Owner De Beers, which mines and auctions most of its gems in Botswana, has barely sold any rough diamonds since February. Neither has Russian rival Alrosa PJSC. Now, as the coronavirus restrictions that froze the global industry for months begin to lift, the unsold diamonds present a dilemma: how to …Read More »
The announcement of a prolonged shut-down across many major African countries as a measure to contain the spread of COVID-19 could have dramatic negative effects on the economy of the entire continent. Africa’s GDP is largely driven by Small and Medium Enterprises (SMEs) and the informal sector that accounts for …Read More »
How will multinational mining companies respond to investors’ growing focus on environmental, social and governance (ESG) issues?
Despite the short-to-midterm challenges of the global pandemic, the biggest challenge for multinational mining companies over the next decade will be responding to investors’ growing focus on environmental, social and governance (ESG) issues. As a focal point of how seriously the extractives industries are now taking ESG investing, over the …Read More »
Mining sector’s evolution is in tandem with global demand for increased responsibility and sustainability.
The expectations and priorities of a modern-day investor in the mining sector have significantly changed in line with global demand for more responsible and sustainable extraction of mineral resources. ESG, referring to the performance of investment portfolios against Environmental, Social and Governance (ESG) standards, has firmly established itself across the …Read More »
World-leading autonomous solutions specialist RCT has fulfilled requests from mining clients and devised a unique warning system designed to prevent oversized equipment from getting stuck inside underground mining portals. Staff from RCT’s branch in Kalgoorlie, Western Australia were separately approached by two major mining clients in the Goldfields and asked …Read More »
Operations at different mining sites in Botswana are set to restart after they were on hold following a national lockdown in April this year. Botswana mining companies among them Debswana Diamond Mine, Lucara Diamond Mine and Khoemacau copper mine paused activities on April 2 when the coronavirus-related restrictions began. Operations …Read More »
Organisers of Electra Mining Africa have announced that the 2020 show, due to take place from 7-11 September at the Expo Centre in Johannesburg, South Africa, has been cancelled due to the COVID-19 pandemic. The next edition of the show will be held from 5-9 September 2022 at the same …Read More »
TSX-V-listed Giyani Metals’ non-brokered private placement financing has closed. The private placement, announced on May 19, was fully subscribed and comprised 15-million units for $0.08 a unit for gross proceeds of $1.2-million in immediately available new funding. The net proceeds from the placement will be used to fund the advancement …Read More »
Restoring the livelihoods of households affected by resettlement is fraught with challenges, so it is vital that mines begin the process early and carefully monitor to see what is working and what is not. According to SRK Consulting, it is only quite recently that livelihood restoration has become a focus …Read More »
Condra has completed manufacture of eight explosion-proof, high-lift hoists – four of them articulated – for Tenova Bateman. All are custom-built, two-speed machines that utilise the modularity of Condra’s K‑Series to deliver performance capabilities precisely tailored to the individual requirements of each application. After commissioning at Kusile Power Station, the …Read More »