The MiningWrap BriefNo. 34
Richards Bay coal price steadies near $105 a tonne as market avoids a repeat of 2022's spike
The week in African mining — 6 August 2026.
1MarketsRichards Bay coal price steadies near $105 a tonne as market avoids a repeat of 2022's spikeThe 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.
2GoldMali grants B2Gold the Menankoto permit, unlocking Fekola RegionalMali 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.
3UraniumDeep Yellow keeps Tumas uranium project shovel-ready as it waits on priceDeep 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.
4ExplorationAngloGold Ashanti to resume Egypt exploration after March suspensionAngloGold 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.
5CoalGlencore weighs restart of mothballed South African coal projectsGlencore 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.