News

The global energy landscape is undergoing a profound transformation, driven by the need for cleaner and more sustainable alternatives. Hydrogen, often referred to as the “fuel of the future,” is emerging as a promising solution that has the potential to revolutionise the energy sector in Africa and beyond. The 16th …

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today. Briefing media at a mine …

Barrick Gold Corporation, Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance.  At the same time, successful exploration is expected to more than replace reserves depleted by mining again this …

Darryll Castle has been appointed nonexecutive director of London-listed Rainbow Rare Earths, which owns the Phalaborwa project, in South Africa, and the Gakara project, in Burundi. His appointment is pursuant to the nomination right held by TechMet, as set out in Rainbow’s recent private placement announcement in May, whereby TechMet …

Innovative manufacturer of motion plastics, igus, has emerged as a trailblazer in the world of drive applications with the introduction of a full range of ready-to-use cabling solutions to fit all commonly used drive systems. igus sales executive, Edwin van Niekerk, says igus wants to minimise mistakes and speed-up cable …

o             The Company and Gemcorp have executed the final senior debt documentation. o             Interest rate margin fixed at 14% for Tranche A and 16% for Tranche B above SOFR. o             The upside participation for Gemcorp is based on a percentage of free cash flows after debt servicing for the life …

With a depth of mineral potential drawing increased investment into the Democratic Republic of Congo, the success of the country’s mining sector is tied closely to its ability to meet rising demand for energy. It was no surprise, therefore, that a key focus of the recent DRC Mining Week was …

Glencore recognises that robust and respectful engagement with stakeholders is essential for its industrial assets to maintain their licence to operate. Kamoto Copper Company S.A. (KCC) and Mutanda Mining SARL (MUMI) host a community townhall in Kolwezi on 29 June 2023. Community townhalls are one of the engagement platforms available …

London-based private equity firm Actis has agreed to sell its 100% stake in African green energy platform BTE Renewables to French companies Engie and Meridiam in a deal valued at $1bn. Under the Sales and Purchase Agreement signed with Actis, Engie will acquire BTE’s South African assets while Meridiam will …

Over the last couple of years, we have witnessed a growing number of recommendations and legal requirements on responsible business practices and broader ESG full value chain due diligence, which place greater expectations on companies along the entire minerals value chain. Today, when it comes to discussing the respect and …