Vedanta's Konkola Copper Mines plans a $317m, 300MW coal-fired power plant in southern Zambia, as President Hakainde Hichilema presses the company to accelerate investment to support copper growth.

Roy Mulenga·11 September 2026·2 min read

Markets

Tharisa prices $300m Nordic bond to complete Zimbabwe's Karo Platinum mine

Roy Mulenga·11 September 2026·2 min read

Copper

Zambia's refined copper exports rise 7.4% in first half while mine output stalls

Roy Mulenga·11 September 2026·2 min read

Gold

Pan African puts Soweto tailings project at R3.68bn and targets a December investment decision

Pan African Resources has completed a definitive feasibility study on its Soweto Cluster tailings retreatment project, pricing it at R3.68bn and pencilling in a final investment decision for December 2026.

Roy Mulenga·11 September 2026·3 min read

Lithium

Zimbabwe anti-graft body arrests Chinese director in 720-tonne lithium smuggling case

The Zimbabwe Anti-Corruption Commission has arrested a director of Orequest over an alleged scheme to smuggle more than 720 tonnes of raw lithium ore to Mozambique using fraudulent export papers.

Roy Mulenga·11 September 2026·2 min read

Markets

Uranium price cools from January's two-year high but stays well above pre-2025 levels

Uranium spot prices, which touched about $101 a pound in January 2026 before settling near $84-$90, remain high enough to support producing African mines but still leave some greenfield projects waiting on the sidelines.

Roy Mulenga·11 September 2026·2 min read

PGM

Tharisa prices $300m bond to complete Karo Platinum in Zimbabwe

Tharisa has secured a $300m five-year bond at an 11% coupon to fund the balance of its $545m Karo Platinum project, where first ore to the mill is now expected in the fourth quarter of 2027.

Roy Mulenga·11 September 2026·2 min read

Energy & Infrastructure

Lobito Corridor could double cargo to 800,000 tonnes after $300m boost

Lobito Atlantic Railway is set to double its international cargo volumes to 800,000 tonnes by 2027 after a $300m funding boost to expand capacity along the corridor.

Roy Mulenga·11 September 2026·2 min read

Exploration

RAMINVEST defines six drill targets after bonanza gold assays in Mauritania

RAMINVEST Holding has outlined six priority drill targets at its Wompou gold project in Mauritania after surface sampling returned assays as high as 50.14 grams per tonne gold.

Roy Mulenga·10 September 2026·2 min read

Energy & Infrastructure

Transnet's rail recovery lifts coal and iron-ore exports to three-year high

Transnet Freight Rail carried 167.9Mt of freight in FY2025/26, up 4.9%, as coal exports rose to 58.5Mt and iron ore to 52.8Mt, but the operator says it must clear 180Mt to meet demand.

Roy Mulenga·10 September 2026·2 min read

Gold

West African Resources posts A$437m half-year profit on first full run from Kiaka

West African Resources reported record H1-2026 net profit of A$437m on revenue of A$1.46bn as Sanbrado and Kiaka produced 232,905oz, and declared a 20c-a-share special dividend worth A$228.8m.

Roy Mulenga·10 September 2026·3 min read

Gold

South African gold sales slump by a third in July as mining output falls 7.5%

Gold sales fell 33.4% year on year in July 2026 and gold output dropped 7.4%, according to Stats SA, as overall mining production contracted 7.5% and the second-quarter weakness carried into the third quarter.

Roy Mulenga·10 September 2026·2 min read

Markets

Palladium slides to an 11-month low as yields climb and EVs bite

Palladium fell about 5% to $1,311.50 an ounce on 10 September 2026, its lowest level in nearly a year, as rising US bond yields and EV substitution weighed on the metal.

Roy Mulenga·10 September 2026·2 min read

Gold

Pan African flags tripled earnings after record output, but guidance edges show strain

Pan African Resources expects headline earnings per share to rise by 195% to 205% for the year to June 2026, after output rose 38% to 272,373oz, at the bottom of guidance, and costs landed at the top end.

Roy Mulenga·10 September 2026·2 min read

Markets

Copper hits an all-time high of $14,858.50 a tonne

Three-month copper on the London Metal Exchange touched a record $14,858.50 a tonne on 10 September 2026, up about 19% for the year and 48% over twelve months.

Roy Mulenga·10 September 2026·2 min read

Gold

Theta Gold draws first $37m of bond funding for its Pilgrim's Rest gold project

Theta Gold Mines has made the first drawdown of $37m under its bond facility of up to $90m, releasing construction funding for the TGME gold project near Pilgrim's Rest in Mpumalanga.

Roy Mulenga·10 September 2026·2 min read

Safety & ESG

Petra Diamonds retrenchments put 1,800 jobs at risk at Finsch and Cullinan

Around 1,800 jobs are at risk at Petra Diamonds' Finsch and Cullinan mines, part of a wave of South African mining retrenchments that Solidarity says could total more than 4,000 positions in 2026.

Roy Mulenga·9 September 2026·2 min read

PGM

WPIC now sees 2026 platinum surplus of 265koz after heavy first-half ETF selling

The World Platinum Investment Council has swung its 2026 forecast from a 297koz deficit to a 265koz surplus, blaming a 601koz cut to expected investment demand after ETF outflows in the first half.

Roy Mulenga·9 September 2026·2 min read

Markets

WPIC reverses course, now sees a platinum surplus in 2026

The World Platinum Investment Council forecast on 9 September 2026 that platinum would run a 265,000-ounce surplus for the year, reversing an earlier deficit call after heavy first-half investment outflows.

Roy Mulenga·9 September 2026·2 min read

Exploration

Koryx Copper reports bonanza-grade hit at Namibia's Haib project

Koryx Copper has reported new drill results from its Haib project in southern Namibia, including a near-surface intercept grading 2.55% copper equivalent, as it works toward a resource update and pre-feasibility study.

Roy Mulenga·9 September 2026·2 min read

Exploration

Ivanhoe Mines grows Makoko copper discovery by 30% in DRC's Western Forelands

Ivanhoe Mines has increased the mineral resource at its Makoko District copper discovery in the DRC by 30%, to roughly 12 million tonnes of contained copper, on the back of an aggressive 2026 drilling campaign.

Roy Mulenga·8 September 2026·2 min read

Markets

Copper surges to a fresh record on the LME as tariff fears drain supply

Three-month copper on the London Metal Exchange hit a fresh record near $14,635 a tonne on 8 September 2026, driven by tariff-related trade distortion and falling DRC output.

Roy Mulenga·8 September 2026·2 min read

Safety & ESG

Sibanye-Stillwater to shut Kwezi shaft in Rustenburg, over 1,100 jobs at risk

Sibanye-Stillwater has begun Section 189 consultations to close its Kwezi shaft near Rustenburg, putting 781 employees and 333 contractors at risk of losing their jobs.

Roy Mulenga·8 September 2026·2 min read

Exploration

Ivanhoe's Makoko copper discovery grows 30% to 12 million tonnes

Ivanhoe Mines expanded its Makoko copper discovery in the DRC by 30% to about 12 million tonnes of contained copper, and plans a scoping study for early 2027.

Roy Mulenga·8 September 2026·2 min read

Markets

Tracker

Gold$4,390.40/oz+0.55%
Platinum$1,802.20/oz+0.49%
Palladium$1,317.00/oz+0.47%
Rhodium$9,725.00/oz-1.02%
Copper$14,277/t+0.10%