Weekly News Round-Up


What’s the latest in African mining? Here’s your weekly roundup of top news stories in the sector, curated by the Mining Indaba team.

The North Mara and Bulyanhulu gold mines have produced near the top end of their production guidance in 2020, their first full year under Barrick’s management, reported by Mining Review Africa.

Finance minister Bwalya Ng’andu announced Zambia isn’t looking to take over more mining companies, nor is the government planning to nationalize the industry. Read more.

Mining bull markets continues, future mergers anticipated according to Africa Oil & Power. Speaking to Nivaash Singh, Co-Head: Mining & Resources, Nedbank CIB, about the current mining market supercycle, ongoing capital flight towards mining operations despite the Covid-19 and interdependence between mining and renewable energy developments.

South Africa’s largest coal mining firm Exxaro Resources will no longer invest in thermal coal assets, however, will continue to supply the Matimba and Medupi coal-fired power plants for as long as these installations are part of South Africa’s mix. Read more.

West Africa is not short of very capable minerals explorers, but few match the track of record of Endeavour Mining, operating six gold mines in Côte d’Ivoire and Burkina Faso with an extensive portfolio of exploration tenements covering +7,000km2. Read more.

Mining industry calls for investment as the Covid-19 vaccination drive gets underway and the country gears up to stimulate the economy, the mining industry can help by increasing job opportunities and attracting investments. Read more.

World-leading power supplier Aggreko has committed to net zero emissions by 2050 and partnering with the world’s biggest miners to use greener energy like solar, wind and natural gas. Continue reading.

Attracting global equity investment to SA mining will require changing the narrative ensuring the sustainability of the sector through the global crisis and underpinning robust overall performance during a bull market for many commodity prices. Continue reading.

Ten insights into 4IR – the state of digital transformation in the South African mining industry. Read more from African Mining Market.

Ivanhoe Capital is a new SPAC, or special purpose acquisition company, is looking to raise $200 million to invest in companies supporting “the electrification of industry and society”, reports Impact Alpha.

Mail’s industrial gold production reached 65.2 tonnes in 2020, slightly higher than the previous year’s record production of 65.1 tonnes, mines ministry statistics showed on Tuesday. Read more.

Diversified miner Anglo American Chief Executive Mark Cutifani shares thoughts on the role of the industry amid the pandemic. Read more.

If you have an interesting piece of news or analysis that you think our #mining community would benefit from reading, send it to marketing@miningindaba.com.
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