Weekly News Round-Up

A round-up of the top developments in African mining this week.

This week, we learned that Zambia has started processing artisanal gold in a push for diversification. According to an announcement from state mining investment company ZCCM-IH, the country has built 10 milling plants to process gold, in a drive to formalise artisanal and small-scale miners and diversify from copper mining. Read more from Reuters.  

Anglo American announced that it was setting aside US$227,500 towards accelerating the fight against gender-based violence, given that it has been on the rise in many countries during the COVID-19 lockdown.
Sibanye-Stillwater announced record quarterly earnings, record gold-mining safety and a sharply falling debt ratio in an operating update for the quarter ended March 31. Read more from Mining Weekly.

Also from Mining Weekly, TSX-listed gold miner and Mining Indaba exhibitor Endeavour Mining started the year on a positive note, as the company announced record first-quarter cash flow. Endeavour has four operating mines across Côte d'Ivoire and Burkina Faso, as well as a development project in Mali.

Mining Indaba 2019 Investment Battlefield runner-up, Orion Minerals, announced that Tembo Capital Mining Fund II LP has continued its strong support of Orion by providing a new unsecured $1.0 million loan facility. Read more from Mining Review.

Kavango Resources outlined the next steps for its highly prospective Botswana project. According to the company, the Kalahari Suture Zone has the potential to be a world-class copper, nickel and platinum group deposit. Read more from Proactive Investors.

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