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Glencore CEO Gary Nagle.
Glencore CEO Gary Nagle.
Glencore half-year earnings up 86% to $10bn
5th August 2026 By: Martin Creamer

Diversified mining and marketing company Glencore has delivered another strong operational and financial performance for the first half of the year. The assets of the London- and Johannesburg Stock Exchange- (JSE-) listed Glencore performed in... 


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Petrobras oil and gas tanks
Petrobras halts studies for $1bn gas pipeline in Brazil amid regulatory uncertainty, sources say
5th August 2026 By: Reuters

Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by... 


Westgold’s Great Fingall mine
Westgold to expand Cue hub processing rates for more ore optionality, higher output
5th August 2026 By: Sabrina Jardim

ASX- and TSX-listed Westgold Resources has announced its commitment to expand its Cue processing hub in Australia’s Murchison region, having approved the Cue expansion plan (CXP) as a capital-light... 


Shale gas
US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
5th August 2026 By: Reuters

US shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February,... 


Gran Tierra drill rig
Canada's Gran Tierra to sell South American assets to Maurel and Prom in $1.3bn deal
5th August 2026 By: Reuters

Canadian oil and gas producer Gran Tierra Energy said on Wednesday it had agreed to sell its Colombian and Ecuadorean oil operations to France's Maurel & Prom for $1.33-billion, including debt.... 


ASX screens
Miners lead Australian stocks to record highs on signs of easing Iran tensions
5th August 2026 By: Reuters

Australian shares opened at a record high on Wednesday, led by miners, as hopes grew for an imminent end to the five-month-long Iran war. The S&P/ASX 200 index rose as much as 0.7% to a record... 


TSX building
TSX hits record high as mining and technology shares jump
5th August 2026 By: Reuters

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions. The Toronto Stock Exchange's... 


El Moto project area
Spanish miner Abenójar Tungsten confirms promising European project
5th August 2026 By: Marleny Arnoldi

European tungsten developer Abenójar Tungsten confirms the El Moto project, in Spain, as a long-life and high-margin tungsten operations with an after-tax internal rate of return of 62% at base... 


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Suncor Fort Hills oil sands extraction site
Canada's Suncor beats quarterly profit estimates on higher prices, refining margins
5th August 2026 By: Reuters

Suncor Energy on Tuesday beat second-quarter adjusted profit estimates as higher crude price realizations and stronger refining margins offset weaker upstream production. Higher oil prices and... 


Maddens underground mine development
ECR uncovers visible gold vein as it progresses underground mine development in Queensland
5th August 2026 By: Marleny Arnoldi

Aim-listed ECR Minerals has identified an additional mineralised quartz vein containing visible gold at the Maddens underground mine as the company works to develop the Maddens and Brothers mining... 


Belfast magnet recycling plant rendering
Ionic to raise $8m for Belfast demo and commercial rare earths recycling
5th August 2026 By: Marleny Arnoldi

ASX-listed Ionic Rare Earths has received binding commitments for a placement to raise $8-million, which is poised to be supported by domestic and international institutional investors. The... 


Montero drilling
Montero awaits results for 625-m-long drill hole on Elvira prospect
5th August 2026 By: Marleny Arnoldi

TSX-V-listed Montero Mining and Exploration has completed geological logging of a 625-m-long drillhole at the Elvira project, in Chile, with the company confirming it intersected strongly advanced... 


George Bennett
Rainbow Rare Earths makes new executive, managerial appointments
5th August 2026 By: Lumkile Nkomfe

LSE-listed Rainbow Rare Earths has confirmed the appointments of James Beams as executive director and Brent Holme as the company’s environmental, social and sustainability manager, with both... 


Valterra Platinum CEO Craig Miller
Valterra, Pujing Chemical to collaborate on advancing innovative production technology
5th August 2026 By: Sabrina Jardim

South Africa-headquartered Valterra Platinum has, through a Chinese subsidiary, entered into a collaboration agreement with Shanghai Pujing Chemical Technology to support the scale-up and further... 


Anthony Viljoen
Andrada receives regulatory approval in Namibia for Brandberg West earn-in agreement
5th August 2026 By: Lumkile Nkomfe

Aim-listed Andrada Mining has received approval from the Namibian Competition Commission (NaCC) for the earn-in agreement made towards the Brandberg West copper, tungsten and tin project, between... 


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Latest News

Petrobras oil and gas tanks
Petrobras halts studies for $1bn gas pipeline in Brazil amid regulatory uncertainty, sources say
5th August 2026 By: Reuters

Brazil's Petrobras is reassessing a major natural gas infrastructure investment in Brazil amid regulatory uncertainty surrounding a proposed government program that could also impact a project by... 


