This week saw several notable developments across the mining and metals sector, from major acquisitions to record-setting production updates.

Exxaro Resources finalised the R250 million sale of its ferrosilicon-producing subsidiary, Exxaro FerroAlloys Proprietary Limited, to a consortium led by EverSeed Energy through its wholly owned subsidiary, EverSeed Metal Powders. The transaction became effective on October 31, 2025, following the fulfilment of all conditions precedent.

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In Canada, IAMGOLD Corporation delivered its strongest quarter of 2025, reporting record production and mine-site free cash flow driven by standout performance at its flagship Côté Gold Mine.

The company produced 190,000 ounces of gold in the third quarter, bringing year-to-date output to 524,000 ounces, and achieved trailing twelve-month EBITDA of over $1 billion.

In the Democratic Republic of the Congo (DRC), the replacement of the cobalt export ban with export quotas continues to generate discussion. The policy shift aims to strengthen government oversight, encourage domestic mineral processing, and curb unregulated artisanal mining — long a challenge for the sector.

Also Read: Angola’s mining sector: Brimming with potential

Meanwhile, Europa Metals Ltd signed a heads of terms agreement for the proposed acquisition of Marula Africa Mining Holdings Limited, which includes near-term production assets in Kenya, Tanzania, Burundi, and South Africa.

The transaction will be completed through a share exchange of nine Europa shares for each Marula Africa share. Marula Africa is a wholly owned UK subsidiary of Marula Mining Plc, listed on the AQUIS Stock Exchange in London and A2X Markets in South Africa.

Rounding off the week, General Kinematics, a US-based vibratory equipment manufacturer and system integrator, announced the acquisition of Llambec Technology, a South African company specialising in vibratory equipment for the mining, aggregate, and bulk materials industries. With over 40 years of engineering and manufacturing expertise, Llambec adds significant local capability to General Kinematics’ global operations.

From mergers to market milestones, this week underscored the sector’s ongoing transformation — blending consolidation, innovation, and strategic growth across continents.

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