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 Pretoria High Court has issued an interdict preventing a coal mining company from commencing mining and related activities in a strategic water source area, reports Mining Review Africa.

Chariot Oil and Gas is diversifying into renewable energy for mines, under a deal to acquire Africa Energy Management Platform. Continue reading.

The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing demand for metals. Continue reading.

ASX-listed Minbos Resources has been awarded a mining licence for its Cabinda phosphate project, in Angola. Continue reading.

Austalia’s miners urge Europe to define nuclear power and fossil fuels with carbon capture as ‘sustainable’, according to the The Guardian.

Endeavour Mining: A high-margin producer with an enviable organic growth profile, given the strong cash generation expected in FY2021. Continue reading.

Lucapa Diamond Company has completed an expansion project at the Mothae kimberlite mine in Lesotho, Africa as a big to increase group production by 200 per cent. Continue reading.

Australian shares traded flat on Wednesday, tracking a choppy Wall Street, as a retreat in energy and mining stocks due to weaker commodity prices eclipsed gains among healthcare and tech sectors, continue reading.

TSX-V- and Aim-listed Altus Strategies has been granted exploration licenses for three copper and silver projects totalling 252 km2 in the western Anti-Atlas region of Morocco, reports Mining Weekly.

Emerging Cote d’Ivoire gold producer Tietto Minerals has produced more high-grade results from the current 28,000m infill drilling program at its 3.02 million-ounce Abujar Gold project. Continue reading.

The Toronto-based miner Barrick Gold reports ending 2020 with one of the industry’s strongest balance sheets, highlighting its increased quarterly dividend threefold to 9 cents per share since the merger. Continue reading.

Ferro Alloy Resources Ltd, the vanadium mining processing company with operations based in Southern
Kazakhstan, entered into a subscription agreement for up to US$12.6mln with Vision Blue Resources, reports Proactive Investors.

The mining reforms will play a fundamental role in enhancing the sector’s contribution to the employment and GDP of the country, contributing immensely to the vision of Aatmanirbhar Baharat, industry body Ficci stated. Continue reading.

Saudi Aramco has reported a 44.4% drop in net profit for the 2020 financial year, as the COVID-19 pandemic took a chunk out of global fuel demand and prices fell accordingly. Continue reading.

The Export-Import Bank of the United States (EXIM) announced several key appointments to senior staff senior staff positions, bringing distinguished experiences to the Biden-Harris Administration and represent a diverse set of backgrounds and communities. View the press release.

Dr Nombasa Tsengwa has been appointment CEO-designate of diversified mining and energy company Exxaro Resources, effective from May 31, 2023, reports Mining Weekly.

Lithium investment is on the rise, investors are betting big on a lithium comeback less than three years after prices of the metal used in rechargeable batteries collapsed from a record price and sent miners reeling. Continue reading from Mining Global.

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.
Back

Mining Indaba Newsletter

Stay connected with our global mining and finance community.
Register to hear the latest news.