Zimbabwe delivers 26 tonnes of gold in seven months as June peaks
Zimbabwe's gold deliveries reached 26.05 tonnes in January to July 2026, ahead of 24.31 tonnes a year earlier, with small-scale and artisanal miners supplying 18.4 tonnes.
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Roy Mulenga
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Kumba agrees year-long supply deal with China's state iron ore buyer
Kumba Iron Ore will supply iron ore to steel mills in the China Mineral Resources Group network from April 2026 to March 2027, under a contract Bloomberg estimates could cover 8 to 10 million tonnes.
Exxaro warns of up to 23% earnings fall despite stronger coal exports
Exxaro Resources flagged a fall of up to 23% in headline earnings for the first half of 2026, even as its coal exports rose 15% to 3.94 million tonnes on firmer thermal coal prices.
Gold sales jump 126% as mineral sales hit R86.1bn in June
South Africa's mineral sales rose 27% year-on-year to R86.1bn in June 2026, Stats SA data published on 14 August showed, with gold sales up almost 126%.
AngloGold Ashanti shares surge 26% in the week after H1 results
AngloGold Ashanti's share price rose 26% in the week following its H1 2026 results, reaching about $121, as EBITDA surged 82% to $4.265bn on high gold prices.
China's central bank buys gold for a 21st straight month
The People's Bank of China added 20 tonnes of gold to reserves in July 2026, its largest monthly addition since late 2023, World Gold Council data published on 14 August showed.
Sibanye-Stillwater's Stewart bets the company's future on South African PGMs
Sibanye-Stillwater chief executive Richard Stewart has pivoted the group away from its earlier global diversification strategy back toward its South African PGM operations and a planned doubling of chrome output.
Gold sales more than double in June, lifting South African mineral sales 27%
South Africa's gold sales rose 125.7% year on year to about R20.7bn in June 2026, according to Stats SA, making gold the largest contributor to a 27.2% increase in total mineral sales.
Mining output falls 4% in June as PGMs, coal and iron ore all decline
South African mining production fell 4% year-on-year in June 2026, Stats SA data published on 13 August showed, worse than the 3.3% decline analysts had forecast.
Kobaloni targets Europe with Africa's first large-scale cobalt sulphate refinery
Kobaloni Energy is developing a 6,000-tonne-a-year cobalt sulphate refinery in Zambia aimed at European battery makers, positioning it as Africa's first large-scale plant of its kind.
Southern Palladium wins 30-year mining right for Bengwenyama PGM project
South Africa's mineral resources department has granted Southern Palladium a 30-year mining right for the Bengwenyama PGM project, next to the Modikwa mine, clearing the way for early works.
Merafe profit more than doubles despite ferrochrome output falling 75%
Merafe Resources reported first-half 2026 profit of R512m, more than double the previous year, as a 75% jump in chrome ore sales and firmer prices offset a 75% fall in ferrochrome production.
Osino's Twin Hills gold mine takes shape as Namibia awaits first pour
Construction of Osino Resources' Twin Hills gold mine in central Namibia is well advanced, with the company's country director targeting a first gold pour around August 2027.
Lumwana revenue jumps 32% in first half as Barrick keeps expansion on track
Barrick's Lumwana mine earned $852m in revenue in the first half of 2026, up from $645m, and the company said its $2bn Super Pit expansion remains on time and on budget.
Caledonia profit rises 27% as it lines up $150m interim loan for Bilboes
Caledonia Mining's Q2 2026 profit after tax rose 27% to $30m on a 34% higher realised gold price, while the company advanced a $150m interim facility and a $300m project loan for Bilboes.
Fortuna Mining pays $200m for Barrick and IAMGOLD's Senegal gold ground
Fortuna Mining agreed on 10 August 2026 to pay $200m to acquire the Bambadji gold exploration project in Senegal from Barrick and IAMGOLD, extending its land position next to its own Diamba Sud discovery.
Richards Bay coal price steadies near $105 a tonne as market avoids a repeat of 2022's spike
The API4 Richards Bay thermal coal price stood at $105.75 a tonne on 7 August 2026, far below the roughly $400 a tonne peak reached during the 2022 energy crisis.
Mali grants B2Gold the Menankoto permit, unlocking Fekola Regional
Mali has issued the Menankoto exploitation permit for B2Gold's Fekola Regional project, clearing the way for ore trucking to the Fekola mill and extending the complex's life into the late 2030s.
Deep Yellow keeps Tumas uranium project shovel-ready as it waits on price
Deep Yellow spent A$61.4m during the year to June 2026 advancing its Tumas uranium project in Namibia, keeping it construction-ready while it waits for uranium prices to justify a final investment decision.
AngloGold Ashanti to resume Egypt exploration after March suspension
AngloGold Ashanti plans to resume exploration at its Nugrus and Najd blocks in Egypt's Eastern Desert in the third quarter of 2026, after halting work in March following an undisclosed incident.
Gold touches a two-month high near $4,450 on renewed rate-cut bets
Gold rallied to a two-month peak near $4,450 an ounce in early August 2026, its largest weekly gain since January, as traders reduced bets on a September Fed rate increase.
Sinomine advances Zambia's Kitumba copper mine toward trial production
Chinese group Sinomine is pushing its Kitumba copper project in Zambia's Mumbwa district toward trial production, with a full concentrator commissioning targeted for late 2026.
Glencore weighs restart of mothballed South African coal projects
Glencore is considering restarting South African coal growth projects that it shelved when the business fell below 50 million tonnes a year, as improving rail capacity revives the economics.
PGM basket price surges 85% as platinum, palladium and rhodium all rally
South African PGM producers' realised basket price rose 85% year-on-year to $2,801 an ounce in the first half of 2026, as platinum, palladium and rhodium rallied together.