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Mozambique
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Johannesburg- and London-listed Gemfields announces that CEO Sean Gilbertson will step down on July 15, with CFO David Lovett taking up the interim CEO role. The company's 75%-owned Mozambique Ruby Mine has experienced lower-than-expected production, with premium ruby grades falling from 0.06 ct/t in 2025 to 0.03 ct/t in the five months to May 31, while insurgent attacks in April and May forced a 20-hour operational pause and illegal mining intrusions continue at about 700 individuals daily. Gemfields is owed $28.3-million in value-added tax refunds as at June 30, with no VAT reimbursements received since October 2024.
South Africa accelerates migrant repatriations as Mozambique among nations assisting citizens to leaveSouth Africa's Inter-Ministerial Committee on Migration is processing thousands of undocumented foreign nationals ahead of June 30 anti-immigrant protests, with Mozambique among seven African countries facilitating voluntary repatriation of their citizens. Mozambique has repatriated hundreds by bus, including citizens who fled after five compatriots were killed in xenophobic violence and homes were burned in early June.
NeoTerra advances Monte Muambe rare earths and fluorspar project in Tete provinceNeoTerra Group, formerly Altona Rare Earths, is nearing the minimum expenditure commitment for Phase 3 of its earn-in agreement at the Monte Muambe project in Tete province, which will increase its stake from 51% to 70%. The project hosts a 13.6-million-tonne rare earths resource at 2.42% total rare-earth oxides, with a scoping study estimating an after-tax net present value of $283.3-million and initial capital expenditure of $276.3-million.
Mozambique Updates
Minister in The Presidency Khumbudzo Ntshavheni on July 3 briefed media on the outcomes of the Cabinet meeting held earlier this week, noting that former President Jacob Zuma’s actions on a visit...
Being a premier base metals-focused business with strong growth potential is the vision for South32 of new CEO Matt Daley. “We've got around 55% production growth over the next handful of years in...
The Zululand Energy Terminal (ZET), which is aiming to build South Africa’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay in KwaZulu-Natal, has signed heads of...
With the acquisition of South32’s aluminium assets, Alcoa will surpass Rio Tinto to become the world's largest bauxite mining company on an equity-attributable production basis, with global share...
Africa is not short of opportunity, however it is short of reliability. Across mining operations, agricultural holdings, construction sites, manufacturing plants, forestry concessions and more, one...
Norsk Hydro said on Wednesday its Slovalco aluminium joint venture had struck an agreement with the Slovak government to partially restart production after a four-year shutdown, with the deal...
Johannesburg- and London-listed gemstone miner Gemfields has informed shareholders that Sean Gilbertson will, by mutual agreement with the board, step down as CEO and as a director of the company...
Africa's manufacturing sector stands at a defining moment. With the African Continental Free Trade Area (AfCFTA) opening unprecedented opportunities for regional trade and industrialisation,...
The South African government is accelerating its five-point migration strategy, marking significant milestones in the deportation, verification, and repatriation of undocumented foreign nationals...
NeoTerra, formerly Altona Rare Earths, reported on June 4, 2026, that rare earths assays from its 2025 drilling campaign had confirmed heavy rare-earth element enrichment associated with fluorspar...
Logistics group Grindrod has highlighted that it expects an improvement in its overall performance in the second half of the year as weather-related disruptions ease and rail capacity recovers. CEO...
India has swung to buying Russian crude oil and coal to bolster its energy supplies after flows were disrupted and prices rose during the Iran conflict. The world's third-largest oil importer is...
London-listed Altona Rare Earths has changed its name to NeoTerra Group, effective June 22, to reflect its evolution from a rare earth-focused exploration company into a broader critical minerals...
South Africa will deploy more police this week to deter possible violence before a June 30 deadline set by xenophobic protest groups for foreigners to leave the country. “There has been...
Public works and infrastructure minister Dean Macpherson called on law enforcement agencies to act against those responsible for violence against migrants, warning that the attacks are tarnishing...
Ghana is considering transferring control of Gold Fields’s Tarkwa mine to local firms when its leases expire next April, part of a push to increase control of its gold industry and capture more of...
Africa cannot afford fragmented voices any longer, South Africa’s mining and energy leading light Mike Teke pointed out in an address at the Zimbabwe Chamber of Mines, where he highlighted the need...
Mozambique's new law requiring the State to have a 15% stake in all mining ventures could deter foreign investment, an industry executive said on Thursday. The southern African country is among the...
The Zululand Energy Terminal (ZET), which is aiming to build South Africa’s first liquefied natural gas (LNG) import terminal at the Port of Richards Bay in KwaZulu-Natal, has signed heads of...
South Africa's biggest labour unions on Wednesday urged workers not to participate in anti-immigrant protests that have seized the country, and said they could face consequences if they skip work...
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