Weekly News Roundup 11/10


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.

Africa Finance Corporation supports Nigeria's mining sector. Expressing that their goal is to grow their investments in mining over the next few years. Read more.

Will Africa's mineral wealth have to stay in the ground to protect climate change? As a result of climate change, resource extraction will be impacted as the continent struggles to reach its sustainable development goals. Read more.

Democratic Republic of Congo: Revision of the Mining Code and Regulations. The code forms part of the trend of recent reforms of mining legislation in Africa. Read more.

Disinvestment in the South African mining industry. Coal under threat with the industry undergoing regulatory and structural changes, requiring a minimum BEE status of 51%. Read more.

South Africa's Impala to buy North American Palladium for about $750 million. Marking the miner's first purchase outside of Africa. Read more.

China's Zijin Mining to spend C$194m to increase stake in Ivanhoe Mining. Taking its stake to 14%, leaving two large Chinese companies as the top shareholders. Read more.

Reform awaits - Ghana is Africa's largest gold producer. Ghana's gold output of 4.8 million ounces in 2018 surpasses South Africa's 4.2 million ounces for the first time. Read more.

Mining Companies are edging toward renewable energy options. Starting the transition towards a low-carbon future by investing in wind energy, solar and gas. Read more.

Sierra Leone mine dispute raises fears for resource nationalism. The abrupt cancellation of an iron ore mining licence raised concerns about a resurgence of resource nationalism. Read more

Nobel Chemistry Prize: Lithium-ion battery scientists honoured. Lithium ion battery scientists honoured including oldest-ever Nobel winner, Prof. John Goodenough at 97 years young. More on battery metal developments at Mining Indaba 2020. Read more.
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