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Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow
Rio Tinto annual earnings flat as iron ore weakens, copper cushions blow
19th February 2026 By: Reuters

Rio Tinto on Thursday reported flat annual earnings that missed expectations as weaker iron-ore prices weighed on its core business, while stronger copper prices and higher output helped limit the impact. The world's largest iron-ore producer,... 


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Critical One Energy regains full control of uranium, copper assets in Namibia
Updated 2 hours 20 minutes ago By: Sabrina Jardim

Canadian mining exploration company Critical One Energy has mutually agreed with Dark Star Minerals to terminate a previously announced purchase agreement relating to the proposed sale of the... 


Copper 360 confirms board changes
Updated 2 hours 23 minutes ago By: Tasneem Bulbulia

JSE-listed Copper 360 has appointed Gordon Thompson and Seten Naidoo as executive directors with effect from March 2. The board says it has conducted a fit-and-proper assessment of both, and is... 


An image from Thungela
Thungela warns of a loss as a result of impairments
Updated 3 hours ago By: Tasneem Bulbulia

JSE-listed Thungela Resources expects to report a loss a share of between R53.50 and R56 for the year ended December 31, 2025, compared with the earnings a share of R26.76 reported for 2024. The... 


An image of the DX project
Kore making strides to gain full ownership of Kola project
Updated 4 hours ago By: Tasneem Bulbulia

JSE-, Aim- and ASX-listed Kore Potash announced the purchase of a 0.46% interest in the share capital of Sintoukola Potash SA (SPSA) and the conditional right to acquire the remaining interest in... 


Discovery in Timmins expansion push with Glencore’s Kidd aquisition
Discovery in Timmins expansion push with Glencore’s Kidd aquisition
Updated 4 hours ago By: Mariaan Webb

Canadian miner Discovery Silver is setting its sights on doubling gold production from the Timmins camp in Ontario to more than 500 000 oz/y with the acquisition of Glencore's Kidd operations.... 


Hudbay to acquire Arizona Sonoran in $1.48bn deal
Hudbay to acquire Arizona Sonoran in $1.48bn deal
Updated 5 hours ago By: Mariaan Webb

Diversified miner Hudbay Minerals on Monday announced it would buy Arizona Sonoran Copper Company in a $1.48-billion all-share transaction, creating the third-biggest copper district in North... 


Cosmos nickel site near Leinster in Western Australia
IGO flags further portfolio rationalisation after Forrestania sale
Updated 5 hours ago By: Mariaan Webb

Battery minerals producer IGO is assessing options to rationalise additional assets in its portfolio, potentially including the Cosmos site, after completing the sale of its Forrestania nickel... 


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Work is under way at the Cabinda site
Minbos secures $16m IDC debt facility for Cabinda fertiliser project
Updated 6 hours ago By: Creamer Media Reporter

ASX-listed Minbos Resources on Monday announced a $16-million debt facility from the Industrial Development Corporation of South Africa (IDC) to advance construction of its Cabinda phosphate... 


An image of Rio Tinto Africa iron and titanium MD and RBM MD Werner Duvenhage
Rio Tinto approves R8.5bn Zulti South investment, lifts project suspension
Updated 7 hours ago By: Tasneem Bulbulia

Mining major Rio Tinto has approved its subsidiary Richards Bay Minerals’ (RBM’s) Zulti South project, lifting the suspension which had been in place since January 2020. The about R8.5-billion... 


Canadian and Indian Prime Minister Mark Carney and Narendra Modi are resetting bilateral relations.
Cameco inks $2.6bn uranium deal with India as Carney seals strategic energy partnership
Updated 7 hours ago By: Mariaan Webb

Canadian uranium major Cameco has signed a C$2.6-billion long-term supply agreement with India’s Department of Atomic Energy, committing to deliver nearly 22-million pounds of uranium ore... 


An iron-ore mine in Australia
Iron-ore gains as freight costs rise amid Iran war; shipments fall
2nd March 2026 By: Reuters

Iron-ore prices reversed earlier losses to trade higher on Monday, as investors shifted focus to potentially higher freight rates following the Iran conflict and falling shipments from major... 


Nigeria, AFC sign $1.3bn deal to build alumina refinery
2nd March 2026 By: Reuters

Nigeria has signed a $1.3-billion investment deal with Africa Finance Corporation (AFC) to build an alumina refinery and fund nationwide mineral exploration, the government said late on Sunday, in... 


The Strait of Hormuz between the Persian Gulf and the Gulf of Oman
South Africa can expect fuel price increases amid Middle East conflict
2nd March 2026 By: Schalk Burger

The biggest immediate impact of the US-Israeli attack on Iran on countries like South Africa will be the elevated uncertainty about global oil prices and the prospect of higher fuel costs in the... 


