Godongwana plays down big tax changes in South Africa Budget

South African Finance Minister Enoch Godongwana ruled out any major tax changes in next month’s budget and stressed the importance of keeping fiscal consolidation on track. “It’s not something we... 

Global solar additions to fall for first time in 2026, says BNEF

Solar installations are set to drop next year for the first time since the industry emerged as a global force two decades ago, as policy shifts and saturation in major markets temper demand. The... 

Vale’s copper ambition is to produce 1Mt/y

Vale’s base metals unit wants to eventually produce one-million tons of copper by developing existing assets, exceeding an output target for 2035. Major mining firms such as Anglo American and Rio... 

China plants another Africa marker in campaign to globalise yuan

Zambia is the first African country to let Chinese mining companies pay taxes in yuan. It probably won’t be the last, as Beijing seeks to internationalize the currency and dilute its dollar... 

China’s CMOC bets on copper growth, maintains cobalt target

Major Chinese miner CMOC Group plans copper growth of up to double digits in 2026 after a price rally lifted profit, while maintaining guidance after record cobalt output. Copper output is seen at... 

Heavy rainfall disrupts Australian metallurgical coal supplies

Heavy rainfall in northeast Australia has triggered floods that are hampering mine operations and disrupting supplies of metallurgical coal in the region. Some coal miners have declared force... 

BHP is stuck on the sidelines of copper M&A frenzy it started

BHP Group’s bold bid to buy rival Anglo American in 2024 was supposed to set it up as the clear winner in a copper boom it had long predicted. Two years later, the copper market is indeed booming.... 

Congo sending first copper to US under Mercuria-backed venture

The Democratic Republic of Congo is sending its first shipment of copper to the US through a partnership with Mercuria Energy Group, as the Trump administration pushes to challenge China’s... 

Rio Tinto said to be open to owning coal if it buys Glencore

Rio Tinto Group is open to retaining Glencore Plc’s massive coal business if merger talks between the two companies are successful, according to people familiar with the matter. The move would... 

Glencore says it’s in preliminary merger talks with Rio Tinto

Glencore confirmed it held preliminary discussions with Rio Tinto Group on a possible combination of some of their businesses, including an all-share merger that would create the world’s biggest... 

Canada's exports to non-US countries hit record on gold

Canada’s merchandise trade balance swung back into deficit as imports of computers and electronics outweighed a spike in gold exports to non-US countries. The trade shortfall hit C$583-million... 

South Africa relaxes laws to salvage firms hit by power costs

South Africa eased antitrust rules to allow competitors in industries hit by high power costs to cooperate on negotiating cheaper power supply in a bid to prevent their total collapse, a move that... 

Gold miner aims to retake Venezuela assets after Maduro’s fall

Gold Reserve has spent years fighting with Nicolas Maduro’s government over two gold deposits seized by Venezuela. Now, after the US captured the country’s leader on Saturday, the tiny mining... 

Copper surges to fresh record as inventories ‘locked in the US’

Copper extended a powerful rally after bursting through $13 000 a ton for the first time, as traders and investors bet on a tighter global market. Three-month futures surged as much as 2% to a... 

BHP puts Anglo in ‘rearview mirror’ as CEO eyes Canada copper

BHP Group’s top boss said he’s moving on after the company’s aborted attempt to buy Anglo American, preferring instead to focus on its copper projects and opportunities in Canada. CEO Mike Henry’s... 

Shock departure leaves Woodside without its key gas champion

The surprise exit of Woodside Energy Group CEO Meg O’Neill leaves her successor with a dilemma: should the Australian company continue down the path she set of promoting massive liquefied natural... 

How BP’s new boss became the most powerful woman in fossil fuels

Meg O’Neill’s rapid rise to the top of one of the world’s biggest fossil-fuel companies has been unencumbered by doubt. At a moment when oil executives are still being pressed to move away from... 

Former BHP chief Brian Gilbertson has died, family says

Brian Gilbertson, the South African dealmaker who helped build the global mining giant BHP Billiton before his departure as CEO in 2003, has died. He was 82. His family said in a statement on... 

Codelco leadership in focus as Chile voters shift to right

Chileans on Sunday picked right-winger Jose Antonio Kast to head the country. Now, the mining industry is focused on who he will choose to lead state copper giant Codelco. The names of a handful... 

Barrick regains Mali mine along with 3t of its gold

Mali has restored control of the Loulo-Gounkoto mine to Barrick Minin and will return three tons of gold to the company after the two sides resolved a years-long dispute last month. The... 

