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Inconsistent water supplies from Orano Desalination Plant are causing distress to mining companies in Namibia. Swakop Uranium Mine says it has lost N$1,9 billion over the past two years because of a French state-owned nuclear company’s inconsistent water supply. This mine is not the only one complaining. Rössing Uranium is …

The COVID-19 outbreak presents significant challenges and is likely to have a materially negative impact on the global economy, in our view. We believe commodity prices could fall closer to trough levels in the near term and make significant cuts to mining companies’ earnings forecasts. We believe negative earnings momentum …

Mining software solutions provider MICROMINE has launched a new pay-as-you-go subscription model for African clients to keep pace with industry need. The Australian-headquartered company, with a regional office based in Johannesburg, offers software solutions that span the mining lifecycle – from geological exploration and data management to resource estimation, 3D …

The Minerals Council of South Africa believes that mining could be critical and particularly effective in helping to boost economic recovery after the country emerges from the COVID-19 crisis. It is evident that to tackle the effects of the current situation, South Africa will be required to pass a set …

Vedanta Zinc International has suspended operations at its Skorpion Zinc Mine. Vedanta, a unit of diversified miner Vedanta Resources, said the decision to place Skorpion Zinc on care and maintenance, was inspired by failures that have paralysed a significant portion of the open-cast mine. According to the company, the failures, …

Canadian gold miner B2Gold Corp has shown its support for the black rhino conservation initiative in Namibia by donating 1000 oz of gold to support the initiative and the communities that protect them The gold donation is valued at approximately US$1.5 million. B2Gold’s Rhino Gold Bar initiative was recently launched …

Namibia Critical Metals Inc has announced details of the planned work program for the Lofdal Heavy Rare Earths Project. The development comes after the company entered into an agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC) to jointly explore and develop Lofdal. Authorities at the company plan to …

Premier African Minerals’ stake is set to rise to 12 per cent after agreeing to acquire an additional 2 per cent stake in MN Holdings (MNH). MNH is the owner and operator of the Otjozondu mine, a manganese mining project, which is 450km east of Walvis Bay, a port town …

Organisers of the Mining Indaba have revealed that governments are leading the way in investing at the mining jamboree. Forty countries were represented at this year’s Investing in African Mining Indaba to promote the continent’s mining sectors to a global audience of investors, suppliers and other key stakeholders. According to …

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa. The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining …