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Reuters is an international news organization owned by Thomson Reuters. Until 2008, the Reuters news agency formed part of an independent company, Reuters Group plc, which was also a provider of financial market data.

By Reuters

Polyus posts 2023 profit jump on higher output, gold prices

Polyus posts 2023 profit jump on higher output, gold prices

29th February 2024

Russian gold producer Polyus's net profit rose 12% to $1.7-billion last year thanks to increased production and sales, it said on Thursday, but it expects lower gold output in 2024 and warned that... 


Coal stockpiles at the Richards Bay Coal Terminal in South Africa

Indonesia, South Africa aim to regain lost share in Indian coal market

29th February 2024

Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second... 


Security forces operating in Mozambique

Tens of thousands flee in new wave of brutal Mozambique attacks

29th February 2024

Tens of thousands of Mozambicans are fleeing their homes in the restive Cabo Delgado province amid a surge in deadly insurgent attacks since January. The attacks, despite a massive security... 


WTO director general Ngozi Okonjo-Iweala led discussions at the organisation's Ministerial meeting in Abu Dhabi this week

India, South Africa block major investment deal at WTO talks

29th February 2024

India and South Africa have filed a formal objection against an investment agreement at a World Trade Organization (WTO) meeting in Abu Dhabi, blocking its adoption in a move that observers say... 


Mining Minister Aurora Williams

Chile to define lithium contracts by June, Mining Minister says

29th February 2024

Chile’s government expects to lay out by March the broad terms of lithium contracts to be offered under a new public-private partnership model, Mining Minister Aurora Williams told reporters on... 


BHP to restructure some global corporate roles as it looks to trim costs

BHP to restructure some global corporate roles as it looks to trim costs

29th February 2024

The world's biggest listed miner BHP said on Thursday it was disbanding some global teams and transferring those roles covering functions including planning, environment and heritage protection to... 


Africa with country flags

Africa's debt to stay above pre-pandemic levels through 2025, UN official says

28th February 2024

Africa's public debt will stay above pre-pandemic levels in 2024 and 2025, with many countries still at risk of falling into debt distress as they continue to struggle to service international... 


Tighter Indonesian nickel ore supply boosts prices, curbs smelter output

28th February 2024

Nickel ore prices in Indonesia, the world's top producer, have risen on tighter supply after government delays in issuing new mining quotas that has also prompted smelters to curb production,... 


Russia diamond producer Alrosa's annual net profit drops 15.2%

28th February 2024

Russia's sanctions-hit diamond producer Alrosa on Wednesday reported 2023 net profit of 85.18-billion roubles ($925-million), down 15.2% from the previous year. Turnover was up 9.2% at... 


Russia's new silver mine to start selling concentrate in Q3

Russia's new silver mine to start selling concentrate in Q3

28th February 2024

Russia's new silver mine Prognoz, one of two major projects coming online around the world this year, will start selling silver concentrate in the third quarter of 2024, its owner told Reuters on... 


Shirts on hangers in a clothing factory

South African fashion retailers boost local production amid port delays

28th February 2024

South African fashion retailers are ramping up local production and using alternative sea ports and air freight to mitigate the impact of congestion at traditional ports that has caused massive... 


Australia considers tax credit for minerals processing, says industry group

Australia considers tax credit for minerals processing, says industry group

28th February 2024

The Australian government is considering a tax credit for companies that build processing facilities to boost the value of green energy minerals such as nickel and lithium, the head of a mining... 


Brazil, France partner to tackle illegal mining in French Guiana

27th February 2024

Brazil and France are set to sign an international cooperation agreement that would allow police from both countries to launch joint operations aimed at tackling illegal mining in French Guiana,... 


Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny

Chinese money still chasing Canadian critical mining deals despite Ottawa's scrutiny

27th February 2024

A year after Canada tightened foreign investment rules for the critical minerals sector, Chinese money has continued to pour into Toronto-listed miners, according to proprietary research conducted... 


Rhinos

Rhino poaching in South Africa increases in 2023

27th February 2024

South Africa recorded 499 rhinos poached in 2023, 51 more than the previous year, despite efforts to protect the animals, the government said on Tuesday. South Africa is home to nearly half of the... 


Indonesia working to approve more nickel, tin quotas

27th February 2024

Indonesia's Ministry is trying to address delays in approving new mining volume quotas, an official at the Energy and Mineral Resources Ministry said on Monday. The ministry so far has issued... 


Vale says court overturns suspensions of Sossego, Onca Puma mines

27th February 2024

Brazilian miner Vale said in a filing on Monday that a court has granted a temporary injunction giving back operational licenses to the company's Sossego and Onca Puma mines. The miner was... 


Panama to defend interests in First Quantum case, official says

27th February 2024

Panama will defend its interests in a legal dispute with Canadian miner First Quantum, Panama's deputy finance minister told Reuters on Monday. The miner had last week said it was seeking... 


India considers export tax on low-grade iron ore, sources say

26th February 2024

India is considering an export tax on low-grade iron-ore after small steel producers urged the government to curb its overseas sales, two sources directly involved in the matter said. China... 


Yintai Gold to buy Canadian gold exploration firm Osino for C$368m

26th February 2024

China-based Yintai Gold on Sunday said it will acquire Canadian gold exploration firm Osino Resources in an all cash deal for C$368-million. Osino will end its C$287-million deal with Canadian... 


MIND ID to acquire 14% stake in Vale Indonesia from foreign investors

26th February 2024

Indonesia's mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan's Sumitomo Metal Mining, to become the top shareholder at... 


