Anglo American rejects BHP offer, again

Anglo American rejects BHP offer, again

Anglo-American has rejected a third takeover proposal from BHP Group that valued the company at $49.18 billion but agreed to a one-week extension for its rival to table a binding offer. Cirrus Capital Economist Robert McGregor helps make sense of the deal.

May 23, 2024 61

Africa

Nigeria revokes dormant mining licences, opens opportunity for investors

Nigeria's government has revoked with immediate effect, 924 dormant licences across four sectors in the mining industry. It has also invited investors to freely apply for the affected licences which it says will be offered on a "first come, first served" basis.

April 25, 2024 25

Business / Economics

B2Gold Otjikoto mine to retrench 300 workers

B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […]

April 24, 2024 115

Business / Economics

South Africa’s $26.3 million new mining fund sets stage for exploration boom

By Bonface Orucho, via bird story agency South Africa is charting a new course for its mining industry, betting on local and junior miners to identify and unlock greenfield mines as the country pursues higher sector prosperity. The country has introduced a new US$26.3 million (R500 million) mining exploration fund for local and junior miners, aiming to tap into the rising global demand for minerals. South Africa’s […]

February 8, 2024 21

Business / Economics

Uranium one withdraws case against water ministry

The Uranium One Group has withdrawn its case against the water ministry for not issuing exploration drilling permits to the company but remains confident its project will be safe and beneficial to Namibia. Here is Uranium One spokesperson Riaan van Rooyen.

January 23, 2024 21

Africa

DRC elections: three factors that have shaped Tshisekedi’s bumpy first term as president

By Reuben Loffman, Queen Mary University of London Africa’s second-largest country by land mass, the Democratic Republic of Congo (DRC), is scheduled to go to the polls on 20 December 2023. President Felix Tshisekedi will be seeking re-election. However, his first tenure has been decidedly mixed. Tshisekedi’s first term has been defined by three major factors: questions over the legitimacy of his 2019 election victory, violence in eastern DRC and the […]

December 7, 2023 8

Africa

African countries lost control to foreign mining companies – the 3 steps that allowed this to happen

By Ben Radley, University of Bath Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by European mining corporations. Since the 1990s, transnational corporations have once again become the dominant force as owners and managers of major mining projects. Ben Radley has researched economic transformation in central Africa, with a particular focus on resource-based industrialisation. He […]

December 4, 2023 9