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UK-funded low carbon technology programme calling for proposals in South Africa

By: Rebecca Campbell     Updated 33 minutes ago The UK Government-funded Climate Finance Accelerator (CFA) programme’s South African operation is calling for investment proposals from local low-carbon projects that would fight climate change but need funding. Funded by the UK Government Department of Business, Energy and Industrial Strategy,... 

Akobo Minerals secures first phase of Segele project financing

By: Tasneem Bulbulia     Updated 42 minutes ago Scandinavian gold exploration and boutique mining company Akobo Minerals has secured a convertible loan of NKr49.18-million, or about $5-million, to fund the first phase of the Segele mining operation in Ethiopia. The remaining $7-million for the final phase of the project is contemplated to be... 

Barrick highlights sustainable value creation at Kibali in the DRC

By: Tasneem Bulbulia     Updated 44 minutes ago NYSE- and TSX-listed Barrick Gold says the Kibali gold mine’s investment in the Democratic Republic of Congo now exceeds $4-billion and has created a “thriving regional economy in a remote part of the country through partnering with and mentoring local entrepreneurs, uplifting host communities... 

Advisory firms find only benefits to Mason, Nouveau Monde JV

By: Marleny Arnoldi     5th July 2022 Independent proxy voting advisory firms Institutional Shareholder Services (ISS) and Glass Lewis have advised Canadian corporation Mason Graphite shareholders to vote in favour of the option and joint venture agreement (JV) intended with NYSE-listed Nouveau Monde Graphite (NMG), as well as a... 

NevGold closes option to acquire Nutmeg Mountain gold project

By: Tasneem Bulbulia     5th July 2022 Mineral exploration and development company NevGold has announced the closing of the option agreement to acquire the Nutmeg Mountain gold project, in Idaho, and a C$1-million strategic investment by TSX- and NYSE-listed GoldMining. “NevGold is very pleased to close the option agreement on Nutmeg... 

Hecla to help Keno Hill achieve its full potential

By: Mariaan Webb     5th July 2022 NYSE-listed Hecla Mining on Tuesday announced the acquisition of NYSE American- and TSX-listed Alexco Resources in a transaction that will make the company not only the biggest silver producer in the US, but also in Canada. Each outstanding common share of Alexco will be exchanged for 0.116 of a... 

Civil organisations call on UNDP to withdraw from MoU for coal-dependent SEZ in Limpopo

By: Schalk Burger     5th July 2022 Various civil society organisations, including environmental protection organisations, have voiced strong criticism of the decision by the United Nations Development Programme (UNDP) to support the heavily coal-dependent industrial zone in the Musina-Makhado Special Economic Zone (MMSEZ), in... 

TEDA Renewable Energy Roundtable drives powerful Green Economy dialogue

5th July 2022 Across the globe, climate change and the drive to move away from fossil fuels to clean energy has created immense opportunities for renewable energy. This has become one of the leading sectors in the world in terms of investments, driving development of the “Green Economy”. On 28 June 2022, the... 

Mosaic acquires 100% interest in Gaboury, 113 North projects

By: Tasneem Bulbulia     5th July 2022 Canadian mining exploration company Mosaic Minerals has signed an agreement to acquire 100% of the interest in the Gaboury project, in Témiscamingue, Québec and 113 North project in Abitibi, Québec, from TSX-V-listed Fokus Mining. To acquire 100% interest in the Gaboury and 113 North projects,... 

Drakenstein municipality explores IPP procurement to combat load-shedding 

By: Terence Creamer     5th July 2022 The Drakenstein municipality in the Western Cape – encompassing Paarl, Wellington, Mbekweni, Gouda, Saron, Hermon and Simondium – reports that it is exploring the procurement of electricity from independent power producers (IPPs) to mitigate the negative impact of ongoing load-shedding by Eskom.... 

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