Weekly News Round-Up

Bringing you the latest news in mining from across the industry

South Africa is seeking cheap finance for more than 400 billion rand ($27.6 billion) of electricity infrastructure as part of its plans to move away from heavily polluting coal, a senior presidency official said on Thursday. Continue reading.

Platinum group metals mining giant Anglo American Platinum (Amplants) has selected Pele Green Energy and EDF Renewables South Africa as the preferred developers to build a 100MW solar PV plant in South Africa. Continue reading.

Hochschild Mining has announced its intention to spin out and list its Chilean rare earths unit Aclara Resources on Toronto Stock Exchange. Continue reading

The world's richest countries are courting South Africa as a model of how to transition to a more climate-friendly future from a dependency on coal. Continue reading.

The United Nations Economic Commission for Africa (UNECA) has announced that Pacific Investment Management Company (PIMCO) will loan the Development Bank of Southern Africa (DBSA) $210 million towards green energy developments. Continue reading.

Some of China's major coal producers have vowed to cap thermal coal prices this winter and next spring after the government asked state-backed firms to ensure stable coal and power supply "regardless of costs". Continue reading.

Junior Tanga Resources, led by a long-time expert in African gold exploration, is increasing its presence in northern Namibia on a gold project, partially in partnership with state-owned Epangelo. Continue reading.

Loncor Gold: 19th October 2021, Shanghai Mining Club - Beijing. Read the project report.

Barrick Gold (GOLD) closed the most recent trading day at $19.42, moving +0.57% from the previous trading session. This change outpaced the S&P 500's 0.37% gain on the day. Continue reading.

IAMGOLD Corp has announced an initial resource estimate for the Gosselin deposit located just Northeast of its Côté gold project in Ontario, Canada. Continue reading.


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