Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Okala-DRC deal to unlock Congo’s natural capital wealth
A landmark partnership to finance the measurement, valuation and protection of Congolese biodiversity and carbon natural assets was announced today. The deal between the biodiversity tech company Okala and the…
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Zambia selects UAE’s IRH as new partner in Mopani Copper Mines
Zambia has selected United Arab Emirates’ International Resources Holdings as the new strategic equity partner in Mopani Copper Mines, state-firm ZCCM-IH said in a statement late on Thursday. IRH, which…
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SAISC warns local sector to steel itself for knock-on effects of ArcelorMittal’s Newcastle mill closure
The imminent closure of the ArcelorMittal Newcastle ‘long’ steel products operation in Newcastle, KwaZulu-Natal, is likely to cause considerable turbulence within the local steel sector, with potential projected ‘knock-on’ effects…
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Namibia’s mining license applications to go digital in 2024
Mining license applications will go computerized in January 2024, when the application process will shift to a digital platform. The Minister of Mines and Energy, Hon Tom Alweendo, said during…
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Acquisition of Nama Copper Resources Proprietary Limited
Copper 360 and Mazule Resources Proprietary Limited, the shareholder of Nama Copper, have entered into an agreement to acquire all the shares and claims in Nama Copper for a consideration…
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Woodcross Resources to track all tin from Ugandan operations with Minespider platform
Woodcross Resources, the first integrated tin production business in the Republic of Uganda, is partnering with Minespider, a technology company offering a blockchain-based traceability solution. Following the strategy developed by…
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Simon Baloyi appointed Sasol’s new President and CEO
South African petrochemical company Sasol on Friday said Simon Baloyi will take on the role of President and CEO from April 1, 2024. Baloyi succeeds Fleetwood Grobler, who will continue…
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Mining expected to support Namibia’s growth in 2023
The mining sector, particularly the diamond mining subsector, is expected to continue supporting growth in 2023, albeit lower when compared to a strong performance in 2022. The composite mining production…
