Weekly News Round-Up

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

This week, Mining Weekly reported that Anglo American Platinum (Amplats) expects to ramp up its production to between 75% and 80% of capacity by the end of the year, according to CEO Natascha Viljoen. Read more.

Also from Mining Weekly, this op-ed from July Ndlovu, the CEO of Anglo American’s coal business in South Africa, explores the link between preserving lives and preserving livelihoods in mining communities at this difficult time. Read more.

Many media outlets picked up on new research released by Wood Mackenzie which estimates that the gold mining industry will need to invest $37 billion on greenfield projects and restarts in the next 5 years to maintain 2019 production levels. Read more from African Mining Market.

London listed Gem Diamonds announced the close of its latest diamond tender from the Letšeng Mine in Lesotho. Fifteen diamonds sold in H1 2020 for in excess of $1 million each and one diamond for over $5 million. Read the news release.

Ivanplats, the South African subsidiary of Ivanhoe Mines, announced that it has successfully completed the sinking of Shaft 1 to a final depth of 996 m below surface at the company’s palladium, platinum, nickel, copper, gold and rhodium Platreef mining licence. Read the news release.

Shell and IBM have launched a global B2B Digital mining services marketplace platform, aimed at helping mining companies find safety, sustainability, mine planning and operational efficiency solutions. Read more from Global Mining Review.

Not technically breaking news, but this piece from Critical Resource features Gay Huey Evans OBE (Chair of the London Metal Exchange, Non-Executive Director of ConocoPhillips). Gay discusses the threats COVID-19 poses to resource companies, including the heightened risks of financial crime, and what changing investor and consumer demands will mean for the accelerating ESG agenda. Read more.

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