Driving sustainable investment in African Mining
24 Jun 2021 | Market News

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Audi AG will be gradually phasing out the production of internal combustion engines by 2033, in a push to achieve net-zero emissions by 2050 at the latest. Continue reading.

2021 Resource Governance Index: Guinea Mining Sector. The Resource Governance Institute, Guinea gained 6 points compared to the 2019 interim evaluation with a score of 62 out of 100, allowing the country to move to the higher "satisfactory" performance band. Read the report.

Australian shares jumped the most since March on Tuesday, rebounding from the previous session's drop as an overnight rally on Wall Street spurred investors to pile into domestic energy and mining stocks. Continue reading.

Bill Gates' investment company in concentrated solar energy startup attracts mining companies. Continue reading.

Miners and oil majors edge FTSE up as commodities gain. The main market edged up 0.08%, or 5 points, to 7,095 as it moved into 'consolidation mode' after a tumultuous start to the week. Continue reading.

Green energy plus inflation, infrastructure and easy money must equal a copper-price rally, it seems to be the thinking of commodity investors, who helped copper prices nearly double since late 2019. Continue reading.

The owner of Spain's Minas de Aguas Tenidas (MATSA) plan to launch the sale of the copper miner on Friday in a deal led by investment banks Bank of Montreal (BMO) and UBS that could fetch up to $2 billion, four banking sources said. Continue reading.

Schneider Electric and Wärtsilä, a global supplier of smart technologies and lifecycle solutions for the marine and energy markets, have partnered to create a more sustainable, uninterrupted power solution for remote lithium mines. Continue reading.

The Democratic Republic of Congo looks set to become one of the world's suppliers of this metal, classified as strategic by the Congolese authorities in 2018, by as early as 2022, reports African Mining Market.

Harmony Gold sustainable development executive Melanie Naidoo-Vermark on Tuesday described the decision of President Cyril Ramaphosa to lift the licence-exemption cap on own or embedded renewable energy plants from 1 MW to 100 MW as "a very welcome opportunity" for the South African mining industry. Continue reading.

African Gold Group makes progress with CSR projects as it prepares for updated definitive feasibility study, reports proactive.

Rio Tinto and other mining giants dragged stocks in London lower on Monday, amid fears that commodity prices were near the top of a cycle and weakness in both iron and copper. Continue reading.

Strategy Business sits down with Anglo American Platinum's CEO Natascha Viljoen to discuss the company's push to enhance safety and sustainability and to support local communities. Read the interview.

South Africa is trying to mitigate the effects of rolling blackouts, which is crippling the economy so that companies can produce more electricity on their own. Continue reading.

South Africa based Sibanye-Stillwater has joined other mining majors aiming for net-zero carbon emissions but wants to achieve its goal 10 years sooner than the typical 2050 ambition. The PGM producer said in its climate change position statement, among a suite of updated ESG policies released on Friday. Continue reading.

Gold prices have fallen to their six-week low, on the back of a surge in the US dollar after the Federal Reserve signalled it might raise interest rates sooner than expected. This has led to broad-based weakness across the gold mining stocks, declining by 10.4% over the past week. Continue reading,

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