Latest Africa News

Recce Pharmaceuticals secured a non-binding term sheet with a major Middle Eastern pharma for its diabetic foot infection treatment and raised A$4 million to fund pivotal Phase 3 trials in Australia and Indonesia.

Turaco Gold has appointed Warren King as Project Development Director to lead the Afema Project through its Definitive Feasibility Study and into construction, leveraging his extensive experience in African and Australian gold projects.

Famien Resources’ maiden RC drilling at the Bonougbara Trend delivers multiple gold intercepts, reinforcing the prospectivity of its Cote D’Ivoire portfolio. Further drilling and sampling programs are underway to delineate the emerging mineralised system.

Minbos Resources has cleared key shareholder hurdles to secure a US$5 million loan from Banco de Fomento Angola, aiming to complement existing project finance and accelerate its Cabinda Phosphate Fertilizer Plant development.

Yancoal's June quarter saw a 20% jump in attributable saleable coal production to 10.8 million tonnes, supported by rising realised coal prices and operational improvements. The company advances its strategic growth with the pending acquisition of an 80% stake in the Kestrel Coal Mine, while planning to close Ashton mine by early 2028.

Botala Energy’s Pitse Pilot well 3.5B in Botswana has successfully completed hydraulic stimulation and entered commercial production testing, marking a critical step toward establishing gas flow rates above 70 GJ/day.

Minbos Resources has secured A$4 million in a discounted placement to fund key milestones at its Cabinda Phosphate Project, including mining commencement and plant construction progress.

Entropy Neurodynamics has expanded its global intellectual property portfolio with a South African patent for psilocybin-based fibromyalgia treatment, covering broad therapeutic methods and extending protection to 2043.

South32 has outperformed its FY26 production guidance, boosted quarterly sales by 15%, and announced a strategic sale of aluminium assets to Alcoa for up to US$5.6 billion, pivoting towards a base metals-focused portfolio.

Perenti's subsidiary AMS, through AMAX Ltd, has secured a six-month contract extension at the Iduapriem Gold Mine in Ghana, including the sale of mining equipment valued between A$30 million and A$40 million to AngloGold Ashanti.

Alcoa Corporation delivered a record quarterly revenue of $4 billion in Q2 2026, boosted by strong aluminium prices and operational restarts, while advancing a major acquisition of South32’s upstream assets.

Altair Minerals has unveiled an ambitious and fully funded 75,000m drilling program at its Greater Oko gold project in Guyana, marking one of the largest inaugural gold exploration campaigns in the country. The strategy targets multiple zones including South Oko, North Peters, and new regional prospects, backed by a robust cash position and enhanced operational capabilities.