Leo Lithium announced on Wednesday that it has finalized an agreement with China’s Ganfeng Lithium to offload its remaining 40% ownership in a Mali-based mine for a sum of $342.7 million. Additionally, the West Perth-headquartered company disclosed the signing of a memorandum of understanding (MOU) to resolve all outstanding mattersContinue Reading
Listed on AIM, Kefi Gold and Copper has reported significant progress according to plan at its Tulu Kapi gold project in Ethiopia. The finance syndicate board processes are progressing as scheduled for final conditional approvals this May, while preparations for the project launch are underway. Kefi highlights the positive developmentsContinue Reading
Trident Energy CEO Jean-Michel Jacoulot is set to address the Invest in African Energy (IAE) 2024 forum in Paris next week, highlighting the company’s expansion efforts in Africa. Trident Energy, a leading independent in the industry, is broadening its portfolio by focusing on operating and revitalizing mid-life oil and gasContinue Reading
Sameh Shenouda, executive director & chief investment officer at Africa Finance Corporation (AFC), discusses perceived risks around mining projects, keeping value within the continent and being a catalyst for change In 2024, there is little need to rehash the staggering potential of Africa’s mining industry. Aside from the bedrock ofContinue Reading
Volvo Construction Equipment (Volvo CE) has highlighted the effective work its machines are doing on the ‘Toshka Project’ in Egypt The megaproject is a multi-phase project set to add 600,000 acres to the current agricultural patch of Egypt by redirecting water supply from the Nile for much-needed crop irrigation. A 50Continue Reading
Lafarge Africa Plc., a Nigerian building solutions company and member of Holcim Limited, has revealed the ‘Watershield’ cement, a new innovative product that the company says will pioneer a ‘new era’ in construction Lafarge devised the solution after recognising that traditional cement and waterproofing solutions have long been plagued byContinue Reading
Caterpillar has unveiled multiple design enhancements to tis PM310, PM312 and PM313 Cold Planers to boost their performance, operator comfort and milling power The PM300 Series, which integrate the Cat C9.3B engine to deliver increased gross power and more available torque, is built to excel in small to medium applicationsContinue Reading
Liebherr has unveiled its new Used Equipment Marketplace, a new digital platform allowing customers to find used construction and materials handling machines, used attachments and accessories, as well as spare parts from certified sales and service partners With an extensive portfolio ranging across earthmoving, building construction, concrete technology and materialsContinue Reading
Ghana, Africa’s largest gold producer, is planning an up to $500 million listing of its gold royalty fund in London in October, though the deal could still run into political opposition, three sources familiar with the matter told Reuters. Agyapa Royalties, a government-backed fund that holds equity interests including miningContinue Reading
Coal suppliers need to deal fairly with Eskom by seeking reasonable returns and not excessive profits. High input costs to power generation, including coal, ultimately cause higher electricity prices which is detrimental to South Africa’s economy, said Menar MD Vuslat Bayoglu. He was speaking during a panel discussion on howContinue Reading
