Latest News for: African metal


Rand dips to lowest in two weeks on poor GDP showing

Independent online (SA) 06 Dec 2023
The rand retreated to its lowest in two weeks yesterday (TUES) and stocks on the JSE extended losses, in spite of improving metals prices, after economic growth in South Africa surprised on the downside in the third quarter of 2023 ... Bishop said the fundamental weaknesses in the South African economy deter positive investor sentiment too.

Desert Metals rides $3.75m funding wave

The Daily Telegraph Australia 06 Dec 2023
Desert Metals (ASX.DM1) is pumping on the back of its West African gold and lithium projects acquisition, and an oversubscribed share funding placement to boot ....

Reprieve as Sibanye-Stillwater limits job losses at Kloof 4 Shaft

Independent online (SA) 04 Dec 2023
Lay-offs have been worsening across South Africa’s metals and mining sector ... Sibanye-Stillwater was also laying off 4 000 employees from its South African platinum group metals (PGM) operations, while Impala Platinum has also started voluntary retrenchment at Rustenburg and at its head office. BUSINESS REPORT .

African Countries Lost Control To Foreign Mining Companies The 3 Steps That Allowed This To Happen

MENA FN 03 Dec 2023
(MENAFN - The Conversation) Within a few years of independence, African governments asserted sovereignty over their metal and mineral resources. Prior to this, the resources were exploited by ... .

Commissioning of expanded processing plant at Marula's Blesberg project remains on track

Mining Weekly 01 Dec 2023
African focused battery metals investment and exploration company Marula Mining has ...

Zimbabwe orders lithium miners to submit refinery plans by March 2024

Reuters 30 Nov 2023
Lithium, used in electric vehicle batteries and to store renewable energy, has become foreign-currency starved Zimbabwe's third biggest mineral export after platinum group metals (PGM) and gold, earning $209 million in the first nine months of 2023 ... Zimbabwe has also struggled for years to get PGM miners to refine the metals locally.

Agronomists save tomatoes from toxic aluminum with melatonin

Phys Dot Org 29 Nov 2023
This hormone contributes to nitric oxide production, blocking the toxic metal and preventing it from destroying plant cells. The results are published in the South African Journal of Botany ... That toxic metal does not allow the growth of a high-quality crop.

Closure of steel operations a devastating blow, as 3500 jobs at risk

Mail Guardian South Africa 29 Nov 2023
The company attributed some of the reasons for the closures to the current energy crisis, the collapse of South Africa’s logistics and transport infrastructure, the ban on scrap metal exports and the 20% export levy. The Association of South African Chambers (Asac) chairperson ...

Impala Platinum Says 11 People Died in Shaft Incident

Market Watch 28 Nov 2023
... in South Africa, with 75 hospitalized, in the worst mining accident for a South African company in 14 years.

South Africa: Lead Poisoning Part 2 - Scientists Find Toxic Metals in Kitchenware

All Africa 28 Nov 2023
... in glaze that contains lead, a toxic heavy metal which can damage multiple organs when consumed.

Slowing China still leads the race for commodities

Reuters 28 Nov 2023
As China transitions to a new economic model, its appetite for green technologies should continue to benefit Latin American countries like Chile – a top copper producer – and Indonesia, which produces more niche metals such as nickel, as well as African countries like the Democratic Republic of Congo, which dominates cobalt mining.

Jinchuan's S.African PGM project to cut 75% of workforce amid price rout

Reuters 27 Nov 2023
Nov 27 (Reuters) - Jinchuan Group International Resources' (2362.HK) South African platinum group metal (PGM) project will cut about 75% of its workforce as it restructures operations amid a sharp decline in metal prices and operational disruptions ... of falling metal prices.

Dilapidated rail infrastructure and lacklustre road network in SA

Independent online (SA) 27 Nov 2023
Agriculture remains the doyen of the South African economy despite its minuscule official contribution to the gross domestic product (GDP) which was 3.57% in 2022, equating to approximately R134 billion ... period, making it the fastest-growing sector of the South African economy.

First Quantum Reports Two Separate Deaths at Zambia Operations

Market Watch 27 Nov 2023
... two unrelated deaths at nonproductive areas of two separate operations in the African country of Zambia.