Africa Top Stories

GoviEx Uranium has mining licence in Niger revoked, shares plummet

With an expected cost of $343 million, the Madaouela project was poised for development and had started to advance despite the political changes.

Staff Writer | July 4, 2024 | 11:13 am

Gold, copper equities to rise, metals flat: analysts

Investors are moving into gold equities from bullion, and the…

Colin McClelland - The Northern Miner | July 4, 2024 | 7:51 am

Ivory Coast says Endeavour leak sickened people, killed fish

The miner had said a valve ruptured on June 23,…

Bloomberg News | July 3, 2024 | 11:03 am

Gem Diamonds unearths 123-carat stone in Lesotho

This is the eighth stone over 100 carats found at…

Staff Writer | July 3, 2024 | 10:12 am

UAE’S IHC unit withdraws offer for Vedanta’s Zambian copper mines over price

International Resources Holding had wanted a majority stake in Konkola…

Reuters | July 3, 2024 | 8:16 am

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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