Wednesday , October 21 2026

International

Reforms Open Door for Australian Miner in Egypt

Egypt’s overhaul of its mining legislation is beginning to translate into foreign investment interest, with Australian mining group Hunter & Co. signaling plans to enter the country’s mineral sector. The move follows discussions between Egypt’s Minister of Petroleum and Mineral Resources, Karim Badawiand a senior Hunter & Co. delegation, where …

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Sibanye Phases Keliber Start Amid Market Reality

Production at the €783 million (R14.9 billion) Keliber lithium project in Finland will be phased, with Sibanye-Stillwater citing oversupply in the global lithium market. The Johannesburg-headquartered miner said that last year, prices for lithium concentrate were “well below” the project incentive price of $10,000 to $15,000 LCE (lithium carbonate equivalent). …

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EU Unveils €545m Clean Energy Fund for Africa – Update

The European Commission (EC) has launched a substantial €545-million Team Europe package to accelerate Africa’s transition to clean energy, aligning with the continent’s ambitious development goals and global climate targets. The funding was announced by EC President Ursula von der Leyen as part of the ‘Scaling Up Renewables in Africa’ …

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ICMM team deliberate on mining, metals at COP30 – Update

United Nations Climate Change Conference dubbed (COP30) ongoing at Belém in Brazil will zoom on the mining sector. According to ICMM team, this year, mining and metals are higher on the agenda than ever – driven by geopolitical considerations. In addition, there is recognition that mining and metals are part …

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Africa’s Minerals Draw Renewed Russia–China Interest – Updated

Africa’s vast mineral wealth took centre stage at the second international “Russia–Africa Expo-2025”, where a high-level roundtable explored new avenues for cooperation between African countries, Russia and China in the mining sector. Hosted by the Financial and Business Association of Euro-Asian Cooperation (FBA EAC) in Moscow, the discussion highlighted how …

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Metso divests portion of operations in Finland, Sweden to Miilux

Metso has signed an agreement to divest its loading and hauling business in Finland and Sweden, operating under the Häggblom legal entities, to Miilux Oy, a Finnish-based company which sells and manufactures wear resistant and personal protection solutions – utilizing its own brands and innovations. The agreement follows the strategic assessment …

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Apple Slapped With Fresh US Lawsuit Over DRC Conflict Minerals Claim

A US-based advocacy group has launched a new legal challenge against technology giant Apple, filing a lawsuit in Washington that accuses the iPhone maker of continuing to use minerals linked to conflict and human rights abuses in the Democratic Republic of Congo (DRC) and Rwanda, despite the company’s public denials. …

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$24bn Simandou Project Ships First Iron Ore to China

Guinea has shipped its first iron ore from the long-stalled $24 billion Simandou development, signalling the long-awaited operational start of one of the world’s most valuable untapped mineral deposits and marking a turning point in West Africa’s role in global steel supply chains. A deep-sea vessel carrying 200,000 tonnes of …

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Poland and Uganda Forge Deeper Mining Ties at Kampala Conference

The Polish-Ugandan Mining Sector Conference, held on November 21, 2025, at the Mestil Hotel in Kampala, marked a significant step toward enhanced bilateral cooperation in the mineral extraction industry. Organized by the Polish Embassy in Nairobi and the Polish Investment and Trade Agency (PAIH), in collaboration with the Polish Geological …

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UAE-Backed Deals Reignite Momentum for Uganda’s $4bn Oil Refinery

Uganda’s long-delayed US$4 billion oil refinery project has gained fresh momentum after the government signed new agreements with UAE-based Alpha MBM Investments, marking a decisive push toward the long-awaited Final Investment Decision (FID) in July 2026. The partnership, led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, will see …

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