Ghana lost the position to South Africa in 2021 after a drastic fall in output.

Altona, which is advancing the Monte Muambe rare earths project in northwest Mozambique, raised $2.5 million.

Kouroussa, Hummingbird’s second operating mine in Africa, will ramp up to commercial production during the second half of 2023.

The southern African country has significant deposits of lithium as well as rare earth minerals.

Copper mining company profits topped $100 billion two years in a row, but building a new mine now takes on average 16 years.

Coronation Fund Managers has reduced the Impala Platinum Holdings Ltd. and Northam Platinum Holdings Ltd. shares in its resources fund this year.

Eurasian Resources Group has asked authorities to reconsider a ban imposed on its Boss Mining unit's copper and cobalt operations.

It signed a deal with two China-linked companies in June 2021 to construct the railway, despite facing legal action from Australia's Sundance Resources.