Browsing: Mining

• The global mining industry is changing minerals that drove mining activity and profits are slowly being eclipsed by the emergence of a new class of resources, PWC reports.
• The pursuit of net zero emissions has altered the global mining industry which is increasingly leaning towards the production of minerals used in renewable energy and away from the production of fossil fuels.
• According to PWC Fossil fuels still contribute substantially to global mining companies despite critical minerals taking center-stage.
• Global mining activity despite the threat of global warming is not slowing down. It is to the contrary on the rise as the world looks for ways of reducing carbon emissions.
• At the turn of the millennium the global mining industry was driven by mass urbanization of emerging market economies like China, Brazil, India and Russia this projected to slow down or lose ground to the pursuit of renewable energy sources.

PWC's…

In as far as global trade is concerned Africa has a central role to play. So critical is this role that should Africa be absent from the global trade equation the global economy simply will not prosper. Africa’s mining sector offers in 2022 and going forward a real opportunity for expansion.

Africa’s economic transformation will come from its ability to leverage the comparative advantage position its natural resources offer. Africa needs to become the seventh corridor of the Belt & Road Initiative (BRI). China will be able to enhance its dominance in the global economy if it does more to invest in and develop economic ties with Africa.

Currently the BRI in as far as Africa is concerned restricts the role of Africa to providing access to raw materials.…

• Zimbabwe's platinum resources are out of reach for most of the investing public.
• Platinum is one the largest generators of the foreign exchange for the southern African country.
• Zimbabwe has generated the most income in foreign exchange since 2013 due in large part to high platinum prices.
• There is currently no mechanism for investing in platinum for retail investors in Zimbabwe.
• The Great Dyke in Zimbabwe is the second largest platinum resource in the world.

Zimbabwe's platinum is not for Zimbabwean people. This may at first come across as an outrageous and even preposterous statement however, there is plenty of truth in it. This precious metal has been central to the country achieving a trade surplus as reported in the country's Monetary Policy Statement in February 2022. The southern African country received US$ 9 billion in foreign exchange receipts in 2021 which was a staggering 53.5% higher than the figure…

A report published by Lexology on January 18, 2022, Zimbabwe's economy is largely driven by the mining, agriculture, and tourism sectors. However, because of Zimbabwe's foreign currency shortages, there is a significant focus on export-oriented and foreign currency-generating activities.

This allows investors, businesses, and the government to retain value and meet the country's forex needs. Zimbabwe's main exports are minerals, agricultural produce, and soft commodities. She also has large reserves of chromite, coal, gold, and iron ore, among others. The country is also one of the world's largest growers of tobacco.

According to research by Mordor Intelligence, Zimbabwe is a signatory of several bilateral and international agreements (MIGA, OPIC, ICSID, and UNCITRAL) that protect the investments of the companies in Zimbabwe. Zimbabwe has cheap educated, and competitive labour, well-developed infrastructure, and easy access to regional and global markets through its membership in AU, COMESA, SADC, COPAC, and CISSA. Zimbabwe offers…

• Angola has discovered demanded rare earth minerals for vehicles and wind-farms making
• Angola targets to become the largest diamond producer in the world by 2023
• Gold production is another section Angola eyes to explore

Angola is shaping the face of mining in Africa. It stands out as one of the continent's most vibrant economies working towards diversifying its economy. As one of the leading energy producers on the continent, Angola has a unique potential for minerals mining as well.  Angola is widely known for its vibrant diamond mining operations that pump life into its economy. Angola Exploration Mining Resources, FERRANGOL, Petril Phosphates, Minbos Resources, ITM Mining, Lumanhe, ENDIAMA and Axactor are top miners propelling Angola mining sector to prosperity.

The current government of Angola is striving to observe robust policies and build a strong mining industry to overcome negative effects that may lead to an over-dependence on natural resources. 

The company in 2021 generated profits or EBITDA in the region of US$ 20.6 billion from its specified businesses according to its website. For perspective, this EBITDA figure is about the size of the GDP of Zimbabwe. Shareholders of the company received US$ 6.2 billion in 2021. The strong financial showing according to the company was due to increased production which was up 5% year on year, stronger prices for its products and consequently much higher margins.

Cutifani stressed that the solid numbers produced by his company were not just good for shareholders but were good for all stakeholders and the communities where Anglo operates. The company paid US$ 7.1 billion in taxes in 2021. This number was 89% higher than the figure paid in 2020.

The EBITDA margin achieved in 2021 was 56% which was significantly higher than the 35% achieved the previous year. The high margins had a…