What’s the latest in African mining? Here’s your weekly roundup of top news stories in the sector, curated by the Mining Indaba team.
Wednesday saw the launch of Mining Indaba's Virtual Investment Programme, taking place 30-31 March 2021. The Programme is a new service for mining companies, investors and analysts to raise capital, pitch their companies and originate deals. Read the press release.
The mining industry in South Africa has shown resilience and weathered COVID-19. However, companies still need to focus on their strategies when it comes to ESG, according to Mining Review Africa.
Top gold miner Newmont targets to reduce its greenhouse gas (GHG) emissions by 30% in the next decade. It says it will aim to achieve net-zero carbon emissions by 2050, reports Mining Weekly.
South Africa: Abengoa (owned by Bushveld Minerals) to build a solar system at the Vametco mine. The solar power plant will have a storage system using vanadium batteries supplied by Enerox Holdings. Read more.
Stability drives Gaika into US$2m investment, buoyed by a stabilising Zimbabwe dollar. An improved business environment and the Government’s commitment to secure investments in the mining sector. Read more.
Volkswagen joins ‘Cobalt for Development’ initiative and thus supporting efforts to minimise artisanal mining risks to help improve the cobalt mining conditions in the Democratic Republic of Congo (DRC). Read more.
Artificial Intelligence is a touted technology in mining. According to Mining Review Africa, the sector is yet to fully embrace this advanced technology.
Reported by The New Times, there’s a new partnership to ensure transparency in the mineral supply chain. LuNa Smelter, sole producer and exporter of tin in both Eastern and Central Africa has entered a partnership to pilot a tool that will foster transparency in the mineral supply chain in Rwanda.
B2Gold: Look at the price of gold for direction. The gold miner has released its third-quarter results in early November 2020. The results were in line with analysts’ expectation, and the financial profile is now imposing, with long-term debt nearly gone. Continue reading.
Cape Business News discuss the 3 ways mines are creating sustainable water management. Read the full article.
Growing demand for batteries and electric cars coupled with high gold prices by fears over the global pandemic has underpinned a surge in Australian resources and energy projects. Continue reading.
South Africa’s resource company, Exxaro has announced a new supplier development partnership with internationally accredited University of Pretoria’s, Gordon Institute of Business Science. Continue reading.
It’s no secret that investors are putting pressure on gold miners, whose high greenhouse gas emissions have been less scrutinised, to report transparently and take concrete steps to curb them after a rally in prices this year. Continue reading.
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