Sibanye Stillwater CEO Neal Froneman received a R56 million payday in 2023 – a significant drop from the R291 million he received in 2021. Froneman recently said that the fall of Platinum Group Metals (PGMS) prices had the most significant impact on Sibanye’s business following a post-Covid boom. The priceContinue Reading
MASVINGO, Zimbabwe — At the end of November last year, Zimbabwean President Emmerson Mnangagwa and Sinomine Resource Group chair Wang Pingwei walked into a lithium processing plant, construction hats firmly on. With a crowd of policymakers, company workers and press looking on, they hailed the mining group’s $300 million investmentContinue Reading
Zimbabwe’s President Emmerson Mnangagwa has reappointed Winston Chitando as the Southern African nation’s Mines Minister, a post he held before last year’s elections. Prior to his reappointment, Chitando was the local government minister. Chitando’s reappointment is among several changes announced by the Chief Secretary to the President and Cabinet Martin Rushwaya late on Wednesday. Others include SodaContinue Reading
Kal Tire’s Mining Tire Group, a leader in mining tyre management service and supply, and Pitcrew AI, a company specialising in autonomous vehicle inspection systems, has announced their global mining partnership. The signed Memorandum of Understanding (MOU) solidifies the existing collaboration between the two organisations and designates Kal Tire’s MiningContinue Reading
Ivanhoe Mines has announced that the first shipment of copper concentrate from the Kamoa-Kakula Copper Complex has arrived by rail at the Atlantic Ocean port of Lobito, in Angola. The first shipment is a part of the trial tonnage under the memorandum of understanding (MOU) signed between Lobito Atlantic InternationalContinue Reading
Land management solutions provider Spatial Dimension has started activities to implement its Landfolio solution for the Angolan government. Partnering with Angolan company OceanGeo SA, Spatial Dimension will deliver a modern, online mining cadastre system for the Agência Nacional de Recursos Minerais – the national regulatory body for mineral resources. The project, awarded by contracting agency Endiama, will have a 12-monthContinue Reading
Keen to diversify away from diamonds and crude oil, Angola is hoping to attract new foreign investment to develop its vast untapped mineral wealth. Angola, the seventh-largest country in Africa, is most well-known for being one of the region’s biggest oil exporters. The commodity provides around half of the country’sContinue Reading
Zodiac Gold, Inc. [TSXV-ZAU] reported additional results from its recently completed Phase II Drill Program at the Arthington target, Liberia. The Phase II drilling results confirm the expansion of the mineralized strike length at Arthington to 2.4 km, marking a substantial increase to the previous 1 km strike length, with interceptsContinue Reading
Sabodala-Massawa is Senegal’s largest gold mine. Its owner plans to commission a new processing plant at the site. This year, the firm eyes an output of 11.33 t, up from 8.33 t last year. Endeavour Mining announced the successful first gold pouring from its new processing plant at the Sabodala-MassawaContinue Reading
Barrick Gold (TSX: ABX; NYSE: GOLD) faced criticism outside its annual general meeting on Tuesday in Toronto for supporting Malian rulers with ties to Russia. The operator of the Loulo-Gounkoto gold complex in the West African country increased tax, royalty and dividend payments to the government by almost half toContinue Reading
