Africa Top Stories

Zambia plans state firm to own 30% of critical minerals mines

The government also intends to make investors in the critical minerals sector allocate at least 35% of procurement costs to local suppliers.

Bloomberg News | August 29, 2024 | 10:40 am

Impala chief sees no new platinum mines built in South Africa amid EV threat

Impala is curbing new investment after headline earnings in the…

Reuters | August 29, 2024 | 9:57 am

Kumba to invest further $428 million in iron ore processing plant upgrade

The new technology is expected to increase the volume of…

Reuters | August 29, 2024 | 9:55 am

Botswana’s ODC seeks $300 million loans for diamond purchases

ODC currently gets 25% of its production from Debswana, a…

Reuters | August 29, 2024 | 9:36 am

Ghana to launch ‘monster mines’ to boost gold production

The African nation will commission its first large-scale greenfield mine…

Reuters | August 29, 2024 | 9:25 am

Ivanhoe Electric refutes Ma’aden share sale claims

Ivanhoe said Saudi Arabia's Ma’aden, its 50/50 partner in the Middle East, has no intention to sell its shares in the US company.

Cecilia Jamasmie | June 13, 2024 | 5:25 am

Zambia takes first step to start trader competing with Glencore

The cabinet approved the creation of a special purpose vehicle that will invest and trade in Africa’s second-biggest copper producer.

Bloomberg News | June 12, 2024 | 3:27 pm

A fifth of copper smelting capacity suspended in May, data shows

Global inactivity reached 25.4% on May 8, with seasonal maintenance closures remaining a key feature, Earth-i said.

Reuters | June 12, 2024 | 11:28 am

Congo to buy out UAE partner in gold venture as shipments slump

The partnership sold 5 tons of hand-mined gold, worth about $300 million, in its first year of operation.

Bloomberg News | June 12, 2024 | 10:00 am

Zambia to set up mineral investment and trading unit

The country, which produced 698,000 tonnes of copper in 2023, is targeting 3 million tonnes in annual output within the next decade.

Reuters | June 12, 2024 | 7:43 am

MMG to invest $700 million to double copper output at Botswana mine

MMG announced in March that it had completed a deal to buy Canada-based Cuprous Capital, the parent company of Khoemacau mine.

Reuters | June 12, 2024 | 7:15 am

Kamoa-Kakula is now world’s third-largest copper mining complex

Ivanhoe Mines has achieved first concentrate production at the Kamoa-Kakula operation’s Phase 3 concentrator.

Staff Writer | June 11, 2024 | 9:58 am

Gemfields picks ex-De Beers boss Bruce Cleaver as new chair

Bruce Cleaver, who was at the helm of De Beers for seven years to 2023, takes the position effective July 1.

Cecilia Jamasmie | June 11, 2024 | 3:53 am

Premium Nickel upsizes Botswana financing to $20 million

The upsized financing represents nearly double the initial offering amount.

Staff Writer | June 10, 2024 | 10:50 am

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