Mali gold revenue rises 6.4% in 2025 despite production decline

Gold mining companies operating in Mali paid the state a record 888.5-billion CFA francs ($1.57-billion) in 2025, up 6.4% from 835.1 billion CFA francs the year before, as record gold prices offset... 

Antofagasta to invest $909m to extend Chile's Zaldivar mine life

London-based Chilean multinational conglomerate Antofagasta Minerals announced more than $900-million in planned investment to extend the lifespan of its Zaldivar copper mine in northern Chile... 

Sumitomo finances Ambatovy stake sale to exit project, sources say

Sumitomo Corp provided financing to the buyers of its 54% stake in Madagascar's Ambatovy nickel operation, smoothing its exit from the loss-making project, three sources familiar with the matter... 

Nigeria plans five repatriation flights from South Africa

Nigeria will begin repatriating its citizens from South Africa this week, after anti-immigrant attacks and protests in the continent’s biggest economy. The Nigerian government has scheduled the... 

Oil prices climb more than $4 after Israeli strikes on Iran, Lebanon

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... 

Top iron-ore miners seek Canberra's help in price fight with China

Major miners and their lobbyists have asked Canberra for help in pushing back against China's efforts to extract better terms for their iron-ore, including raising the prospect of a single selling... 

Zambia's ZCCM-IH partners with Chinese firm to build 600 MW coal plant

Zambia's ZCCM Investments Holdings has agreed a deal with Chinese-owned Wonderful Group Services to build a 600 MW coal-fired power station at an estimated cost of nearly $452-million, the... 

United States' $800m coal support raises pollution concern

US President Donald Trump said on Thursday he is directing hundreds of millions of dollars to support US coal power plants and to ship the carbon-intensive fuel to Asia, with most of the funding... 

Russian Platinum plans November launch of Arctic mine

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... 

Orla Mining says Mexico blockade to be lifted after labour ruling

Canadian miner Orla Mining said on Thursday a worker blockade that has halted operations at its Mexican mine since June 1 is expected to be lifted later in the day after federal labour authorities... 

Mozambique tightens grip on mining with 15% state stake rule, local processing

Mozambique's President Daniel Chapo has signed a new law requiring 15% State ownership in all mining ventures and local processing of minerals, tightening control over its resources as demand for... 

South Africa to send envoys to other African countries after xenophobic attacks, Ramaphosa says

South Africa will send envoys to other African countries and around the world after a spate of xenophobic attacks targeting immigrants from other nations on the continent, President Cyril Ramaphosa... 

Vedanta confirms no penalties imposed from searches by Indian financial crime-fighting agency

India's financial crime-fighting agency has not imposed any penalty or restriction following searches conducted at Vedanta's premises, the company said on Thursday. The Economic Times reported on... 

US emerging miner Sunshine Silver raises $270m in NYSE initial public offering

US silver miner Sunshine Silver Mining & Refining ​Company raised $270-million in its initial public offering (IPO) on NYSE om Wednesday, joining a growing number of companies rushing to seize... 

USA Rare Earth secures $1.6bn US funding

USA Rare Earth said on Wednesday it has signed agreements with the US Department of Commerce giving it access to up to $1.6-billion in funding under the CHIPS Act, to support its plans to build a... 

LNG prices could go higher in significant volatility, Uniper executive says

Liquefied natural gas (LNG) prices could rise further in significant volatility than experienced so far during the Iran war if supply disruptions coalesce with hot weather in Asia and European... 

Chile's Codelco copper giant names Jorge Gomez as new CEO

Chile's embattled State copper giant Codelco named Jorge Gomez as its new CEO on Wednesday as the company continues to deal with fallout following a scandal over inflated production figures. In a... 

Trump plans $700 million in new coal support, White House official says

US President Donald Trump is planning to use Cold War-era national defence powers to send nearly $700-million to support coal facilities, according to a White House official. Trump could announce... 

Iron-ore posts biggest daily loss in nearly two months on China demand worries

Iron-ore prices slid on Thursday to record their biggest daily losses in nearly two months, weighed down by rising concerns about demand in top consumer China as steel margins shrink and steel... 

India to soon unveil incentives for lithium, nickel processing with $313m outlay, sources say

India's federal Ministry of Mines is expected to shortly unveil a policy with incentives to process lithium and nickel with an outlay of around 30-billion rupees ($313.48-million), according to two... 

Eramet halts Weda Bay Nickel production in Indonesia after mining quota runs out

The Indonesian unit of French miner Eramet has halted nickel ore production after a government decision to slash its 2026 mining quota by 70% compared to last year left it unable to continue... 