Mark Cutifani

Vale sees no sign of environmental breach at suspended mines

26th February 2024

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on... 


WTO director general Ngozi Okonjo-Iweala

WTO seeks modest outcomes in Abu Dhabi at 'critical juncture' for global trade

26th February 2024

Trade ministers from nearly every country in the world gathered in Abu Dhabi on Monday for a World Trade Organization meeting that aims to set new global commerce rules, but even its ambitious... 


A Sasol sign at its Secunda plant

Sasol reports 34% decline in half-year profit

26th February 2024

Sasol reported on Monday a decline of 34% in half-year profit, mainly due to weaker oil and petrochemical prices as well as higher costs. Sasol, the world's biggest producer of fuels and chemicals... 


Lynas CEO Amanda Lacaze

Lynas jumps as H1 profit tops estimates despite soft China demand

26th February 2024

Australia's Lynas on Monday posted a better-than-expected half-year profit, sending its shares higher, even as the rare-earths miner navigated a tough market with weak underlying commodity prices... 


Fortescue Metals CEO Andrew Forrest

Forrest urges LME to separate nickel contracts into 'dirty' and 'clean'

26th February 2024

The London Metal Exchange should classify its nickel contracts into "clean" and "dirty" contracts to give customers more choice, Australian iron ore magnate Andrew Forrest said on Monday. The... 


Alcoa aims to take out Australian partner Alumina in $2.2bn deal

Alcoa aims to take out Australian partner Alumina in $2.2bn deal

26th February 2024

US aluminium producer Alcoa on Monday made a non-binding, conditional buyout proposal for its Australian joint venture partner Alumina, valuing the company at $2.2-billion in an all-stock offer.... 


Zijin Mining gains approval for Tibet copper mine expansion

23rd February 2024

Chinese miner Zijin Mining has received local government approval for the second phase expansion of its Julong copper project in Tibet, the company said in a filing to the Shanghai Stock Exchange... 


Europe, Africa oil markets tighten, lending support to futures

23rd February 2024

Red Sea shipping delays and Opec+ supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices,... 


A worker drives a forklift loaded with lithium concentrate at Prospect Lithium Zimbabwe mine in Goromonzi, Zimbabwe

Zimbabwe wants lithium miners to plan new capacity despite price dive

23rd February 2024

Zimbabwe wants miners to come forward by the end of March with plans to produce battery-grade lithium, despite a sharp fall in global prices for the mineral, a senior government official said on... 


France’s $1.6bn uranium deal with Mongolia faces delays

23rd February 2024

A $1.6-billion uranium mining deal between France and Mongolia that is part of French efforts to diversify supplies to power its fleet of nuclear reactors is running into political hurdles. A... 


Sandeep Biswas

Activist investor Elliott to target mining assets worth at least $1 billion

23rd February 2024

Elliott Management is setting up a company to hunt for global mining assets in the range of at least $1-billion, as it seeks to take advantage of the depressed valuation of groups operating in the... 


Vale fourth-quarter profit falls 35% on higher provisions over dam accident

Vale fourth-quarter profit falls 35% on higher provisions over dam accident

23rd February 2024

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and... 


MP Materials swings to quarterly loss on falling rare earths prices

23rd February 2024

Rare earths miner MP Materials on Thursday reported a fourth-quarter loss due to slipping prices for the strategic minerals and rising production costs, although the loss was not as much as... 


Teck expects to close coal unit sale to Glencore by Q3, CEO says

Teck expects to close coal unit sale to Glencore by Q3, CEO says

23rd February 2024

Canadian miner Teck Resources plans to close the sale of its steel-making coal unit to Glencore no later than the third quarter of 2024, CEO Jonathan Price told Reuters in an interview on... 


Tiger Brands pursues efficiency after sales volumes shrink

22nd February 2024

Tiger Brands, South Africa's biggest food producer, is reviewing spending and the number of brands it sells, it said on Thursday, after inflation drove consumers to buy less, knocking its revenues... 


Teck Resources Q4 profit beats targets on strong coal sales, copper output

Teck Resources Q4 profit beats targets on strong coal sales, copper output

22nd February 2024

Canadian miner Teck Resources beat fourth-quarter profit estimates on Thursday, helped by an increase in steelmaking coal sales and record copper production. The company also benefited from higher... 


Eramet in talks with France to offload debt from SLN nickel unit

22nd February 2024

Eramet is in "very advanced talks" with the French government to remove from its balance sheet several hundred million euros of debt related to its loss-making nickel subsidiary SLN in New... 


First Quantum CEO Tristan Pascall

First Quantum announces capital restructuring to reduce debt

22nd February 2024

First Quantum Minerals on Wednesday announced a series of capital restructuring measures that would strengthen its balance sheet and cut debt, a move that will help the Canadian miner deliver on... 


Vale says its Sossego copper mine operating licence has been suspended

Vale says its Sossego copper mine operating licence has been suspended

22nd February 2024

Brazilian miner Vale said on Wednesday it had received a letter from the State of Para's environmental secretary informing it that its operating license for its Sossego mine has been suspended.... 


Fortescue beats on first-half profit, posts strong dividend

Fortescue beats on first-half profit, posts strong dividend

22nd February 2024

Australia's Fortescue on Thursday posted a 41% jump in its half-year profit and declared a better-than-expected dividend, supported by strong iron-ore shipments and higher prices for its lower... 


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