Peru mining chamber sees copper output up 2-4% this year

Peru's copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca. That would put Peru's copper... 

Mali State gold mining revenue jumps 52.5% in 2024

State revenue from gold mining companies in Mali jumped by 52.5% last year, helped by an increase in tax collection and dividend payments after a new mining code entered into force, a mines... 

Tin hits two-month low as major mine in Congo resumes production

Tin prices slumped to two-month lows on Wednesday after major producer Alphamin Resources Corp said it was launching a phased resumption of operations at its Bisie mine in Democratic Republic of... 

Mozambique backs Eni’s $7.2bn floating LNG project

Mozambique approved Eni’s $7.2-billion floating liquefied natural gas (LNG) project, the nation’s second led by the Italian major to export the fuel. The Coral Norte LNG vessel will have an annual... 

Angola's Sonangol seeks $4.8bn to bridge Lobito refinery funding gap

Angola's Sonangol is in talks with Chinese and European banks to overcome a $4.8-billion funding shortfall for its planned 200,000 barrel per day Lobito refinery, an executive with the State-owned... 

Congo hands over Americans jailed over failed coup as talks on minerals progress

Three American citizens jailed over a failed coup attempt in Democratic Republic of Congo were handed over to US custody on Tuesday, officials said, following high-level talks between the two... 

Rand near record low on tariff war, coalition friction

The South African rand traded near an all-time low against the dollar on Wednesday, bruised by global risk aversion linked to U.S. President Donald Trump's tariffs and uncertainty over the future... 

Europe seen struggling to compete with China on rare earths

urope will probably be able to produce only a small portion of rare earths it needs for electric vehicles and wind turbines by 2030, mainly due to cheap competition from dominant producer China, a... 

Rio Tinto hopes Trump provides favourable path for Resolution copper mine

Miner Rio Tinto sees US President Donald Trump's administration showing more interest in a bigger copper supply chain and hopes that will help push forward its Resolution mine project in Arizona,... 

Oil suffers biggest 5-day drop since 2022, metals plunge as trade war escalates

il prices fell to a four-year low on Wednesday in its worst five-day losing streak in three years, while several commodities, including base metals, tumbled as the trade war between China and the... 

Trump's latest tariffs kick in, deepening global trade war

President Donald Trump's "reciprocal" tariffs on dozens of countries took effect on Wednesday, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared... 

BHP gives Chile a $13bn reason to cut red-tape for mines

BHP Group is ready to start spending $13-billion to overhaul its aging copper mines in Chile, but is grappling with red tape, an executive said Tuesday. “As a country, we must act with a sense of... 

Anglo American urges faster permits in Chile to close copper supply gap

hile needs to speed up its permitting processes to help copper mining expand ahead of a large supply gap expected in the coming years, Anglo American Chile CEO Patricio Hidalgo said on Tuesday.... 

Peabody reviews options for $3.78bn deal for Anglo American's assets

Peabody Energy said on Tuesday it was reviewing all options related to its $3.78-billion acquisition agreement with Anglo American for some of its Australian steelmaking coal assets after an... 

China's CMOC boosts cobalt output at Congo mines amid export ban

CMOC Group boosted cobalt production at its mines in the Democratic Republic of Congo in the first three months of this year even after authorities in the country imposed a temporary halt in... 

Chile regulator: Copper prices have likely peaked as US-China trade war looms

Chile's state copper commission Cochilco on Monday said that prices for the red metal have likely already peaked this year amid an escalatingtrade war, as U.S. President Donald Trump threatened to... 

Chile has 28% more lithium than previous estimates, studies find

Chile's total lithium resources are 28% greater than previously estimated, according to new studies of salt flats in the northern Antofagasta region that show a higher amount of the battery metal,... 

Freeport-McMoRan CEO flags concern over global growth amid US tariffs

The CEO of copper producer Freeport-McMoRan said on Monday she was concerned about the health of the global economy and the possibility of recession and inflation in the wake of US tariffs rolled... 

Rand recovers some ground with coalition's future the focus

The rand strengthened in early trade on Tuesday, recovering some of the ground it lost a day earlier, with the future of the country's multi-party government the main focus. At 0706 GMT, the rand... 

Boeing settles lawsuits with two 737 MAX crash victims' families

US planemaker Boeing Co reached settlements with the families of two people who died in the March 2019 crash of an Ethiopian Airlines Boeing 737 MAX on the eve of a trial, the company and lawyers... 

