Burkina Faso to nationalise more industrial mines, PM says

Burkina Faso plans to take control of more foreign-owned industrial mines, the country's prime minister said, as the West African country seeks a bigger share of revenue from its national... 

Will Africa's financial stability fund rise to the debt challenge?

Angola will use its chairmanship of the African Union this year to advance the creation of a continental financial stability mechanism, its finance minister said, to cushion economies from sliding... 

Costs for climate disasters to reach $145bn in 2025, says Swiss Re

Hurricanes, storms, floods and other natural disasters may cause $145-billion in insured losses in 2025, nearly 6% up from 2024 and one of the costliest years on record, reinsurance company Swiss... 

Rand slips as investors wait for another revised budget

The South African rand weakened slightly in early trade on Tuesday as investors waited for the finance minister to say when he will present another revised national budget. Finance Minister Enoch... 

Woodside approves $17.5bn US LNG project, targets 2029 start

Australia's Woodside Energy announced on Monday it has approved a $17.5-billion investment for the construction of a liquefied natural gas (LNG) plant in Louisiana. It is the first financial... 

Fortescue bucks weather woes to post higher Q3 iron-ore shipments

Australian miner Fortescue posted higher third-quarter iron-ore shipments on Thursday in line with analyst expectations, as output recovered from a train derailment in the same quarter a year... 

Whitehaven warns weather to drive coal prices higher as quarterly output falls

Australia's Whitehaven Coal warned on Tuesday that weather conditions would put pressure on both metallurgical and thermal coal prices in the near term, while reporting a 5% sequential decline in... 

BRICS nations discuss shared response to Trump trade policies

Foreign ministers from the BRICS group of developing nations met on Monday to discuss a shared defence of the global trade system, coordinating their response to the barrage of new tariffs from US... 

Burkina Faso grants mining lease to Russia's Nordgold for gold project

Burkina Faso has granted an industrial mining licence to Russian miner Nordgold for a gold project, the military-led West African government said, aiming to capitalise on record-high gold prices to... 

Barrick Gold contractors in Mali lay off staff amid government dispute – documents, sources

At least four subcontractors employing several hundred people at Barrick Gold's complex in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according... 

South Africa 2025 economic growth forecast cut to 1.5% on tariff worries: Reuters poll

South African economic growth will be a bit weaker this year than thought a month ago partly due to trade tensions, with US President Donald Trump having paused a 31% tariff for 90 days imposed on... 

Global refined zinc and lead markets face 2025 surplus, ILZSG says

The global refined zinc and lead market will be in surplus this year, the International Lead and Zinc Study Group (ILZSG) said on Friday. The group expects that global supply of refined lead will... 

Hindustan Zinc reports higher profit on jump in prices, production

Hindustan Zinc, the world's third-biggest zinc producer, reported a jump in fourth-quarter profit on Friday, supported by higher production and rising prices of the metal. The company's... 

India's steel secretary says coking coal imports to accelerate

India's coking coal imports will accelerate due to the limited availability of the key steelmaking ingredient amid a ramp-up of steel capacity, the steel secretary said on Friday. Imports of coking... 

Mine collapse in eastern Congo kills at least ten people, rebel-appointed provincial governor says

At least 10 people were killed in a gold mine collapse in eastern Democratic Republic of Congo, the rebel-appointed governor of South Kivu province said on Thursday. M23 rebels have seized east... 

War-hit Congo park turns to chocolate gorillas in conservation push

Threatened by armed conflict, volcanic activity and rampant deforestation, Africa's oldest national park is turning to a new product to raise its profile and boost conservation efforts: chocolate... 

Chinese coal buyers reject new Indonesia price benchmark

Indonesia's push to roll out a government-set price for coal is not gaining traction in top buyer China, undermining Jakarta's attempt to exert more leverage over its commodity exports. Indonesia... 

NMDC exploring coking coal assets in Indonesia, Australia

Indian miner NMDC is exploring coking coal assets, key ingredient used for making iron ore and steel, in Indonesia and Australia, Chairman Amitava Mukherjee said on Thursday. India, the world's... 

Antamina copper mine restarts after accident left employee dead

Peru's sprawling Antamina copper mine is slowly restarting operations, a source close to the company said on Thursday, after an accident earlier this week left an employee dead and another... 

Trump signs executive order boosting deep-sea mining industry

President Donald Trump on Thursday signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical... 

Vale's net profit drops 17% on lower iron ore prices

Brazilian miner Vale reported a 17% decline in its first-quarter net profit on Thursday, hit by lower iron ore prices despite improved costs. Vale, one of the world's largest iron ore producers,... 

