Weekly News Round-up

Hot off the press...

The Democratic Republic of Congo has reinstated an export ban on copper and cobalt concentrates but allowing mining companies that hold waivers to continue with shipments. Continue reading.

South Africa’s third-largest lender is casting its net wider with plans to expand in the U.S., China, Europe, and the Middle East, as the bank looks to grow its client base of companies investing in Africa. Continue reading.

As reported by Business Day, South Africa mining is ripe for foreign direct investment. The recent increase in demand for commodities has led to a concurrent increase in demand in mining, leading to a rise in FDI in mining.

Mineral output is projected to rebound in the second half of this year after production fell across the sector in the first quarter compared to the same period the prior year. Continue reading.

Women in the mining sector could benefit from the AfCFTA. Free trade could help develop value chains and skills, especially for small-scale women miners. Continue reading.

The World Bank has approved $65 million from the International Development Association (IDA) for the Natural Resources, Mining and Environmental management project in Ghana. Continue reading.

Designed and adapted from years of experience in mining truck development, Liebherr has unveiled its new T274 mining truck. Weighing in at 305 tonnes, the vehicle provides fast cycle times, higher production rates, low fuel consumption, and a low cost by weight. Continue reading.

A rare blue diamond recovered at the iconic Cullinan Diamond Mine in South Africa will go to auction in July. A similar rough gem – the 29-carat Blue Moon of Josephine – sold for $25.6 million (R352 million at current exchange rates) in 2014. Continue reading.

Gold Field’s plans to build a 40 MW solar power plant at its South Deep gold mine southwest of Johannesburg. Reducing exposure to national utility Eskom, improve reliability and lower costs, reports The Africa Report.

Foreign direct investment in South Africa fell by almost half in 2020, in line with the worldwide downturn caused by the global Covid-19 pandemic, reports the United Nations Conference on Trade and Development (UNCTAD). Continue reading.

Global miners can continue to expect an “exceptional year of earnings” through 2022 as a broad commodity price rally underpins strong financial results for most actors, according to a new report from Fitch Solutions. Continue reading.

Ghana is one of the leading producers of gold in Africa and the 7th leading producer in the world. Large commercial companies mine the majority of it using heavy machinery, 35% is extracted through small-scale mines. Continue reading.

Africa-focused gold miner Allied Gold Corp, backed by U.S. private equity firm from Orion Mine France Group, has hired investment banks for a London listing later in 2021, taking advantage of renewed investor interest for the mining sector. Continue reading.

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.

Mining Indaba Newsletter

Stay connected with our global mining and finance community.
Register to hear the latest news.