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Canada's oil sands CEOs push back against proposed oil and gas emissions cap

Published: 07 Jun 24

Canada's biggest oil sands producers support a paying a tax on carbon but see a proposed federal oil and gas emissions cap as unnecessary legislation, the companies' CEOs told lawmakers in Ottawa on Thursday. Executives from Suncor Energy, Imperial Oil, Cenovus Energy, Enbridge and Shell appeared via videolink before a House of Commons committee to answer questions on their efforts to cut emissions.

Long-term thinking key to managing South Africa’s mine water challenge

Published: 07 Jun 24

While South Africa has made considerable strides in addressing mine water challenges, several areas require improvement and focus to ensure that the country continues on a positive trajectory and that the future landscape of the local mining industry is vastly improved. Such areas include ensuring that the correct processes are in place, aligning implementation with research and adapting the regulatory environment to be more conducive to the treatment of mine-affected water.

a group of women, involved in teh Platinum-group metals mining sector stood in front of a banner at an event

Spotlight on women in mining

Published: 07 Jun 24

Embracing the contributions of women in mining, and especially those in the mining of platinum-group metals (PGMs), can offer many benefits, reports women-centric network Women in PGMs (WiPGMs) chairperson and independent precious metals consultancy Metals Focus director Wilma Swarts. Swarts will present the fifth session on the second day of this year’s London Indaba, set to take place on June 25 and 26 at the InterContinental Park Lane Hotel, in London.

Three new members join global mining organisation

Published: 07 Jun 24

Global CEO-led mining and metals industry body the International Council on Mining and Metals (ICMM) reported in March that it had welcomed three new association members, which “share ICMM’s vision for a safe, just and sustainable world enabled by responsible production of minerals and metals,” says ICMM CEO Rohitesh Dhawan. The new members include industry bodies the Canadian Institute of Mining, Metallurgy and Petroleum (CIM); the Federation of Chamber of Mines (EFEDCOM), which is a sub-regional chamber of the Economic Community of West African States (ECOWAS); and the International Chromium Development Association (ICDA).

Two bars of gold balanced on top of each other

Gold’s continual rally

Published: 07 Jun 24

International gold industry trade association the World Gold Council’s (WGC’s) ‘Gold Demand Trends’ report for the first quarter of this year reveals that total global gold demand, inclusive of over-the-counter (OTC) purchases, was up 3% year on year (y/y) to 1 238 t, marking the strongest first-quarter performance since 2016. However, compared to the same period in 2023, gold demand, excluding OTC, fell 5% to 1 102 t.

UPCOMING UPGRADE
Kenmare's largest mining plant, WCP A, is slated for an upgrade and transition to the Nataka ore zone

Plant upgrade secures long-term operations

Published: 07 Jun 24

The upgrading and relocating of titanium and zircon producer Kenmare Resources’ wet concentrator plant A (WCP A), at its Moma titanium minerals mine, in Mozambique, is aimed at securing long-term production and sustainability, the miner tells Mining Weekly. Kenmare is planning a significant investment of up to $341-million – from 2024 to the end of 2027 – to make this possible.

Men and women sitting on a stage in a panel discussion at the 2023 London indaba

Bigger attendance expected

Published: 07 Jun 24

Following the inaugural London Indaba in 2023, event organiser Resources4Africa (R4A) says this year’s conference aims to garner more attention from investors and the global mining sector. Set to be held on June 25 and 26 at the InterContinental Park Lane Hotel, in London, this year’s event will be presented in the same trademark manner as the Joburg Indaba, in South Africa – already in its twelfth year – with encompassing, “open and frank” conversations that take a constructive approach to tackling important issues, highlights R4A.

LARA SMITH
Mozambique’s recent surge in mining activity is largely owing to the discovery of new natural resources

Mining sector shows significant growth trajectory in Africa – consultancy

Published: 07 Jun 24

Underscoring Mozambique’s significant mining sector growth is President Filipe Nyuse’s affirmation, through a statement, that Mozambique’s extractive industry amassed revenue exceeding $12.3-billion between 2020 and 2024. This revenue contribution, according to independent mining consultancy Core Consultants, evidences the growing significance to the global mining sector of Mozambique, which boasts significant resources of diverse minerals, such as coal, natural gas, heavy mineral sands, rubies, sapphires and emeralds.

MOZAMBIQUE POTENTIAL
Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa

Long-term unlocking of vast resources potential gaining ground

Published: 07 Jun 24

Mozambique’s mining industry has been a significant driver of economic growth over the past two decades. With vast mineral resources, including heavy sands, coal, magnetite, graphite, lithium, gold and gemstones, the country offers a promising landscape for mining investments, says mining industry representative organisation Mozambique Chamber of Mines (CMM) chairperson Geert Klok. He adds that despite challenges, Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa.

Global gold ETFs saw first inflows in a year in May, says WGC

Published: 06 Jun 24

Global physically backed gold exchange traded funds (ETFs) attracted their first inflows in May after a year, powered by additions to holdings by Europe- and Asia-listed funds, the World Gold Council (WGC) said on Thursday. Safe-haven demand driven by geopolitical and economic uncertainty, as well as persistent central bank buying contributed to a rally in gold from March to May, taking spot prices XAU= to a record $2 449.89 per ounce on May 20.