The MiningWrap BriefNo. 16
Kenmare cuts 15% of Moma staff as titanium prices stay weak
The week in African mining — 26 March 2026.
1Safety & ESGKenmare cuts 15% of Moma staff as titanium prices stay weakKenmare Resources cut 15% of staff at its Moma titanium minerals mine in Mozambique and suspended its dividend after gross profit plunged 79% and a $301.3m impairment pushed it to a $325m net loss.
2MarketsCentral bank gold buying momentum carries into 2026Central banks bought about 863 tonnes of gold in 2025 and were forecast to buy roughly 850 tonnes in 2026, a pace of official demand that has helped underpin record prices.
3CopperIvanhoe ships first copper anodes via Lobito Corridor to AurubisIvanhoe Mines made its first copper export via the Lobito Corridor, shipping high-purity anodes from its new Kamoa-Kakula smelter to Germany's Aurubis for low-carbon refining.
4CoalTop court orders Eskom to disclose secret coal and diesel contractsSouth Africa's Supreme Court of Appeal has dismissed Eskom's bid to keep its coal and diesel supply contracts secret, upholding a High Court order that the utility disclose them.
5CoalThungela slides to R7.1bn full-year loss after R8.8bn impairmentThungela Resources reported a R7.1bn net loss for 2025 after taking an R8.8bn asset impairment, as export coal prices fell 20% in South Africa and 17% at its Australian Ensham mine.