Africa Top Stories

Hummingbird Resources unveils plan to raise up to $32.7 million

Proceeds will be used to fund its growth strategy, exploration, advance its Dugbe gold project in Liberia, and boost its balance sheet.

Cecilia Jamasmie | December 21, 2023 | 6:22 am

Xtra-Gold expands Boomerang system at Kibi project in Ghana

Highlights include drill hole KBDD23536 in Boomerang Deep, which cut…

Staff Writer | December 20, 2023 | 12:14 pm

Platinum miners’ underground protest in South Africa goes on

Impala Platinum has stated that an underground protest at the…

Bloomberg News | December 20, 2023 | 8:13 am

Saturn Resources buys Shanta Gold for $180m

As part of the deal, Shanta will leave the AIM…

Cecilia Jamasmie | December 20, 2023 | 3:56 am

Global Atomic raises $11.25m for Dasa uranium project

An updated feasibility study and mine plan are due in…

Staff Writer | December 19, 2023 | 12:26 pm

Gold Fields, Yamana heads defend takeover deal as top investor balks

Gold Fields CEO Chris Griffith says he “remains confident" and hopes to get the majority of investors on board by the time shareholders vote on the transaction.

Bloomberg News | October 28, 2022 | 10:28 am

Top investor opposes Gold Fields’ takeover of Yamana

Joe Foster, who manages gold funds at investment firm VanEck, said the merger would create a more complex company with not much synergy.

Reuters | October 28, 2022 | 7:52 am

Tharisa issues $50m bond for Zimbabwe platinum mine build

The bond, which is not rated, is the first issued on Zimbabwe's Victoria Falls Stock Exchange.

Reuters | October 28, 2022 | 7:37 am

Deal with Chinese supplier key for Transnet to haul more coal

Transnet has come under fire from exporters of bulk commodities because it can’t supply them with adequate rail capacity at a time when demand is booming.

Bloomberg News | October 27, 2022 | 2:18 pm

Ivanhoe awarded new exploration rights next to Platreef project on South Africa’s Bushveld Complex

The new exploration rights form a continuous block on the southwest border of Ivanhoe's existing Platreef mining rights at Turfspruit and Macalacaskop.

Staff Writer | October 27, 2022 | 9:58 am

Higher-grade ore boosts De Beers diamond output

Production of rough diamonds climbed 4% to 9.6 million carats in the third quarter of the year, compared to the same period of 2021.

Cecilia Jamasmie | October 27, 2022 | 9:54 am

Barrick CEO says Zambia’s Lumwana mine life could be extended to 2060

Speaking at a media briefing, Mark Bristow said since 2019 Lumwana’s fortunes had been turned around, making it one of Zambia’s largest copper producers.

Reuters | October 26, 2022 | 10:59 am