Grupo Mexico posts Q1 profit surge to $1.7bn

Mining and transportation conglomerate Grupo Mexico on Tuesday reported a 57% profit jump in the first quarter from the same period the previous year, helped by an increase in silver and zinc... 

Vale posts 36% rise in Q1 profit on more sales, higher prices

Vale, one of the world's largest iron-ore producers, on April 28 posted a 36% increase in its first-quarter net profit as it boosted sales volumes and benefited from higher prices for its products,... 

South African rand slips ahead of Fed decision amid Iran war uncertainty

The South African rand weakened in early trade on Wednesday as investors waited for the US Federal Reserve’s interest rate decision later in the day, watching for clues on the economic fallout from... 

Australia offers first gas exploration permits in a decade

Australia’s New South Wales opened its first new areas for gas exploration in a decade on April 29, slashing application fees from A$50 000, or $35 815, to A$1 000 in a bid to revive a domestic... 

Gold miners set to stay in Mali despite attacks, industry sources say

International mining companies are likely to keep investing in Mali, one of Africa's most resource-rich countries, even though attacks on Saturday that killed the defence minister have increased... 

Egypt aiming for massive expansion in solar power capacity over next decade

Egypt was opting big time for solar photovoltaic (PV) energy, to both expand and diversify its energy matrix, UK-based data analysis and intelligence company GlobalData has highlighted, in its most... 

China's Huayou reports first lithium salt exports from Zimbabwe

Zhejiang Huayou Cobalt has shipped Africa's first consignment of lithium sulphate from its Zimbabwe mine, two months after the country halted exports of lithium concentrates, alleging malpractice... 

China's State iron-ore buyer allows purchases of previously banned BHP portside cargoes, sources say

China's State iron-ore buyer has lifted its ban on purchases of certain BHP ore products that had piled up at ports, four sources with knowledge of the matter said on April 28. BHP Group, the... 

Ecuador signs $1.7bn mining deal with China's CMOC Group

The government of Ecuador has signed a mining contract with the local subsidiary of China's CMOC Group for the Los Cangrejos gold and copper project, Ecuador's energy ministry said on April 27,... 

Australia's Whitehaven Coal posts quarterly output rise, sees higher coal prices

Whitehaven Coal met market expectations for third-quarter production as reported on April 28, helped by its New South Wales open-cut mines, and forecast higher long-term prices for both... 

Congo launches $100m US-backed mining guard to secure sites

KINSHASA – Democratic Republic of Congo’s mines inspectorate said on Monday it had created a paramilitary mining guard to secure mining sites and mineral supply chains, as the world’s top cobalt... 

South Africa withdraws AI policy due to fake AI-generated sources

South Africa has withdrawn its first draft national AI policy after revelations that it contained fictitious sources in its reference list which appeared to have been AI-generated. "The most... 

South Africa plans exchange control revamp to attract billions in investment

South Africa has proposed a sweeping overhaul of its decades-old rules governing money flows, including tightening its control on crypto assets, seeking to bolster its position as a financial hub... 

AFC targets end-2027 financial close for Lobito's Zambia railway

The Africa Finance Corporation (AFC) will launch its debt and equity fund-raising push for a new rail line in Zambia in the third quarter of this year, a senior official said on Friday, seeking... 

Middle East war could cause 120 bcm of LNG supply loss from 2026 to 2030 - IEA

The Middle East conflict could result in the loss of around 120-billion cubic metres (bcm) of cumulative liquefied natural gas (LNG) supply between 2026 and 2030, or 15% of expected global supply,... 

South African rand steady as investors track stalled US-Iran talks, await local month-end data

The South African rand was steady in early trade on Friday, as stalled peace negotiations between the US and Iran dampened hopes for an immediate easing of Middle East tensions, while domestically... 

Australian lithium miner PLS says energy security concerns driving demand growth

ASX-listed Pilbara Minerals (PLS) is seeing deepening and broadening demand for lithium, partly driven by energy security concerns, CEO Dale Henderson said on April 24 as the Australian miner... 

Freeport delays recovery of flagship Indonesian mine; shares down more than 8%

Freeport-McMoRan, the world's largest publicly traded copper producer, said on Thursday it expects a slower-than-anticipated recovery at its flagship Grasberg mine in Indonesia after a fatal flood... 

Global refined copper market to swing to surplus in 2026, group says

The global refined copper market is expected to shift to a surplus of 96 000 metric tons in 2026, reversing a previously forecast deficit of 150 000 tons, due to slower demand growth and increased... 

Kenya, Tanzania and neighbours discuss joint refinery as Dangote offers to build it

East African countries are discussing plans for a joint oil refinery at Tanzania's port of Tanga modelled on Nigeria's Dangote plant, Kenyan President William Ruto said on Thursday. East Africa... 

