Weekly News Round-up

Hot off the press...

German developer Juwi has signed an agreement with Sukari Gold Mines to supply and build a solar battery hybrid power plant for Egypt's largest gold mine, claiming it will be the world's largest solar hybrid project at an off-grid mine. Continue reading.

South African miner Gold Fields announced a steady first-quarter output last week and approved two projects worth $90million kicking off big capital spending plans for 2021, reports Reuters.

It's no secret that environmental, social and governance (ESG) standards have recently been at the forefront of the global mining industry in the hope to attract investment. Continue reading.

As reported by Mining Global, Barrick Gold has reported a 78% jump in first-quarter profit, beating analyst expectations thanks to rising gold and copper prices and on track to meet annual forecasts.

With pressure rising from investors, customers and regulators to incorporate environmental, social and governance (ESG) targets into corporate strategy, mines are increasingly focused on demonstrating their commitment to these goals. Continue reading.

Ghana-focused gold miner Golden Star doubles net income in the first quarter. Totalling 40.1 thousand ounces from the company's Wassa mine in Ghana, in line with Q1 2020 and Q4 2020 performance. Continue reading.

The Minerals Council of Australia said on Tuesday it is extending temporary investment incentives for a further year to encourage business expenditure on equipment and technology. Continue reading.

Mining companies need to invest nearly $1.7 trillion in the next 15 years to help supply enough copper, cobalt, nickel and other metals needed for the shift to a low carbon world, according to consultancy Wood Mackenzie. Continue reading.

U.S. commodity trader Gerald Group will pay Sierra Leone $20 million and cede a 10% stake in an iron ore project as part of the resolution to a nearly two-year dispute that led to the shutdown of production. Continue reading.

Anglo American has released a comprehensive update of technologies being developed and implemented across its mining operations, as well as further detail on the company's carbon neutrality energy strategy. Continue reading.

Argus Media reports South African bank Nedbank has halted all direct funding of new oil and gas exploration projects as part of its commitment to align its business with the Paris climate agreement's goals. Continue reading.

The Fraser Institute Annual Survey of Mining Companies 2020 report has placed Botswana as the highest-ranking country in Africa on attractive mining policies in Africa, according to AllAfrica.

South African lender Absa ABGJ.J expects a tenfold year-on-year profit leap in the six months to June 30, it said on Thursday, citing cost controls and reduced bad debts. Continue reading.

South Africa's total mining output jump 21.3% year-on-year in March compared to a revised contraction of 2.3% in February, Statistics South Africa said on Thursday. Continue reading.

In an attempt to prevent energy firms from offloading mines to less scrupulous companies in order to meet sustainability targets, Citi and Trafigura are encouraging coal giants to invest more in alternative energies. 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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