Africa Top Stories

Montage Gold gains on Lundin-backed financing

Montage said it will use the proceeds to advance its Koné gold project in Côte d'Ivoire, expected to begin construction in H2 2024.

Staff Writer | February 23, 2024 | 9:04 am

AngloGold Ashanti posts 3% drop in 2023 output

Poor ground conditions at Obuasi in Ghana and a carbon-in-leach…

Reuters | February 23, 2024 | 7:42 am

Sibanye-Stillwater to cut 2,600 jobs in South Africa

The miner kicked off in October a restructuring process at…

Cecilia Jamasmie | February 23, 2024 | 5:26 am

Harmony Gold flags profit leap on higher output and prices

The miner estimates a gold production increase by as much…

Reuters | February 22, 2024 | 9:56 am

Anglo American to review assets after writedowns and profit plunge

The miner has announced a $1.6 billion impairment charge on…

Reuters | February 22, 2024 | 9:51 am

Zimbabwe searches for mine survivors as relatives lose hope

Miners were trapped underground when a disused gold mine collapsed last week.

Reuters | October 2, 2023 | 8:38 am

Thungela says coal terminal workers’ strike not impacting exports

Workers at Richards Bay Coal Terminal have been on a strike for the past three weeks.

Reuters | October 2, 2023 | 8:29 am

South Africa says Kusile coal plant to revive capacity this year

South Africa said Eskom will add 2,400 megawatts of generating capacity to the country’s grid before the end of the year.

Bloomberg News | October 1, 2023 | 8:44 am

De Beers signs 10-year sales deal for Botswana diamonds

The pact with Botswana’s government covers a new 10-year sales deal for Debswana’s rough diamond production through to 2033.

Bloomberg News | October 1, 2023 | 8:37 am

How South Africa botched its first coal power-plant transition

Key ministers in President Cyril Ramaphosa’s government have attacked the switch to renewable energy.

Bloomberg News | September 30, 2023 | 11:34 pm

Cobalt hydroxide price tumbles amid surging supplies from DRC

Soaring production from Indonesia is also adding to surpluses.

Staff Writer | September 29, 2023 | 9:32 am

Striking South African coal port workers reject wage offer

Volumes shipped at RBCT have dropped to the lowest level in decades.

Bloomberg News | September 29, 2023 | 7:00 am

Lucara Diamond ends HB Trading sale agreement

The Canadian diamond miner cited a “material breach of financial commitments” by the Belgian manufacturer as the reason for the split.

Cecilia Jamasmie | September 28, 2023 | 3:53 am

Appian Capital Advisory appoints Head of Africa

Khathutshelo ‘K2’ Mapasa is based in Johannesburg.

Staff Writer | September 27, 2023 | 3:43 pm

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