Sasol aims for green jet fuel exports to EU

South African petrochemical company Sasol has received certification from a German agency for its sustainable aviation fuel (SAF), paving the way for it to start exports to the European Union, a... 

BHP adopts new Chinese iron-ore price index in deal to end dispute, sources say

BHP Group agreed to use an additional Chinese iron ore price index for one of its flagship products as part of a deal with China to end a months-long dispute, three sources with knowledge of the... 

Zambia's Luanshya Copper Mine to restart in August after two-decade halt

Zambia's Luanshya Copper Mine, majority owned by China Nonferrous Mining Corporation (CNMC), is set to resume production in August after spending more than two decades idle, the mines ministry said... 

At least nine people killed in attack at mining site in Pakistan

At least nine people were killed when gunmen attacked National Resources's copper and gold project in Balochistan, Pakistan, on Wednesday, local authorities said. Pakistan's National Resources,... 

Need for hedging could spur new derivatives for niche critical minerals, Traxys CEO says

Derivative contracts for niche critical minerals including rhenium could emerge over time as supply concerns and price volatility push industrial users to seek better hedging tools, said Mark... 

Trump poised to expand refugee programme for white South Africans

President Donald Trump's administration is considering more than doubling an annual refugee limit to bring more white South Africans into the US, according to three people familiar with the matter.... 

South Africa ramps up fuel imports from US as war jolts trade

South Africa is boosting oil-product imports from the US to help replace lost supplies from the Middle East, in another example of how the conflict is reshaping trade and threatening higher costs... 

Hormuz crisis throws spotlight on world's largest 'chokepoint' – the Malacca Strait

The closure of the Strait of Hormuz has forced policymakers in Asia to face questions over the security of other maritime chokepoints, including the Strait of Malacca, which is the world's busiest... 

France's Eramet could seek new investors in capital hike; plans Indonesia mine halt

Eramet said on Thursday it could talk to new investors about taking part in a €500-million capital increase that the struggling French mining group is planning for later this year. The nickel,... 

Iron-ore eases as investors weigh rising supply against higher war-induced costs

Iron-ore prices eased on Thursday, as investors weighed prospects of a growing supply of the key steelmaking ingredient against higher costs stemming from the prolonged Iran conflict. The... 

Comex copper stocks hit record high after US arbitrage reopens

Copper inventories on the US Comex exchange have climbed to a record high, data from the bourse showed on Wednesday, as traders take advantage of the renewed price arbitrage to ship metal to the... 

Ghana directs Newmont, AngloGold, Zijin to shift mining ops to local firms by December, sources say

Ghana's mining regulator has given international companies Newmont, AngloGold Ashanti and Chinese-owned Zijin until December 2026 to shift mining operations over to local contractors or face... 

Copper king Chile faces acid supply crunch as China exports dry up

China's exports of sulphuric acid to Chile dwindled to zero in March, Chinese customs data show, leaving the world's top copper producing nation facing a squeeze on supplies of the chemical used to... 

Eskom expects no power cuts over winter months

State utility Eskom said on Wednesday that it expected to implement no power cuts during the southern hemisphere winter months from April to August as its power station fleet had become more... 

South Africa gets more foot-and-mouth vaccine doses as it battles to contain outbreak

South Africa's government said on Wednesday that it had received 2 million doses of foot-and-mouth disease vaccine from Turkey, as authorities intensify efforts to contain the country's worst... 

Extreme heat threatens global food systems, UN agencies warn

Extreme heat is pushing global agrifood systems to the brink, threatening the livelihoods and health of more than a billion people, according to a new report by the UN's food and weather agencies.... 

Copper to hit $15 000/t within three years - Traxys CEO

Copper prices may not move higher this year, but will probably hit a record $15 000/t within three years, the head of trading firm Traxys said on April 22. "I think we'll see higher copper and... 

South32 lowers full-year manganese guidance by 6%

Diversified miner South32 lowered its full‑year forecast on April 22 for its Australia Manganese unit after wet-season rainfall and Tropical Cyclone Narelle disrupted operations. The company also... 

South African inflation picks up to 3.1% y/y in March, as expected

South Africa's headline consumer inflation edged up as expected last month, but analysts said the increase would be far larger in April when fuel price hikes triggered by the US-Israeli war on Iran... 

Goldman Sachs maintains 2026 copper price, surplus forecasts

Goldman Sachs on Tuesday maintained its forecast for the copper price to average $12 650 per metric ton this year and its estimate of a 490,000-ton 2026 surplus for the metal. However, the bank...