Eight survivors and 24 dead bodies have been pulled out of a flooded Zimbabwe gold mine in another disastrous incident for the mining industry, following last month’s dam collapse at a mine in Brazil which killed over 300. It is thought that around 70 miners were...
South Africa could lose all but one of its gold mines along with 150,000 mining jobs if Eskom is granted permission to enact a 15% per year tariff increase over the next three years, according to Minerals Council SA. The council’s chief economist Henk Langenhoven warned...
Patrick Pouyanne, chief executive of French oil giant Total, has revealed the company will approve plans to proceed with the Ikike project in Nigeria in the coming months. The 60,000 barrels per day (bpd) offshore facility is one of several projects owned by Total in Nigeria....
November 2018 saw African airlines post growth in passenger traffic according to data from the International Air Transport Association (IATA), despite a challenging business environment. African carriers recorded a 5.7% increase in passenger demand compared to the same period in 2017, although this was down from...
Rwanda has been named the best country in Africa for doing business by the 2019 World Bank Ease of Doing Business report, in conjunction with Africa.com. The East African nation’s economy is expanding on par with the fastest in Africa, with an average annual growth rate...
Barrick Gold Corp, the world’s largest bullion miner, officially began trading as a merged entity with Randgold Resources on Wednesday, after the US$18.3 billion mega-deal gained final approval last month. The company’s shares will be traded on the New York Stock Exchange under the ticker GOLD,...
The UK government has announced that an additional £100 million has been made available to fund up to 40 new renewable energy projects in Africa over the next five years. The funds will go towards the Renewable Energy Performance Platform (REPP), which was set up in...
South Africa’s economy grew by 2.2% in the third quarter of 2018, thus lifting the country out of recession after recording a 0.4% contraction in the previous quarter of the year. Latest quarterly data revealed that manufacturing and agriculture were key contributors to South Africa’s better...
Four emerging African technology businesses will be given the opportunity to pitch their innovative industry solutions at the 2019 Investing in African Mining Indaba through Australian incubator firm Unearthed Solutions. Unearthed has partnered with the Mining Indaba to create Startups Unearthed Africa, an online competition aimed...
East Africa has emerged as the strongest performing region on the continent for foreign direct investment (FDI), after recording an 82% increase in FDI projects in 2017. EY Global’s 2018 Africa Attractiveness report found that the region accounted for 30% of the continent’s total new FDI...