Zimbabwe has suspended exports of all raw minerals and lithium concentrates with immediate effect, its mines ministry said in a statement on Wednesday, after the government alleged malpractices and leakages. The ministry said the ban on exports would remain in place until further notice and applied to all minerals currently in transit. “Government expects cooperation …
India moved to deepen trade ties with Brazil on Saturday, signing a pact to expand cooperation in mining and minerals as it seeks to meet rising domestic steel demand and support capacity expansion amid a global race for raw materials. The agreement was signed in the presence of India’s Prime Minister Narendra Modi and Brazilian …
Mahama shares Ghana GoldBod experience with Zambian ParliamentPresident John Mahama has stated that expanding domestic steel production will play a critical role in supporting Ghana’s mining sector, infrastructure development and job creation. Speaking at the commissioning of the Phase Two expansion of B5 Plus Ltd’s Steel Ball Mill and Section Mill (SBMS) manufacturing plant at …
A Japanese city has received a hefty donation to help fix its ageing water system: 21kg (46lb) in gold bars. The gold bars, worth an estimated 560 million yen ($3.6m; £2.7m), were given last November by a donor who wished to remain anonymous, Osaka Mayor Hideyuki Yokoyama told a press conference on Thursday. Home to …
Japan plans to invest $36 billion in US oil, gas and critical mineral projects, the first tranche of its $550 billion commitment under the trade agreement it struck with President Donald Trump. “Our MASSIVE Trade Deal with Japan has just launched!” Trump posted Tuesday on social media. “The scale of these projects are so large, …
Ghana’s Minerals Income Investment Fund (MIIF) has signalled a strategic expansion of its mandate beyond royalty collection within the country, aiming to pursue regional co-investment initiatives and position itself more prominently within the sovereign wealth landscape in the sub-region. The Chief Executive Officer (CEO) of the Fund, Mrs Justina Nelson, said MIIF was recalibrating its …
Malawi has announced plans to establish a Sovereign Wealth Fund to ensure that Malawians benefit from mineral proceeds. Delivering his State of the Nation Address over the weekend, President Peter Mutharika said plans are also underway to strengthen the Malawi Mining Investment Company (MAMICO). According to the government, the reforms form part of broader efforts …
One frequently hears that the African continent possesses 30% of the world’s mineral reserves. The figure is wielded as a geopolitical trophy by some and as a stick to beat African leaders by others. The simple geoeconomic fact, however, is that this statistic has no basis in reality. Why this matters Africa's mineral strategy rests …
One statistic has become a mantra: Africa holds 30% of the world’s mineral reserves. The figure is wielded as a geopolitical trophy by Pan-Africanists and by activists as a stick to beat underperforming leaders. It suggests that wealth is imminent, requiring only the ‘political will’ to unlock it. But what if this number is not …
Dr. Theophilus Acheampong, Technical Adviser at Ghana’s Ministry of Finance, has urged African countries to convert the growing geopolitical competition for critical minerals into strategic leverage for infrastructure, industrialisation and long-term value creation. Speaking during a panel discussion on who stands to benefit from the geopolitical scramble for Africa’s critical minerals, Dr. Acheampong said African …
