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Mining Weekly | Africa

The latest mining world news and project information from Africa.
  • EV adoption rate reaching critical mass as search for ethical cobalt heats up
    Cobalt company Cobalt 27 is seeing an ideal storm brewing for its key commodity as the adoption rate of electric vehicles (EVs) accelerate faster than even optimistic forecasts had speculated. “Cobalt 27 is a proxy for the adoption of the EV,” executive chairperson Anthony Milewski tells Mining Weekly Online in an interview. “What our most recent raise tells one is that the thematic is picking up pace.”
  • Weatherly narrows interim loss
    With a continuing upward trend in the copper price in 2017, Namibia-focussed Weatherly International narrowed its loss for the six months to December 31 to $5.9-million, compared with a loss of $11.2-million in the six months to December 2016. Revenue after royalties for the six-month period as $47.7-million, 26% higher than in the comparable period in 2016, reflecting the increase in copper price.
  • 15 MW Essakane hybrid plant inaugurated in Burkina Faso
    The 15 MW Essakane solar plant, in northern Burkina Faso, has been officially opened. The photovoltaic (PV) plant will supply electricity to Iamgold's Essakane gold mine.