News
Australian mining firm strikes high-grade rare minerals in Namibia's Kameelburg project
1+ day, 19+ hour ago (321+ words) Australian mining company Aldoro Resources Ltd has announced the discovery of rare minerals at the site of its Kameelburg project in Namibia. The minerals, identified as niobium and strontium, were found in high-grade quality in central Namibia between Otjiwarongo and…...
African gold mines drive Canadian miner B2 Gold Corp. s $200 million profit surge
2+ day, 3+ hour ago (532+ words) Robust gold production from Mali and Namibia lifted Canadian miner B2 Gold Corp. to a $200 million profit surge, with additional support from operations in Canada and the Philippines reinforcing overall output and earnings momentum. In total, the company produced 237, 763 ounces of…...
All eyes on Africa as soaring gold prices boost mining power and state control, with prices projected to hit $6, 300 per ounce
2+ day, 19+ hour ago (711+ words) Africa is becoming the centre of the global gold rush as soaring bullion prices strengthen its bargaining power, attract international mining investment, and push governments for greater control over mineral wealth, with gold prices expected to reach $6, 300 per ounce by…...
All eyes on Africa as soaring gold prices boost mining power and state control, with prices projected to hit $6, 300 per ounce
2+ day, 19+ hour ago (711+ words) Africa is becoming the centre of the global gold rush as soaring bullion prices strengthen its bargaining power, attract international mining investment, and push governments for greater control over mineral wealth, with gold prices expected to reach $6, 300 per ounce by…...
China's Huayou Cobalt set for $210m takeover of Africa-focused lithium miner
3+ day, 3+ hour ago (507+ words) China's push into Africa's critical minerals sector has strengthened further with a $210-million agreement that will see Zhejiang Huayou Cobalt acquire Ghana-focused lithium developer Atlantic Lithium. The move further highlights Beijing's accelerating strategy to secure upstream control of battery metals…...
French-mining contractor pulls out of Mali's largest gold mine as over 600 jobs come under threat
3+ day, 13+ hour ago (369+ words) A major contractor at Loulo-Gounkoto gold complex, Mali's largest gold mining operation, is shutting down its activities in the country and laying off more than 600 workers, in the latest sign of mounting pressure surrounding one of Africa's biggest gold assets....
DR Congo moves to secure stake in $270 million Zambia power link amid mining energy crunch
5+ day, 4+ hour ago (32+ words) DR Congo plans a stake in a $270 million Zambia power project to tackle mining sector energy shortages, as rising demand exposes a 5, 000 MW electricity deficit. | Business Insider Africa...
Mozambique signals move to join Africa's mining revolution with 15% state stake and export ban
5+ day, 8+ hour ago (536+ words) Mozambique is moving to tighten control over its vast mineral wealth, proposing sweeping reforms that will grant the state a minimum 15% stake in all mining projects while banning the export of unprocessed minerals. A draft revision of the country's mining…...
How a $54. 5m military contract dispute dragged the DRC into US court amid insecurity, mineral tensions
6+ day, 3+ hour ago (377+ words) A military aviation contract signed in 2020 between the Democratic Republic of the Congo (DRC) and Material Aviation Technologie Navigation (MATN) has escalated into a $54. 5 million legal dispute now unfolding in US federal court, adding to the country's growing exposure to…...
Australian miner targets South Africa gold revival 7 years after losing top spot to Ghana
6+ day, 3+ hour ago (672+ words) South Africa's gold industry is drawing renewed investor interest as a wave of smaller, lower-cost projects and modular technologies begins to reshape a sector that has lost more than 70% of its output over the past two decades. The shift marks…...