The National Union of Mineworkers (NUM) has strongly condemned Petra Diamonds' decision to place the Finch Diamond Mine in Kimberley under Business Rescue and issue a Section 189A notice at the Cullinan Diamond Mine, warning that nearly 1,800 jobs are at risk. According to the union, the Business Rescue process at Finch has created uncertainty …
Political risk is a significant concern for mining investors in Africa. Resource nationalism has driven an increase in claims before international tribunals. If a state adopts measures affecting a project that breach its international legal obligations, investors may be awarded damages. Sometimes a state destroys a project, but no claim is brought. Investors assume that …
Australia’s richest person Gina Rinehart has taken a “significant stake” in Elon Musk’s SpaceX, betting that the world’s largest space company could become a major driver of demand for critical minerals and off-Earth infrastructure. Hancock Prospecting said Monday it received an allocation of SpaceX shares in the company’s record-breaking initial public offering last week, though …
Zimbabwe has reaffirmed its commitment to environmentally and socially responsible mining, with government officials and stakeholders calling for stronger accountability, sustainability, and community benefits from the country's mineral wealth. The commitment was made at a national stakeholder engagement meeting organized by WWF Zimbabwe in Harare, where the conservation organization also launched its Strategic Plan for …
An International Monetary Fund (IMF) delegation has held discussions with Zimbabwe's Ministry of Mines and Mining Development on the performance of the country's mining sector, economic targets and ongoing policy reforms. The IMF team, led by Zimbabwe Mission Chief Wojciech Maliszewski, met with a delegation headed by the Permanent Secretary of the Ministry of Mines …
South Africa expects to fully launch a long-awaited database of mineral rights within 10 months, according to a senior official. The country’s government has frustrated investors by pushing back the implementation of the so-called cadastre, an online registry that displays mining and prospecting rights. Companies will use the new system to apply for licenses “We …
Mining engineer and academic Dr. Kenneth Bansah has proposed the establishment of a Mine Land Restoration Fund to finance the rehabilitation of lands, forests, and water bodies damaged by illegal mining activities. According to Dr. Bansah, proceeds recovered from illegal mining operations should be channelled into the fund to ensure that environmental restoration is financed …
The Minister for Lands and Natural Resources, Emmanuel Armah-Kofi Buah, has announced that the first batch of mining equipment under the Responsible Cooperative Mining and Skills Development Programme (rCOMSDEP) will be deployed to Birim North, describing the district as one of Ghana’s largest mining areas and a strategic starting point for the government’s new approach …
Gold Fields Ghana has identified inadequate transport and logistics infrastructure as one of the biggest challenges affecting mining supply chains across West Africa, warning that rising transportation costs are reducing the competitiveness of local suppliers. Speaking to ghextractives.com on the sidelines of the West African Mining and Power Exhibition (WAMPEX) 2026 in Accra, Gold Fields …
Gold Fields Ghana is advancing its commitment to nature-positive mining through biodiversity monitoring, land rehabilitation and environmental stewardship initiatives aimed at ensuring mining leaves a positive legacy on the environment. Speaking to ghextractives.com on the sidelines of the West African Mining and Power Exhibition (WAMPEX) 2026 in Accra ahead of World Environment Day, the company's …
