South African gold mining giant, Gold Fields Limited, has announced a major boost in its earnings for the first half of 2025, with profits more than tripling compared to the …
AfricaBusinessCommoditiesEconomyINVESTMENTMining
Category:
Mining
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AFRICA NEWSBusinessEconomyEnvironmentInternationalMiningUncategorized
Morocco Appoints Arbitrator in $2.2 Billion Emmerson Mining Dispute
Morocco has taken a fresh step in its $2.2 billion legal dispute with British mining company Emmerson Plc after appointing Professor Zachary Douglas KC as its representative in an ongoing …
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AfricaBusinessEconomyINVESTMENTMiningNews
Saudi Consortium Gets Approval to Acquire Barloworld in R23 Billion Deal
A consortium led by Saudi Arabia’s Zahid Group has received the green light from South Africa’s Competition Tribunal to acquire Barloworld in a deal worth R23 billion. The transaction, which …
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AfricaBusinessCorporate AffairsEconomyINVESTMENTMining
Hilmax Returns Strong with New Investors, Sets Eyes on Expanding Zimbabwe’s Mining Sector
Hilmax Engineering, one of Zimbabwe’s leading engineering service providers to the mining industry, has staged a remarkable comeback after facing a serious survival battle last year. For more than a …
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AfricaCommunity DevelopmentEconomyLabourMining
Diamond Union Fights to Save Jobs as ZCDC Retrenchments Spark Backlash
The crisis in Zimbabwe’s diamond industry has deepened as the Zimbabwe Diamond and Allied Minerals Workers Union (Zdamwu) mounts a last attempt to stop massive retrenchments at the Zimbabwe Consolidated …
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AfricaBusinessEconomyEnergyMining
Egypt Saves $3.6 Billion on Fuel Imports as Domestic Energy Production Rises
Egypt has announced that it successfully saved about $3.6 billion in fuel import costs during the 2024/2025 fiscal year, thanks to a boost in local energy production. The Minister of …
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BusinessEconomyMiningOil & GasPolitics
Key Economic and Political Events Set to Shape African Markets on Thursday
Several economic indicators, company announcements, debt and currency market developments, and political events are expected to influence African markets on Thursday, with movements already being seen across global markets, commodity …
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Business and EconomyForeign AffairsINVESTMENTMiningNatural ResourcesNews
De Beers Discovers First New Kimberlite Field in Angola After 30 Years
De Beers, the global diamond giant, has made a significant discovery in Angola—its first kimberlite field in three decades. The announcement came on Tuesday, August 12, 2025, from the company’s …
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CurrencyDigital EconomyEconomyMarketsMiningSouth Africa
South African Rand Holds Steady Ahead of Mining and Unemployment Data Release
The South African rand remained stable in early trading on Tuesday as investors awaited key domestic economic data. At 6:18 a.m. GMT, the rand was trading at 17.74 to the …
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BusinessEconomyEnergyInternationalLegal AffairsMining
Peabody Faces August 19 Deadline to Decide on $3.78bn Bid for Anglo American’s Australian Coal Mines
Peabody Energy, a mining company based in the United States, is expected to announce on August 19 whether it will continue with its $3.78 billion bid to buy Anglo American’s …