Tanzania bans agriculture imports from South Africa, Malawi

Tanzania has banned the importation of agricultural products from Malawi and South Africa, saying it was retaliation for similar hostile trade measures from both countries. The three countries all... 

Freeport-McMoRan flags higher costs due to tariffs, posts lower quarterly profit

Freeport-McMoRan said on Thursday the proposed tariffs could increase costs of goods the copper miner purchases in the United States by about 5%. Trump's sweeping tariffs on most U.S. imports and... 

Nickel market forecast to be in 198 000 t surplus in 2025, says INSG

The International Nickel Study Group (INSG) on Thursday forecast a nickel market surplus of 198 000 metric tons for 2025. The group also forecast global primary nickel usage at 3.537-million tons... 

South African president discusses Ukraine, bilateral ties with Trump

President Cyril Ramaphosa said in a post on social media platform X on Thursday that he had spoken to US President Donald Trump on the Ukraine war and the need to foster good bilateral relations.... 

Atlantic Lithium seeks concessions to salvage Ghana project

Australia-based miner Atlantic Lithium said it has appealed to Ghana's government for fiscal concessions to salvage its Ewoyaa project, as plummeting global prices threaten the viability of what... 

South Africa withdraws planned VAT hike after political pushback

South Africa will not increase its value-added tax (VAT) from May 1, the finance ministry said on Thursday, after the proposed hike faced opposition from political parties and caused friction... 

South African rand edges up after VAT increase withdrawn

The South African rand was marginally stronger in early trade on Thursday after the finance ministry said it was withdrawing a contentious increase in value-added tax (VAT) that was due to kick in... 

Premier African Minerals seeks lithium offtake deal with Glencore

Premier African Minerals is pursuing a lithium concentrate supply deal with commodities giant Glencore Plc, it said on Wednesday, as it seeks to clear debt from an inconclusive offtake agreement.... 

Ghana and Gold Fields reach transitional deal on Damang mine

Ghana and Gold Fields have reached an agreement on a transitional plan for Damang mine, the West African country's presidency said on Wednesday. Last week, Ghana assumed operational control of the... 

Mulino rules out mining contract law to resolve Cobre Panama dispute

Panama will not offer a new mining contract law to resolve the Cobre Panama dispute and is still undecided regarding the way forward for the future of the mine, Panama President Jose Raul Mulino... 

Newmont profit beats estimates as gold rally trumps weak output

The world's biggest gold miner Newmont beat Wall Street estimates for first-quarter profit on Wednesday as a rally in bullion prices helped offset lower production, sending its shares up 2% after... 

Aspen's shares plunge day after profit warning

Shares in South Africa's Aspen Pharmacare dropped more than 30% on Wednesday, a day after the company issued a profit warning over what it called a "material contractual dispute". Aspen alerted... 

Vedanta weighs US listing to raise $1bn for Zambian copper assets

Vedanta Resources, is considering a US public listing for its Zambian unit Konkola Copper Mines as one of its options to try to raise about $1-billion for mine development, three sources familiar... 

Peru's Antamina copper mine on lockdown after manager killed

Peruvian copper mine Antamina on Tuesday launched a full security shutdown after an operations manager was killed and another high-ranking employee was injured in an incident at a mining camp.... 

Fresnillo shares dive 10% as first-quarter silver output drops 9%

Shares in Mexico-focused miner Fresnillo slumped as much as 10% in early trade on Wednesday after the company reported about a 9% decline in first-quarter silver production, hurt partly by work... 

Chile moves forward with lithium projects in three salt flats

Chile's government said it is moving forward with a simplified process to award lithium contracts in three salt flats, the mining ministry said on Tuesday. The agency stated that it has accepted... 

JP Morgan see gold prices crossing $4 000/oz by Q2 2026

JP Morgan sees gold prices crossing the $4 000 per ounce milestone next year, following increased recession probabilities amid boosted US tariffs and an ongoing US-China trade war, the bank said in... 

Woodside weighs Trump tariff impact on $1.2bn Louisiana LNG project

Woodside Energy, Australia’s top gas producer, said on Wednesday it was assessing the impact of US tariffs and other trade measures on its Louisiana liquefied natural gas plant project as it inches... 

Nornickel maintains 2025 nickel production forecast

Russia's Nornickel, one of the world's largest producers of nickel and the largest producer of palladium, on Monday maintained its nickel production outlook for 2025 at 204 000 to 211 000 metric...