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African Business Network (ABN) delivers news, analysis and information covering all aspects of African business and commerce.

Cape Town, South Africa
Joined October 2014
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.@FirefinchLtd is in the process of demerging #Goulamina into a new @ASX-listed entity – Leo Lithium – as part of plans to separate its #gold and #lithium assets in #Mali $FFX africanbusinessnetwork.co.za…
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"The acquisition and development of BPM will enable us to scale our #platinumgroupmetals portfolio,” said African Rainbow Minerals chairman Patrice Motsepe $ARI africanbusinessnetwork.co.za…
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.@BarrickGold president and CEO Mark Bristow said the acquisition is a significant step forward in the company’s strategy of increasing its investment in new growth opportunities in #Tanzania #Africanmining #gold $ABX $GOLD africanbusinessnetwork.co.za…
“The resource is the culmination of the first round of mostly wide-spaced exploration drilling conducted over a strike length of over 7 km,” said @ThorExpl_THX CEO Segun Lawson #Africanmining #gold $THX africanbusinessnetwork.co.za…
The controversial sale of shares agreement between Northam and RBPlat comes just two weeks after @Implats had announced that talks were underway for it to acquire 100% of the issued ordinary shares of RBPlat #PGMs #SouthAfricanmining #platinum africanbusinessnetwork.co.za…
“We intend to invest significant financial and human capital into Wassa to realise the mines’ full potential and in doing so expand our operating footprint into #WestAfrica,” said Chifeng president Lyu Xiaozhao #Africanmining #Ghana africanbusinessnetwork.co.za…
“The Atlas #DigiBus will mean children in Langa are able to develop essential digital literacy skills, providing them with the chance to thrive” said @atlas_frc founder and chairman @JasonLeonard114 #education #rugby #SouthAfrica africanbusinessnetwork.co.za…
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The move by @ExxaroResources & Seriti Resources, who collectively account for around 80% of #SouthAfrica’s #coal supply, is an attempt to lower their carbon footprints in the midst of rising pressure from climate-conscious shareholders #renewables #mining africanbusinessnetwork.co.za…
.@bhp is considering investing in an African #mining asset for this first time since 2019, when it sold the rights to develop an #ironore deposit in Guinea to @IvanhoeMines_ #copper #DRC #exploration $BHP $IVN africanbusinessnetwork.co.za…
.@EndeavourMining boss Sebastien de Montessus said that the Sabodala-Massawa (Senegal), Houndé (Burkina Faso) and Ity (Côte d’Ivoire) mines all have potential to be Tier 1 assets with over 10 million ounces of resource endowment $EDV #Africanmining africanbusinessnetwork.co.za…
.@Mine_RSA said that 60% of South Africa's US$302 billion economy is reliant on energy produced from #coal #energytransition #SAbiz africanbusinessnetwork.co.za…
Any #ECOWAS economic sanctions would likely only target key officials in the military junta and their assets, so the overall economic impact would be limited according to @MaplecroftRisk Africa Research Analyst Eric Humphery-Smith #GuineaCoup africanbusinessnetwork.co.za…
The two-year programme comes after @Eskom_SA unveiled plans to invest US$7.2 billion in #renewableenergy over the next nine years, as #SouthAfrica’s begins its gradual transition away from #coal africanbusinessnetwork.co.za…
The research piece, titled The East Africa & Mauritius Top 30 Companies, estimated @SafaricomPLC's market capitalisation at US$15.39 billion $SCOM africanbusinessnetwork.co.za…
Africa’s largest #oil producer has significant untapped deposits of metals including #gold, #zinc, #lead & #ironore, but nearly all extraction is done informally on a small-scale basis, with #mining contributing just 0.1% to #Nigeria’s GDP $THX africanbusinessnetwork.co.za…
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.@BarrickGold will explore in 19 blocks across #Egypt's Eastern Desert region, which hosts @CentaminPlc's Sukari mine – the nation's only operating commercial #gold mine $ABX #Africanmining #goldexploration africanbusinessnetwork.co.za…
“We want to renegotiate all these agreements for the benefit of the people, because these #minerals must be used to finance the development of the country,” said #Burundi's Mines Minister Ibrahim Uwizeye last week africanbusinessnetwork.co.za…
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"Drilling at Boin continues to highlight the open-ended nature of the deposit, as well as the potential for higher grade sulphide mineralisation at depth" said @NewcoreGold president and CEO Luke Alexander africanbusinessnetwork.co.za… $NCAU #Africanmining #gold
Rioting initially linked to the imprisonment of ex-president #JacobZuma effectively wiped out a market rally in #SouthAfricanstocks and sovereign bonds that was underpinned by an export boom earlier this year, particularly in #platinumgroupmetals africanbusinessnetwork.co.za…
.@SoftBank will deploy its Non-Terrestrial Network solutions within @SmartAfrica's Bulk Capacity Purchase Project, which aims to deliver connectivity to Africans via large-scale joint procurement efforts africanbusinessnetwork.co.za…