Africa Top Stories

Sibanye Stillwater sticks to currency hedging strategy

The world's biggest platinum miner said it constantly assesses the markets and considers its risk mitigation strategies accordingly.

Reuters | September 29, 2022 | 10:08 am

Alrosa discovers 22 new diamond deposits in Zimbabwe

Alrosa will only be allowed to work on two of…

Bloomberg News | September 28, 2022 | 11:59 am

Anglo coal spinoff looks cheap against peers after 1,300% surge

Thungela Resources has soared more than 1,300% since the South…

Bloomberg News | September 28, 2022 | 9:34 am

Sasol to announce green hydrogen deals with local miners soon

Sasol will start producing 3.5 tonnes per day of green…

Reuters | September 28, 2022 | 9:27 am

Konkola Copper Mines hires RMB to find new investor

Zambia's previous government put KCM in the hands of a…

Reuters | September 28, 2022 | 7:31 am

Most miners lag behind in human rights issues — report

Ten years after the adoption of United Nations principles, a study shows most miners have yet to step up efforts to improve their human rights record.

Cecilia Jamasmie | February 18, 2021 | 10:10 am

Sundance Resources readies for arbitration over Congo Republic mine project

Company said it is advancing plans to start international arbitration after the African country cancelled its Nabeba iron ore project in December.

Reuters | February 18, 2021 | 8:35 am

Gold Fields earnings surge on strong gold prices

Production in 2020 remained within the revised guidance range, increasing by 2% to 2.236 million ounces from 2.195 million ounces.

Reuters | February 18, 2021 | 7:29 am

Sibanye-Stillwater profit soars, targets push for greener tech in future output

Group gold production in 2020 rose to 982,559 ounces from 932,659 ounces a year earlier.

Reuters | February 18, 2021 | 7:13 am

Golden quarter for Newmont as high prices double profit

The world's largest gold miner's adjusted profit more than doubled to $856 million in the last quarter of 2020.

Reuters | February 18, 2021 | 7:06 am

Billionaire Naguib Sawiris bets on Egypt’s gold

AKH Gold, majority owned by Sawiris, inked on Wednesday four contracts to explore in nine blocks located in the country’s eastern desert.

Cecilia Jamasmie | February 18, 2021 | 4:05 am

Governments from Mongolia to Mali seek to reopen mining deals

Any move to renegotiate agreements will trigger pushback by miners wary of threats to their profit margins, experts said.

Reuters | February 17, 2021 | 12:21 pm

First Quantum sees no ‘contagion’ risk in Zambia after Mopani deal – COO

Zambia became Africa's first pandemic-era sovereign default in November.

Reuters | February 17, 2021 | 9:01 am

Egypt extends deadline for gold mining bid round

Investors now have until May 15 to bid on blocks that will be awarded to the winning companies by September 15.

Cecilia Jamasmie | February 17, 2021 | 8:06 am

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