Africa Mining Market
Established in2019
Located inJohannesburg, South Africa
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Africa Mining Market
Tengyuan To Construct Us$134.2 Million Mineral Processing Plant…Tengyuan Cobalt Industry New Materials, a Chinese manufacturer of electric vehicle battery materials, plans to invest US$134.2 million to construct a new mineral processing plant in the Democratic Republic of the Congo, aiming to strengthen its access to raw materials.
Tengyuan intends to establish a joint venture with a local partner to develop the plant in Lualaba province in southern Congo, the Ganzhou-based company announced.
The collaboration is predicted to help Tengyuan secure high-quality raw material supplies, lower procurement costs, and significantly increase production capacity, it added.
The company completed its first mineral processing plant in the DRC in the first half of last year. The wholly-owned facility has an annual production capacity of 60,000 tons of refined copper and 10,000 tons of cobalt salts.
The new plant is expected to produce 30,000 tons of refined copper and 2,000 tons of cobalt salt products annually. The copper refining facility alone is projected to cost US$100 million.
Construction is anticipated to take 18 months. Once operational, it is expected to take three years to reach full capacity. The post-tax internal rate of return is estimated at 35%.
Tengyuan will hold a 55% stake in the JV. An affiliate of its local partner, SAWA Congo Mining, will own 40%, while the remaining 5% will be held by an employee shareholding platform.
SAWA, a Chinese-owned conglomerate, has over two decades of mining and trading experience in the mineral-rich Central African nation and maintains strong relationships with the local government. It has been supplying raw materials to Tengyuan since October 2021.
Tengyuan reported a challenging Q1, with net profit falling 14% year-on-year to CNY123 million, and revenue down 4% to CNY1.5 billion (US$200 million). The decline was attributed to increased research and development as well as management expenses, along with falling cobalt salt prices, according to the interim report. Despite this, Tengyuan reported an 81% jump in net profit for 2024, supported by increased production capacity.
Tengyuan did not comment on the DRC’s recent ban on cobalt salt exports. In February, the country’s minerals regulator announced a temporary suspension on cobalt exports, essential for EV battery production, to stem further price declines. The ban does not affect cobalt mining or copper exports, as cobalt and copper are co-mined.
The export ban has helped lift cobalt salt prices, which had slumped to five-year lows due to oversupply. Last week, Cobalt(II) sulfate was priced at around CNY50,000 per ton (US$6,849), nearly 90% above its February low, according to data from Mysteel.
Last year, Tengyuan produced 54,500 tons of refined copper, accounting for nearly 53% of its total output. Cobalt salts contributed about 37% of its annual revenue, with the remainder coming from products such as nickel salts, lithium salts, and ternary lithium battery precursors. The company earned more than half its revenue from overseas markets, according to its annual report.
Despite the new investment plan, Tengyuan’s share price dipped due to weak Q1 earnings.
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Apr 21, 2025
Africa Mining Market
Prospect Resources Secures $15.2 Million To Advance Mumbezhi…Prospect Resources is set to receive a $15.2 million cornerstone investment from global copper miner First Quantum Minerals in return for a 15% shareholding.
Prospect expects the investment will help advance its Mumbezhi copper project in north-west Zambia, with the Canadian producer to act as a key technical partner alongside Prospect’s main exploration team.
Mumbezhi is located 25 kilometres from First Quantum’s wholly owned Sentinel copper mine within the world-class north-western Zambia copper belt and has an estimated resource of 107.2 million tonnes grading 0.5% copper for 514.6 kilotonnes of contained metal.
Prospect will issue First Quantum with 101.06 million new Prospect shares priced at $0.15 each, representing a 36% premium to its last closing price of $0.11 and a 28% premium to the 20-day volume-weighted average price of $0.117.
On completion of the issue, First Quantum will have the right to nominate a representative to join the Prospect board of directors.
The nominee will remain in place as long as First Quantum maintains at least 10% equity in Prospect.
Prospect managing director Sam Hosack welcomed First Quantum to the share register.
