Category: Minerals
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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…
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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…
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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…
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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…
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Zambia aims for copper boom: 40% production increase by 2027
Zambia, Africa’s second-largest copper producer, is expected to increase its copper production by 40% to one million tonnes by 2027, up from 700,000 tons in 2023. This ambitious target is outlined in Zambia’s Medium-Term Budget Plan for 2025-2027 and will be achieved through a multi-pronged strategy. This includes addressing issues at major mines, initiating production…
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Zambia asks mining companies to increase energy saving efforts
Officials have asked mining companies in Africa’s second-biggest copper producer to double their power-saving efforts to 40% of normal demand. Zesco Ltd., the state power utility, requested operators to increase curtailments or source their own emergency power from this month. Copper is crucial to Zambia and the industry generates about 70% of export earnings, so…
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Zimbabwe Farmers Struggle Against Illegal Mining and Climate Change
Small holder farmers in rural Gwanda, a region in Zimbabwe that borders South Africa, have been affected by a double shock – a combination of heat, droughts and floods caused by climate change, and water contamination and damaged land caused by illegal, small-scale mining. Droughts in Gwanda have significantly affected rural farmers and increased over…
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The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations
The governor of South Kivu in the Democratic Republic of Congo has suspended mining operations in the province also directed companies and operators to vacate the mining sites. Governor Jean-Jacques Purusi Sadiki stated that the suspension, effective until further notice, was due to “disorder caused by the mining operators,” though he did not provide additional…
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Russia is a key partner in Ethiopia’s efforts to develop its mineral potential, says Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, highlighted the long-standing and fruitful relationship between Russia and Ethiopia in the field of geological exploration, dating back to the Soviet era. “Russia has been a friend to Ethiopia for a long period of time … The…
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BRICS offers hope for Africa’s resource potential: Ethiopian economist
Dr. Costantinos Berhe Tesfu, former UN Senior Policy Advisor and Chairman of the AU Advisory Board on Corruption, sees the BRICS grouping as potentially helpful for Africa’s mineral resource development, which can enhance regional stability and reduce conflict on the continent. “The regulation of this mineral exploitation and trade definitely will enhance also the possibility…
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