News
South32 Excludes Mozambique's Mozal Smelter From USD 5. 6 Bn Alcoa Deal As Future Remains Uncertain
4+ hour, 17+ min ago (383+ words) Trendsnafrica (3 Minutes Read) Australian mining and metals company South32 has confirmed that Mozal Aluminium has been excluded from its planned USD 5. 6 billion (4. 8 billion) sale of global aluminium assets to US-based Alcoa, leaving the future of Mozambique's largest industrial operation unresolved In…...
US Actively Mines Copper From DRC To Meet Surging Demand For Critical Raw Materials
5+ day, 11+ hour ago (189+ words) In the ultra-modern installations, thousands of workers churn out the red gold, coveted by international markets for its exceptionally high copper content. In vast warehouses at the Kamoa copper mine in the south-eastern Democratic Republic of Congo, mountains of reddish…...
Zimbabwe Explores Mineral-Backed Financing With Chinese Partners To Fund Critical Infrastructure
1+ week, 9+ hour ago (344+ words) Trendsnafrica (3 Minutes Read) According to Finance Minister Mthuli Ncube, Harare has initiated discussions with several Chinese stakeholders, including China Railway Group Limited, on financing structures that would tie future mineral revenues to the development of strategic infrastructure assets The proposed…...
Botswana Central Bank Chief Urges Faster Reforms As Diamond Sector Pressures Weigh On Economy
1+ week, 9+ hour ago (235+ words) Trendsnafrica (3 Minutes Read) Bank of Botswana Governor Lesego Moseki has called for accelerated structural reforms to diversify the economy and strengthen fiscal resilience as the country grapples with prolonged weakness in its diamond sector and an increasingly uncertain global environment…...
Natural Diamonds Shine Again: Strong U. S. Demand Offers Hope for Botswana's Struggling Economy
2+ week, 2+ day ago (274+ words) Fresh research from De Beers Group suggests that natural diamonds continue to enjoy robust consumer demand in the United States, providing a rare bright spot for Botswana as the southern African nation grapples with falling revenues from a prolonged downturn…...
Mali's Gold Sector Drives Record State Revenues, Setting the Stage for Further Gains in 2026
2+ week, 3+ day ago (281+ words) In 2024, the country achieved a historic milestone as extractive industry revenues reached USD 1. 73 billion. The surge was supported by higher gold prices, mining sector reforms, and efforts by the government to secure a larger share of mining profits. Gold remains…...
Rukweza Elected to Lead Zimbabwe's Lithium Industry at a Pivotal Growth Stage
3+ week, 1+ day ago (312+ words) Mutapa Energy Resources Chief Executive Officer Innocent Rukweza has been elected Chairman of the Lithium Association of Zimbabwe, positioning one of the country's most experienced mining executives at the helm of an industry that is increasingly central to Zimbabwe's economic…...
Zimbabwe: Import Curbs Will Succeed Only if Local Products Deliver Value
3+ week, 1+ day ago (249+ words) Government's plan to restrict imports of goods that can be produced locally could create a larger market for Zimbabwean manufacturers, but consumers will judge the policy on three factors: affordability, quality and availability. The proposed restrictions, covering imports worth an…...
Tanzania-Russia Partnership Reignites USD 1 bn Mkuju River Uranium Project
3+ week, 2+ day ago (213+ words) President Samia Suluhu Hassan's recent visit to Russia has injected fresh momentum into the long-awaited USD 1 billion Mkuju River uranium project, signaling a renewed commitment by both Tanzania and Russia to advance one of Africa's most significant mining investments. "The…...
Mozambique Tightens Control Over Critical Minerals with New Mining Law
3+ week, 6+ day ago (182+ words) Trendsnafrica Mozambique Tightens Control Over Critical Minerals with New Mining Law Mozambique has enacted a new mining law requiring a free 15% state stake in all mining projects and restricting exports of raw or semi-processed minerals unless linked to local processing…...