Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Navachab Gold Mine shun recent audit report findings
The QKR Namibia Navachab Gold Mine has shunned findings of a recent audit report, which reveals that the company is failing to adequately contribute to skills and technology development in…
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South32’s Mozambique aluminium smelter faces uncertainty amid power supply issues
Australian mining and metals company South32 has raised concerns regarding the future of its Mozal aluminium smelter in Mozambique, citing potential power supply issues and the inability to secure affordable…
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Improved policies and favourable business environment drives mining boom in Tanzania
Improved policies and more favourable business environment under President Samia Suluhu Hassan’s leadership have spurred a significant boom in the mining sector, with the Shinyanga and Kahama zones alone generating…
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Kadoma Mining appoints Brian Moritz as new board Chairman
Kadoma Mining PLC – London-based gold miner in Africa has appointed Brian Moritz as its new chair. Moritz was previously chair of African Platinum PLC until its £300 million acquisition…
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B2Gold Namibia to restructure and reduce the workforce at Otjikoto Gold Mine
B2Gold Namibia will scale down employment by approximately 400 jobs at its Otjikoto Gold Mine by the end of 2025 due to a transition from open pit to underground mining.…
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Trafigura prepays US$200 million to snap up Ivanhoe’s Congo copper
Trafigura Group agreed to pay US$200 million for copper anodes from an Ivanhoe Mines Ltd. smelter in the Democratic Republic of Congo that’s due to start up in September. Trafigura…
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Egypt approves contract for Centamin Mining in Sukari
The Egyptian Parliament has given final approval to a draft law, permitting the Minister of Petroleum and Mineral Resources to contract with the Egyptian Mineral Resources and Mining Industries Authority and…
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Egypt’s ElSewedy Capital signs MoU for phosphate exploration in El-Sebaeya mines
The Egyptian Mineral Resources and Mining Industries Authority signed a Memorandum of Understanding (MoU) with ElSewedy Capital Investments. The MoU aims to establish a partnership for the exploration, exploitation, and…
