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Africa News

Changes coming to BHP board

By: Esmarie Iannucci     Updated 29 minutes ago Major BHP has announced the retirement of Malcolm Broomhead and John Mogford as non-executive directors at the conclusion of the 2022 annual general meeting (AGM). Broomhead has been a director of BHP since March 2010 and in 2021 the board requested Broomhead seek re-election at the 2021 AGM for... 

Rich nations offer debt guarantees on South African climate deal

By: Bloomberg     Updated 1 hour 58 minutes ago A group of the world’s richest nations offered South Africa debt guarantees as part of a proposed $8.5-billion deal designed to cut the nation’s reliance on coal for power generation, people familiar with the talks said, potentially resolving one sticking point in the negotiations. The guarantees... 

Test site provides platform to trial innovations under real mining conditions 

By: Marleny Arnoldi     20th May 2022 Public–private partnership for innovation the Mandela Mining Precinct’s (MMP’s) test mine is poised to deliver value to mining companies, original-equipment manufacturers (OEMs) and other stakeholders while contributing to the industry’s sustainability. This partnership, aimed at assisting... 

Magazine cover image
Mandela Mining Precinct programme manager Jurgens Visser speaking to Engineering News & Mining Weekly about the test mine at Royal Bafokeng Platinum’s Maseve North mine.

Critical mineral demand of order of magnitude never seen – Sheila Khama  

By: Martin Creamer     19th May 2022 "My genuine sense is that we are going to see a growth in the mining sector of an order of magnitude we haven't seen. I also think that we're going to find that the need for minerals is going to force the world to think that if we can't get minerals on our shore, where else do we get them from? 

Picture supplied
Mining stalwart Sheila Khama spoke to Mining Weekly’s Martin Creamer on critical metals. Video: Darlene Creamer.

Mantashe open to meeting with opposition to seek short-term solutions to power crisis 

By: Terence Creamer     19th May 2022 Mineral Resources and Energy Minister Gwede Mantashe has described as “constructive” a proposal by the opposition Democratic Alliance for a meeting to discuss short-term solutions to the country’s ongoing load-shedding crisis. In his Budget Vote address, Mantashe outlined the initiatives his... 

Minerals Resources and Energy Minister Gwede Mantashe
Photo by Creamer Media's Donna Slater
Minerals Resources and Energy Minister Gwede Mantashe

UBS advises gold investors to manage downside risks for the second half of 2022

By: Darren Parker     19th May 2022 Although investment bank UBS Global Wealth Management strategists Wayne Gordon and Dominic Schnider have guided investors to hold gold as a long-term hedge to avoid adding or building up additional exposure, they have acknowledged the downside risks to forecasts for the second half of this year... 

Gold bars

Afrimat earnings grow on back of normalised volumes, strong iron-ore price 

By: Marleny Arnoldi     19th May 2022 JSE-listed construction materials, industrial minerals and bulk commodities supplier Afrimat performed well in the financial year ended February 28, on the back of favourable iron-ore prices, an expeditious turnaround of the Nkomati anthracite project and a return to normal volumes in both the... 

Afrimat CEO Andries van Heerden
Afrimat CEO Andries van Heerden

Minerals Council backs decision to place Ubank under curatorship

By: Tasneem Bulbulia     19th May 2022 Industry organisation the Minerals Council South Africa says it supports the action taken by the South African Reserve Bank‘s (SARB’s) Prudential Authority to place Ubank under curatorship, positing that it would clear the way to stabilise Ubank, protect depositors and enable the attraction of a... 

South African PGMs explorer raises $19m in IPO ahead of listing on ASX, JSE

By: Chanel de Bruyn     19th May 2022 South Africa-based minerals explorer Southern Palladium, which is focused on platinum group metals (PGM) and which is headed up by MD Johan Odendaal and chairperson Terence Goodlace, has raised $19-million in an initial public offering (IPO) ahead of its listing on the ASX. The company, which has... 

