Weekly News Round-up

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

Gold price strong as investors embrace hedging strategy, reported by Mining.com. Gold prices have held support at $1,800 an ounce on Tuesday as investors continue to pile into safe-haven assets over worries about surging coronavirus cases.

The ANC’s discussion document on rebuilding SA’s economy gave the junior mining sector hope in these uncertain times. The document outlines various strategies and plans the governing party has for reconstructing, growing and transforming the economy. Read more.

COVID-19 has accelerated the adoption of data-led mining which in turn could save South Africa's mining industry R213bn in economic value in 6 years through digitalisation, according to Miningmx.

As the world battles the pandemic, the debate about environmental, social and governance concerns have been far from drowned out. The impact on societies across the world appears to have refocused the interpretation of ESG within the mining sector. Read more.

Germany's BMW signs five-year cobalt supply agreement with Moroccan producer Managem in a deal worth $113mn. It’s a move that is set to have significant implications for broken cathode availability. Read more.

Surging copper prices signal optimism about global growth as investors are piling into bullish wagers on copper prices are the commodity joins many riskier assets. Read more.

After securing sufficient funding resources, Kodal Mining will accelerate completion of the next phase of its development projects including the Bougouni Lithium Project in Southern Mali. In addition, the funding will also enable the company to look at new opportunities in the gold space. Find out more.

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