Weekly News Round-up

Bringing you the latest news in mining from across Africa

On Thursday, Anglo American boosted shareholder payouts to a record $4.1 billion for the first six months of the year, sending its stock up more than 5% after bumper commodity prices lifted first-half profits to the highest ever. Continue reading.

African countries, many of which are heavily reliant on mining, have criticised a move by the tiny Pacific island nation of Nauru to fast-track international negotiations over deep-sea mining, an industry that could hurt their economies. Continue reading.

Exyn Technologies has continued to build its network of distributors, announcing a partnership with Mexico-based World Class Mining to bring autonomous drones to the Mexican mining market. Continue reading.

South Africa's Petra Diamonds has recovered a 342.92-carat Type IIa white rough at its iconic Cullian mine. The company said the diamond is of "exceptional" quality, in terms of both its colour and clarity and that it will likely be sold at the September tender. Continue reading.

Strong tax revenues from the mining sector will help fund more of the government's R38.85 billion support package to South Africans during the Covid-19 pandemic. Continue reading.

German engineering firm Thyssenkrupp is nearing an agreement to sell its mining equipment division to Denmark's FLSmidth. The deal could be announced as soon as this week which would bring to a close month of negotiations between the two companies. Continue reading.

BHP Group has made a C$325 million approach for Noront Resources, rivalling an offer from Australian mining billionaire Andrew Forrest's Wyloo Metals for the Candian nickel-copper miner. Continue reading.

South African coal producers are battling to contain theft and using drones to help ensure the safety of staff and mines, according to some of the industry's biggest companies and consumers. Continue reading.

Mining Giant Vedanta Zinc International has launched a new iron ore product line this year at its Black Mountain Mine (BMM) operations in the mineral-rich Northern Cape province to make it competitive, globally cost-efficient and sustainable. Continue reading.

The recent flight of major international thermal coal producers from South Africa must not be seen as a bad sign for the industry, but an opportunity for local companies to play a meaningful role in the sector. According to bosses of the country's newer coal companies, who reiterated that the carbon-intense resource still has a significant role to play in the energy sector. Continue reading.

Ethos Gold announced on Monday it has arranged a non-brokered private placement offering units priced at C$0.32 each to raise gross proceeds of C$2 million. Continue reading.

Rio Tinto Group plans to spend $2.4 billion building a lithium mine in Serbia, in the latest sign that the biggest miners are pushing into metals poised to benefit from the green energy transition. Continue reading.

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