Africa Top Stories

CHARTS: Battery metals slump slashes average EV materials bill

The sales weighted average value of the lithium, nickel, cobalt, manganese and graphite contained in the battery of the average EV sold globally is down 60%.

Frik Els | August 27, 2024 | 8:10 am

Endeavour settles African gold mine dispute with buyer Lilium

The two companies were in dispute following Lilium’s purchase of…

Bloomberg News | August 27, 2024 | 7:47 am

Harmony Gold sees profit surge as prices rally

Harmony Gold said on Monday it will report an increase…

Reuters | August 26, 2024 | 7:02 am

Congo wants Trafigura partner Chemaf’s deal with Norinco halted

Chemaf put itself up for sale last year due to…

Reuters | August 26, 2024 | 6:50 am

Global refined copper surplus swells in first half of 2024 — report

New data from the ICSG indicated a preliminary surplus of…

Staff Writer | August 25, 2024 | 8:35 am

Botswana may raise De Beers stake as Anglo weighs spin-off

The government owns a 15% stake in De Beers and Botswana accounts for 70% of the company's annual rough diamond supply.

Reuters | June 6, 2024 | 7:13 am

Rio Tinto’s South African unit may resume mineral sands project halted by violence

Richards Bay Minerals plans to take the Zulti South project to the Rio Tinto board for approvals in the first half of next year.

Reuters | June 6, 2024 | 6:53 am

Gemfields unveils early gold estimates for Mozambique project

Resource estimate for the Nairoto project suggests the presence of 103,000 ounces of gold averaging over two grams per tonne.

Cecilia Jamasmie | June 6, 2024 | 4:25 am

Most energy and mining projects 20% over budget — study

About $1.5bn invested in energy transition-related projects are at risk through 2030, research from Bain & Company shows.

Staff Writer | June 6, 2024 | 2:00 am

Underground strike ends at Sibanye’s Kroondal operation

The protest started on Monday when more than 200 employees and contractors staged a sit-in.

Staff Writer | June 5, 2024 | 11:35 am

Mali gold mining revenue fell by 26% in 2023

The decrease in revenue was mainly due to lower taxes, ministry data showed.

Reuters | June 5, 2024 | 10:24 am

Palladium not written off the road yet, miners say

Palladium’s shortfall may ease to about 200,000 oz. in 2025 before swinging into a surplus the following year and to as much as 700,000 oz. by 2028, the World Platinum Investment Council said.

Colin McClelland | June 5, 2024 | 9:38 am