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Africa News

Arcadia appoints new project manager for Namibia mine

By: Creamer Media Reporter      21st June 2024 ASX-listed Arcadia Minerals has appointed Eugene Coetzee as project manager to oversee the construction of the Swanson tantalum mine, in Namibia. Coetzee brings more than three decades of hands-on experience in engineering and project management across diverse sectors, including mining and... 

Eskom to apply for MES exemptions for four coal stations that will operate beyond 2030

By: Terence Creamer     21st June 2024 Having secured permission to operate five aged power stations under existing minimum emission standards (MES) plant limits until their closure in 2030, Eskom has confirmed that it will be applying for exemption from the MES timeframes and limits for four stations that will remain operational... 

Kendal among the stations for which an exemption from the MES timeframes and limits will be sought
Photo by Creamer Media
Kendal among the stations for which an exemption from the MES timeframes and limits will be sought

Andrada reports higher tin, tantalum production for the quarter ended May 31

By: Darren Parker     21st June 2024 Aim-listed Andrada Mining, which owns operations in Namibia, has announced a 14% quarter-on-quarter increase in saleable tantalum concentrate production to 9 t for the quarter ended May 31, which is the first quarter of its 2025 financial year. In its quarterly operational update released on June... 

Andrada CEO Anthony Viljoen
Andrada CEO Anthony Viljoen

Global gold mining major highlights academic partnership with South Africa’s Fort Hare 

By: Martin Creamer     21st June 2024 The University of Fort Hare, where the offspring of mineworkers were the first graduates, has agreed a R12.5-million, initial ten-year academic partnership with gold mining major AngloGold Ashanti, which no longer mines in this country and is now domiciled in London. Fort Hare is the university... 

University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.
University of Fort Hare Vice-Chancellor Professor Sakhela Buhlungu (left) and South Africa President Cyril Ramaphosa.

WAF draws down $265m loan to build Burkina Faso gold project

By: Darren Parker     21st June 2024 ASX-listed unhedged gold mining company West African Resources (WAF) has fully drawn down the $265-million secured loan facility from Sprott Resource Lending and Burkina Faso-based Coris Bank International for the development of the company’s Kiaka gold project, in Burkina Faso, and other... 

China Baowu completes purchases of stake at Simandou project

By: Bloomberg     21st June 2024 China Baowu Steel Group has completed its purchase of a stake in the Simandou project in Guinea, as China’s top steelmaker looks to expand its interest in the world’s largest untapped iron ore mine. Baowu bought an undisclosed stake from Winning Consortium Simandou, which owns the two northern... 

China Baowu completes purchases of stake at Simandou project

Orion, Thungela, Richards Bay Minerals make headlines   

21st June 2024 Mining Weekly Editor Martin Creamer discusses South Africa becoming one of the world’s most compelling short-term investment stories, which is good news for Orion Minerals; Thungela Resources being poised to spend R3.9-billion worth of capital in South Africa going forward; and Richards Bay... 

Orion, Thungela, Richards Bay Minerals make headlines
Orion, Thungela, Richards Bay Minerals make headlines

France's Orano says Niger has removed mining permit for its Imouraren unit

By: Reuters     21st June 2024 French company Orano said on Thursday that Niger had removed a mining permit for its subsidiary Imouraren. Orano said the decision would have a negative economic impact on Niger and added it reserved the right to take legal measures to challenge the decision. 

Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC

By: Reuters     21st June 2024 Barrick Gold said in a letter to the United Nations Human Rights Council on Thursday that allegations of human rights violations at its North Mara gold mine were "misdirected, unfounded" and "lacked substance". The UNHRC's special procedures branch had sent a letter to the Canadian gold miner in... 

Allegations of human rights abuses 'unfounded', Barrick Gold tells UNHRC

Streamlined PPP framework could unlock infrastructure investment

By: Darren Parker     21st June 2024 In February, the National Treasury asked for public comments to be submitted in respect of the newly drafted amendments to the National Treasury Regulations (NTR) 16, and key elements of municipal public-private partnerships (PPPs) legislation, to bring it in line with recommendations based on a... 

