IEA warns 2026 oil supply gap will widen on delayed return of normal Gulf flows

LONDON – Global oil supply and demand will fall further than previously thought this year, the International Energy Agency said on Friday, as a lack of progress in ending the Iran war delays the... 

Ghana is drafting wage, tender floors for mining contractors, official says

DAKAR – Ghana's mining regulator is developing minimum wage and tender benchmarks for contract mining firms, seeking to curb aggressive underbidding as the country pushes miners to outsource more... 

Cutting Canada tariffs alone won't flatten US aluminium premium, Alcoa says

The steep premium paid for aluminium in the US will not drop significantly even if Washington halves the tariffs on metal from neighboring Canada, because imports from other countries will still be... 

Copper output from Chile's Codelco dips in July

Copper output at Chilean State miner Codelco, one of the world's largest copper producers, fell 5% from a year earlier in July to 112 800 tons, data from state copper commission Cochilco showed on... 

US copper price premium sinks on report that tariff plan stalls

LONDON - The premium paid to ship copper to the US fell sharply on Thursday after Reuters reported that Washington's plans to impose a tariff on imports of the metal had stalled. With copper... 

Transnet returns to profit on asset sale, higher freight volumes

State-owned logistics group Transnet on Thursday reported a R4.6-billion profit for the year to the end of March 2026, its first annual profit in four years. The freight rail, ports and pipelines... 

Australian union backs class action against BHP over public holiday work

An Australian mining union is funding a class action against BHP that could cover up to 7 000 workers employed by the miner's labour hire subsidiaries. The Mining and Energy Union (MEU) said on... 

Japan, Slovenia sign hydrogen energy cooperation memorandum

Japan and Slovenia signed a memorandum of cooperation on Thursday to collaborate on hydrogen energy, including building resilient supply chains, advancing technology development and promoting... 

Eramet restarts nickel mine in Indonesia

French group Eramet is restarting operations at the Weda Bay nickel mine in Indonesia after suspending output earlier this year when it used up a reduced mining quota. Indonesia, the world's... 

US says it will help develop Kenya's critical minerals processing

The US will help Kenya develop a critical minerals processing industry, a senior American official said on Wednesday, against the backdrop of rivalry between China and the US over access to... 

Global coal demand forecast to rise by 1.2% in 2026 to a record 8.94bn tonnes due to Middle East conflict, IEA says

Global coal demand is forecast to rise by 1.2% in 2026 to a record 8.94-billion tonnes due to the Middle East conflict, the International Energy Agency (IEA) said on Thursday. Disruptions to oil... 

Chile proposes market reform to boost junior mining exploration

Chile has introduced a capital markets reform aimed at boosting early-stage mining exploration and attracting foreign capital to the world's top copper producer and second-largest lithium supplier,... 

Canada's Enbridge to buy Tallgrass crude oil business for $2.55bn

Enbridge said on Wednesday it will acquire Blackstone-owned Tallgrass Energy's crude oil business for $2.55-billion in cash, expanding its US liquids pipeline network by buying a majority stake in... 

Australia softens gas reserve rule for LNG exporters

Australia relaxed a proposed rule on Thursday that would have forced natural gas exporters to reserve 20% of their output for the local market, instead requiring them to hold back up to a fifth of... 

Japan's Mitsubishi Materials to expand tungsten recycling capacity at Akita

Mitsubishi Materials said on Wednesday it would invest about 8-billion yen ($52-million) to expand tungsten recycling capacity at its subsidiary Japan New Metals, as Japan seeks supplies of the... 

EU faces complaint over plan to simplify more environmental laws

Environmental campaign groups lodged a complaint against the European Commission on Tuesday, accusing the EU executive of moving ahead with an overhaul of water protection and management laws... 

Brent crude rises above $100 a barrel as Middle East conflict escalates

Benchmark Brent crude oil futures rose past $100 a barrel on Wednesday, breaching the symbolic barrier for the first time since July 24 as intensifying conflict in the Middle East fuelled growing... 

Alberta landowners take regulator to court over oil well cleanup

A group of Alberta landowners are going to court to argue that the province's energy regulator has chronically and knowingly underfunded a program meant to protect the public from the cost of... 

Workers at Yancoal Australia's Premier coal mine vote for strike over pay dispute

Workers at Yancoal Australia's Premier coal mine voted in favour of a strike, seeking higher pay and greater certainty over entitlements and future earnings, the Mining and Energy Union (MEU) said... 

Capped at home, China extends its aluminium dominance abroad, Reuters says

China's aluminium smelters have been running red hot this year. The Shanghai aluminium price is nudging three-month highs, raw material costs are historically low and margins are strong. Every... 

