South Africa's white Afrikaner separatists want Trump's help to become state

A group of white Afrikaners was so opposed to majority Black rule when apartheid ended some three decades ago that they carved out a separatist enclave, the only town in South Africa where all... 

Australia's Galan Lithium declines $150m buyout bid for Argentine assets

Australia's Galan Lithium said on Thursday that it rejected an offer from Zhejiang Huayou Cobalt and Renault Group to acquire the lithium explorer's stake in its Argentine assets for $150-million... 

South Africa business activity contracts for fourth month in a row – PMI

South Africa's private sector shrank in March for the fourth consecutive month, as output and sales declined amid economic uncertainty, a survey showed on Thursday. The S&P Global South Africa... 

With US tariffs, India's jewellery exports set for sharp decline

India's $32-billion gems and jewellery industry is bracing for a sharp fall in exports as hefty US tariffs will impede overseas sales to its biggest market, industry officials said. The US slapped... 

Global coal power capacity inches up in 2024, data shows

The world's coal-fired power fleet inched up by 18.8 GW in 2024, its lowest rise in two decades, but new additions in China and India continued to offset closures elsewhere, data from US think tank... 

Australian shares crash in Trump tariff meltdown

Australian shares plunged 2% in a sea of red on Thursday as investors recoiled after US President Donald Trump announced sweeping tariffs on all imports, in a move that ratchets up a global trade... 

Oil, copper slide as Trump tariffs rattle markets; gold hits record high

Commodities including oil, copper and agricultural products fell on Thursday as US President Donald Trump's aggressive tariffs on key trading partners fuelled fears of a global recession, while... 

US produces most uranium since 2018, EIA says

The US produced more uranium concentrate, which is used to fuel nuclear reactors, in the last three months of 2024 than it had in any quarter in the last six years, the US Energy Information... 

Markets reel as US tariffs stoke fear of 'spiral of doom' for growth

President Donald Trump's new tariffs sent shockwaves through markets on Thursday, with the dollar and US stocks among the hardest hit on fears a broadening trade war will spur recession in a... 

Perth Mint's March gold sales hit 4-month high, silver up 48% m/m

The Perth Mint's gold product sales in March rose to a four-month high, while silver sales rose 48% from the previous month, the refiner said on Thursday, driven by strong demand. The Perth Mint,... 

Budget vote passes but key coalition partner dissents

South Africa's parliament passed the budget's fiscal framework on Wednesday after weeks of political wrangling, but the future of the coalition government was thrown into doubt after a key... 

BHP considered spinning off iron-ore, coal divisions

The world's biggest listed miner BHP Group considered spinning off its Australian iron-ore and coal divisions as part of a medium-term growth strategy, three sources with knowledge of the matter... 

Trump's tariffs will be negative the world over, says ECB's Lagarde

US President Donald Trump's planned tariffs will be negative across the world, with the damage depending on how far they go, how long they last and whether they lead to successful negotiations,... 

Indian conglomerate Vedanta seeks global partner for $20bn expansion plan

Indian metals-to-oil conglomerate Vedanta is looking for a global company to partner with on expansion projects worth $20-billion across zinc, aluminium, copper, iron, steel, oil, gas and power, as... 

Trump to escalate global trade tensions with new reciprocal tariffs on US trading partners

US President Donald Trump was poised to impose sweeping new reciprocal tariffs on global trading partners on Wednesday, upending decades of rules-based trade, threatening cost increases and likely... 

Lithium Americas reaches final investment decision for Thacker Pass mine

Lithium Americas said on Tuesday it has reached a final investment decision (FID) for constructing the first phase of the Thacker Pass lithium mine in Nevada. The Thacker Pass project is a joint... 

First Quantum shares rise after company drops arbitration against Panama

First Quantum Minerals' shares rose by as much as 3% on the Toronto Stock Exchange early on Tuesday after the company said it had discontinued arbitration proceedings against the Panama government.... 

Trump administration weighs new coal leases at North Dakota mine

The Trump administration on Tuesday took a key step toward leasing new areas to a North Dakota coal mine that is proposing to operate through 2045. The publication of a draft environmental analysis... 

South Africa seeks meeting with US on auto tariffs

South Africa will seek a meeting with US authorities on auto tariffs, Trade Minister Parks Tau said on Tuesday, noting the levies are a concern as the country has preferential trade status with the... 

Vale to receive $1bn in Alianca Energia JV deal

Brazilian miner Vale said on Monday it agreed to form a joint venture with US-based investment firm Global Infrastructure Partners (GIP) through its Brazilian renewable energy business Alianca... 

