Category Archives: Uncategorized

The governor of Democratic Republic of Congo’s South Kivu province has ordered the suspension all mining activities in the restive region, giving all companies and operators 72 hours to leave mining sites, a statement said on Friday. Governor Jean-Jacques Purusi Sadiki, said in the statement that the suspension until further notice, was due to “disorder caused by the mining operators.”

South Africa’s National Treasury plans to lay out its proposals for how to regulate carbon markets in the country in the next few months. The government department said it plans to publish a consultation paper on the industry around the time it presents its Medium-Term Budget Policy Statement in October.

Mining Weekly Editor Martin Creamer discusses the projected downward path of platinum; Petra Diamonds looking to refinance its $250-million loan notes; and Hive Hydrogen South Africa completing pre-front end engineering design on its green hydrogen to green ammonia project.  

Belgrade and the European Union signed a deal on Friday to give the EU access to raw materials mined in Serbia and strengthen their ties on production of sustainable raw materials, battery manufacturing and electric vehicles (EVs).

Rio Tinto is keen to start mining in Serbia’s Western region of Jadar and this week its licence to develop what would be Europe’s biggest lithium mine was reinstated, more than two years after it was annulled.

Independent previous metals authority London Bullion Market Association (LBMA) has cited analysts predicting that the gold price will trade even higher in the second half of the year, following a record price of $2 480/oz on July 17.

An average of forecasts implies the gold price may reach $2 547/oz; however, the price will likely average lower by the close of the year at $2 395/oz.

Exploration activities under the Kingrose Mining’s alliance agreements with BHP in Norway and Finland are in full swing says Kingrose MD Fabian Baker.

These programmes have been designed with the combined expertise of Kingrose and BHP on a regional scale to identify numerous new target areas.

Australian coal miner Whitehaven is forecasting higher metallurgical coal prices over the near and long term, citing production constraints of hard-coking coal from Australian producers, combined with increased seaborne demand from India.

The miner, which bolstered its output with the recent acquisition of the Daunia and Blackwater metallurgical coal mines from the BHP-Mitsubishi Alliance (BMA), expects its portfolio to benefit from supply constrained market dynamics.

Seriti Green, a Seriti Resources subsidiary, is progressing the country’s first majority black-owned wind farm, the Ummbila Emoyeni project in Mpumalanga, which would also mark the province’s pioneer wind energy facility. This was highlighted by the group during an unveiling of the project to media and key stakeholders on July 17.

Vedanta Resources has paid about $246-million to creditors to regain control of the Konkola Copper Mines in Zambia after about five years. The payment paves the way for “imminent reinstatement” of Konkola’s board and return of full management control to Billionaire Anil Agarwal’s Vedanta, according to a statement. The mines in the African nation hold one of the largest high-grade copper deposits in the world, as well as cobalt reserves, according to Vedanta.

Diversified mining company Anglo American on Thursday emphasised its embedding of operational resourcefulness across its asset base and highlighted its second-quarter performance as being strong. Moreover, the strategy reviewing Johannesburg- and London-listed centenarian described its copper production as “tracking well to the full year plan” and its asset divestment execution work as proceeding at pace.