Business
Comprehensive business news. The latest gold, copper and metal prices, mining stock, market data and investing news.
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Zest WEG develops robust local supply chain
Zest WEG, the South African subsidiary of Brazilian motor and controls manufacturer WEG, has progressively increased its level of local manufacturing over the past decade and now boasts six manufacturing…
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Asante announces US$140 million forward gold purchase agreement
Asante Gold Corporation announces that effective July 15, 2022, the Company has completed the first US$100 million tranche of a US$140 million financing package from strategic financial institutions in Ghana.…
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Premier African Minerals to start lithium shipments to China by March 2023
Premier African Minerals, will start shipping spodumene concentrate from its Zulu lithium mine in Zimbabwe to China by March 2023 after signing an offtake deal with Suzhou TA&A Ultra Clean…
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Zambia plans to cancel over US$2 billion projects to rein in debt
Zambia is cancelling more than US$2 billion worth of projects financed by commercial loans to reduce the risk of accumulating more non-concessional debt, the ministry of finance said. In 2020,…
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New partnership agreement enables Integrated Air Solutions to support local installed FS-Elliott centrifugal oil-free compressor base
Integrated Air Solutions, as a foremost supplier of world-renowned ELGi electric screw compressors, has been delivering quality air solutions to pharmaceutical, mining, food and beverage, agriculture and oil and gas…
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Sibanye-Stillwater to raise stake in Finland’s Keliber
South African miner Sibanye-Stillwater said on Thursday it intends to exercise its pre-emptive right to increase its shareholding in Finnish mining and battery chemical firm Keliber to 50% plus one…
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Zijin joins hands with MTN and Huawei to build Southern Africa region’s first 5G-enabled Metal Mine
Nkwe Platinum Limited and South Africa Zijin Platinum (Pty) Limited (wholly owned subsidiaries of Multinational mining company, the Zijin Mining Group), have joined hands with African telecommunications giant MTN and…
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Ghana to commission it’s first gold refinery by August 2022
All is set for President Nana Addo Dankwa Akufo-Addo to commission the Royal Gold Ghana Limited Refinery by August, this year. The gold refinery is located at the Diamond House…