Northam CEO Paul Dunne talking tailings expansion.
China’s ‘encouraging’ hydrogen progress witnessed first-hand by Northam Platinum
2nd March 2026 By: Martin Creamer

The ‘encouraging’ recent developments of the hydrogen economy in China have been witnessed first-hand by South Africa’s platinum group metals (PGM) miner and marketer Northam Platinum. This was... 


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Eskom is also working on a standard smelter offer that could be extended to other ferroalloy producers.
Glencore-Merafe pauses retrenchments until end-March as it weighs Eskom’s 62c/kWh offer
2nd March 2026 By: Terence Creamer

The Glencore-Merafe Chrome Venture has paused a retrenchment process at its ferrochrome smelters by a month to March 31 after Eskom made a 62c/kWh tariff offer on the eve of its previous February... 


Malaysia renews Lynas operating licence for 10 years
Malaysia renews Lynas operating licence for 10 years
2nd March 2026 By: Creamer Media Reporter

Australian producer Lynas Rare Earths has secured a ten-year renewal of its Malaysian operating licence, providing longer-term certainty for its downstream processing operations and supply chain... 


Oil tankers at sea
Ship insurers cancel war risk cover due to Iran conflict
2nd March 2026 By: Reuters

Several marine insurers said they are cancelling war risk cover for ships due to the conflict in Iran and the Gulf. Insurers including Gard, Skuld, NorthStandard, the London P&I Club and the... 


The Balama process plant
Syrah secures seven-year Balama offtake with NextSource
2nd March 2026 By: Mariaan Webb

Australian graphite producer Syrah Resources has signed a multi-year binding conditional offtake agreement with Canada’s NextSource Materials for the supply of natural graphite fines from its... 


BHP CEO Mike Henry
Henry says BHP has no plans to become copper pure play
2nd March 2026 By: Mariaan Webb

The world’s largest miner, BHP, will stick to its long-standing diversified model rather than pivot to a single-commodity strategy, CEO Mike Henry said recently, stressing that portfolio breadth... 


President Luis Abinader
Dominican Republic has over 150Mt tons of rare earth deposits, President says
2nd March 2026 By: Reuters

The Dominican Republic has identified rare earth deposits that could position the Caribbean nation as a significant future supplier of minerals critical to high-tech industries, President Luis... 


Lithium producer SQM sees global demand growing 25% this year
Lithium producer SQM sees global demand growing 25% this year
2nd March 2026 By: Bloomberg

Top lithium producer SQM said it sees world demand for the battery metal growing about 25% this year, after reporting record quarterly sales volume as the industry emerges from a global glut. The... 


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Magazine

Magazine round up | 27 February 2026
Magazine round up | 27 February 2026

A video round up of this week’s magazine, highlighting our cover story, features and Business Leader.  

CRITICAL DIVERSIFICATION: Exxaro Resources, which is best known for coal mining, has joined the International Manganese Institute, signalling its diversification into the critical mineral. The move followed Exxaro’s recent signing of binding agreements to acquire shares and claims in manganese assets held by Ntsimbintle Holdings and OM Holdings for R11.67-billion. The transaction will give Exxaro exposure to four operating mines, including 60.1% effective ownership in the Tshipi Borwa openpit manganese mine (pictured), in the Northern Cape.
CRITICAL DIVERSIFICATION

Exxaro Resources, which is best known for coal mining, has joined the International Manganese Institute, signalling its diversification into the critical mineral. The move followed Exxaro’s recent... 

Photo of Martin Creamer
Back-on-track independent State-owned transmission entity is very good news

President Cyril Ramaphosa has brought the sudden uncertainty around South Africa’s electricity transmission future to a welcome end. In last week's far-reaching State of the Nation Address, the... 

Photo of Terence Creamer
Trading spaces

Electricity trading in South Africa, as Etana Energy CEO Evan Rice explained recently, is at once active and in transition. Just how active, is reflected in a report commissioned by the South... 

Business Leader

 Neil Colquhoun, president of Epson Middle East, Türkiye and Africa-Central and West Africa
Neil Colquhoun

This week we profile Neil Colquhoun, president of Epson Middle East, Türkiye and Africa-Central and West Africa. Epson is a technology company specialising in printing, scanning, visual display,... 

TRANSMISSION TUSSLE: Organised business won a major victory when President Cyril Ramaphosa intervened to roll back an Eskom unbundling plan approved by the Department of Electricity and Energy in December. In his State of the Nation Address, he said the new State-owned Transmission System Operator must own the grid assets, which Eskom wanted retained by a subsidiary, and set a three-month deadline for coming up with a solution.
AT ODDS:

Organised business has expressed strong reservations about an Eskom unbundling plan approved by the Department of Electricity and Energy in December. It contends that the decision not to transfer... 

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