Weekly News Round-Up

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

South Africa reveals recovery plan for mining and energy sector, the recovery plan intends to restore business confidence, stimulate investments, safeguard and create jobs in the mining and energy sector, according to ESI Africa.

Mining unions, communities and firms in South Africa are closer after COVID-19, the pandemic has worked as a catalyst to bring together the industry. Read more.

Mining investment to grow for first time in years. The pre-budget economic statement confirmed a FY21 deficit of A$184.5 billion, underlined the importance of the mining sector. Read more.

Silver prices are soaring Silver prices continue the recent surge, gaining 4% on Wednesday to $22.17 an ounce, a seven-year high, amid strength in the gold market. Read more.

Pan African Resources continues to demonstrate the resilience of its operations with improved performance, despite challenges faced by the global pandemic which is going exceptionally well, and to do additional exploration development, reported by Mining Weekly.

Cardinal Resources is pleased that Namdini mining licence has officially received sovereign parliamentary ratification in Ghana. Read more.

Mining companies acknowledge for the second year that their trust deficit with affected communities whilst COVID-19 crisis has shed greater light on the need for transparency and open information-sharing. Data could help mining companies tackle the trust deficit. Read more.

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