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Africa Mining

South African company Sibaneye-Stillwater eyes New Caledonia nickel mining plant – by Patrick Decloitre (Radio New Zealand – September 17, 2024)

https://www.rnz.co.nz/

A South African company is reported to be the most probable bidder for shares in New Caledonia’s Prony Resources. As part of an already advanced takeover of the ailing southern plant of Prony Resources, the most probable bidder is reported to be South African group Sibaneye-Stillwater, local media reported on Monday.

Just like the other two major mining plants and smelters in New Caledonia, Prony Resources is facing acute hardships due to the emergence of Indonesia as a major player on the world market, compounded with New Caledonia’s violent unrest that broke out in May.

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AngloGold Ashanti to buy Centamin for $2.5 billion – by Cecilia Jamasmie (Mining.com – September 10, 2024)

https://www.mining.com/

AngloGold Ashanti (JSE: ANG) (NYSE: AU) (ASX: AGG) is buying Egypt-focused smaller rival Centamin (LON: CEY) in a $2.5 billion (£1.9 billion) stock and cash deal that would see the South African gold miner become the world’s fourth largest producer of the precious metal.

The acquisition hands AngloGold the key Sukari mine in Egypt, which is the country’s largest and first modern gold operation, as well as one of the world’s largest producing mines.

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Premium Nickel eyes 2025 prefeasibility at Selebi mine in Botswana – by Blair McBride (Northern Miner – September 2024)

https://www.northernminer.com/

Results from infill drilling at Premium Nickel Resources’ (TSXV: PNRL) past-producing Selebi North mine in Botswana continues to build confidence, less than a month after the company posted an initial resource for the project.

Hole SNUG-24-106 in the South Limb target returned 26.3 metres of 1.09% copper, 1.56% nickel, and 0.08% cobalt from 515.7 metres depth, including 16.1 metres of 1.54% copper, 2.1% nickel and 0.11% cobalt, the company reported Thursday. The infill drilling is aimed at upgrading inferred resources, part of a 20,000-metre underground drill program whose assays weren’t included in the new resource.

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Do the Chinese come to Zimbabwe to invest or to pillage our resources? – by Tendai Ruben Mbofana (The Zimbabwean – September 7, 2024)

https://www.thezimbabwean.co/

President Emmerson Dambudzo Mnangagwa has returned from China, where he attended the Forum for China-Africa Cooperation (FOCAC). During the visit, Mnangagwa visited quite a number of companies, including Huawei, as well as giving a speech at the FOCAC, and later addressed the 8th Conference of Chinese and African Entrepreneurs.

In a statement, the president declared: This is the best time to invest in Zimbabwe. Oh really, Mr. President! What a bold thing to say! However, has there been any genuine investments by the Chinese in Zimbabwe?

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The South African who inherited a R170 billion diamond legacy – by Kirsten Minnaar (Daily Invester – September 1, 2024)

https://dailyinvestor.com/

Nicky Oppenheimer was born into one of South Africa’s most formidable diamond-mining families, but when hard times hit, he had to leave the family business.

Despite being the second-richest man in South Africa with a net worth of $9.5 billion (R171 billion) and being part of one of the country’s most influential families, Oppenheimer is incredibly reserved and humble. Nicholas Frank Oppenheimer was born in 1945 in Johannesburg into a diamond dynasty.

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The Dark Side of Cobalt: How China Mines Congo’s Treasure – by Dr Monika Chansoria (Japan Forward – September 4, 2024)

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Cobalt powers our smartphones, tablets, laptops, and electric vehicles. It’s time for global action to end child labor and other toxic conditions in the mines.

The central African country, Congo, affects our daily lives like none other. While many may be surprised at this assertion initially, it is true. Cobalt, the most essential component to every rechargeable lithium-ion battery made today, is found and mined predominantly in the Congo.

Roughly 75 percent of the world’s cobalt supply comes from the Congo. This essential element powers our smartphones, tablets, laptops, and electric vehicles. Billions of people around the world cannot conduct their daily lives without it.

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China’s Africa interests driven by race for renewables – by Lauren Johnston (Asia Times – September 3, 2024)

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Africa could learn from others how to manage mineral relations with China – looking to what Indonesia did with nickel, for example

How is the race for green energy shaping relations between China and Africa? The global climate crisis has created a push for renewable energy technology – like solar or wind power – which would lessen reliance on polluting energy sources. China saw some years ago that it had a chance to lead in such a new industry.

Africa is home to a lot of the important minerals needed to create renewable technologies – like copper, cobalt and lithium, key ingredients in battery manufacture. The race for green energy is therefore leading to a rush for these minerals in Africa, led by China, the US and Europe.

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US Sees Bipartisan Backing for Africa Critical Minerals Plan – by Matthew Hill (Bloomberg News – August 28, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — A senior US State Department official reassured African governments that an initiative to help counter China’s influence through developing infrastructure on the continent will continue even after a change in administration.

