Category: Minerals
-
The Price of Gold Reaches New Historic High: An Analytical Insight
The historical prices of gold per troy ounce for the last five years: These figures reflect the general trends in gold prices over the last five years, highlighting a steady increase, particularly during times of economic uncertainty and market volatility. In an unprecedented turn of events, the price of gold has surged to a historic…
-
Burkina Faso to withdraw mining permits granted to companies from countries that refuse to sell military equipment to the country
The announcement was made by the country’s leader, Captain Ibrahim Traore, during an address to the nation. “Some [powers] have refused to sell us [military] equipment, have blocked the equipment we have bought from certain countries because they have the license for certain components,” President Traore said, adding that “these powers mine minerals in Burkina…
-
IMF slashes Botswana’s 2024 growth forecast amid diamond market woes
The International Monetary Fund (IMF) has slashed Botswana’s 2024 growth forecast to 1% from an earlier April estimate of 3.6% due mainly to lower diamond production, it said in a statement. The budget deficit is also expected to widen to 6% from 3.45% due to a fall in mineral revenues, the IMF said, urging the…
-
Copper bull market buoyed by aging legacy mines, says analyst
In the copper industry, the cost of capital has been too high to justify the returns for mine investors and is the driving force behind the bull market for the past decade — this is a sentiment shared by analysts at Stifel Financial. “Broadly for larger projects, that’s what I’m seeing in the copper space…
-
Zambia mining company to fuel progress with 300 MW coal-fired power plant
Zambia’s Maamba Collieries will build it over two years starting in August, its local shareholder ZCCM-IH announced. The country has been importing and rationing electricity after a drought hit hydropower generation, the main power source for Africa’s second-largest copper producer. “The project’s total cost is estimated at $400 million, with a consortium of debt investors…
-
ANGOLA ENVIRONMENTAL SERVICES JOINS ANGOLA OIL & GAS (AOG) 2024 AS SILVER SPONSOR
Angola plans to increase oil production to 1.1 million barrels per day (bpd) until 2027, thereafter maintaining output at this level. To support production growth, the country is promoting investment in exploration, with several drilling campaigns planned across both on- and offshore acreage. As upstream drilling progresses in Angola, waste management company Angola Environmental Services…
-
Who will benefit from booming demand for uranium?
A scramble for uranium has developed after the Ukraine conflict and short-sighted Western sanctions on Russia exposed Europe’s dependency on Russian oil and gas, The Economist has argued. About 10% of the world’s electricity is generated from uranium in nuclear reactors. But the problem is that Kazakhstan, that boasts a close mutually-beneficial relationship with Russia,…
-
Mozambique: Government Withdraws Mining Licenses in Cabo Delgado
The authorities in the northern Mozambican province of Cabo Delgado have ordered the withdrawal of mining licenses because some businesses, which were granted licenses years ago, are not investing. According to the Director of the Provincial Infrastructure Service in Cabo Delgado, the province had 595 mining titles, but because they were unused at least 200…
-
Gold Digger: Agnico Eagle Mines (SA Quant)
Summary Best Gold StockGold has rallied, as market volatility, rising interest rates, and uncertainty around crypto scandals have prompted some investors to seek investments that offer hedges. The U.S. dollar lost some purchasing power amid geopolitical and macro headwinds, yet, “the dollar remains king.” But, for investors looking for defensive investments amid global uncertainty, diversification…
-
De Beers ditches lab-grown diamonds as it looks beyond Anglo
De Beers will ditch a controversial experiment to sell lab grown diamond jewelry, ending a six-year program that broke one of its oldest taboos. While the company long held the technology to make synthetic gems, it always refused to sell them as jewelry, fearing they would undercut the allure of natural stones. Yet as man-made…
Recent Posts
- Earth in Flux: Magnetic Shifts, Solar Storms, and What They Mean for Africa
- ECOWAS Greenlights $2.85 Million per Nation and Massive Counter-Terrorism Brigade in Major Security Push
- 🇬🇲🇧🇬 Gambia-flagged tanker damaged by Ukrainian drones in Bulgaria to be towed on 15 December
- 🇨🇫 Miss Central African Republic 2026 final held in Bangui
- 🇱🇷 A Cry in Suakoko: Murder of Quita Jackson Ignites Protests and Exposes Community Trauma in Liberia
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-Africanism Pan African Nations Presidential Elections Protest Republic of Liberia Russia Senegal Sierra Leone Somalia South Africa Sudan Tanzania 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 .