Botswana has affirmed speculations circulating in the market regarding its intent to bolster its ownership in De Beers, amid Anglo American’s (LON: AAL) plans to divest or offload the diamond producer. President Mokgweetsi Masisi declared during a political gathering north of Gaborone, the capital, on Monday, as reported by Bloomberg,Continue Reading
The United Nations Economic Commission for Africa (UNECA) plans to support Rwanda strategic sectors, targeting key projects such as the Gabiro Agribusiness Hub and Gako beef farm. This was said by UNECA’s Executive Secretary Amb Claver Gatete following a meeting with Prime Minister Edouard Ngirente on Monday, June 10. “The United Nations EconomicContinue Reading
Uganda has been commended by the Oslo-based Extractive Industries Transparency Initiative (EITI) Board following a recent validation of the country. Uganda’s validation score published by the EITI Board on May 21 was based on the implementation of the 2019 EITI standard. According to the EITI validation classification, a score ofContinue Reading
DY6 Metals has secured a license for its Tundulu rare earth project from the Malawian Department of Mines. The project site includes several hills, with Nathace Hill at its center. Located in southern Malawi, the Tundulu project is a carbonatite complex known for its rich rare earth elements (REEs) andContinue Reading
The Lands and Mining Watch Ghana (LMWG), a civil society organisation has called on President Nana Addo Dankwa Akufo-Addo to intervene to restore the rule of law and to protect Ghana’s 10 per cent stake in the Adamus Resources. “We are appalled by the revelation that Angela List, Group CEOContinue 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
The US International Development Finance Corporation (DFC) allegedly dismissed an internal analyst in August last year for raising concerns about a $100 million project to build and operate a toll road and bridge in the Democratic Republic of the Congo (DRC) and Zambia. The project was expected to have adverseContinue 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
Shares in Hummingbird Resources (AIM: HUM) surged 17% on Friday after the Africa-focused mining company announced the resumption of operations at its Kouroussa gold mine in Guinea, ending a two-month strike by its primary contractor. The gold producer, which operates in Mali, Guinea, and Liberia, had to suspend activities atContinue Reading
