News
Ghana seeks to buy 30% of gold from miners to boost reserves, central bank
6+ hour, 38+ min ago (397+ words) DAKAR, May 18 (Reuters)Ghana has asked large-scale gold miners to sell 30% of annual output to the central bankas part of a revamped reserve-building drive, up from 20%, a senior official told Reuters, though miners say key commercial terms remain unresolved. Central…...
Iran war pushed platinum market into its first surplus in six quarters, the WPIC says
16+ hour, 47+ min ago (352+ words) LONDON, May 18 (Reuters) " The Iran war led to the first platinum surplus in six quarters for the period January to March, the World Platinum Investment Council said, as investment demand fell and high energy prices have made rises in inflation…...
Zambia state investment firm keen to boost stakes in mines, CEO says
3+ day, 8+ hour ago (424+ words) JOHANNESBURG, May 15 (Reuters)Zambia's state investment company ZCCM Investments Holdings is keen to raise its minority stakes in mining assets, but any such increases would be on commercial terms and not through forced sales, CEO Kakenenwa Muyangwa said. African nationsare…...
Foreign buyers fuel illegal mineral trade in Nigeria, watchdogs warn
3+ day, 10+ hour ago (271+ words) LAGOS, May 15 (Reuters)Nigeria is losing vast mineral revenues to a web of illegal trading networks dominated by foreign buyers, shell companies and armed criminal groups, a joint government-civil society report said, highlighting the scale of illicit activity in the…...
Ghana lease uncertainties threaten mining investment, mines chamber says
3+ day, 10+ hour ago (303+ words) DAKAR, May 15 (Reuters)Ghana's mining investment climate risks being undermined by lease revocations, renewal delays and policy uncertainty, adding tocost pressuresfor miners, the head of the industry group has said. Kenneth Ashigbey, CEO of the Ghana Chamber of Mines, told…...
Zambia eases ban on sulphuric acid exports to Congo as stocks recover, minister says
3+ day, 16+ hour ago (346+ words) LUSAKA (Reuters)Zambia has cleared two copper producers to resume sulphuric acid exports to Democratic Republic of Congo, according to the country's trade minister, as the country eased curbs on the mining input. Smelters in Zambia Africa's No. 2 producer of…...
The DRC mining rush
4+ day, 12+ hour ago (518+ words) The Democratic Republic of the Congo is entering what one mining executive described as a particularly "exciting time," as rising mineral exports, visible infrastructure development and renewed U. S. engagement combine to sharpen investor focus on one of the world's richest resource…...
South African private sector activity at 4-year high
1+ week, 5+ day ago (894+ words) South Africa's private sector activity accelerated to its strongest level in nearly four years in April, according to the latest S&P Global South Africa Purchasing Managers' Index, but economists caution that the headline improvement may be masking underlying risks…...
South Africa private sector growth hits 44-month high, PMI shows
1+ week, 5+ day ago (264+ words) JOHANNESBURG, May 6 (Reuters)South Africa's private sector expanded at its fastest pace in nearly four years in April, as sales and output rose amid supply concerns linked to the Iran war, a business survey showed on Wednesday. The S&P…...
China's Huayou reports first lithium salt exports from Zimbabwe
2+ week, 6+ day ago (233+ words) The company did not disclose'the size of the consignment. Huayou completed the'$400 million plant'in October 2025.'It has the capacity to produce 50, 000 metric tons annually'of lithium sulphate, an intermediate product that can be refined'into materials'such as lithium hydroxide or lithium carbonate…...