Uganda signs maiden production sharing deal to revive copper mine

Uganda has signed its first mining production sharing agreement (PSA) to redevelop a mothballed copper and cobalt mine in the country's west, near its border with Democratic Republic of Congo, it... 

Canada to extend mineral exploration tax credit for two more years, Minister says

Canada will extend a tax credit on mineral exploration for two additional years as part of the government's move to support investment in exploration projects, energy, and natural resources,... 

Rio Tinto resumes operations at Western Australia's Dampier port after five weeks

Rio Tinto said on Monday that its iron ore export facility in Western Australia's Dampier port resumed operations after being offline for over five weeks due to flooding from tropical cyclones. "A... 

China national coal association proposes import, production controls

China's national coal association on Friday issued a statement to members proposing controls on coal production and imports of low-calorie, low-quality coal amid weak demand and high inventories.... 

Alrosa reports full-year profit slump of 77.3%

Russia's sanctions-hit diamond producer Alrosa on Friday reported a 77.3% fall in 2024 net profit year-on-year to 19.3-billion roubles ($219.32-million) on revenue of 239.1-billion roubles. Group... 

Alberta projects C$5.2bn budget deficit if Trump tariffs proceed

Canada's oil-producing province of Alberta on Thursday forecast a budget deficit of C$5.2-billion ($3.5-billion) for the 2025/26 fiscal year if US tariffs are implemented and decrease government... 

Mosaic misses fourth-quarter profit estimates on lower sales, prices

Fertiliser producer Mosaic missed Wall Street expectations for fourth-quarter profit on Thursday, hurt by lower potash prices and sales. Crop prices, including those of soybean, wheat and corn,... 

Paris prosecutor drops case against Apple over Congo minerals, document shows

French prosecutors have closed a case filed by Democratic Republic of Congo accusing Apple subsidiaries of using conflict minerals in its supply chain, according to a document seen by Reuters on... 

G20 finance meeting ends without consensus or communique

South Africa voiced dismay on Thursday that Group of 20 talks it hosted on global economic issues ended without consensus, after top officials from several countries skipped it and delegates... 

Trump's 'very big' minerals deal may pay off with US Republicans

A critical minerals deal Donald Trump has negotiated with Ukraine could ease tensions between Kyiv and the US President and at the same time win back support from his Republicans in Congress for a... 

Rio Tinto-buyout target Arcadium Lithium posts loss on falling lithium prices

Arcadium Lithium posted a loss in the fourth quarter on Thursday, as low prices of lithium, used to power electric vehicle batteries, weighed on the company. Lithium prices have plunged more than... 

Impala could close Canadian palladium mine early after price rout

Impala Platinum (Implats) could wind down its palladium mine in Canada earlier than planned if there is no immediate recovery in metal prices, CEO Nico Muller said after a 43% slump in first-half... 

India exploring critical minerals in Zambia, Congo and Australia, official says

India is exploring mining of critical minerals in Zambia, Congo and Australia, Mines Secretary VL Kantha Rao said on Thursday, as the world's fastest-growing major economy aims to secure raw... 

GFG Alliance looks to raise capital for Australia coal mine

GFG Alliance, owned by embattled commodities tycoon Sanjeev Gupta, is looking to raise capital for development of a coking coal mine in Australia where its steelworks was last week put into... 

Workers seek collective bargaining at Rio Tinto Pilbara mine

Australia's Mining and Energy Union said on Thursday it would launch a petition at Rio Tinto's Paraburdoo mine in the Pilbara region that would allow workers to initiate bargaining for a collective... 

Panama delays Cobre Panama copper mine decision pending social security reform

Panama President Jose Mulino will only take a decision regarding the future of the Cobre Panama mine after he resolves the issue of the country's social security policy, a supplier of the Cobre... 

Potential US copper tariffs seen costing domestic industry dearly

The US industrial sector will have the most to lose from potential US tariffs on copper, analysts say, with costs seen rising significantly during what would be a lengthy process of reviving... 

Chile power partially restored after huge outage as copper mines come back online

Chile's power grids and major copper mines were coming back online on Wednesday after a major outage rocked the world's top producer of the red metal, with power companies working to restore the... 

Absences and disputes mar G20 finance chiefs' talks

A number of finance ministers skipped a gathering of the Group of 20 top economies in South Africa on Wednesday, and other top officials curtailed trips to a meeting marred by disputes over the... 

South Africa's inflation rises less than expected in January

South African inflation edged up in January in the first release since the statistics agency updated its consumer price basket, but the headline rate remains near the bottom of the central bank's... 

