Africa’s mining sector has seen a flurry of activity this week, ranging from major financing agreements to leadership changes and exploration progress across the continent.
Orion Minerals has advanced plans to revive its flagship Prieska Copper Zinc Mine in South Africa, signing a non-binding term sheet with Glencore for up to US$250 million in financing and concentrate offtake. The move marks a significant step in bringing the historic operation back into production.
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In Angola, Pensana Plc announced the appointment of Karen Brown as Chief Operating Officer, effective 1 October 2025. She succeeds Rocky Smith, who will remain involved in a consulting role as part of the team developing the Longonjo Project.
Exploration momentum is also picking up. Altona Rare Earths has begun its resource drilling programme at the Monte Muambe Project in Mozambique, with the first hole, MM111, underway.
Meanwhile, Rome Resources reported encouraging assay results at its Mont Agoma prospect in the Democratic Republic of the Congo, confirming significant tin, zinc and copper mineralisation.
South Africa’s Steenkampskraal Monazite Mine (SMM) confirmed it has received the first tranche of funding from the Industrial Development Corporation (IDC) to construct Phase 1 of its Metallurgical Implementation project. The mine is recognised as one of the world’s highest-grade rare earth and thorium deposits.
In Namibia, Andrada Mining Limited reported a strong operational performance for the quarter ended 31 August 2025 (Q2 FY2026), highlighted by record tin production and continued progress across its growth initiatives.
Rounding out the updates, West Wits Mining Limited has raised A$17.5 million through a placement to institutional and professional investors, with the funds earmarked to accelerate development of the Qala Shallows project.