“Bringing First Quantum into the fold as a strategic cornerstone shareholder and technical partner offers us considerable funding runway to continue advancing our planned exploration of Mumbezhi,” he said.
“Having access to First Quantum’s breadth of regional expertise will position us to continue identifying new regional prospects and adding potential new copper tonnages to the existing Mumbezhi resource estimate at a far greater rate than on our own.”
Prospect has also entered into a placement agreement with long-term shareholder Eagle Eye for 18.86 million new shares at $0.15 each to raise approximately $2.8 million.
The investment will maintain Eagle Eye’s 15.3% shareholding in Prospect.
The total First Quantum and Eagle Eye investment of $18.5 million will leave Prospect well funded to further accelerate exploration and advancement of the Mumbezhi project.
The company will commence a Phase 2 drilling campaign at Mumbezhi in the coming weeks to test prospectivity at the Nyungu North, Nyungu South and West Mwombezhi targets.
First Quantum is a long-established copper explorer and producer in Zambia, with its wholly owned Sentinel and Kansanshi mining and processing operations producing a total of 402,000t of copper-in-concentrate during 2024.
The company is ramping up its smelting capacity as part of the Kansanshi S3 expansion project.
This will see it transition from a high-grade, medium-scale operation to a medium-grade, larger-scale operation more suited to a higher proportion of primary, lower-grade sulphide ores at depth.
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Apr 15, 2025
Africa Mining Market
Sun Africa Seeks Energy, Mining Cooperation With EgyptAs part of efforts to enhance cooperation between Egypt and the US in the Energy Sector, Karim Badawi, Minister of Petroleum and Mineral Resources, met with Adam Cortese, CEO of Sun Africa, and his accompanying delegation. The meeting discussed the potential collaboration in the domains of oil and natural gas, renewable energy, carbon reduction, and mining activities.
During the meeting, both sides explored opportunities for joint projects in renewable energy and smart energy solutions based on smart infrastructure, with a particular focus on solar power, green energy, and carbon capture and storage (CCS).
The two sides asserted on the importance of technology exchange and building long-term strategic partnerships that ensure knowledge transfer and support sustainable investment.
Cortese appreciated the Egyptian market as a strategic energy hub in Africa. He highlighted the strong support Sun Africa receives from the US government for global infrastructure and investment initiatives.
Additionally, Cortese pointed out the company’s interest in leveraging the distinct relations between Egypt and the US, as well as the historic partnership with ENPPI and PETROJET in addition to transferring Egypt’s expertise to other African countries for reinforcing Egypt’s status as a regional energy hub.
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Apr 14, 2025
Africa Mining Market
Rangel’S €6 Million South Africa Investment…Maia, Portugal-headquartered Rangel Logistics Solutions, a family-owned international logistics company that entered the South African market in 2020, has reaffirmed its commitment to helping Africa realise the potential of the African Continental Free Trade Area (AfCFTA) agreement through the additional investment of €6 million (R125.6 million) in a warehouse in South Africa.
Tiago Pocinho, Rangel Country Manager, says the company takes its commitment to Africa seriously.
Covering an area of 10,000 m² near OR Tambo International Airport, the new warehouse will serve as a central hub for Rangel’s expanding Contract Logistics offering, as announced at the opening ceremony. This facility also provides bonded storage, divided into an OS Bond Store (Operating Store) for goods storage up to 24 months and an SOS Bond Store (Special Operating Store) for storage up to 6 months, as well as cross-docking services. During their stay in the bonded warehouse, goods are exempt from duties and charges, payable only upon release for final destination.
In addition to this investment, the logistics company will also open a new office in Nakop, on the Namibian border, which will augment its current presence in Zambia and Tanzania.
The new warehouse is expected to create at least 160 new jobs, with CEO Nuno Rangel anticipating further growth in line with the Contract Logistics gains.
Since entering South Africa, Rangel’s primary focus has been on transportation and cross-border logistics as it sought to establish a presence at key border points. Having succeeded in this aim, the company is now strengthening its footprint in the logistics sector.
The warehouse enhances Rangel’s South Africa’s logistical capabilities while facilitating trade between neighbouring markets such as Mozambique, Zambia, Angola, the Democratic Republic of Congo, Tanzania, Botswana, Zimbabwe, and Namibia.
