Green shoots for Petra Diamonds as high-value prices firm
High-value diamond prices rose about 10% in 2025, offering Petra Diamonds a possible lifeline as it battles debt and a bond maturity.
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Newmont commits $34m to Ahafo South road upgrades through 2028
Newmont has earmarked $34m for road construction and rehabilitation around its Ahafo South mine between 2025 and 2028, including a newly finished Hwidiem-Kenyase route.
Pan African launches R200m share buyback as stock scales record high
Pan African Resources began a R200m share buyback on 1 July 2025, arguing its stock remained undervalued even after a near-80% rally over the previous year.
Exxaro calls time on 'unsustainable' Leeuwpan Colliery
Exxaro Resources has begun a formal consultation process that could close its Leeuwpan Colliery, citing lower coal export prices and shrinking demand from Eskom.
Mali completes takeover of Yatela and Morila mines abandoned by foreign owners
Mali says it has completed the takeover of the Yatela and Morila gold mines, abandoned years ago by their foreign owners, as part of its drive to reclaim control of natural resources.
DRC extends cobalt export ban by three months as stockpiles stay high
The Democratic Republic of Congo extended its cobalt export suspension for a further three months on 21 June 2025, saying stockpiles remained too high to justify reopening trade.
Niger nationalises Somaïr uranium mine, defying French operator Orano
Niger's military government has announced the nationalisation of the Somaïr uranium mine run by France's Orano, accusing the firm of taking an outsized share of production since 1971.
Mali breaks ground on Russian-backed gold refinery
Mali has started construction of a state-controlled gold refinery built with Russia's Yadran Group, part of military leader Assimi Goita's push to keep more mining value at home.
Mali court places Barrick's Loulo-Gounkoto mine under state administration
A commercial court in Bamako has placed Barrick's Loulo-Gounkoto gold complex under state control, appointing a provisional administrator as Mali seeks to reopen the mine despite the miner's objections.
Debswana seeks $6bn to take Jwaneng underground
Debswana is seeking about $6bn on international capital markets to fund an underground expansion at Jwaneng that would keep the mine running to 2054.
Minerals Council warns Mantashe of 'looming confrontation' over mining bill
Minerals Council president Paul Dunne warned Minister Gwede Mantashe the industry would fight draft MPRDA amendments in court if empowerment and beneficiation conditions are not softened.
Ivanhoe disputes Zijin's account of damage at Kakula mine
Ivanhoe Mines publicly contradicted joint-venture partner Zijin Mining's description of roof collapses at the Kakula copper mine, saying inspections found no evidence of structural failure.
Mantashe unveils Critical Minerals and Metals Strategy for South Africa
Minister Gwede Mantashe released South Africa's Critical Minerals and Metals Strategy, prioritising beneficiation and industrialisation around a shortlist of minerals judged most important to the economy.
Petra Diamonds exits Tanzania's Williamson mine after years of trouble
Petra Diamonds has sold its remaining 31.5% stake in Tanzania's Williamson mine to Pink Diamonds, ending a difficult 16-year involvement in the operation.
Oman's sovereign fund steps into Angola's Catoca mine as Alrosa exits
A subsidiary of Oman's sovereign wealth fund has taken over Alrosa's stake in Angola's Catoca diamond mine, ending the Russian giant's two-decade presence in the project.
Bushveld Minerals collapses into liquidation, ending vanadium miner's AIM listing
Bushveld Minerals was placed into liquidation on 15 April 2025 after running out of funds, setting up its delisting from London's AIM market once its nominated adviser resigned.
Diamond slump drags on Namibia's growth outlook
Namibia's government trimmed its 2025 growth forecast to 4.5%, citing weak diamond markets and steep production cuts at De Beers as a drag on the economy.
Botswana weighs emergency 615MW coal plant as Morupule B falters
Botswana is considering an emergency 615MW coal-fired power station after years of breakdowns at Morupule B, with only 65% of electricity demand currently met from local generation.
Ivanhoe extends Makoko copper deposit, finds high-grade Kitoko zone
Ivanhoe Mines said its Makoko copper deposit in the DRC's Western Forelands has grown by 20% in strike length, with a new high-grade discovery at nearby Kitoko.
Minerals Council fears MPRDA rewrite will unwind 'once empowered' ruling
The Minerals Council South Africa says the Department of Mineral and Petroleum Resources is unhappy with a court ruling that protects existing empowerment deals, and may use MPRDA amendments to undo it.
Barrick suspends Loulo-Gounkoto operations after Mali seizes gold stock
Barrick confirmed it has suspended production at its Loulo-Gounkoto complex in Mali after authorities seized about $245m worth of gold stock, deepening a two-year standoff over the country's new mining code.