Category: Mining/Oil & Gas

Can India Lead the Future of Gold by 2047?

Gold has shaped civilizations, inspired economies and connected generations for over five thousand years. Yet, as the world enters an era defined by strategic competition, technological transformation and multilateral collaboration, an important question remains unanswered. Who will lead the Future of Gold? For centuries, nations have contributed to the global gold ecosystem in different ways. Some have emerged as leaders in mining, others in refining, trading, innovation or financial markets. Yet, the future of Gold will demand leadership that extends beyond markets and commodities. It will require ideas, institutions and…

Addressing Africa’s ‘Poverty’ amidst Minerals Abundance: Critical View

Editorial Comment “Emancipate yourselves from mental slavery None but ourselves can free our minds….”  the late Bob Marley said it all, in his “Redemption Song” released in 1980 under one of his most popular albums, “Uprising”.. The need for Africa’s minerals resources rich countries to end the colonial legacy of raw minerals and other natural resources exports over dependency and to re-think, re-image, and re-set natural resource endowment to play a catalytic role in their development agendas, has become more imperative than ever before. South-South Cooperation  The rising geopolitical tensions…

Why the Africa–Middle East–Asia Gold Corridor Could Shape the Future of Global Gold Markets

By Hariharan Sundararajan Founder & President, Global Gold Policy Institute (GGPI) Gold has always occupied a unique position in the global economy. It is simultaneously a commodity, a financial asset, a store of value, a reserve instrument, and a strategic resource. Yet despite its importance, discussions surrounding gold often remain fragmented—focusing separately on mining, refining, trading, investment, or jewellery manufacturing, rather than viewing the gold ecosystem as an interconnected whole. Today, however, structural changes in the global economy are creating an opportunity to rethink how international gold markets can evolve.…

The Digital Trust and Operationalization of Ghana’s Gold Offtake Enablement Layer

A new wind is blowing across Africa’s minerals resources endowment landscape reflected in a paradigm shift from the decades long historic model of exporting the greatest bulk of mineral assets to pragmatic actions being taken towards positioning them for exporting locally refined and value added products in order to maximize economic benefits. Also noted, is a change in appreciating “local content” as if it were simply limited only to how many citizens were employed in various job categories  by foreign minerals extraction companies to a new dawn of higher sense…

Eni’s Gambian, Guinea Entry Tests the Next Frontier in West African Exploration

Eni awarded 1,300 km2 across offshore Block A1 in The Gambia. Energy major also secures reconnaissance rights across 15 deepwater Guinea blocks. Dual deals signal rising confidence in the next phase of MSGBC frontier exploration.Italian energy major Eni has strengthened its position in the MSGBC frontier through a pair of major offshore agreements in Guinea and The Gambia, securing basin-scale acreage across two of West Africa’s least-explored hydrocarbon provinces. The company’s latest expansion places the supermajor at the forefront of the region’s next exploration wave, raising fresh questions about how the region’s improving investment climate and offshore potential…

Gold industry to generate US$5b in export receipts

By:Oliver Kazunga-Senior Reporter,Heraldonline.co.zw,first published,June,19,2026 Speaking at the Chamber of Mines of Zimbabwe annual conference in Victoria Falls, Gold Producers Association of Zimbabwe president Mr Qubeka Nkomo said the industry had regained strong growth momentum, underpinned by record-high gold prices that have strengthened viability and expanded production across the sector. ZIMBABWE’S gold industry is on a strong upward trajectory, with output and export earnings surging sharply as favourable global prices and expansion projects position the sector to generate about US$5 billion in export receipts this year. Last year, the yellow metal,…

Zimbabwe turns to its precious metals and critical minerals to shield itself from the US war

Chinedu Okafor,Africa Business Insider First Published 15 June 2026 02:00 PM. Zimbabwe intends to leverage its projected mineral export revenue, estimated at $6.5-$7 billion for the current fiscal period, as a strategic buffer against economic instability stemming from geopolitical tensions between the United States and Iran. Zimbabwe plans to use its projected $6.5-$7 billion mineral export revenue as a buffer against economic instability due to US-Iran geopolitical tensions. Rising global gold prices, improved platinum group metals outlook, and increased lithium exploitation are expected to boost fiscal performance. Mining is a crucial…

WAMPEX 2026 Opens in Accra with Call for Responsible Mining and Regional Growth

The Minister for Lands and Natural Resources, Honourable Emmanuel Armah-Kofi Buah, has called on West African countries to leverage responsible mining and reliable power to drive industrial growth, job creation and sustainable development across the sub-region. He made the remarks at the opening of the 2026 West African Mining and Power Expo (WAMPEX) in Accra on Tuesday 3rd June 2026 themed “How Can Responsible Mining and Power Accelerate West Africa’s Sustainable Development.” Addressing participants from across Africa and beyond, the Minister noted that global demand for critical minerals continues to…

How Dangote plans to transform Nigeria from an oil exporter into a global fuel powerhouse

For decades, Nigeria exported crude oil, imported fuel and watched global refining hubs capture much of the value in between. Now, Africa’s richest industrialist wants to change that. Dangote Refinery plans to expand its crude processing flexibility from about 40 grades to as many as 130. The move forms part of a broader strategy to transform the Lagos facility into a global refining, trading and export hub. The refinery is preparing to more than double capacity to 1.4 million barrels per day while increasing imports of crude from international markets.…

IEA opposes renewal of Gold Fields Tarkwa mining lease, calls for greater Ghanaian ownership

First Published,13 May 2026 6:31pm   The Institute of Economic Affairs (IEA) has intensified calls for Ghana to prioritise local ownership of its natural resources, opposing the renewal of Gold Fields’ lease for the Tarkwa mines as it approaches expiration in 2027. Speaking at a press conference in Accra, former Chief Justice and IEA Fellow Sophia Akuffo supported calls for increased Ghanaian participation in the management of the country’s mineral resources, stressing the need for greater national control over strategic assets. The IEA said the proposed lease renewal or extension…