Weekly News Round-Up

A lot has happened in the sector this week, so we've curated a round-up of top news stories in the mining industry.

History has been made when the General Council agreed to select Ngozi Okonjo-Iweala of Nigeria as the organisation’s seventh Director-General. Continue reading.

Anglo American has announced it will contribute US$30 million towards the global rollout of Covid-19 vaccines across its operational footprint. Continue reading.

The amount of platinum held by investors with online gold, silver and platinum market BullionVault almost doubled between January 2020 and 2021. Continue reading.

Anglo American has announced that its Unki platinum mine in Zimbabwe has been assessed against the Initiative for Responsible Mining Assurance’s (IRMA) comprehensive mining standard, achieving the IRM 75 level of performance. Read the press release.

Polluting companies must disclose the full scope of their greenhouse gas emissions or risk confrontation with investors at their annual shareholders’ meeting, asset manager BlackRock announced. Read more from Reuters.

According to Resource Global Network, Rio Tinto has announced the largest annual dividend in its 148-history after new chief executive Jakob Stausholm described as a ‘year of extremes’ for the iron ore producer. Continue reading.

As reported by Reuters, Ford said on Monday it has joined the Initiative for Responsible Mining Assurance (IRMA), which aims to promote the use of third-party assessments of mining practices to protect human rights. Continue reading.

Blasting specialist BME has demonstrated the capability of its AXXIS GII electronic detonation system with a record-breaking blast at a manganese mine near Hotazel in the Northern Cape. Continue reading.

The platinum group metal (PGM) price shows no sign of abating, with several products hitting new highs this week, buoyed by strong demand outlooks and persisting concerns about supply tightness. Continue reading.

Komati’s remaining unit faces closure within two years by state power utility Eskom Holdings SOC Ltd. To shut about a quarter of its coal-fire capacity by 2030. Reported by African Mining Market.

Investment in exploration is crucial to ensure the sustainability of the South African mining industry through the discovery of new projects, but unable to attract a large enough share of the global exploration budget needed to reignite its junior mining and exploration sector. Continue reading.

Ivanhoe Mines are pleased to announce that the company’s South African subsidiary, Ivanplats has signed a non-binding term sheet with Orion Mine Finance, a leading international provider of production-linked stream financing to base and precious metals mining companies. Continue reading.

South Africa’s major banks need to improve transparency around their financing of fossil fuels industries, reported S&P Global. Continue reading.

DuPont and VCs see lithium mining as a critical investment for the electric future. Continue reading.

Automation and digitalisation are becoming critical to the productive future of mining globally as mines get deeper, grades decline and mine investors adhere to the environment, social and governance principles which have pushed health and safety issues in mining to the fore, according to S&P Global. Continue reading.

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