Weekly News Round-Up


Top news from this weeks' learn and share curated by the Mining Indaba team

Did you miss our 'Sustainability: Mining for a Low Carbon Future' webinar on Wednesday? Not to worry, you can now watch it on-demand. Featuring speakers from ICMM, BloombergNEF, Fauna & Flora International and World Bank. Watch the webinar.

Levin Sources and Fauna & Flora International have release a new report on strategic entry points for institutional donors wanting to further forest-smart mining (FSM). It highlights how LSM can be anchor instituions around which landscape-level FSM programming can be built and managed through a public-private partnership. Download the report.

EXIM’s #SAAC cites the "$4.7 billion transaction in Mozambique to support the development and construction of an integrated LNG project, and $91.5 million in export financing for a rural electrification project in Senegal." Continue reading.

Ghana urges African governments to allow some independence in mining investment decisions. Commercial principles are a model that other African countries may want to consider replicating. Ghana Infrastructure Investment Fund (GIIF) CEO Solomon Asamoah urged, reported Mining Weekly.

Congratulations to the 100 Global Inspirational Women in Mining List, featuring 22 inspirational women from the African mining sector. Explore the list.

Glencore says it is running down coal mines and won’t be replacing them, as part of the company’s efforts to cut “Scoop 3” emissions. Mining companies are under increasing pressure to address indirect emissions. Continue reading.

According to New Zimbabwe, Gold mining investors are pressuring Zimbabwe to change a law forcing producers to sell their output to the central bank. This in part pays them in local currency that’s worthless outside the country.

Endeavour to become West Africa’s biggest gold miner with $2 billion Teranga deal, reported by Reuters. Creating a top 10 gold producer which will list in London, the agreement is a breakthrough for the fragmented gold sector for Endeavour.

Surging demand for gold investment opportunities creates a rising opportunity for mining companies. November investors are flocking to gold, silver and other precious metals in record numbers. Read more.

Climate change is exacerbating many of the risks that mines already face in their daily operations and needs to be factored into planning decisions right from the pre-feasibility stage of projects. Continue reading.

The De Beers Group has entered into a mining service agreement at their Venetia Mine with Redpath Australia and Redpath Mining South Africa. After following a rigorous selection process with internationally recognised underground contract mining companies. Continue reading.

The global mining equipment market size is estimated to be around $100 to $105 billion, growing at a global CAGR of 5% through 2025. The 2020 insights on the Mining Equipment Global Market to 2025 report. Read the report.

First Mining Gold Corp. announced the appointment of Stephen Lines as Vice President, Environment and Community Relations, effective 1 December 2020. Mr Lines will be responsible for leading the environmental, permitting and community relations efforts at First Mining. Read more.

Anglo American is on track to exceed its original investment commitment to South Africa, despite COVID-10 impacts, Mining Weekly reports. The company increased its total investment commitment to R100- billion for the current five-year period to 2025. Read more.

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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