South African Court Ruling May Revive Mining Investor Interest – by Felix Njini (Bloomberg News – September 22, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — South Africa’s High Court struck down some changes to mining regulations that govern Black ownership targets, in a move that could potentially revive investor interest in the sector.

In 2018, Mines Minister Gwede Mantashe adjusted the rules to stipulate that an ownership target of 26% for Black investors in South African mining companies would remain in perpetuity, so miners that had previously met the threshold would need to find new Black shareholders if the original ones exited their holdings.

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Chinese mining firms told to stop work and leave Democratic Republic of Congo – by Jevans Nyabiage (South China Morning Post – September 16, 2021)

https://www.scmp.com/

China has ordered its companies that broke laws and environmental standards in the Democratic Republic of Congo to cease operating and leave the country – at a time when the African nation’s government is aiming to renegotiate “infrastructure for minerals” deals with Beijing.

It came after South Kivu province suspended six Chinese firms’ operations over illegal mining and destruction of the environment. The companies had missed a deadline to register their activities with the Congolese authorities.

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ChromeSA says imposition of export tax would be high risk – by Martin Creamer (MiningWeekly.com – September 14, 2021)

https://www.miningweekly.com/

JOHANNESBURG (miningweekly.com) – The imposition of a tax on the export of chrome ore would be high risk and the gain from such an intervention would likely be eroded fairly quickly by the high cost of electricity, which is the real problem.

Chrome SA’s Alistair McAdam and Paul Anderson of Genesis Analytics highlighted this summary when they spoke to Mining Weekly in a Zoom interview on Monday. (Also watch attached Creamer Media video.)

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How Africa’s newest President plans to dig a copper powerhouse out of a mountain of debt – by David Meyer (Yahoo Finance/Fortune – September 13, 2021)

https://finance.yahoo.com/

Africa’s second-biggest copper producer, Zambia, is buckling under billions of dollars in debt, and its new President has a plan to get out from underneath it: stop borrowing so much, and mine harder.

Hakainde Hichilema was elected last month—a triumph that followed five failed attempts at the presidency, and a 2017 spell behind bars for “treason” after the tycoon failed to give way to the motorcade of now–former President Edgar Lungu.

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Blood diamonds aren’t a girl’s best friend – by Karen Attiah (Washington Post/Santa Fe New Mexican – August 28, 2021)

https://www.santafenewmexican.com/

Diamonds, I’m sorry to say, aren’t Beyoncé’s best friend — even if the Grammy Award-winning artist and her new corporate partner, Tiffany and Co., would like to make it so.

Last week, Tiffany released a new campaign featuring Beyoncé, husband Jay-Z — and the famed 128.54 carat yellow Tiffany diamond, discovered in South Africa in 1877 at the Kimberley Mine by Charles Lewis Tiffany. His iconic company gleefully lauded the fact that Beyoncé is only the fourth woman — and first Black woman — to wear the glamorous necklace; her predecessors include Audrey Hepburn, who wore the stone in publicity photos for her 1961 movie, Breakfast at Tiffany’s.

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Cameroon Tries to Get Child Miners Back to School – by Moki Edwin Kindzeka (Voice of America – September 09, 2021)

https://www.voanews.com/

KAMBELE, EASTERN CAMEROON – Authorities in Cameroon say they are attempting to remove thousands of children working in gold mines along the country’s eastern border. Some of the children were displaced from the Central African Republic because of violence there and dropped out of school to mine gold for survival.

The 2021-2022 school year in Cameroon started Monday, and Cameroon’s Ministry of Basic Education says thousands of children have not returned to class in areas along the border with the Central African Republic.

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What is ultimately at stake in the Tiffany diamond row? It isn’t Beyoncé’s ethics – by Arwa Mahdawi (The Guardian – September 1, 2021)

https://www.theguardian.com/

It doesn’t matter how rich, grownup or successful you might be, sometimes your mum still feels the need to come to your rescue. Tina Knowles-Lawson, AKA Beyoncé’s mum, has just had a very sharp word on social media with critics of her daughters’ new advertising campaign.

Beyoncé, you see, has been getting some flak for wearing a 128-carat yellow diamond in a new campaign for Tiffany & Co. She is only the fourth person in the world to have worn this fancy diamond apparently, and she is the first black woman to wear it.

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West Africa’s political whirligig won’t keep investment dollars from its gold – by David McKay (MiningMX.com – September 10, 2021)

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IN 1997, when Randgold Resources listed on the London Stock Exchange, about 2.5% of world gold production was being dug in West Africa, of which most was from Ghana. In contrast, South Africa produced more than 15% of total world production.

Two decades later, just as Barrick Gold absorbed Randgold Resources in a merger that left a gaping hole in London’s gold investment market, the picture could hardly be more different.

