A former CIA official who was caught hoarding $40 million worth of gold bars allegedly created a “fake” classified intelligence program that US federal investigators say was used to channel government funds for personal gain, according to media reports. David J. Rush, the former CIA employee, was arrested last month and charged with theft of …
Local Content Reforms and Implementation Over the last few weeks, we have discussed and debated the nation's intent to implement and enforce local content regulations in the mining sector. The conversations have largely focused on improving local capacity and involvement in the mining industry to increase revenue retention within the local economy. As part of …
The Ghana Chamber of Mines has called on the Ministry of Lands and Natural Resources to expedite the approval of outstanding exploration permit applications, warning that prolonged delays could undermine future mining investments. Speaking at the Chamber’s Annual General Meeting in Accra on Friday(5 June), outgoing President Michael Edem Akafia acknowledged efforts to improve permit …
The President of the Ghana Chamber of Mines and Vice President for External Affairs at Gold Fields, Michael Edem Akafia, has called for a review of Ghana's local content framework to ensure it promotes value addition, manufacturing and investment rather than focusing solely on ownership requirements. Speaking to ghextractives.com on the sidelines of the West …
Mozambique’s President Daniel Chapo has signed a new law requiring 15% state ownership in all mining ventures and local processing of minerals, tightening control over its resources as demand for battery materials grows. Mozambique is the world’s third-largest graphite producer, a key material used in batteries for electric vehicles and energy storage. The mining law, …
Two people have died in Choma District, Southern Province, after a pit they were using for illegal mining collapsed in Zambia. The deceased have been identified as Jasper Siamuwele, 47, of Chuunga Village in Chief Mweemba's area, and Arnold Munkombwe, 48, of Nkungwe B Compound in Maamba. The incident occurred on Sunday, May 31, 2026, …
The General Secretary of the Ghana Mine Workers Union (GMWU), Abdul-Moomin Gbana, has raised concerns about the safety risks posed by some Chinese-owned mining operations that fail to comply with industry regulations and safety standards. Speaking on Walatu Walasa on CLOG TV, Gbana said health and safety conditions in Ghana's mining sector have improved significantly …
PETROSOL Platinum Energy PLC has announced the appointment of four professionals to its Senior Leadership Team following Board approval after the successful completion of their probation periods. The company said the appointments form part of its strategy to strengthen operational excellence, enhance customer service, improve governance, develop talent, drive sustainable growth, and sustain profitability. The …
Democratic Republic of Congo’s lithium miners could soon be required to triple royalty payments after the government approved the inclusion of several metals to its list of strategic minerals. Tantalum, niobium, tungsten, uranium and rare earths were also added to the list through a decree approved by the country’s council of ministers on Friday, according …
Wage negotiations between Gold Fields’ South Deep mine management and labour unions NUM and UASA have become increasingly tense, with the unions accusing company executives of showing “arrogance” during ongoing discussions. The dispute emerged during the fifth round of wage talks held at the Indaba Hotel in Fourways, Johannesburg, where the parties remain divided over …
