Namibia says just 42% of approved mining projects are operating

Namibia said less than half of the mining projects it has approved are in operation, prompting the government to take a tougher stance on issuing permits. Just 68 of the 162 licenses approved by... 

South Africa can fix backlogged ports in a year, Ntshavheni says

South Africa’s ports — ranked among the world’s worst — are improving and state-owned operator Transnet will fix them within the next 12 to 14 months, Minister in the Presidency Khumbudzo... 

First Quantum to trim work hours at stalled Panama copper mine

First Quantum Minerals is trimming working hours at its stalled copper mine in Panama in a bid to rein in the cost of preserving the site following last year’s shutdown order, the union said. The... 

Soaring prices have Australian gold bugs expecting M&A splurge

Australia’s gold industry — buoyed by the precious metal’s record—setting run this year — is anticipating a wave of deal-making, with smaller miners being targeted as exploration lags. The... 

Glencore ordered to pay $150m by Swiss in criminal probe

Glencore was ordered to pay $150-million for failing to take sufficient measures to prevent bribery over its acquisition of mining assets in the Democratic Republic of Congo, Swiss prosecutors said... 

Gold halts slide after market rout triggered margin-call selling

Gold steadied after being pulled into Monday’s global rout, when it slumped as some traders cut holdings to cover potential margin calls. Spot bullion plunged as much as 3.2% in the previous... 

Copper steadies after plumbing four-month low during global rout

Industrial metals found firmer footing on Tuesday, the day after commodities were swept up in a tumultuous global selloff of risk assets. Copper, aluminum and zinc all steadied after a frenzied... 

Gold gets dragged into selloff as share slide jolts investors

Gold fell as much as 1.2% in early Asian trading, dragged lower by weakness in global stocks, which offset concerns over heightened tensions in the Middle East. Spot bullion — which rallied close... 

Uranium miners say Australia to miss out on boom in nuclear fuel

Uranium explorers are calling on Australian state governments to lift bans on mining the fuel, which is set for a long-term jump in demand as decarbonisation spurs a nuclear energy revival.... 

Endeavour maintains gold production target amid Senegal strike

Endeavour Mining said a strike at the Sabodala-Massawa mine in Senegal isn’t expected to impact its gold output target this year, after the stoppage entered a second day. The company doesn’t... 

Vitol extends deal spree with purchase of fallen rival Noble

Vitol Group has agreed to buy the last remaining piece of fallen Asian commodity trader Noble, as the energy trading giant recycles its blockbuster profits to go on an acquisition spree. Vitol... 

South Africa still owns highly enriched uranium, report says

South Africa still has a stockpile of highly enriched uranium, Netwerk24 reported, citing Minister of Mineral and Petroleum Resources Gwede Mantashe. The nation declared its holdings of the nuclear... 

Glencore overshadowed in cobalt market as Chinese rival booms

China’s CMOC Group has strengthened its status as the world’s cobalt king, churning out more than three times as much as better-known rival Glencore after a stunning output surge that’s deepened... 

NexGen raises cost of Canadian uranium project to $1.6bn

NexGen Energy raised the cost to build its flagship uranium mine in northern Canada, citing inflationary pressures and engineering expenses in a remote region. The company’s Rook I project in... 

Workers at world’s biggest copper mine reject BHP wage offer

BHP Group workers in Chile rejected the company’s wage offer at the close of regular talks, thrusting the process into a final mediation phase in a bid to avoid a strike at the world’s biggest... 

New tool to close down Asia’s coal plants is gaining momentum

Lenders to power producers see momentum building in development of a novel form of carbon credits intended to advance the phase out of coal-fired power capacity. Entities including the Monetary... 

Australia may speed tax breaks for critical minerals refining

Australia may bring forward planned tax incentives for critical minerals refining after a major lithium producer said it would be shutting half of its processing capacity in the country. Albemarle... 

Mining powerhouse Australia to tighten up exploration rules

Australia — one of the world’s most important mining nations — is planning to tighten rules that govern how companies announce their exploration results, with a revised code for listed companies... 

The future of deep sea mining hinges on a contentious election

The Pacific island nation of Kiribati is tiny, with just 120 000 residents scattered across 32 tropical atolls, but it’s playing an outsize role in an election that will determine whether companies... 

Guinea’s Simandou iron-ore project seen aiding climate goal

Guinea’s giant Simandou iron-ore project, which is expected to start exports in two years’ time, is set to contribute to the world’s decarbonisation efforts, according to Rio Tinto. “With an iron... 

