Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Vedanta seeks US$1 billion in debt financing for Konkola Copper Mines development
Mining company Vedanta Resources is reportedly seeking approximately US$1 billion in debt financing to fund the development of its Konkola Copper Mines (KCM) in Zambia. The company’s base metals unit…
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Advancing Africa’s mineral processing and sustainability agenda
Tabono, a growth partner focused on driving economic development across Africa, is pleased to announce its acquisition of a 33% stake in Minprotech, a company specialising in advanced mining technology…
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Langer Heinrich Mine to reach full-scale mining operations by 2026
The Langer Heinrich Mine (LHM) is set to reach full-scale mining operations by 2026, with a target to produce six million pounds (2.7 million kg) of uranium annually. The mine,…
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Botswana extends two prospecting licenses for Botswana Diamonds
The Ministry of Minerals and Energy in Botswana prospecting licenses 224/2007 and 169/2019 for mining firm Botswana Diamonds by an additional two years. The renewed licenses allow the company to…
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First crusher for Sandvik-S&R partnership
In a promising start to S&R Enterprises’ mandate as a Sandvik Rock Processing distributor, its first Sandvik mobile jaw crusher has been delivered to a mining contractor on a coal…
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Arcelormittal decides finally on long steel’s fate
ArcelorMittal (SA) has made a final decision on mothballing its long-steel operations at its Newcastle Works, Vereeniging Works, and the rail and structural subsidiary, AMRAS. The announcement will have a…
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Allied Gold gets Mali’s approval for new project
Mali signed an agreement with Canada’s Allied Gold Corp. for a 35% stake in a new mine in connection to its Sadiola project. Known as Korali-Sud, the new project will…
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Revolutionising TIG welding for aerospace manufacturing
Yaskawa Southern Africa has partnered with Aerosud Aviation, a leading aerospace manufacturer, to implement a cutting-edge robotic TIG welding solution tailored to the exacting demands of aerospace production. The collaboration,…
