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Mining Weekly | Africa

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
  • 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.
  • It’s official, the hottest party in the metals world is canceled
    The London Metal Exchange (LME) has pulled the plug on the biggest annual gathering in the metals market, canceling all its own events during October’s LME Week because of coronavirus concerns. From its origins as an annual gathering organized by the LME’s golf association, the week-long roster of conferences and cocktail parties has for years marked the traditional start of annual supply negotiations in the metals markets. The LME Dinner attracts more than 1 000 guests, and thousands more descend on London for meetings and side events organized by brokers, banks and trading houses.