Nickel, which accounted for 25% of Madagascar’s export value in 2022, faces a significant disruption following an incident at the Ambatovy nickel mine. Japan’s Sumitomo Corporation, which operates the mine, reported damage to the pipeline transporting ore to the processing plant, leading to a suspension of production. The halt at Madagascar’s largest nickel mine comes...
READ MOREPremier African Minerals Limited is considering various strategic options for its Zulu lithium plant, located at the Fort Rixon lithium mine in Zimbabwe’s Matabeleland South Province. These options include a potential full or partial sale, or bringing in an investment partner through a joint venture. The company reported an operating loss of $12.03 million for...
READ MOREBarrick Gold has initiated the expansion of its Lumwana copper mine in Zambia’s Kalumbila District, with an investment of USD 500 million earmarked for the project’s first phase. The expansion will focus on infrastructure upgrades, operational improvements, and the introduction of advanced mining technologies. The total cost of the project is expected to reach USD...
READ MORENickel and cobalt production at Madagascar’s Ambatovy mine has been interrupted after a pipeline transporting ore from the mine in the east of the country to its refinery was damaged, according to a statement from Sumitomo Corp, a major shareholder. The incident, which occurred on September 25, is under investigation, though no injuries have been...
READ MORECanadian metals producer Barrick Gold Corporation has awarded a $78 million contract to Finnish company Metso for the supply of copper concentrator equipment for its Lumwana Copper Mine in Zambia. The agreement, announced on September 30, includes key equipment for grinding, flotation, thickening, feeding, and filtration, all of which will be deployed at Lumwana, one...
READ MORESince the commissioning of the Phase I plant in May 2021, the Kamoa-Cakula copper project has quickly risen as a major player in the global copper industry due to its impressive production capacity and resource reserves. Owned by Zijin Mining and Ivanhoe Mines, the project is now poised to further expand its annual production capacity...
READ MOREGanfeng Lithium, one of China’s largest lithium producers, is set to deepen its investments in Africa, particularly in the mining sector, as part of its global expansion strategy, according to a recent interview with company executives by China Daily. The company is advancing key projects such as the Mboukoumassi potassic salt ore project in Africa...
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Stage One: Blaming the African State The narrative of African countries losing control over their mining sectors to foreign companies dates back to post-independence times. Initially, African governments, such as the Democratic Republic of Congo (DRC), took steps to nationalize mining resources. However, the mid-1970s saw a shift in perception, with external economic shocks and...
READ MORECEO Transition at Gold Fields Following the departure of Chris Griffith in late 2022, Gold Fields had Martin Preece acting as an interim CEO. Now, Gold Fields, South Africa’s preeminent gold producer and the largest in Africa, has announced a new CEO. Starting January 1, 2024, former South32 executive Mike Fraser will helm the company....
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Cameroon’s extractive industry’s governance practices are currently being examined by the Extractive Industries Transparency Initiative (EITI) in a routine procedure referred to as “Itie validation”. However, the shadows cast by the 2021 Glencore scandal, exposing a massive global corruption web implicating two Cameroonian companies, has added more urgency to this examination. Background In 2021, EITI...
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