Driving sustainable investment in African Mining

Weekly News Round-up

04 Feb 2022 | Market News

Bringing you the latest news in mining from across the industry

Mining and Metals 2022: ESG and energy transition – the sector’s biggest opportunity. Continue reading.

While mining companies have often proved unreliable investments for those clients focused on income, there is considerable evidence it could be different this time. Continue reading.

Countries seeking more cash from mining put pressure on energy transition costs. Continue reading.

Big miners are under pressure to increase their exposure to minerals needed to drive the electric vehicle revolution, have so far opted for the cautious approach of joint ventures with small epxlorers rather than buying them outright. Continue reading.

A number of large asset managers are planning to step up their engagements with mining companies after the Church of England Pension Board said it would vote against board chairs at companies which were lagging on tailings safety. Continue reading.

Caracal Gold has updated the market on the board’s decision to now accelerate implementation of the final phase of its’ initial three-phase operational plan to further increase gold production and improve efficiencies at its flagship Kilimapesa Gold Mining and processing operations in Kenya. Continue reading.

Amended legislation has attracted gold exploration investments in Egypt, which is also working on building its first refinery. Speculation abounds on a brighter future for the Egyptian gold industry, whose deterioration was brought on by different issues that have lingered for decades. Continue reading.

The Target 1 Gold Mine, which is owned by Harmony Gold, produced 72,146 oz of gold in 2020. Located at the Welkom gold fields, the proven and probable mineral reserved were estimated at 5.1 million tonnes (Mt) grading 4.28g/t gold, as of June 2020. Continue reading.

The government’s move to engage local investors in the mining sector will boost Ethiopia’s economy and improve the livelihoods of citizens. Economists said, calling for stiff measures to halt frauds in the production permits. Continue reading.

The global smart mining market is expected to grow by 16.3% CAGR and be worth US$43,511.2mn by 2028, according to a Coherent Market Insights report. Continue reading.

Australia-based coal mining company MC Mining intends to sign a convertible advance and subscription agreement with Senosi Group Investment Holdings Proprietary to raise $5.6m. Continue reading.

Gold prices firmed about the key $1 800-level on Tuesday as investment demand strengthened, with a weak US dollar and Treasury yields offering further support. Continue reading.

Multinational mining company, Endeavour Mining, has announced the discovery of a record three million ounces of gold, registered in the measured and indicated (M&I) categories and 900,000 ounces of inferred resources in 2021 across its sizeable portfolio of West African assets, exceeding its target of 2.5 million ounces. Continue reading.

South Africa’s minerals and energy minister Gwede Mantashe rallied behind the nation’s coal producers, emphasising that fossil fuel will still be used for decades. Continue reading.

The value of natural resources is often determined by their scarcity and value for our modern economies – and in 2022, the notion of ‘value’ in increasingly broad, covering not just commercial dynamics but ESG and sustainability considerations. Continue reading.

Mining and bank stocks supported London’s FTSE 100 on Tuesday as metal prices and bond yields rose ahead of a widely anticipated Bank of England meeting later in the week. Continue reading.

Perseus Mining has struck a deal to acquire a 15% stake in Canadian junior Orca Gold from Resolute Mining, which will give the Australia gold producer stakes in two promising assets in North and West Africa. Continue reading.

A recent report by BloombergNEF states that global investment in the energy transition totalled $755 billion in 2021 – a new record – off the back of rising climate ambitions and policy action from countries around the world. Continue reading.

If you have an interesting piece of news or analysis that you think our #mining community would benefit from reading, send it to [email protected].
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