Giant Congo cobalt mine exports at risk as investors feud

An intensifying feud between shareholders of the Tenke Fungurume mine may lead a court-appointed administrator to block its exports of copper and cobalt.

Bloomberg News | July 9, 2022 | 12:12 pm

Top 50 mining stocks lose $600bn in market value from peak

After a brutal second quarter, investors in the world’s 50 biggest mining companies are in full retreat as metal prices slump and uncertainty grips the sector.

Frik Els | July 8, 2022 | 2:53 pm

Giant new power plants undermine South Africa’s emissions pledge

The 4,800MW Kusile plant and the almost identical Medupi facility will be key to meeting its demand for energy.

Bloomberg News | July 8, 2022 | 9:07 am

Dirty coal is keeping South Africa’s inflation in check

South Africa’s reliance on coal to generate most of its power makes it an environmental pariah but it’s also helping keep inflation in check.

Bloomberg News | July 8, 2022 | 7:43 am

Asante pours first gold at Bibiani mine in Ghana

The mine is expected to produce 175,000 ounces of the precious metal over the next 12 months, ramping up to 220,000 ounces the second year.

Cecilia Jamasmie | July 7, 2022 | 9:55 am

S.Africa’s Transnet issues veiled threat to coal exporters

Transnet announced it had lifted force majeure on nine coal exporting parties that had agreed to amend transportation contracts but voiced frustration at not being able to reach a deal with other miners.

Reuters | July 7, 2022 | 7:14 am