News
Chile's copper output, manufacturing production plummet in May
2+ hour, 8+ min ago (154+ words) Manufacturing production in Chile posted its largest decline in over three years in May, weighed down by weak data from the fishing industry, data from the statistics agency INE agency showed on Tuesday. The country's manufacturing output was down 7. 2% in…...
Savannah to resume lithium work after 3-week halt as Portugal backs project
1+ day, 5+ hour ago (261+ words) London-listed Savannah Resources will resume work on its lithium project in Portugal, it said on Monday, after the government declared it of national and European significance and lifted a three-week suspension triggered by a court injunction. Resources at the Barroso…...
Zimbabwe's state gold miner plans to double output by 2029 as expansion projects take off | Kitco News
2+ week, 4+ day ago (292+ words) Zimbabwe's state-owned gold mining company Mutapa Gold Resources plans to double its annual output to 220, 000 ounces by 2029 after securing funding for an expansion project, according to production reports made available to reporters on Friday. Mutapa, the country's biggest gold producer,…...
Zimbabwe moves to regulate cryptocurrency sector
2+ week, 4+ day ago (299+ words) HARARE, June 12 (Reuters) - Zimbabwe's government said on Friday it will require cryptocurrency businesses to register and pay annual fees, "as it seeks to bring the largely informal market under regulatory "oversight. Businesses involved in buying, selling, transferring or safeguarding virtual…...
South Africa proposes extending auto incentives to battery materials
3+ week, 3+ hour ago (261+ words) South Africa plans to add to its automotive incentive program minerals used in the manufacturing of electric vehicle batteries to boost local EV production and support related supply chains. The government is reviewing its automotive policy to address the global…...
China-backed South African platinum project to cut 70% of workforce
3+ week, 5+ day ago (277+ words) Wesizwe Platinum will lay off nearly 500 workers, or around 70% of the workforce, at its Bakubung mine in South Africa, it said on Thursday, as it shifts from phased development of the delayed project to a single-stage ramp up. While South…...
Zambia extends duty-free copper concentrate export duty waiver amid smelter outages
3+ week, 6+ day ago (215+ words) Zambia has extended the suspension of a 10% duty on copper concentrate exports to September 30, to help clear stockpiles of unprocessed material as the country's major smelters undergo extended maintenance and repairs. Zambia mostly exports its copper in the form of…...
Zambia's ZCCM-IH partners with Chinese firm to build 600 MW coal plant
4+ week, 1+ day ago (207+ words) Zambia's ZCCM Investments Holdings has agreed a deal with Chinese-owned Wonderful Group Services to build a 600 megawatt coal-fired power station at an estimated cost of nearly $452 million, the state-backed investment company said on Monday. The plant will be developed in…...
Eskom says regulator approves discounted power tariff for ferrochrome smelters
4+ week, 1+ day ago (225+ words) South African utility Eskom on Friday said regulator Nersa has approved an interim discounted power tariff for struggling ferrochrome producers Samancor Chrome and a joint venture between Glencore and Merafe Resources. A Nersa spokesperson confirmed the tariff at 0. 62 rand ($0. 0383) per…...
EU starts first investment roadshow in South Africa targeting minerals
4+ week, 1+ day ago (349+ words) Some 200 companies attended a European Union investment roadshow in South Africa on Monday, vying for a slice of "12 billion ($13. 98 billion) in investments the bloc has pledged amid global rivalry over critical minerals. The EU's first investment roadshow, hosted at the…...