Business

Marubeni Corp. agreed to acquire South African automotive retail and services provider TiAuto Investments, marking the Japanese trading giant’s first foray into Africa’s automotive maintenance sector. The Tokyo-based company is expanding its global aftermarket footprint by taking over a business that operates 161 stores across South Africa, Botswana, Namibia, Zimbabwe, …

The African Rainbow Capital (ARC), founded by Patrice Motsepe, may have avoided liability in a $195 million graphite dispute but the bigger story is how it did so. A South African High Court ruling confirmed ARC cannot be held accountable for breaching a confidentiality agreement it never signed, effectively insulating …

Zambia’s mining industry is positioning itself for a massive wave of expansion, backed by aggressive government production targets, regulatory overhauls, and major regional infrastructure projects aimed at transforming the landlocked African nation into a premier global export hub for transitional metals. The centerpiece of the country’s ambitious strategy is a …

The Minerals Regulation Commission (MRC) Mining and Non-Mining Rights Licensing Committee has begun sittings to review applications for various mining and non-mining rights submitted to the Commission. Established under the Minerals Regulation Commission Act No. 14 of 2024, the Committee represents an important institutional mechanism for ensuring that the administration …

Midnight Sun Mining Corp. (TSXV: MMA | OTCQX: MDNGF) has further expanded its Dumbwa copper deposit in Zambia, with drilling now confirming 6.7 kilometres of near-surface copper mineralisation along strike. The company has completed more than 260 drill holes for 56,855 metres, with five rigs currently active as exploration extends …

The International Monetary Fund warned that Zambia’s hard-won macroeconomic stability is facing renewed risk from a surge in pre-election spending and costly energy distortions, even as the southern African nation successfully consolidates its massive debt restructuring. Following a two-week mission to Lusaka led by Edward Gemayel, the Washington-based lender signaled …

Shuka Minerals Ltd. completed its fifth drill hole at the Kabwe Zinc Mine in Zambia, intercepting high-grade mineralization at depth even as complex underground conditions caused drilling deviations. The London- and Johannesburg-listed explorer reported a 100% hit rate for its Phase 1 drilling program at the site’s No. 2 ore …

BHP, Rio Tinto and Caterpillar have launched a trial of two Cat® 793 XE Early Learner battery-electric haul trucks at a mine-site demonstration in Western Australia’s Pilbara as part of an industry-first collaboration. Following three months of on-site testing at BHP’s Jimblebar iron ore mine, the trial is showing meaningful …

Zambia’s mining, energy, and agriculture sectors are experiencing a wave of fresh investor interest as aggressive fiscal consolidation takes hold following the Southern African nation’s historic exit from sovereign default, according to Citigroup Inc. Economic stability is opening doors to non-traditional players, with Middle Eastern investors entering the market for …

Zambia’s state-owned mining investment vehicle, ZCCM Investments Holdings Plc, is planning to clean up its international listings and expand its free float, part of an ambitious strategy to access global capital markets and scale its metals trading footprint. ZCCM has appointed advisers to improve the liquidity and appeal of its …