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Contura name change to reflect metallurgical future

By: Mariaan Webb     22nd January 2021 NYSE-listed Contura Energy on Friday announced that it would change its name to Alpha Metallurgical Resources on February 1. The rebranding effort aims to more accurately relects the company's strategic focus on the production of metallurgical coal as a critical feedstock for steel production.... 

Lily mine not for sale, says Vantage as it plans restart of operations 

By: Donna Slater     22nd January 2021 Owner of the shut Barberton-based Lily gold mine, Vantage Goldfields has countered claims made by political organisation ActionSA president Herman Mashaba that the mine has received two bids by third parties that intend to acquire and reopen the mine. The Lily mine has been closed since a... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

FLSmidth in talks to buy Thyssenkrupp's mining unit

By: Reuters     15th January 2021 FLSmidth is in negotiations with German engineering group Thyssenkrupp to acquire its mining business, the Danish mining equipment maker said on Friday. The negotiations are at a non-binding stage, FLSmidth said, and there can be no assurance as to their result. 

Law firm says ESG most prominent risk beyond pandemic resilience

By: Marleny Arnoldi     15th January 2021 International law firm White & Case says 45% of decisionmakers believe environmental, social and governance (ESG) issues will be the biggest risk to the mining and metals sector this year. The firm reports in its 'Mining and Metals 2021' survey that the global mining and metals sector is facing... 

West Africa-focused Capital continues to build regional platform

By: Simone Liedtke     14th January 2021 West Africa remains a growth area for LSE-listed Capital, which continues to build its platform in the region, with new rigs arriving during the first quarter of the year, as well as the long-term contract secured with Firefinch in Mali and an expansion of operations into Guinea. As the new year... 

Petra Diamonds’ shareholders approve restructuring

By: Simone Liedtke     13th January 2021 London-listed Petra Diamonds’ shareholders have voted in favour of a resolution to restructure the business and provide it with a more stable, deleveraged capital structure that will ensure the short- and long-term viability of the company. At a special general meeting held on January 13, 95.13%... 

M&A challenges remain, but so do lessons – law firm

By: Marleny Arnoldi     12th January 2021 Global law firm Herbert Smith Freehills (HSF) says many of last year’s uncertainties that impacted merger and acquisition (M&A) activity will remain this year. HSF global M&A head Gavin Davies says the significant regional and global questions from 2020 have not gone away, although some have... 

Gupta-linked firm was appointed to market and sell Alexkor joint venture diamonds, inquiry hears 

By: News24Wire      8th January 2021 A firm which was appointed to market and sell diamonds for a joint venture that state-owned diamond mining company Alexkor was part of had links to the Gupta family, the judicial commission of inquiry into state capture heard. The commission, chaired by Deputy Chief Justice Raymond Zondo, held... 

Pembridge to raise £570 000 to cover operational costs

By: Simone Liedtke     8th January 2021 LSE-listed Pembridge Resources intends to raise £570 000 to finance its operations without requiring any additional financing to cover its current operational costs. The company’s board has reviewed its projected costs and income for the next two years, which includes the C$4-million lent to... 

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