Uganda is latest African nation eying gold as currency shield

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.

Africa’s rare earths could make up 9% of global supply by 2029

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.

JCHX closes in on Zambian copper mine deal as China tightens Africa grip

JCHX Mining is close to concluding a deal to buy Zambia’s Lubambe copper mine, two sources told Reuters, in the latest in a string of copper deals by Chinese companies intent on growing their control of the African copper mining industry.

South Korean, African leaders pledge deeper ties, critical mineral development

South Korean President Yoon Suk Yeol and the leaders of African countries agreed on Tuesday to forge deeper trade and business cooperation and launched a “critical minerals dialogue” aimed at sustainable development of the continent’s resources.

How a rattled South Africa became Anglo’s best defence against BHP bid

Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo’s local platinum and iron ore assets was causing a political storm.

BHP and Anglo remain split on South Africa as time runs out

With less than one day left on the clock, advisers for BHP Group and Anglo American Plc were still struggling to find a breakthrough to salvage BHP’s ambitious $49 billion takeover plan.

Anglo American’s South Africa investors open to improved BHP bid

Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.

Anglo American’s South Africa investors open to improved BHP bid

Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an additional cash component to the bid, the Financial Times reported on Thursday.

BHP insists Anglo American’s South African assets must go in any takeover

BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed takeover and is expected to be a part of any revised offer, investors briefed on the miner’s thinking said.

BHP bombshell puts South African mining in a hole

BHP has put South Africa and its mining sector on the spot. The $140 billion Australian group’s ambitious swoop on rival Anglo American would see one of the Rainbow Nation’s most familiar companies largely withdraw from the country more than a hundred years after it was founded. The question is whether the government in Pretoria can stop the $39 billion transaction – and whether it should.

Anglo CEO meets South Africa mines minister after BHP’s takeover proposal

Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time since the miner rejected BHP Group’s $39 billion takeover bid, a source familiar with the matter told Reuters.

BHP CEO flies to South Africa to push $39 billion takeover

BHP Group (ASX: BHP) has deployed a senior team including its chief executive officer to South Africa as the world’s largest miner ramps up efforts to win over government officials, regulators and local shareholders, all of whom could yet determine the outcome of its proposed tie-up with rival Anglo American.

Anglo spinoffs will ‘very likely’ need South Africa approval

BHP Group Ltd.’s proposal for Anglo American Plc to spin off platinum and iron ore units before a takeover would likely require approval from South African regulators, according to a government agency.

Implats weighs 3,900 job cuts in South Africa as price rout takes toll

Impala Platinum could cut 3,900 jobs as it restructures its South African operations due to lower metal prices, the miner said on Friday, with the news likely to pile more pressure on the government weeks before a general election.

Africa to play ‘huge role’ in US critical mineral strategy, says Treasury’s No. 2

The United States is looking to Africa to help loosen a Chinese stranglehold on battery metals and reduce Russia’s influence over the market for other minerals, US Deputy Treasury Secretary Wally Adeyemo said on Thursday.

African Rainbow pauses Bokoni mine expansion plan after H1 profit fall

African Rainbow Minerals (ARM) said on Friday it was deferring plans to expand output at its Bokoni mine due to low platinum group metal (PGM) prices after reporting a 43% drop in its half-year profit.

US court sides with Apple, Tesla, other tech companies over child labor in Africa

A federal appeals court on Tuesday refused to hold five major technology companies liable over their alleged support for the use of child labor in cobalt mining operations in the Democratic Republic of the Congo.

Platinum’s worst crisis in decades hits jobs in South Africa

South Africa’s platinum producers are in crisis, as slumping metal prices force jobs cuts and erode profits.

Northam CEO says South African platinum miners facing worst crisis in decades

Northam Platinum’s CEO said on Friday that platinum mining companies in South Africa, the world’s top supplier of the metal, are facing “severe” market conditions and are caught up in the worst crisis in three decades as prices plummet.

South African billionaire Wiese returns to his diamond-hunting roots

Christo Wiese, South Africa’s billionaire retail king, is going back to the future.

Africa moves a step closer to continent’s first cobalt refinery

Africa could have its first cobalt sulphate refinery by the end of 2025, one of the few outside of China capable of making the product that’s a key component of lithium-ion batteries.

US to commit more funds to African rail link for metal exports

The United States will provide more funds for the construction of the Lobito Corridor, a rail link to export metals from Central Africa’s Copperbelt, including a link for Zambia, US energy envoy Amos Hochstein said.

South African platinum industry could shed up to 7,000 jobs to cut costs

Restructuring of South Africa’s platinum group metals (PGM) industry in response to rising costs and falling prices could result in between 4,000 and 7,000 job cuts, the country’s Minerals Council said on Monday.

Western miners lag as oil powers enter race for Africa’s critical metals

Risk aversion is likely to leave major Western miners lagging in a race to tap Africa’s reserves of critical raw materials that has gathered pace now Middle Eastern oil powers have begun to emulate China’s years of investment on the continent.

Platinum miners’ underground protest in South Africa goes on

Mining News Pro - Impala Platinum Holdings Ltd. said an underground protest at one of its mines in South Africa is unresolved, with more than 2,000 workers still below surface.

Esfahan Mobarakeh Steel co.
khuzestan steel
chadormalu Co.
ghadir neiriz co
sangan steel
ahan o fulad golgohar