Africa Top Stories

VIDEO: There’s a “disconnect between junior equity prices and the gold price” — Gold Fields CEO

CEO Mark Fraser said one of the challenges in the sector is that junior developers are not seeing real value of the gold price reflected in their equities.

Staff Writer | August 19, 2024 | 11:22 am

Want to capitalize on all-time high gold price? You could be in business by 2040!

Financial markets and the mining industry have lost all touch.

Frik Els | August 19, 2024 | 11:09 am

Ivanhoe’s giant Kamoa-Kakula hits stage 3 commercial copper production in Congo

The production milestone further solidifies Kamoa-Kakula’s status.

Blair McBride - The Northern Miner | August 19, 2024 | 8:40 am

Thungela may consider steelmaking coal in hunt for new assets

The thermal coal producer bought Ensham mine in Australia last…

Reuters | August 19, 2024 | 8:24 am

Mpox risks spreading in Congo’s crowded mines, refugee camps

A strain of the virus has emerged around the gold-mining…

Bloomberg News | August 16, 2024 | 7:28 am

South African Shell-BP refinery purchase raises clean-up concern

State-owned Central Energy Fund has agreed to buy the 180,000-barrel-a-day Sapref plant for a symbolic price of one rand.

Bloomberg News | May 27, 2024 | 2:13 pm

JPMorgan says BHP plan risks $4.3 billion South Africa outflow

Such an outflow, if a deal goes ahead, could weaken the rand.

Bloomberg News | May 27, 2024 | 7:05 am

Electric mining vehicle industry’s value to reach $23 billion by 2044 – report

A new IDTechEx report notes that large EV batteries and innovative fast-charging methods are driving the adoption of electric and autonomous mining vehicles.

Staff Writer | May 26, 2024 | 7:31 am

BlackRock encouraged Anglo to extend talks with BHP

Anglo American was encouraged by key shareholders to continue engaging in talks with BHP over its proposed $49.18 billion mining merger.

Reuters | May 25, 2024 | 12:37 pm

Five killed after informal gold mine collapses in northern Kenya

The bodies of five miners have been recovered from the Hillo artisanal mine, and another three people were unaccounted for.

Reuters | May 25, 2024 | 12:13 pm

Managem’s revenues fall in Q1 on lower cobalt output

Production at its Bou Azzer mine in the Atlas mountains has been reduced "to preserve resources," amid low prices.

Reuters | May 24, 2024 | 12:05 pm

Anglo shareholders say BHP should amend structure or sweeten bid

Of the investors that Bloomberg spoke to this week, some suggested that BHP should provide a commitment to cover any lost value suffered by the subsidiaries’ new owners.

Bloomberg News | May 23, 2024 | 12:16 pm