El Teniente mine
Chile's Codelco pauses El Teniente mine expansion over new signs of seismic risk
5th August 2026 By: Reuters

Chile's State-run copper miner Codelco has paused one of its expansion projects at its flagship El Teniente mine a year after a deadly collapse, saying recent studies show greater seismic risk than... 


TSX building
TSX hits record high as mining and technology shares jump
5th August 2026 By: Reuters

Canada's main stock index rose to a record high on Tuesday, led by gains for technology and metal mining shares, as hopes rose for a reduction in Middle East tensions. The Toronto Stock Exchange's... 


Shale gas
US shale producer EOG Resources beats quarterly profit estimates on higher crude prices
5th August 2026 By: Reuters

US shale producer EOG Resources beat analysts' estimate for second-quarter profit on Tuesday, helped by a surge in crude prices. Concerns that the war in Iran, which erupted in late February,... 


Suncor Fort Hills oil sands extraction site
Canada's Suncor beats quarterly profit estimates on higher prices, refining margins
5th August 2026 By: Reuters

Suncor Energy on Tuesday beat second-quarter adjusted profit estimates as higher crude price realizations and stronger refining margins offset weaker upstream production. Higher oil prices and... 


ASX screens
Miners lead Australian stocks to record highs on signs of easing Iran tensions
5th August 2026 By: Reuters

Australian shares opened at a record high on Wednesday, led by miners, as hopes grew for an imminent end to the five-month-long Iran war. The S&P/ASX 200 index rose as much as 0.7% to a record... 


MinRes Iron Valley operation
Depletion of iron-ore mines to underpin next decade's prices, Rio Tinto executive says
5th August 2026 By: Reuters

Supply pressure stemming from the depletion of iron-ore mines built earlier this century, such as those in Australia, is set to underpin the iron-ore market and prices over the coming decade, a Rio... 


Sector News

Magazine

Magazine round up | 31 July 2026
Magazine round up | 31 July 2026

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

The entry into commercial operation of the R1.7-billion Lephalale Solar Project was celebrated recently by Exxaro Resources and its wholly owned renewable energy business Cennergi. Located near Exxaro's Grootegeluk Mine in Lephalale, the 68 MWac behind-the-meter solar PV facility comprises 129 024 solar modules installed across 185 ha. The facility is designed to generate some 176 MWh of renewable electricity yearly and is Exxaro's first utility-scale, self-generation renewables asset to enter into commercial operations.
BEHIND THE METER:

The entry into commercial operation of the R1.7-billion Lephalale Solar Project was celebrated recently by Exxaro Resources and its wholly owned renewable energy business Cennergi. Located near... 

Photo of Martin Creamer
Infrastructure to restore economic competitiveness must be put in place much faster

Under-investment in electricity, ports and rail infrastructure has increased the cost of doing business in South Africa and weakened the competitiveness of our economy. Fixed investment has fallen... 

Photo of Terence Creamer
Missed opportunity

The uptake of rooftop solar in South Africa has increased dramatically over the past five or so years, spurred initially by the extreme loadshedding from 2021 to 2024. Using satellite and other... 

Business Leader

Jonathan Skeen, MD: Commercial at the SOLA Group
Jonathan Skeen

This week we profile Jonathan Skeen, MD: Commercial at the SOLA Group, a fully South African vertically integrated renewable-energy infrastructure, generation and storage company  

UNSETTLING: Recent developments at the Public Investment Corporation (PIC), which invests funds on behalf of the Government Employees Pension Fund, are troubling, to say the least. South Africa has witnessed, and continues to feel, the damage caused by governance failures at other public entities. With more than R3-trillion under management, it is crucial that the PIC’s governance, leadership and unlisted-investment pillars are stabilised without delay.
UNSETTLING

Recent developments at the Public Investment Corporation (PIC), which invests funds on behalf of the Government Employees Pension Fund, are troubling to say the least. South Africa has witnessed,... 

Showroom

Tsurumi Pumps Africa
Tsurumi Pumps Africa

Tsurumi Pumps Africa is a specialist supplier of Japanese-engineered submersible pumping solutions, serving customers across the African continent.

VISIT SHOWROOM 
Mitsubishi Chemical Group
Mitsubishi Chemical Group

Mitsubishi Chemical Advanced Materials South Africa (Pty) Ltd is a leading manufacturer of high-performance engineering plastics for the mining...

VISIT SHOWROOM 

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