Gold hits all-time high as Trump's tariff plans stir inflation worries

Gold prices hit a record peak on Tuesday, as concerns that US President Donald Trump's reciprocal tariffs might fuel inflationary pressures and impede economic growth drove safe-haven demand. Spot... 

Freeport-McMoRan lowers first-quarter gold sales forecast

Miner Freeport-McMoRan lowered its forecast for first-quarter gold sales on Monday, after shipment timing issues in Indonesia led to a deferral of a portion of its quarterly production to future... 

White House weighs executive order to fast-track deep-sea mining, sources say

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process,... 

First Quantum to discontinue two Cobre Panama arbitration proceedings

First Quantum Minerals said on Monday it had agreed to discontinue two arbitration proceedings related to its Cobre Panama copper mine, raising the prospect of negotiations to resume production at... 

Norway sovereign wealth fund to vote against Rio Tinto dual-listing review resolution

Norges Bank Investment Management will vote against a resolution for mining major Rio Tinto to review its two listings in London and Sydney, the website for Norway's sovereign wealth fund showed.... 

Kremlin says US companies have shown interest in rare earth projects in Russia

The Kremlin said on Monday that some Americans companies had shown interest in joint rare earth metals projects in Russia, but cautioned that such discussions were still at an early stage. Russian... 

Two dead, four missing in Spanish mine accident

At least two miners died on Monday and four were missing in an accident in a mine in the northern Spanish region of Asturias, the regional emergency service said. The emergency service said... 

Tamboran to supply gas for Arafura's Nolans project

Australia's Tamboran Resources will supply gas from its Beetaloo basin assets in the Northern Territory to local rare earths miner Arafura's Nolans project for up to 10 years, the companies said on... 

Gold surges past $3 100 as US tariffs, uncertainty propel safe-haven flows

Gold prices on Monday soared above $3 100/oz for the first time as concerns around US President Donald Trump's tariffs and the potential economic fallout, combined with geopolitical worries, drove... 

First Quantum halts public tours of closed Panama copper mine

First Quantum Minerals said on Thursday it would suspend public tours of its shuttered copper mine in Panama after the country's president said the Canadian miner should not give the impression... 

Woodside to sell some Trinidad and Tobago assets for $206m

Australia's Woodside Energy said on Friday it would sell some assets in its offshore oil and gas project in Trinidad and Tobago to London-based Perenco for $206-million. The sale includes the... 

Indian state firms seek stake in SQM's lithium projects in Australia, sources say

Four Indian State firms are in talks with Chilean miner SQM to acquire a 20% stake in its two lithium projects in Australia for $600-million, four sources said, in New Delhi's biggest effort to... 

South Africa producer inflation at 1.0% y/y in February

South Africa's producer inflation was at 1.0% year on year in February from 1.1% in January, statistics agency data showed on Thursday. The Producer Price Index was at 0.4% in month-on-month terms... 

South Africa shifts to FDI inflows in fourth quarter, central bank says

South Africa recorded foreign direct investment inflows of R7.5-billion in the fourth quarter, compared to outflows of R3.2-billion in the third quarter, central bank data showed on Thursday. The... 

Citi cuts copper price forecast, sees 25% US import tariff in second quarter

Citi Research forecast that a 25% US copper import tariff would be imposed in the second quarter of this year and lowered its three-month price outlook to $9 500 per metric ton, down from $10 000... 

Deep sea mining impacts still felt forty years on, study shows

A strip of the Pacific Ocean seabed that was mined for metals more than 40 years ago has still not recovered, scientists said late on Wednesday, adding weight to calls for a moratorium on all deep... 

Glencore's South African refinery to invest up to R6bn to produce cleaner fuels

Astron Energy, a unit of global commodity trader Glencore, will invest up to R6-billion to install new equipment and become compliant with South Africa's cleaner fuel specifications ahead of a 2027... 

Mali expects rise in gold output in 2025 on reopened Barrick operations

Mali is forecasting a slight recovery in industrial gold output in 2025 on the assumption that mining giant Barrick Gold will resume operations after a months-long standoff with the government, a... 

Buenaventura seeks to unlock $2.7bn mine project with water deal

Buenaventura, one of Peru's largest mining firms, signed a water concession with the government on Tuesday in a bid to unlock the development of a major copper project at a time when the country's... 

Panama has not authorised visits to the Cobre Panama copper mine

Panama has not authorised visits to First Quantum's shuttered Cobre Panama mine, the country's Ministry of Commerce and Industry said in a statement on Tuesday. "Any entry of third parties to...