“Today, we are becoming a benchmark in transport for the mining sector in the main logistics corridors of the SADC region, from the DRC to the main ports – Durban, Beira, Walvis Bay and Dar es Salaam – carrying out highly demanding and complex operations, especially in the transport of copper (cathods, concentrate, blyster) cobalt hidroxyde and zinc,” adds Nuno Rangel.
Since 2020, Rangel has opened four offices on the main South African borders and expanded its presence to Zambia (2021) and Tanzania (2022), bringing the total investment in the three countries to €7 million. In total, the international operation represents around 20% of the company’s turnover, with South Africa accounting for 8% of that volume.
At the launch ceremony in the warehouse, big enough to house more than 500 average-sized cars, Nuno Rangel said, “we want to be an African company and not only help connect the Southern African Development Community to Europe, but also facilitate trade among African countries”.
Rangel, which was founded in 1980 by Eduardo Rangel, Nuno’s father, invested in South Africa after Whitey Basson, South African businessman and former Shoprite CEO, inspired Nuno Rangel to examine the country’s potential, Nuno Rangel said.
Addressing guests at the stylish event attended by diplomats from Portugal and Botswana, including the Portuguese Ambassador to South Africa, Basson said Shoprite’s growth across Africa was partially the result of it having good logistics capabilities.
Basson also pointed to Africa’s vast potential. The continent is anticipated to see gross domestic product growth of 4% by 2026 according to United Nations figures, with AfCFTA set to play an important role in this expansion.
His Excellency Carlos Costa Neves, the Portuguese Ambassador to South Africa, wished the company great success. “We are safe in the hands of Rangel,” he said;
The bonded warehouse offers operating bond space for goods storage for up to two years as well as a special operating storage that enables goods housing for up to six months.
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Apr 08, 2025
Africa Mining Market
The Opportunity For Manufacturers And The Value Of Regional IntegrationAfrica presents a vast and dynamic opportunity for manufacturers, driven by its abundant resources, youthful population, and rapidly expanding markets. With a growing middle class and increasing consumer spending power, Africa’s demand for goods and services continues to rise, creating lucrative opportunities for manufacturers looking to expand. As regional integration accelerates, particularly through the African Continental Free Trade Area (AfCFTA), manufacturers have an unprecedented chance to scale operations, access new markets, and build resilient supply chains across the continent.
Regional integration is removing trade barriers, harmonising regulations, and creating a unified market of over 1.4 billion people. This transformative shift enhances intra-African trade, encourages industrialisation, and fosters economic growth. By leveraging cross-border collaboration, investing in regional infrastructure, and sharing expertise, manufacturers can significantly enhance their productivity and competitiveness.
This critical session will be a key discussion at the upcoming Manufacturing Indaba, where industry leaders and experts will explore how businesses can navigate Africa’s evolving industrial landscape, seize emerging opportunities, and position themselves as key players in the continent’s economic transformation.
Key topics to be covered include:
As Africa continues its trajectory toward becoming a global manufacturing powerhouse, the integration of regional economies will be a game-changer. The Manufacturing Indaba will offer practical strategies for manufacturers to capitalise on this evolving landscape, ensuring long-term growth and sustainability.
Join us at the Manufacturing Indaba as we uncover the transformative power of regional integration and explore how manufacturers can thrive in Africa’s industrial evolution.
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Apr 08, 2025
Africa Mining Market
The Opportunity For Manufacturers And The…Africa presents a vast and dynamic opportunity for manufacturers, driven by its abundant resources, youthful population, and rapidly expanding markets. With a growing middle class and increasing consumer spending power, Africa’s demand for goods and services continues to rise, creating lucrative opportunities for manufacturers looking to expand. As regional integration accelerates, particularly through the African Continental Free Trade Area (AfCFTA), manufacturers have an unprecedented chance to scale operations, access new markets, and build resilient supply chains across the continent.
