Africa Top Stories

Gemfields warns of $2.8 million loss on write-down

Weak PGMs prices forced Gemfields to cut the value of its Sedibelo investment, which will result in a write-down ranging between $4 million and $28 million.

Cecilia Jamasmie | March 22, 2024 | 4:01 am

Lucapa finds Lulo mine’s fifth-largest diamond

The 203-carat, type IIa diamond is also the third 100-carat-plus…

Cecilia Jamasmie | March 21, 2024 | 5:35 am

Centamin annual profit boosted by soaring gold prices

Centamin said it had “re-positioned” its Sukari gold mine in…

Cecilia Jamasmie | March 21, 2024 | 3:51 am

Barrick looks to explore new gold, copper deposits in the DRC

Last year, Barrick said it intended to search for additional…

Staff Writer | March 20, 2024 | 9:30 am

Zimplats to offer voluntary job cuts after platinum price rout

Zimplats did not say how many of the 8,000 permanent…

Reuters | March 20, 2024 | 7:28 am

Coal, oil, gas resources should remain in the ground to reach Paris Agreement goals – study

In a paper published in the journal Nature Communications, UB scientists present a global atlas of unburnable oil.

Staff Writer | March 19, 2024 | 6:06 am

AngloGold Ashanti maintains output forecast after flooding at Australia mine

The company says it expects to meet its output target of up to 2.79 million ounces this year despite flooding at the Tropicana mine.

Reuters | March 19, 2024 | 5:50 am

Dirty gold can still slip into London market, rights groups say

Refineries vetted by the London Bullion Market Association (LBMA), which sets standards for the world’s gold markets, said to be sourcing ore from “questionable suppliers and mines”.

Reuters | March 19, 2024 | 3:09 am

Barrick opens training academy at Buzwagi mine in Tanzania

The Barrick Academy will be training more than 2,000 foremen, supervisors and superintendents from the Africa and Middle East region in the next 24 months.

Staff Writer | March 18, 2024 | 3:31 pm