MNG Archive

The African Development Bank Group and the United States Exchange Views on Common Opportunities to Support Economic Transformation

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November 2025 The Deputy Director General of the African Development Bank Group (www.AfDB.org) for West Africa, Joseph Martial Ribeiro, received on 17 November at the institution’s headquarters in Abidjan a high-level American delegation led by Jessica Davis Ba, United States Ambassador to Côte d’Ivoire, and Alex Severens, Alternate Executive Director of the Bank Group for […]

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Barrick Will Pay 430 Million Dollars to Mali to Settle Their Mining Dispute

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November 2025 Barrick Mining is said to have agreed to pay 244 billion CFA francs (430 million dollars) as part of its agreement with Mali, under the deal concluded by the company to end a two-year dispute that led to the closure of the Loulo-Gounkoto gold complex, according to Bloomberg. The payment is expected to

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Metals Traders Are Enjoying Their Most Profitable Year on Record

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October 2025 The world’s metal traders are enjoying their most profitable year ever, after a series of supply upheavals propelled prices toward record highs and drove huge shifts in metal moving across the globe. Glencore Plc and Trafigura Group, which have long competed as the two largest players, are both on track for their best

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Rio Tinto Increases Its Stocks of Simandou to 2 Million Tonnes for the First Shipment

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Rio Tinto has stockpiled 2 million tonnes of high-grade iron ore at its Simandou project in Guinea for a shipment in mid-November, three sources told Reuters, which would be the first from the mega-mine that should reshape global supply and prices. In its third-quarter production report published, Rio declared that SimFer – one of the

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A Kenyan Tribunal Blocks a 2 Billion Dollar Coal Power Plant on a Heritage Site

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A high Kenyan court has blocked the construction of a 2 billion dollar coal-fired power plant near the coastal town of Lamu, which is home to a site listed as a UNESCO World Heritage site. The developers of the 1,050 megawatt installation, majority-owned by Centum Investment Co., failed to ensure adequate public participation, declared Judge

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The AFC Launches a Call for Tenders for the Construction of a Railway Link in Zambia

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October 2025 The Africa Finance Corp. intends to launch a call for tenders from companies for the construction of a new railway link between the copper-rich region of Zambia and an existing line that leads to the Angolan port of Lobito in the coming months. The call for tenders will be divided into three parts,

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“Forget American Critical Minerals.” A Bold Explorer Targets the EU

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Osmond Resources has become something of an excitement machine of late as it works towards confirming the world-class potential of what it calls its Orión EU Critical Minerals Project in southern Spain. This enthusiasm is reflected in the 158% rise in the share price since the beginning of the year, to 1.07 $, for a

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