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Metals make climate change mitigation possible – Citi Research 

By: Martin Creamer     23rd July 2021 In a rapid electrification scenario, metals have the ability to bring about the reduction of close to 1 000 gigatonnes (Gt) of global greenhouse gas (GHG) emissions by 2050, Citi Research states in a note that examines the metals industry’s potential contribution to climate change mitigation over... 

Akobo confident of small-scale mining potential with Segele exploration

By: Donna Slater     23rd July 2021 Ethiopia-based gold explorer Akobo Minerals reports that it has found a continuation of a high-grade gold zone at depth, beneath the Segele mineral resource, with new assays demonstrating that the high-grade mineralisation extends to at least 145 m and quite possibly deeper. The resource... 

Commodities boom presents opportunities for investors

By: Tasneem Bulbulia     23rd July 2021 The mining sector has emerged as a bright spot in the South African economy and investors are benefitting from this.   Specialist index fund manager 1nvest executive Johann Erasmus tells Mining Weekly that the recent commodities boom is attributable to a combination of delays in the global supply... 

Cora Gold targeting resource growth with southern Mali drill programme

By: Simone Liedtke     23rd July 2021 West African-focused gold explorer Cora Gold is targeting resource growth at its Sanankoro gold project, in southern Mali, and has received the eighth set of drill results from the drill campaign at the project. The results, to date, have been “extremely encouraging”, with good widths and... 

Newmont to make decision on new Peru investment by December

By: Mariaan Webb     23rd July 2021 US-based gold major Newmont will decide on a $2-billion investment at its Yanacocha mine, in Peru, by December and CEO Tom Palmer says the company is ready to engage with the incoming government of Pedro Castillo over the next six months. In a conference call with analysts on Thursday, Palmer... 

Platinum giants eye solar power as green answer to blackouts

By: Bloomberg     23rd July 2021 The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye-Stillwater, the No. 1 platinum miner, Impala Platinum Holdings and Anglo... 

Tomingley beats full year guidance

By: Esmarie Iannucci     23rd July 2021 ASX-listed Alkane Resources has exceeded its production guidance for the full year ended June, despite gold production in the fourth quarter declining slightly. Alkane this week reported that gold production at its Tomingley mine, reached 13 500 oz during the June quarter, compared with the 16... 

Solid end to Gascoyne year

By: Esmarie Iannucci     23rd July 2021 Gold miner Gascoyne Resources has reported a slight decline in gold production during the June quarter at its Dalgaranga operation, in Western Australia, compared with the March quarter. The ASX-listed miner on Friday reported that gold production for the three months to June had reached 17 416... 

Poseidon on the hunt for tailings partner

By: Esmarie Iannucci     23rd July 2021 A definitive feasibility study (DFS) into the Windarra gold tailings operation, in Western Australia, has confirmed that the project could produce between 53 500 oz and 55 200 oz of gold, subject to the mining method, over a 45-month period. ASX-listed Poseidon Nickel on Friday reported that the... 

Evolution completes A$400m raise

By: Esmarie Iannucci     23rd July 2021 Gold miner Evolution Mining has completed a A$400-million institutional placement to fund the acquisition of fellow listed Northern Star’s Kundana gold assets, in Western Australia. The two companies this week unveiled the agreement which would see Evolution acquire a 51%interest in the East... 

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