A map indicating the location of the Benwenyama project

Europe gives another lofty boost to green hydrogen, electrolyser targets

By: Martin Creamer     19th May 2022 The European Commission this week took firm steps to again boost green hydrogen production and electrolyser manufacture amid sharply rising consumption targets. The commission’s latest RePowerEU proposals include the raising of its 2030 renewable hydrogen consumption targets for industry to 75%,... 

Picture from archive.
Renewable hydrogen consumption targets elevated.

Botswana Diamonds identifies anomalies indicative of kimberlite pipes

By: Tasneem Bulbulia     19th May 2022 Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Sekaka diamonds prospecting licences, in Botswana, have revealed high-interest anomalies indicative of kimberlite pipes discovered in the vicinity of the KX36 diamond discovery. “These results strongly support our view that... 

Kenmare FD to retire

By: Creamer Media Reporter      19th May 2022 Tony McCluskey will retire as FD of titanium minerals and zircon producer Kenmare Resources after 30 years with the company. He is expected to step down from the Kenmare board on May 26 and from his executive role later this year. 

Manganese mine rail-loading boost being assessed by South32 

By: Martin Creamer     19th May 2022 Diversified mining company South32 is assessing the potential expansion and modernisation of rail loading infrastructure at its Wessels manganese mine in South Africa’s Northern Cape, says South32 CEO Graham Kerr. Kerr, who presented at the Bank of America Global Metals, Mining & Steel Conference... 

Slide screenshot.
Accelerated operational decarbonisation.

Bannerman takes a slice of Namibian rare earths

By: Esmarie Iannucci     19th May 2022 ASX, NSX and OTCQB-listed Bannerman Energy has struck a deal to acquire 41.8% shareholding in TSX-V listed critical minerals explorer Namibia Critical Metals Inc (NMI). NMI’s flagship asset is the 95%-owned, advanced and fully permitted Lofdal heavy rare earths project in Namibia, which is the... 

Edenville seeks to end contract mining arrangement with NextGen

By: Marleny Arnoldi     18th May 2022 Aim-listed Edenville Energy is in discussions with NextGen Coalmine to vary the existing contract mining arrangement the companies have on the Rukwa coal project, in Tanzania, and to potentially take back control of the operations. Edenville believes this will enable the company to capture a... 

Tharisa’s acquisition of Karo considered to be fair to shareholders

By: Darren Parker     18th May 2022 JSE-listed integrated resource group Tharisa’s acquisition of a controlling interest in platinum group metals (PGMs) miner Karo Mining Holdings, which was announced on March 31, has been ruled fair insofar as the shareholders of Tharisa are concerned. The group announced on May 18 that the... 

Creecy offers provinces help to process EIAs for 100 MW embedded projects 

By: Terence Creamer     18th May 2022 Forestry, Fisheries and the Environment Minister Barbara Creecy reports that she has written to provincial environment MECs to enquire whether they require any assistance in processing environmental impact assessments (EIAs) for embedded-generation projects that could help relieve pressure on the... 

Forestry, Fisheries and the Environment Minister Barbara Creecy
Forestry, Fisheries and the Environment Minister Barbara Creecy

Resources Watch  

18th May 2022 This week: Murray & Roberts continues raise boring activities in Africa; CSIR working on multitude of new tech, world-class capabilities; and, Mandela Mining Precinct focusing on rebuilding mineral extraction industry 

Resources Watch image
Resources Watch

Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Picture supplied.
CSIR CEO Dr Thulani Dlamini

South Africa, Namibia among new African Green Hydrogen Alliance’s founding members

By: Tasneem Bulbulia     18th May 2022 South Africa, Namibia and four other African countries on May 18 formally launched the Africa Green Hydrogen Alliance, with the aim to make the continent a frontrunner in the race to develop green hydrogen, to accelerate the transition away from a reliance on fossil fuels and to shift to new... 

