Indonesia to bring commodity exports under centralised control, President says

Indonesian President Prabowo Subianto said on Wednesday that his government will centralise exports of key commodities as part of efforts to boost state revenues and tighten the country's grip over... 

Barrick says no Ebola cases at Congo's Kibali mine but precautions under way

Barrick Mining has stepped up Ebola precautions at its Kibali gold mine in eastern Democratic Republic of Congo, launching worker screening and tracking measures after a nearby outbreak, a... 

Zambia State investment firm forms gold mining joint venture

Zambia's State investment firm ZCCM-IH said on Monday it had formed a joint venture with Mining Mineral Resources to explore for and mine gold, as the copper-producing African country seeks to... 

South African rand weakens as investors watch Middle East developments, await local data

The South African rand weakened on Tuesday as investors stayed cautious while monitoring developments in the Middle East after US President Donald Trump paused a planned attack on Iran. At 0730 GMT... 

Australian energy producers say gas review falls short on supply goals

Australian Energy Producers (AEP) chairperson Cecile Wake said on Tuesday that the government's gas market review falls short of its objective to boost supply. "We must avoid the 'false choice'... 

Valterra Platinum says input inventories are healthy despite Middle East conflict

South Africa's Valterra Platinum has managed to maintain healthy inventory levels of critical operational inputs, such as diesel and lubricants, despite uncertainty created by the US-Israeli war on... 

China's aluminium output surge tests capacity and demand limits

Chinese aluminum smelters are running hot and are starting to test both capacity constraints and limitations on demand. Daily output in the world’s biggest producer hit an all-time high of 129 000... 

IEA chief warns commercial oil inventories are depleting rapidly, only weeks left

Fatih Birol, head of the International Energy Agency, said on Monday that commercial oil inventories were depleting rapidly with only a few weeks' worth left due to the Iran war and the closure of... 

Ghana seeks to buy 30% of gold from miners to boost reserves, central bank

Ghana has asked large-scale gold miners to sell 30% of annual output to the central bank as part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say... 

Equinix faces challenge to Cape Town data centres over environmental concerns

A plan by US-listed Equinix to build two data centres in Cape Town should not be approved without full disclosure of its water, power and environmental impact, a formal objection lodged with city... 

Dangote raises planned investment in Ethiopia fertiliser project to over $4bn

Nigerian-billionaire Aliko Dangote's group of companies has increased planned investment in a fertiliser plant in Ethiopia to more than $4-billion from $2.5-billion announced last year. Dangote... 

Oil touches two-week high after drone attack on UAE nuclear power plant

Oil prices extended gains on Monday as efforts to end the Iran war appeared to have stalled, after a nuclear power plant in the United Arab Emirates came under attack and as US President Donald... 

China agrees to address US concerns over rare earth shortages, says White House

China will address US concerns about shortages of certain specialty rare earths caused by Beijing's export controls, the White House said on May 17 in a factsheet outlining the major deals agreed... 

India restricts most silver imports to cut import bill, support rupee

India has curbed imports of silver in nearly all forms with immediate effect, according to a government order issued on May 16, as the world's biggest consumer of the metal seeks to rein in... 

Anglo American to sell Australian coal mines for up to $3.8bn

Anglo American said on Monday it will sell its steelmaking coal mines in Australia to UK-based miner Dhilmar for up to $3.88-billion, exiting the sector, cutting debt and streamlining assets ahead... 

Goldman says central bank gold-buying stronger than thought, to reaccelerate

Central bank demand for gold has been stronger than previously estimated and is likely to pick up again into 2026, Goldman Sachs said on Friday, after revising its model to account for gaps in... 

Foreign buyers fuel illegal mineral trade in Nigeria, watchdogs warn

LAGOS – Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint government-civil society report... 

Ghana lease uncertainties threaten mining investment, mines chamber says

Ghana's mining investment climate risks being undermined by lease revocations, renewal delays and policy uncertainty, adding to cost pressures for miners, the head of the industry group has said.... 

Billionaire Chris Ellison cuts stake in Australian miner MinRes, shares down

Mineral Resources founder and billionaire Chris Ellison sold shares worth A$122.5-million in the Australian miner earlier this week, an exchange filing showed on Friday, sending its shares tumbling... 

China still drags its feet on rare earths sometimes, says Greer

Rare earth exports from China to the US are improving although Beijing is still slow to approve some shipments, US Trade Representative Jamieson Greer said on Thursday. China still drags its feet... 

India discounts soar to record high on import duty hike; China premiums firm

Gold discounts in India jumped to a record this week as a sharp import duty hike slowed demand and triggered investor selling, while investment demand kept Chinese premiums firm. Dealers in India... 

