The MiningWrap BriefNo. 14
Ethiopia grants sovereign wealth fund a licence to mine Danakil potash
The week in African mining — 12 March 2026.
1ExplorationEthiopia grants sovereign wealth fund a licence to mine Danakil potashEthiopia has granted a commercial-scale potash mining licence over 365 square kilometres of the Danakil Depression to sovereign wealth fund Ethiopian Investment Holdings.
2PolicySenegal moves to seize control of phosphate giant ICS from IndoramaSenegal's government said it would take back the assets of phosphate producer ICS, ending Indorama Ventures' licence and alleging almost $1.88bn in lost state revenue over the concession's history.
3PGMZimplats profit soars 3,376% as PGM prices and output both climbZimplats reported after-tax profit of $143.7m for the six months to December 2025, a 3,376% jump, as 6E production rose 13% and average metal prices increased 66%.
4DiamondsDe Beers valuation slashed to $2.3bn as sale may be split in two or three partsAnglo American has cut De Beers's carrying value to $2.3bn from $4.1bn and is now considering selling the business in separate parts to different buyers.