The Mining wrap

This week’s Mining Wrap covers mining technology, strategic transactions, mine development, production and supply-chain financing across Africa. Highlights include Nigerian startup Fylings adding mining data to its company intelligence platform, CMOC’s solar and battery-storage programme in the DRC, Fortuna Mining’s US$200 million Senegal acquisition, and Barrick’s restoration of production at Loulo-Gounkoto in Mali.

Mining Technology and Energy

Nigerian Startup Fylings Adds Mining Data to Company Intelligence Platform

Nigerian startup Fylings has expanded its company intelligence platform to include mining-sector data. The system already covers companies across 18 African countries. Founded by Precious Okeke, the platform combines company records with information on procurement contracts, beneficial ownership, sanctions screening and maritime intelligence. Users can search the database in plain language or access the information through an API.

Sandvik Turns Rock Bolts Into Digital Monitoring Sensors

Sandvik has introduced digital systems that allow rock bolts used in underground mines to provide information on ground conditions. Mining operators can use the technology to gather additional data on ground behaviour through support infrastructure already installed underground. This reduces the need for separate monitoring equipment.

CMOC Deploys 623 MWp Solar and 1.8 GWh Battery Storage in DRC

CMOC is expanding renewable power infrastructure around its copper and cobalt operations in the Democratic Republic of Congo. The programme includes 623 MWp of solar capacity and 1.8 GWh of battery storage. The investment is aimed at strengthening electricity supply for its growing mining operations.

Strategic Deals and Investment

Fortuna Mining Acquires Senegal Gold Project for $200 Million

Fortuna Mining has acquired the Bambadji gold project in Senegal from Barrick Mining and IAMGOLD for US$200 million. The 190-square-kilometre project sits next to Fortuna’s Diamba Sud Gold Project. It gives the company control of about 60 kilometres of prospective ground along the Senegal-Mali Shear Zone.

Zijin Gold Completes Investment in Allied Gold

Zijin Gold has completed a strategic investment in Allied Gold, giving the Chinese gold producer exposure to mining operations and projects in Mali, Côte d’Ivoire and Ethiopia. The transaction adds to the growing involvement of international mining groups in African gold assets.

Jubilee Receives Two Offers for Zambia Large Waste Project

Jubilee Metals Group has received two binding offers to acquire its Large Waste Project in Zambia, which contains more than 240 million tonnes of historical mining material. The company is evaluating the proposals after receiving interest from several international buyers. A potential sale would allow Jubilee to redirect capital towards its existing Zambian copper operations and expansion plans.

FQM Partners With Banks to Finance Zambian Suppliers

First Quantum Minerals (FQM) has partnered with banks to improve financing access for Zambian suppliers and contractors seeking opportunities in the mining supply chain. The initiative addresses a practical barrier for local companies that have secured mining contracts but need working capital to deliver them.

Gold, Copper and Mine Development

Barrick Restores Production at Mali’s Loulo-Gounkoto

Barrick is restoring production at Mali’s Loulo-Gounkoto gold complex following its prolonged shutdown in 2025. The restart contributed to the company’s 796,000 ounces of gold production in the second quarter. Barrick has also appointed Sebastiaan Bock as CEO of its Rest of World business, effective immediately. Bock previously led Barrick’s Africa and Middle East business and will oversee its gold and copper operations and projects outside North America.

MMG Produces 33,800 Tonnes of Copper at Kinsevere

MMG’s Kinsevere mine in the DRC produced 33,800 tonnes of copper cathode in the first half of 2026, up 33% from the same period last year. Second-quarter production reached 16,980 tonnes, an increase of 24% year on year. The increase was supported by the continued ramp-up of the sulphide ore processing facilities and higher mining activity. Ore mined in the second quarter rose to 898,217 tonnes. MMG is also developing the Kinsevere Expansion Project, which is designed to extend the mine’s life and support annual copper cathode production of 65,000 to 75,000 tonnes in 2026.

Gold Project Development

Osino’s Twin Hills Gold Project Reaches 60% Construction

Osino Resources’ Twin Hills Gold Project near Karibib, Namibia, is about 60% complete and remains on track for first gold in August 2027. The US$475 million open-pit project has more than 2 million ounces of reserves and a planned 13-year mine life. Its processing plant is designed to handle 5 million tonnes of ore a year. Around 1,500 people are working at the site each day as construction progresses. The project is expected to produce an average of about 162,000 ounces of gold annually.

Bezant Starts Blasting at Namibia Copper-Gold Project

Bezant Resources has started blasting at the Hope open pit at its Hope & Gorob copper-gold project in Namibia. The initial blast involved about 20,000 tonnes of material. The work is intended to expose mineralisation as the company advances development at the project.

Shuka Identifies New Orebody at Kabwe

Shuka Minerals has identified a new orebody at its Kabwe zinc project in Zambia following drilling south of the previously unmined Speaks and Mine Club zones. The discovery gives the company another exploration target as work continues at Kabwe.

Guinea’s Nimba Mining Company Targets Buyers as Bauxite Output Rises

Guinea’s state-owned Nimba Mining Company is developing a commercial strategy to secure buyers for its rapidly increasing bauxite production. The company is targeting 10 million tonnes of output in 2026, with annual production capacity expected to reach 12 million tonnes from 2027.

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