Uncertainty in West Africa’s Mining Sector as Arrests Rattle Western Companies

Uncertainty in West Africa’s Mining Sector as Arrests Rattle Western Companies

The arrest of mining executives in Mali, threats to strip permits in Burkina Faso, and the seizure of a French-run uranium site in Niger have raised concerns among Western miners in West Africa, according to Reuters' reports. While day-to-day production has largely continued in Mali and Burkina Faso, the escalating tensions are expected to impact firms seeking financing and insurance. This uncertainty could hamper supply growth in Africa's […]

December 12, 2024 8

Business / Economics

2024 Producer Price Index Update Reveals Mixed Sectoral Trends

The Producer Price Index has been rebased to 2022, offering more accurate insights into the nation's economic trends. The new reference period, set for June , highlights a shift in price movements across sectors, with mining showing growth year-on-year, but a slight quarterly contraction. Meanwhile, manufacturing saw modest price reductions overall, though dairy and fish processing experienced notable increases. The updated PPI will provide businesses and policymakers with a clearer […]

November 22, 2024 12

Environment

Conservancies protest mining in Rhino sanctuary

Conservancies affected by the recent mining activities have been granted approval to hold a peaceful demonstration at the Ministry of Environment, Forestry, and Tourism offices today. They will hand over a petition to the Executive Director of the Ministry against mining in their rhino sanctuary. Here is Laurencia Naobes the Manager for Uibasen-Twyfelfontein Conservancy.

October 24, 2024 23

Africa

China’s interests in Africa are being shaped by the race for renewable energy

By Lauren Johnston, University of Sydney China-Africa relations have deepened over the past two decades, characterised by increased economic cooperation, investment and infrastructure development. China is now Africa’s largest trading partner, with partnerships focused on building roads, railways and energy projects. As the ninth Forum on China–Africa Cooperation (FOCAC) kicks off this week in Beijing, a new, green theme is shaping their relationship: the global renewable energy race. […]

September 2, 2024 22

Namibia

Agriculture ministry unopposed to uranium mining at Leonardville

By Ellen Shihepo, via News on One The Ministry of Agriculture, Water, and Land Reform (MAWLR) does not oppose uranium mining by Rosatom’s Uranium1 in Leonardville. Agriculture Minister Carl Schlettwein, however, emphasised the need for further research before drilling can be approved. Schlettwein, during a community engagement in Leonardville this week, acknowledged the potential economic benefits that uranium mining could bring to the region. However, the ministry's lack […]

August 18, 2024 31

Namibia

Mining Sector Boosts Revenue and Employment

Vice President, Netumbo Nandi-Ndaitwah announced at the mining expo in Windhoek that the mining industry’s contribution to government revenue surged from N$ 4.4 billion in 2022 to N$ 6.8 billion in 2023. Mining remains the top sector for job creation in Namibia. She emphasized the benefits of refining domestic oil to lower costs and highlighted Namibia's significant uranium production, which is driving new projects. Nandi-Ndaitwah also noted progress in local […]

August 8, 2024 18

2

Business / Economics

Trustco’s Meya Mining Investment confirms $763 million diamond resource

Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […]

June 5, 2024 78 2

Local

TRUSTCO shares surge 49% following positive trading update

Trustco continues to demonstrate its ability to generate above-average investment returns. During the interim review period, Trustco's Net Asset Value (NAV) increased by 9.5% from NAD 1.15 billion (USD 62 million) to NAD 1.26 billion (USD 68 million) during the last six months. The NAV per share similarly grew to 128.2 cents, from 117.1 cents. The Group's profit for the 6 months ended 29 February 2024 […]

May 31, 2024 9

Africa

Ghana’s forests are being wiped out: what’s behind this and why attempts to stop it aren’t working

By John Tennyson Afele, Kwame Nkrumah University of Science and Technology (KNUST) Ghana has around 7.9 million hectares of forested land (35% of the total land area), according to the Food and Agriculture Organization. Around 7.6 million hectares are primary or naturally regenerated forest, and around 297,000 hectares are planted forest. In 2022, Ghana lost 18,000 hectares of primary forest, a nearly 70% increase from […]

May 15, 2024 33