Chile taps new chair for copper miner Codelco amid production, debt concerns

Chile's government on Thursday tapped Bernardo Fontaine to replace Maximo Pacheco as chairperson of the world's largest copper producer, State-run Codelco, giving the economist and executive a key... 

Blast in coal mine in eastern India kills one, injures 11

One person was killed and 11 others injured after an air blast at an Eastern Coalfields (ECL) mine in Asansol in West Bengal state, local police said on Thursday. Around 120 workers were present in... 

Gold discounts in India breach $200/oz record amid profit-taking

Gold discounts in India widened to a record of more than $200/oz on Wednesday, as a surge in prices after the import duty hike triggered investor selling in an already weak demand environment,... 

Miner Sherritt expects filings delay after external auditor and finance chief leave

Sherritt International said on Wednesday its external auditor has resigned and finance chief has left, adding that these developments would delay first-quarter financial filings and could trigger a... 

Chinese firms warn Indonesia's nickel quotas, tax hikes threaten investment

Chinese companies operating in Indonesia are urging more business-friendly policies, warning tighter nickel ore quotas, higher taxes and a new pricing formula are driving up costs and threatening... 

BHP's China Jimblebar ore stocks hit five-month low after ban removal

Portside inventories of BHP's Jimblebar fines, a type of iron ore, in China slid to a five-month low after Beijing ended a months long dispute with the global miner, but the drawdown has not... 

S&P says it is watching South Africa coalition, Middle East conflict risks for wider Africa

South Africa faces a double blow from domestic political uncertainty and external headwinds, S&P Global Ratings said, adding that it is monitoring whether the country's coalition government can... 

EGC, EVelution Energy and Trafigura agree MoU for US–DRC cobalt supply chain

Entreprise Générale du Cobalt (EGC), EVelution Energy and Trafigura on Wednesday announced a memorandum of understanding (MoU) to set up a long-term supply framework for Congolese cobalt hydroxide... 

Equinox Gold to acquire Orla Mining to create $18.5bn gold producer

Equinox Gold said on Wednesday it would acquire Orla Mining in an all-stock deal to create a North American gold producer worth about $18.5-billion. US-listed shares of Orla Mining rose 3.4% in... 

Global oil supply to plunge below demand this year on Iran war, IEA says

Global oil supply will not meet total demand this year as the Iran war wreaks havoc on Middle East oil production, the International Energy Agency (IEA) said in its monthly oil market report on... 

India raises gold and silver tariffs to 15% to curb imports, support rupee

India has raised import tariffs on gold and silver to 15% from 6%, government orders said on Wednesday, as part of efforts to curb overseas purchases of the metals and ease pressure on the... 

Incoming BHP CEO to consider bolt-on acquisitions for growth

Incoming BHP CEO Brandon Craig will focus on securing growth options beyond 2035 by ramping up exploration, partnering with peers and making bolt-on acquisitions where they bring value, he said in... 

Trump, Xi to weigh rare earth truce extension, but China's curbs still bite

China and the US are considering extending a truce on Chinese rare earth export curbs at a leaders' summit this week, but Chinese customs data shows Beijing is still throttling shipments of the... 

Copper output from Chile's Codelco down 10% in March

SANTIAGO – Copper production from Chilean State-run miner Codelco fell 9.98% year-on-year in March to 110 900 metric tons, data from copper commission Cochilco showed on Tuesday. Production at... 

Africa CDC and Aspen Pharmacare aim to boost vaccine output in Africa

The African Union's public health agency and South African drugmaker Aspen Pharmacare are in talks on a long‑term framework aimed at boosting vaccine production on the continent, after the Covid‑19... 

EGA sticks to aluminium investment plans despite Iran war

LONDON – Emirates Global Aluminium is sticking with its investment plans to increase production and recycling of the metal despite the Iran war, the company's chief marketing officer said on... 

India, Russia in advanced talks on critical minerals pact, sources say

India and Russia are in advanced talks to sign a preliminary agreement on critical minerals covering exploration, processing and technological collaboration, two sources familiar with the matter... 

South Africa's official unemployment rate rises to 32.7% in first quarter

South Africa's official unemployment rate rose to 32.7% in the first quarter of 2026 from 31.4% in the fourth quarter of 2025, data from the statistics agency showed on Tuesday. Statistics South... 

CRU sees aluminium prices above $4 000/t due to Iran war

Aluminium prices are expected to be above $4 000 per metric ton between the third quarter of 2026 and the second quarter of 2027 due to a market deficit caused mainly by the Iran war, an analyst...