July 5, 2024

Vedanta says it has arranged $250 million to settle Zambian copper mine debts

Vedanta will still need to raise an additional $1 billion revive the mining operations at KCM.

July 4, 2024

Trinity Metals gets $3.8 million US funding for ESG projects at Rwanda operations

Trinity was formed from the merger of Africa’s largest tungsten mine and Rwanda’s two largest tin mines.

July 4, 2024

GoviEx Uranium has mining licence in Niger revoked, shares plummet

With an expected cost of $343 million, the Madaouela project was poised for development and had started to advance despite the political changes.

July 4, 2024

Gold, copper equities to rise, metals flat: analysts

Investors are moving into gold equities from bullion, and the gold price may increase while central banks increase purchases as the US election approaches, BMO analysts said.

July 3, 2024

Ivory Coast says Endeavour leak sickened people, killed fish

The miner had said a valve ruptured on June 23, releasing 3,000 liters of mud containing cyanide into a canal within the perimeter of its Ity mine.

July 3, 2024

Gem Diamonds unearths 123-carat stone in Lesotho

This is the eighth stone over 100 carats found at the Letšeng mine in 2024.

July 3, 2024

UAE’S IHC unit withdraws offer for Vedanta’s Zambian copper mines over price

International Resources Holding had wanted a majority stake in Konkola Copper Mines to consolidate its position in Zambia after buying a 51% stake in Mopani.

July 3, 2024

Sundance settles dispute with Congo Republic over iron ore project

The company has reached an agreement to settle a dispute over the Nabeba iron ore project.

July 3, 2024

Rio Tinto ups stake in Sovereign Metals with $12.4m investment

The fresh investment takes Rio's interest in Sovereign, the owner of Malawi's Kasiya rutile-graphite project, to 19.76%.

July 2, 2024

Congo sells its own copper from joint ventures for first time

Gecamines is offering copper from CMOC’s giant Tenke Fungurume mine, in which it holds a 20% interest, Bloomberg sources said.