Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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AfDB approves US$8.6 million grant to boost non-oil revenue mobilization in South Sudan
The Board of Directors of the African Development Bank Group has approved a grant funding of US$8.6 million to South Sudan to advance the second phase of the Non-Oil Revenue…
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Egypt establishes a company to increase the value of low-concentration phosphate ores
Egypt’s Mineral Resources Authority (MRA), East Gas Company, and IMEX International have signed an agreement to establish a company that will increase the value of low-concentration phosphate ores. Minister of…
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Copper 360 Limited releases its provisional consolidated financial results
Copper 360 Limited has released its provisional consolidated financial results for the year ended 29 February 2024, showcasing a year marked by positive growth and strategic initiatives that set the…
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Mimosa puts its US$134 million North Hill project on hold
Platinum miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other challenges. The…
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KoBold could spend US$2.3 billion on giant copper mine in Zambia
KoBold Metals, the Bill Gates-backed mining exploration company, could spend US$2.3 billion to build a major new copper mine in Zambia, President Hakainde Hichilema said, citing figures from the company.…
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Ghana set to restrict raw bauxite exports
Ghana is set to introduce a new legislative framework aimed at restricting the export of raw bauxite, according to Samuel Abu Jinapor, Minister of Lands and Natural Resources. Speaking at…
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Toubani Resources appoints Matt Wilcox to board
Toubani Resources Ltd. has appointed highly experienced gold executive Matt Wilcox to its board and strengthened its study management team to drive delivery of the definitive feasibility study (DFS) for the…
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Sandvik builds local production of screening media
As Sandvik Rock Processing makes significant investments in local screening media manufacturing capabilities, it is building the level of aftermarket support for its growing capital equipment portfolio. According to Riaan…
