Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 millionTwin Hills is an open-pit project with a 13-year mine life and average annual production of 175,000 oz. gold over the first five years.Colin McClelland | December 18, 2023 | 11:31 am
Burkina Faso replaces mining minister as gold output dropsGold output in one of Africa’s biggest producers dropped 13%…Bloomberg News | December 18, 2023 | 5:26 am
Plummeting platinum group prices could worsen shortage — reportPGM prices have fallen by 42% this year and could…Colin McClelland | December 15, 2023 | 8:00 am
Anglo American cuts 2023 copper output target on poor Chilean ore grades The company said production at its South African unit Kumba Iron Ore will be dented by poor rail capacity. Reuters | December 9, 2022 | 6:24 am
VW says South Africa must end coal dependence for EVs to make sense South Africa produces nearly 90% of its total energy supply from coal. Reuters | December 8, 2022 | 7:57 am
Lucapa achieves highest diamond recovery at Angola mine The Lulo mine haul consist of 20 diamonds weighing a combined 15.51 carats from just one kimberlite bulk sample. Cecilia Jamasmie | December 8, 2022 | 6:45 am
CMOC pushes back as Congo’s Gecamines demands compensation in cobalt mine dispute Congo suspects CMOC understated the mine's reserves to reduce the amount of royalties it pays to Gecamines. Reuters | December 7, 2022 | 7:08 am
Fortuna Silver grows Sunbird resource at Séguéla gold project in Côte d’Ivoire The new resource estimation is in addition to Séguéla’s current mineral reserves of 12.1 milllion tonnes averaging 2.80 g/t gold containing 1.09 million ounces. Staff Writer | December 5, 2022 | 9:16 am
CMOC threatens legal action over Congo cobalt mine export block Tenke Fungurume Mining suspended copper and cobalt exports in July, when a dispute between Congo and CMOC escalated. Reuters | December 5, 2022 | 7:10 am
Glencore pays $180 million to Congo to settle corruption claims Deal is the latest payment in a series of graft cases Glencore has faced and covers all alleged corruption activities between 2007 and 2018. Cecilia Jamasmie | December 5, 2022 | 6:53 am
War in east is eroding Congo’s budget surplus, finance minister says Windfall revenue from mining has compensated for some of the unexpected expenses of fighting a rebellion. Bloomberg News | December 4, 2022 | 10:57 am
German minister pursuing hydrogen in Namibia, South Africa Minister Robert Habeck is visiting Namibia and South Africa to secure new energy resources for Europe’s biggest economy. Bloomberg News | December 4, 2022 | 10:14 am