R/€ = 16.32 Change: -0.01
R/$ = 14.37 Change: -0.02
Au 1407.18 $/oz Change: -26.13
Pt 807.13 $/oz Change: -5.88


What are Bafana’s chances at Afcon?

By: Martin Zhuwakinyu     21st June 2019 Apologies to readers of this column who cannot tell FIFA from UEFA or CAF: this week I focus on football, which the Brazilian legend known to much of the world simply as Pele famously described as “the beautiful game”. Starting at 22:00 tonight, when Zimbabwe takes to the field against Egypt at... 

Shea butter processing plant, Mali

By: Sheila Barradas     21st June 2019 Mali Shi is building a processing plant with a design capacity of up to 30 000 t/y of shea nuts in Bamako. 

Resolute Mining determined to grow as adds London listing

By: Reuters     20th June 2019 Australian-listed gold miner Resolute Mining lists on the London Stock Exchange on Thursday to broaden its investor base and pursue its ambition to be a high-tech, pan-African gold producer, partly through acquisitions. New listings have been scant in London, where uncertainty over Britain's... 

Morocco’s Managem increases stake in Guinea’s Tri-K gold project to 85%

By: Reuters     19th June 2019 Morocco’s leading mining firm Managem said on Tuesday it increased its stake in the Tri-K gold project in eastern Guinea Conakry to 85% after acquiring a 30% stake held by its partner Avocet Mining for $21-million. The acquisition is in line with the group’s strategy to boost its gold production... 

Australia’s Resolute to list on LSE

By: Simone Liedtke     18th June 2019 ASX-listed Resolute Mining, which operates gold mines in Australia and Africa, expects its shares will start trading on the LSE on June 20. The dual listing on the LSE is a significant milestone in the ongoing transformation of the gold miner and takes place as the company ramps up its new Syama... 

Côte d’Ivoire smart grid improves power security, access to power pool

By: Schalk Burger     14th June 2019 A smart electricity grid solution, developed and built by electricity multinational ABB, provides connectivity for all critical elements of the grid, helps operators to balance supply and demand and, crucially, enables Côte d’Ivoire to access the West African Power Pool (Wapp), says ABB Power... 

Oklo exercises Sari option

By: Esmarie Iannucci     12th June 2019 Explorer Oklo Resources has exercised its option to acquire a 65% interest in the Sari gold project, in Mali. Under the terms of a 2018 agreement, Oklo has now exercised its rights by paying €15 245. The company could increase its shareholding in the project area to 100% by paying a further €15... 

Resolute expands US dollar hedging position

By: Creamer Media Reporter      6th June 2019 Australia-based miner Resolute Mining is taking advantage of the gold price strength by hedging 30 000 oz at an average price of $1 337/oz, thereby securing price certainty for a portion of near-term US dollar revenues from its Syama gold mine, in Mali. Before these additional hedges, the... 

Lithium mining superpowers seek riches as battery makers

By: Bloomberg     4th June 2019 The race by Tesla, Samsung SDI and other technology giants to secure supplies of lithium — a key ingredient in batteries for electric vehicles and smartphones — is creating a unique chance for two global mining superpowers to reap more value from their natural resources. Australia and Chile are... 

SANDF honours soldiers who died during UN peacekeeping operations

By: African News Agency      30th May 2019 The South African National Defence Force (SANDF) on Wednesday honoured soldiers who had died during worldwide United Nations peacekeeping operations since 2003.  The event took place at the department of defence mobilisation centre in Bloemfontein and was planned to coincide with observance of... 

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