December 18, 2023

Dundee to acquire Osino’s Twin Hills gold project in Namibia for $214 million

Twin Hills is an open-pit project with a 13-year mine life and average annual production of 175,000 oz. gold over the first five years.

December 18, 2023

Burkina Faso replaces mining minister as gold output drops

Gold output in one of Africa’s biggest producers dropped 13% to 58.2 tons in 2022.

December 16, 2023

South African court denies class action against Anglo American

South Africa's High Court ruled that a class action lawsuit against Anglo American brought by victims of alleged historic lead poisoning in Zambia should not go ahead.

December 15, 2023

Plummeting platinum group prices could worsen shortage — report

PGM prices have fallen by 42% this year and could widen a supply deficit if unprofitable mines are sidelined.

December 15, 2023

Namibia greenlights Bannerman Energy’s Etango uranium project 

Mining licence comes at a time when prices for the radioactive material have rallied to hit almost 16-year highs.

December 14, 2023

Tharisa full-year profit down 31% on weak PGM prices

Weak PGM prices and uncertain global economic prospects have forced Tharisa to delay commissioning its $361 million Karo mine.

December 14, 2023

Gates, Bezos-backed KoBold Metals in four-continent quest for lithium

The start-up is deploying AI-based technology to search for lithium in South Korea, Canada, the US, Australia and Africa.

December 13, 2023

New platinum ETF fund drives investor capital to South Africa

The fund launched in 2013 allows direct investments in platinum traded on the spot market and registered the highest inflows among locally listed funds.

December 13, 2023

Thungela says “not yet” cutting jobs despite production curbs

The company plans to re-deploy staff to new projects that will start producing next year.

December 13, 2023

Petra Diamonds inks deal to sell idled Koffiefontein mine

Petra has signed a non-binding deal with an unnamed party for the potential sale of the South African diamond mine.