South Africa has received a crucial loan of 7.6 billion rands (approximately $420 million) from the French Development Agency (AFD) to support its Just Energy Transition (JETP) program. This funding aims to reduce the country’s dependence on coal, while minimizing…
In October 2024, the Kamoa-Kakula mining complex in the Democratic Republic of Congo (DRC) achieved a remarkable milestone, reaching a record monthly production of 41,800 tons of copper concentrate and a record milling of 1.2 million tons of ore. This…
In a pivotal address at the G20 summit, President Cyril Ramaphosa underscored South Africa’s commitment to a fair and inclusive transition towards renewable energy, emphasizing the importance of safeguarding jobs and livelihoods while embracing a greener economy. Speaking in Rio…
South Africa’s power utility giant Eskom achieved a major milestone as S&P Global Ratings upgraded its credit ratings from stable to positive, marking a significant turnaround in its financial trajectory. The upgrade of Eskom’s global scale foreign and local currency…
The Kipushi Mine, renowned for its ultra-high-grade zinc, copper, lead, and germanium reserves, officially reopened on November 17, 2024, following a grand ceremony led by President Félix Tshisekedi of the Democratic Republic of the Congo (DRC). This milestone event brought…
In a dramatic turn of events, Barrick Gold Corporation, a cornerstone of Mali’s gold mining sector, finds itself entangled in a high-stakes legal and diplomatic dispute. Four employees from its Loulo-Gounkoto mining complex have been detained by Malian authorities, charged…
In a decisive move to address the economic challenges facing South Africa, Finance Minister Enoch Godongwana has unveiled the 2024 Medium Term Budget Policy Statement (MTBPS), projecting real GDP growth at a modest 1.1% for 2024, with an average of…
In an unprecedented move, the Investing in African Mining Indaba 2025, set to take place from February 3–6 at the Cape Town International Conference Centre, will spotlight the voices of indigenous peoples and mining communities. This marks a transformative shift…
On November 20, 2024, the Southern African Development Community (SADC) announced a significant one-year extension for the South African-led Military Mission in the Democratic Republic of Congo (DRC), known as SAMIDRC. The decision, made during an extraordinary summit in Harare,…
A new power update report reveals that Eskom has achieved an unprecedented milestone: 240 consecutive days without loadshedding since March 26, 2024, saving R16.33 billion in diesel costs compared to the R22.94 billion spent during the same period last year.…
