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Mining Weekly | Africa

19 April 2024

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
  • Pensana seeks to extend $15m loan facility
    Further to the Angolan Sovereign Wealth Fund advancing a $15-million loan facility to London-listed Pensana in August 2023, Pensana reports that discussions have been held regarding the extension of the loan facility to coincide with the anticipated finalisation of the main financing. The loan facility was to enable the funding of capital expenditure, working capital and operating expenditure at the Longonjo project, in Angola.
  • GoviEx in talks with Niger govt on Madouela start date
    TSX-V listed GoviEx Uranium is in discussions with the government of Niger regarding the start of mining operations after having received notice that it must begin mining at its Madaouela uranium project by July 3, or risk having its mine permit revoked. The company says it is committed to developing the project and is working with the Nigerien government towards a mutually beneficial solution that complies with applicable law and protects the company’s rights.
  • Goldplat receives generators for its South African operations
    Aim-listed Goldplat reports that diesel generators have arrived at its operations in South Africa, and that their commissioning will be finalised by the end of April. The company points out that, during the third quarter of the current financial year, its operations have lost 6% of total operating hours available owing to electricity supply cuts and infrastructure related issues, lower than the time lost in the previous calendar year of more than 20%.