Weekly News Round-up

Bringing you the latest news in mining from across Africa

More than a decade’s worth of global copper supply sitting in discarded waste dumps at mines across the world is set to be the target of fresh attempts to extract the valuable metal, with the help of new technologies, reports Resource Global Network.

Seriti Resources has announced in a statement that all conditions of its acquisition of South32 SA Coal Holdings Proprietary Limited (SAEC) have been fulfilled and the sale is expected to be completed on 1 June 2021. Continue reading.

Copper miners are taking another look at the extracting value from their waste rock dumps, thanks to the record recent copper price rally and the application of new technology. Continue reading.

The demand for improved environmental and social governance (ESG) continues to intensify. Carbon emissions are receiving the most attention due to the fight to prevent further climate change. Continue reading.

B2Gold’s Fekola mine in Mali was the lowest gold operation in Africa in 2020. Eight out of the top ten lowest-cost mines in the region located in West Africa, reports Kitco.

Saudi Arabia will support African countries with investments and loans worth about $1 billion this year to help their economies recover from the Covid-19 pandemic. Continue reading.

Copper mining companies in Zambia, Africa’s second-largest producer of copper after the Democratic Republic of Congo, are at odds with the record prices of copper. Bringing them significantly higher royalty bills than previously under the country’s current tax regime. Continue reading.

The International Council of Mining and Metals (ICMM) is leading an initiative among 28 of the world’s biggest mining companies and equipment manufacturers to collaborate on cleaner and safer mines through the use of next-gen mining vehicles and upgrades to existing vehicles. Continue reading.

Australian Government has announced that it will contribute A$100 million to extend the Junior Minerals Exploration Incentive four more years. Continue reading.

Mail & Guardian reports that platinum group metals are well hedged as countries around the world cut emissions. This according to local industry experts, who say platinum miners are in a good position for a lower carbon future.

As reported by Mining Technology, Ethiopia has reportedly revoked the licences of 27 idle mines as the country looks to encourage production.

Mining companies awarded blocks in Egypt’s Eastern Desert are set to start exploring for gold under a legislative overhaul that seeks eventually to unlock vast untapped mineral resources. Continue reading.

Copper production from the world’s top companies is set to increase by up to 3.8% this year, following a fall of 0.2% in 2020, GlobalData analysis reveals. Last year’s marginal slump saw production drop to 11.76 million tonnes (Mt). Continue reading.

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