International News

Zambia Targets Copper Boom, Courts Gulf Investors

Zambia is aiming for a record copper output this year, exceeding 1 million tons, as the country deepens ties with oil-rich Gulf nations, particularly the United Arab Emirates and Saudi Arabia. Jito Kayumba, Special Assistant for Finance and Investment to Zambian President Hakainde Hichilema, revealed that production is projected to …

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Global pumping giant ready to support hydrogen economy

With abundant sunshine and wind southern Africa is perfectly positioned to become a global powerhouse in green hydrogen production. As the world shifts towards cleaner energy sources Namibia and South Africa provide favourable conditions and are well situated upon one of the world’s central shipping routes to transport the commodity …

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Stalled Talks: UAE’s Bid for Zambian Copper Riches Hits a Wall

The scramble for Africa’s vast copper resources took a surprising turn this week as talks between the United Arab Emirates’ (UAE) International Resources Holding (IRH) and Vedanta Resources Ltd. collapsed. The breakdown in negotiations cantered around Vedanta’s prized Konkola Copper Mines (KCM) in Zambia, a copper behemoth that has attracted …

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KoBold Metals to Invest $2.3 Billion in Major Copper Mine in Zambia

The mining exploration company backed by Bill Gates, KoBold Metals, plans to invest $2.3 billion to develop a significant copper mine in Zambia, according to President Hakainde Hichilema, who cited company figures. The company aims to produce over 300,000 metric tons of copper annually at the Mingomba site, potentially making …

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Scramble for African Copper: UAE Giant Eyes Vedanta’s Zambian Crown Jewels

The battle for African copper has intensified, with the investment arm of Abu Dhabi’s IHC making a bold move for a controlling stake in Vedanta Resources’ prized Zambian copper assets, Konkola Copper Mines (KCM). This follows their recent acquisition of Mopani Copper Mines, painting a clear picture of their ambition …

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Atlantic Council’s Africa Centre Unveils Revolutionary Critical Minerals Initiative at Mining Indaba

The Africa Centre of the Atlantic Council is embarking on an innovative three-year programme dedicated to critical minerals in Africa. With Africa housing 30% of the world’s critical-mineral reserves, the continent assumes a pivotal role in twenty-first-century supply chains, especially for electric vehicles, lithium batteries, cellphones, medical scanners, and military …

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Minerals Megatop: Could a “Super Region” Power the Global Energy Transition?

The world’s yearning for clean energy could find its answer in a surprising alliance: a minerals “Super Region” uniting Africa, the Middle East, and South Asia. This bold vision, championed by Wood Mackenzie, proposes pooling the vast mineral resources of these regions – home to critical elements for renewable technologies …

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Global Copper Market on the brink, says analysts

Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming months, analysts said on Tuesday. Panama’s top court on Tuesday ruled that Canadian miner First …

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Germany pledges 4 billion Euros in Africa’s green energy

Germany has pledged to invest 4 billion euros in Africa’s green energy until 2030. The announcement was made by German Chancellor Olaf Scholz in Berlin after meeting African leaders and heads of international organisations including the President of the African Development Bank Group Dr. Akinwumi Adesina, during the G20 Compact …

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Metso launches Skega™ Life

Metso is introducing to its mill lining portfolio an innovative rubber, Skega™ Life, with up to 25 percent longer wear life compared to the current premium rubber, Skega™ Classic.   The new rubber type is developed in Metso’s own laboratory and validated by field studies. Skega™ Life is a part …

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