Loucas Pouroulis bows out 15-year stint at Tharisa
THARISA founder Loucas Pouroulis is stepping down from the board after more than 15 years as chair, handing the role to lead independent director Carol Bell. Pouroulis, who has…
Ivory Coast plans gold refinery start in 2027
IVORY COAST plans to start operating a gold refinery in the first half of 2027 as it seeks to expand local processing and become Africa’s largest gold producer by 2035, Bloomberg…
Fresh capital, old problems for Zimbabwe mining
ARE investors still too wary of Zimbabwe’s mining sector? Two international miners – Caledonia Mining and Tharisa – think so, and both are committing significant capital to…
Expensive yes, but $300m bond takes Tharisa to next step
UNTIL Northam Platinum unveiled plans last month to grow production by 50%, its smaller counterpart, Tharisa, was something of a rarity in the platinum group metals (PGM)…
Caledonia closes in on funding for $600m Bilboes project
CALEDONIA Mining said it was close to securing further funding for its Bilboes gold project in Zimbabwe, with a $150m interim bank facility due to close as early as October. The…
Tharisa seals $300m Karo Platinum funding
THARISA has secured the $300m bond needed to complete its Karo Platinum project in Zimbabwe, removing uncertainty over how it would fund the remaining cost of the $545m mine. The…
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…
Implats takes shine to bite-sized Waterberg JV
IMPALA Platinum (Implats) has turned more positive on the long-delayed Waterberg JV project as plans for a smaller mine improve its chances of getting off the ground. Implats…
Tharisa to raise $300m bond for Karo Platinum
THARISA, the JSE-listed platinum and chrome miner, is preparing an initial five-year $300m bond with the proceeds aimed at plugging the balance of its $545m Karo Platinum project…
“Juicy” mine ripe for expansion, says Sibanye-Stillwater’s Stewart
SIBANYE-Stillwater CEO Richard Stewart described the firm’s recently approved R5.5bn Mt Lyell copper project in Australia as “juicy” with significant resource expansion…
Lithium miners cash in as battery storage lifts demand
LITHIUM producers from China to Australia have reported sharply higher profits as rising battery-storage demand lifted prices for the metal, Bloomberg reported. Chinese producers…
Karo Platinum secures 25-year mining deal in Zimbabwe
THARISA’S Karo Platinum project in Zimbabwe has secured a 25-year Special Mining Lease Agreement with the Government of Zimbabwe. This, the company says, provides the tenure and…
Valterra hits brick wall on Zimbabwe’s unpaid $100m
VALTERRA Platinum said it was making progress extracting current export proceeds from Zimbabwe, but an agreement on getting a historic amount of $100m paid was unresolved.…
Zambia pushes pan-African minerals exchange
ZAMBIAN President Hakainde Hichilema is championing plans for a pan-African minerals and metals exchange, aimed at helping resource-rich nations capture more value from their…
Zimbabwe’s only lithium plant lacks spare capacity
ZIMBABWE’S single operating lithium sulphate plant, run by a unit of China’s Zhejiang Huayou Cobalt, has no room to process material from rival producers just months before a ban…
Tharisa sees price support despite weaker chrome
CHROME concentrate prices have softened in the wake of softer stainless steel demand, partly owing to the Middle East conflict, said Tharisa CEO Phoevos Pouroulis. He was…
AI minerals drive plans for Congo’s first stock exchange
THE Democratic Republic of Congo is developing plans for its first stock exchange, with the Kinshasa bourse potentially operational as early as next year, said Bloomberg News.…
Zimbabwe to use minerals deals with China for infrastructure
ZIMBABWE is in talks with China Railway over resource-backed financing to fund road and rail construction, as the southern African nation seeks to address an estimated $34bn…
Zimbabwe’s lithium miners plead for leeway on export ban
ZIMBABWE’S lithium miners have asked the government to delay a planned ban on concentrate exports by six months to June 2027, saying producers need more time to complete local…
Mozambique mining law risks deterring foreign investors
MOZAMBIQUE’S new requirement for the state to hold a 15% free-carry stake in all mining ventures risks deterring foreign investment, said Reuters citing the Southern African…