Africa Top Stories

Court approves billionaire Agarwal’s plan to reclaim Zambia mine

Vedanta now needs to follow the court ruling by releasing $250 million to settle debts that KCM owes to contractors and suppliers.

Bloomberg News | June 29, 2024 | 9:22 pm

Lithium price surge unlikely to return: Fitch

Outlook is reshaping the industry landscape, presenting opportunities and challenges…

Henry Lazenby - The Northern Miner | June 28, 2024 | 9:41 am

Botswana GDP shrinks most since 2020 as diamond output plunges

Real value added of the diamond traders and mining &…

Bloomberg News | June 28, 2024 | 9:35 am

Vedanta set to regain control of Zambia copper mine

Billionaire Anil Agarwal’s firm is ready to pay $250 million…

Bloomberg News | June 28, 2024 | 9:03 am

China’s Norinco agrees to buy struggling Congo cobalt miner Chemaf

The deal with Norin Mining will enable Chemaf to settle…

Reuters | June 27, 2024 | 7:43 am

Barrick CEO Bristow drives another U-turn in a remote land

The second-biggest gold miner this month poured its first gold in Papua New Guinea in nearly four years.

Colin McClelland | March 12, 2024 | 8:36 am

Senegal opposition coalition promises new currency and revamp of oil contracts

Ousmane Sonko launched its presidential campaign platform with promises to renegotiate mining and energy contracts.

Reuters | March 10, 2024 | 10:52 am

African Rainbow pauses Bokoni mine expansion plan after H1 profit fall

The miner's headline earnings declined to $158.5 million in the six months to December 2023.

Reuters | March 8, 2024 | 7:47 am

Perseus extends OreCorp takeover bid to April

Perseus and Silvercorp are vying for OreCorp’s Nyanzaga gold project in Tanzania, slated to produce 242,000 oz./year over its first decade.

Cecilia Jamasmie | March 8, 2024 | 3:55 am

Forsys Metals shares jump on uranium project licence renewal

Its exclusive prospecting licence for the Namibplaas uranium deposit has been renewed for two years.

Staff Writer | March 7, 2024 | 12:32 pm

Dundee Precious Metals sells Tsumeb smelter in Namibia for $49 million

Dundee acquired the smelter in 2010 to secure a processing plant for the complex concentrate from the company’s Chelopech mine in Bulgaria.

Staff Writer | March 7, 2024 | 10:00 am

Fortuna Silver takes $90.6m charge on Mexican mine closure

It will cease activities at its San José mine in Mexico this year, six months earlier than planned, due to rising costs and depleted reserves.

Cecilia Jamasmie | March 7, 2024 | 4:19 am

Platinum’s worst crisis in decades hits jobs in South Africa

The nation’s platinum sector — which accounts for about 70% of global output — has been a key export industry.

Bloomberg News | March 6, 2024 | 10:11 am

US court sides with Apple, Tesla, other tech companies over child labor in Africa

A federal appeals court refused to hold the companies liable over their alleged support for the use of child labor in cobalt mining in the DRC.

Reuters | March 6, 2024 | 7:50 am

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