Copper set to test $15 000 as investors await US data, tariff clarity

Copper prices could break through $15 000 for the first time as soon as this week, analysts said on Tuesday, as investors position for another round of US economic data and President Donald Trump... 

Tamarack Valley, Headwater Exploration agree $7.2bn all-stock merger

Canadian oil producers Tamarack Valley and Headwater Exploration will merge in an all-stock deal valued at C$10 billion ($7.25 billion), the companies said on Tuesday. The deal would create the... 

Indian steel prices set to rise further on coking coal costs, demand revival

Indian steel prices are expected to rise further in the coming weeks as a post-monsoon pickup in infrastructure and automotive demand tightens the market while higher coking coal costs lift... 

Congo extends State control over mining with bid to lock down geological data

Democratic Republic of Congo plans to tighten control over geological data that guides billions of dollars in mining exploration, potentially extending state influence over the development of... 

Europe's largest carbon capture facility opens in Netherlands

The largest carbon capture facility in Europe opened in the Netherlands on Monday, developed by Norwegian fertiliser company Yara International. The carbon capture and storage (CCS) facility in... 

Chile should improve copper smelters before building more, Cochilco says

Chile should improve the performance of its existing copper smelters before building new ones, State copper commission Cochilco said on Monday, as global competition for copper concentrate... 

Goldman Sachs raises oil price forecasts on prolonged Mideast shipping risks

Goldman Sachs raised its Brent and West Texas Intermediate (WTI) crude oil price forecasts by $5 a barrel for December 2026 and 2027, citing an expectation that shipping disruptions in the Middle... 

Rio Tinto to acquire Aurukun bauxite project from Glencore, Mitsubishi Development

Rio Tinto has agreed to acquire the Aurukun bauxite project in Western Cape York, Queensland, from a joint venture between London-listed Glencore and Mitsubishi Development, a company spokesperson... 

BHP, union talks for Port Hedland iron-ore workers to stretch on into next week

Talks between BHP and unions representing workers at the mining giant's Port Hedland iron-ore operations in Western Australia ended without a deal, with further negotiations scheduled for next... 

China August iron-ore imports beat expectations as typhoons delay July customs clearance

China's iron-ore imports in August rose 0.4% from a month earlier, defying analysts' expectations for a decline, as multiple typhoons battered unloading at ports and delayed customs clearance in... 

US imports more Congo copper as consumer acceptance grows

US buyers are increasingly turning to copper from the Democratic Republic of Congo, helping drive record imports from the African producer as industrial consumers capitalise on discounts to... 

Jefferies-linked fund seeks Singapore injunction against Radiant World

LAM Trade Finance Group II, in which US bank Jefferies has a minority stake, applied on Monday for a freezing injunction against Radiant World and its founder in Singapore, the city-state's... 

Ferrexpo shares soar as trading resumes, some production restarts

Shares in Ukraine-focused iron-ore pellet producer Ferrexpo shares surged as much as 60% when they resumed trading on Monday after several months of suspension. The company last week said it had... 

India ramps up coal rail shipments as power plant stocks dwindle

India is increasing coal shipments by rail to power plants after fuel inventories at several generators fell to critically low levels, the coal ministry said on Monday. The increase in rail... 

Brazilian court suspends licenses for Sigma Lithium mine

A Brazilian judge ordered the suspension of environmental licenses and mining activities at Sigma Lithium's Grota do Cirilo mine, a court document seen by Reuters showed. The decision was made on... 

Australia's shale players say they've learnt from mistakes made in the LNG boom

Developers of shale gas in Australia's Northern Territory say they plan to replicate the liquefied natural gas (LNG) boom in the State of Queensland, but without the duplication of infrastructure... 

Top China steelmaker Baowu eyes stake in BHP iron-ore mine, sources say

China Baowu Steel Group, the world's largest steelmaker, is eyeing a minority stake in BHP's Jimblebar iron-ore mine in Western Australia, according to two people briefed on the matter. Baowu is... 

Deeper cobalt discounts add to squeeze on Indonesian nickel producers' margins

Chinese makers of batteries for electric vehicles are demanding steeper discounts for cobalt, which could further cut into margins at Indonesian nickel producers squeezed by rising costs of ore and... 

China rare earth firms halt some US shipments over geopolitical worries, sources say

Some Chinese rare earth suppliers are declining to ship to the US for fear of repercussions from Beijing, three sources said, underscoring how access to the materials remains an issue for the US... 

US July copper imports hit highest level on record

The US imported a record 225 094 tons of refined copper and copper alloys in July, official data showed on Thursday, as traders continued to ship large volumes of the metal before a tariff is...