Sub-Saharan Africa is poised to contribute nearly $2 trillion worth of metals essential for the energy transition by 2050, as projected by the International Monetary Fund (IMF). The IMF’s paper, released on Friday, indicates that the global earnings from mining key metals like copper, cobalt, lithium, and nickel could soar to $16 trillion in today’s dollar value over the next 25 years, based on estimates from the International Energy Agency (IEA). Sub-Saharan Africa’s contribution to this revenue is expected to be around 12%. With the rising demand for minerals crucial for electric vehicles an ..read more

GoviEx Uranium (TSXV: GXU) is in talks with Niger’s military leadership to prevent the potential loss of its Madaouela project license if the mine isn’t operational by July 3. This news led to a significant drop in the company’s shares. On Friday, GoviEx stock plummeted nearly 25% to C$0.095 per share, marking its lowest point in four years and valuing the company at C$82.9 million. Over the past year, the shares reached a high of C$0.22. The current government, which seized power in a coup last July, controls the largest uranium producer in Africa after Namibia and holds a 20% stake in Madaou ..read more

Goldplat PLC on Friday noted the arrival of the diesel generators at our operations in South Africa. The London-based gold miner and producer has recovery operations in Ghana and South Africa, and serves clients in Africa and South America. It said that commissioning will be finalised by the end of April. Operations during the third quarter of its financial year have lost 6% of total operating hours available, it noted. The company’s financial year runs to June 30. It explained that this is “due to electricity supply cuts and infrastructure related issues, lower than the time lost in the previ ..read more

Operations at a Zijin Mining Group Ltd. copper and cobalt mine in the Democratic Republic of Congo (DRC) have been halted due to concerns about elevated radiation levels in its cobalt, according to sources familiar with the situation. The La Compagnie Minière de Musonoie project, also known as COMMUS, has been shut down since earlier this week, the sources said. They requested anonymity because they are not authorized to discuss the issue publicly. Government officials at the COMMUS site are supervising the suspension of production and testing of cobalt shipments that were blocked and returned ..read more

Master Drilling Ghana Ltd, an affiliate of the prestigious Master Drilling Group, has recently formed a key alliance with Pamicor Ltd, a renowned Ghanaian company specializing in development drilling solutions and human resources management for the mining sector. Master Drilling Ghana has built an impressive reputation in Ghana, successfully completing vital projects for leading mining firms. Their projects include ventilation shafts, ore passes, slot raises, dewatering holes, and escape ways. Committed to strengthening its local presence and expanding its service range, Master Drilling Ghana ..read more

The push for critical minerals to support green energy is posing a serious threat to Africa’s great apes, with a recent study revealing that over one-third of these iconic animals are endangered due to mining operations. Published in Science Advances and led by teams from the German Centre for Integrative Biodiversity Research (iDiv), Martin Luther University Halle-Wittenberg, and conservation group Re:wild, the study estimates that nearly 180,000 gorillas, bonobos, and chimpanzees are at risk. “Although these minerals are crucial for clean energy transition, their extraction is leading to inc ..read more

Angola, Africa’s seventh-largest country, is primarily recognized for its significant oil exports, contributing around half of its fiscal revenues. However, recent international attention has shifted towards the country’s largely unexplored mineral wealth, rather than its oil reserves. While Angola boasts a robust diamond mining sector, making up approximately 8% of global production, nearly 60% of its land remains unexplored for minerals and metals. Bryony Richards, an economic geologist from the University of Utah, notes, “Angola is rich in mineral deposits, yet there are few active mines ..read more

Morris, Minn. – Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and handling systems, reports its newly redesigned Chevron Pulley is now available in abrasion resistant (AR) steel. According to the conveyor components manufacturer, the use of abrasion resistant steel in manufacturing of conveyor pulleys enhances their durability, especially in applications handling aggressively wearing bulk materials. This reduces maintenance costs, improves operational efficiency, and ensures consistent performance in demanding environments. In another recent ..read more

Omnia company BME has added another string to its technology bow, filling out its popular AXXIS electronic detonation range with the AXXIS Centralised Electronic Blasting System (CEBS). According to Ralf Hennecke, Managing Director at BME, AXXIS CEBS is another demonstration of the company’s commitment to constantly evolving its technology offerings, to ensure that the latest and best products are available to its customers. “AXXIS CEBS is a premium digital detonator system for initiating explosives, augmenting our popular AXXIS Titanium system for large deep-hole surface operations, and AXXIS ..read more

South Africa’s mining industry has always been an integral part of our country’s economic development.   With various factors affecting the sector’s overall performance, the Mineral Council of South Africa’s latest publication dated February 2024, reported 2023 as the first calendar year of decline since 2015, essentially marking it the largest annual fall since 2009. It is reported that GDP contribution contracted, exports declined, and overall mineral sales were down, Despite this, contribution to the fiscus still grew. As a local manufacturer of premium abrasives, we are well aware of ..read more