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Billionaires.Africa is transitioning to a paid version, urging users to subscribe. Meanwhile, ARM, under the leadership of Patrice Motsepe, reported its lowest profit in seven years due to increased costs and a challenging operating environment. In 2024, ARM's profit plummeted by 75% to R2.29 billion ($128.5 million), with revenue declining to R12.92 billion ($722.9 million) from R16.1 billion ($900.8 million) due to lower commodity prices and higher operational costs. Despite the profit decrease, ARM enhanced its total assets to R70.7 billion ($3.95 billion) and equity to R58.1 billion ($3.24 billion), showcasing financial resilience. Patrice Motsepe, Africa's first Black billionaire and a major stakeholder in ARM, has witnessed a wealth growth despite the company's profit challenges. With diverse interests in commodities like iron ore, coal, copper, and precious metals, ARM remains a prominent player in South Africa's mining sector. The decline in profits was offset by ARM's commitment to rewarding shareholders, evident in the final dividend of R9 ($0.50) per share for 2024. While facing market headwinds, ARM's increase in total assets and equity highlights its strong financial standing amid a tough economic landscape.

Excerpt from (Kitco News): Is Canada Failing Its Resource Sector, Economy & Citizens — Frank Giustra & Pierre Lassonde. Watch the full video: https://bit.ly/3VRlkeR Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, hosts Kitco Insights Interactive Mining Titans’ Power Panel with Frank Giustra, CEO of Fiore Group, and Pierre Lassonde, Chairman Emeritus at Franco-Nevada. Giustra and Lassonde warn that Canada is jeopardizing its place on the world stage as it fails its resource sector, economy, and citizens. They also discuss gold hitting new record highs, share their forecasts, and explain the divergence between the price of gold and gold miners. Giustra and Lassonde weigh in on de-dollarization, macroeconomics, bifurcation of the global monetary system, and top geopolitical threats of 2024. #Gold #GoldNews #PreciousMetals #CriticalMinerals #GoldNews #GoldInvestment #Investing #StockMarket #Mining #MiningIndustry #CanadianMining #MiningResourceSector

📰 In this weeks investment note by Old Mutual Wealth Investment Strategist, Izak Odendaal, he Explores the intricate tale of South Africa's modern economy, intertwined with Anglo American's legacy from diamond rushes to global ambitions, and the challenges and opportunities shaping its mining landscape. 🔗 Read the full article here: https://buff.ly/44K3pZJ

Canadian Miners are stepping up their efforts to call out banks, politicians and exchanges who enable manipulation in the financial markets. They want a temporary short selling ban and they want to get rid of  the  Short Market Exemption (SME) in Canada - similar to the market maker exemption in the U.S. Terry Lynch, President of Save Canadian Mining, will be speaking about market manipulation at an event Tuesday evening, September 17th,2024 (link is below) Here is an excerpt from a letter sent earlier this year to the Canadian Deputy Prime Minister "....Naked short selling is now widespread not only within Canada, but globally. A growing concern is that the scale and scope of the market malfeasance as attracted the attention of international criminal syndicates and rogue nations, such as Russia, Iran, and North Korea. There is a high probability that we in the West may be inadvertently funding a significant portion of their ongoing operations at our collective expense; and there is evidence that some of our largest financial institutions may be profiting from the proceeds generated from naked short selling..." Excerpt from letter sent in 2020 to the Ontario Taskforce Committee : "...How anyone can say this isn't the biggest threat to capital markets and democracy itself is beyond me..." https://lnkd.in/eymEkmkN Tuesday, September 17th 2024

ITIC's Daniel A. Witt was once again thrilled to moderate the only tax panel earlier this week at Investing in African Mining Indaba. With remarks by Kurt Burrows, Johnstone Makhubu, Hambani Ngwenya FCCA, FZICA, MBA, and Anibal Mbalango, this year's panel focused on win-win approaches to spur #miningsector #investment and #employment. #MI2024

📉 **Market Update Alert!** 📉 The Australian sharemarket faced a downturn on Tuesday, primarily driven by a significant drop in mining stocks. This retreat reflects broader investor apprehension as the market braces for the release of crucial inflation data in Australia, along with awaited earnings reports from major US tech companies. It's a pivotal moment for investors, signaling a time of caution and reevaluation of strategies in response to global economic indicators and sector-specific challenges. For a detailed analysis of this market movement and insights into how it might impact your investment decisions, click the link below to read the full story. Understanding these shifts is essential for navigating the complexities of the investment landscape. 👉 [Read More](https://lnkd.in/g9T8nwEj) Stay informed and ahead of the curve in these fluctuating times. Connect with us at Meribel Property Buyers Agents for more up-to-date Real Estate News and expert guidance tailored to your investment journey. #InvestmentInsights #MarketTrends #RealEstateInvesting #StayInformed

🙌 I’m extremely happy to share with you the release of a report co-published by Canning House and London Politica, where we analyse the opportunities and risks surrounding Argentina’s mining sector. This report couldn’t have come at a better time, as we share it during London Metal Exchange's #LMEweek, where industry leaders are gathering to discuss the future of global mining. ➡️ In this report, you’ll find: ✅️ Detailed insights into Argentina’s vast mining potential ⛏️ ✅️ Comprehensive maps to highlight key resources and areas of interest 🗺️ ✅️ A thorough analysis of the Incentives Regime for Large Investments (RIGI) ⚖️🧾 ✅️ Key risks investors should watch, from institutional, ESG, to operational challenges ⚠️ This publication is a major milestone for us at London Polirica, and it’s an honour to collaborate with Canning House, a leading institution in Latin American affairs. We are especially proud to release this report in partnership with them, reflecting our shared commitment to delivering high-quality, strategic insights on this dynamic sector, as well as fostering UK-Latin American ties. I would like to especially thank Clorrie Yeomans and Freddy Nevison-Andrews for their willingness to work with us and for being amazing throughout the process. A special thank you to Carlos Cruz Infante for his extremely relevant insights and ongoing mentorship, Ana Sofia German for her unwavering support and Azaria Kidane for his important contributions. Lastly, I don't want to miss Angel A Maldonado who contributed a very insightful map on Argentina's lithium landscape. 👉 Interested in Argentina’s mining potential? 👉 Curious about the risks you need to be aware of in this new landscape? Feel free to give the report a read and get in touch if you'd like to discuss its findings. #Mining #Argentina #RiskAnalysis #ESG #InstitutionalRisk #LMEWeek #CanningHouse #LondonPolitica #politicalrisk #latinamerica

https://lnkd.in/dW5RtjH7 Pan American Silver, the silver mining company is undervalued, according to Wolfteam Ltd.'s projections and estimates. Pan American Silver's intrinsic worth is 220 % the current market capitalization of the company or Pan American Silver is intrinsically 2.2 times more valuable, in Wolfteam Ltd.'s view. #silver #gold #stocks #mining #stockmarket #investing #wallstreet

𝗔𝗡𝗔 𝗕𝗥𝗘𝗔𝗞 𝗡𝗘𝗪𝗦 Visit our website and read our hourly news briefs to keep up with the latest news from the continent. #Investment #Minerals #SustainableDevelopment