An image showing hydrogen economy building blocks
Six African countries have formally launched the Africa Green Hydrogen Alliance to further the hydrogen economy

Grindrod and partners create new export route for Botswana coal 

By: Irma Venter     18th May 2022 Grindrod’s Matola terminal at the Port of Maputo says it has welcomed its second coal train from Botswana. The terminal also managed to successfully discharge the 50 wagons using the terminal’s tipplers. The first train arrived at the port in April, marking a milestone for Grindrod’s Mozambican... 

Image of a coal stacker

Iamgold secures 51% stake in Oriole’s Senala projejct

By: Darren Parker     18th May 2022 Aim-listed exploration company Oriole Resources has announced that its joint venture (JV) partner Iamgold has met the requirements for earning 51% ownership in the Senala gold project, in Senegal. In February, Iamgold notified Oriole that it had duly exercised the first option outlined in an... 

Uranium specialist Patrick Mutz joins Aura board

By: Tasneem Bulbulia     18th May 2022 ASX- and Aim-listed Aura Energy has appointed Patrick Mutz as an independent nonexecutive director of the company, effective May 18. Aura is focused on the development of its 85%-owned Tiris uranium project, in Mauritania. 

De Beers generates $604m in fourth sales cycle

By: Marleny Arnoldi     18th May 2022 Diamond miner De Beers has generated $604-million in revenue for its fourth sales cycle of this year. This compares to revenue of $566-million recorded for the third sales cycle of of this year and $385-million for the fourth sales cycle of 2021.  

Cora records positive drilling results at Mali project

By: Tasneem Bulbulia     18th May 2022 2022 drill programme at its Sanankoro gold project, in southern Mali, and CEO Bert Monro says the latest results from Zone B North once again show shallow oxide mineralisation of good widths and grade. Reverse circulation (RC) drilling highlights from Zone B North include 17 m at 2.85 g/t gold... 

Caterpillar eyes energy transition as growth driver for mining business

By: Reuters     18th May 2022 Construction equipment maker Caterpillar believes demand for critical minerals as the clean energy transition gathers pace will translate to solid returns for its mining business, CEO Jim Umpleby said in an interview on Tuesday. The company is aiming at a global market worth about $5-trillion for... 

204 ct diamond recovered at Mothae

By: Esmarie Iannucci     18th May 2022 Diamond miner Lucapa Diamond Company has recovered a 204 ct white diamond at its Mothae mine, in Lesotho. The diamond was the eight stone of more than 100 ct recovered at Mothae, and the third of more than 200 ct, since the mine started commercial operations in 2019. 

South32 targets 20% output growth by 2023

By: Esmarie Iannucci     18th May 2022 Diversified miner South32 is expecting production volumes to grow by nearly 20% in the next financial year, compared with its 2021 production levels. CEO Graham Kerr told delegates at the Bank of America Global Metals, Mining & Steel Conference that the growth in output targeted for 2023 would... 

An image of South32 CEO Graham Kerr
South32 CEO Graham Kerr

BHP targets Jansen start in 2026

By: Esmarie Iannucci     18th May 2022 Diversified miner BHP is hoping to accelerate production at Stag1 of its Jansen potash project, in Canada. CEO Mike Henry told the Bank of America Global Metals, Mining & Steel Conference, that first production from the $5.7-billion Stage 1 project could be accelerated from 2027 to 2026.  

The Jansen project, in Canada
Photo by BHP
The Jansen project, in Canada

Ten percent of workers at Indian-owned Mozambique coal mine are on strike

By: Reuters     18th May 2022 Over 500 workers at a coal mine in Mozambique owned by a subsidiary of an Indian company have been on strike for a week, the company said in a statement on Tuesday, hurting coal production at a time of peak coal prices. The striking workers, who make up around 10% of the 5 300-strong workforce at... 

