MINING.COM

UAE giant eyes majority stake in Vedanta’s Zambian mines in expansion drive

The unit of International Holding Company recently made an offer of more than $1 billion to buy a 51% stake in Konkola Copper Mines.

Reuters | April 19, 2024 | 8:29 am

African critical minerals output could reach $2 trillion by 2050

Global revenue from mining copper, cobalt, lithium and nickel could reach $16 trillion in current dollar terms over the next quarter century, says IMF.

Bloomberg News | April 19, 2024 | 7:28 am

Africa’s lithium supply to almost triple this year – Benchmark Mineral Intelligence

In 2023, the region contributed 4% to global lithium production, but this year it's expected to reach 10%.

Staff Writer | April 18, 2024 | 10:23 am

Sibanye cuts more jobs after shutting loss-making Marikana shaft

Some 469 employees were transferred to Sibanye's other PGM operations, while another 226 were taken off the payroll.

Reuters | April 18, 2024 | 9:12 am

Rio Tinto, Saudi Arabia vying for First Quantum mines stake

Japanese trading houses Mitsui and Sumitomo have also been studying the assets, Bloomberg said.

Bloomberg News | April 18, 2024 | 5:22 am

Short squeeze fears grip tin as LME says it’s watching market

Tin's 25% advance in 2024 puts it well ahead of more closely-watched commodities like copper or crude oil.

Bloomberg News | April 17, 2024 | 5:37 am

Zambia copper mines hit by state utility’s warning of power cuts

The southern African nation, which relies on hydropower for 85% of its electricity generation, is experiencing rolling blackouts amid an ongoing drought.

Bloomberg News | April 17, 2024 | 5:29 am