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China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa a primary focus, according to a Reuters analysis of lending, investment and trade data. Chinese leaders have been citing the billions of dollars committed to new construction projects and record two-way trade as evidence of their commitment to assist with the continent’s modernisation and foster “win-win” cooperation.

Australia-based diamond miner Lucapa’s newly appointed chairperson, Stuart Brown,has hailed Angola as foremost diamond exploration target on the world stage.

In an address to shareholders on Tuesday, he positioned Angola at the forefront of Lucapa’s strategic direction, stating that the country’s diamond-rich provinces remained unexplored for primary source kimberlites.

Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of green hydrogen production from green ammonia. Late last year, it was a ruthenium-based catalyst that augmented the scarcity of iridium, another PGM, in the production of green hydrogen from water electrolysis.

A successful takeover of Anglo American under the arrangements BHP Group has offered could lead to outflows of $4.3-billion from South Africa, according to a JPMorgan Chase & Co. analysis. Such an outflow, if a deal goes ahead, could weaken the rand, which has gained 4.4% against the dollar, the most of 16 major currencies tracked by Bloomberg, over the last five weeks.

ASX-listed Toubani Resources has announced several changes to its board of directors and study management team to drive the delivery of the definitive feasibility study (DFS) for the Kobada gold project, in southern Mali. Matt Wilcox will join the board of directors as a nonexecutive director effective immediately, while current nonexecutive director Scott Perry has been appointed nonexecutive chairperson.

Growing up surrounded by the towering smokestacks of coal-fired power stations, 22-year-old Siya Mokoena’s life is inextricably linked to the coal industry that dominates his hometown of Emalahleni in South Africa’s eastern province of Mpumalanga. Like many in Emalahleni, generations of Mokoena’s family have worked in the coal sector. His father, a miner, was laid off in March when his mine was shut down.

London-listed Pensana commends the government of Angola for instilling attractive policies and growing interest in the country’s exploration potential.

This comes as the country recorded an improvement in its ranking to forty-seventh out of 86 countries in the yearly Investment Attractiveness Index for 2023, compared with its ranking of fifty-ninth out of 62 countries in 2022.

ASX- and TSX-listed Perseus Mining has restarted drilling work at its Meyas Sands gold project, in Sudan. This initial drill programme, which restarted on May 20, is aimed at testing high-priority exploration targets in the vicinity of the Galat Sufur South (GSS) deposit to follow up other drilling results that have been received to date.

ASX-listed Firefinch has received a notice of arbitration from mining services contractor Enterprise Générale Traoré et Frères (EGTF), in Mali.

EGTF also named Société des Mines de Morila (Morila) as a respondent in the arbitration notice.

Resources industry executive Alwyn Vorster has been appointed CEO of ASX-listed, Africa-focused rare earths company Lindian Resources.

Vorster, who was previously CEO of Hastings Technology Metals and MD of BCI Minerals, is succeeding Alistair Stephens.