News
Ghana weighs transfer of Gold Fields' Tarkwa mine
4+ day, 22+ hour ago (248+ words) GHANA is considering handing control of Gold Fields" Tarkwa mine to local companies when the operation"s leases expire in April, said Bloomberg News on Friday. The potential move comes as the West African nation"s government seeks greater ownership…...
Mozambique mining law risks deterring foreign investors
4+ day, 23+ hour ago (227+ words) MOZAMBIQUE'S new requirement for the state to hold a 15% free-carry stake in all mining ventures risks deterring foreign investment, said Reuters citing the Southern African country's Chamber of Mines. Speaking at a mining conference in Victoria Falls, Zimbabwe, chamber vice-president…...
Zimbabwe's lithium miners plead for leeway on export ban
4+ day, 23+ hour ago (234+ words) ZIMBABWE'S lithium miners have asked the government to delay a planned ban on concentrate exports by six months to June 2027, saying producers need more time to complete local processing facilities, Reuters reported on Friday. Africa's largest lithium producer is pressing…...
Pan African gold project draws investor interest
4+ day, 23+ hour ago (418+ words) PAN African Resources said it had received offers from potential co-investors in a proposed underground gold expansion in South Africa. The miner announced in February it was running a study of Poplar, a satellite deposit about 6km north of its Evander…...
Zimbabwe licenses second gold refinery in Bulawayo
6+ day, 19+ hour ago (281+ words) ZIMBABWE has licensed a second gold refinery to process the country's rising precious metals output, with the facility set to be commissioned in Bulawayo next year. The move reflects growing pressure on state-owned Fidelity Gold Refinery, which currently handles all…...
West African miner Perseus extends buy-back
1+ week, 2+ day ago (364+ words) SHARES in Perseus Mining surged over 8% on Monday after the West African gold miner approved a A$50m increase in its share buy-back programme. This was after completing A$100m in purchases of its shares during the last 12 months. Shares in Perseus…...
G7 divided on US proposal for critical minerals price floor
1+ week, 1+ day ago (320+ words) TALKS among G7 members over price supports for critical minerals have stalled, with European allies resisting a US proposal which uses an artificial intelligence pricing model developed by the Pentagon. According to a report by Reuters, the debate is over a…...
Zimbabwe's Mutapa plans to double gold output by 2029
1+ week, 4+ day ago (224+ words) ZIMBABWE'S state-owned Mutapa Gold Resources plans to double annual production to 220, 000 ounces by 2029, backed by funding secured for expansion projects at two of its mines, said Reuters on Friday. Mutapa, Zimbabwe's largest gold producer and a subsidiary of the country's…...
Iran war tightens industrial metals supply outlook
1+ week, 5+ day ago (287+ words) A MAJOR squeeze is emerging across industrial metals markets as the ongoing US-Israeli war against Iran compounds structural supply shortfalls, said the Financial Times on Thursday. This could keep prices elevated for years, the newspaper added, citing analysts. Copper is…...
The coal miner that looks cheap until you read the small print
1+ week, 5+ day ago (564+ words) COAL mining group Salungano, which was long in limbo, is finally making money again " it's just that it owes R2. 2bn in mine closure costs it has no way to fund, and not many analysts are paying attention. And yet the numbers…...