South Africa’s Department of Minerals and Energy has set a target to attract US$900 million in exploration expenditure by 2025, in a bid to arrest a long running slide in the national mining industry. The exploration strategy, announced earlier this week, aims to take advantage of...
Anglo American has announced it will contribute US$30 million towards the global roll-out of COVID-19 vaccines across its operational footprint. The diversified miner, which operates in jurisdictions including Canada, Brazil, South Africa, India, China and Australia, plans to support the procurement of vaccines by host governments...
South Africa’s ministry of mines has announced that the industry recorded the lowest number of mine deaths on record in 2019, with 51 people killed compared to 81 in the previous year. Minister of Mineral Resources and Energy Gwede Mantashe delivered the 2019 mine health and...
West African countries will drive the next gold mining boom in Africa as the industry continues to decline in Southern Africa, according to the continent’s largest asset manager Public Investment Corporation (PIC). Investor-friendly policies and low cost deposits in countries such as Ghana, Mali, Burkina Faso,...
Gold output in Ghana jumped by 12% in 2018 to 4.8 million ounces (Moz), eclipsing South Africa’s output of 4.2Moz for the first time and becoming Africa’s largest gold producer in the process. South Africa’s gold sector has been in gradual decline for several years, with...
The African National Congress (ANC) has promised to focus on the development of renewable energy in South Africa, in its 2019 election manifesto. The manifesto made no mention of South Africa’s nuclear energy plans, in a further sign that government is turning away from the sector...
South Africa has dropped plans to expand its nuclear power capacity in its latest energy blueprint, instead turning to renewable energy and natural gas as it cuts down on coal usage. Under former President Jacob Zuma, the government had planned to build up to eight new...
South Africa’s public utility Eskom has provided a timely boost to the renewable energy industry with the news that it will sign 27 power purchase agreements (PPAs) for projects totaling 2.3GW. The long-awaited decision to green light the wind, solar PV and concentrated solar projects comes...
Harmony Gold has entered an agreement to buy AngloGold Ashanti’s Moab Khotsong gold mine in South Africa for US$300 million. The South African miner said the acquisition will add value to the company and strengthen its position as a cash-generative gold mining company. Harmony added in a...
Glencore will assume a 75% stake in Chevron’s Southern African assets after agreeing a US$973 million acquisition deal. The transaction means Glencore will secure its first major refinery in Africa in line with its aim to expand through strategic acquisitions, which comes after inking a near...