Sectors

Mining

New Nickel Price Index Offers Hope for BNC Amidst Industry Challenges

Indonesia, the world's largest nickel producer, has put on hold its plans to impose export levies on nickel products in a bid to create a price index that will help ease the volatility tied to the Lon

May 30, 2023
Zimbabwe
Patchwork Power Solution Provides Fragile Respite as Hwange Unit 7 Joins National Grid

Zimbabwe’s Hwange Power Station Unit 7 has been officially integrated into the national power grid, adding 300MW of electricity generation capacity. This milestone comes after the power plant successf

 May 29, 2023
Companies
Minergy Secures Funding for Resumption of Mining Operations in Botswana

The funding will be used to repay the overdue balances to Jarcon Opencast Mining Botswana (Pty) Ltd, which will enable Minergy to continue operations in a reduced sales environment.

 May 24, 2023
Zimbabwe
Axia Stays Resilient Despite Turbulent Quarter

Axia Corporation released their trading update for the third quarter ended March 2023, demonstrating satisfactory performance despite facing significant exchange rate volatility and economic distortio

 May 22, 2023
Zimbabwe
RBZ lifts "gold mafia" accounts freeze

In concluding, the FIU said it has directed financial institutions to unfreeze all accounts and other financial assets that had been frozen pursuant to the directive of March 31, 2023. The unfreezing

 May 16, 2023
World
Vast Resources Buys More Time to Settle Debt and Historic Claims

The debt owed to Mercuria and Alpha, totalling approximately £7.3m, was due to be repaid on or before Monday 15 May 2023, but the company is working on documentation of an extension until 30 June 2023

 May 15, 2023
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
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
Harmony Gold reports strong operational performance for 9M FY23.

Electricity challenges in South Africa will likely have a significant adverse impact on Harmony's operations in the near term, particularly its cost of production. The country has been experiencing fr

May 10, 2023