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Collaboration needed to make South African mining globally competitive again – CSIR 

By: Martin Creamer     18th May 2022 Concern about mineral resource scarcity is widespread and, at the same time, many countries, such as Australia, Canada and China, are investing significantly in strengthening their mining-related research, development and innovation (RDI) capabilities. “This makes cost and differentiation... 

Gold refiner to stop working with mines that miss carbon goals

By: Bloomberg     18th May 2022 One of the world’s biggest gold refineries will look to stop sourcing metal from mines that fail to meet standards on carbon emissions. MKS PAMP plans to curb emissions that come from its supply chain by 27.5% before the end of the decade, the company said in a statement Wednesday. As a result... 

Cora records positive drilling results at Mali project

By: Tasneem Bulbulia     18th May 2022 2022 drill programme at its Sanankoro gold project, in southern Mali, and CEO Bert Monro says the latest results from Zone B North once again show shallow oxide mineralisation of good widths and grade. Reverse circulation (RC) drilling highlights from Zone B North include 17 m at 2.85 g/t gold... 

Kingsgate increases Chatree reserves

By: Esmarie Iannucci     18th May 2022 ASX-listed Kingsgate Consolidated has reported a 46% increase in the ore reserve at its Chatree gold mine, in Thailand. The ore reserves have increased to 1.3-million ounces of gold up from 0.89-million ounces of gold. Furthermore, silver ore reserves have increased from 8.3-million ounces to... 

South32 targets 20% output growth by 2023

By: Esmarie Iannucci     18th May 2022 Diversified miner South32 is expecting production volumes to grow by nearly 20% in the next financial year, compared with its 2021 production levels. CEO Graham Kerr told delegates at the Bank of America Global Metals, Mining & Steel Conference that the growth in output targeted for 2023 would... 

Ghana starts gold purchase programme to strengthen currency

By: Reuters     17th May 2022 Ghana has started a bulk purchase programme to buy gold locally to raise the gold component of its reserves, Central Bank Governor Ernest Addison said on Tuesday, in a bid to strengthen the cedi currency without increasing inflation. "We have started a bulk purchase program, domestic, where we... 

Aton encouraged by high-grade North Ridge mineralisation of Rodruin

By: Donna Slater     17th May 2022 Egypt-focussed gold explorer Aton Resources’ Phase 2 drilling of the previously untested North Ridge site of the Rodruin prospect, which started in November 2021, has to date, resulted in gold mineralisation of 8.74 g/t and 29.4 g/t being discovered over 12 m. In 2018, Aton undertook a 50-hole... 

RMB Ventures invests in Inhance supply chain technology business

By: Schalk Burger     17th May 2022 Financial services firm Rand Merchant Bank private equity arm RMB Ventures has concluded an investment in supply chain technology and services business Inhance Supply Chain Solutions. RMB Ventures invested alongside black-owned investment firm New GX Capital Holding, which acquired a majority... 

NUM shocked at decision to place Ubank under curatorship

By: Tasneem Bulbulia     17th May 2022 Trade union the National Union of Mineworkers (NUM) says it is “shocked and surprised” by Reserve Bank governor Lesetja Kganyago’s decision to place Ubank under curatorship. The union says this happened despite the Ubank’s board having committed on the night of May 16 that it would raise the... 

Laneway given approval for Georgetown plans

By: Esmarie Iannucci     17th May 2022 ASX-listed Laneway Resources has been granted environmental clearance to start processing Agate Creek ore at its Georgetown processing plant, in North Queensland. Laneway earlier this year acquired the Georgetown gold processing plant, along with an extensive portfolio of mining and exploration... 

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