Zambia accuses Emirati partner of Mopani breaches
ZAMBIA’S state-owned ZCCM Investments Holdings (ZCCM-IH) has accused Abu Dhabi’s International Resources Holding (IRH) of “pervasive and sustained” breaches of agreements under…
Zambia’s ZCCM-IH accuses Abu Dhabi IRH of Mopani breaches
ZAMBIA’S state investment firm has accused Abu Dhabi-backed International Resources Holding of breaching agreements linked to its control of Mopani Copper Mines, Bloomberg…
Mining majors chase scale despite failed megadeals
MINING companies are doubling down on mergers, joint ventures and partnerships as soaring project costs and geopolitical pressure make scale increasingly critical, Reuters…
Pan African poised for rerate as growth options abound
A R500m share buyback could be money well spent for Pan African Resources, the JSE-listed gold miner. Most analysts think the company is on the cusp of a rerate following its…
Rio Tinto builds out metals trading arm
RIO Tinto plans to expand its metals trading operations, including buying and selling material from third parties and trading derivatives, Bloomberg reported. The move is part of…
Glencore joins US critical minerals reserve in $500m EXIM deal
THE US government has selected Glencore to help it build a strategic reserve of critical minerals in a development that deepens the Swiss miner’s relationship with Washington.…
Copper retreats from near-record high as rate fears lift dollar
INDUSTRIAL metals fell on Wednesday as traders weighed the outlook for US interest rates against shifting oil prices, Bloomberg reported. Copper retreated from near-record levels…
Congo plans one-stop mining investment agency
THE Democratic Republic of Congo is setting up a centralised agency to fast-track major mining investments, said Reuters citing sources. The agency is part of reforms tied to its…
Harmony Gold prices $500m bond as growth capex ramps up
HARMONY Gold today announced terms of a $500m convertible bond amid a major increase in capital expenditure during its 2027 financial year. The gold miner has targeted…
Pan African plans R500m buy-back after declaring record dividend
PAN African Resources announced plans to buy back up to R500m of its own shares after a surge in cash flow helped it declare a record final dividend for its 2026 financial year.…
Jubilee Metals eyes sale of Tjate Platinum project
JUBILEE Metals is considering selling its long-held Tjate platinum group metal (PGM) project after receiving expressions of interest in the South African asset, and as it puts…
Three years of giving junior mining a voice
On 12 September 2023, a significant new chapter was written in South Africa’s mining industry at the Johannesburg Stock Exchange (JSE). The launch of the Junior Mining Council…
Congo tightens grip on geological data
THE Democratic Republic of Congo plans to tighten state control over geological data used by mining companies, Reuters reported. The move could give the country greater sway over…
What resource nationalism means for Africa’s miners
Governments across Africa are seeking to assert greater control over their mineral wealth by rewriting mining codes, demanding larger equity stakes or greater local…
ARM leaves door open to bigger stake in Surge Copper
AFRICAN Rainbow Minerals (ARM) says it may in time raise its 19.9% holding in Canada’s Surge Copper after the Berg project beat the group’s early expectations. ARM COO Jacques…
Exxaro sells Moranbah South to Aussie miner for R1.68bn
EXXARO Resources has sold its stake in Australian metallurgical coal mine Moranbah South to Stanmore Resources, a Brisbane-based coal producer, for $105m (R1.68bn). The South…
BHP’s Udd to take helm at Albemarle
ALBEMARLE has named BHP executive Ragnar Udd as its next CEO, Reuters reported on Thursday. Udd, currently BHP’s chief commercial officer, will take over on February 1, 2027,…
Copper tipped to hit record $15,000 in early 2027
Copper could climb to a record $15,000 a ton early next year as US tariff concerns tighten supplies outside America while mine disruptions and resilient demand support prices,…
BHP’s commercial chief Udd to depart in January
BHP Group’s chief commercial officer, Rag Udd, is to leave the world’s biggest miner at the end of January, said Bloomberg News citing LinkedIn posts. Udd’s departure marks the…
Zambia targets $1.8bn from small-scale gold mining
ZAMBIA could unlock more than $1.8bn from its small-scale gold industry by bringing informal production and trading into the formal market, Bloomberg reported. Kakenenwa…