Tag: African mining

European Bank for Reconstruction and Development

Business Hot News

EBRD backs Côte d’Ivoire Nickel project with $30 million financing

EBRD commits $30 million to the Côte d’Ivoire Nickel Project, boosting Africa's critical minerals and EV supply chain.

Timilehin Adejumobi June 29, 2026

Business Hot News

Minbos Resources signs $13.8 million deal to advance Angola mining project

Minbos Resources Angola mining project moves closer to production with a $13.8 million contract for final construction.

Timilehin Adejumobi June 24, 2026

Business Hot News

Nigeria’s Deap Capital rebrands as CMFC, targets Africa mining growth

CMFC is expanding Africa critical minerals finance, targeting mining investments, commodities funding and value-chain growth.

Timilehin Adejumobi June 23, 2026

Business Hot News

Vedanta shuts Zambia Copper Smelter for maintenance amid output focus

Vedanta Zambia Copper Smelter enters a 60-day maintenance program as KCM targets higher copper production and growth.

Timilehin Adejumobi June 2, 2026

Business Hot News

Trafigura secures $92 million arbitration award in Zambia mining dispute

Trafigura has grown into one of the world’s largest commodity trading groups, connecting producers and consumers across energy, metals and minerals markets.

Timilehin Adejumobi May 30, 2026

Business Hot News

Kendrick Resources lands $2.3 million to develop Namibia rare earths project

Kendrick Resources raises $2.3 million to accelerate Namibia rare earth drilling and maiden resource estimate.

Timilehin Adejumobi May 26, 2026

Business Hot News

China’s Chalco bets $1 billion on Guinea alumina plant project

China’s Chalco plans a $1 billion alumina refinery in Guinea, deepening Africa’s role in the global aluminum supply chain.

Timilehin Adejumobi May 22, 2026

Business Hot News

Zambia’s ZCCM eyes bigger stakes in Africa’s copper mines

ZCCM seeks larger stakes in Zambia’s copper mines as Africa races to benefit from rising global demand for critical minerals.

Timilehin Adejumobi May 15, 2026

Exxaro seals $660 million manganese deal, lifting South Africa’s supply role

Business Technology

Exxaro acquires South African manganese mines in $660 million deal

South Africa’s mining sector is seeing another major consolidation. Exxaro Resources has completed a R10.6 billion ($660 million) acquisition of manganese assets, expanding its footprint in one of the world’s most important mineral belts. The deal, agreed with Ntsimbintle Holdings and OMH, gives Exxaro full ownership of Ntsimbintle Mining and a controlling interest in the Tshipi Borwa Mine. The transaction…