Category: Minerals
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Botswana licences its first manganese mining project
Botswana has awarded Giyani Metals a 15-year mining licence, the company announced on Wednesday, paving the way for it to become the country’s first battery-grade manganese producer. Manganese is a key component in batteries and its demand is expected to be driven by growth in electric vehicles, among other clean energy applications. Giyani’s Kgwakwe Hill…
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Mining company Lucara unearths sixth diamond over 1,000 carats at Karowe Mine in Botswana
“The recovery of this exceptional 1,094-carat diamond is a testament to Karowe’s remarkable potential and further validates our investment in the underground expansion project. These continued discoveries of large, high-value diamonds demonstrate the consistent quality of our resource and its ability to deliver substantial returns,” said William Lamb, President and CEO of Lucara. The discovery…
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Ghana’s economy grows by 6.9% in Q2 2024, fastest in five years
Ghana’s economy rebounded from the worst economic crisis in a generation, driven by expansion in several key sectors, according to the country’s statistics agency. The country’s industrial sector demonstrated 9.3% growth year-on-year, driven by the expansion in mining and quarrying, while the gold sector expanded for the third consecutive quarter, growing 23.6% year-on-year in the…
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South Africa’s company to start mining copper in Australia by 2028
Harmony Gold is targeting its first copper production from the Eva Copper project in Queensland, Australia, by 2028. Alongside this, Harmony has reported a 132% surge in headline earnings, with a record 12.7 billion rand ($715.2 million) in operating free cash flows. Despite this financial success and the announcement of a dividend increase, the company’s…
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Lithium industry in Africa
Lithium industry in Africa: an expert on recent developments and future prospects Zimbabwe has taken the lead in sub-Saharan Africa’s lithium boom, according to the AmaranthCX network of experts. The alkali metal is a key component in modern batteries. According to Samir Bhattacharya, an associate fellow at the Observer Research Foundation, the southern African nation,…
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The Democratic Republic of the Congo (DRC) is considering taking legal action against US tech company Apple over using “illegally exploited” minerals by the enterprise
In April, lawyers in Paris representing the DRC stated that Apple had bought essential minerals that were unlawfully transported from the DRC to Rwanda, where they were illegally processed and then incorporated into “the global supply chain.” Lawyer William Bourdon commented on Thursday that Apple had issued a brief response following a formal notice, which…
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Liberia conditionally lifts shutdown order on China Union iron ore Bong Mines
Liberia conditionally lifted a shutdown order on China Union’s iron ore Bong Mines, the government said in a statement on Wednesday. The West African country’s Environmental Protection Agency (EPA) shut down operational activities on Aug. 28, saying the company had violated environmental regulations. The Liberian government said China Union had requested a temporary reprieve following…
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Burkina Faso Reclaims Gold Mines From Largest British Mining Firm In Bold Step Towards Resource Sovereignty
In a bold and significant move, Burkina Faso has reclaimed control of two of its major gold mines, marking a shift towards greater resource sovereignty. The Boungou and Wahgnion gold mines, previously owned by an African mining company, have now been nationalized by the Burkinabé government as part of a deal finalized on August 27,…
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Indonesia seeks to strengthen economic ties with Zimbabwe, exploring opportunities for lithium mining in the country
During a bilateral meeting with Zimbabwe’s Vice President Kembo Mohadi on the sidelines of the Second Indonesia-Africa Forum, Indonesian President Joko Widodo also called for the establishment of a preferential trade agreement between the two countries and expressed Indonesia’s desire to invest in Zimbabwe’s pharmaceutical sector, envisioning it as a regional hub for exporting medicines…
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Ghana to launch ‘monster mines’ to boost gold production
Africa’s top gold producer Ghana will commission its first large-scale greenfield mine in more than a decade in November, with expected annual production of more than 350,000 ounces, the head of its mining sector regulator said. Ghana, the world’s number two cocoa producer, has seen gold exploration slump over the past decade, limiting new projects…
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