London- and Toronto-listed Endeavour Mining announces that wet commissioning activities are now under way at the Lafigué project, in Côte d’Ivoire. The project is on budget, with construction now 94% complete, and the first gold pour is expected to take place in late June, a quarter ahead of schedule.
Sibanye clinches yet another renewable energy purchase agreement
Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an additional 140 MW wind energy project, the Umsinde Emoyeni Wind Farm, located on the border between the Northern Cape and the Western Cape, near Murraysburg.
Investors relieved BHP walked from Anglo takeover deal
nvestors welcomed BHP Group’s decision to walk away from a $49-billion plan to take over its rival Anglo American, which rejected three proposed offers from the top global miner over the past six weeks.
While BHP’s Australian-listed shares fell 1.6% on Thursday, they were in line with its peers.
How a rattled South Africa became Anglo’s best defence against BHP bid
Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo’s local platinum and iron ore assets was causing a political storm.
More than 20% of Anglo shares are held by South African investors, and the London-listed group’s presence is deemed of national value in the country, where it was founded in 1917 and employs more than 40 000 people.
How a rattled South Africa became Anglo’s best defence against BHP bid
Days after miner BHP launched its takeover bid for rival Anglo American in April, the CEOs of both headed for South Africa, where a condition to divest Anglo’s local platinum and iron ore assets was causing a political storm.
More than 20% of Anglo shares are held by South African investors, and the London-listed group’s presence is deemed of national value in the country, where it was founded in 1917 and employs more than 40 000 people.
Commission approves Southern Point Resources’ Mokopane takeover from Bushveld
The Competition Commission has approved the acquisition by Southern Point Resources (SPR) Fund I of Mokopane, the holding company for a mining right in South Africa’s Limpopo province.
SPR Fund I was established as an investment fund by the SPR group for mining projects in Southern Africa, particularly green metals and transition metals.
Tsolido signs agreement with Red Cloud for liquidity services
TSX-V-listed Tsodilo Resources has retained Toronto-based financial services company Red Cloud Securities to provide liquidity services to the company. Red Cloud helps mineral exploration and mining companies to access capital markets and enhance their corporate profile. Red Cloud will trade Tsodilo shares on the TSX-V for the purposes of maintaining a reasonable market and improving the liquidity of Tsodilo’s common shares.
Sibanye clinches yet another renewable energy purchase agreement
Johannesburg- and New York-listed Sibanye-Stillwater has concluded its fourth renewable energy power purchase agreement (PPA). The green metals and gold producer has reached financial close for an additional 140 MW wind energy project, the Umsinde Emoyeni Wind Farm, located on the border between the Northern Cape and the Western Cape, near Murraysburg.
Endeavour’s Côte d’Ivoire project ahead of schedule
London- and Toronto-listed Endeavour Mining announces that wet commissioning activities are now under way at the Lafigué project, in Côte d’Ivoire. The project is on budget, with construction now 94% complete, and the first gold pour is expected to take place in late June, a quarter ahead of schedule.
Billions in African gold smuggled to UAE yearly, SwissAid says
Billions of dollars of gold is smuggled out of Africa every year, with the vast majority exported to the United Arab Emirates for processing, according to a report by SwissAid. Using data on declared and undeclared gold imports over a ten-year period ending in 2022, the Bern-based non-governmental organization estimates that the illicit trade amounts to between $23.7-billion and $35-billion annually based on current market prices. More than 435 tons of bullion was smuggled out of Africa in 2022 alone, it said.