Lagos — Led by Endeavour Mining’s $1.86bn acquisition of Teranga Gold, North America’s metals & mining industry saw a drop of 6.98% in cross border deal activity during Q4 2020, w... Read more
Lagos — After strong growth in 2019, West Africa’s gold production was badly hit by the COVID-19 pandemic in 2020, owing to the temporary suspension of mines such as Hounde in Burkina... Read more
Mkpoikana Udoma Port Harcourt — As a way of reducing the economic impact of COVID-19 pandemic on the citizens, the Federal Government has formalized plans to set up barite processing p... Read more
Paris — The French central bank said on Monday it would exit from coal and limit exposure to gas and oil in its investment portfolio by 2024 as part of a shift towards more environment... Read more
Lusaka — Zambia’s state mining investment arm ZCCM-IH has agreed to buy Glencore’s majority stake in Mopani Copper Mines in a $1.5 billion deal funded by debt and will seek a new inves... Read more
Lusaka — Zambia paid 8.5 billion kwacha ($400 million) in value-added tax refunds to mining companies last year, the head of the tax authority said on Wednesday, equal to about 3.5% of... Read more
News wire — China aims to build one or two globally significant overseas iron ore mines by 2025 to boost supply of the steelmaking ingredient and strengthen its pricing power, the indu... Read more
News wire – Copper, aluminium, zinc, nickel and tin are up by between 12% and 27% in 2020, with several near multi-year highs. Lead has lagged, up by only around 2.5%, according to Reuters r... Read more
News wire — AngloGold Ashanti said on Friday costs and production are on track to meet its guidance, and expects the 2020 free cash flow generation to be the strongest in almost a deca... Read more
News wire — Global demand for coal is set to jump 2.6% next year after a record pandemic-led drop this year, as recovering economic activity will lift use for electricity and industria... Read more
