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Andrada Mining Expands Lithium Ridge Project with New Mineral Discoveries

Andrada Mining Expands Lithium Ridge Project with New Mineral Discoveries

Andrada Mining Expands Lithium Ridge Project with New Mineral Discoveries
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Evolution Mining to Acquire Carnaby Resources in $149 Million Deal, Expanding Copper-Gold Operations

Evolution Mining to Acquire Carnaby Resources in $149 Million Deal, Expanding Copper-Gold Operations

Evolution Mining to Acquire Carnaby Resources in $149 Million Deal, Expanding Copper-Gold Operations
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Belo Sun Mining Corp. Resolves Civil Public Action Without Decision on Merits

Belo Sun Mining Corp. Resolves Civil Public Action Without Decision on Merits

Belo Sun Mining Corp. Resolves Civil Public Action Without Decision on Merits
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Tanzania and Namibia Strengthen Cooperation in Trade and Natural Resources

Tanzania and Namibia Strengthen Cooperation in Trade and Natural Resources

Tanzania and Namibia have agreed to enhance cooperation in several key sectors, including trade, investment, food security, the Blue Economy, natural gas, minerals, and livestock development. This agreement was announced by Tanzanian President Samia Suluhu Hassan during a joint press conference with Namibian President Netumbo Nandi-Ndaitwah in Dar es Salaam. The two countries aim to translate strong political relations into tangible economic benefits for their citizens. They plan to collaborate on marine resource management, fisheries, and fish processing, as well as natural gas and mining through expertise exchange and capacity-building. Additionally, they discussed improving transport and connectivity, including potential direct flights between the two nations.
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Cyberattack Disrupts Angola's Largest Telecom Ahead of Stock Market Debut

Cyberattack Disrupts Angola's Largest Telecom Ahead of Stock Market Debut

Angola's largest telecommunications company, Unitel, experienced a cyberattack that disrupted its mobile, internet, and voice services nationwide. The attack occurred just hours before Unitel's shares were set to begin trading on the Angola Debt and Securities Exchange (BODIVA) following a $329 million initial public offering. Despite the disruption, there is no indication that the cyberattack affected the IPO process or trading infrastructure. The incident highlights the cybersecurity challenges facing telecommunications companies, especially during significant market events.
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Angola's Unitel IPO Raises $329 Million Amid High Demand

Angola's Unitel IPO Raises $329 Million Amid High Demand

Angola successfully raised $329 million through the initial public offering (IPO) of its largest telecom operator, Unitel. The government sold a 15% stake, amounting to 7.5 million shares, at the top end of the price range. The IPO was oversubscribed by 20.72%, with investor demand reaching $396 million. This marks a significant step in Angola's efforts to open its state-dominated economy to private investment. Unitel, which has over 21 million customers, was previously partly owned by Isabel dos Santos, daughter of former President José Eduardo dos Santos. The government nationalized her stake following President João Lourenço's election in 2017. Trading of Unitel shares is set to begin on the BODIVA stock exchange.
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Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges

Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges

Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges
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Anson Resources Seeks to Expand Utah Lithium Project with New Mineral Rights

Anson Resources Seeks to Expand Utah Lithium Project with New Mineral Rights

Anson Resources Seeks to Expand Utah Lithium Project with New Mineral Rights
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Gem Diamonds Sees Revenue Increase Amid Strong Demand for Large Stones

Gem Diamonds Sees Revenue Increase Amid Strong Demand for Large Stones

Gem Diamonds Sees Revenue Increase Amid Strong Demand for Large Stones
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Southern African Nations Urged to Avoid Agricultural Trade Friction for Regional Prosperity

Southern African Nations Urged to Avoid Agricultural Trade Friction for Regional Prosperity

Southern African countries, including Namibia, Botswana, and Mozambique, are increasingly imposing temporary bans on agricultural imports from South Africa. These measures are intended to bolster domestic agricultural production but are causing friction within the Southern African Customs Union (SACU) and the African Continental Free Trade Area (AfCFTA). The bans primarily target fruits and vegetables, with the aim of reducing reliance on South African imports. However, these actions risk undermining regional economic integration and creating uncertainty in agricultural trade. The Citrus Growers Association of Southern Africa has been cited as a positive example of regional collaboration, sharing cultivars and best practices to enhance agricultural productivity across the region.
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Mogotes Metals and Rio Tinto Form Strategic Alliance for Filo Sur Project

Mogotes Metals and Rio Tinto Form Strategic Alliance for Filo Sur Project

Mogotes Metals and Rio Tinto Form Strategic Alliance for Filo Sur Project
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GM has a plan to add billions in profits, but not only from car sales

GM has a plan to add billions in profits, but not only from car sales

GM is chasing a U.S. military contract that could add $1 billion for Chevrolet-based military trucks along with expanding its auto insurance business.