Companies
Rare Earth Element Bonanza in Zambia: Prospect Resources secures Option for 51% in prospective REE project
The Kesya Project includes a large-scale exploration license where previous geological mapping and sampling has identified a large rare earth element (REE)-enriched carbonatite intrusion. Rock chip sa
May 15, 2023
Companies
Lucara's Underground Challenge: Early Delays and Diamond Pricing Woes Test Expansion Vision at Karowe
According to GlobalData, Botswana is the world's second-largest producer of diamonds, with output of 24,810kct in 2022, up by 8% on 2021. Over the five years to 2021, production from Botswana decrease
May 15, 2023
Companies
Zambia Forestry Corp. Delivers Resilient Financial Performance in Challenging Times
The corporation generated a total revenue of ZMW386 million ($21.9 million) from the sale of roundwood and treated poles compared with ZMW366.6 million ($20.7 million) in 2021, representing an increas
May 10, 2023
World
Strategic Growth and Diversification: Sibanye's Q1 2023 Performance and Key Projects in Zimbabwe and Europe
One of the key projects that Sibanye is advancing is the Keliber lithium refinery project in Europe. The construction of the refinery commenced in March 2023, and the project is set to supply regional
May 10, 2023
World
Zimgold's Plan to Boost Local Sourcing in Zimbabwe's Oil Industry: Company Aims to Raise US$5 Million through the private placement of a Commercial Paper
Zimgold aims to raise US$5 million through the private placement a commercial paper to fund local sourcing of soya beans and sunflower seeds. The limited quantities of oilseed production in Zimbabwe h
May 08, 2023
World
Commodities Perspective Corner: Ukraine Grain Deal with Poland Provides Lifeline but Concerns Remain for African Importers
Ukraine recently struck a deal with Poland to resume grain exports overland after a temporary ban. While this provides a lifeline for Ukraine to export its grain, the fate of its seaborne exports from
Apr 20, 2023
World
EasyEquities Partnership With GCash to Bring US Stock Trading to 70 Million Filipinos
EasyEquities will launch a fantasy investment game on GCash in June 2023 to educate and familiarize customers with US stock trading before offering real trading. This strategy proved successful when E
Apr 20, 2023
World
Erosion of Value in Zimbabwe: Hyperinflation and Exclusion from Old Mutual Limited's Key Performance Metrics - Old Mutual Limited Releases 2022 Integrated Report
The value of the business in Zimbabwe is reduced to zero in Group equity value due to the continued impact of hyperinflation on the Zimbabwean economy. However, the Zimbabwe business remained profitab
Apr 18, 2023
World
Tharisa's Operational and Market Updates: Karo Resources' Development and Zimbabwe's PGM Potential
Tharisa, the South African chrome and platinum group metals (PGM) miner, recently announced its operational and market updates for the second quarter of its financial year. The company's CEO, Phoevos
Apr 14, 2023
Top Stories
National Foods Defy Odds: Earns Over US$100M Revenue in Just 3 Months, Despite Changes in VAT, Power Woes
National Foods, the country's leading food producer, achieved a remarkable milestone, surpassing the US$100 million mark in just three months of FY2025 (Q1), despite challenges posed by power outages
Nov 19, 2024