Streamlined PPP framework could unlock infrastructure investment

Key EV battery material can come from a surprising source: methane

By: Bloomberg     20th June 2024 Graphite is key to manufacturing the lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon, there’s been a push to grow a US supply chain. Oakland-based startup Molten Industries is working to... 

Dwyka highlights new drone technology at showcase

By: Darren Parker     20th June 2024 Mining technology company Dwyka Mining Services has announced the launch of several new drone technology services through its partnerships with drone technology companies Wingtra, Emesent and now Skydio. At a showcase event hosted at the FNB Stadium, in Gauteng, on June 20, Dwyka announced its... 

A Skydio drone and Boston Dynamics robot dog
Photo by Creamer Media
A Skydio drone and Boston Dynamics robot dog, just two of the tools at Dwyka's disposal

Marula finalising arrangement for first sales from Blesberg project

By: Creamer Media Reporter      20th June 2024 Africa-focused battery metals investment and exploration company Marula Mining’s executive management team is finalising the outstanding logistics and export arrangements for the initial 500 t of spodumene to be sold from the Blesberg project, in South Africa. This initial sale and the receipt of... 

Green copper, vapour refining envisaged at Orion’s Northern Cape base metals mines 

By: Martin Creamer     20th June 2024 Green copper and clean smelting and refining are envisaged at Orion Minerals’ quickly advancing base metals mines in South Africa’s well-endowed Northern Cape province, which has historically produced 2.5-millon tons of copper until base metal mining ceased there several decades ago. The fully... 

This Prieska mine chamber was blasted in the 1970s.
Photo by Creamer Media
This Prieska mine chamber was blasted in the 1970s.

Eskom wins South African appeal to keep five polluting power plants open

By: Bloomberg     20th June 2024 South Africa’s State power utility and biggest source of air pollution won an appeal to keep five of its oldest plants open even though they are set to flout incoming emission caps. The plants - which account for almost a quarter of Eskom Holdings’ almost 45 GW of coal-fired generation capacity -... 

The Matla power plant

Harmony confident of meeting full-year targets, reporting 'exceptional' free cash flow

By: Creamer Media Reporter      20th June 2024 JSE-listed Harmony Gold Mining Company has informed shareholders that it will meet its production, grade and cost guidance for the financial year to end on June 30, and that it continued to generate "exceptional" operating free cash flow on the back of the recovered grades, a higher rand gold... 

Harmony Gold CEO Peter Steenkamp
Harmony Gold CEO Peter Steenkamp

Malawi rail upgrades under way, reports Sovereign Metals

By: Sabrina Jardim     20th June 2024 Upgrades to the 399 km Nkaya–Mchinji railway section connecting the Malawi–Zambia border to the Nacala Logistics Corridor (NLC), are under way, reports ASX- and Aim-listed Sovereign Metals. The railway section runs across the company’s Kasiya rutile/graphite project tenements and it notes that... 

South African manufacturer to provide 275 new container wagons to Lobito railway project

By: Darren Parker     19th June 2024 Joint venture (JV) company Lobito Atlantic Railway (LAR), which is the concession holder for the operation, management and maintenance of the Lobito Corridor spanning Zambia, Angola and the Democratic Republic of Congo (DRC), has placed an order for 275 new container wagons from South African... 

New wagons being built for use on the Lobito railway corridor

NGX makes appointments to drive graphite downstream strategy

By: Creamer Media Reporter      19th June 2024 African graphite explorer NGX has appointed Peter Fox and Surinder Ghag to lead and manage the company’s downstream qualification processes and development strategy for producing battery anode material from its natural flake projects in Malawi. With these appointments, NGX’s plans to... 

