JPMorgan expects South Africa IPO surge on economic optimism

South Africa is poised for a surge in initial public offerings and fund-raising activity as soon as next year, spurred by optimism that the continent’s biggest economy may be turning a corner after... 

China’s steel demand has shrunk to less than half global total

China will account for less than half of global steel consumption in 2024 for the first time in six years, according to the World Steel Association, as the decline in the country’s real estate... 

Vale-BHP mine disaster deal moves closer to settlement in Brazil

Miners Vale and BHP are a step closer to finalising a deal with Brazilian authorities to provide a multibillion-dollar settlement for one of the country’s worst mining disasters. Ongoing... 

Mineral Resources says it's investigating founder over tax issue

Australia’s Mineral Resources is probing payments linked to founder and MD Chris Ellison, even as the board said it has full confidence in him and his leadership. “Since its IPO in 2006, payments... 

Indonesia controls nickel ore supply to balance weak demand

Indonesia is managing the amount of nickel ore its miners produce in order to balance supply and demand, a government minister said. “We need to maintain supply and demand balance,” Bahlil... 

Sasol’s gas supply and volatile oil raise sustainability risks

Sasol’s declining gas reserves and its susceptibility to volatile oil prices is drawing scrutiny over the sustainability of the business and its plans to reduce emissions. The South African fuel... 

Spot gold tops $2 700 as metal extends its record-breaking run

Gold topped $2 700 an ounce for the first time, as an escalating conflict in the Middle East saw traders flock to safety. Bullion reached climbed as much as 0.3% to $2 700.47/oz, after Israel said... 

Gold rallies to record with tight US election and data in focus

Gold climbed to a record ahead of US data prints due later Thursday, with traders also monitoring an increasingly tight presidential race that’s driven demand for haven assets. Bullion climbed as... 

Iron-ore slumps toward $100 after housing briefing in Beijing

Iron-ore tumbled to a three-week low, a sign that investors doubt whether China’s latest moves to shore up the property market will do enough to boost construction activity and steel demand. China... 

Brazil reviews caves decree in potential boon for mining and energy

Brazil is revisiting rules that protect caverns from exploration and development with measures that could help advance energy projects and boost Vale’s iron-ore prospects in the country. “It’s a... 

GM backs biggest US lithium project with $625m investment

General Motors will commit $625-million toward what’s likely to be one of the biggest US lithium mines, reinforcing the automaker’s efforts to secure domestic supply of the battery metal critical... 

Gold nears fresh record with focus on US election and Fed rates

Gold rallied toward a fresh record high as investors turned their attention to the upcoming US election, with polls forecasting a razor-thin contest with less than three weeks to go. The precious... 

Mosaic expects Florida facilities to return to full production soon

Fertiliser maker Mosaic said on Monday that its Florida facilities are expected to return to full production capacity over the coming days after being idled due to Hurricane Milton. Milton, which... 

Australia’s largest pension says China boom times have finished

China’s latest bout of stimulus may help stabilise the country’s property crisis but investors should position for the end of the economy’s boom years, says the investment chief of Australia’s... 

Philippines’ top coal producer plans $5bn mine expansion

Semirara Mining and Power, the Philippines’ largest coal producer, said it’s looking to spend 291.4-billion pesos ($5.07-billion) to expand its mines. The company has proposed to the Department of... 

Exxaro seeks to acquire manganese mining assets

Exxaro Resources, one of South Africa’s biggest coal producers, wants to become a major player in the country’s manganese mining industry. After losing out on a copper mine in Botswana last year,... 

Rio takes step toward M&A redemption with $6.7bn lithium bet

A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan, and then the ill-conceived... 

French firm boosts uranium mining and enrichment capacities as market tightens

France’s Orano is boosting uranium mining and processing capacity as supplies of the nuclear fuel tighten on stronger demand and moves to reduce the world’s reliance on Russia. The... 

JPMorgan says European miners underpricing US election risk

European mining stocks could see their valuations fall by as much as 20% if US tariffs are imposed following next month’s election, and the industrial metals market is underpricing this... 

Alumina surges to record on supply disruptions and China demand

Alumina futures in Shanghai spiked to a record as global supply disruptions and resilient Chinese demand continue to tighten the market of the main feedstock for aluminum smelters. Alumina surged... 

