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Mining Weekly | Africa

25 February 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
  • AngloGold reports dip in full-year profit, but strong free cash flow generation and production
    Diversified miner AngloGold Ashanti has reported a strong performance in the 2023 financial year, having achieved production guidance at 2.6-million ounces and $109-million of free cash flow. The company declared a dividend of $0.19 in respect of the second half of the year.
  • Thungela launches fish breeding facility in Mpumalanga
    Coal producer and exporter Thungela on February 23 launched a fish breeding facility at the Loskop Dam Nature Reserve, in Mpumalanga. The facility was pursued in congruence with efforts to restore aquatic life in the Wilge Olifants river catchment following the uncontrolled release of mine-affected water from the South shaft at the Khwezela colliery’s Komdraai site on February 14, 2022, which investigations have since attributed to illegal mining activities.
  • Xtract concludes Manica disposal
    Aim-listed Xtract Resources has concluded the disposal of its entire interest in the Manica gold project, in Mozambique. The company in January agreed terms for the disposal of its 23% net profit share interest in the project to buyers for up to $15-million.