Regional integration is removing trade barriers, harmonising regulations, and creating a unified market of over 1.4 billion people. This transformative shift enhances intra-African trade, encourages industrialisation, and fosters economic growth. By leveraging cross-border collaboration, investing in regional infrastructure, and sharing expertise, manufacturers can significantly enhance their productivity and competitiveness.
This critical session will be a key discussion at the upcoming Manufacturing Indaba, where industry leaders and experts will explore how businesses can navigate Africa’s evolving industrial landscape, seize emerging opportunities, and position themselves as key players in the continent’s economic transformation.
Key topics to be covered include:
As Africa continues its trajectory toward becoming a global manufacturing powerhouse, the integration of regional economies will be a game-changer. The Manufacturing Indaba will offer practical strategies for manufacturers to capitalise on this evolving landscape, ensuring long-term growth and sustainability.
Join us at the Manufacturing Indaba as we uncover the transformative power of regional integration and explore how manufacturers can thrive in Africa’s industrial evolution.
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Join over 65, 400 subscribers and receive our weekly eNewsletter!
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Apr 08, 2025
Africa Mining Market
Rangel’S €6 Million South Africa Investment To Boost…Maia, Portugal-headquartered Rangel Logistics Solutions, a family-owned international logistics company that entered the South African market in 2020, has reaffirmed its commitment to helping Africa realise the potential of the African Continental Free Trade Area (AfCFTA) agreement through the additional investment of €6 million (R125.6 million) in a warehouse in South Africa.
Tiago Pocinho, Rangel Country Manager, says the company takes its commitment to Africa seriously.
Covering an area of 10,000 m² near OR Tambo International Airport, the new warehouse will serve as a central hub for Rangel’s expanding Contract Logistics offering, as announced at the opening ceremony. This facility also provides bonded storage, divided into an OS Bond Store (Operating Store) for goods storage up to 24 months and an SOS Bond Store (Special Operating Store) for storage up to 6 months, as well as cross-docking services. During their stay in the bonded warehouse, goods are exempt from duties and charges, payable only upon release for final destination.
In addition to this investment, the logistics company will also open a new office in Nakop, on the Namibian border, which will augment its current presence in Zambia and Tanzania.
The new warehouse is expected to create at least 160 new jobs, with CEO Nuno Rangel anticipating further growth in line with the Contract Logistics gains.
Since entering South Africa, Rangel’s primary focus has been on transportation and cross-border logistics as it sought to establish a presence at key border points. Having succeeded in this aim, the company is now strengthening its footprint in the logistics sector.
The warehouse enhances Rangel’s South Africa’s logistical capabilities while facilitating trade between neighbouring markets such as Mozambique, Zambia, Angola, the Democratic Republic of Congo, Tanzania, Botswana, Zimbabwe, and Namibia.
“Today, we are becoming a benchmark in transport for the mining sector in the main logistics corridors of the SADC region, from the DRC to the main ports – Durban, Beira, Walvis Bay and Dar es Salaam – carrying out highly demanding and complex operations, especially in the transport of copper (cathods, concentrate, blyster) cobalt hidroxyde and zinc,” adds Nuno Rangel.
Since 2020, Rangel has opened four offices on the main South African borders and expanded its presence to Zambia (2021) and Tanzania (2022), bringing the total investment in the three countries to €7 million. In total, the international operation represents around 20% of the company’s turnover, with South Africa accounting for 8% of that volume.
At the launch ceremony in the warehouse, big enough to house more than 500 average-sized cars, Nuno Rangel said, “we want to be an African company and not only help connect the Southern African Development Community to Europe, but also facilitate trade among African countries”.
Rangel, which was founded in 1980 by Eduardo Rangel, Nuno’s father, invested in South Africa after Whitey Basson, South African businessman and former Shoprite CEO, inspired Nuno Rangel to examine the country’s potential, Nuno Rangel said.
Addressing guests at the stylish event attended by diplomats from Portugal and Botswana, including the Portuguese Ambassador to South Africa, Basson said Shoprite’s growth across Africa was partially the result of it having good logistics capabilities.
Basson also pointed to Africa’s vast potential. The continent is anticipated to see gross domestic product growth of 4% by 2026 according to United Nations figures, with AfCFTA set to play an important role in this expansion.