Zambia will own some mining permits after mapping exercise

Zambia’s government intends to keep ownership of some mining licenCes that are shown to be promising by an ongoing mapping exercise and invite private investors to develop the assets alongside the... 

China’s top miner to spend $24bn on coal-to-oil project

China’s biggest coal miner announced the construction this week of another massive project to supply feedstock for petrochemicals makers and help clear a prospective surplus of the fossil fuel.... 

Canada green taxonomy unlikely to include new natural gas sites

Canada has provided more clarity on what it considers to be homegrown green investments — with new natural gas projects unlikely to make the cut. On Wednesday, Finance Minister Chrystia Freeland... 

Rio arrives in lithium with a survival-of-the-fittest mentality

Rio Tinto is muscling in on the lithium market after a precipitous price collapse for the battery metal, betting it can build a portfolio of huge, low-cost mines that will outlast weaker rivals.... 

Coal expansion helps lure insurers back to producer Whitehaven

Whitehaven Coal, one of Australia’s largest coal producers, shelved a planned special purpose vehicle originally intended to provide in-house insurance after finding external insurers willing to... 

Ex-Glencore execs must wait until 2027 for bribery trial

A group of former Glencore executives accused of bribery and corruption in West Africa by the UK will have to wait until 2027 to face a trial. England’s criminal courts are suffering from a... 

France nears disbursement of second climate loan to South Africa

France is nearing the disbursement of a second loan to South Africa’s Treasury under the Just Energy Transition Partnership programme. “We are in the final stages of preparing a second loan,”... 

Cameco eyes expansions of uranium mines on rising nuclear demand

Cameco, one of the world’s top uranium producers, is considering expanding some of its mining projects as global demand for nuclear power rises, according to its top executive. “We’ve got some... 

Investors with $15tr signal new approach to miners

Investors need to adopt a new approach to the mining sector if that industry is to meet the growing demand for minerals and metals needed for the green transition. That’s the central message in a... 

Iron-ore pushes higher on hopes more China stimulus is coming

Iron-ore rose — following two sharply weekly gains — on speculation China’s top economic planner will unveil more stimulus measures at a press briefing on Tuesday morning. The steelmaking staple... 

France’s Orano sees progress developing uranium mine in Mongolia

A long-delayed, multi-billion dollar uranium project in Mongolia under development by French State-controlled miner Orano could start producing the nuclear fuel by 2030, the company said.... 

Angola diamonds not under sanctions but Russia link is obstacle

Angola’s State-owned diamond producer said some clients were deterred by its partnership with Russia’s Alrosa PJSC, but underlined that its output doesn’t fall under western sanctions. Russian... 

North Carolina quartz mine owner says Helene damage was minimal

The owner of a North Carolina quartz mine that’s a key source for high-purity quartz used in global semiconductor manufacturing said its operations sustained only minor damage in the wake of... 

Green hydrogen hype fades as high costs force project retreat

Climate-friendly hydrogen was one of the most-hyped sectors in green energy. Now the reality of its high cost is taking its toll. In recent months, some of the biggest would-be developers of the... 

Sudden shift in China metals sentiment drives LME week optimism

Metals traders arriving in London for LME Week were in for a surprise as they caught up with friends and customers from China. For the last couple of years, the biggest consumer and producer has... 

Gold miners say they’re now disciplined as dealmaking heats up

With gold prices at a record high, mining companies are back hunting for deals while trying to reassure investors that they’ve learned from past mistakes of overspending. There has been a flurry... 

China's fast-growing copper champion is reshaping global metal supply

Chen Jinghe was not long out of university when a government official handed him the assignment that would change his life. Go to Zijin mountain, he was told, and find gold. It was 1982, and the... 

Vale backs Brazil critical minerals fund in nod to government

Vale is committed to investing in Brazil’s first fund to support critical minerals as it seeks to diversify, the new chief of the world’s No. 2 iron-ore supplier said Wednesday. Vale has 90% of... 

Panama sees exports of stockpiled First Quantum copper as viable

Panama’s finance chief said he sees no good reason why First Quantum Minerals shouldn’t export the large volume of copper stockpiled at its shuttered mine in the country. The government is working... 

Chile pinpoints new lithium areas for private-sector development

Chile has identified new lithium areas that will be offered to the private sector as authorities attempt to tap more of the world’s biggest reserves of the battery metal, despite a current glut in...