Burkina Faso rescuers find no survivors in flooded mine's rescue chamber

By: Reuters     17th May 2022 Rescue workers have found no survivors in a rescue chamber deep inside a flooded zinc mine in Burkina Faso, the government and the mine owner said on Tuesday, all but extinguishing hope that eight missing miners could still be alive after a month. The Perkoa mine, owned by Canadian firm Trevali... 

An image showing one of the galleries during a rescue operation inside Perkoa mine where water is still being pumped out, four weeks after a flood trapped eight miners inside the galleries, in Perkoa, Burkina Faso.
A view shows one of the galleries during a rescue operation inside Perkoa mine where water is still being pumped out, four weeks after a flood trapped eight miners inside the galleries, in Perkoa, Burkina Faso.

Record-breaking emerald Chipembele showcased at Gem Geneva

By: Donna Slater     17th May 2022 An emerald recovered at Gemfields' Zambia-based Kagem mine – which broke the Guinness World Record for being the largest uncut emerald ever found, as verified on April 22 – was showcased during a special ceremony of gem and jewellery show Gem Geneva this month. The special ceremony was held on... 

At Gem Geneva with Chipembele and the Guinness World Record certification, from the left are Liran Eshed (Eshed – Gemstar), Elena Basaglia (Gemfields), Avraham Eshed and Lior Eshed (Eshed – Gemstar).
At Gem Geneva with Chipembele and the Guinness World Record certification, from the left are Liran Eshed (Eshed – Gemstar), Elena Basaglia (Gemfields), Avraham Eshed and Lior Eshed (Eshed – Gemstar).

Ghana starts gold purchase programme to strengthen currency

By: Reuters     17th May 2022 Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday, in a bid to strengthen the cedi currency without increasing inflation. "We have started a bulk purchase program, domestic, where we... 

PGI’s latest jewellery review shows continued demand for premium platinum products

By: Darren Parker     17th May 2022 Market development organisation Platinum Guild International (PGI) has released its latest Platinum Jewellery Business Review (PJBR), in which it highlighted platinum’s prestigious image among jewellery retailers across the globe and their customers. “Platinum’s unique qualities continue to... 

a platinum ring

UP Centre for Future of Work to produce publications, provide advisory services and training

By: Schalk Burger     17th May 2022 The Centre for the Future of Work (CFoW), launched by the University of Pretoria (UP) on May 17, will be Africa’s centre of excellence on the future of work, producing scientific and popular publications, advisory services and training, said CFoW director and UP Faculty of Economic and Management... 

Law firm drawing on giga-scale hydrogen project experience to derisk new ventures  

By: Martin Creamer     17th May 2022 Lack of expertise about getting giga-scale hydrogen projects off the ground is a big problem in the industry, say Allen & Overy South Africa’s Alessandra Pardini and Alexandra Cluver, who believe they know how best it should be done from experience gained through project managing three of the... 

Pictures supplied
International law firm speaks to Mining Weekly’s Martin Creamer on giga-scale hydrogen projects. Video: Nicholas Boyd.

NUM shocked at decision to place Ubank under curatorship

By: Tasneem Bulbulia     17th May 2022 Trade union the National Union of Mineworkers (NUM) says it is “shocked and surprised” by Reserve Bank governor Lesetja Kganyago’s decision to place Ubank under curatorship. The union says this happened despite the Ubank’s board having committed on the night of May 16 that it would raise the... 

Business personalities Kgatle, Van der Burgh form new mining JV

By: Darren Parker     17th May 2022 Business personalities Lucky Kgatle and Quinton van der Burgh have jointly incorporated a new joint venture (JV) named Tlou Commodities, which is aimed at engaging and growing the local mining sector. The JV will pursue the establishment of a successful and sustainable coal and metal conglomerate... 

Business personalities Quinton van der Burgh and Lucky Kgatle
Business personalities Quinton van der Burgh and Lucky Kgatle
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