News
S&P slashes Botswana’s rating status as diamond slump strains economy and fiscus
5+ hour, 17+ min ago (777+ words) S&P said Botswana's heavy reliance on the sector means any sustained downturn in diamond markets has an outsized impact on the broader economy. S&P Global Ratings has downgraded Botswana's sovereign credit rating, warning that prolonged weakness in the…...
Run on numbers: the impact of global trade on South Africa's sugar, energy, diamonds, and livestock industries
1+ week, 1+ day ago (245+ words) Explore the challenges facing South Africa's sugar, energy, diamonds, and livestock industries as global trade dynamics shift, impacting livelihoods and economic stability. Image: Bongani Mbatha African News Agency (ANA) SA Canegrowers remains concerned about the ongoing reliance on the sugar…...
Rio Tinto's R8.5bn investment secures future of Zulti South project
1+ week, 5+ day ago (315+ words) Rio Tinto has approved an investment of about R8.5 billion in the Zulti South project at its Richards Bay Minerals (RBM) operation in South Africa, lifting a suspension that has been in place since January 2020. The project was originally halted due…...
Aveng terminates Moolmans disposal talks amid Tshipi contract disputes
2+ week, 5+ day ago (712+ words) A picture of the Waterview Connection in New Zealand. Aveng plans to keep its Australia-based construction and engineering business McConnell Dowell as a subsidiary. Aveng's mining contracting unit Moolmans' disputes on the Tshipi manganese mining project have resulted in talks…...
Global mining at inflection point as demand for critical minerals surges
1+ mon, 4+ day ago (577+ words) The BDO Annual Mining Report 2026 has found that sustainability has moved from a periphery, to the core of mining strategy. While ESG frameworks and reporting standards are expanding, their effectiveness is however inconsistent.. Global mining is at an inflection point:…...