Category: Minerals
-
The price of gold has recently hit an all-time high, surpassing $2,500 per troy ounce
The price of gold has recently hit an all-time high, surpassing $2,500 per troy ounce, marking a significant milestone in the precious metals market. This surge is largely attributed to several key factors: These combined factors have created an environment where gold is seen as a highly desirable asset, pushing its price to record levels【13†source】【14†source】.
-
Botswana aims to negotiate bigger stake in HB Antwerp diamond dealer
Botswana intends to renegotiate its proposed purchase of a stake in Belgian gem dealer HB Antwerp to double the size of its shareholding at no extra cost following the downturn in the diamond market, the country’s mines minister said on Tuesday. Botswana is the world’s biggest diamond producer by value, meaning its economy has been…
-
Guinean Junta Pressures Russian Oligarch’s Gold Group Over $200M Debt Amidst Sanctions Evasion
The Guinean junta is intensifying pressure on Nordgold, the gold mining company owned by Russian oligarch Alexey Mordashov, in a bid to recover a substantial $200 million debt. Despite these efforts, Mordashov, who is under Western sanctions, continues to leverage his deep-rooted connections within Guinea’s mining sector, enabling Nordgold to maintain its lucrative gold exports…
-
Joseph Boakai struggles to resolve dispute between Solway Mining and ArcelorMittal
Switzerland’s Solway Investment Group Demands $50M Compensation from Liberia Over Mining Licence Transfer Switzerland’s Solway Investment Group, embroiled in a legal dispute after its mining license was transferred to ArcelorMittal without its knowledge, is now seeking $50 million in compensation from the Liberian government to settle the matter. The demand comes as part of ongoing…
-
“Where to invest in Africa”: Top 5 African countries most attractive for investment
The report, “Where to Invest in Africa,” compiled and published by South Africa’s second-largest bank, First National Bank (FNB). The ranking is based on the consideration of 20 indicators divided into four groups. These are current economic performance and potential, market accessibility and level of innovation, economic stability and investment climate, social conditions and human…
-
Countries in the Middle East and Africa are withdrawing their gold reserves from the US – Houston Post
▪️ Growing concerns about the stability of the American economy are prompting governments in Africa and the Middle East to withdraw their gold reserves from the United States. The traditional status of the United States as a safe haven for finance is rapidly collapsing , statesthe American Houston Post ▪️ Among the countries that have…
-
South Africa has highly enriched uranium, says energy minister
The country has declared to the International Atomic Energy Agency (IAEA) its reserves of nuclear material that could be used to make weapons, the Netwerk24 news portal reported, citing Minister Gwede Mantashe. The disclosure is part of a comprehensive safeguards agreement. The level of uranium enrichment is classified information, he added. The stockpile is largely…
-
Artificial Intelligence Sparks Copper-Boom In Zambia
Zambia’s copper mining industry is on the brink of a major transformation thanks to groundbreaking AI technology that has uncovered massive new copper deposits. This discovery, led by KoBold Metals, could make Zambia a key player in the global surge for copper, vital for electric vehicles and renewable energy. With potential production to fuel millions…
-
Eight African countries make top 10 diamond-producing countries globally
Eight African nations secured positions within the top ten diamond-producing countries worldwide in 2023, highlighting Africa’s significant contribution to the global diamond industry. Africa is renowned for its wealth in valuable minerals essential for economic development, such as gold, copper, and platinum. The continent holds about 30% of the world’s total mineral reserves, impacting various…
-
Gold rush: African nations seek safe haven amid currency woes
African nations are turning to gold in a bid to protect their economies from the turbulent global landscape. Geopolitical tensions, currency fluctuations, and rising inflation have prompted a rush to bolster gold reserves as a hedge against economic instability. This trend is expected to continue, with the World Gold Council anticipating that around 20 central…
Recent Posts
- Beyond the Textbook: How Student-Led Learning is Pioneering Education’s New Frontier
- 🇬🇧 UK Political Shift Puts Labour’s “African Reset” on Ice
- 🇳🇬 Obama Honors Fela Kuti in New Podcast, Celebrating Music and Activism
- 🇬🇭 Ghana makes local languages compulsory in schools
- 🇿🇦 Johannesburg High Court Denies Bail to Controversial Businessman Vusimuzi “Cat” Matlala, Upholding Flight Risk Ruling
Tags
Africa African Union Algeria Banking Sector Burkina Faso China Cryptocurrency DRC ECOWAS Egypt Ethiopia France Ghana Gold Guinea Haiti Immigration Kenya Liberia Libya Mali Military Industries Mining Morocco Niger Nigeria Oil & Gas Industry Pan African Communication Pan African Nations Presidential Elections Republic of Liberia Russia Senegal Sierra Leone Somalia South Africa Sudan Tanzania Terrorism Uganda United Nations United States United States of America West Africa Zimbabwe
Comments
Wow wonderful blog layout How long have you been blogging for you make blogging look easy The overall look of…
𝕋𝕙𝕒𝕟𝕜𝕤 𝕗𝕠𝕣 𝕥𝕙𝕖 𝕦𝕡𝕕𝕒𝕥𝕖 .