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Toubani strengthens its board as it advances Kobada DFS

Published: 27 May 24

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.

bp, Shell agree to sell Sapref land, associated assets to the CEF

Published: 27 May 24

Following successful negotiations, bp Southern Africa and Shell Downstream South Africa (SDSA) have reached an agreement for the sale of their respective 50% ownership of assets located at the Sapref refinery precinct, in KwaZulu-Natal, to South African State-owned entity the Central Energy Fund (CEF). The sale includes SDSA and bpSA’s interests in the Sapref land and other associated assets, which includes tanks, process units, pipelines to and from Sapref to Island View terminal, and the Single Buoy Mooring for crude imports.

Many Peaks starts major drill programme at Côte d’Ivoire project

Published: 27 May 24

ASX-listed Many Peaks Minerals has started a 6 500 m diamond and auger drilling campaign on the Odienné project, in Côte d’Ivoire. One thousand metres of diamond drilling is planned for five holes on 400-m-spaced lines to follow up open gold mineralisation that was highlighted in a preliminary air core programme completed late last year.

Firefinch, Morila served with arbitration notice over payment dispute

Published: 27 May 24

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.

An image showing Re-Purpose's reverse collection model

ALPLA, Re-Purpose partner to strengthen plastics cycle in South Africa

Published: 27 May 24

Plastic packaging manufacturer and recycler the ALPLA Group and waste repurposing company Re-Purpose have announced a strategic partnership that is expected to advance sustainable packaging solutions and strengthen the feedstock value chain of ALPLA’s first polyethylene terephthalate (PET) recycling facility in Africa. ALPLA is investing €60-million in the construction of a recycling plant in Ballito, KwaZulu-Natal.

Perseus gets back to drilling in Sudan as conflict eases

Published: 27 May 24

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.

Five killed after informal gold mine collapses in northern Kenya

Published: 27 May 24

At least five people were killed and several others were missing after an informal gold mine collapsed in northern Kenya, officials and local media said. The bodies of five miners have been recovered from the Hillo artisanal mine, and another three people were unaccounted for, regional commissioner Paul Rotich told Reuters by telephone late on Friday.

Astute starts drilling campaign at Red Mountain, Nevada

Published: 27 May 24

Australia-listed Astute Metals has initiated a maiden drilling campaign at its Red Mountain lithium project, in Nevada. “We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz.

A truck delivering coal to a power station

Uncertainty over coal jobs ahead of South Africa elections

Published: 27 May 24

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.

Standard Bank undertakes largest student housing financing endeavour in Africa

Published: 27 May 24

Financial services provider Standard Bank has partnered with global advisory firm MiDA Advisors and real estate developer Acorn Holdings to mobilise long-term blended finance commitments for green and affordable student housing in Kenya. The transaction will comprise up to $180-million in financing from the US Development Finance Corporation, which should help to secure $380-million more financing arranged jointly by Stanbic Bank Kenya – a member of Standard Bank Group – and MiDA.