Africa Top Stories

Gold, copper equities to rise, metals flat: analysts

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.

Colin McClelland - The Northern Miner | July 4, 2024 | 7:51 am

Ivory Coast says Endeavour leak sickened people, killed fish

The miner had said a valve ruptured on June 23,…

Bloomberg News | July 3, 2024 | 11:03 am

Gem Diamonds unearths 123-carat stone in Lesotho

This is the eighth stone over 100 carats found at…

Staff Writer | July 3, 2024 | 10:12 am

UAE’S IHC unit withdraws offer for Vedanta’s Zambian copper mines over price

International Resources Holding had wanted a majority stake in Konkola…

Reuters | July 3, 2024 | 8:16 am

Sundance settles dispute with Congo Republic over iron ore project

The company has reached an agreement to settle a dispute…

Reuters | July 3, 2024 | 7:23 am

Vedanta in talks with IHC unit, investors for Zambian copper stake sale

The KCM assets have also attracted interest from other investors, said Vedanta's chief executive for base metals.

Reuters | June 26, 2024 | 8:47 am

De Beers sales drop to $315m amid search for new owner

Provisional figure is less than the $383 million fetched in the previous sales cycle and the $456 million sold at this time last year.

Cecilia Jamasmie | June 26, 2024 | 3:50 am

Sibanye CEO says may close metals streaming deal in third quarter

The miner is seeking to raise more than $500 million to shore up its balance after earnings plunged due to a rout in metal prices.

Reuters | June 25, 2024 | 9:20 am

Exxaro weighing options for Australian coal JV amid Anglo’s planned exit

The South African coal miner and Anglo equally own the Moranbah South metallurgical coal project in Queensland.

Reuters | June 25, 2024 | 7:15 am

Kodal Minerals confirms potential Mali lithium project expansion

Kodal is in competition with Australia’s Leo Lithium to develop Mali’s first lithium mine.

Staff Writer | June 25, 2024 | 7:00 am

B2Gold slashes stake in Calibre Mining

The sale of 79 million shares earned $139 million and reduced B2Gold’s holding in Calibre from 14%.

Colin McClelland - The Northern Miner | June 21, 2024 | 8:21 am

China Baowu completes purchases of stake at Simandou project

The Chinese steel mill bought an undisclosed stake from Winning Consortium Simandou, which owns the two northern blocks of the project.

Bloomberg News | June 21, 2024 | 1:56 am

Allegations of human rights abuses ‘unfounded’, Barrick tells UNHRC

The UN Human Rights Council alleges that 12 deaths occurred during/resulting from operations by security forces assigned to the North Mara mine in Tanzania.

Reuters | June 20, 2024 | 2:13 pm

Mining M&A stokes coal race against cleaner power

Many banks, insurers and investors have backpedalled from or abandoned the carbon-belching fossil fuel.

Reuters | June 20, 2024 | 10:07 am

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