Caledonia Mining: Zimbabwe is "open for business" Proactive uses images sourced from Shutterstock Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has released a highlights video from its Zimbabwe Mining Forum, after the company hosted around 150 mining executives, investors and officials for a Cape Town breakfast focused on the country’s mining sector. Chief executive Mark Learmonth said the session enabled “a substantive dialogue between government and industry,” adding that the messa ...

Group 1: China-South Africa Trade Relations - China has announced a new zero-tariff policy for South Africa, granting duty-free access for 100% of South African tariff lines starting in May 2026, without requiring reciprocal tariff cuts from South Africa [2][9] - This agreement positions South Africa as the 33rd African nation to enter a zero-tariff framework, aimed at addressing a significant trade imbalance favoring China [2][3] - The policy is expected to benefit South African exporters in sectors such as mining, agriculture (notably citrus and rooibos tea), and automotive, while also enhancing China's influence within the BRICS+ bloc [3][9] Group 2: European Central Bank (ECB) Insights - The ECB's Economic Bulletin indicates a resilient Eurozone economy, with projected Q4 2025 growth of 0.3% and inflation falling to 1.7%, below the bank's 2% target [4][9] - ECB officials express caution regarding future rate paths, highlighting geopolitical risks and China's rising competitiveness as potential downward pressures on European growth and inflation [4][5] Group 3: U.S. Federal Reserve Outlook - Investors are anticipating comments from Federal Reserve officials, particularly regarding recent labor market data, which has been described as "strange" by Vice Chair Michelle Bowman [6][9] - The focus remains on whether the Fed will implement further rate cuts or maintain a "higher for longer" stance to address persistent inflation in the services sector [6][9]

Teck — the Canadian miner being acquired by Anglo American — reports a jump in earnings aided by higher copper prices https://t.co/pcqOyUR7Up ...

The world's second-biggest miner by market value said it made a net profit of $9.97 billion in 2025, down from $11.55 billion a year earlier. ...

Market Overview - European stocks are expected to open in mixed territory with the U.K.'s FTSE index projected to rise by 0.15%, while Germany's DAX is expected to decline by 0.25%, France's CAC 40 by 0.15%, and Italy's FTSE MIB slightly below the flatline [1] - Global market sentiment is being influenced by U.S. stock futures trading near the flatline after a positive session, driven by gains in technology stocks and strength in financials and energy sectors [3] Earnings Reports - A busy day of earnings is anticipated with companies such as Nestle, Rio Tinto, and Zurich Insurance reporting their results [2] - Airbus expects to deliver 870 commercial aircraft in 2026, which is slightly below the analysts' expectation of approximately 880 [2] Oil Market - Oil prices increased by over 4% following comments from U.S. Vice President JD Vance regarding Iran's nuclear talks, indicating potential military action if diplomatic efforts fail [4] Regional Market Activity - In Asia-Pacific markets, stocks traded higher as several exchanges returned from the Lunar New Year holiday [4]

Core Insights - Teck Resources Limited reported strong Q4 2025 financial performance, driven by higher copper prices and operational efficiency [2][5] - The company is advancing its merger with Anglo American, with significant shareholder support and regulatory approval [2][6] Financial Performance - Q4 2025 revenue reached CAD 3,058 million, up from CAD 2,786 million in Q4 2024, representing a 9.8% increase [5] - Gross profit for Q4 2025 was CAD 990 million, compared to CAD 542 million in Q4 2024, marking an 82.8% increase [5] - Adjusted EBITDA for Q4 2025 was CAD 1,513 million, a significant increase of CAD 678 million from CAD 835 million in Q4 2024 [6][5] - Profit from continuing operations attributable to shareholders was CAD 544 million, or CAD 1.11 per share, compared to CAD 385 million, or CAD 0.75 per share in Q4 2024 [5][7] Merger and Strategic Developments - The proposed merger with Anglo American is expected to create a top-five global copper company, with annual pre-tax synergies estimated at approximately USD 800 million [6][10] - Shareholders voted overwhelmingly in favor of the merger on December 9, 2025, and received approval from the Government of Canada on December 15, 2025 [6][10] Operational Highlights - At Quebrada Blanca (QB), copper production in Q4 2025 was 55,400 tonnes, an increase of 15,800 tonnes from Q3 2025, marking the strongest quarterly performance of the year [10] - The copper segment generated gross profit before depreciation and amortization of CAD 1.1 billion in Q4 2025, driven by higher copper prices averaging USD 5.03 per pound [6][5] - The zinc segment reported gross profit before depreciation and amortization of CAD 305 million in Q4 2025, slightly down from CAD 320 million in the same period last year [6][5] Safety and Sustainability - The annual High-Potential Incident (HPI) frequency rate improved to 0.06, which is 50% lower than the previous year [6][15] - Teck was recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its commitment to exceptional human resource programs [15]