BHP venture seeks Argentina incentives for major copper project

A BHP Group venture submitted an application to join Argentina’s investment incentives programme for a project in an area it hopes will be the next major production hub for copper. The Vicuña... 

Illegal miners are digging gold at a $4.8bn Newmont site in Peru

A multi-billion-dollar gold project owned by the world’s biggest bullion producer has been invaded by illegal diggers in northern Peru, according to a top government official. Newmont Corp.’s... 

Australian lithium miner Ioneer eyes bid for Rio’s US boron unit

Australian mining firm Ioneer is interested in bidding on a bundle of Rio Tinto Group’s US assets that produce boron, a critical mineral used in fertilizer, according to its top executive. CEO... 

South Africa sued over coal plant pollution exemptions

Environmental Activists sued South Africa’s environment department over its March decision to allow State-owned Eskom to breach emission rules at eight coal-fired plants. The court case was filed... 

China’s iron-ore buyer seeks new port rules to tighten its grip

China’s State-backed iron-ore buyer is proposing measures to curb hoarding of the steelmaking ingredient at ports, in a move that could dent the pricing power of foreign miners and traders. China... 

Lithium may get much-needed demand boost from battery storage

Lithium bulls are betting on energy storage systems as the next meaningful pillar of demand for the battery metal, nudging the global market back toward balance after years of oversupply. Giant... 

Silver extends gains above $60 on rate-cut hopes, tight supply

Silver extended gains after breaking above $60 an ounce for the first time on Tuesday, with traders betting on further monetary easing by the Federal Reserve and continued supply tightness. The... 

Gold surge sees shift to speculative asset from haven, BIS says

Retail investors drove the recent gold price surge, pushing bullion out of its traditional safe haven pattern to a more speculative asset, according to the Bank for International Settlements.... 

Silver, copper eclipse gold as top metals bets on supply fears

Silver and copper have replaced gold as the hot metal trade heading into 2026, with institutional and retail traders positioning for record rallies. Silver has nearly doubled this year, with most... 

South African private equity firms, lenders back $600m Congo dry port

South African private equity firms and lenders will invest $600-million in debt and equity on a dry port in the Democratic Republic of Congo to ease congestion on one of Africa’s busiest mineral... 

Goldman says copper’s ‘breakout’ above $11 000 won’t last

Goldman Sachs Group injected some caution into the debate over copper’s prospects, saying its surge past $11 000 a ton will prove short-lived as there’s still more than enough metal to meet global... 

Poland to join US-hosted G20 Summit as South Africa is shunned

The US is inviting Poland to the next Group of 20 Summit — and plans to shun South Africa — when President Donald Trump hosts the forum of the largest global economies in 2026, Secretary of State... 

Zambian Presidency shuns plan to give State free stake in mines

Zambia’s Presidency rejected proposed regulations that seek to give the state a minimum 15% stake in mines producing copper and other critical minerals without having to pay for it. A draft... 

Sasol CEO sees chemical business potentially listing by 2028

Sasol CEO Simon Baloyi said the South African company may spin off its international chemicals business as soon as 2028, depending on how quickly profit grows. Shares of the fuel and chemicals firm... 

Anglo, Teck pushed by Canada to give head office job guarantees

Canada is putting pressure on Anglo American to make stronger commitments to executive and management jobs at its proposed Vancouver headquarters as a condition of taking over Teck Resources,... 

Angola to speed up mine permits, cut red tape to lift investment

Angola will shorten the time it takes to award mining rights as it seeks to attract more investment into the southwest African nation’s minerals sector. Minerals and Petroleum Minister Diamantino... 

Motsepe says South Africa must curb crime to lure investors

South African billionaire Patrice Motsepe said the country must shake off its reputation for high crime levels if it wants to attract more investment. “Part of our challenge is crime,” Motsepe said... 

Zimbabwe lithium miners seek VAT moratorium until end of 2026

Zimbabwean lithium miners have asked the government to defer the imposition of a tax on concentrates until the end of 2026, so they can raise capital to construct processing plants. The southern... 

Rio Tinto mothballs flagship Jadar lithium project

Rio Tinto Group has mothballed the controversial $2.95-billion Jadar lithium project in Serbia, according to an internal note. The memo, sent this week and seen by Bloomberg, said that the project... 

Bolivia is rethinking lithium deals with China, Russia in US pivot

Bolivia is awash in the battery metal lithium, but the resource is nearly all trapped underground. President-elect Rodrigo Paz, who takes office Saturday, is vowing to finally bring Bolivia into...