Saudi firm plans hydrogen-powered skyscraper in Egypt's new capital

A Saudi-controlled real estate firm says it plans to break ground early next year in Egypt's new capital on a $1-billion, 50-storey office tower that aims to be the first of its kind to be powered... 

Uranium Energy restarts uranium production at Wyoming

Uranium Energy said on Tuesday it has restarted uranium production at its Christensen Ranch operations in Wyoming, with shipments expected in November or December. Uranium is the most widely used... 

Germany, Italy import legally dubious Brazilian gold, study shows

All Brazilian gold imports by Germany and 71% by Italy come from areas of the Amazon where illegal mining is rampant, a think thank said on Tuesday, calling for increased European scrutiny. All 1.3... 

BHP removes striking workers at huge Chile copper mine, output at risk

Mining giant BHP said on Tuesday it had started removing workers on strike at its Escondida copper mine in Chile, deepening tensions at the site after a powerful union rejected the company's latest... 

Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer

Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond... 

India to offer incentives for critical minerals extraction, govt source says

India plans to provide funding for research institutes to give technical assistance to miners, according to a government source and a letter reviewed by Reuters, to try to develop a critical... 

Iron-ore takes fresh hit as concerns over global glut exact toll

Iron-ore slumped — following its fourth weekly loss in five — on concerns that a slowdown in steelmaking at Chinese mills, combined with record shipments from Australia and Brazil, would lead to a... 

Barrick open to being partner in Cobre Panama mine, CEO says

Barrick Gold stands ready to be a partner in the Cobre Panama copper mine once the Panamanian government decides on the disputed asset's future, Mark Bristow, CEO of the Canadian gold and copper... 

Union at BHP's Escondida mine says company made 'illegal' offer amid negotiations

The union representing workers at BHP's Escondida mine in Chile told its members on Monday that it would accuse the company of "anti-union practices" for making a contract offer outside of a... 

Barrick Gold reports Q2 profit beat on higher output, prices

Canada's Barrick Gold edged past Wall Street estimates for second-quarter profit on Monday, as the company benefited from higher prices and robust production. Barrick's US-listed shares were up... 

Ethiopian Airlines signs deal for design of 'biggest airport in Africa'

Ethiopia has signed an agreement for the design of a new four-runway airport that will be Africa's biggest when construction is completed in 2029, the head of state-owned Ethiopian Airlines said on... 

South Africa battles to fund vital grid upgrade for green energy

South Africa's plan to expand its power grid, now the biggest bottleneck to replacing coal with renewables, has hit a snag: finding investors to lend the necessary $21-billion to a near-bankrupt... 

BHP, Rio Tinto, Qantas to invest $53m in Australian carbon credit fund

BHP, Rio Tinto and Qantas will invest a total of A$80-million as early-stage investors in an Australian carbon credits fund that aims to invest in land reforestation projects, according to... 

Chinese mining firm files judicial review against Ottawa

Jinteng Mining, a subsidiary of Chinese gold and copper company Zijin Mining Group, has sought a judicial review against Canada's decision regarding a Canadian company's sale of a gold mine in... 

Shell to invest in phase 2 of Surat gas project in Australia

Shell plans to invest in the second phase of development at joint venture Arrow Energy's Surat gas project in Queensland, Australia, the global energy giant said on Monday. The second phase of... 

Australian court stays govt decision to not renew ERA lease for Jabiluka uranium deposit

Australia's Federal Court has stayed a government decision to not renew Rio Tinto-owned Energy Resources of Australia's lease for a high-grade uranium deposit in the Northern Territory, the miner... 

China's July coal imports rise to seven-month high

China's coal imports rose to a seven-month high in July, General Administration of Customs data showed on Wednesday, as traders took contracted cargoes to coincide with China's peak power demand... 

Zambia's proposed mining law bad for investment, miners say

Zambia's proposed minerals regulation law could deter investment and deliver a "fatal blow" to plans to raise yearly copper output to three-million tons, two mining bodies said on Wednesday.... 

South Africa moves to implement national health bill despite resistance

South Africa is moving ahead with implementation of the National Health Insurance bill, President Cyril Ramaphosa said, despite strong opposition from within and outside government. The NHI aims to... 

Australia's lithium industry seen bearing brunt of supply cuts

Arcadium Lithium on Wednesday joined a growing list of producers reviewing lithium operations in Australia amid a rout in prices for the battery raw material that is expected to result in more... 