Rio Tinto Group posted a virtually flat full-year profit as improvements in copper and aluminum failed to offset the impact of China’s sputtering economy https://t.co/OUmrmd6ENo ...

Group 1: Rio Tinto - Rio Tinto reported a full-year underlying EBITDA of $25.36 billion, exceeding analyst estimates of $24.72 billion, driven by strong copper and aluminum production [2][9] - The company's underlying profit reached $10.87 billion, slightly above the expected $10.81 billion, while net income of $10 billion fell short of the forecast of $10.7 billion [2][9] - Rio Tinto maintained its output and sales guidance, indicating stability in its core iron ore and copper operations, and expects exploration and evaluation expenses to reach approximately $0.8 billion in 2026 [3] Group 2: Airbus - Airbus reported mixed Q4 2025 results, with revenue of €25.98 billion missing the estimate of €26.32 billion, although adjusted EBIT for the quarter was €2.98 billion, surpassing the €2.85 billion estimate [4][9] - The company expects to deliver approximately 870 planes in 2026, below the analyst consensus of 896, primarily due to ongoing engine delivery issues [5][9] - Airbus lowered its 2026 adjusted EBIT forecast to €7.5 billion and free cash flow target to €4.5 billion, both significantly below previous market projections [5] Group 3: JPMorgan Chase - JPMorgan Chase is reportedly in discussions to provide banking services for President Trump's newly established "Board of Peace," which aims to support a $5 billion reconstruction fund for Gaza [6][9] Group 4: Capstone Copper - Capstone Copper faced a setback as CIBC analysts downgraded the stock's rating to Neutral and reduced its price target to C$16 from C$20, citing concerns over deferred production targets and rising inflationary costs [7][9]

Core Viewpoint - Troubadour Resources Inc. is clarifying details regarding its non-brokered private placement offerings, which include up to 150,000,000 units at $0.02 per unit and up to 24,000,000 flow-through units at $0.025 per unit [1] Group 1 - The total offering consists of two parts: the Private Placement and the FT Private Placement [1] - Each common share purchase warrant from the Private Placement and FT Private Placement allows the holder to purchase one additional common share at an exercise price of $0.05 per share [1] - The warrants will be valid for a period of twenty-four months from the date of issuance [1]

SHERY: SHERY: THIS IS "THE ASIA TRADE." THIS IS "THE ASIA TRADE." AVRIL: AVRIL: ASIAN STOCKS SET FOR GAINS ASIAN STOCKS SET FOR GAINS AZTEC DRIVES A WALL STREET AZTEC DRIVES A WALL STREET REBOUND WITH JITTERS AROUND A REBOUND WITH JITTERS AROUND A DISRUPTION EASING. DISRUPTION EASING. OIL CLIMBS ON U.S.-IRAN OIL CLIMBS ON U.S.-IRAN TENSIONS.TENSIONS. THE LATEST FED MINUTES SHOW A THE LATEST FED MINUTES SHOW A FED SHIFTING FURTHER AWAY FROM FED SHIFTING FURTHER AWAY FROM FURTHER RATE CUTS, PUTTING THE FURTHE ...