Monday , February 17 2020
Home / Africa

Africa

Governments invest more in Mining Indaba

Organisers of the Mining Indaba have revealed that governments are leading the way in investing at the mining jamboree. Forty countries were represented at this year’s Investing in African Mining Indaba to promote the continent’s mining sectors to a global audience of investors, suppliers and other key stakeholders. According to …

Read More »

2020 will likely be a turning point for sustainable finance in Africa’s mining sector

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa. The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining …

Read More »

UK-AFRICA SUMMIT: Britain makes a small first step towards green technology

Climate campaigners have described the announcement by the British government to suspend financial support for thermal coal as a “small first step.” The British Prime Minister, Boris Johnson announced at the inaugural UK-Africa summit that the government will suspend financial support for thermal coal as part of efforts to present …

Read More »

Revitalizing economic ties top of agenda at the UK-Africa summit

African Development Bank President Akinwumi  Adesina is expected in London for the UK-Africa Summit, an investment summit aimed at forging new partnerships under the theme: ‘Partners for prosperity.’ The summit is being convened by Prime Minister Boris Johnson and kicks off on January 20th . According to a statement, a …

Read More »

Africa must benefit the most from mineral wealth-Ramaphosa

President Cyril Ramaphosa says the time has come for Africa to benefit from its mineral wealth and be a producer of value-added goods. The President made the impassioned plea during the opening ceremony of the second Africa Investment Forum at the Sandton Convention Centre in Johannesburg. Approximately 2 000 delegates …

Read More »

Russia Digitalises Africa’s Mining Sector to Increase Output

Russian companies have offered African countries solutions based on the internet of things (IoT) and artificial intelligence (AI) to boost mining production. The offers follow the realisation that traditional means are becoming increasingly expensive, with productivity falling due to technical maintenance costs, unreliable equipment, reactive troubleshooting, a lower equipment utilisation …

Read More »

Rio Tinto completes divestment of Rössing uranium stake

Rio Tinto has sold its entire 68.62% stake in the Rössing uranium mine for an initial cash payment of $6.5 million plus a contingent payment of up to $100 million. The $100 million contingent payment is linked to uranium spot prices and Rössing’s net income during the next seven calendar …

Read More »

Confidence in the diamond sector

By Jonathan Kendall* I have previously discussed how vital confidence is if you are to succeed at any and all stages of the diamond value chain, and to maintain confidence requires expertise, innovation and hard work. In the diamond sector, this has never been truer than it is today. Across …

Read More »

Temporal ablutions for Qalani learners-Kangra Coal

Learners at Qalani Primary School in Saul Mkhizeville of South Africa have joyously welcomed the temporal ablution facilities provided by Kangra Coal. The subsidiary of Menar has provided safe temporary ablution facilities at Qalani Primary School to ensure its students are able to learn in a safer and healthier schooling …

Read More »

Gold smuggling a drawback to Africa

A news agency recently carried out an investigation on the billions of money being lost from Africa resulting from gold smuggling. According to the report by news agency Reuters, billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates (UAE) in …

Read More »