Saudi’s R23bn Barloworld offer gets Glass Lewis, ISS nod

Barloworld shareholders should accept a takeover offer for the Caterpillar-equipment distribution business in Africa because it’s a good deal, according to recommendations by two proxy advisory... 

Australia is 'killing' US aluminium market, Trump adviser says

Australia is “killing” the US aluminum market, a senior trade adviser to President Donald Trump said, in a potential blow to Prime Minister Anthony Albanese’s efforts to secure an exemption from... 

US should stop closure of coal-fired power plants, Wright says

The US should stop the closure of coal-fired power plants, Energy Secretary Chris Wright said, adding the fuel source would be essential to the nation’s power system for decades to come. “We are... 

Mali and Barrick talks suspended without reaching an agreement

Mali and Barrick Gold Corp’s negotiations to end a protracted dispute over payments from the country’s biggest gold mine have been suspended, according to people familiar with the government’s... 

South Africa set to lower inflation target in 2026, poll shows

South Africa will probably wait until next year to lower its inflation target to address more pressing issues such as weak economic growth and fiscal consolidation, according to a survey of... 

Trump tariffs spell fresh turmoil for volatile aluminum market

The global aluminum market is entering a fresh period of upheaval as traders rush to assess the potential impact of renewed US protectionism under President Donald Trump. The US leader ordered... 

China’s nickel overcapacity spurs another surge in metal exports

Chinese refined nickel exports could almost treble this year, as domestic overcapacity produces yet another glut of metal that will have to be absorbed by overseas markets. The country flipped to... 

South Africa eases rules for deals with State under R2bn

South Africa enacted changes to its public-finance laws that will reduce the red tape for projects valued at less than R2-billion where the government partners with private businesses. The... 

CATL and Lopal restart China lithium refinery despite price rout

Jiangsu Lopal Tech and Contemporary Amperex Technology are restarting their lithium refinery in China after a roughly five-month halt, further threatening any price recovery for the key battery... 

Ontario says it would ban China from deals on minerals, energy

The leader of Canada’s largest province said the government will ban Chinese components from energy projects if his party is reelected later this month. “China is playing by its own rules, is... 

Key iron-ore port clears ships as storm tracks toward Australia

The iron-ore export hub of Port Hedland has started clearing vessels as a tropical low tracks toward the Western Australian coast, the latest in a series of storm-related disruptions for the region... 

Public Servants Association will accept 5.5% pay-hike offer

South African government workers plan to accept an offer to increase their wages by 5.5%, less than half the percentage initially demanded by State employees. “The majority of our members have... 

Gold edges higher toward record as Trump tariffs aid haven bids

Gold rose toward a record high after President Donald Trump said he would announce duties on steel and aluminum imports on Monday, adding to increasing uncertainty in global financial markets.... 

Saudi Arabia’s Maaden raises $1.25bn to fund mining growth

Saudi Arabian Mining Co., commonly known as Maaden, has raised $1.25-billion from its debut Islamic bond sale as the company looks to fund a huge expansion program over the next five years. Maaden... 

Why Trump wants Canada’s wealth of critical minerals

When Canada’s Prime Minister Justin Trudeau told a group of executives that President Donald Trump wasn’t kidding about annexing Canada, he offered one reason: critical minerals. Canada is rich in... 

Quebec calls for early talks of trade deal as Trump brings metal tariffs

Canada should try to accelerate the renegotiation of the North American trade agreement, Quebec’s premier said, after US President Donald Trump said he plans to put 25% tariffs on all US steel and... 

Mongolia seeks to boost coal exports to China with new rail link

Mongolia plans to press China next week to approve a new railway link that could boost an already growing coal trade between the two countries. Mongolian Prime Minister Oyun-Erdene Luvsannamsrai... 

Tungsten miner says clients in disbelief as China chokes supply

The phone has been ringing off the hook for Lewis Black after China imposed export controls on tungsten, a niche metal mined by his firm that’s crucial to weapons manufacturing. The CEO of North... 

Banks seek new scorecard on apartheid-redress plans

A South African banking-lobby group wants the government to complete a review of a charter created to address inequalities brought about by apartheid to ensure it gives an accurate gauge of... 

Anglo CEO says Mali mining developments cause for grave concern

The Malian government’s overhaul of its extraction industry risks deterring companies from investing in the nation that’s home to the world’s second-largest gold mine, according to Anglo American... 

