News
Zimbabwe lithium company forced to shut down after Chinese investor and former executive accused of diverting $3.65 million
2+ hour, 12+ min ago (541+ words) San Ding Lithium Private Limited, a Zimbabwean lithium company, was forced to shut down after prosecutors accused a Chinese investor and former executive of diverting $3.65 million meant for its operations. The case involves suspected forged financial documents, missing company records…...
Canadian miner Montage Gold fast-tracks second Côte d’Ivoire mine as Africa’s newest gold hotspot attracts billions
6+ hour, 33+ min ago (745+ words) Canada’s Montage Gold is wasting little time turning its latest acquisition into a future mine, underscoring growing confidence in Côte d’Ivoire as one of Africa’s fastest-growing gold investment destinations. Just three months after completing its acquisition of Australian explorer African…...
Nova Africa plans $21 million Botswana gold mine restart
8+ hour, 8+ min ago (343+ words) The joint venture's acquisition package aims to revitalize the long-dormant operations and breathe new life into the region's mining sector. Located near Francistown in the North-East District, the Mupane Gold Mine first commenced operations in 2004, extracting ore from banded ironstone…...
Africa’s biggest gold producer is on track for another record as Ghana’s small-scale miners fuel an $11billion export engine
12+ hour, 43+ min ago (727+ words) Ghana’s decision to formalise its artisanal gold sector is delivering one of the biggest success stories in Africa’s mining industry. The country’s small-scale miners are on course to produce another record amount of gold this year, extending their lead over…...
DR Congo’s tax battle with Glencore puts strategic copper mine at centre of US minerals push
1+ day, 5+ hour ago (643+ words) A multibillion-dollar tax dispute between the Democratic Republic of Congo (DRC) and Glencore has intensified at one of the world’s most strategic copper and cobalt mines, raising fresh questions over a proposed US-backed investment aimed at securing critical minerals outside…...
Botswana unearths massive 1,305-carat diamond, marking its 10th record-shattering find over 1,000 carats
1+ day, 9+ hour ago (583+ words) Africa's leading diamond producer, Botswana, has reinforced its status as a global powerhouse in the gemstone industry after a massive 1,305.4-carat diamond was recovered from the country's renowned Karowe mine, adding yet another extraordinary discovery to its record of producing…...
The largest diamond company in Africa halts its operations at South Africa’s largest diamond mine
2+ day, 2+ hour ago (418+ words) The global diamond mining giant, De Beers, has decided to halt operations at the Venetia mine, the largest diamond mine in South Africa. This decision is a result of current market dynamics, where conditions for the sale of diamonds have…...
Burkina Faso's administration asserts 100% state control over the new $68 million gold mine
4+ day, 10+ hour ago (393+ words) The Captain Ibrahim Traoré-led government of Burkina Faso has officially awarded an industrial mining permit to its state-owned mining company, SOPAMIB, for the development of the Bouboulou gold project. The move signals a bold departure from decades of relying heavily…...
Canadian gold processor targets Africa’s informal mining economy with new plant in Senegal
5+ day, 10+ hour ago (892+ words) Canadian gold processor Dynacor has begun processing ore at its first African plant, opening a new phase in its attempt to build a network around the continent’s large but fragmented artisanal gold industry. The company said its Galam pilot plant…...
Nigeria edges closer to becoming Africa's next lithium powerhouse with Australian-backed 11-mineral-title portfolio
6+ day, 7+ hour ago (497+ words) Nigeria has moved a step closer to strengthening its position in the global race for critical minerals after regulators approved the transfer of additional lithium exploration licences, advancing an Australian-backed acquisition that could eventually support industries ranging from electric vehicles…...