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The South African Communist Party's Politburo, meeting on July 3, 2026, in Johannesburg, described Western support for Ukraine as an imperialist assault on Russia and pledged continued solidarity with what it called Russia's anti-imperialist operation. It framed a Russian victory as an achievement for anti-imperialist forces and linked this to a broader shift towards a multi-polar world order away from US dominance, also voicing support for Iran's resistance to Western pressure.
Nuclear expansion plans hinge on financing, workforce growthA Nuclear Energy Agency report warns that scaling up global nuclear capacity will require sharply increased financing, with annual capital expenditure on new nuclear capacity currently at about $30-billion a year, largely driven by China and Russia. Under its most ambitious 'transformative' scenario, global capacity could more than triple to 1 324 GWe by 2050, though this depends on expanded workforces, supply chains and government-backed financing mechanisms.
Russia Updates
Oil prices settled around pre-Iran war levels on Monday as Saudi Arabia slashed its official selling prices, OPEC+ approved another production target increase starting in August, and exports...
The Nuclear Energy Agency (NEA), an entity of the Organisation for Economic Cooperation and Development (OECD), has cautioned that successfully fulfilling global ambitions to significantly increase...
South Africa on June 8 joined the ‘escape club’, ‘North, east, west, south, all in the same house’, with all due acknowledgement to the English pop-rock band The Escape Club. It joins the 2026...
The natural diamond industry’s legacy operating model of scarcity driving desire and desire driving price is under strain and as the industry moves forward, producers and traders confront pressures...
India is increasing the use of domestic fuel to more than 50% at power plants designed to run on imported coal, as the world's second-largest thermal coal importer seeks to curb costly overseas...
India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is...
Gold’s characterises and the demand for this precious metal make it an excellent reserve asset; therefore, central bank demand is likely to continue to persist into the future, Heraeus Precious...
Zimbabwe's government owes platinum miners $228-million in unpaid export income under its foreign currency retention system, exerting pressure on a sector recovering from a price collapse, an...
China's imports of coking coal, a steelmaking ingredient, are set to rise further this year after a fatal mine accident reduced domestic supply, traders said. Chinese importers have turned to...
Middle Eastern crude oil markets could come under further pressure if the Strait of Hormuz reopens on Friday following the US-Iran interim deal, releasing-millions of barrels of oil stranded in the...
The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the International Energy Agency (IEA) said in its monthly oil market...
A deadly mining accident in China's biggest coal-producing region and mounting policy chaos around Indonesian exports are choking global supplies, which analysts and industry officials say could...
New Development Bank is lending South Africa $1-billion for the State to upgrade infrastructure in its eight biggest cities, Business Day reported. The so-called metropolitan municipalities will...
India's State-owned Steel Authority of India (SAIL) and NMDC are exploring acquisitions of coking coal assets in Russia as New Delhi seeks to secure supplies of critical raw materials, Indian...
International Monetary Fund (IMF) MD Kristalina Georgieva said that after facing crisis upon crisis in recent years, the world needs to build foundations that can withstand shocks that have become...
Australia’s gold output reduced to 75 t in the quarter ended March 31, owing to rain and bushfires in Western Australia. This compares to gold mine production of 73 t in the same quarter last year....
Oil prices jumped more than $4 on Monday, with investors spooked by fresh Israeli strikes on Iran as well as renewed attacks on Lebanon a day earlier. Brent crude futures rose $4.42 or 4.47% to...
The South African Nuclear Energy Corporation (Necsa), the State-owned company responsible for nuclear research and technology development, as well as the provision of nuclear applications and...
The South African Nuclear Energy Corporation (Necsa), the State-owned company responsible for nuclear research and technology development, as well as the provision of nuclear applications and...
Russian Platinum plans to start production at its Arctic polymetallic project in November, the company’s owner said on Thursday. Currently only metals giant Nornickel produces platinum group...
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