Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Arkle Resources acquires Namibia uranium stake for N$49 million
Arkle Resources has acquired an 85% stake in Namibia Uranium Pty Ltd. for £2.032 million, equivalent to about N$49 million, while simultaneously raising £1.7 million, or roughly N$41 million, through…
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Afreximbank boosts Angola’s energy sector with a US$1.75 billion facility for Sonangol
African Export-Import Bank (Afreximbank), working with other mandated lead arrangers, has successfully closed a US$1.75 billion syndicated receivables purchase facility for Sonangol, Angola’s national oil company. The strategic financing will…
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Multotec awarded SACEEC Exporter of the Year
Multotec has been named Exporter of the Year by the South African Capital Equipment Export Council (SACEEC) securing both the overall Exporter of the Year title as well as the…
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Zijin Gold agrees C$5.5 billion acquisition of Canada’s Allied Gold
Zijin Gold International, a subsidiary of China’s Zijin Mining, has agreed to acquire Canadian miner Allied Gold in a deal valued at about C$5.5 billion (US$4 billion). The transaction will…
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IDC to sell 10.2% equity stake in Rössing uranium mine
South Africa’s Industrial Development Corporation (IDC) has formally moved to sell its 10.2% equity stake, citing the expiry of its investment horizon. In a recent Expression of Interest (EOI), the…
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KEFI updates on financial close and operations at Tulu Kapi Gold Project
KEFI, a gold and copper exploration and development company focused on the Arabian-Nubian Shield with a pipeline of projects in the Federal Democratic Republic of Ethiopia, and the Kingdom of…
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Victory Metals CEO meets with Trump Administration on US critical mineral strategy
Victory Metals Limited CEO Brendan Clark has returned from a series of meetings with members of the Trump Administration in Washington to discuss how Australia can partner the United States’…
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Tanzania to gain practical insights from Ghana on gold trade
The Tanzania Mining Commission has conducted an official working visit to the Ghana Gold Board (GoldBod) in Accra, intending to gain practical insights into how the unique institution has successfully…