Congo weighs cobalt export quotas to revive prices amid supply glut

The Democratic Republic of Congo is considering introducing cobalt export quotas as the world's biggest supplier of the battery metal seeks to curb oversupply and boost prices, three sources... 

Alcoa warns Trump's aluminum tariff could cost 100 000 US jobs

Aluminum producer Alcoa said on Tuesday that US President Donald Trump's plan to impose a tariff on aluminum imports could cost about 100 000 US jobs and would itself not be enough to entice it to... 

Trump orders new tariff probe into US copper imports

President Donald Trump opened yet another front on Tuesday in his assault on global trade norms, ordering a probe into potential new tariffs on copper imports to rebuild US production of a metal... 

Vitol, Glencore win $380m award in Nigerian LNG litigation

Trading houses Vitol and Glencore will receive $380-million in compensation after their gas supplier, trading firm Taleveras, won a legal battle in a London court against Nigeria’s sole liquefied... 

Botswana signs long-delayed diamonds deal with De Beers

Botswana's government on Tuesday signed a long-delayed ten-year diamonds sales agreement with Anglo American unit De Beers adding a possible extension period of five more years to the provisional... 

Reserve Bank governor says trade and tax policies pose inflation risks

Global trade tensions and a potential value-added tax hike in South Africa could derail two years of slowing inflation, the country's central bank governor said on Tuesday. Speaking on the... 

Glencore's Philippine copper smelter put into maintenance

Philippine Associated Smelting and Refining Corporation (PASAR), a Glencore managed company, has put its Leyte plant site into maintenance due to ongoing evaluation of the plant's operations and... 

Woodside sees $1.2bn US LNG play paying off as Trump policies drive deals

Woodside Energy, Australia's top gas producer, is well positioned to capitalise on demand for US liquefied natural gas driven by President Donald Trump’s trade policy and pro-fossil fuel agenda,... 

Gold Reserve wins $1.1bn arbitration award in Portugal against Venezuela

Gold Reserve said on Monday the Lisbon Court of Appeal confirmed the Canadian miner's arbitration award against Venezuela, giving it green light to enforce about $1.1-billion in Portugal. The... 

Putin outlines potential aluminium, rare earth deals with the US

Russian President Vladimir Putin offered the US the opportunity for joint exploration of the country's rare earth metals deposits, as well as the supply of aluminum to the US domestic market, under... 

Australia treasurer to meet US Treasury's Bessent amid push for tariff exemption

Australian Treasurer Jim Chalmers will meet with his US counterpart Scott Bessent on Tuesday in Washington, with Canberra seeking an exemption on 25% tariffs on imports of steel and aluminium... 

Woodside Energy's annual profit hits 3-year low on weak oil and gas prices

Australian oil and gas major Woodside Energy reported its smallest annual underlying profit in three years on Tuesday, hurt by lower realised prices, but maintained its 2025 output forecast on... 

Palliser asks Rio Tinto to seek Australian shareholder vote on dual listing

London-based hedge fund Palliser Capital on Monday urged Rio Tinto to allow the company's Australian shareholders to vote on a resolution that seeks an independent review of its dual-listing... 

Sasol skips dividend after profit declines 31%

South African petrochemical firm Sasol on Monday skipped paying a dividend after reporting a 31% decline in half-year profit on a fall in oil prices and lower sales volumes. Sasol's headline... 

Newmont again postpones investment decision for Yanacocha Sulphides project

Precious metals miner Newmont said on Friday that it will again postpone a final investment decision for its Yanacocha Sulphides project in Peru. In a statement, the company said the postponement... 

Yancoal Australia posts smaller annual profit on fall in coal prices

Yancoal Australia forecast flat production estimates for fiscal 2025 on Thursday while reporting a 33% fall in annual profit due to lower coal prices. The coal miner expects attributable saleable... 

Indian miner Vedanta's shareholders, creditors clear way for five-way split

Vedanta's shareholders and lenders have approved the oils-to-metals conglomerate's plans to split into five separate entities, the company announced on Thursday, with nods from nearly all of its... 

Indonesia Minister says Freeport can resume copper concentrate exports

The Indonesian government has agreed to allow copper miner PT Freeport Indonesia to resume exports of copper concentrate until repairs at its smelter are completed, Energy and Mineral Resources... 

Record prices dampen demand in top hubs

Physical gold demand among top consumers China and India remained negligible this week as buyers shied away from purchases due to record high prices. "Buyers are just sitting back, watching the... 

China export curbs push European bismuth prices to highest since 2008

Bismuth prices in Europe have soared to their highest in nearly 17 years after China's plan to impose export curbs raised fears of curtailed supply for the metal used in medication, cosmetics and...