Latest Africa News

Macquarie Group Limited reported a 5% increase in net profit to A$3.715 billion for FY2025, driven by growth in asset management and banking segments alongside a robust capital and liquidity position.

Asara Resources has amicably settled its legal dispute with joint venture partner Costa Rica Dos over the Loreto Copper Project in Chile, paving the way for clearer project ownership and collaboration.

Orica Limited reported a 7.7% increase in revenue to $3.94 billion for the half year ended March 2025, but posted a net loss of $89 million due to significant impairment and restructuring charges. Excluding these items, net profit rose 40% to $250.8 million, with the board declaring a higher interim dividend.

Terra Metals has exercised its option to acquire HRM Exploration, significantly expanding its Dante Project tenure in Western Australia’s West Musgrave region. The all-scrip deal positions Terra to accelerate exploration in a mineral-rich province analogous to South Africa’s Bushveld.

CLINUVEL Pharmaceuticals has completed recruitment for its Phase III trial of SCENESSE® in vitiligo patients with darker skin types, setting the stage for first results in late 2026. Early clinical observations suggest promising repigmentation outcomes.

A landmark High Court ruling in South Africa exempts upstream petroleum activities from the Gas Act, easing regulatory burdens for companies like Renergen and Tetra4.

DeSoto Resources is set to commence a major drilling campaign across its dominant landholdings in Guinea’s prolific Siguiri Basin, leveraging historic high-grade gold results and a seasoned exploration team to unlock new discoveries.

African Gold Limited has confirmed the Pranoi Prospect as a third significant gold discovery at its Didievi Gold Project in Côte d’Ivoire, revealing continuous high-grade mineralisation over 600 metres of strike. These promising results enhance the project’s regional potential alongside existing resources.

Askari Metals has revealed a promising reinterpretation of historical data at its Uis Project in Namibia, highlighting significant tin, tantalum, and rubidium mineralisation adjacent to an operating mine. The findings set the stage for an expanded exploration campaign.

Imdex Limited reported a stabilisation in global exploration activity after a prolonged downturn, highlighting resilience despite a 19% revenue dip in 3Q25 and outlining a growth strategy focused on technology and integrated solutions.

Chalice Mining reports significant metallurgical improvements at its Gonneville Project, boosting metal recoveries and revealing a promising iron byproduct that could enhance project economics.

Turaco Gold Limited has updated its Afema Project mineral resource estimate to 3.55 million ounces of gold, marking a 40% increase since August 2024, while retracting a prior production target due to regulatory compliance concerns.