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.

Just announced! Mining Indaba's Head of Content has been hand selected by Mining Review Africa to be one of their judges for Mining Elites in Africa 2021. Read more.

Ethiopian gold exports surged after the central bank offered high prices for the metal in a big to curb smuggling as a part of the wider efforts to spur investment. Read more from African Mining Market.

The Democratic Republic of Congo (DRC) is expected to play a central role in the electromobility transition as a critical supplier of this ‘green metal’. Copper production from the country is forecasted to grow well over 1.6 Mtpa over the next five years. Continue the article.

Despite the adverse impact of COVID-19, coal miner MC Mining narrowed its loss for the financial year ending June 30. Making considerable progress on its strategy prior to the lockdown. Read more.

Gold mining exchange-traded funds continued its recent move higher from chart support on Tuesday after Wells Fargo made bullish remarks about the yellow metal. Read more.

Critical Metals lists in UK with plans for M&A in Africa’s ‘small mine’ market by year-end, according to MiningMx.

Mining company Discovery Africa (DAF) has agreed to purchase 100 per cent interest in the Warriedar gold project. Located within the Yalgoo Mineral Field, approximately 60 kilometres west of Paynes find. Read more.

The London Stock Exchange AIM listed investor in natural resource, Metal Tiger plc has announced that is has subscribed 5,000,000 new shares in Tanga Resources Limited, at a price of A$0.03 per share, for total investment of A$150,000 as part of Tanga’s places of A$7.0 million (gross). Read more.

Innovation drives South Africa’s underground mining industry, reported by Mining Review Africa. Local OEM, Rham Equipment has been responsible for helping the country’s mining industry regain its competitive advantage.

Theta Gold Mines on fast-track to begin gold mining in South Africa. The company is transitioning from developer to gold producer with more than 6 million ounces of resources from under its management, according to Proactive Investors.

JSE-listed Harmony Gold has advised that its acquisition of AngloGold Ashanti’s remaining South African assets closed on October 1. Read more.

Low-carbon future may lead to more mining in high-risk areas. Researchers at the University of Queensland in Australia mapped the countries and regions within them that will likely become mining hotspots as the world moves towards a low carbon future. Read more.

Finally, if you like to keep up to date with the latest developments in African mining, why not check out Mining Indaba’s webinar schedule? The webinars are free to participate in live or watch on-demand at your convenience. Find them here.