Africa Top Stories

Palladium price drops below platinum for first time in five years

Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, accounting for 80% of demand, to start replacing it with cheaper platinum in autocatalysts.

Staff Writer | February 8, 2024 | 8:30 am

Congo artisanal cobalt monopoly can launch in months, CEO says

Entreprise Generale du Cobalt will soon launch pilot sites around…

Bloomberg News | February 8, 2024 | 7:04 am

US to commit more funds to African rail link for metal exports

The United States will provide more funds for the construction…

Reuters | February 8, 2024 | 6:57 am

‘Silver is the new gold’ as Egyptians try to protect savings

The price of one gram of silver more than doubled…

Reuters | February 8, 2024 | 4:29 am

Sun Peak set to resume work in Ethiopia’s conflict-ridden region, shares up

Its flagship copper-gold project has been put on hold since…

Staff Writer | February 7, 2024 | 12:38 pm

ERG to spend $1.8 billion doubling African copper, cobalt output

Currently, the company produces 200,000 tonnes of copper and 25,000 tonnes of cobalt annually at the mines across the central African copper belt.

Bloomberg News | February 7, 2023 | 9:28 am

South Africa hit by investment strike, key mining employer says

More than 200 days of power cuts last year and blackouts every day so far in 2023 have dented confidence.

Bloomberg News | February 7, 2023 | 4:47 am

Gecamines seeks to diversify into ‘transition’ minerals

Congo's state mining company plans to explore for minerals including lithium, tin, and rare earths.

Reuters | February 7, 2023 | 4:21 am

Thungela says emerging markets will want coal for decades

South Africa's no. 2 coal miner expects strong coal demand from emerging markets for at least two decades.

Reuters | February 6, 2023 | 11:39 am

Anglo American CEO urges public-private fix to Transnet crisis

Transnet has been unable to meet demand for freight trains to transport iron ore, coal and other commodities.

Reuters | February 6, 2023 | 11:01 am

Two contractors die at Galiano’s gold mine in Ghana

The incident took place near the mine's tailings storage facility at the Asanko mine.

Reuters | February 6, 2023 | 10:45 am

Burkina Faso junta to strengthen control over mining sector

Production sank 15% last year as the government battled a sprawling Islamist insurgency.

Bloomberg News | February 6, 2023 | 10:39 am

Sibanye-Stillwater CEO shrugs off gold mega-merger

Neal Froneman said he had "moved on" from the idea he floated two years ago of merging Sibanye with its South African peers.

Reuters | February 6, 2023 | 10:07 am

Harmony Gold looks to green hydrogen, LNG for power

Miners in South Africa are under pressure to find alternatives from investors anxious to meet goals on reducing carbon emissions.

Reuters | February 6, 2023 | 9:50 am

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