His Excellency Carlos Costa Neves, the Portuguese Ambassador to South Africa, wished the company great success. “We are safe in the hands of Rangel,” he said;
The bonded warehouse offers operating bond space for goods storage for up to two years as well as a special operating storage that enables goods housing for up to six months.
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Apr 08, 2025
Africa Mining Market
The Opportunity For Manufacturers And The Value Of…Africa presents a vast and dynamic opportunity for manufacturers, driven by its abundant resources, youthful population, and rapidly expanding markets. With a growing middle class and increasing consumer spending power, Africa’s demand for goods and services continues to rise, creating lucrative opportunities for manufacturers looking to expand. As regional integration accelerates, particularly through the African Continental Free Trade Area (AfCFTA), manufacturers have an unprecedented chance to scale operations, access new markets, and build resilient supply chains across the continent.
Regional integration is removing trade barriers, harmonising regulations, and creating a unified market of over 1.4 billion people. This transformative shift enhances intra-African trade, encourages industrialisation, and fosters economic growth. By leveraging cross-border collaboration, investing in regional infrastructure, and sharing expertise, manufacturers can significantly enhance their productivity and competitiveness.
This critical session will be a key discussion at the upcoming Manufacturing Indaba, where industry leaders and experts will explore how businesses can navigate Africa’s evolving industrial landscape, seize emerging opportunities, and position themselves as key players in the continent’s economic transformation.
Key topics to be covered include:
As Africa continues its trajectory toward becoming a global manufacturing powerhouse, the integration of regional economies will be a game-changer. The Manufacturing Indaba will offer practical strategies for manufacturers to capitalise on this evolving landscape, ensuring long-term growth and sustainability.
Join us at the Manufacturing Indaba as we uncover the transformative power of regional integration and explore how manufacturers can thrive in Africa’s industrial evolution.
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Please check your inbox or spam folder to confirm your subscription.mining
Apr 08, 2025
Africa Mining Market
Ventilation At The Core Of Metro Tunnelling: Preparing…As urbanisation accelerates in South Africa, the demand for tunnelling is growing, driven by the need for sustainable public transport systems and expanded water infrastructure. While large-scale tunnelling projects remain limited locally, projects like the potential expansion of the Gautrain network and upgrades to the country’s bulk water infrastructure highlight a growing need for sophisticated tunnelling solutions. At the heart of these projects are advanced ventilation systems, which are critical for ensuring worker safety, operational efficiency, and the functionality of underground tunnel networks. Drawing on ventilation expertise developed in industries like mining, innovative solutions can be adapted to support the sustainable development of future urban infrastructure networks across the country.
Continued urban growth, driven by rural-urban migration in South Africa, will undoubtably require additional public transport infrastructure, bulk water supply, sanitation, and energy systems, many of which depend on sophisticated tunnelling and ventilation solutions. Projects like the recent Gautrain and the Lesotho Highlands Water Project, developed in 1990, have set benchmarks for efficiency and safety, and future expansion of these and similar projects will demand equally innovative approaches.
In tunnelling environments, ventilation and cooling systems are essential in managing underground temperatures and controlling air quality. By circulating fresh air and removing potentially harmful gases, dust, and fumes, these systems ensure compliance with health and safety regulations while safeguarding worker well-being. Much like in the mining sector, where insufficient airflow rates can constrain operations and reduce productivity, effective ventilation in metro tunnelling is fundamental to the success of a project. It supports tunnel and chamber construction while maintaining compliance with health and safety standards throughout the project lifecycle.
Metro tunnels require ventilation and cooling during both construction and operation. During construction, these systems remove contaminants from vehicles and equipment, while in operation, they maintain air quality to protect workers and commuters. Strategic planning and the innovative use of technology are essential to designing systems that meet these needs efficiently. Technological innovations are driving advancements in ventilation systems. This includes inlet guide vanes on fans to ensure optimal flow and pressure, energy-efficient variable speed drives for fan motors, fan staging to regulate air pressure in ducted tunnels, and real-time air quality monitoring through sensors together with human operator oversight and management.
