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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.
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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).
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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.
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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.
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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.
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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.
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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.
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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.
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