Sumitomo to resume Ambatovy operations early 2021

Move aims at boosting investment and local ownership of the country's vast mineral resources.

Uncertainty around the Mining Charter and ownership levels have deterred investment in a sector that accounts for 8% of the country's economic output.

Trafigura has already increased its foothold in nickel with an exclusive offtake agreement with Finland's Terrafame, that also produces zinc and cobalt.

Ramp-up of operations at the Sissingué gold mine was completed ahead of schedule.

The government says mining commitments reached as much as $6 billion since Mnangagwa’s appointment.

Randgold shares are now among the worst in the industry, sinking 20 percent so far this year.

Copper producer Cradle Arc is increasing output to 12,000 tonnes per year at a Botswana mine it has restarted.

South African engineering and construction group, currently subject of a takeover bid from Germany’s ATON, said projects were located in sub-Saharan Africa, North America and Australasia.

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.