Latest News & Industry Updates
Stay informed with curated articles, market insights, and MCT Trade platform updates.
Oil prices have not climbed enough to cause demand destruction, US energy secretary says
HOUSTON - Global oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained over $100 a barrel due to the US-Israel war on Iran.
Read article →Freeport-McMoRan confident in copper demand despite Iran conflict, CEO says
HOUSTON - Freeport-McMoRan expects demand for copper for use in electrification, data centers and other high-tech areas to remain resilient despite market jitters tied to the Iran conflict, CEO Kathleen Quirk told Reuters on Monday.
Read article →US House Democrat blasts Commerce's 'highly concerning' $1.6bn USA Rare Earth deal
A senior House Democrat accused US Commerce Secretary Howard Lutnick on Thursday of structuring Washington's $1.58-billion investment into USA Rare Earth in a way that gives the government "highly concerning" leverage over the company while boosting Lutnick's family-run investment firm.
Read article →Centaurus receives BNDES LoI for Jaguar nickel project
Australia-listed Centaurus Metals has received a letter of intent (LoI) from Brazil’s development bank, Banco Nacional de Desenvolvimento Econômico e Social (BNDES), for R$1-billion (about $190-million) in potential debt funding for its Jaguar nickel project.
Read article →Business entities outline risks Middle East conflict poses for South Africa
The war in the Middle East is likely to harm the global economy and South Africa’s government needs to support local businesses in the work to contain the impact, business organisation Business Leadership South Africa CEO Busi Mavuso emphasises in her latest weekly newsletter.
Read article →Iron-ore miners could face billions more in fuel costs due to Iran war, Fortescue says
BEIJING - Iron-ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday.
Read article →SA election win paves way for mining reforms, says Amec
The re-election of the South Australian Labor government has provided policy certainty and a clear mandate to advance long-awaited mining and exploration reforms, industry body the Association of Mining and Exploration Companies (Amec) said on Monday.
Read article →Committee chairperson welcomes recovery of Ekapa mineworkers’ bodies
Portfolio Committee on Mineral and Petroleum Resources chairperson Mikateko Mahlaule has welcomed the recovery of the bodies of the five mineworkers who died in an underground mud rush at Ekapa mine in Kimberley, in the Northern Cape, on February 17.
Read article →Canada’s manganese demo plant in Joburg gets extra funding from South Africa’s IDC
JOHANNESBURG (miningweekly.com) – Toronto-listed Canadian company Giyani Metals has received an additional R29.9-million from South Africa’s State-owned Industrial Development Corporation (IDC) for its high-purity manganese sulphate monohydrate (HPMSM) demonstration plant in Johannesburg.
Read article →Epiroc secures large order for autonomous, electric mining equipment in Africa
Mining and infrastructure industries productivity and sustainability partner Epiroc has won a large order for autonomous and electric surface mining equipment in Africa.
Read article →South32 shuts Gemco manganese mine as cyclone strikes
SYDNEY - South32 has paused operations at its Gemco mine and moved non-essential personnel off site as Cyclone Narelle lashes Australia's northeast, a spokesperson said on Friday.
Read article →Energy price volatility may push commodity prices higher, manganese producer warns
JOHANNESBURG (miningweekly.com) – Volatility in global oil markets could have far-reaching consequences for South Africa’s mineral export sector and push up commodity prices
Read article →