Africa Top Stories

Trafigura seeks control of Zimbabwe’s metals for unpaid debts

Under the agreement, Trafigura will be paid $225.6 million by nickel and goldmining subsidiaries of state-run Kuvimba Mining.

Bloomberg News | April 29, 2022 | 8:43 am

Zambia’s ZCCM-IH to appoint adviser to restructure Mopani Copper Mines

Zambia took on $1.5 billion in debt to buy Mopani…

Reuters | April 29, 2022 | 7:18 am

Opinion: World lacks time, not minerals for climate-saving technology

The Russian invasion of Ukraine, covid-related supply chain disruptions, and…

Bloomberg News | April 29, 2022 | 4:24 am

Glencore hails trading unit outlook, cuts copper guidance

It said earnings from its marketing unit will “comfortably” top…

Cecilia Jamasmie | April 28, 2022 | 3:47 am

Petra Diamonds mulls sale of loss-making Koffiefontein mine

Petra wants to offload the Koffiefontein diamond mine in South…

Cecilia Jamasmie | April 27, 2022 | 3:48 am

Zambia mining revenues drop 30% due to covid-19

A plunge in copper prices has dented companies' revenues.

Reuters | June 18, 2020 | 8:39 am

$37 billion gold project spend needed by 2025

Wood Mackenzie has identified around 260 projects gold miners and investors could turn to.

MINING.com Editor | June 17, 2020 | 12:35 pm

Congo mining revenue falls 20% on covid-19 impact

While revenues are down, production of copper and cobalt hasn’t been greatly affected by the pandemic.

Bloomberg News | June 17, 2020 | 11:01 am

Sudan further opens gold trade to private sector

A circular approved bars government bodies from exporting gold and opens the trade to private firms.

Reuters | June 17, 2020 | 8:16 am

Congo mining provinces impose new covid-19 lockdowns

Cases of covid-19 have multiplied despite the imposition of short-term lockdowns.

Reuters | June 16, 2020 | 2:40 pm

RioZim halts production over payment delays

Zimbabwe's biggest gold miner stopped production due to delays in payments for deliveries to the country's sole buyer of bullion.

Reuters | June 16, 2020 | 9:18 am

Tesla strikes deal to buy cobalt from Glencore for EV plants

The deal could involve Glencore supplying as much as 6,000 tonnes of the metal a year for lithium-ion batteries.

Bloomberg News | June 16, 2020 | 8:43 am

Gold and iron ore are doing equally well. Their miners are not

Shares in Rio Tinto are down 4.8% so far this year. Stock in BHP is down 9.6%.

Reuters | June 15, 2020 | 1:09 pm

Kinross Gold boosts position in Mauritania

In-principle deal with the government would give Kinross a 30-year exploitation licence for Tasiast Sud.

Cecilia Jamasmie | June 15, 2020 | 7:25 am

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