Tanzania has signed a $2.15 billion agreement with two Chinese firms to build a railway connecting its main port of Dar es Salaam to a nickel mine in Burundi. Tanzania Railways Corp. awarded the contracts to China Railway Engineering Group Ltd. and China Railway Engineering Design and Consulting Group Co. Transport Minister Makame Mbarawa stated...
READ MORETerra Metals Inc., a U.S.-based mining company, has announced progress in its copper and cobalt mining operations and renewable energy projects in Zambia. The company’s assets in the Kabompo Dome, located near major mining operations, position it strategically within the region’s mining sector. The company plans to re-commission its copper and cobalt acid leach plant...
READ MOREChina’s CMOC Group, the world’s largest cobalt miner, plans to sustain high production levels in 2025 following a record-breaking year in 2024. The company, which operates major mining projects in the Democratic Republic of Congo, has set a target to produce between 100,000 and 120,000 tons of cobalt this year. This comes after it achieved...
READ MOREZimbabwe’s state-owned Kuvimba Mining House is on track to finalize a $270 million deal with two Chinese companies for its lithium project, CEO Trevor Barnard announced on Monday. The project, centered on the construction of a 600,000 metric tons per year lithium concentrator at the Sandawana mine, continues despite the sharp decline in lithium prices...
READ MOREThe Public Investment Corporation (PIC) has raised its stake in Northam Platinum to 20%, reinforcing its commitment to the long-term prospects of platinum group metals (PGMs). This follows the PIC’s move last year to increase its holding in Sibanye-Stillwater to 15%, as the asset manager continues to back the green economy potential of PGMs, particularly...
READ MOREAnglo American Platinum (ANGPY) has emerged as a standout player in the global platinum-group metals (PGM) mining industry. Despite market volatility and a downturn in PGM prices, the company has consistently maintained profitability, distinguishing itself from competitors. ANGPY holds the largest PGM mineral resources worldwide, operates cost-efficient facilities, and has demonstrated prudent management in navigating...
READ MOREIvanhoe Mines is poised to ramp up production at its Democratic Republic of Congo (DRC) operations in 2025 after achieving record output in 2024. The Canadian mining company has set its 2025 production guidance at 520,000 to 580,000 metric tons of copper from its flagship Kamoa-Kakula operation. The company reported a 12% year-on-year increase in...
READ MORECobalt prices have halved over the past two years, largely driven by a surge in supply from China’s CMOC Group. The company’s aggressive production growth has significantly contributed to the global oversupply of cobalt, pushing prices down from over $28,000 per tonne in January 2024 to under $24,000 by December on the London Metal Exchange....
READ MOREAfrica produced 1.44 million tonnes of primary aluminium during the first eleven months of 2024, a 1.5% decline compared to the 1.462 million tonnes recorded in the same period in 2023. This contrasts with a 2.87% increase in global primary aluminium production during the same timeframe, reducing Africa’s contribution to global output from 2.26% to...
READ MOREChina’s Ganfeng Lithium has officially commenced operations at its Goulamina lithium mine in Mali, overcoming security concerns, a stringent new mining code, and a global lithium supply glut. Located in the southern Bougouni region, the mine’s first phase began production in mid-December 2024, with an annual capacity of 506,000 tonnes of lithium. The second phase...
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