Glencore's Cerrejon to reduce Colombia coal output by as much as 10Mt/y on transport costs

Cerrejon, a subsidiary of Anglo-Swiss commodities giant Glencore, said on Tuesday it will begin reducing production at its Colombia coal mine by between 5-million and 10-million tons a year, taking... 

Trafigura scraps plans for A$750m hydrogen plant in South Australia

Trafigura has abandoned plans to build an A$750-million green hydrogen plant at its Port Pirie lead smelter in South Australia, a spokesperson for the global commodity trading firm said on... 

Zambia's CEC to invest $500m in power projects to increase transmission

Zambia's Copperbelt Energy Corporation (CEC) will invest $500-million over the next two years to increase its solar power output and double the capacity of a power transmission line to Democratic... 

US jet fuel imports surge as Nigeria's Dangote refinery pushes barrels west

US jet fuel imports are set to hit a two-year high in March after Nigeria's Dangote refinery pushed barrels to North America, which should lower prices of the aviation fuel in the peak summer... 

Gold rally attracts investors back to mining stocks after months of outflows

Funds that invest in gold miners are set to attract their largest net monthly inflows in more than a year in March, as record-high gold prices improve firms' profit outlooks and boost cash flow.... 

Gold Road Resources hits record high after spurning Gold Fields' bid

Shares of Australia's Gold Road Resources climbed an all-time peak on Tuesday, a day after rebuffing South African miner Gold Fields' $2.1-billion acquisition proposal, deeming it to significantly... 

Astral Foods flags sharp profit fall, reports cyber attack

Astral Foods said on Monday it expects its half-year profit to decline by as much as 60%, with a recent cybersecurity incident compounding the impact of lower chicken prices and higher input costs.... 

Canada aims for free internal trade that can offset any US tariffs, Carney says

Prime Minister Mark Carney on Friday said Canada could offset the effects of any US tariffs by removing internal trade barriers and that he aimed for free trade within the country by July 1, after... 

Copper’s uber-bull predicts new record on most-profitable-ever trade

One of the highest-profile copper bulls is back predicting new price records, as Donald Trump’s threat of tariffs drains global stocks and creates what he sees as unprecedented opportunities for... 

Panama President says he is waiting for First Quantum to suspend mine arbitration

Panama's President Jose Raul Mulino said on Thursday that his government has not been notified yet by Canada's First Quantum Minerals that the miner has suspended arbitration over its shuttered... 

Former Newmont executive tapped to oversee mining on US energy council, sources say

Former Newmont executive David Copley has been tapped to oversee the mining portfolio for the US National Energy Dominance Council, two sources familiar with the appointment said, making him the... 

Trump invokes emergency powers to boost US critical minerals production

US President Donald Trump on Thursday invoked emergency powers to boost domestic production of critical minerals used widely across the economy as part of a broad effort to offset China's... 

Trump administration to open more Alaska acres for oil, gas drilling

US Interior Secretary Doug Burgum on Thursday announced steps to open up more acreage for oil and gas leasing and lift restrictions on building an LNG pipeline and mining road in Alaska, carrying... 

Paladin Energy halts uranium mining in Namibia due to heavy rainfall, shares slip

Australian uranium producer Paladin Energy said on Friday it had temporarily halted operations at its Langer Heinrich Mine in Namibia due to heavy rainfall in the country, sending its shares to an... 

UK fines LME nearly $12m over handling of 2022 nickel crisis

Britain's financial regulator on Thursday fined the London Metal Exchange 9.2-million pounds ($11.9-million) over its handling of the 2022 nickel crisis, and said the exchange had failed to ensure... 

China's HBIS collaborates with Vale to advance steel decarbonisation

Chinese steelmaker HBIS group signed a memorandum of understanding (MoU) with iron-ore mining giant Vale to promote decarbonisation in the steel value chain, both companies said on Thursday. Both... 

China export controls freeze antimony shipments to EU from October

China has not shipped any antimony to European Union countries since October, customs data showed on Thursday, after the dominant supplier imposed export controls that have fuelled a surge in... 

Gold climbs to record high as Fed signals two rate cuts in 2025

Gold rose to an all-time high on Thursday as the Federal Reserve hinted at two possible interest rate cuts this year, bolstering bullion's appeal amid ongoing geopolitical and economic woes. Spot... 

Colombia to launch May copper auction, aiming to substitute imports

Colombia's government will launch an auction in May for copper mining projects, a senior sector official said on Wednesday, part of a push to meet local demand for the industrial metal while easing... 

