
Rio Tinto has agreed to buy an Australian bauxite mine from Glencore and Mitsubishi for an undisclosed price. A Rio Tinto spokesman said the acquisition remains subject to approval from the Queensland Government and other Australian regulators. No further details about the transaction, including its value or timeline, were disclosed in the announcement.
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Dr. George Elombi, President and Chairman of the Board of the African Export-Import Bank (Afreximbank), has urged African nations, including Nigeria, to cease the export of Lithium, which is essential for electric vehicle (EV) battery production. Nigeria is noted as a significant exporter of Lithium in Africa, although the majority of its exports are not specified in detail.
Vanguard Business·July 3, 2026 at 6:03 AM
South African mining company Kropz, backed by billionaire Patrice Motsepe, will halt phosphate rock production at its Elandsfontein mine, marking a setback for an investment reportedly totalling R2.6 billion. A contractor involved in the project has warned that as many as 238 jobs could be cut as a result of the stoppage. The development highlights mounting difficulties at the phosphate operation, according to Moneyweb.
Moneyweb·September 8, 2026 at 7:18 AM
Zimbabwe has suspended exports of antimony and tungsten as part of a push to encourage domestic processing of its mineral resources, according to Moneyweb. Shipments of ores and concentrates of the two minerals have also been halted under the measure. The move aligns with efforts to ensure minerals are processed locally rather than exported in raw form, though further details on the duration or scope of the suspension were not provided in the report.
Moneyweb·September 8, 2026 at 8:45 AMThe Democratic Republic of Congo has launched a national databank for critical mineral mapping, according to TimesLIVE. The initiative centralises mining data with the stated aim of boosting investment and strengthening control over the sector. By consolidating information into a single national system, authorities are seeking greater oversight of mineral resources and a more coordinated approach to managing data related to mining activity across the country.
TimesLIVE·September 8, 2026 at 9:00 AM
Nigerian President Bola Tinubu has called on African nations to cease the export of raw minerals and focus on enhancing value addition through processing, technology transfer, and industrial development. He emphasized the need for collaboration among African countries to ensure the continent maximizes its benefits from its abundant mineral resources, according to Premium Times Business.
Premium Times Business·June 24, 2026 at 9:19 AM
President Tinubu inaugurated a lithium plant in Nasarawa, emphasizing the need for Nigeria to advance beyond exporting raw minerals. He stated that the government aims to develop local industries, create jobs, and enhance the country's role in the global clean energy value chain.
Premium Times Business·July 2, 2026 at 8:44 PM