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Rare earth market holds its breath as Greenland votes against mining

An election in Greenland that could have changed the face of the global rare earth market has been won by a party opposed to mining the valuable commodities. With 36.6 percent of the vote, the left-wing environmentalist...

Oil and gas deal strategic: President

Government has made considerable progress in delivering on developmental projects and other election promises outlined in its manifesto despite disruptions caused by the coronavirus pandemic, President Mnangagwa has said.In his keynote address to the first session...

Exploration boom in West Africa challenged by lack of services

The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing global demand for metals needed for electric vehicles and renewable...

Iron ore price drops sharply on weak Chinese demand concerns

Iron ore prices tumbled on Monday, dragged down by concerns over weak demand for the steelmaking ingredients, as markets eyed the possibility of further production cuts in the top steel-producing city of Tangshan.China’s top steelmaking city said...

Cobalt, nickel free electric car batteries are a runaway success

A year ago, Tesla surprised the electric car industry when it announced some Model 3s made in its Shanghai factory will be equipped with lithium iron phosphate (LFP) batteries made by China’s Contemporary Amperex Technology (CATL). While cheaper to...

Royalties, cash import costs fuel gold smuggling

Fidelity Printers and Refiners (FPR) is paying artisanal and small scale miners on the spot gold  at prevailing world prices but deducting royalties and costs of importing cash into the country which is forcing players to...

Zim’s gold loses glitter, plummeted 46 percent

Zimbabwe’s gold export receipts plummeted 46% to record US$53.1m in January 2021 from US$98.1m during the same month last year due to delays in payments and heavy rains, the Reserve Bank (RBZ) has said.With heavy rains,...

Chinese company to build iron ore mine, steel plant from May

China's Tsingshan Holding Group is set to start developing an iron ore mine and a carbon steel plant in Zimbabwe from May,  Information and Publicity Minister Mrs. Monica Mutsvangwa said late on Tuesday, three years after...

Bloody confrontation fermenting between locals and Chinese Miners

There is likely to be a bloody fight between the Chinese in the mining sector and locals if the government does not address rampant abuse allegations against Chinese employers on their employees in the mining sector,...

In 2020, Ghana’s mines produced 140 metric tons of gold.

China, Australia, Russia, and the United States are some of the largest producers of gold in the world. Global production of gold reached approximately 3,200 metric tons in 2020. Production in China has increased from 320...

Two Chinese firms eye Zisco

Two Chinese steel giants including state-owned Tisco have carried out preliminary due diligence on the Zimbabwe Iron and Steel Company (zisco),  as the Government steps up efforts to revive once Africa’s largest integrated steelworks. Four potential investors...

Rare earth, uranium miners benefit from EV mania and dash of ESG

Rare earth miners and uranium producers are reaping rewards from the flood of money pouring into electrification and ESG investing themes. Lithium producers have been more traditional beneficiaries of EV and the green energy push. But more recently, rare...

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