Chinese gold demand takes a hit with jewellery sales plunging

China’s gold demand has cracked in the face of record-high prices for the precious metal, with sales at the country’s jewelers in a funk as buyers hold off on purchases. Total demand for bullion... 

World’s top copper supplier Codelco posts drop in production

Codelco posted a decline in first-half copper production as setbacks at its Chilean mines and projects loosen the state-owned firm’s grip on the title of world’s biggest supplier of the metal.... 

Gold, not dollar, is the best Trump trade, survey shows

Gold is the best portfolio hedge in the event Donald Trump retakes the White House, according to the latest Bloomberg Markets Live Pulse survey. Proponents of the precious metal as a haven play in... 

Teck draws M&A attention from big miners in rush for copper

The world’s biggest miners are back in serious dealmaking mode and Teck Resources is taking center stage. The Canadian miner, which has exited its coal business with a sale this month to Glencore,... 

Ghana’s trade surplus grows 12.5% in first half on gold exports

Ghana’s trade surplus widened in the first half as revenue from gold exports soared. The favorable trade gap grew 12.5% from a year ago to $1.8-billion, Bank of Ghana said in a summary of economic... 

Cash-hungry Canadian miners test grey area of anti-China M&A rules

Nearly two years after Canada moved to restrict foreign investment in the country’s mining sector, minerals explorers and developers are testing the limits of those rules. The Canadian government... 

Vedanta seeks partners to develop Zambia mines it’s regaining

Vedanta Resources, the mining company that billionaire Anil Agarwal founded, is looking for business partners to boost output at the Zambian copper assets it’s regaining control of after years of... 

Toronto sees ‘win’ in first new foreign miner listing since 2022

Paladin Energy’s arrival in Canada marks the first time since 2022 that a large foreign mining company will list its shares on the Toronto Stock Exchange, which has seen new corporate listings slow... 

African nations turn to gold to protect against currency losses

African nations are rushing to build their gold reserves to hedge against geopolitical tensions that have battered their currencies and fanned inflation. Nations from South Sudan, Zimbabwe and... 

Iron-ore sinks toward test of $100 as plenum fails to inspire

Iron-ore dropped to near the $100 a ton threshold as a policy meeting in China failed to deliver major stimulus, while supplies remained robust. The steelmaking material fell as much as 2.3% to... 

Zambia sees copper output growing to one-million tons by 2027

Zambia’s annual copper production will grow more than 40% to one-million tons in 2027, according to the country’s Finance Ministry. Africa’s second-largest copper producer is seeking to take... 

With no recovery in sight, lithium prices force miners to reevaluate output

With lithium prices languishing near three-year lows and showing no signs a recovery is coming, attention is now turning to whether miners will be forced to rein in supply of the battery metal.... 

Gold climbs as US election chaos escalates after Biden drops out

Gold edged higher as markets weighed President Joe Biden’s decision to end his reelection bid, which sparked fresh questions over whether the move will help or hinder Donald Trump’s chances of... 

South Africa to lay out carbon market regulation proposals

South Africa’s National Treasury plans to lay out its proposals for how to regulate carbon markets in the country in the next few months. The government department said it plans to publish a... 

Vedanta gets back Zambia copper mines after paying $246m

Vedanta Resources has paid about $246-million to creditors to regain control of the Konkola Copper Mines in Zambia after about five years. The payment paves the way for “imminent reinstatement” of... 

Panama vows to talk to First Quantum in coming months on shuttered mine

Panama’s government says it will engage with First Quantum Minerals in the coming months to discuss the environmental impact of its shuttered copper mine. Panama’s new president, who took office... 

Nornickel weighs projects in new top market China

Russia’s biggest miner MMC Norilsk Nickel is weighing several new projects in copper, nickel and palladium in China as sanctions make cross-border payments and shipments increasingly difficult.... 

Mercedes, Stellantis in talks to back Serbia’s lithium ambitions

Mercedes-Benz Group and Stellantis are in discussions with Serbia’s government to invest in lithium-processing and EV battery production, potentially adding fresh support for what may become... 

Paladin Energy aims to crack uranium big league with Canadian takeover

Paladin Energy’s top boss says its takeover of Fission Uranium Corp would make it the third-largest publicly traded uranium producer, offering investors an alternative in a sector dominated by two... 

Fortescue hits brakes on green hydrogen plans

Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue into a green hydrogen heavyweight, blaming high energy prices for a setback that has prompted an overhaul of...