Shell, BP to pay operational costs to buyer of South Africa's Sapref refinery

South African units of Shell and BP will pay around $15-million to State-run Central Energy Fund (CEF) for operational costs at Sapref refinery that the oil firms are selling to the government, a... 

India shelves plan for coking coal import consortium, sources say

India has abandoned a plan to form a consortium of state-run companies for joint negotiations to import coking coal, a key raw material for steel, due to differences among mills over the grades... 

ERA sues Resources Minister after lease for Jabiluka uranium deposit not renewed

Energy Resources of Australia (ERA) said on Tuesday it was suing Australia's Resources Minister and others after its lease for a high-grade uranium deposit was not renewed, saying it hadn't been... 

BHP requests state mediation with Escondida union in Chile

Australian miner BHP has requested mediation by the Chilean government with the union representing workers at its Escondida mine, the company said on Monday, a move aimed at avoiding a potential... 

Kenya's Mobius, maker of rugged cars for African roads, calls it a day

Kenya's Mobius Motors, which started making rugged, low-priced SUVs designed for Africa's roads a decade ago, has decided to stop operating due to financial challenges, a company statement and a... 

EnergyX makes $150m bid for Galan Lithium's Argentina assets

Lithium technology startup EnergyX has made a $150-million bid for Galan Lithium's assets in Argentina, part of a strategy to consolidate acreage needed to produce the electric vehicle battery... 

South Africa business activity contracts again in July, S&P Global PMI shows

South African private sector activity remained subdued in July amid weaker sales and increased supply-side pressures, a survey showed on Monday. The S&P Global South Africa Purchasing Managers'... 

No decision yet on Woodside's Browse gas project, state regulator says

Western Australia's environment regulator said on Monday it expects to release its recommendations on Woodside Energy's Browse gas project in 2025, after a newspaper reported the huge project might... 

Sea-bed regulator elects secretary general as calls grow to pause deep-sea mining

The International Seabed Authority (ISA) has elected Leticia Carvalho of Brazil as its next secretary general, as pressure mounts for a pause on efforts to mine the sea floor for minerals for use... 

Tanzania launches $3.1bn railway in drive to boost infrastructure

Tanzania on Thursday launched a 541 km modern standard gauge railway running between its administrative and commercial capitals, built by a Turkish firm as part of a government drive to improve... 

Glencore's ex-head of oil charged with bribery offences by UK fraud agency

Glencore's former head of oil Alex Beard has been charged with bribery offences relating to the Swiss commodity trader's operations in Africa, Britain's Serious Fraud Office (SFO) said on... 

Western Australian job losses dent Australia's green ambitions

A downturn in the critical minerals sector that has triggered a wave of job losses in Australia's top earning resources state has also struck a blow to the country's hopes to build out a critical... 

AMSA posts wider loss, hopes for interest rate cut

ArcelorMittal South Africa (AMSA) said on Thursday it is hoping for an interest rate cut during the second half of the year after losses widened on weaker demand. It logged a loss of R1.11-billion... 

Debswana's diamond sales fall 49.2% as market downturn continues

Sales of rough diamonds at Debswana Diamond Company fell 49.2% in the first half of 2024, according to data released by the Botswana central bank late on Wednesday, as the downturn in the global... 

Tumbling lithium prices push Albemarle to fresh round of cost cuts

Albemarle, the world's largest lithium producer, said on Wednesday it would slash costs for the second time this year and that everything but its dividend could be on the chopping block. The... 

South Africa posts trade surplus of R24.23-billion in June

South Africa recorded a trade surplus of R24.23 billion in June, revenue service figures showed on Wednesday. 

South African rand firms ahead of Fed policy decision

South Africa's rand strengthened early on Wednesday, ahead of a much-anticipated policy decision by the Federal Reserve. At 0718 GMT, the rand traded at 18.22 against the dollar, about 0.6%... 

Codelco is working very hard to boost copper output, CEO says

Chile's State-run Codelco is working "very hard" to recover its copper production level, CEO Ruben Alvarado said on Tuesday, as the copper giant grapples with a 25-year low in output. Codelco... 

BHP says iron-ore supply not affected by minor rail car incident

BHP's iron-ore supply has not been affected after a minor incident at a railyard near Port Hedland in Western Australia, the company said on Wednesday. “A single rail car has come off the tracks... 

Rio Tinto open to big copper buys but cautious of overheated market

Rio Tinto may consider a large acquisition but it would have to provide value that is hard to find amid a copper market that is running hot, CEO Jakob Stausholm said on Wednesday while discussing...