Ferrexpo's iron-ore pellet output slumps 26% as Ukraine halts VAT refund

Ukraine-focused miner Ferrexpo reported a 26% drop in first-quarter iron ore pellet production on Monday, as a suspension of its VAT refunds in the country cut liquidity and forced it to scale back... 

Oil tumbles further as US-China trade conflict fuels recession fears

Oil prices extended losses on Monday, falling 3% as escalating trade tensions between the United States and China stoked fears of a recession that would reduce demand for crude while OPEC+ readies... 

As Chile revs up lithium plans, Indigenous people demand more control

Chile's Indigenous communities in the lithium-rich Atacama Desert are in talks with two of the nation's biggest miners to gain more influence over plans to increase extraction of the battery metal,... 

South African rand hits 18-month low, stocks recover from plunge

South Africa's rand slumped to its weakest in 18 months on Monday, while local stocks plunged before staging a recovery as US President Donald Trump's sweeping tariffs and global recession fears... 

Trump's tariff 'medicine' injects turmoil into global markets

US President Donald Trump warned foreign governments they would have to pay "a lot of money" to lift sweeping tariffs, characterising the duties as "medicine" and triggering further carnage across... 

Chile Minister says copper could find support at $3.9/lb

 Chilean Mining Minister Aurora Williams said copper prices could reach a technical support level at $3.90 a pound amid current uncertainty, Diario Financiero reported on Sunday. The minister said... 

Woodside Energy to sell 40% stake in Louisiana LNG project to Stonepeak

Australian energy company Woodside Energy said on Monday that it will sell 40% stake in its Louisiana LNG Infrastructure project to investment firm Stonepeak. Under the deal, Stonepeak will... 

Australian heavy rare earths miners rally on China export controls

 Australian-listed miners of heavy rare earths rallied on Monday, shrugging off major selloffs across other markets, on bets Western governments would renew their push to develop a separate supply... 

Treasury looking at alternatives to VAT hike

National Treasury is looking at alternative revenue-raising options to a value-added tax (VAT) increase, but the chances of avoiding it are low, President Cyril Ramaphosa said on Sunday. The second... 

Silver hits over eight-week low as market frets about industrial demand

Prices of silver dropped to over eight-week lows on Friday as concerns about demand for the industrial precious metal dominated sentiment due to recession fears stemming from US President Donald... 

China files complaint with WTO over new US tariffs

China said it had opened a formal complaint against the new US tariffs with the World Trade Organization (WTO) on Friday, saying the measures violate WTO rules and requesting consultations.... 

Africa's top climate negotiator says 'no reverse gear' on commitments

The world has no choice but to press on with climate commitments despite the United States pulling out of a key international accord, given the threats posed by global warming and the progress... 

South Africa says Trump's tariffs cancel out AGOA trade initiative

South Africa's government said on Friday that tariffs announced by President Donald Trump this week effectively nullified the benefits African countries enjoy under US trade initiative the African... 

China hits back hard in global trade war with tariffs on US goods

China announced additional tariffs of 34% on US goods on Friday, the most serious escalation in a trade war with President Donald Trump that has fed fears of a recession and triggered a global... 

Indian delegation to visit Chile seeking stake in SQM's lithium projects, source says

Indian officials will visit Chile next week to discuss plans for four State companies to take a stake in two lithium projects of the world's No. 2 producer of the metal, SQM, a source said. The... 

Glencore seeks Australian government bailout for local copper assets

Anglo-Swiss commodities giant Glencore said that it has approached both Queensland's and the Federal Government of Australia about the future of its Mount Isa copper smelter and Townville copper... 

Rio Tinto amends flight delay policy for Pilbara mine workers, union says

An Australian mining union said on Friday iron-ore giant Rio Tinto RIO.AX agreed to amend its policies including flight delay compensation to benefit workers at the Paraburdoo project in the... 

After tariffs, US dangles billions of dollars in Congo mineral investment

The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country's east, President Donald Trump's senior adviser for Africa... 

HSBC raises gold price forecasts amid geopolitical tensions

HSBC raised its average 2025 and 2026 gold price forecast to $3 015 and $2 915 per ounce respectively, citing geopolitical risks. This is an increase from its previous forecasts of $2 687 and $2... 

Bolivia wildcat mining clash sees explosions as six reported dead

A violent clash between two groups of Bolivian miners disputing the exploitation of small gold deposits left six people dead and some others missing, a mining cooperative representative said on...