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Standard Bank mobilises debt fund to support sustainable infrastructure in Africa

Published: 26 Apr 24

Financial services firm Standard Bank has committed to Acre Impact Capital’s Export Finance Fund I to support the financing of sustainable projects in Africa. Acre Impact Capital manages Export Finance Fund I, which seeks to invest in climate-aligned and sustainable infrastructure projects in renewable energy, health, food, water security, sustainable cities and green transportation, thereby providing access to essential services to predominantly underserved communities across the continent.

Miner owned by South America’s richest family mulls bond sale

Published: 26 Apr 24

Copper miner Antofagasta is holding meetings with investors this week for its first dollar bond offering in nearly two years, people familiar with the matter said. CFO Mauricio Ortiz and other executives started meeting money managers Thursday, according to the people, who requested anonymity because the meetings are private. A 10-year dollar note issuance may follow, they added.

Anglo’s stumbles have made it prey for mining’s biggest predator

Published: 26 Apr 24

When former boss Mark Cutifani left Anglo American in mid-April 2022, things had rarely looked better for the century-old miner. Metals prices soared as the world emerged from lockdowns, the company had recently posted its best-ever annual profit and the popular industry veteran was handing over to a trusted lieutenant. Anglo stock hit a record the same day. Two years later, the company’s reputation is in tatters after a series of missteps sent its value plunging by half. And now industry heavyweight BHP Group is moving in.

Zhaojin Mining ups stake in takeover target Tietto Minerals

Published: 26 Apr 24

China's Zhaojin Mining Industry has increased its voting power in Tietto Minerals, an exchange filing from the Australian gold miner showed on Friday. Zhaojin Capital, a unit of Zhaojin Mining, has raised its voting power in Tietto to 23.22% from 16.24%, the filing showed.

A group of executives that represent the Mandela Mining Precinct in a photo together at their 5 year anniversary

Circular minerals, metals initiative launched

Published: 26 Apr 24

The Mandela Mining Precinct (MMP), with the support of the Department of Science and Innovation’s (DSI’s) Circular Innovation South Africa fund, launched the South African Circular Minerals and Metals Initiative (SACMMI) on April 11. “The aim of the initiative is to support the mining sector in fast-tracking the uptake of circular interventions through science, technology and innovation,” says MMP director Julie Courtnage.

A man in Blue PPE at the face of a shaft in the Test Mine offered by the Mandela Mining Precinct

Focus on programmes driving tech development

Published: 26 Apr 24

The five mining technology research programmes of the Mandela Mining Precinct (MMP) have garnered much attention and have, thus far, yielded positive results, pointing to “great future potential”, reports MMP director Julie Courtnage. In celebrating the MMP’s fifth anniversary, she tells Mining Weekly that the MMP’s list of deliverables is vast, and that the organisation continues to make progress with each of the five programmes it is currently running.

Memsa CEO Lehlohonolo Molloyi standing at a podium addressing delegates and speakers at last year’s Mind Shift Conference

Conference drives mining innovation, skills

Published: 26 Apr 24

The second yearly Mind Shift Conference, hosted by industry association Mining Equipment Manufacturers of South Africa (Memsa), will delve into innovation, digital technology and skills in the South African mining supply chain. This year’s event will be held from May 15 to 16 at a new location – financial institution Old Mutual’s head office in Sandton, Gauteng.

An image of Geovia's Strategic Mine Planner role interface

Enhancing efficiency

Published: 26 Apr 24

Software solutions provider GEOVIA, a brand of software company Dassault Systèmes, has introduced two new roles to its portfolio, which facilitate improved collaboration, and fast-track work processes to ensure increased efficiency across departments. The two new roles comprise the GEOVIA Strategic Mine Planner role, introduced in December 2023; and the GEOVIA Underground Mine Designer role, introduced in February this year.

Job, cybersecurity concerns cloud 4IR transition

Published: 26 Apr 24

While mining companies are exploring the integration of data analytics and other artificial intelligence (AI) systems into their operations, job-loss concerns, compounded by cybersecurity concerns, cloud the cost-effectiveness and optimisation benefits of Fourth Industrial Revolution (4IR) technology, says consultancy firm World Wide Industrial and Systems Engineers MD Muhammad Ali. Generally, the mining industry is investing heavily in technology, such as data analytic tools, advanced systems and industrial control system apps, to reduce all-inclusive costs and optimise profits.

An image of the TruScan system scanning material

Scanner finds copper-rich mineralisation

Published: 26 Apr 24

Mining technology provider Veracio’s TruScan core scanning system has facilitated the generation of geological insights instrumental to discovering diversified explorer and developer Foran Mining’s Bridge target zone, which is adjacent to Foran’s McIlvenna Bay copper development project, in the Province of Saskatchewan in Canada. Since its partnership in 2022 with Veracio, Foran has deployed the TruScan system onsite as part of its ongoing exploration at its flagship McIlvenna Bay project to better understand the intricate geological complexities of the existing resource and the Tesla discovery, explains Foran exploration VP Erin Carswell.