Operations, deal-making, policy and markets across African mining — every story, newest first.
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 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.
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 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.
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.
Zijin Gold International's agreed takeover of Allied Gold lapsed before its 29 July 2026 deadline, and the two companies instead struck a smaller deal in which Zijin bought a 9.2% stake in Allied for about $295m.
The Zambezi River Authority has raised its 2026 water allocation for Kariba hydropower generation to 36 billion cubic metres, up from 30 billion, as usable storage climbs to 48% from 23% a year earlier.
Sylvania Platinum produced a record 95,885 4E PGM ounces in the year to June 2026, though fourth-quarter revenue and EBITDA both fell sharply as the PGM basket price retreated 25% quarter-on-quarter.
TransNamib and Kaleido Logistics have launched a rail corridor between Walvis Bay and Karibib designed to move 25,000 tonnes of mining and quarrying cargo a month, cutting truck traffic and emissions.
President Hakainde Hichilema announced in July 2026 that Zambia has discovered further copper deposits near Mumbwa's Kitumba mine, promising a new mine and jobs for the district.
Zimbabwe earned $782 million from lithium exports in the first six months of 2026, up from $237 million a year earlier, Finance Minister Mthuli Ncube said in his mid-year budget review.
World Gold Council data published on 30 July 2026 showed central banks bought 289 tonnes of gold in the second quarter, the strongest Q2 on record, even as ETF investment fell.
Underground Mining Alliance, the contractor running the Subika underground operation at Newmont's Ahafo South mine, says 52% of its 320-plus workers are drawn from ten host communities.
Perseus Mining produced 109,013oz in the June quarter and 404,998oz for FY2026, generating a record $769m of notional cash flow as stoping began at the CMA underground mine at Yaouré in Côte d'Ivoire.
South Africa's energy regulator has approved a two-year discounted Eskom tariff for Manganese Metal Company, whose Mpumalanga plant relies on electricity for around 41% of production costs.
Endeavour Mining produced 564koz of gold in the first half of 2026 at an AISC of $1,871/oz, converting a $4,579/oz realised price into record free cash flow of $761m while its Mana mine in Burkina Faso lagged guidance.
African Pioneer signed a definitive financing and technical services agreement with Hong Kong's Xinhai Mining Services on 30 July 2026, under which Xinhai funds development of its Ongombo and Ongeama copper projects in Namibia via a secured loan.
Fortuna Mining has approved a $109m project to raise throughput at its Séguéla gold mine in Côte d'Ivoire by 30% to 2.3Mtpa, targeting more than 200,000oz a year over the next decade.
Valterra Platinum is recovering most of its current Zimbabwean export proceeds through tax offsets and central bank payments, but there is still no solution for about $100m owed from previous years.
The Department of Mineral and Petroleum Resources says 33 miners had died in South African mines by late July 2026, with Impala Platinum's Rustenburg operation accounting for more than a third of the toll.
Valterra Platinum lifted interim EBITDA to R33.4bn from R6.6bn and declared R57 a share in dividends, a 70% payout, while leaving 2026 production and cost guidance unchanged.
Premier African Minerals has postponed restarting its Zulu lithium plant in Zimbabwe until it agrees a long stop date extension with offtake partner Canmax, and raised about £550,000 to fund operations.
First Quantum's Sentinel mine produced 50,335t of copper in the second quarter, up 5,083t, while Kansanshi slipped on planned maintenance; both kept 2026 guidance unchanged.
Kumba Iron Ore kept its full-year production and sales targets intact despite a 41% drop in interim headline earnings, record Northern Cape rainfall, a stronger rand and sharply higher freight costs.
