The MiningWrap BriefNo. 33
Kariba water allocation raised to 36 billion cubic metres as lake levels recover
The week in African mining — 30 July 2026.
1Energy & InfrastructureKariba water allocation raised to 36 billion cubic metres as lake levels recoverThe 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.
2PGMSylvania Platinum closes FY2026 with record 95,885 oz of productionSylvania 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.
3ExplorationZambia's President announces new copper discovery near Kitumba mine in MumbwaPresident 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.
4LithiumZimbabwe's lithium export earnings jump 230% to $782m in first halfZimbabwe 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.
5MarketsGold demand proves resilient even as Q2 price momentum coolsWorld 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.