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Avanti chairperson Sir Samuel Jonah Avanti appoints mining veteran Jonah as chair, acquires gold prospect in Botswana
Published: 07 May 24
Canada-listed Avanti Gold has appointed Sir Samuel Jonah director and chairperson of the company, at a time when the company explores a stretch of newly acquired prospective terrain in Botswana. Jonah has made valuable contributions to the mining sector in Africa, including as former president of gold miner AngloGold Ashanti and having served on the boards of companies such as Moto Gold Mines, Vodafone Group, Standard Bank Group, Roscan Gold and Bank of America Corporation’s Global Advisory Council.
Glencore sells stake in Peru zinc miner Volcan
Published: 07 May 24
Swiss-headquartered Glencore has announced a definitive agreement to sell its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will pay Glencore $20-million for a stake in Volcan, which mines zinc, lead and silver in Peru.
Kefi progressing Ethiopian gold project towards launch
Published: 07 May 24
Aim-listed Kefi Gold and Copper has reported good progress, to schedule, at its high-grade Tulu Kapi gold project in Ethiopia. The remaining finance syndicate board processes are on track for final (conditional) approvals during May, while project launch preparations have started at Tulu Kapi.
Cans with food World Bank suggests actions for lower-emission agricultural land use
Published: 07 May 24
The World Bank has outlined in a report the actions that every country can take to make the global agrifood system more sustainable and achieve markable reductions in greenhouse-gas (GHG) emissions. The bank says the world is faced with a largely misunderstood reality in that the system that feeds us is also feeding the planet’s climate crisis.
Gold Fields CEO Mike Fraser South Deep gold output well down as Gold Fields implements recovery plan
Published: 07 May 24
With first-quarter gold production down 34% at South Deep gold mine, Gold Fields is focusing on setting up the well-endowed long-life Gauteng operation for longevity, quality ounces and sustainable production increases. The challenging quarter of the bulk mechanised mine near Westonaria, west of Johannesburg, which has been built to extract one of the world’s largest gold deposits, is focusing the resolve of the Johannesburg- and New York-listed Gold Fields to increase backfill tipping points, increase long-hole stope drilling and improve ventilation, road conditions and service utilities underground.
Mall of Africa Attacq subsidiary acquires remaining 20% stake in Mall of Africa
Published: 07 May 24
JSE-listed real estate investment trust (Reit) Attacq’s 70% held subsidiary, Attacq Waterfall Investment Company (AWIC), has acquired the remaining 20% stake in Mall of Africa from the Atterbury Group. AWIC already held an 80% stake in the asset.
Cosatu's logo on a window South African unions urge Anglo shareholders to reject BHP bid
Published: 07 May 24
South Africa’s biggest labour union federation urged local shareholders, including the powerful Public Investment Corporation (PIC), to oppose BHP Group’s bid to buy Anglo American. The Congress of South African Trade Unions (Cosatu), which includes the National Union of Mineworkers (NUM) among its members, said a deal wouldn’t be in the national interest. South African shareholders hold about 26% of Anglo, with the PIC owning 8.4%, according to data compiled by Bloomberg.
Panthera restructures ownership of Mali, Nigeria projects
Published: 07 May 24
Aim-listed Panthera Resources has entered into definitive agreements with DFR Gold and Maniger to restructure Panthera’s ownership interests in the Kalaka gold project, in Mali, and the Paimasa, Dagma and Dext gold projects, in Nigeria. Following completion of the restructuring, Panthera will own 100% of Maniger and, consequently, increase its relevant interest in the Kalaka project from 40% to 80%.
Ur-Energy gears up for Shirely Basin construction next year
Published: 07 May 24
Dual-listed uranium producer Ur-Energy is set to begin major construction activities for its Shirley Basin project in 2025, paving the way for production to start in the following year. The company last month approved the buildout of a satellite facility at the Shirley Basin project, in Wyoming. This will nearly double the firm’s permitted mine production to 2.2-million pounds a year of uranium oxide.
From left to right are Schwarz Unternehmenskommunikation corporate responsibility VP Florian Schütze, Siemens managing board member and Siemens Smart Infrastructure CEO Matthias Rebellius, Mercedes-Benz planning VP Arno van der Merwe and moderator Chris Brow in discussion at the Hannover Messe 2024 expo. Decarbonising industrial operations requires concerted effort
Published: 07 May 24
Decarbonisation requires comprehensive and multifaceted approaches and standardised processes across various industries. It should involve mobilising an organisation, managing information flow, digitising operations to manage the complexity of the circular economy and decarbonising supply chains to reach net zero. These were the views shared by Siemens managing board member and Siemens Smart Infrastructure CEO Matthias Rebellius, Mercedes-Benz planning VP Arno van der Merwe and Schwarz Unternehmenskommunikation corporate responsibility VP Florion Shütze, in a panel discussion on strategies necessary to decarbonise industrial operations, at the international Hannover Messe 2024 expo, in late April, in Hannover, Germany.
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