MINING.COM

Zimbabwe takes full control of controversial state miner

Kuvimba holds some of Zimbabwe’s best mining assets, which were once owned by a company controlled by US- and UK-sanctioned tycoon Kudakwashe Tagwirei.

Bloomberg News | February 8, 2024 | 11:07 am

Palladium price drops below platinum for first time in five years

Palladium fell by 39% in 2023 after rising prices from 2018 to 2022 caused the auto sector, accounting for 80% of demand, to start replacing it with cheaper platinum in autocatalysts.

Staff Writer | February 8, 2024 | 8:30 am

Congo artisanal cobalt monopoly can launch in months, CEO says

Entreprise Generale du Cobalt will soon launch pilot sites around the town of Kolwezi.

Bloomberg News | February 8, 2024 | 7:04 am

US to commit more funds to African rail link for metal exports

The United States will provide more funds for the construction of the Lobito Corridor.

Reuters | February 8, 2024 | 6:57 am

‘Silver is the new gold’ as Egyptians try to protect savings

The price of one gram of silver more than doubled in a year but at about 47 Egyptian pounds, it remains far cheaper than gold.

Reuters | February 8, 2024 | 4:29 am

Sun Peak set to resume work in Ethiopia’s conflict-ridden region, shares up

Its flagship copper-gold project has been put on hold since November 2020 after a civil war broke out in the Tigray Region.

Staff Writer | February 7, 2024 | 12:38 pm

Botswana sets aside $65m to buy 24% stake in gem trader HB Antwerp

The deal would value the Belgian company, founded in 2020, at $275 million.

Reuters | February 7, 2024 | 9:58 am

Congo’s Gecamines and Entreprise Generale du Cobalt sign mining deal

Created by government decree in December 2019, EGC was granted a monopoly on artisanal cobalt produced in the country.

Reuters | February 7, 2024 | 9:32 am

Cybertruck: Musk needs mines

Powered by Tesla’s own made-in-Texas batteries, the stainless steel Cybertruck carries a heavy load of nickel, cobalt, manganese, graphite and lithium.

Frik Els | February 7, 2024 | 9:19 am

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Ivanhoe Electric refutes Ma’aden share sale claims

Zambia takes first step to start trader competing with Glencore

A fifth of copper smelting capacity suspended in May, data shows

Congo to buy out UAE partner in gold venture as shipments slump

Zambia to set up mineral investment and trading unit

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