US investor Cameron offers $5bn for Kazakh mining giant, ERG says no sale talks

US businessman James Cameron has offered to buy mining giant Eurasian Resources Group for $5-billion, a letter he sent to its board showed, as the company prepares to participate in a major... 

China's export controls are curbing critical mineral shipments to the world

China's export controls on three metals important across the defence and chip sectors are keeping shipments at historically low levels despite high prices worldwide as Beijing flexes its control... 

Trump to approve land swap for Rio Tinto copper mine opposed by Native Americans

The Trump administration has said it would approve a land swap needed for Rio Tinto and BHP to build one of the world's largest copper mines, despite concerns from Native Americans that it would... 

South Africa investors face global growth threat after choppy politics

Investors have flocked to South Africa's domestic bond markets, betting the country can stay the course on reforms despite political fractures, but tariff threats and the prospect of a global... 

Trump supporter Prince reaches deal with Congo to help secure mineral wealth

Prominent Trump supporter Erik Prince has agreed to help Democratic Republic of Congo secure and tax its vast mineral wealth, according to two sources close to the private security executive, a... 

Congo tin miner Alphamin says production restarts after rebels withdraw

Alphamin Resources said it restarted tin production at its Bisie mine in eastern Democratic Republic of Congo on Tuesday after rebels withdrew from a nearby town of Walikale. The miner said in a... 

Enoch Godongwana says dropping VAT hike would have severe consequences

South Africa's finance minister has said that failing to raise the value-added tax rate from May would cause severe harm to state finances, court papers showed, after a stand-off over the proposal... 

Nigeria signs minerals pact with South Africa in diversification push

Nigeria and South Africa have signed an accord to boost cooperation in mining, Nigeria's mines minister said on Thursday, highlighting Abuja's push to diversify its economy away from oil. Mines... 

Peru copper output flat in February

A group of investors has called for a review of Australia's listing rules, claiming it was "unreasonable" that companies were allowed to issue a large amount of shares to fund their acquisitions... 

Sinomine targets 2026 production at Kitumba copper mine in Zambia

Sinomine Resource Group aims to start copper production in September 2026 at its Kitumba Copper Mine in the Mumbwa district of Zambia’s Central Province, according to a company WeChat post on... 

Rand weaker as markets await tariff, local government news

South Africa's rand weakened early on Thursday against a firmer dollar, as markets awaited information on US tariffs and local investors looked for news on the future of the coalition government.... 

World Bank's Banga doubles down on intent to end a ban on loans for nuclear power projects

World Bank president Ajay Banga on Wednesday doubled down on his push to revamp the bank's energy strategy to end a ban on lending for nuclear power projects and enable more natural gas projects,... 

Ghana government takes control of Damang mine operated by Gold Fields

Ghana has assumed operational control of Gold Fields' Damang mine after it rejected an application from the South African company to renew its lease, the government said on Wednesday, breaking a... 

Santos says Alaska oil project could start early while first-quarter revenue dips

Australian oil and gas producer Santos said on Thursday it could potentially bring forward the startup for its Pikka phase 1 in Alaska, while posting a 7% fall in first-quarter sales revenue due to... 

India extends auction for deep-sea blocks containing critical minerals

India has extended an auction of deep-sea blocks containing critical minerals used in electric vehicle batteries and other products until May 1, a spokesperson at India's Ministry of Mines said on... 

Woodside hires Mexico Pacific CEO Bairstow for Louisiana LNG project

Australia's top gas producer Woodside Energy aid on Wednesday it had hired Sarah Bairstow, the chief executive of Mexico Pacific, for its Louisiana liquefied natural gas plant in the United... 

Trump orders tariff probe on all US critical mineral imports

US President Donald Trump on Tuesday ordered a probe into potential new tariffs on all US critical minerals imports, a major escalation in his dispute with global trade partners and an attempt to... 

Vale's iron-ore output falls in first quarter hurt by Brazil rains

Brazilian miner Vale produced 67.7-million metric tons of iron ore in the first quarter of 2025, down 4.5% from a year earlier, the company said on Tuesday in its sales and output report. One of... 

Goldman Sachs cuts aluminium price forecast on weaker growth outlook

Goldman Sachs has reduced its forecast for aluminium prices this year after its economists downgraded global growth forecasts including for the US and China following the Trump administration's... 

