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South Africa's FDI inflows pick up in first quarter - central bank
South Africa recorded foreign direct investment inflows of R24.4-billion in the first quarter of 2024, up from a revised R2.5-billion in the previous quarter, central bank data showed on Thursday....
S Africa consumer confidence recovers in Q2, survey shows
South Africa's consumer confidence improved slightly in the second quarter due to fewer hours of loadshedding and a drop in fuel and food prices, but uncertainty around national elections kept some...
Vedanta in talks with IHC unit, investors for Zambian copper stake sale
International Resources Holding (IRH), the mining investment arm of United Arab Emirates' richest company, is among investors holding talks on buying into Vedanta Resources' Zambian copper assets,...
Namibia to build second desalination plant in January
Drought-prone Namibia, currently facing its worst drought in over a century, will start constructing its long-awaited second desalination plant in January 2025, the minister of agriculture said on...
Australia's Tamboran Resources raises $75m in New York listing
Australia's Tamboran Resources has priced its shares at $24 each to raise $75-million in its New York listing, according to the company's filings on Thursday. The company sold 3.125-million shares...
Recycling to kick in as long-term solution to EU rare earths challenge
EU companies are gearing up to take advantage of the huge potential for recycling to supply critical rare earths for the bloc's green transition, but it will take time before there is enough supply...
Norway to award Arctic blocks for seabed mining in 2025
Norway offered large areas of the Arctic region for its inaugural seabed mineral licensing round on Wednesday and aims to award exploration permits during the first half of 2025, the country's...
E3 Lithium expects Clearwater to produce 32 250 t/y
Canadian lithium-focused company E3 Lithium said on Wednesday its Clearwater Project in Alberta would have an initial capacity of 32 250 t/y of lithium hydroxide. Backed by Exxon's Imperial Oil,...
Freeport Indonesia launches $3.7bn Gresik copper smelter
Copper and gold miner Freeport Indonesia on Thursday launched its $3.7-billion copper smelter in Gresik, East Java, that has a total input capacity of 1.7-million metric tons of copper...
Meteoric to supply Brazil rare earths magnet factory
Rare earth developer Meteoric Resources will collaborate with a regional department of Brazil's Minas Gerais state to explore the production of rare earth magnets, the Australian company said on...
Rainbow Chicken lists on South Africa's JSE
Leading South African poultry producer Rainbow Chicken listed on the Johannesburg Stock Exchange on Wednesday, as part of its unbundling from RCL Foods. RCL Foods, whose brands include Selati...
Two killed in mortar attack on South African army base in Congo
South Africa's military said on Wednesday that a mortar attack on one of its bases in eastern Democratic Republic of Congo a day earlier had killed two people and injured 20 others. South African...
Sibanye CEO says may close metals streaming deal in third quarter
Sibanye Stillwater CEO Neal Froneman said on Tuesday it may close a metals streaming, or prepayment, deal to raise the cash it needs to boost its balance sheet in the third quarter. The...
BHP Group's carbon emissions to rise slightly this year
BHP Group's operational carbon emissions are set for a "small increase" this financial year, an executive said on Wednesday, as the miner said its path to net zero would not be linear and requires...
Zimbabwe's Kuvimba in advanced talks for lithium project partners
Zimbabwe's State-owned Kuvimba Mining House has advanced plans to secure investment for a $270 million lithium plant at its Sandawana Mine, where production of concentrates is expected to start by...
Cilo Cybin becomes first medical cannabis company to list in South Africa
South Africa's Cilo Cybin on Tuesday became the first medical cannabis company to list on the Johannesburg Stock Exchange's Alternative Exchange, as it hopes to capitalise on growth in the legal...
Lilac Solutions releases lithium extraction data amid rising competition
Lilac Solutions said on Tuesday the latest version of its lithium extraction technology can recover more than 90% of the lithium found in many brine formations, and that it has cut the construction...
Exxaro weighing options for Australian coal JV amid Anglo's planned exit
Exxaro Resources is weighing its options for its Australian coal joint venture project with Anglo American following the mining giant's planned exit from the business, an executive said on Tuesday....
Exiting coal isn’t the way to net zero, Australian pension says
Blacklisting the coal industry won’t get the world to net zero emissions, according to an Australian pension fund that says such exclusions ultimately slow down the transition to a low-carbon...
Aluminium prices under pressure, but brighter prospects on the horizon
Weak global manufacturing has hit aluminium prices, but the impact is likely to be short-lived as the physical market is tight, including in top consumer China. A deficit in top producer China -...
