Africa Top Stories

Zimbabwe’s central bank gold reserves to back ZiG currency rise

The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves.

Bloomberg News | May 22, 2024 | 9:06 am

Harmony Gold reports fatality at South Africa mine

At least 54 workers died in mining-related accidents in South…

Reuters | May 22, 2024 | 8:16 am

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it…

Cecilia Jamasmie | May 22, 2024 | 7:03 am

Anglo’s second largest investor demands BHP bid revision

Petition by South Africa's Public Investment Corporation (PIC), which owns…

Cecilia Jamasmie | May 22, 2024 | 3:33 am

Ma’aden extracts lithium from seawater

The Saudi Arabia project is still a pilot and not…

Staff Writer | May 21, 2024 | 10:02 am

Sibanye-Stillwater to axe 4,000 jobs in gold mines restructuring

The planned restructuring of its loss-making South African gold operations may impact 3,107 employees and 915 contractors.

Cecilia Jamasmie | April 11, 2024 | 3:45 am

NextSource stock jumps on lease agreement to build graphite plant in Mauritius

NextSource has pre-ordered process equipment with a production capacity of 3,600 tonnes per year of spheronized and purified graphite.

Staff Writer | April 10, 2024 | 1:08 pm

Zimplats to cap job cuts at 1% of workforce, CEO says

Zimbabwe's biggest platinum producer announced in March it was offering voluntary job cuts.

Reuters | April 10, 2024 | 7:59 am

Asante Gold to bid for Newmont’s Akyem mine

Asante’s plan follows calls from Ghana’s government for local ownership of Akyem.

Bloomberg News | April 10, 2024 | 7:22 am

Sibanye may seek $500m via metals prepayment deals to boost cash

The precious metals producer saw profits tumble $2 billion last year due to lower metal prices and a reported $2.6 billion of impairments.

Reuters | April 10, 2024 | 5:31 am

Amplats says it has received no credible offers for South African assets

Parent company Anglo American prompted the speculation in February when CEO Duncan Wanblad said "nothing is off the table".

Reuters | April 10, 2024 | 5:25 am

Silvercorp sells stake in Orecorp to Perseus Mining

Silvercorp is selling its 15.6% stake in OreCorp to Perseus Mining, which is poised to take control of the Africa-focused explorer by the end of next week.

Cecilia Jamasmie | April 10, 2024 | 3:29 am

Guinea’s Simandou iron ore project secures $15 billion financing

The project is expected to add around 5% to the global seaborne supply when it comes online.

Staff Writer | April 9, 2024 | 9:52 am

Altona Rare Earths strikes copper deal in Botswana

The Africa-focused explorer and developer can acquire up to 85% of Ignate African Mining's Sesana copper-silver project.

Staff Writer | April 9, 2024 | 5:43 am

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