Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Komatsu completes acquisition of GHH Group GmbH
Komatsu has completed the acquisition of GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. GHH’s wide range of equipment,…
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Vedanta set to regain control of Konkola copper mine
Vedanta Resources Ltd. is close to taking back control of the Konkola copper mine in Zambia and plans to quickly ramp up output as demand is expected to surge in the…
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Botswana GDP contracts most since 2020
Botswana’s economy contracted by the most since the peak of the pandemic in early 2020, after diamond production plunged. Gross domestic product shrank an annual 5.3% in the first quarter,…
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Andrada Mining restructures Uis Tin mine
Andrada Mining Ltd. has executed a legally binding agreement to restructure Uis Tin Mining (UTMC), the operational Namibian entity that holds the company’s licences (ML133, ML134 and ML129) into a…
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DMT Kai Batla and B Chiwale sign partnership agreement to expand services in Angola
DMT Kai Batla (Pty) Ltd., the South African subsidiary of DMT GmbH & Co. KG, a global engineering services and consultancy firm of the German TÜV NORD GROUP, announces the…
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Ghana to transform its energy sector with US$12 billion deal
Ghana has taken a significant step towards transforming its energy sector with a landmark US$12 billion agreement. The agreement will see the government of Ghana partnering with the TCP-UIC Consortium,…
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ProSep lands contracts totaling US$2 million
Building on a successful first half of the year, ProSep has announced the receipt of two contract awards totaling nearly US$2 million. Significant value for the firm – a global…
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ExxonMobil’s project portfolio, commitment to STEM to bolster growth in Angola
ExxonMobil could inject as much as US$15 billion into the development of Angola’s hydrocarbon reserves by 2030, following the success of commercial oil discoveries in the southern African country. The…
