Weekly News Round-up


Bringing you the latest news in mining from across Africa

Large methane leak detected over South Africa coal-mining region. The Paris-based analytics company (Kayrros SAS) found the leak by parsing European Space Agency satellite observations. Continue reading.

As reported by Reuters, Africa-focused gold miner Allied Gold Corp has hired investment banks for a London listing later in 2021. Taking advantage of renewed investor interest for the mining sector.

One of the world's largest diamonds has been unearthed in Botswana, the country's government has announced. The 1,098-carat stone is believed to be the third-largest "gem-quality" diamond ever found, was presented to President Mokgweetsi Masisi on Wednesday. Continue reading.

LME announced on Wednesday it will donate $1.7million to the charities Pact and the Impact Facility to fund two responsible sourcing projects in Zambia and the Democratic Republic of Congo. Continue reading.

General Motors Co. is raising the stakes in the electric-vehicle race, boosting its investment in future technology for a second time in eight months with plans to spend $35 billion on more than 30 plug-in vehicles by 2025 and a total of four battery plants. Continue reading.

E"Gold announced C$4 million private placement with strategic investment from Crescat Capital. This is to raise aggregate gross proceeds of up to C$4,000,000. Continue reading.

RPMGlobal has announced that it has entered into an acquisition agreement for the Australian headquartered environmental, social and governance (ESG) services company, Nitro Solutions Pty, reports Mining.com.

Anglo American Australia says it is committing another A$5 million ($3.8 million) towards improving safety at its underground coal mines in the country following the release of recommendations from the Board of Inquiry's report into an incident that occurred at its Grosvenor mine in May 2020. Continue reading.

The South African government has launched a formal investigation into claims made on social media of the existence of massive diamonds within easy reach near the town of Ladysmith, about 360 kilometres (224 miles) southeast of Johannesburg. Continue reading.

Canada's Endeavour Mining, West Africa's top gold producer, began trading in London on Monday under the same ticker symbol it has in Toronto. Continue reading.

Top 5 gold stocks in Ghana. It is the 7th largest gold producing country in the world and the largest gold producing country in Africa. View the 5 stocks.

Ma'aden has awarded a new $880 million contract at its Mansourah-Massarah gold mines, marking the company's largest-ever investment in the gold sector. Continue reading.

Global engineering and construction company Fluor, which has been closely associated with South Africa's liquid fuels and chemicals industries since the 1960s, has restructured it's South African operations to align with the unfolding transitions underway in the energy and mining sector. Continue reading.

S&P Global report that South African mining companies are being affected by frequent and prolonged power cuts enacted by state power utility Eskom on May 16 because of recurring breakdowns and failures at several of the country's ageing coal-fired power stations.

Gold Fields' South Deep Gold mine and the NUM and UASA trade unions have concluded a three-year wage agreement for the period 1 March 2021 to 28 February 2024. Continue reading.

The Minerals Council South Africa has welcomed President Cyril Ramaphosa's announcement raising the embedded generation threshold to 100MW from a paltry 1MW. Continue reading.

Exploration geologists from surrounding countries should be allowed into South Africa to boost exploration, according to Mining Weekly.

With investors increasingly putting their resources in companies that focus on ESG, the mining industry has been undergoing a shift to more environmentally friendly practices. Continue reading.

Statistics South Africa reported this week that the domestic mining production increased by 116.5% year-on-year in April 2021. The largest positive contributors were platinum group metals. Continue reading.

Are you an in-house legal professional? Don't forget to check out the Extractives General Counsel Forum, taking place 29-30 June. Held in partnership with Africa Legal and Africa Oil Week. Find out more.
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