NextSource Materials (TSX: NEXT) announced on Thursday that it has signed a mandate letter with the International Finance Corporation (IFC), the private sector investment arm of the World Bank Group, to lead a senior debt facility amounting to $91 million. The company plans to allocate approximately half of these fundsContinue Reading
The global market for quartz has been growing steadily and this trend is set to continue, demanding increasingly high purity levels. This demand comes from different industries, which have varying requirements, so that the most precise mineral sorting is needed. This can be achieved with sensor-based color and laser sortingContinue Reading
Two of the world’s leading underground mining equipment manufacturers have completed the first phase of a collaboration to provide mining companies with more options for expanding automation in the underground environment. MacLean and Sandvik are working together to improve automation zone interoperability of production and support fleets, with the installationContinue Reading
Senegal’s Minister of Energy, Petroleum and Mining Birame Soulèye Diop will participate at the African Energy Week (AEW): Invest in African Energy 2024 conference – Africa’s premier event for the energy sector taking place from 4–8 November in Cape Town. Minister Diop is expected to unpack the critical role oilContinue Reading
Scottish articulated hauler manufacturer and member of the Volvo Group, Rokbak, has partnered with Heavy Machinery Dealership (HMD), a premier provider of construction, mining and quarrying equipment in West Africa. Founded in 2003, HMD has established a strong reputation as a specialised distributor of premium heavy machinery and parts andContinue Reading
PLATINUM miner, Mimosa Mining Company, has put its US$134 million North Hill project on hold due to a challenging operational environment, characterised by declining global prices among other challenges, NewsDay Business can report. The project, intended to replace the South Hill mine, has been suspended, pending an improvement in marketContinue 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
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
