Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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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…
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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…
