Africa Top Stories

Vedanta set to regain control of Zambia copper mine

Billionaire Anil Agarwal’s firm is ready to pay $250 million to settle debts owed by the Konkola mine.

Bloomberg News | June 28, 2024 | 9:03 am

China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf

The deal with Norin Mining will enable Chemaf to settle…

Reuters | June 27, 2024 | 7:43 am

AngloGold boosts investment in Brazil as it mulls Corrego’s fate

While it is investing $198m in the country this year,…

Staff Writer | June 27, 2024 | 7:15 am

Petra Diamonds cuts targets and costs in tough market

Petra plans to cut operating costs by $30 million a…

Cecilia Jamasmie | June 27, 2024 | 3:49 am

Trafigura clinches share of major zinc deal snubbed by Glencore

Production from Ivanhoe's Kipushi zinc mine in Congo will now…

Bloomberg News | June 26, 2024 | 9:59 am

Botswana in talks to raise stake in De Beers

President Mokgweetsi Masisi also said the government will play a central role in selecting a new investor to replace Anglo at De Beers.

Cecilia Jamasmie | June 10, 2024 | 5:43 am

Guinea, Emirates Global agree on alumina plant deal

The new alumina refinery is expected to have a capacity of 1 million tons a year and be built in the region of Boke.

Bloomberg News | June 9, 2024 | 9:23 am

Existing fossil fuel projects enough to meet energy demands while world transitions to net zero – study

Researchers recommend that governments legislate to ban new fossil fuel projects.

Staff Writer | June 9, 2024 | 8:34 am

Ghana’s 2023 gold output rose 8.3%

Output in 2024 is projected to rise to between 4.3 million and 4.5 million ounces.

Reuters | June 7, 2024 | 10:14 am

Zambia sees KoBold spending $2.3 billion on giant copper mine

The Bill Gates-backed company aims to produce more than 300,000 metric tons per year at Mingomba.

Bloomberg News | June 7, 2024 | 7:50 am

Sibanye loosens debt covenants to boost cash amid lower prices

The miner said on Friday that all of its lenders have agreed to raise the debt threshold on all facilities.

Reuters | June 7, 2024 | 7:34 am

Society Artisanal, Minespider partner to export conflict-free artisanal gold

Society Artisanal has engaged Minespider to track gold from the mines it oversees to its smelting facility.

Staff Writer | June 7, 2024 | 6:06 am

B2Gold nets $90 million stake in Versamet after royalty package sale

This new partnership offers B2Gold a chance to see the value in generally unrecognized royalties.

Henry Lazenby | June 6, 2024 | 11:29 am

Opening of new mines boosts Ivory Coast 2023 gold output

Gold output has been climbing steadily for several years and is expected to reach 56 metric tons this year.

Reuters | June 6, 2024 | 9:29 am

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