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.

Firstly, Global Research and Consultancy business Wood Mackenzie has stated that more than $1 trillion of investment will be needed in key energy transition metals - aluminium, cobalt, copper, nickel and lithium over the next 15 years to meet the growing demands of decarbonisation. Read the report.

According to a new market research report: Mining Machinery Market - Global Forecast to 2025, published by MarketsandMarkets. The global mining machinery market size is projected to reach USD 36.2 billion by 2025 from an estimated value of USD 29 billion in 2020 at a CAGR of 4.5%. Continue reading.

Aim-listed Bushveld Minerals continues to progress with the hybrid mining grid project being developed at the Vametco vanadium mine on the Western Limb of the Bushveld Complex in South Africa. Continue reading.

Exciting news from Botswana! One of the biggest diamonds ever found has been unearthed in Botswana by a small Canadian miner that keeps discovering huge stones - 998-carat high white diamond, putting it among the five largest stones ever discovered. Continue reading.

Recently, the gold mining space has been surrounded by merger talks, Endeavour Mining is seeking to acquire smaller West African-focused miner Teranga Gold. Continue reading.

Bravura Holdings Ltd owned by Nigerian billionaire Benedict Peters has $1 billion available for the development of a platinum mine in Zimbabwe. The 3,000 hectare (7,4130acre) concession where it plans to dig the mine in Selous. Continue reading.

Rwanda has started an incentive package that seeks to attract investors to invest in mining exploration activities, part of the drive to strategically reposition the country's mining sector in the region, stated by African Mining Market.

SSR Mining: New dividend and shift to higher-margin ounces strengthen investment thesis. The company reported a decent quarter in Q3, with gold production up more than 70% year over year thanks to the Alacer merger. Continue reading.

Reported by Mining Weekly - South Africa's mining production decreased by 2.8% year-on-year in September with the iron-ore sector having made the largest negative contribution and diamonds the largest positive contribution.

African Gold Group: Low-cost Gold Development in West Africa. The company’s low capital project is permitted, featuring low operating costs and presents significant upside, with a focus on gold development. Continue reading.

East Africa Metals isn’t just focusing on developing its Ethiopian gold project as fast as possible in order to take advantage of global gold prices, helping to promote Ethiopia as a lucrative mining destination. Read more.

Flow battery to be paired with solar at South African vanadium mine’s microgrid system. A solar plus storage microgrid being deployed at an alloys mine in South Africa will feature a vanadium flow battery energy storage system, using locally sourced vanadium electrolyte. Read more.

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