Mining Weekly

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Africa/global mining and metals

Pensana Continues to Progress Longonjo Mine Construction
NewsJun 8, 2026

Pensana Continues to Progress Longonjo Mine Construction

Pensana reported that construction of its $250 million Longonjo rare‑earth mine in Angola is on schedule and on budget, with the main programme now 22% complete. The project has already incurred $36 million in direct development costs and secured $135 million of equipment...

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URU Ground Survey Refines Additional Targets at South African Nickel Project
NewsJun 5, 2026

URU Ground Survey Refines Additional Targets at South African Nickel Project

URU Metals announced that its ground geophysics program at the Zeb nickel project in Limpopo has refined the definition of Target 2, revealing a more complex magnetic signature than Target 1. While Target 1 stays the primary drilling focus, the new data will...

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Gold Price Momentum Increases Amid Geopolitical Headwinds
NewsJun 4, 2026

Gold Price Momentum Increases Amid Geopolitical Headwinds

Metals Focus forecasts gold to close 2026 at a record $4,920 per ounce, a 43% jump from the prior year. Physical demand for coins and bars is set to eclipse jewellery, while overall demand dips 2.3% amid central‑bank purchase declines....

By Mining Weekly
Saturn Metals Increases Single-Pit Gold Resource to Almost Three-Million Ounces in WA
NewsJun 3, 2026

Saturn Metals Increases Single-Pit Gold Resource to Almost Three-Million Ounces in WA

Saturn Metals announced that its Apollo Hill gold project in Western Australia now holds a measured, indicated and inferred resource of 2.83 million ounces, a 26% increase driven by an additional 590,000 ounces. The higher‑confidence measured and indicated portion grew to...

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UN ECA Launches Large-Scale Project to Strengthen SADC Critical Minerals Value Chains
NewsJun 3, 2026

UN ECA Launches Large-Scale Project to Strengthen SADC Critical Minerals Value Chains

The UN Economic Commission for Africa has launched a €15 million (≈$16.3 million) five‑year project to strengthen critical‑minerals value chains across the Southern African Development Community. The programme, running 2026‑2031 in the DRC, Mozambique, Namibia, South Africa, Zambia and Zimbabwe, focuses on...

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Report Highlights Challenges, Risks Facing Sasol Amid the Just Energy Transition
NewsMay 29, 2026

Report Highlights Challenges, Risks Facing Sasol Amid the Just Energy Transition

Sasol, South Africa’s largest petrochemical employer, faces mounting operational, financial and environmental pressures as the global just‑energy transition accelerates. A new report and dialogue with Dr. Bruce Young highlight that 27,000 direct and 425,000 indirect jobs depend on the company,...

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Andrada Secures Conditional Uis Mine Funding, Completes Expanded Lithium Ridge Drilling Programme
NewsMay 27, 2026

Andrada Secures Conditional Uis Mine Funding, Completes Expanded Lithium Ridge Drilling Programme

Andrada Mining announced a conditional N$98 million (~$5.4 million) ten‑year loan from Bank Windhoek and the Development Bank of Namibia, split into two equal tranches for its Uis Tin Mining subsidiary. The loan complements an $11 million equity raise completed in April, together funding...

By Mining Weekly
Whale Head Minerals Signs PSA over South African Project
NewsMay 26, 2026

Whale Head Minerals Signs PSA over South African Project

Whale Head Minerals, a Kazera Global subsidiary, signed a 50:50 production‑sharing agreement with South African processor Rare Earth Minerals International for the Walviskop heavy mineral sands project. REMI will install a processing plant valued at roughly $1.28 million and contribute about $34,560 per month,...

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South Africa's Mining Sector Urged to Collaborate, Develop and Own the Tech It Adopts
NewsMay 22, 2026

South Africa's Mining Sector Urged to Collaborate, Develop and Own the Tech It Adopts

South Africa’s mining equipment manufacturers’ cluster (MEMSA) used its Mind Shift Conference 2026 to call for deeper collaboration, localisation and ownership of technology. Speakers warned the sector lags on AI maturity, citing gaps in infrastructure, skills and governance that hinder...

By Mining Weekly
Gold Mining on City of Gold's Doorstep Wins Broader Bank Support
NewsMay 21, 2026

Gold Mining on City of Gold's Doorstep Wins Broader Bank Support

West Wits Mining has secured a binding term sheet for a senior loan facility of up to R 875 million (≈ $47 million) from Absa and Nedbank, replacing its previous arrangement with the state‑owned IDC. The financing, flexible and backed by multiple banks, will...

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Goldplat Reports Solid Third-Quarter Financial Results
NewsMay 20, 2026

Goldplat Reports Solid Third-Quarter Financial Results

Goldplat posted a strong Q3 2026 performance, with combined operating profit of £3.86 million (≈$4.9 million), a sharp rise from £694 k a year earlier. The Ghana operation earned £806 k ($1.0 million) profit before tax, while the South African unit generated £2.62 million ($3.3 million) profit...

By Mining Weekly
Kazera Notes Third-Party Interest in Its Namibian Tantalum, Lithium Project
NewsMay 18, 2026

Kazera Notes Third-Party Interest in Its Namibian Tantalum, Lithium Project

Kazera Global says third‑party interest is growing for its African Tantalum (Aftan) project in southern Namibia, which targets both tantalum and lithium. The company’s recent technical work highlights dry‑beneficiation methods that could dramatically reduce water use, a key advantage in...

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Goldman Says Central Bank Gold-Buying Stronger than Thought, to Reaccelerate
NewsMay 17, 2026

Goldman Says Central Bank Gold-Buying Stronger than Thought, to Reaccelerate

Goldman Sachs revised its model for sovereign gold purchases after discovering that official trade data missed outflows from London vaults starting in August 2025. The updated nowcast shows central banks buying about 50 tonnes of gold in March, far above the previous...

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Perseus Continues to Progress Tanzania Project to First Gold
NewsMay 15, 2026

Perseus Continues to Progress Tanzania Project to First Gold

Perseus Mining’s 80%-owned Nyanzaga gold project in Tanzania is moving toward first gold production in the first quarter of 2027. Four of the seven carbon‑in‑leach (CIL) tanks have reached full height and the original‑equipment‑manufacturer has begun mill installation. The camp...

By Mining Weekly
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