Zambia extends duty-free copper concentrate export duty waiver amid smelter outages

Zambia has extended the suspension of a 10% duty on copper concentrate exports to September 30, to help clear stockpiles of unprocessed material as the country's major smelters undergo extended... 

Hostilities flare in Iran war, oil jumps with talks at a stalemate

Gulf hostilities flared again on Wednesday, with an Iranian missile attack damaging Kuwait's airport and the US military carrying out strikes near the Strait of Hormuz, as diplomacy between... 

Glencore temporarily suspends Cerrejon coal mine operations over road blockades

Glencore's Cerrejon mine in Colombia, one of the world's largest open-pit coal mines, is monitoring blockades that forced it to suspend operations, it said in statements this week. The site halted... 

Australia shares climb to near one-month high as miners rally

Australian shares rose to a near one-month high on Wednesday, underpinned by commodity stocks, after mining giant BHP hit a record high, while a slower-than-expected economic growth reaffirmed... 

Malawi to repatriate citizens from South Africa amid anti-immigrant attacks

Malawi will join other countries in repatriating its nationals seeking to leave South Africa, where attacks on African migrants have been reported in parts of the country. The Ministry of Foreign... 

South Africa private sector contracts after four months of growth, PMI shows

South Africa's private sector contracted in May as output and new orders fell amid higher fuel prices and uncertainty linked to the Iran war, a business survey showed on Wednesday. The S&P Global... 

USA Rare Earth to invest $1.2bn in South Carolina facility to boost domestic supply

USA Rare Earth said on Tuesday it will invest $1.2-billion to build a magnet manufacturing and rare earth metals facility in South Carolina, as it expands domestic production capacity. Shares of... 

BHP explores ship biofuel blend made from cooking oil, animal fat

Australian iron-ore and copper miner BHP and Singapore's Global Centre for Maritime Decarbonisation (GCMD) have blended biofuel made from used cooking oil and waste animal fat to refuel a cargo... 

Dangote refinery can be global jet fuel supplier, CEO says

Nigeria's 650 000 bbl/d Dangote oil refinery has a large surplus of jet fuel and can supply the product all over the world, CE David Bird said on Tuesday. With demand on the African continent lower... 

South Africa's fiscal targets on track despite Iran war, Treasury says

South Africa remains on track to meet its fiscal targets despite the conflict in the Middle East, its National Treasury said on Tuesday, adding it wanted to demonstrate its credibility by meeting... 

Kganyago signals resolve to curb inflation after rate hike​

South Africa's central bank governor Lesetja Kganyago said on Tuesday that the bank would bring inflation back to its 3% target, defending last week's rate hike as necessary to prevent second-round... 

S&P flags Middle East oil risk for South Africa, warns low growth an outlier among peers

S&P Global Ratings warned on Tuesday that rising oil prices from the Middle East crisis pose a growing risk to South Africa's consumer-led economy, even as the fiscal consolidation push remains... 

Vedanta's Zambian unit shuts copper smelter for maintenance

LUSAKA – Vedanta's Konkola Copper Mines has started a 60-day shutdown of its Nchanga smelter in Zambia for maintenance and repairs, it said on Tuesday. KCM said the repairs and maintenance are... 

Elliott takes A$1-billion stake in Australia's Northern Star, calls for strategic review

Shares in Australia's biggest gold miner Northern Star Resources jumped on Tuesday after activist investor Elliott Investment Management disclosed an over A$1-billion ($714.6-million) stake and... 

Trump signs proclamation amending tariffs on steel, aluminum and copper imports

US President Donald Trump on Monday signed a proclamation amending his Section 232 national security tariffs on some aluminum, steeland copper imports, the White House said. The proclamation... 

Barrick Mining weighs London listing as it negotiates Africa business sale, sources say

Barrick Mining, one of the world's leading gold miners, is weighing a possible London listing for its African business, with a potential all-share transaction with UK-listed Endeavour Mining seen... 

Tesla drops threat to scrap graphite supply deal with Australia's Syrah Resources

Australia's Syrah Resources confirmed on Monday that electric vehicle maker Tesla has withdrawn a notice of intent to end their graphite supply deal over an alleged quality default, accepting the... 

Gold approaches potential crossroads

Gold is approaching a potential turning point that could decide whether it extends this year's losses or makes a stand that could facilitate a recovery. Gold's troubles started early this year when... 

Illegal miners extract billions in Amazon gold despite Brazil crackdown, Greenpeace finds

Billions of dollars worth of gold is still being extracted illegally from Brazil's Amazon rainforest, a study by nonprofit watchdog Greenpeace found, despite efforts by President Luiz Inacio Lula...