Weekly News Round-up

Bringing you the latest news in mining from across Africa

Australian gold miner Resolute Mining Ltd said on Thursday it would sell its Bibiani mine in Ghana to Canada's Asante Gold Corp for $90million. Continue reading.

Africa-focused mining company Endeavour Mining, one of the world's senior gold producers, announced today that its gold production increased 18% in Q2 2021 over Q1 to 409koz. Continue reading.

The Lithium mining market is expected to reach $1.8 billion by 2022, significantly growing at a CAGR of 7.0%. Continue reading

The race for electric vehicle parts leads to risky deep-ocean mining. Continue reading.

Siemens has launched its SIDRIVE IQ industrial IoT monitoring solution for drive systems at its Virtual Smart Mining Forum, seeking to showcase how the solution can increase drive uptime to improve mining site productivity. Continue reading.

The 2019 Investment Battlefield winner, Thor Explorations reaches milestone first gold pour at the Segilola mine in Nigeria, as the oil giant's first commercial operation. Continue reading.

South African platinum group metals (PGMs) producer Royal Bafokeng Platinum reported that over the first half of 2021, the company's 4E PGMs metals in concentrate production increased by 24.3% to 215.7koz, while its unit cost per 4E ounce decreased by 02.% to R16,649. Continue reading.

London's FTSE 100 ended higher on Monday, led by gains in mining stocks, while a slew of mergers and acquisitions activity helped push mid-cap stocks to record peaks. Continue reading.

Vale Canada Limited has announced a $150 million infrastructure investment to extend the life of its Thompson mining operation by 10 years. The company is also carrying out aggressive exploration drilling to potentially extend the mine's life beyond 2040. Continue reading.

Mining and cement equipment and services supplier FLSmidth announced Thursday that it has entered into an agreement to purchase Thyssenkrupp's mining business, TK Mining, for an enterprise value of €325 million, or about $385 million. Continue reading.

Rio Tinto and Komastu have joined forces to accelerate zero-emission mining haulage vehicles - and the duo are looking at hydrogen as a potential technology. Continue reading.

Solar and solar-plus-storage systems will be installed at two nickel mines in Western Australia for BHP, a supplier to Tesla, while a Rio Tinto ilmenite mine in Madagascar will be powered by a solar-wind-storage hybrid plant. Continue reading.

Southern Africa is part of Germany's platinum-boosting green hydrogen strategy. As the increased level of ambition in climate policy has made it necessary to re-estimate electricity consumption. Continue reading.

The mining industry has begun active engagements with the capital market in a bid to increase local participation in minerals exploration, amid Ghana's declining competitiveness as a destination for gold exploration. Continue reading.

Anglo American says fuel cell-battery hybrid mining truck project at Mogalakewna entering a final phase with testing Q4 2021. Continue reading.

De Beers Jewellers and De Beers Forevermark CEO Celine Assimon reveal how the brand weathered the pandemic and its digital strategies for connecting with a new generation. All whilst bringing sustainability into the spotlight. Continue reading.

Theta Gold Mines (TGM) advises it's raised $10.6 million in additional equity for its TGME Gold Project in South Africa, securing the extra funding via support from German investors. Continue reading.

Newmont's financial results for Q221 materially exceeded our expectations for the third quarter in succession, driven by a 3.8% (or US$111m) positive variance in revenues (of which 2.4% could be attributed to the gold price) and a 2.8% (US$61m) further positive variance in the form of lower costs. Continue reading.

The mining sector in Africa can help to grow economies during and after the Covid-19 pandemic, by harnessing technology and automation, as well as by capitalising on opportunities provided by the green transition, automation company Southern and Eastern Africa CEO Sabine Dall'Omo said on Monday. 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.

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