South Africa’s mining sector adds R470 Billion to household income
The mining industry sold minerals into the local economy worth R248 billion, a record high as domestic purchases have become more diverse.
Gold
Barrick Gold Leadership Shake-Up Could Trigger African Asset Sales and Strategic Overhaul
Barrick Gold’s sudden leadership change is raising questions about the future of its African operations. Analysts predict potential asset sales, a renewed focus on low-risk projects, and a rethink of the company’s global strategy.
Burkina Faso withdraws licence for Taparko gold mine
The government highlighted Taparko Mining’s potential inability to fulfil its objectives due to ongoing legal issues.
UAE ban on Sudan trade ignites search for alternative gold markets
Dubai gold souk market. Stock image.
Auditor General Raises Red Flags Over Compliance Issues in Namibia’s Gold Mining Sector
According to the Auditor-General’s findings, only seven out of 13 applications for mining licence renewals submitted during the review period met the legal and regulatory requirements.
Perseus Mining to go ahead with development of Nyanzaga
Perseus has opted for a large scale, wholly open-pit mining operation, for the first phase of development, in preference to a smaller scale, combined open pit/underground option contemplated by the previous owners.
Mali embarks on construction of its first major gold refinery in partnership with Russia
Mali is Africa’s fourth-largest gold producer but until now lacked facilities to refine its own gold. Most rough gold has been shipped abroad to be processed in the UAE, South Africa, and Switzerland, costing Mali valuable export revenues.
Midas Minerals Expands Namibian Presence with Otavi South Copper-Gold Acquisition
The Otavi South Copper Project, designated as Exclusive Prospecting Licence (EPL) 8374, encompasses approximately 195 square kilometers in the Otjozondjupa Region of northern Namibia.
AngloGold Ashanti and Gold Fields pause proposed Ghana joint venture discussions
The decision to pause the JV discussions is primarily influenced by recent changes in AngloGold Ashanti’s standalone mine plan for Iduapriem.