June 8, 2023

Top South Africa fund bets on platinum as power cuts hit miners

Coronation Fund Managers has reduced the Impala Platinum Holdings Ltd. and Northam Platinum Holdings Ltd. shares in its resources fund this year.

June 8, 2023

BHP’s Xplor looking for more copper, nickel exploration projects

BHP Xplor’s VP Sonia Scarselli says demand-supply equation for other battery metals is not as stretched as that for those two metals.

June 7, 2023

ERG asks Congo to lift copper unit ban, denies pollution charge

Eurasian Resources Group has asked authorities to reconsider a ban imposed on its Boss Mining unit's copper and cobalt operations.

June 7, 2023

Cameroon to start building railway to disputed iron ore project in August

It signed a deal with two China-linked companies in June 2021 to construct the railway, despite facing legal action from Australia's Sundance Resources.

June 7, 2023

Petra Diamonds flags revenue hit as it defers sale to August

It said the move followed “a temporary slowdown” in the rough diamonds market caused by elevated inventory in the mid-stream sector.

June 6, 2023

South32 hires RBC for Botswana copper bid

The company has picked the bank to help it put together a bid for Botswana's Khoemacau mine.

June 5, 2023

When will Africa get its first gigantic battery factory?

China, by far the world leader in battery production, has at least 180 large battery factories.

June 5, 2023

Top climate finance group floats guidance on Asia coal phaseout

The region’s largest economies are highly dependent on coal, with the fuel accounting for roughly 60% of power generation.

June 2, 2023

Congo halts ERG’s copper project after waste leakage

The suspension is the latest sign of strained relations between copper miners and the Congolese government.

June 2, 2023

Congo-UAE gold export deal raises ‘great concerns’

A 25-year deal published this week by the Congolese government hands a little-known UAE firm exclusive rights to export artisanal gold at preferential rates.