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Organisers made big claims about investment flows at the AfDB-backed Africa Investment Forum 2023 Market Days event in Morocco, James Gavin reports from Marrakech.

Australian Securities Exchange (ASX)-listed AuKing Mining has raised $1.25m to fund drilling at the Mkuju uranium project in Namtumbo district.  

Dublin-headquartered investor TechMet has taken an option to invest up to $50m in London Stock Exchange-listed Rainbow Rare Earths’ Phalaborwa project in Limpopo province.

London AIM-listed Arc Minerals has finalised its Domes region copper joint venture (JV) with mining major Anglo American – the latter’s first new Zambian investment in two decades.

London AIM- and Australian Securities Exchange (ASX)-listed Atlantic Lithium has been granted two new prospecting licences near its existing Ewoyaa acreage, where it is developing a spodumene pegmatite mine and ore processing plant.

Canada’s Tantalex Lithium Resources has concluded a lithium marketing offtake agreement with Glencore and secured $5m in convertible loans from the Swiss commodities giant.

Global Atomic Corporation (GAC), developer of the greenfield Dasa uranium mine, said on 10 November the United States government had “expressed support for project financing to proceed”.

Dubai-based port operator DP World has signed a 30-year concession with Tanzania Ports Authority (TPA) to operate and modernise Dar es Salaam Port.

Production is set to increase in Africa’s two main uranium producers, Niger and Namibia, as market prices surge after a decade in the doldrums. The extra output comes largely from recommissioned mines, with the greenfield Dasa project facing delays following Niger’s coup.

Canada’s Tantalex Lithium Resources expects its early stage Manono lithium tailings project to average production of 112,167m t/yr over a six-year life of mine. African Energy spoke to Tantalex chief executive Eric Allard to get the latest details on the project, including the potential for hydroelectric power supply.

Exports of lithium have begun from a number of recently-developed processing plants – many operated by Chinese companies – as Zimbabwe looks to better exploit its large resources of a vital energy transition mineral. However, recent figures show overall production has been declining this year, writes Tonderayi Mukeredzi.

Australian Securities Exchange (ASX)-listed Leo Lithium said on 14 September it had agreed a deal that will see China’s Ganfeng Lithium Group fund $137.2m of costs at the Goulamina joint venture (JV) in exchange for an extra 5% stake in project vehicle Mali Lithium BV (MLBV).

Australian Stock Exchange (ASX)-listed Lindian Resources has confirmed the timeframe for the expected commissioning of its Kangankunde rare earths project in Malawi. 

Ivanhoe Mines has opted for commercial and industrial (C&I) supply from an independent power producer (IPP) for its Platreef project in Limpopo province, becoming the latest large South African offtaker to respond in this way to the woeful performance of utility Eskom.

Canada’s Ivanhoe Mines is expanding its use of hydroelectric power (HEP) wheeled across state utility Société Nationale d’Electricité (Snel)’s grid to support its mining activities in Democratic Republic of Congo’s Haut-Katanga province, which include the world-scale Kamoa-Kakula copper mine.