African mines could account for nearly a 10th of the world’s rare earths in five years, climbing from zero today, creating new players in a market dominated by China. Eight mines in countries such as Tanzania, Angola, Malawi and South Africa are expected to start production by 2029 and contributeContinue Reading
Uganda plans domestic gold purchases to build foreign exchange reserves and limit risks on reserve investments, becoming the latest African nation to turn to the precious metal to back up its currency. The Bank of Uganda said it will directly purchase bullion from artisanal miners in a move that willContinue Reading
Moab Minerals Limited has announced that it has completed the acquisition of Linx Resources, which holds a diverse portfolio of advanced, large-scale uranium projects in Tanzania. Moab has acquired 81.85% of the shares in Linx, plus an additional 7.75% following the conversion of loans owing to Moab by Linx, bringingContinue Reading
Orano, a French nuclear company, recently announced the resumption of development at the Imouraren uranium deposit in Niger, after the project was offline for almost a decade. However, the resumption project is facing opposition from the Nigerien government, which could lead to the revocation of Orano’s mining permit. The ImourarenContinue Reading
The US is supporting Angola’s transition from an oil-dependent economy to becoming a key player in critical minerals processing and clean energy export, according to a senior official. “Angola and the United States are aligned on all the major points related to energy access, energy security, decarbonization, and critical minerals,”Continue Reading
JCHX Mining is on the verge of finalizing a deal to acquire Zambia’s Lubambe copper mine, according to two sources who spoke with Reuters. This acquisition marks another step in the series of copper deals pursued by Chinese firms eager to expand their influence in Africa’s copper mining sector. TheContinue Reading
China’s investment in Africa is experiencing a significant resurgence, particularly in infrastructure projects centered around vital minerals crucial for the global energy transition, notably lithium. According to Reuters, China has committed substantial funds to new development initiatives and trade ventures in Africa, with recent Chinese investments soaring by 114% lastContinue Reading
A nonprofit organisation, the Corporate Accountability and Public Participation Africa (CAPPA) has advised the Nigerian government to approach its pursuit of industrial-scale lithium mining with a deep sense of environmental accountability and the protection of local livelihoods. The organisation’s advice comes in the wake of the Nigerian government’s commissioning ofContinue Reading
On Wednesday, the Minister of Solid Minerals Development, Dele Alake, met with 32 state governors and reached a consensus to form a joint committee to address mining issues collaboratively. The meeting, chaired by AbdulRasak Abdulrahman, Chairman of the Nigerian Governors Forum (NGF) and Kwara State Governor, was a significant stepContinue Reading
KoBold Metals, a U.S.-based startup backed by high-profile investors like Bill Gates and Jeff Bezos, is making strides in Zambia’s copper-rich belt. In February, it joined forces with Canada’s Midnight Sun Mining (TSXV: MMA) to explore the promising Dumbwa target within the Solwezi copper project. This strategic alliance combines KoBold’sContinue Reading