B2Gold to cut 300 jobs in Namibia this year

Canadian gold mining company B2Gold plans to cut 300 jobs in Namibia this year as it goes ahead with the phased downscaling of operations at its Otjikoto mine after depletion of open pit reserves.... 

Mali has shut Barrick Gold's office in Bamako over alleged non-payment of taxes, sources say

Malian authorities have shut the Canadian miner Barrick Gold's office in the capital Bamako over the alleged non-payment of taxes, two sources close to the matter told Reuters, in the latest... 

South African rand recovers further on bets coalition will hold

The South African rand extended gains in early trade on Tuesday, bolstered by bets that the country's coalition government will remain intact despite disagreements over the budget. At 0725 GMT the... 

Ghana orders foreigners to exit gold market by April 30

Ghana has ordered foreigners to exit its gold trading market by the end of the month, a new government body said on Monday, as the West African country looks to streamline gold purchases from... 

Opec cuts global oil demand growth forecasts, citing US tariffs

Opec cut its 2025 global oil demand growth forecast on Monday for the first time since December, citing the impact of data received for the first quarter and trade tariffs announced by the United... 

China to keep building coal plants through 2027

China plans to keep building coal-fired power plants through 2027 in regions where they are needed to meet peak power demand or stabilise the grid, according to government guidelines for upgrading... 

India's polished diamond exports hit two-decade low, industry group says

India's exports of cut and polished diamonds plummeted to their lowest level in nearly two decades in the 2024/25 fiscal year, which ended in March, on sluggish demand from the United States and... 

Ramaphosa appoints Mcebisi Jonas as special envoy to US

President Cyril Ramaphosa on Monday announced former deputy finance minister Mcebisi Jonas as a special envoy to the United States. Jonas is currently independent non-executive chairman of... 

Rand gains on report ANC may scrap VAT hike

The South African rand strengthened on Monday, boosted by a news report that the country's biggest political party may back down on a plan to raise value-added tax (VAT) and dollar weakness on... 

South Africa moves closer to traded power market, top bank says

South Africa is on the cusp of starting a traded electricity market that will give consumers a choice of power products along with a range of pricing options, according to a top investment bank.... 

Zambia to resume work on power line link to Tanzania, World Bank official says

Zambia will resume construction of a power line linking it to East Africa, creating one of the largest energy markets in the world, a senior World Bank official said on Friday. Work on the... 

Restarting coal plants after Trump's executive orders makes no economic sense, report says

US President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute... 

Rand gains ground amid US trade moves and as ANC, DA set to meet

The South African rand gained ground against a weaker dollar on Friday, but analysts said it remained susceptible to twists in the global trade war and the risk that South Africa's coalition... 

Copper output from Chile's Codelco slips 6% in February

Copper production from Chilean State-run miner Codelco dipped 6% year-over-year in February, data from copper commission Cochilco showed on Thursday, slipping to 98,100 metric tons. Codelco is the... 

Gold surges past $3 200 as economic concerns reignite record rally

Safe-haven gold surpassed the key $3 200 mark for the first time on Friday, spurred by a weaker dollar and economic concerns due to an intensifying trade war. Spot gold jumped over 1% to $3 214.92... 

China speaks with Saudi Arabia, South Africa about response to US tariffs

China's Commerce Minister Wang Wentao had discussions with his Saudi Arabian and South African counterparts to exchange views on responding to the United States' "reciprocal tariffs", the Chinese... 

South Africa's February manufacturing output falls 3.2% y/y

South Africa's manufacturing output fell 3.2% year on year in February after falling by a revised 3.2% in January, statistics agency data showed on Thursday. Factory production rose 0.3% month on... 

Falling alumina price prods some China producers to begin maintenance

Chinese alumina producers, which rushed to expand capacity after prices surged last year due to short supplies of raw material bauxite, are being squeezed by falling prices, prompting some to shut... 

One in 10 Brazilian mines may be abandoned, study finds

Brazil has 3 943 mining sites showing signs of abandonment, or 11% of the country's authorized operations, according to a new study by think tank Instituto Escolhas, highlighting social and... 

Rand regains some ground after US pauses tariffs

South Africa's rand firmed in early trade on Thursday, recouping some of its recent loss as investors took a breather after US President Donald Trump announced an immediate 90-day tariff pause for... 

US lawmakers move to block IMF Central Africa support over oil fund dispute

US lawmakers have introduced legislation that could block International Monetary Fund support for some Central African countries, in an effort to guard billions of dollars that oil companies must...