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Mining Weekly | Africa

26 January 2022

The latest mining world news and project information from Africa. providing updates on the progress of future, new and existing projects. Developments in mining legislation, policies, investments and infrastructure will be highlighted
  • South African growth to slow to 2.1% in 2022 – Fitch Solutions
    Fitch Solutions expects growth in South Africa to slow to only 2.1% in 2022, having expanded by an estimated 4.8% last year, as the base effects of 2021 fade and longstanding constraints come to the fore once again. Lacklustre economic activity in South Africa would also weigh on the performance of the Southern African region, which Fitch Solutions expects to expand by 2.8%, down from 3.9% in 2021.
  • Perseus sets 2022 guidance at at least 471 000 oz
    ASX-listed Perseus Mining’s financial position continues to strengthen, with the company reporting net cash of $162-million as at December 31. This follows the company returning $13-million of capital to shareholders, reducing debt by $50-million and investing $11-million in organic growth during the three months ended December 31.
  • Drilling programme shows potential for large resource at Aton’s Rodruin
    TSX-V-listed Aton Resources has recorded first assay results from the Phase 2 diamond drilling programme at its Rodruin gold exploration project. Interim CEO Tonno Vahk says these results clearly indicate the potential for a large openpittable oxide gold resource at Rodruin, with the identification of broad zones of near-surface mineralisation.