Browsing: Mining

• Equity Bank trade mission has attracted a diverse group of entrepreneurs from Kenya, DRC, Tanzania, Zimbabwe, Ethiopia, South Sudan, Poland, Germany, and the U.S.
• Delegates are seeking to establish business footholds in Katanga region, which is known for its significant copper and tin deposits.

A trade mission drawing potential investors from 16 countries is in the Democratic Republic of Congo (DRC) mining-rich Katanga area exploring investment opportunities in the country.

In an update on Monday, one of East Africa’s biggest lender Equity Group said the trade mission comprises of over 50 delegates will be on a week-long exercise to unlock business opportunities, foster economic collaboration, and connect investors with key partners in the mining-rich Katanga region, will also bring together 120 Congolese delegates.

For the first time, the mission will extend to Kolwezi, a key mining hub northwest of Lubumbashi, where most of the country’s mining operations are based. …

• Mineral processing firm Buenassa in the DRC is developing the country’s first integrated copper and cobalt refinery.
• In Mali, Russia’s Yadran Group and a Swiss investor are collaborating with the government in a deal to process up to 200 tonnes of gold per year.
• In Angola, a $5M plant, which is expected to be operational by the end of 2025, will produce 50 kgs of gold per day.

Mineral-rich African nations are fast-tracking the development of refineries and processing plants in a bid to reduce raw exports, boost local beneficiation, and capture greater value from their mineral wealth.

This continent-wide shift toward value-added industrialization will take center stage at the upcoming African Mining Week (AMW) — the region’s leading platform for mining stakeholders.

Held under the theme “From Extraction to Beneficiation: Unlocking Africa’s Mineral Wealth,” AMW will spotlight Africa’s downstream mining ambitions and connect local players with global investors to …

• In the six months to June 30, EU identified four major mining projects in Africa among its 13 globally strategic targets under the Critical Raw Materials Act.
• These projects spread across Malawi, South Africa, Madagascar and Zambia will receive direct EU financing and technical support.
• EU sees Africa as a key supplier of critical raw materials essential to decarbonisation, green technologies, and clean energy value chains.

In the six months to June 30, 2025, the European Union significantly ramped up its financial and technical support for Africa’s mining sector, aligning its foreign investment strategy with the continent’s growing role in the global energy transition. This renewed focus underscores Africa’s vast potential as a supplier of critical raw materials that are essential to decarbonisation, green technologies, and clean energy value chains.

In June, the EU identified four Africa-based initiatives among its 13 globally strategic projects under the Critical Raw Materials Act. …

• Ministers of Mining in Africa are rallying behind progressive policy shifts to empower communities, formalize small-scale mining, and boost local value addition across the continent.
• They note that mining is no longer just about digging minerals out of the ground; it’s about ensuring those minerals translate into schools, roads, clean water, and decent jobs.
• Policymakers note that lasting policy change depends on strengthening institutions, building trust with communities, and ensuring access to capital and training.

Deep inside Africa’s abundant mineral wealth lies a bitter reality: while the continent is home to some of the world’s richest deposits of gold, cobalt, copper, and rare earth elements, much of its population remains disconnected from the value chain and the huge benefits of these natural assets.

At the just concluded Mining in Motion 2025 Summit in Accra, ministers from Ghana, Liberia, Malawi, and the Democratic Republic of Congo (DRC) came together to …

• Montero Mining and Exploration Ltd has received the final $7M installment of a $27M settlement with Tanzania, resolving a long-standing dispute over the expropriation of its Wigu Hill rare earth project.
• While this payment marks the conclusion of the legal battle, Montero noted that final legal costs and expenses must still be determined before net proceeds can be confirmed.
• The company is now evaluating the distribution of funds and expects to provide an update on potential shareholder payments by Q2 2025.

Montero Mining and Exploration Ltd has confirmed receiving $7,000,000, being the final instalment in a US$27,000,000 settlement between the Company and Tanzania. Paid in cash, the final Instalment brings to an end the long standing dispute between the company and the East African country where it has mining operations.

Notably, the amount accounts for approximately 39 per cent of Montero’s initial $70 million claim in a legal battle that …

• Research by the Economic Commission for Africa (ECA) shows that demand for critical minerals will drive the quest to decarbonize economies and to reach net-zero emissions by 2050.
• Africa could be the go to industrialization destination by adding value to the critical minerals on the continent.
• Africa’s commitment to trade-led economic integration should be leveraged to support the development of minerals-based regional and continental value chains and economic diversification.

Africa—rich in critical minerals—will accelerate intra-continental trade and harness its natural resources for sustainable development by rolling out effective trade policies, to benefit from the global rush for green energy transition.

With approximately 30 per cent of the world’s mineral reserves, including cobalt, lithium, and nickel, which are considered essential for the green transition, African countries need to exploit these resources to drive its development, particularly trade and industrialization, experts say.

An Expert Group Meeting (EGM) on Africa’s Critical Minerals in …

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• Legal disputes as Tanzania settled with Winshear Gold Corp Canadian mining company, ending up paying $30 million following a dispute over the expropriation of its SMP Gold project in Southwest Tanzania.
• After breaching treaty Tanzania is liable to pay Australian mining firm Indian Resources Limited at least $109 million in damages.
• Tanzania began taking the trend of legal battles to the mainstream in the past years.

By July 2023, Tanzania had lost five cases related to the bilateral investment treaties, and these cases cost the East African government millions of dollars, according to the Tanzanian Trade and Investment Coalition (TATIC).

For instance …

• DRC Joins the Organisation of Southern Cooperation after depositing the Instrument of Acceptance
• Secretary-General Manssour Bin Mussallam received the Instrument of Acceptance.
• The OSC, aimed at fostering cooperation and development among Southern Hemisphere countries

The Republic of the Congo has consolidated its full membership status of the Organisation of Southern Cooperation (OSC) by depositing the Instrument of Acceptance by Daniel Owassa, Ambassador of the DRC to Ethiopia and Permanent Representative to the African Union.

Secretary-General Manssour Bin Mussallam received the Instrument of Acceptance at a handover ceremony yesterday at the OSC Headquarters in Addis Ababa.

The Republic of the Congo is a founding member of the OSC. The depositing of the Instrument of Acceptance signifies the completion of the full membership process by countries in the Global South.

Read Also: SkyPower, AFC, and DRC join forces for $2.3Bn Green Giant project

H.E. Bin Mussallam said the occasion marked the beginning …

• Thungela Resources Limited has been busy with mergers and acquisitions to grow its geographic footprint and diversify from its pure play coal business.
• The JSE listed miner recently made the news when it agreed to purchase an Australian coal miner called Ensham.
• The acquisition of Ensham is an all cash transaction wherein Thungela is taking a 65% interest. 

The Johannesburg Stock Exchange (JSE) listed pure play coal mining company which was created from the demerger of Anglo American’s coal assets has been on a mergers and acquisitions spree. Thungela announced earlier this month that it had acquired an Australian coal mine. This move has been read by market analysts as a risk mitigation move by diversifying away from South Africa. It also bought out its Black Empowerment partners in a US$ 60 million transaction.

Green Bonds: A possible solution to the Zimbabwe power crisis

On the M&A front, Thungela bought …