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The coup in tiny Guinea matters at a geopolitical level. The US-China ‘cold war’ is a race for strategic dominance of commodities – by Tom Fowdy (RT.com – September 7, 2021)

https://www.rt.com/

Tom Fowdy is a British writer and analyst of politics and international relations with a primary focus on East Asia.

The impoverished country is rich in essential metals that Beijing desperately needs. So was the military takeover by a former French legionnaire with ties to America a plot by the usual Western suspects?

The West African nation of Guinea has just experienced a military coup. Lieutenant-Colonel Mamady Doumbouya, with an elite segment of troops, has overthrown the government of Alpha Conde and seized power, a move that has been condemned by the African Union and China, with the latter demanding that the president be released.

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Congo reviews Chinese mine contracts after President Felix Tshisekedi pushes back against deals favouring foreign firms – by Jevans Nyabiage (South China Morning Post – August 29, 2021)

https://www.scmp.com/

The world depends on the Democratic Republic of Congo for its cobalt to electrify vehicles. But the DRC, which supplies more than 60 per cent of the world’s reserves of cobalt ore, believes it may be getting short-changed by foreign mining companies – and is investigating whether unfair foreign mining contracts were signed during the previous administration.

The Congolese government early this week formed a commission to inevestigate the reserves at the Tenke Fungurume Mining (TFM) copper and cobalt project, which is majority-owned by China Molybdenum Co.

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Guinea coup rattles iron ore and bauxite markets, stokes economic uncertainty – Elliot Smith (CNBC.com – September 7, 2021)

https://www.cnbc.com/

A military junta claimed to have seized control in the West African country of Guinea and detained President Alpha Conde, casting uncertainty over key bauxite and iron ore supplies.

The coup, carried out on Sunday by an elite special forces unit led by 41-year-old Col. Mamady Doumbouya, is the latest in a series of power grabs in the region over the past year, including in nearby Mali and Chad.

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South Africa: Violence Adds to Uncertainty for South Africa’s Mining – by Christopher Vandome and Sheila Khama (All Africa.com – August 2021)

https://allafrica.com/

South Africa’s mining industry faces decline without international investment, but political uncertainty and civil unrest only impedes hopes to rejuvenate it.

Mining unquestionably remains one of South Africa’s most important economic sectors, contributing 8-10 per cent of national GDP and, on average, each of its almost half a million strong labour force providing income for nine dependents.

But South Africa’s share of the global mining exploration expenditure dropped a staggering 20.5 per cent in 2020 to rank only sixth in Africa and represent less than one per cent of the global exploration spend – its lowest place in decades and a devastating position for a country whose geological attractiveness should protect its status as a top global player.

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With free education, Congo’s child miners swap hammers for books – by Ange Kasongo (Reuters – August 9, 2021)

https://news.trust.org/

KIPUSHI, Democratic Republic of Congo, Aug 10 (Thomson Reuters Foundation) – S queezed on to benches and on the floor, the Congolese students of Kipushi Primary School did not complain that they only had a few, battered textbooks to share – just down the road, hundreds of less fortunate children were working in open-pit mines.

Enrolment at the school – named after the town of 174,000 people, which is dominated by its copper, zinc and cobalt mines – has risen by 75% to 1,400 students since the Democratic Republic of Congo introduced free primary education in 2019.

“The difficulties are there but free education is a good thing because getting kids to study back then was a headache,” said Maloba Mputu Stany, principal of the school in the eastern province of Haut-Katanga.

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Ferrochrome is part of the green revolution – Glencore – by Martin Creamer (MiningWeekly.com – August 6, 2021)

https://www.miningweekly.com/

JOHANNESURG (miningweekly.com) – Diversified mining and marketing company Glencore views the ferrochrome market as being particularly strong currently. “We’ve seen very healthy ferrochrome prices and good cash generation in that business,” Glencore CEO Gary Nagle said.

In response to Mining Weekly during a media conference following the company’s presentation of record half-year results, Nagle highlighted ferrochrome’s good fortune as being driven by the very strong global production of stainless steel, in which it is a key ingredient.

Fiscal stimulus has boosted demand for white goods and the like, and stainless steel and its ferrochrome twin have provided the necessary innards to meet that demand.

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Australia and Guinea to drive global bauxite production growth – report – by Editor (Mining.com – August 2, 2021)

https://www.mining.com/

New projects coming online in key producers Guinea, Indonesia and Australia as well as a ramp-up in Indian and Indonesian production will drive bauxite production growth in 2021 after the covid-19 pandemic in 2020, Fitch Solutions predicts in its latest industry report.

Australia’s bauxite sector will maintain steady output growth, supported by a solid project pipeline. Australia holds 12 of the 32 new bauxite projects in Fitch’s Key Mines Projects Database, more than any other country.

Rio Tinto’s expansion at the Amrun project will drive bauxite production in the country over the coming years, Fitch says. The Amrun project achieved first production in December 2018 and ramped up operations to the full production rate of 22.8mn tonnes per annum (mtpa) in April 2019.

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