October 31, 2023

Impala Platinum to cut spending after metal price decline

Platinum prices are down about 15% so far in 2023.

October 30, 2023

Gem Diamonds finds 117-carat diamond at Letseng

The discovery of the white Type IIa rough diamond is a much-needed positive news for the miner, which reported last month a $1 million loss.

October 30, 2023

AVZ Minerals to file arbitration over contested Congo lithium mine

Last week, Zijin Mining said joint venture Manono Lithium SAS was granted rights over the northeast tenement of the Manono mine.

October 29, 2023

Germany’s Scholz says his country willing to invest in Nigerian gas, minerals

"There is a willingness to invest, especially in critical minerals," German Chancellor Olaf Scholz told reporters.

October 27, 2023

Burkina Faso targets bigger royalties as gold production drops

The West African nation increased the minimum royalty rate for spot price above $1,500 an ounce to 6% from 5%.

October 27, 2023

Copycat Chinese lithium firms back Nigerian processing plant

The $250 million project is a response to the Nigerian government’s efforts to diversify the economy away from oil.

October 26, 2023

Capex of top 30 miners to grow 6.2% in 2023, but decline over next two years — report

According to S&P Global, the highest capital budget spend in financial year 2023 is expected to come from BHP.

October 26, 2023

Trafigura-backed Congo miner puts itself on sale amid debt woes

The attempted sale of Chemaf Resources Ltd. comes after the company’s ambitious expansion drive ran into financial trouble.

October 26, 2023

Syrah expects more graphite buys ahead of China export ban

China will require export permits as of Dec. 1 for some graphite products.

October 25, 2023

World Bank grants South Africa $1 billion loan for energy reform

The funding will help facilitate “restructuring of the power sector” through the unbundling of state-owned utility Eskom.