Business

Climate campaigners have described the announcement by the British government to suspend financial support for thermal coal as a “small first step.” The British Prime Minister, Boris Johnson announced at the inaugural UK-Africa summit that the government will suspend financial support for thermal coal as part of efforts to present …

African Development Bank President Akinwumi  Adesina is expected in London for the UK-Africa Summit, an investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ The summit is being convened by Prime Minister Boris Johnson and kicks off on January 20th. According to a statement, a busy …

East Africa Metals has received the final payment of US$600,000 from Tibet Huayu Mining as part of the closing of the transaction as it purchased a 70% interest in the company’s Adyabo Project. Andrew Lee Smith, East Africa Metals’ CEO, is reportedly travelling to Addis Ababa, Ethiopia to meet with …

The mine design for investment group Armadale Capital’s Mahenge Liandu graphite project, in Tanzania, is being finalised, following a site visit by the project engineer. The mine design, which will be optimised to ensure high-grade areas are targeted first, will be included in a definitive feasibility study (DFS) for the …

The Ethiopian government has set a target for its mining sector to contribute around 10 per cent of the country’s Gross Domestic Product (GDP) by 2025. The sector contributed less than 1 per cent of Ethiopia’s GDP, 14 per cent of exports, 1 per cent of government revenue and was …

With the economy and the construction sector set to grow at a steady speed in Belgium, the Netherlands and Luxembourg over the next few years, Terex Trucks is expanding its operations and bringing its TA300 and TA400 articulated haulers to even more customers throughout the region. The Benelux region is …

Empire CAT of Phoenix, AZ, has donated a 2020 GMC Sierra 2500 SLT Diesel truck valued at $70,000 as the grand prize for the Society for Mining, Metallurgy & Exploration Foundation (SMEF)  Benefit Truck Raffle. The proceeds are to support critical education, outreach and professional development programs for SMEF. “Empire …

President Cyril Ramaphosa says the time has come for Africa to benefit from its mineral wealth and be a producer of value-added goods. The President made the impassioned plea during the opening ceremony of the second Africa Investment Forum at the Sandton Convention Centre in Johannesburg. Approximately 2 000 delegates …

Russian companies have offered African countries solutions based on the internet of things (IoT) and artificial intelligence (AI) to boost mining production. The offers follow the realisation that traditional means are becoming increasingly expensive, with productivity falling due to technical maintenance costs, unreliable equipment, reactive troubleshooting, a lower equipment utilisation …

“Important to share geological information across the region” “Kamoa-Kakula, which now ranks as the world’s largest undeveloped high-grade copper discovery, represents the discovery of a previously unrecognized and richly endowed district within the Central African Copperbelt – geologically distinct, yet geographically next door to the well-known Kolwezi deposits. We have …