Bringing you the latest news in mining from across Africa

Firstly, South Africa's Nedbank will stop funding new thermal coal mines by 2025 and halt direct funding of new oil and gas exploration as it plans to phase out fossil fuel exposure over the 24 years, announced on Thursday. Continue reading.

The 2009 Africa Mining Vision (AMV) provides guidance for the industrialisation of African countries by leveraging their mining sector, changing the global context since its adoption. Continue reading.

Anglo American's first-quarter production rose 3% year on year despite some operations running at 95% capacity because of Covid-19 disruptions, they announced this week. Continue reading.

UK-Australian resources firm BHP expects to come in at the top half of its iron-ore production guidance of 245mn-255mn t on an equity basis for the fiscal year to 30 June after a strong first nine months in Western Australia (WA) and the restart of the Samarco operations in Brazil, reports Argus Media.

A rise in commodity prices may spell good news for mining companies and investors but there is always a danger that favourable market conditions can give rise to resource nationalism, according to Mining Review Africa.

As reported by Engineering News, mining investment company Ntsimbintle Holdings has acquired a further 13.7% stake in Jupiter Mines making it the Australian-listed miner's largest shareholder. A holding of 19.9% and entrenching its position in manganese mining at Tshipi é Ntle Manganese Mining's mine in the Northern Cape.

Liebherr develops 305 t class T 274 truck; focuses mining business on digitalisation, autonomy and zero emissions, reports International Mining.

ABP sold its €54m stakes in Australian mining group Jupiter mines last week, as the €493bn Dutch pension fund locked heads with the company over the demerger of its iron ore activities. Continue reading.

Petroleum Minister Tareq el Molla met Monday with the newly appointed Canadian Ambassador here Louis Duma to discuss measures to upgrade the mining system in Egypt. The two international bids explore for gold and minerals had been put up, noting that the turnout for gold exploration was particularly unprecedented. Continue reading.

Australia is leveraging off its strength as a mining powerhouse to become the go-to destination for initial public offerings in the resources sector. The Australian Stock Exchange notched up 42 IPOs in mining-related businesses over the past 12 months despite the pandemic. Continue reading.

Shareholders are demanding that portfolios reflect their values, such as sustainability and shared value for all stakeholders. Mining suppliers and technology providers should be looking beyond the customer demands of today to remain relevant to the investors of tomorrow. Continue reading.

Copper was on track for its biggest weekly rise in two months on Friday after solid US and Chinese economic data pushed global stock markets to record highs and several investment banks predicted higher prices for the metal, reports Mining.com.

AngloGold Ashanti has facilitated the establishment of the BG Umoja joint venture in Tanzania. It has been awarded a US$186 million 2-year mining contract for the Nyankanga and Geita Hill underground mining projects. Continue reading.

Labrador Gold announced on Monday that it has closed a non-brokered private placement of 14 million flow-through units at a price of C$0.70 per unit for gross proceeds of C$9.8 million (about $7.8 million). Continue reading.

This week we announced the expansion of the 2022 Advisory Board, designed specifically to represent the voice of the African mining and link industry leaders together. Click here to see all the new board members.