Africa Top Stories

US-backed Angola rail plan secures $200 million from key bank

The Development Bank of Southern Africa has approved as much as $200 million for the Lobito corridor rail project.

Bloomberg News | September 3, 2024 | 10:56 am

Sinomine says its Tsumeb smelter contains over 700t of germanium

Germanium is a critical mineral used in chipmaking, infrared technology,…

Reuters | September 3, 2024 | 10:43 am

Xi wants bigger returns, fewer headaches from African debt deals

From Angola to Djibouti, for over a decade, China poured…

Bloomberg News | September 3, 2024 | 7:15 am

Kodal Minerals to be West Africa’s first London-listed lithium miner

The developer is on track to reach first production at…

Staff Writer | September 3, 2024 | 3:44 am

POSCO International to invest $40 million in Black Rock Mining

POSCO's stake in Black Rock Mining will increase from 10.1%…

Reuters | September 3, 2024 | 3:30 am

Latest Stories

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

Zimbabwe state miner says lithium assets attract investors

Kuvimba has identified a lithium ore resource of 38 million tons at Sandawana, the site of a mothballed emerald mine formerly run by Rio Tinto.

Bloomberg News | May 23, 2024 | 9:08 am

South32 CEO Kerr says open to buying joint Anglo American manganese assets

South32 has been one of the most active miners in buying and selling assets.

Reuters | May 23, 2024 | 7:16 am

Lawyers representing Congo claim to have new evidence on Apple’s use of conflict minerals

Apple has said in the past that it does not directly buy, procure or source primary minerals, and it has been auditing its suppliers for several years.

Staff Writer | May 22, 2024 | 11:00 am

Fortescue excluded from world’s biggest hydropower plant development

The Grand Inga has long faced headwinds because of Congo’s history of corruption and the expected cost of the multiphase project.

Bloomberg News | May 22, 2024 | 9:38 am

Zimbabwe’s central bank gold reserves to back ZiG currency rise

The ZiG, short for Zimbabwe Gold, launched April 5 is backed by 2.5 tons of gold and $100 million in foreign currency reserves.

Bloomberg News | May 22, 2024 | 9:06 am

Harmony Gold reports fatality at South Africa mine

At least 54 workers died in mining-related accidents in South Africa last year.

Reuters | May 22, 2024 | 8:16 am

Anglo American rejects BHP’s third bid, extends deadline

Anglo has left the door open for BHP as it agreed to grant it a one-week extension to table a binding offer.

Cecilia Jamasmie | May 22, 2024 | 7:03 am

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