Tanzania’s central bank said it will buy gold at market prices from mining firms and traders who were ordered last week to sell it at least 20% of the gold they hold.
Zambian mining companies met with the government to resolve differences over a proposed legal change that would potentially give the state a bigger share of its mineral resources.
Draft legislation under consideration in.
The Malawi government has granted Australia-listed Globe Metals & Mining an additional year to begin substantial mine development at its Kanyika niobium project. CEO Paul Smith hailed the extension as a “clear-cut.
Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its center.
From Angola on.
Zambia’s proposed minerals regulation law could deter investment and deliver a “fatal blow” to plans to raise yearly copper output to three-million tons, two mining bodies said on Wednesday.
Zambia, Africa’s second biggest.
Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson confirmed.
This signals a shift.
The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo.
Debswana Diamond Company’s sales of rough diamonds fell 25.1% in 2023, data released by Botswana’s central bank late on Thursday showed, as an economic slowdown hit demand for luxury items in the.
Namibia’s government has ordered police to stop Xinfeng Investments from transporting lithium ore inside the country and from exporting it, accusing the Chinese miner of violating the country’s ban on critical raw.
The production of the London- and Johannesburg-listed Anglo American group increased by 9% in the three months to March 31 compared with the same period in 2022, driven by the ramp-up of.