Aton further develops Abu Marawat gold concession with promising results

By: Darren Parker     19th June 2024 TSX-V-listed gold exploration and mining company Aton Resources has recently carried out further sampling and mapping programmes over several regional targets at the company’s Abu Marawat Concession-retained exploration areas in the Eastern Desert of Egypt. This ongoing exploration programme has... 

De Beers opens entries for this year’s Shining Light Awards

By: Sabrina Jardim     19th June 2024 Diamond Miner De Beers has announced that entries for the 2024 Shining Light Awards (SLA) jewellery design competition are officially open. The competition falls under the De Beers Group Designers Initiative (DBGDI), a youth beneficiation skills development initiative aimed at inspiring, igniting... 

A poster for the Shining Light Awards

Diamcor seeks to extend closing of second tranche of revised private placement

By: Darren Parker     19th June 2024 Diamond mining company Diamcor Mining is seeking to extend the closing of the second tranche of its non-brokered revised private placement following its announcement on June 4 that it had closed the first tranche. The company previously indicated that the original offering, announced on May 1,... 

Resources Watch  

19th June 2024 This week: Copper 360 on home straight to produce quite a bit of cash, CEO reports; Reserve Bank concern about decline of public markets welcome development; and, Artificial intelligence used to eliminate need for rare earths in permanent magnets 

Resources Watch
Resources Watch

Fast-greening Richards Bay Minerals now eyeing on-site renewables, storage, aggregation  

By: Martin Creamer     19th June 2024 Energy-intensive Richards Bay Minerals (RBM), which consumes an average of 1.8 terawatts of power a year, was able to secure its latest 140 MW wind energy power purchase agreement (PPA) in six months. When operating at full capacity, RBMs, power consumption across its mining and smelting... 

Richards Bay Minerals GM for Growth Strategy Bradley Reddy.
Richards Bay Minerals' Bradley Reddy interviewed by Mining Weekly's Martin Creamer. Video: Darlene Cereamer.

China is building Europe battery supply in Morocco, VW unit says

By: Bloomberg     19th June 2024 China is building a battery supply chain for Europe in Morocco, as the continent struggles to develop its own industry to feed electric-car manufacturing, PowerCo’s operations head said. “We don’t have any supply chain. This has to be set up,” Sebastian Wolf, chief operating officer for... 

Gemfields earns $68.7m in revenue from June ruby auction

By: Tasneem Bulbulia     19th June 2024 London-listed Gemfields Group recorded total auction revenues of $68.7-million from the June auction of mixed-quality rough rubies recovered from the Montepuez ruby mine, in Mozambique. The group reports that 94 of the 97 lots, comprising 217 044 ct, offered for sale in the June auction were sold... 

Rubies produced at the Montepuez mine

JCHX closes in on Zambian copper mine deal as China tightens Africa grip

By: Reuters     19th June 2024 JCHX Mining is close to concluding a deal to buy Zambia's Lubambe Copper Mine, two sources told Reuters, in the latest in a string of copper deals by Chinese companies intent on growing their control of the African copper mining industry. The Shanghai-listed mining services and contracting firm's... 

The Lubambe mine in Zambia
The Lubambe mine in Zambia

Sierra Rutile reports Area 1 fatality

By: Creamer Media Reporter      19th June 2024 ASX-listed Sierra Rutile has suspended operations at a part of Area 1, Sierra Leone, to conduct a review into the death of a worker on site on Monday. Expressing the company’s condolences, MD and CEO Theuns de Bruyn said that it was a sad day for Sierra Rutile and its people. 

Central banks to increase gold holdings in next 12 months - World Gold Council

By: Schalk Burger     18th June 2024 More than eight in ten, or 81%, of respondents to the 2024 Central Banks Gold Reserves survey said they expect reserve managers to continue to increase their gold holdings in the next 12 months. This data, released by the World Gold Council, reflects the highest confidence level recorded since... 

