Zimbabwe announces the discovery of light oil condensate and gas in the northern Cabora Bassa basin, signaling a significant leap in the country’s energy sector.
Commodities
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CommoditiesExploration & DevelopmentNews
Harmony Gold’s Bold Expansion: R7.9bn for Mponeng Mine’s Revival
Harmony Gold embarks on a R7.9 billion venture to extend Mponeng Mine’s life, signaling a golden era of sustainable mining and prosperity.
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Facing a severe profit drop, Amplats plans to cut thousands of jobs in a bid to manage costs, signaling tough times for South Africa’s platinum mining sector.
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Lucara Diamond Corp, a Canadian mining company, has announced a new ten-year diamond sales agreement with HB Group, a Belgian diamond processor…
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Zimbabwe’s largest lithium producer, Premier African Minerals, announced on Wednesday that it had secured a $3.15 million funding round to resume operations…
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Adani Group seals contracts for massive copper smelter project, boosting India’s position in the global copper market.
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CommoditiesExploration & DevelopmentNews
Zambia Unveils Massive Copper Discovery, Set to Become Global Player
Groundbreaking discovery propels Zambia to forefront of global copper market.
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Palladium price falls below platinum for the first time in years, signaling a significant change in the precious metals market and impacting key mining companies.
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Glencore, a major player in the global mining and trading sector, has revealed a decrease in its production of essential metals, including copper, nickel, and cobalt, for the year 2023. The company’s announcement comes as it grapples with industry-wide challenges.
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CommoditiesExploration & Development
Alphamin Breaks Tin Production Record Despite Challenges in 2023
Alphamin Resources, a JSE- and TSX-V-listed company, achieved a remarkable feat in 2023 by producing 12 568 t of tin, surpassing its…