Breakthrough in NHI impasse

South Africa’s government signalled that it is making headway in resolving an impasse over a new national medical-insurance plan that critics say will infringe on the rights of patients and... 

Gold holds near record high as trade war stokes haven demand

Gold held near a record high in Asian trading, after rising by almost 1% in the previous session, as the opening salvos of the US-China trade war stoked haven demand. Bullion reached an all-time... 

Barrick CEO says miner making progress in dispute with Mali

Barrick Gold CEO Mark Bristow said the company is “making progress” in its dispute with Mali’s military regime, but the advances haven’t come as fast as expected. The Canadian company last month... 

64 NGOs ask EU to cancel mineral pact with Rwanda over Congo war

A group of 64 organizations mainly from the Democratic Republic of Congo sent a letter asking the European Union to cancel a critical minerals partnership with Rwanda because of its support for a... 

Guinea sees maximum Simandou output in second year of operation

Guinea expects the giant Simandou iron-ore project, which is expected to begin production by December, to achieve maximum output by its second year of operation. The government projects the two... 

Africa50 to set up off-grid power, green infrastructure funds

Africa50, a pan-continental infrastructure investor, is setting up the first region-wide investment vehicle dedicated to off-grid power companies and plans a $500-million fund to invest in... 

Insurance tycoon and property developer douw Steyn dies at 72

Douw Steyn, a South African insurance tycoon and luxury property-estate developer, died at 72. The founder of local insurer Auto & General and the UK’s BGL Group also set up Steyn City, a private... 

Gates-backed KoBold begins hunt for battery metals in Namibia

KoBold Metals Co., backed by billionaires including Bill Gates and Sam Altman, is extending its search for battery metals to Namibia, a country not known for producing the minerals. The company is... 

World Bank lifts South Africa GDP forecast on energy, logistics

The World Bank raised its economic-growth forecast for South Africa because of a sustained recovery in its energy and logistics sectors, while warning that the nation will struggle to achieve a... 

De Beers CEO says US diamond demand shows signs of recovery

De Beers said there were signs of a pick up in US diamond demand before Christmas, while India has overtaken China to become the second-biggest market. The industry has been hammered by a collapse... 

Energy giant Vitol targets copper market with hire from Glencore

Vitol Group has hired a former Glencore trader to develop a copper business, as the energy trading powerhouse seeks to enter the highest-profile metals market. Bruno Porto, a veteran copper trader... 

ERG mulls selling Mozambican assets, reviewing Congo permits

Kazakhstan-backed Eurasian Resources Group plans to review some of its mining permits in the Democratic Republic of Congo and is considering selling assets in Mozambique as part of a revamp, the... 

Trump’s Canada, Mexico border deals avert trade war for now

President Donald Trump agreed to delay 25% tariffs on Canada and Mexico for a month after both US neighbors agreed to take tougher measures to combat migration and drug trafficking at the border,... 

Copper and zinc climb as Trump delays tariffs on Canada, Mexico

Copper and zinc rose after President Donald Trump delayed tariffs on Canada and Mexico by a month, dragging the US dollar lower. Copper, an industrial bellwether, extended gains Tuesday amid the... 

US aluminium industry urges Trump to exempt Canada from tariffs

The US aluminum industry called on President Donald Trump to exempt Canadian imports of the raw metal from his planned tariffs to help protect jobs and domestic manufacturers. Trump announced... 

Metals drop as Trump tariffs raise inflation, growth fears

Iron-ore and aluminum led metals lower after President Donald Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that could sap global economic growth. The steelmaking... 

Diamond-dependent Botswana needs economic reset, new leader says

Botswana’s government will develop new industries, dismantle the State power utility to foster private investment and increase concessional borrowing as part of a plan to diversify the... 

Indonesia says climate plan 'certain' to be scrapped by Trump

An international plan to wean Indonesia off coal is certain to be scrapped by US President Donald Trump, according to the country’s climate envoy. The US is certain to exit the nation’s Just... 

Trump barrels toward tariff showdown with Canada, Mexico, China

President Donald Trump is poised to unleash his first wave of tariffs Saturday, sending foreign governments and businesses rushing to skirt potential duties and prepare for retaliation. The... 

World Bank, AfDB set terms for Africa to win $40bn in power finance

The World Bank and African Development Bank (AfDB) laid out the terms African nations will need to meet to win $40-billion in finance to tackle the continent’s electricity crisis. The two...