Eramet, BASF cancel plan to invest $2.6bn in refining complex in Indonesia
French miner Eramet said on Monday it had decided, along with Germany's BASF, to cancel a $2.6-billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia. "After a...
Heavy rains in Chile cause mining tailing overflow
s heavy rains continue to pummel Chile, cutting off areas of the country and damaging thousands of homes, one community is dealing with a tailings dam rupture that has sent heavy metals throughout...
India to auction 21 critical mineral blocks across more than six states
India will auction 21 critical mineral blocks as part of the fourth tranche worth 830 billion rupees ($9.94 billion) across more than six states, the government said on Monday. Ten out of these...
Funds to retrench, magnifying copper's losses
Sluggish demand in top consumer China and soaring inventories mean funds are likely to retreat further from the copper market, analysts say, adding more pressure to prices which have dropped around...
Tianqi weighs legal actions after Chile regulator clears SQM-Codelco deal
China's Tianqi Lithium said on Friday it was evaluating possible legal action against a Chilean regulator's ruling allowing a tie-up between No. 2 lithium producer SQM, which it owns around a fifth...
OceanaGold halts operations at Philippines mine after worker death
OceanaGold has suspended operations at its Didipio mine in the Philippines for 24 hours after an employee died at the site, the Canadian miner said on Friday. The employee was found unresponsive...
Australia's east faces immediate gas shortage amid cold snap, outage
Australia's east is facing a gas shortage after a cold snap drove up demand for heating and power while supply dipped due to an extended outage at the region's main gas plant, the energy market...
China's Tsingshan $1bn steel plant in Zimbabwe starts production
China's nickel giant Tsingshan Holding Group has started production at its $1-billion steel plant in central Zimbabwe, a company official said on Thursday. Tsingshan's Dinson Iron and Steel Company...
France's Orano says Niger has removed mining permit for its Imouraren unit
French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren. Orano said the decision would have a negative economic impact on Niger and added it...
China's coal imports from Russia rise to eight-month high in May
Russia's coal shipments to China rose to the highest level in eight months in May after Moscow suspended export duties, official data showed on Thursday. Russia's coal exports to China rose to...
Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC
Barrick Gold said in a letter to the United Nations Human Rights Council on Thursday that allegations of human rights violations at its North Mara gold mine were "misdirected, unfounded" and...
Canada oil sands group removes online content over federal anti-greenwashing rules
he Pathways Alliance, a group of Canada's biggest oil sands producers, has removed all content about environmental goals from its website and social media pages, citing "significant uncertainty"...
Pilbara Minerals eyes A$1.2bn road to double lithium output
Pilbara Minerals, Australia's biggest independent lithium producer, on Friday laid out a A$1.2-billion plan to double production capacity for lithium spodumene at its Pilgangoora operation in...
Vale unveils $3.3bn plan to boost copper and nickel output
Vale plans to spend as much as $3.3-billion on improvements at its mining operations in Brazil and Canada to boost copper and nickel production capacity over the next four years. The Brazilian...
Dutch miner AMG buys into Portuguese lithium project
Dutch miner AMG has acquired a 15.77% stake in London-based Savannah Resources to become the largest shareholder in the company that is developing a lithium project in northern Portugal, the...
Australia to fund road clearing to Porgera mine after PNG landslide
Australia said it would provide A$2-million to Papua New Guinea to restore road access to the Porgera gold mine, previously one of the world's largest, and other support for survivors after a...
South African inflation stable but still above central bank objective
South African inflation was stable in May, data showed on Wednesday, but analysts do not expect interest rate cuts any time soon as it remains above the central bank's desired level. Headline...
South Africa finds high prices, lack of competition in its fresh produce market
South Africa's competition watchdog has uncovered barriers to entry, distorted competition and price mark-ups in its fresh produce market, according to a provisional report released on Tuesday...
JCHX closes in on Zambian copper mine deal as China tightens Africa grip
JCHX Mining is close to concluding a deal to buy Zambia's Lubambe Copper Mine, two sources told Reuters, in the latest in a string of copper deals by Chinese companies intent on growing their...
US Senate passes bill to support advanced nuclear energy deployment
The US Senate on Tuesday passed a bill to accelerate the deployment of nuclear energy capacity, including by speeding permitting and creating new incentives for advanced nuclear reactor...
US-based Capital Group sells Fortescue shares worth A$734m
US-based investment management firm Capital Group Companies has sold shares worth A$733.9-million in Australian miner Fortescue, according to an exchange filing on Wednesday. The announcement came...
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