Rio Tinto confirmed the death of a contracting company employee at the SimFer port site in Guinea, with the global multinational extending condolences and support to those affected after the incident on the Simandou project in Morebaya, Guinea, on Saturday. In a statement released Monday, Rio Tinto Chief Executive Jakob Stausholm said: “Our deepest condolences…
The global manganese market is set to experience significant growth, driven by China’s reviving construction sector and supply disruptions following Tropical Cyclone Megan’s damage to South32’s GEMCO mine in Australia. Modor Intelligence reports that the global manganese market is expected to reach US$29.83 billion by 2028, up from US$24.45 billion in 2021. This is a…
Mercedes-Benz has announced a ground-breaking battery recycling facility in Kuppenheim, Germany, pioneering a closed-loop circular economy with a remarkable 96% recovery rate, according to the company in a statement released on Monday. With an annual capacity of 2,500 tonnes, the plant will recover materials to produce over 50,000 battery modules, significantly reducing waste and promoting…
Rio Tinto has agreed to buy U.S.-based Arcadium Lithium for $6.7 billion, it said this week, in a deal that will catapult it to become the world’s third largest miner of the metal used in electric vehicle batteries, according to Reuters. The demand for lithium, driven by electric vehicle (EV) batteries and renewable energy storage,…
Sinomine Resource Group, a Chinese state-owned mining conglomerate, is aggressively expanding its presence in Southern Africa through strategic investments in critical minerals, including copper, lithium, and platinum. In a significant move, Sinomine committed $500 million to develop a lithium refinery in Zimbabwe over the next three to five years. Building on this momentum, the company…
Australia’s copper explorer Cobre Ltd has secured significant backing and endorsement from global mining giant BHP for its copper and silver potential in Botswana’s Kalahari Copper Belt (KCB). The two companies have executed a letter of intent (LoI) to form a joint venture (JV) focused on exploring copper and silver resources, specifically at Cobre’s Kitlanya West and East projects. The JV follows Cobre’s…
PGM miner Sibanye Stillwater, a leading precious metals mining company, announced on Monday that it expects to report a half-year loss due to a significant writedown on its US assets. The company attributed the loss to the declining price of palladium, a key metal used in vehicle exhaust systems to reduce emissions. The writedown, valued…
While South Africa’s renewable energy sector has been gaining momentum in recent years, driven by the country’s commitment to reducing carbon emissions and diversifying its energy mix, the local market’s growth is closely tied to global trends, particularly in the electric vehicle (EV) and energy storage systems (ESS) industries, as well as the global push…
There is no question that the establishment of the Dangote Refinery, a $19 billion project, represents a significant stride towards Africa’s self-sufficiency in refined petroleum products and its ability to export to other African nations. This transformative initiative has the potential to reduce the continent’s reliance on imports, create jobs, and drive industrialization, ultimately contributing…
China’s three major stock exchanges in Shanghai, Shenzhen, and Beijing made a united effort by unveiling preliminary guidelines for listed companies to disclose their sustainability practices.
