Mining Weekly | Africa

• Hummingbird joins World Gold Council, adopts responsible mining principles
  Aim-listed Hummingbird Resources has joined the World Gold Council, a market development organisation for the gold industry, and will, as a result, adopt the council’s Responsible Gold Mining Principles. Hummingbird CEO Dan Betts says the principles underpin the miner’s commitment as a sustainable operator.
• Magubane appointed new chair of governance-impaired SFF
  Respected former Department of Energy director-general Nelisiwe Magubane has been appointed as the new chairperson of the Strategic Fuel Fund (SFF), the governance-impaired subsidiary of the State-owned Central Energy Fund (CEF). Magubane, who is also executive chairperson of Matleng Energy Solutions and an Eskom board member, has been appointed with immediate effect, taking over from CEF chairperson Dr Monde Mnyande who acted in the position on an interim basis.
• Mako to divest of Burkina Faso project
  Junior Mako Gold has inked a definitive sales agreement to divest of its Niou permit and Niou Sud permit, in Burkina Faso, to Nord Gold SE (Nordgold). Under the terms of the sales agreement, Mako will receive $700 000 in up-front cash, and will retain a 1% net smelter royalty if Nordgold discovered a gold resource of at least two-million ounces and advances the project to production.