in a statement that defended its restrictions as... 

South Africa's biggest city could have power supply throttled over unpaid debts

South Africa's biggest city and economic hub Johannesburg could have its power supply throttled by state-owned electricity company Eskom over unpaid debts, Eskom said on Tuesday. Engineering News... 

Rwanda says Mozambique has secured funds for it to continue Cabo Delgado mission

Rwanda's foreign minister said on Tuesday that Mozambique had secured the funds for Rwanda's army to continue its deployment in the insurgency-hit and gas-rich Cabo Delgado province.  Rwanda sent... 

South African rand steady before local inflation reading

The South African rand was steady in early trade on Wednesday, ahead of the release of inflation data which is expected to reflect pressures from the war in the Middle East. At 0619 GMT the rand... 

Brazil proposes three-phase carbon market rollout starting 2027

Brazil's Finance Ministry on Tuesday released a preliminary proposal for phased sectoral coverage of the country's regulated carbon market, outlining which industries will be required to report...