US says billionaire Gertler’s royalties must go to Congo for sanctions dealA senior White House adviser said lifting that punishment is necessary to open up the assets to new investments that support US interests.Bloomberg News | July 22, 2024 | 12:14 pm
Zambia sees copper output growing to 1 million tonnes by 2027Africa’s second-largest copper producer is seeking to take advantage of…Bloomberg News | July 22, 2024 | 7:07 am
Amplats says on track to demerge in 2025, plans secondary London listingAmplats also said it had cut some 3,700 jobs to…Reuters | July 22, 2024 | 6:55 am
Anglo’s sale of De Beers hindered by diamond market state Anglo American has warned of more production cuts at De Beers due to reduced spending by Chinese consumers prolonging the market downturn. Cecilia Jamasmie | July 18, 2024 | 4:33 am
Zimbabwe central banker stockpiles gold to bolster ZiG currency The ZiG - short for Zimbabwe gold — is the nation’s sixth attempt at having a functioning local currency in the last 15 years. Bloomberg News | July 16, 2024 | 11:07 am
Development banks seek to revive world’s biggest power project The planned Grand Inga hydropower complex in the DRC has been stalled for decades. Bloomberg News | July 16, 2024 | 7:22 am
Rio Tinto ready to build Simandou after almost 30 years of setbacks Simandou has faced delays due to legal disputes, political changes, and the challenges of building out 600 km rail and port infrastructure. Cecilia Jamasmie | July 16, 2024 | 3:54 am
Seabed mining regulator meets amid mounting pressure for code Meeting is considered pivotal for the UN body, expected to finalize its decade-long effort to enact regulations by 2025. Cecilia Jamasmie | July 15, 2024 | 4:05 am
Column: After another boom and bust, where next for lithium? There was a similar boom-bust cycle in 2016-2017 but the difference this time is that no-one seems to be expecting a speedy recovery. Reuters | July 14, 2024 | 8:35 am
Botswana eyes new export route to exploit huge coal resource The African Development Bank has agreed to finance a feasibility study for the project, at a cost of about $4 million. Bloomberg News | July 12, 2024 | 4:48 pm
Congo offers own cobalt from joint ventures for first time Gecamines has requested bids for the firm’s portion of cobalt output from CMOC Group’s giant Tenke Fungurume mine. Bloomberg News | July 12, 2024 | 8:22 am
Sibanye-Stillwater hit by cyberattack, says mining business unaffected Smelter operations in Columbus, Ohio were impacted after its automated systems all went down. Staff Writer | July 11, 2024 | 9:40 am