The International Chamber of Commerce (ICC) tribunal has delivered a landmark decision rejecting the Democratic Republic of Congo’s (DRC) jurisdictional objections in its ongoing arbitration with Centurion Law Group (CLG). This pivotal ruling allows CLG to move forward with claims…
Sibanye-Stillwater, a leading multinational mining group, has announced a groundbreaking $500 million (R8.8 billion) streaming agreement with Franco-Nevada Corporation. This innovative financing deal secures future streams of gold and platinum from Sibanye-Stillwater’s Marikana, Kroondal, and Rustenburg operations. According to Neal…
Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) has initiated arbitration proceedings against the State of Mali over a dispute regarding its Loulo-Gounkoto mining complex. Operating entities Société des Mines de Loulo SA and Société des Mines de Gounkoto SA have…
In a bold move that could shape the future of South Africa’s development, President Cyril Ramaphosa announced on Monday that the country’s National Dialogue, aimed at addressing critical socio-economic challenges, will begin in early 2025. The President made the statement…
On December 10, 2024, Glencore CEO Gary Nagle met with DRC President Félix Tshisekedi and Prime Minister Judith Suminwa in Kinshasa to reaffirm the company’s commitment to the country’s economic and social development. With over 17,000 employees, Glencore has been…
South Africa’s inflation in November 2024 increased slightly to 2.9% year-on-year (y/y), up from 2.8% in October, but still well below the Reserve Bank’s target range of 3.0%. This outcome was better than FNB’s forecast of 3.2% and market expectations…
South Africa has officially launched its G20 Presidency, beginning with the first of over 130 meetings that will lead up to the highly anticipated G20 Summit in 2025. Held in Johannesburg on Monday, the first G20 Sherpas Meeting was inaugurated…
At least 153 suspected illegal miners were brought to the surface in a dramatic four-day operation at the South Mine in Sabie, Mpumalanga, according to police reports. The operation also recovered the bodies of three deceased individuals. Spearheaded by a…
South Africa and Nigeria are ramping up efforts to elevate bilateral trade and investment, with a focus on key sectors like infrastructure development, creative industries, and tourism. The call for increased collaboration comes as both countries mark 30 years of…
In a significant bust at South Africa’s busiest airport, a 44-year-old female Brazilian drug mule was arrested on Thursday after arriving from São Paulo at OR Tambo International Airport. South African Police Service (SAPS) intelligence intercepted the suspect, discovering cocaine…
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…
