Weekly News Round-Up

 A lot has happened in the sector this week, so we've curated a round-up of top news stories in the mining industry.

Zambian state needs a bigger role in mines to help with the economy revealed Reuters. Zambia must build majority stakes in selected mines to benefits from its mineral wealth beyond taxes, President Edgar Lungu announced on Thursday, as he set out an economic recovery plan.

Is Zinc back on track after a turbulent year of mine supply? The market is set to return to growth, but this is unlikely to happen until after the first quarter. Continue reading.

Pangolin Diamonds reports successful drill programme and diamond exploration update, according to Junior Mining Network.

West Africa’s natural resources have gone untapped due to political unrest. However recently West Africa has been the target of widespread gold exploration by mining companies, staggering new finds have been made. Reported by Investing news.

The mining industry has a female representation of 12%, with progress being made largely on the back of regulatory pressure. Gender diversity could be a key catalyst within the industry.  MiningMx interviewed Deshnee Naidoo on her experience within the industry, continue reading.

Pan -African Resources has announced plans to invest R140 million towards the construction of a 9.975MW solar power plant at its Evander Mines in Mpumalanga to reduce reliance on Eskom. Continue reading.

Rio to invest $10m in low-carbon steelmaking projects. The company is committed with the world’s largest steel producer, China Baowu Steel Group over two years in low-carbon steelmaking projects and research. Continue reading.

Exciting news for Roxgold, receiving mining permit from the government of Côte d’Ivoire to develop and operate the Séguéla Gold Project. The company has commenced early works at the project to protect the project critical path and facilitate a rapid ramp-up to the construction next year. Continue reading.

Africa-focused miner Resolute Mining has signed an agreement to sell the Bibiani Gold mine in Ghana for £105m. The mine will now be acquired by Chijn International (HK), a wholly-owned subsidiary of Chifeng Jilong Gold mining. Read more from Mining Technology.

Reported by Bloomberg, Zimbabwe’s central bank plans to sell a majority stake in the Southern African nation’s sole gold-buying firm in a bid to boost compliance with the trading of the precious metal.
Thursday, Reuters poll discovered, after a strong third-quarter performance, the South African economy will expand 3.9% next year after contracting nearly twice that rate in 2020. Continue reading.

This week, Neo Lithium announced it has closed a strategic equity investment by Contemporary Amperex Technology Co. Limited, the world’s largest EV battery company. Supplying lithium iron phosphate batteries to Tesla, making a sizeable investment in Neo Lithium. Read more from Mining.com.

Microsoft South Africa is working with a partner to showcase the power of technology, focusing on AI and cloud technologies – Mining Core – AI Centre of Excellence. Helping the mining industry accelerate digital transformation and uncover solutions through the adoption of new technologies. Reported by Mining Review Africa.

Anglo American has announced the investment of $500 million in construction for its Woodsmith polyhalite mine in Yorkshire, UK in 2021, following on from the 2020 progress development. Read more.

The Russia-Zimbabwe joint venture Great Dyke Investments declared it will invest US$650m in its Zimbabwe platinum project with the African Export and Import Bank set to be the lead financier. Continue reading from Business Day.

If you have an interesting piece of news or analysis that you think our #mining community would benefit from reading, send it to marketing@miningindaba.com.

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