The Port of Djibouti has been ranked as the top container port in Africa and 61st globally by the World Bank and IHS Markit’s latest global Container Port Performance Index. The recognition comes amid Djibouti’s US$15 billion investment plan for ports and infrastructure development, as the East...
Ivanhoe Mines has announced it is accelerating the construction and commissioning process at the Phase 1 Kamoa-Kakula copper concentrator plant in the Democratic Republic of Congo (DRC). The target date for C4 commissioning (milling of ore and first copper concentrate production) has been advanced to the...
Latin America-focused Fortuna Silver Mines has announced a cash and stock deal worth US$884.3 million for Roxgold, a gold miner with projects in Burkina Faso and Côte d’Ivoire. TSX-listed Fortuna, which has operations in Peru, Mexico and Argentina, said the combined company would produce about 450,000...
South African Internet of Things (IoT) solutions provider Beyond has agreed to support United Nations Children's Fund’s (UNICEF) global COVID-19 vaccine rollout with its remote temperature monitoring technology. The company has entered into a long-term agreement with UNICEF, who are responsible for distributing vaccines to 92...
South Africa’s MTN Group has valued its mobile money arm at about US$5 million ahead of a potential listing of a minority stake by the telecommunications giant. The valuation comes after Mastercard and TPG Holdings invested $300 million in Airtel Africa’s mobile money business, giving it...
The latest exploration drilling conducted by West African gold producer Perseus Mining has ‘demonstrated potential for organic growth of gold inventories across its multi-mine asset portfolio'. In an update to the ASX, Perseus reported ‘encouraging results’ at the Govisou prospect, located 3 km from its Yaouré...
The Democratic Republic of Congo (DRC) has confirmed that operations have begun at Entreprise Générale du Cobalt (EGC) – an enterprise that aims to oversee the purchase and sales of cobalt produced by artisanal miners. The state-run company was created a year ago to help control artisanal supplies...
South Africa has officially initiated a new round of bidding for 2.6GW of green energy projects under the Renewable Energy Independent Power Producers Procurement Programme (REIPPPP). The long-awaited Bid Window Five of the REIPPPP was opened by South Africa’s Minister for the Department of Mineral Resources...
LSE-listed Capital Ltd has described the current trading conditions as ‘the best in its history’, amid releasing its full-year financial results for the COVID-impacted 2020. The Africa-focused mining services firm said demand for drilling services – its traditional service offering – increased strongly from the last...
The chief executive of Sibanye-Stillwater has floated the idea of South Africa’s biggest mining companies merging to rival the world’s largest gold producers Newmont and Barrick Gold. Neal Froneman said he believed that combining Sibanye with fellow JSE-listed miners Gold Fields and AngloGold Ashanti would be...