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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... 

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... 

BWR receives $300 000 grant from Manitoba Mineral Development Fund

By: Simone Liedtke     8th January 2021 The Manitoba Mineral Development Fund (MMDF) will provide a $300 000 grant to TSX-V-listed BWR Exploration to advance the Little Stull Lake gold project, in Northeastern Manitoba. Prior to entering into a contribution agreement with the MMDF, BWR will need to provide confirmation of required... 

Earth’s margin for error narrows after another year of record heat

By: Bloomberg     8th January 2021 Another year of record-high heat punctuated a decade-long increase in global temperatures that has placed the Earth’s economies dangerously close to climate tipping points. Those are the conclusions published Friday by European Union scientists. Despite pandemic-induced lockdowns of the global... 

Rio invests in Canadian aluminium

By: Esmarie Iannucci     18th December 2020 Diversified major Rio Tinto has announced a $8.4-million investment to expand the recycling capacity of its aluminium operations in Saguenay-Lac-Saint-Jean, Quebec. The expansion would offer rolled product customers in North America a new, sustainable solution combining low-carbon and recycled... 

AME 2020 award recipients announced

By: Creamer Media Reporter      18th December 2020 The Association for Mineral Exploration (AME) has announced its 2020 Celebration of Excellence Award recipients, recognising leaders for their efforts and contribution to the mineral exploration and development industry. 

Rio Tinto taps Stausholm as new CEO

By: Esmarie Iannucci     17th December 2020 Mining major Rio Tinto has appointed CFO Jakob Stausholm to take over the role as CEO from Jean-Sebastian Jacques on January 1, 2021. Jacques, along with iron-ore CEO Chris Salisbury, and group executive of corporate relations Simone Niven all handed in their resignations following the... 

Eskom’s bailout emerging as equity swap by biggest bondholder 

By: Bloomberg     17th December 2020 South Africa’s biggest pot of available cash – R1.91-trillion of civil-servant pensions and unemployment funds managed by the Public Investment Corporation (PIC) – is emerging as the key to rescuing the debt-stricken national power monopoly. The money manager has approached its parent agency, the... 

Pan African appoints juwi South Africa as EPC contractor for R140m Evander solar PV plant 

By: Chanel de Bruyn     15th December 2020 Gold miner Pan African Resources has entered into an engineering, procurement and construction (EPC) agreement with juwi South Africa to build a 9.975 MW solar photovoltaic (PV) plant at its Evander Mines. Construction on the R140-million solar PV plant will start in the first quarter of 2021,... 

Eskom outlines streamlined restructuring model to deliver independent grid company by end-2021  

By: Terence Creamer     14th December 2020 Eskom CEO Andre de Ruyter outlined a streamlined approach on Monday to the vertical separation of the State-owned utility into three businesses of generation, distribution and transmission, which he said could accelerate the process of establishing an Eskom-owned independent transmission system... 

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