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.

Soaring metal prices signal bets on global economic recovery. Hopes for the vaccines and stimulus are boosting investor sentiment as part of a vast market rally, according to the Wall Street Journal.

Investment approval for the solar project at the Mogalakwena platinum group metals (PGMs) mine in Limpopo is expected in the first quarter of next year. Read more.

S&P Global has reported that as the pressure on commodity producers for environmental, social and governance issues continues to rise, the lithium sector is recognising the key role in the energy transition is just not enough.

Zambia copper miners bank on electric vehicles. The projects to mine more than one million tonnes of copper in 2021 on the back of rising prices and a shift towards motor vehicles in Asia, Europe and North America. Continue reading.

South Africa’s mining and quarrying industry rebounded 288.3% in the September quarter and contributed 11.8% to GDP growth, Statistics South Africa said yesterday. Read more.

TSX-listed Osino Resources had one vision - finding Namibia's next significant gold deposit. Since achieving this objective, the company is now focused on advancing its Twin Hills discovery. Continue reading

The trajectory of gold prices during the global pandemic has been second to none, recently reaching its record high. Traders are still tackling the precious metal's movement as experts forecast prices ranging from $2,300 in the coming months to as high as $3,000. Continue reading.

Angola invites Indian companies to invest in diamond mining, the Gem & Jewellery Export Promotion Council said. The country is the third-largest producer of diamonds in Africa, only exploring 40% of the diamond-rich territory but has difficulty attracting foreign investment. Continue reading.

Copper rockets on the economic recovery, rising to 12.24% in November the best month in 4 years. Trading as high as $7,615 per ton - highest since 2013. Continue reading.

Lucapa Diamond Company (LOM) has recovered yet another diamond of more than 100 carats from its Lulo alluvial mine in Angola. The 16th diamond of more than 100 carats recovered from the Angolan mine to date, with three now having been recovered in 2020 alone. Continue reading.

Has the COVID-19 pandemic led to more industry automation? The changes are likely to lead to lower costs and smaller, cleaner mines where more can be done with fewer people, the officials said. Continue reading.

Glencore's 'net-zero emissions' 2050 pathway includes the use of BEVs. The company has committed to reducing its total emissions footprint - scope 1, 2 and 3 - by 40% by 2035 compared with 2019 levels, with an ambition of achieving "net-zero" on its total emissions footprint. Continue reading.

The mining of platinum group metals is surging - moving up more than 25% as demand for platinum and palladium grows. Continue reading.

Path to net-zero: more mining companies are setting targets to reduce emissions, strengthening their corporate sustainability goals in recent months and intensifying pressure to act on climate change as the global economy depends on the materials produced by the mining and metals sector. Read more.

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