Gold held a gain after US President Donald Trump said the Strait of Hormuz could reopen on Friday, likely easing an energy and inflation shock that has roiled global markets. Bullion was near $4,315 an ounce, having climbed 2.2% in the previous session after the US and Iran announced an interim deal to end the …
The world is entering an era where crises are no longer exceptions; they are becoming the norm. The Russia-Ukraine war exposed vulnerabilities in global food, fertilizer, energy, and supply chains. The ongoing tensions and military confrontations involving Iran have once again demonstrated how quickly global energy markets can be disrupted. The COVID-19 pandemic revealed the …
Russia says it could produce as much as 500 tonnes of mined gold this year, a figure that would make it the world’s largest producer and far exceed estimates from independent industry observers. Natural Resources Minister Alexander Kozlov told state-run news agency Tass that Russia would mine between 480 and 500 tonnes of gold in …
Southern African countries have launched a regional project aimed at promoting environmentally and socially responsible value chains for energy transition minerals across the Southern African Development Community (SADC). Speaking at the launch in Lusaka, Zambia's Permanent Secretary for the Ministry of Mines and Minerals Development, Dr. Hapenga M. Kabeta, said the initiative comes at a …
The global mining industry is experiencing a fundamental transition. While traditional commodities such as gold and oil continue to shape economies, a new category of resources is increasingly defining the future of industrial growth, technological advancement and geopolitical influence. These are critical minerals, lithium, cobalt, copper, manganese and graphite, which have now become indispensable to …
The Ministry of Mines and Minerals Development says Zambia is positioning itself to benefit from the growing global demand for critical minerals, driven by the clean energy transition and advanced manufacturing industries. Permanent Secretary Dr Hapenga Kabeta said the government is implementing a National Critical Minerals Strategy (2024–2028) aimed at promoting industrialisation, job creation, value …
Ghana’s external sector recorded strong growth in the first four months of 2026, with gold and oil exports emerging as major contributors to rising export earnings, according to the latest Summary of Economic and Financial Data released by the Bank of Ghana. The report, released on May 19, showed that total exports increased from US$8.5 …
A delegation from the International Monetary Fund (IMF) has visited Gold Coast Refinery Ltd (GCR) to engage management on the company’s operations and its role within Ghana’s gold value chain. The visit formed part of the IMF team’s engagements with key stakeholders in Ghana’s extractive sector and broader economy. During the meeting, the IMF delegation …
A coalition of 34 non-governmental organisations has called for sweeping reforms to tackle illicit gold trade and related financial crimes ahead of the UK Illicit Finance Summit scheduled for June 23–24, 2026, in London. In a policy briefing, the groups highlighted significant gaps in existing certification schemes and industry-led responsible sourcing standards, warning that these …
The reduction of allocations to the Minerals Income Investment Fund (MIIF) from 80% to 2% has sparked concern among policy experts, who warn that the move could significantly undermine the Fund’s capacity and long-term relevance in Ghana’s extractive sector. Speaking at a stakeholder engagement organised by the Natural Resource Governance Institute (NRGI) and the Centre …