The flagship of the plan — a railway project known as the Lobito corridor that connects copper and cobalt mines in the Democratic Republic of Congo to an Atlantic port in Angola — is already far advanced, Helaina Matza, acting special coordinator for the Partnership for Global Infrastructure and Investment, told reporters on Wednesday.

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No Stone Unturned: Unearthing the Gems of Africa – by Salon Privé (Salon Privé Magazine – August 2024)

https://www.salonprivemag.com/

Gemfields announces new book “No Stone Unturned” exploring real-life gemstone adventures in Africa over 60 years, written by Richa Goyal Sikri.

These narratives, vividly recounted by influential figures in the gem trade to the author Richa Goyal Sikri, showcase the dynamic and dramatic essence of the business. They also highlight significant historical moments related to notable gem deposits in Africa.

Each story vividly portrays the exhilarating highs and treacherous lows of the trade, offering an insightful glimpse into the vibrant journey of coloured gemstones from mine to market.

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The War in Congo That’s Uprooted 7 Million People: QuickTake – by Michael J. Kavanagh and Simon Marks (Bloomberg News – August 05, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — More than 7 million people have been displaced by violence in eastern Democratic Republic of Congo, one of Africa’s most volatile regions, and fears have been simmering of a heightened conflict. President Felix Tshisekedi has accused his Rwandan counterpart Paul Kagame of supporting a rebel group known as M23.

Kagame denied the allegation and countered that Tshisekedi’s inability to control events in his own country poses a security risk to Rwanda. The acrimony escalated in early 2024, with the rebels expanding their territory around the trading hub of Goma and seizing control of key routes including those used to export tantalum, a key mineral in portable electronics.

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Scramble for Critical Minerals Spurs an African Rail Revival – by Matthew Hill (Bloomberg News – August 24, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Southern Africa’s railways are suddenly getting global attention and attracting billions of dollars in investment, with a race to secure copper supplies needed for the energy transition at its center.

From Angola on the continent’s west coast to Tanzanian on the east, governments and investors are readying to revive decades-old rail lines that have fallen into disrepair and build new ones. Much of the new demand for freight comes from the central African copperbelt that Zambia and Democratic Republic of Congo share.

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Lucara finds world’s 2nd largest diamond ever mined – by Cecilia Jamasmie (Mining.com – August 22, 2024)

https://www.mining.com/

Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492 carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined in terms of size.

The “epic” diamond, as Lucara put it, was detected and recovered by the company’s Mega Diamond Recovery (MDR) X-ray Transmission (XRT) technology, installed in 2017 to identify and preserve large, high-value stones.

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Maximizing the Benefits of the Renewed Global Interest in Africa’s Strategic Minerals – by Folashadé Soulé (Carnegie Endowment – August 15, 2024)

https://carnegieendowment.org/

Negotiations between African governments and foreign investors are often characterized by the various skills, technical capacities, and information asymmetries that shape the balance of power and influence outcomes. The dynamics of these negotiations—in pursuing extractive and infrastructure projects, in particular—merit a special focus, as agreements to carry them out often bind African countries for several decades.

Africa is home to a substantial share of the world’s reserves of mineral resources needed for the clean energy transition and could therefore be the main theater for the global race among China, the United States, European countries, Persian Gulf countries, and others to secure access. The International Energy Agency estimates that manufacturers of clean energy technologies will need forty times more lithium, twenty-five times more graphite, and about twenty times more nickel and cobalt in 2040 than in 2020.

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Mpox Risks Spreading in Congo’s Crowded Mines, Refugee Camps – by Antony Sguazzin, Michael J. Kavanagh, and Janice Kew (Bloomberg News – August 16, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — For medical and aid workers scrambling to contain an outbreak of mpox on the Democratic Republic of Congo’s eastern flank, the location couldn’t be worse. A strain of the virus — which causes lesions that can result in disfigurement, blindness, and even death — has erupted around the gold-mining town of Kamituga, where about a quarter of a million people live.

It’s an area that thousands of small-scale, individual miners travel in and out of, attracting scores of sex workers while truckers ply routes between Congo and the neighboring nations of Burundi and Rwanda, and on to Tanzania.

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Niger government continues to support Dasa, Global Atomic says (World Nuclear News – August 14, 2024)

https://www.world-nuclear-news.org/

“We continue to make significant progress at our Dasa Uranium Project, currently employing over 450 people at site and expecting to increase that number to 900 once plant construction is in full swing,” Roman said. “We have an excellent relationship with the government and have the support of their entire cabinet, as they appreciate the jobs and economic benefit that Dasa will create for Niger.”

More than 1200 metres of ramp development has been completed since the November 2022 Opening Blast Ceremony, with 7000 tonnes of development ore hauled to surface to date. Mine development is continuing, and raise boring is now under way for the main components of the mine’s ventilation infrastructure.

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