Montage hikes Koné gold project economics in West AfricaThe project 470 km northwest of coastal Abidjan, the West African country’s largest city, has a net present value of $1.1 billion at a 5% discount rate with a 31% internal rate of return.Colin McClelland | January 17, 2024 | 1:47 pm
Train collision disrupts supplies to Africa’s biggest coal portThe disruption comes as Transnet struggles to improve its performance,…Bloomberg News | January 16, 2024 | 9:41 am
Most cobalt producers loss-making after 2023 price slump, says ERGChinese-owned companies are aggressively expanding cobalt mining in Congo and…Reuters | January 16, 2024 | 7:55 am
Zambia’s mining minister expects Mopani Copper Mines deal by end-March There are 10 suitors for the mine and smelter complex, including Sibanye-Stillwater. Reuters | February 6, 2023 | 3:58 am
South Africa’s century-old gold refiner runs at 75% as mines dim The 102 year-old Rand Refinery is the only African refiner accredited with the London Bullion Market Association. Bloomberg News | February 3, 2023 | 9:43 am
Zinc price slumps on jump in inventories and weak Chinese demand Inventories in warehouses registered with the Shanghai Futures Exchange have more than doubled over the last two weeks. Reuters | February 3, 2023 | 7:45 am
Thungela Resources to buy controlling stake in Australian mine The coal producer has been searching for assets outside South Africa, where shipments are being curbed by rail bottleneck. Bloomberg News | February 3, 2023 | 7:39 am
Kumba delivers profit warning after rail problems hit exports The Anglo American unit produced 37.7 million tonnes of the key steel ingredient in 2022, down from 40.9 million tonnes the previous year. Reuters | February 2, 2023 | 10:30 am
First Quantum worker dies at Trident operations in Zambia Operations in the pit have been temporarily suspended until deemed they can resume safely. Reuters | February 2, 2023 | 9:48 am
Gold Fields disputes Ghana tax bill Company said the size of the back taxes bill is "nowhere close" to the amount Ghana has demanded from mobile operator MTN. Reuters | February 2, 2023 | 9:42 am
Amplats says 2022 refined PGM output fell 25%, 2023 outlook unchanged The company said refined PGM production from its operations was 3.831,1 million ounces in 2022, down from 5.138,4 million ounces the previous year. Reuters | February 2, 2023 | 7:44 am
Zimbabwe allows miners, exporters to keep more forex from exports Over the years, the country has struggled to attract significant foreign investment. Reuters | February 2, 2023 | 7:37 am