Danish fund manager CIP gets A$841m from Australia for green hydrogen project

Danish clean energy fund manager Copenhagen Infrastructure Partners (CIP) said on Thursday it had received A$814-million from the Australian government for its Murchison Green Hydrogen project.... 

AMSA confirms it is in talks to defer long steel plant closure

ArcelorMittal South Africa (AMSA) said on Wednesday it is in talks with the government and other parties for funding that could delay the planned closure of its long steel operations. The... 

Anti-graft groups target Bollore Group over old Africa assets, demand restitution

A dozen anti-graft campaigners have filed a complaint against logistics group Bollore and its former CEO with the French financial prosecutor, accusing them of using connections and... 

European bismuth prices rocket to record highs on China export curbs

Bismuth prices in Europe have surged to all-time highs as China's export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals, according to traders and... 

South Africa consumer inflation at 3.2% y/y in February

South Africa's headline consumer inflation remained at 3.2% year on year in February, unchanged from the month before, data from the statistics agency showed on Wednesday. In month-on-month terms... 

Rio Tinto backs dual-listed structure, asks shareholders to reject Pallister's bid

Mining major Rio Tinto on Wednesday backed its dual-listed structure and asked shareholders to vote against London-based hedge fund Palliser Capital's resolution to review the firm's two listings... 

Moody's expects South Africa's coalition government to reach budget compromise

Ratings agency Moody's expects South Africa's coalition government to reach a compromise that allows the country's deadlocked budget to pass with its focus on fiscal consolidation intact. "Our... 

Nornickel boss expects updates on copper JV in China in coming months

Vladimir Potanin, the head of Russian metals and mining giant Nornickel, said on Tuesday that he expects news about a copper-producing joint venture in China in the coming months. Nornickel is in... 

Trump says he’s authorising administration to produce coal power

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil... 

Thermal coal miner New Hope seeks acquisitions as funding options improve

Australian coal miner New Hope is on the hunt for acquisitions, said CEO Rob Bishop, and given improving investor appetite for New Hope debt he had no worries about financing growth in... 

US says South African ambassador's remarks were 'unacceptable'

Remarks by South Africa's ambassador to the United States about President Donald Trump were "unacceptable," a State Department spokesperson told reporters on Monday after Washington last week made... 

Gold hits record high as tariff uncertainty fuels safe-haven demand

Gold prices scaled a record peak above the crucial $3 000-mark on Tuesday for the second time in a week, as investors sought cover from economic concerns fuelled by US President Donald Trump's... 

Trump-driven turbulence draws new investors into gold

Investors seeking shelter from political and economic volatility triggered by the new US administration are increasingly moving into gold Exchange-Traded Funds, adding momentum to the market's... 

New Canadian PM says he can work with Trump

Ex-central banker Mark Carney was sworn in as prime minister of Canada on Friday and immediately said he could work with US President Donald Trump, who is promising tariffs that could devastate the... 

TotalEnergies faces French manslaughter probe over Mozambique attack

French prosecutors have opened an investigation into TotalEnergies over potential manslaughter and a failure to assist people in danger during a jihadist attack in Mozambique, the energy firm said,... 

US expels South Africa's ambassador, calling him 'race-baiting' Trump hater

The US is expelling South Africa's ambassador, Secretary of State Marco Rubio said, calling the envoy a "race-baiting politician" who hates President Donald Trump. Ties have slumped since Trump cut... 

ExxonMobil Australia, Woodside approve final investment decision for A$350m gas project

ExxonMobil's Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy has approved its final investment decision to develop the Turrum Phase 3 project, targeting... 

India proposes to set up trading exchange for domestic coal

India plans to establish a coal trading exchange to buy and sell domestically produced coal amid growing output from mines operated by private companies, the federal government said in a notice... 

Aluminium giant Rusal posts near three-fold profit jump as costs drop

Russia's Rusal on Friday reported a near three-fold jump in its annual earnings, reflecting lower production costs and higher prices for aluminium. Hong Kong-listed Rusal, the world's largest... 

Fitch thinks S Africa will struggle to stabilise debt as projected in budget

Fitch ratings agency said on Friday that it thought South Africa's government would struggle to stabilise debt as projected in this week's revised budget. "South Africa's 2025 budget, unveiled on... 

Australia's AVZ Minerals scores legal victory against Congo over disputed lithium mine

Australia's AVZ Minerals said on Friday it secured a legal victory over the Democratic Republic of Congo (DRC) and China's Zijin Mining over the Manono lithium mine rights, and is in talks with US...