News
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Former top producer South Africa rues lost glitter as gold price spikes
Oct 8 (Reuters) - South African mining veteran Duncan Wanblad on Wednesday lamented the country’s foregone investment in mining, as gold prices surged past $4,000 an ounce — a record high driven by expectations of lower interest rates and safe-haven demand.Addressing the Johannesburg Mining Indaba c...Reuters
Wed, Oct 8
REFILE-EU wheat stays subdued as abundant supply weighs
PARIS, Oct 8 (Reuters) - Euronext wheat again traded in a narrow range on Wednesday, with ample global supply limiting support from a falling euro and keeping futures near contract lows. December milling wheat BL2Z5, the most-active position on Paris-based Euronext, was down 0.1% at 187.50 euros ($2...Reuters
Wed, Oct 8
Long queues form at Mali fuel stations as militants block imports
Insurgents imposed blockade on fuel imports last monthMany fuel stations had closed or supplied only dieselMany reopen in Bamako after fuel arrives from Ivory Coast BAMAKO, Oct 8 (Reuters) - Motorists former long queues outside fuel stations in Mali's capital Bamako on Wednesday following se...Reuters
Wed, Oct 8
Teck Resources cuts copper production guidance at flagship Chilean mine QB
Oct 8 (Reuters) - Canadian miner Teck Resources Limited TECKb.TO on Wednesday cut the copper production forecast at its flagship Quebrada Blanca (QB) mine in Chile through 2028, following a company-wide operations review and its merger with Anglo American AAL.L.Teck shares were trading up by 2% at t...Reuters
Wed, Oct 8
Airlines brace for third day of flight delays as shutdown persists
FAA faces staffing issues amid government shutdownControllers, TSA officers working without pay during shutdownFAA staffing cut by 50% in some areas since shutdown beganBy David Shepardson BALTIMORE, Oct 8 (Reuters) - Major U.S. airlines are bracing for a third straight day of delays on Wednesday...Reuters
Wed, Oct 8
Iran has released French-German national Monterlos, France's outgoing FM says
Oct 8 (Reuters) - Iran-detained French-German national Lennart Monterlos has been released and is returning to France, outgoing French Foreign Minister Jean-Noel Barrot said in a post on the social media X."Lennart Monterlos is free!" Barrot wrote.Iran acquitted on Monday Lennart Monterlos o...Reuters
Wed, Oct 8
Rotterdam port container traffic disrupted as lashers strike for higher wages
AMSTERDAM, Oct 8 (Reuters) - Lashers in Europe's largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages, while Flemish harbour pilots protesting about pension reforms in the main neighbouring Belgian port also disrupted marine traffic there. Labour unio...Reuters
Wed, Oct 8
Congo mining firms underreported $16.8 billion in revenue, audit says
State audit claims $50.4 million lost in community fundsCourt of Auditors recommends suspension of non-compliant firmsBy Maxwell Akalaare Adombila and Sonia Rolley DAKAR, Oct 8 (Reuters) - Mining companies operating in the Democratic Republic of Congo underreported $16.8 billion in revenue betwee...Reuters
Wed, Oct 8
Slower production growth will push copper market to deficit in 2026, says ICSG
LONDON, Oct 8 (Reuters) - The global refined copper market is expected to swing to a deficit of 150,000 metric tons in 2026 from the previously expected surplus of 209,000 tons due to slower production growth, the International Copper Study Group (ICSG) said.Copper prices CMCU3 briefly hit a 16-mont...Reuters
Wed, Oct 8
CORRECTED-COLUMN-Russian strikes on Ukraine’s gas will reverberate across Europe: Bousso
Russian strikes cause critical damage to Ukrainian gas productionUkraine will need to import gas from Europe to fill production gapAmple LNG supplies will mitigate any European gas price increasesBy Ron Bousso LONDON, Oct 8 (Reuters) - Russia's heavy bombardment of Ukraine's natural gas i...Reuters
Wed, Oct 8
Iraq signs deal with Exxon to help develop large oilfield
Iraq and Exxon sign non-binding dealIncludes development, export upgrades, profit-sharing, sources saySOMO to secure Asian storage capacity with ExxonBy Aref Mohammed and Ahmed Rasheed BAGHDAD, Oct 8 (Reuters) - Exxon Mobil XOM.N signed an agreement with Iraq on Wednesday to help it develop its g...Reuters
Wed, Oct 8
Guyanese mining businessmen could be extradited to US, attorney general says
GEORGETOWN, Oct 8 (Reuters) - Guyanese businessmen Azruddin Mohamed and Nazar Mohamed would be extradited to the United States to face charges of fraud and money laundering related to gold exports, once U.S. authorities formally make the request, Guyana's Attorney General said late on Tuesday.Reuters
Wed, Oct 8
Orsted plans US Sunrise Wind for H2 2027, says Revolution back on track
COPENHAGEN, Oct 7 (Reuters) - Danish offshore wind developer Orsted ORSTED.CO maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company's CEO Rasmus Errboe told reporters on Tuesday. Orsted has meanwhile fully resumed work on t...Reuters
Wed, Oct 8
Critical Metals to supply REalloys with rare earths from Greenland project
Oct 8 (Reuters) - U.S.-based Critical Metals CRML.O has signed a letter of intent to supply magnet company REalloys with rare earths from its Tanbreez project in Greenland, the latest such deal as the government focuses on industries crucial to national security. The Wednesday announcement ...Reuters
Wed, Oct 8
Sembcorp to acquire India's ReNew solar unit to boost renewables portfolio
Oct 8 (Reuters) - Singapore's Temasek-backed Sembcorp Industries SCIL.SI said on Wednesday its subsidiary has signed a share purchase agreement to acquire ReNew Pvt Ltd's solar energy unit for about S$246 million ($190.02 million) to bolster its renewable energy portfolio in India.WHY IT'...Reuters
Wed, Oct 8
U.S. natural gas prices dip 2% on smaller daily output decline, ample gas in storage
Natural gas futures fall despite cooler weather forecastsWaha Hub prices turn positive as some producers shut wellsTropical storms unlikely to impact U.S. mainlandBy Scott DiSavino Oct 8 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday as some traders took profits after prices rose...Reuters
Wed, Oct 8
Fire at aluminum plant to hit Ford's bottom line by up to $1 billion, analyst says
By Nora Eckert DETROIT, Oct 8 (Reuters) - A fire at a New York aluminum plant that is expected to affect production of Ford Motor's F-150 truck for months will sap up to $1 billion from the automaker's earnings, according to a Wednesday note from Evercore ISI analysts. The September 16 bl...Reuters
Wed, Oct 8
ANALYSIS-Rising tungsten prices worsen oil drillers' inflation worries
China imposed export controls on five critical metals in FebruaryChina supplies 83% of global tungsten, USGS saysRising tungsten costs could add $3,000–$25,000 to oilfield drillbit prices, expert saysBy Anushree Mukherjee and Shariq Khan Oct 8 (Reuters) - U.S. shale drillers are facing higher pri...Reuters
Wed, Oct 8