Central banks to increase gold holdings in next 12 months - World Gold Council

Southern Palladium remains committed to advancing Bengwenyama project

By: Martin Creamer     18th June 2024 The completed prefeasibility study (PFS) drilling campaign for the Bengwenyama platinum group metal (PGM) project, on the eastern limb of South Africa’s distinctively endowed Bushveld Complex, is emphasising the robustness of the upper group two (UG2) reef, project developer Southern Palladium... 

Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.
Flashback to the listing of Southern Palladium on the Johannesburg Stock Exchange two years ago.

Diederichs becomes Predictive COO as firm bolsters management to support Guinea project progress

By: Tasneem Bulbulia     18th June 2024 ASX-listed Predictive Discovery has made several key appointments to further strengthen its board and management team, to support progress with the 5.38-million-ounce Bankan gold project in Guinea. Alberto Lavandeira joins as non-executive director, bringing more than 45 years of development and... 

Debswana reports fatality at its Jwaneng mine

By: Reuters     18th June 2024 Botswana's Debswana Diamond Company on Tuesday reported a fatality at its Jwaneng mine following an accident involving a crane and drill rig. The incident, which took place on Monday, involved an employee of one of Debswana's contracting companies, it said in a statement. Investigations into the... 

Debswana reports fatality at its Jwaneng mine

Cluff Africa signs agreement to acquire Zimbabwe lithium permits

By: Schalk Burger     18th June 2024 UK-based mineral resources investment company Cluff Africa has signed a term sheet with Zimbabwe sovereign wealth fund, Mutapa Investment Fund, to acquire 45% in the Sandawana mining permits. This agreement marks the conclusion of a due diligence process. Cluff Africa plans to launch a reverse... 

Thungela poised to spend R3.9bn capital in South Africa 

By: Martin Creamer     18th June 2024 Johannesburg Stock Exchange-listed Thungela Resources is poised to spend R3.9-billion worth of capital in South Africa going forward. An estimated R1.3-billion of this capital expenditure (capex) is scheduled to be spent in the next six months and a further R800-million in the final six months of... 

Thungela Resources active in Mpumalanga.
Thungela Resources active in Mpumalanga.

S&P does not foresee any significant policy shift under GNU

By: Creamer Media Reporter      18th June 2024 S&P Global Ratings does not expect any significant policy shift as a result of South Africa's government of national unity (GNU) formed following the May 29 elections when the African National Council (ANC) failed to secure an overall majority for the first time since 1994. The ANC’s GNU proposal... 

Paul Mashatile and Cyril Ramaphosa at the first sitting of the seventh democratic Parliament on June 14 where Ramaphosa was re-elected President by the National Assembly
Paul Mashatile and Cyril Ramaphosa at the first sitting of the seventh democratic Parliament on June 14, where Ramaphosa was re-elected President by the National Assembly

Global Atomic’s Niger project nearing financing from US development bank

By: Tasneem Bulbulia     18th June 2024 TSX-listed Global Atomic is on the verge of securing financing for the development of the Dasa uranium project in Niger. Among the approaches is a proposed $295-million debt financing led by a US development bank that is progressing towards approval. In addition to debt financing, Global Atomic... 

An image showing a rig at the Dasa project
A rig at the Dasa project

Fraud cops investigating ex-Glencore staff plan to press charges

By: Bloomberg     18th June 2024 British prosecutors investigating former Glencore employees over bribery allegations said they plan to bring long-awaited criminal charges. More than 18 months after first revealing that as many as 11 ex-staffers were under investigation, the Serious Fraud Office told a London judge on Monday... 

Fraud cops investigating ex-Glencore staff plan to press charges

Gecamines threatens to intervene in sale of cobalt firm

By: Bloomberg     18th June 2024 The Democratic Republic of Congo’s state miner said it will need to approve any acquisition of cobalt producer Chemaf Resources if the new owner wants to take over a key mining permit. Chemaf put itself up for sale in September and, although it said in March the process was in its “final stage,”... 

Gecamines threatens to intervene in sale of cobalt firm
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