Driving sustainable investment in African Mining

Weekly News Round-Up

06 May 2020 | Market News

Surprise! The news round-up has arrived a day early this week! Here are some of the top positive industry stories we’ve spotted.

This week, Anglo American announced the retirement of Dr Mphu Ramatlapeng. An expert on global social welfare and health, Dr Ramatlapeng served as an independent non-executive director and on the Board’s Sustainability Committee since July 2013. Read more from Mining Review.

As part of its free COVID-19 coverage, Mining Journal reported that Mining Indaba sponsor Rio Tinto has invested US$10 million to support local community efforts in Canada and the US to fight COVID-19, drawing on a $25 million fund announced previously.

Across the globe, Vedanta has enabled mass production of Personal Protective Equipment (PPE) in Gurugram (India) in a move aimed at supporting frontline healthcare workers and doctors. Read more.  

In Angola, ASX-listed junior Pensana Metals has been granted a new exploration licence prospective for NdPr rare earth mineralisation adjacent to its Longonjo project. Read more.

Mining Weekly reported that Barrick President and CEO Mark Bristow, who has still to reach his second anniversary as leader of the world’s second biggest gold-mining company, has received a massive 98.83% vote of confidence from employees.

…And in another Barrick story, Mark Bristow joined CNBC Africa’s “Squawk Box” to discuss demand for gold during the coronavirus pandemic and what the “new normal” may look like after the crisis ends. Watch it here.

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