Additionally, the use of ventilation districts to segment ventilation to specific independent working areas or zones during tunnel or chamber development use jet fans to direct air where needed in often very large caverns ranging from 50m2 to 4800m2. These innovations not only improve worker health and safety and functionality but also enhance energy efficiency and sustainability.
By prioritising metro tunnelling as part of urban transport planning, transit systems such as the Gautrain can help reduce reliance on carbon-emitting vehicles, significantly lowering urban carbon footprints while laying the foundation for sustainable urban growth. Effective tunnelling and ventilation solutions not only contribute to safer and more efficient infrastructure but also align with broader goals of environmental responsibility and urban resilience.
As South Africa prepares for future urban infrastructure to alleviate pressure on its existing systems, innovative ventilation solutions will be crucial. These systems will enable safer, more efficient and more sustainable development of critical urban infrastructure, thus shaping a greener, more responsible built environment.mining
Apr 07, 2025
Africa Mining Market
Ventilation At The Core Of Metro Tunnelling: Preparing For South Africa’S Future Urban Infrastructure GrowthAs urbanisation accelerates in South Africa, the demand for tunnelling is growing, driven by the need for sustainable public transport systems and expanded water infrastructure. While large-scale tunnelling projects remain limited locally, projects like the potential expansion of the Gautrain network and upgrades to the country’s bulk water infrastructure highlight a growing need for sophisticated tunnelling solutions. At the heart of these projects are advanced ventilation systems, which are critical for ensuring worker safety, operational efficiency, and the functionality of underground tunnel networks. Drawing on ventilation expertise developed in industries like mining, innovative solutions can be adapted to support the sustainable development of future urban infrastructure networks across the country.
Continued urban growth, driven by rural-urban migration in South Africa, will undoubtably require additional public transport infrastructure, bulk water supply, sanitation, and energy systems, many of which depend on sophisticated tunnelling and ventilation solutions. Projects like the recent Gautrain and the Lesotho Highlands Water Project, developed in 1990, have set benchmarks for efficiency and safety, and future expansion of these and similar projects will demand equally innovative approaches.
In tunnelling environments, ventilation and cooling systems are essential in managing underground temperatures and controlling air quality. By circulating fresh air and removing potentially harmful gases, dust, and fumes, these systems ensure compliance with health and safety regulations while safeguarding worker well-being. Much like in the mining sector, where insufficient airflow rates can constrain operations and reduce productivity, effective ventilation in metro tunnelling is fundamental to the success of a project. It supports tunnel and chamber construction while maintaining compliance with health and safety standards throughout the project lifecycle.
Metro tunnels require ventilation and cooling during both construction and operation. During construction, these systems remove contaminants from vehicles and equipment, while in operation, they maintain air quality to protect workers and commuters. Strategic planning and the innovative use of technology are essential to designing systems that meet these needs efficiently. Technological innovations are driving advancements in ventilation systems. This includes inlet guide vanes on fans to ensure optimal flow and pressure, energy-efficient variable speed drives for fan motors, fan staging to regulate air pressure in ducted tunnels, and real-time air quality monitoring through sensors together with human operator oversight and management.
Additionally, the use of ventilation districts to segment ventilation to specific independent working areas or zones during tunnel or chamber development use jet fans to direct air where needed in often very large caverns ranging from 50m2 to 4800m2. These innovations not only improve worker health and safety and functionality but also enhance energy efficiency and sustainability.
By prioritising metro tunnelling as part of urban transport planning, transit systems such as the Gautrain can help reduce reliance on carbon-emitting vehicles, significantly lowering urban carbon footprints while laying the foundation for sustainable urban growth. Effective tunnelling and ventilation solutions not only contribute to safer and more efficient infrastructure but also align with broader goals of environmental responsibility and urban resilience.
As South Africa prepares for future urban infrastructure to alleviate pressure on its existing systems, innovative ventilation solutions will be crucial. These systems will enable safer, more efficient and more sustainable development of critical urban infrastructure, thus shaping a greener, more responsible built environment.mining
Apr 07, 2025