#mining

The National Union of Mineworkers (NUM) has condemned alleged threats made against its branch chairperson at Impala Platinum Mine. The union's statement highlights concerns regarding the safety and security of its members in the mining sector.

Gold prices have rebounded above $4,180 following disappointing US jobs data, which has led investors to reconsider the outlook for US interest rates. This rally has positively impacted South African gold mining shares and has contributed to a strengthening of the rand.

Alake has issued a warning to mining firms regarding their agreements with host communities, emphasizing that these communities should benefit from the resources extracted from their land. He stated that there will be consequences, including potential revocation of licenses, for companies that fail to meet this responsibility, according to Premium Times Business.

Kogi Governor, Alhaji Ahmed Usman Ododo, has instructed security and revenue authorities to initiate a crackdown on miners who are evading taxes. This directive aims to address the issue of tax evasion within the mining sector in Kogi State, as part of efforts to enhance revenue collection.

Tanzania's mining revenue reached TZS 1.394 trillion (approximately USD 558 million) in the 2025/26 financial year, exceeding the target of TZS 1.2 trillion by 16.13%. This figure represents a 30.2% increase from the previous year's revenue of TZS 1.071 trillion. The mining sector's contribution to GDP averaged 11.9% in 2025, with mineral exports rising by 31.1% to USD 5.4 billion.

The demand for critical minerals such as lithium, vanadium, copper, and cobalt, driven by the global transition to green energy, has implications for deforestation in Africa. Sub-Saharan Africa contains about 30% of the world's mineral reserves, including significant amounts of platinum, chromium, manganese, and cobalt, much of which is located beneath biodiverse forests that play a crucial role in carbon capture and soil health, according to The Conversation Africa.

Tanzania has approved the allocation of 10% of mining sector revenue to finance advanced mineral exploration activities. This funding aims to support high-resolution surveys, identify new mineral-rich areas, attract investment, and enhance the sector's contribution to economic growth.

The Government of Tanzania is considering recommendations to enhance the small-scale mining sector by improving access to finance, technology, and geological information. Proposed measures include the establishment of a mining fund, the expansion of credit guarantees, and support for mineral research, all aimed at increasing employment, reducing poverty, and promoting economic growth.

The Ministry of Mining in Tanzania reported a collection of TSh 650 billion between July and December 2025, surpassing its goal for the period by 109%. This amount represents 54% of the ministry's target for the 2025-26 fiscal year, with the increase in revenue attributed to gold mining activities, according to Tanzania Affairs.