Weekly News Round-Up

A round-up of some of the top industry stories from across Africa this week…

This week, South Africa mining resilient despite COVID-19 challenges and performed all fronts, according to a PwC report, highlighting the bullish impact of stronger commodity prices and a weaker rand on the key sector. Read more.

Also, South Africa looks to the Mining industry to fuel COVID-19 recovery, banking on rejuvenation of its flagging mining industry to help counter the economic devastation bought by the global pandemic. Read more.

Global base metal mining market to reach 152.4 million metric tons by 2027. Amid the COVID-19 crisis, the global market for base metal mining estimated at 120 million metric tons in the year 2020. Projected to reach a revised size of 152. According to GlobeNewsWire.

The Minerals Council South Africa has welcomed President Cyril Ramaphosa’s further easing of COVID-19 restrictions and the call to rebuild the economy. Read more.

Gold miners seek to expand appeal amid broader investor interest in gold has picked up in recent months. Read more from S&P Global.

2018 Investment Battlefied Champion Thor Explorations is putting Nigeria’s gold reserves on the mining map, continuing to make steady progress at its Segilola gold project and on track to pour first gold in Q2, 2021. Read the full article.

The question that everyone is talking about: Is mining responsible investment enough for an ESG portfolio? Find out more.

Hitachi Construction Machinery Co. Ltd and consolidated subsidiary, Wenco International Mining Systems Ltd are utilising IoT and AI technology. Discover more.

Former CEO of Chamber o Mines, Dr Tony Aubyn has called on indigenous mining entrepreneurs to venture into uncommon areas such as bauxite, manganese and iron ore in order to optimise the potential. Read more.

Reported by Reuters, South32 COO is positively optimistic that the company will close the sale of its South Arica Energy Coal assets to unlisted Seriti Resources this year after the deal took longer than anticipated.

Barrick’s CEO calls for more cooperation in the African mining sector as the average mine life across the gold mining sector has fallen from 20 years to 10 years. Read more.

Anglo American set to expand operations in South Africa, CEO Mark Cutifani has said the company would explore base metals across the country but looking for an adjustment to legislation. Read more.

Lastly, Endeavour Mining is solidifying its position in West Africa. Following the acquisition of SEMAFO in July this year successfully integrating the assets into its operating model. Read more.

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