BHP, the world’s biggest miner, would need to offer a minimum 40% premium over Anglo American’s share price to make a renewed takeover bid now the rival’s value has been boosted by asset sales, two sources close to the matter told Reuters.
Category: Mineral Extraction
First shipments of graphite concentrate from Madagascar mine to Germany, US
NextSource Materials, a company listed on the Toronto Stock Exchange, has announced its first commercial shipments of graphite concentrate from the Molo graphite mine in […]
CMA 2024 Summit to Explore China’s Expanding Role in Africa’s Copper Industry
The Critical Minerals Africa (CMA) 2024 Summit will explore China’s growing influence in Africa’s copper industry, highlighting major investments in mining projects across the continent. With over $50 billion in pledged financing, China is helping Africa boost its copper production to meet global demand for energy transition minerals. The summit, taking place November 6-7 in Cape Town, will bring together industry leaders to discuss the future of African mining and its impact on the global supply chain.
Zambia’s Proposed Minerals Law Risks Undermining Copper Investment and Production Goals, Industry Experts Warn
Zambia’s new Minerals Regulation Commission Bill, designed to increase government control over mineral resources, is raising alarms in the mining sector. Industry experts warn that the bill’s provisions, including potential forced state acquisitions, could deter foreign investment and jeopardize the country’s goal of boosting annual copper production to 3 million metric tons. As Zambia strives to position itself as a leading copper producer, the proposed law may inadvertently create new challenges in attracting and retaining essential investments.
Karowe Diamond Mine Expansion Faces Challenges
Beneath Botswana’s Karowe mine, a delayed underground expansion reveals hidden challenges and delayed fortunes. Lucara Diamond Corp’s vision faces an 18-month setback and a 25% cost surge, yet hopes remain high for the mine’s promise of extraordinary gems.
Gold Mining in Africa
The gold mining industry in Africa is a vital sector that contributes to employment, economic growth, and the development of local communities. With abundant reserves and ongoing investment, African gold mining continues to play a significant role in the global gold market. We hope this resource has provided you with valuable insights into the world of gold mining in Africa.