Africa

With coronavirus affecting a lot of industries around the world and nearly crippling economies in its wake, there’s reason to believe that the pandemic will as well mar Africa’s mining, especially the sector of gold. Over the years, huge mining operations in Africa have generated significant profits for foreign companies. …

Set to help mine planners, designers prepare prospective regions accurately MICROMINE has expanded its suite of intuitive mine planning tools which will be available in a significant upgrade pack to be released next month, the company has revealed. The software specialist, which is a market leader in mine design and …

Aim-listed Goldplat’s South African gold recovery operations maintained profitability during the quarter ended March 31, recording an operating profit of £843 000. This contributed to an operating profit of £3.4-million for the South African operations for the nine months ended March 31, which is a considerable increase on the £1.5-million …

The current Covid19-related economic challenges both locally and throughout the Africa starkly highlight the need for pan-African companies and governments to support African supply chains, and in so doing, to boost economic activity on the continent. This can be achieved by procuring the production of goods and services for infrastructure …

The free online event will feature world-class speakers, insightful programme, matchmaking. The organisers of African Utility Week and POWERGEN Africa have announced that a free, virtual conference will take place in May. “Although the event was recently postponed to November,” says event director Evan Schiff, “we recognise that the need for information, expert …

Mining software solutions provider MICROMINE has launched a new pay-as-you-go subscription model for African clients to keep pace with industry need. The Australian-headquartered company, with a regional office based in Johannesburg, offers software solutions that span the mining lifecycle – from geological exploration and data management to resource estimation, 3D …

Even in these uncertain times, traditional diamond producers remain confident about future demand. Despite the current COVID-19 outbreak, on Friday (27th March), Anglo American announced that production will continue across several African diamond assets with considerably reduced employee numbers. Individual mines will continue operating with only 50% of workers remaining. …

Researchers believe the spread of coronavirus in Asia might condemn the African continent to be the biggest loser outside Asia; this is despite the absence of a single case being confirmed thus far. According to Dirk Willem te Velde, principal research fellow at the Overseas Development Institute, a slowdown in …

Organisers of the Mining Indaba have revealed that governments are leading the way in investing at the mining jamboree. Forty countries were represented at this year’s Investing in African Mining Indaba to promote the continent’s mining sectors to a global audience of investors, suppliers and other key stakeholders. According to …

As corporates proactively implement measures to operate more responsibly and improve their Environmental, Social and Governance (ESG) performance, 2020 is shaping up to be a watershed year for sustainable finance in Africa. The continent’s mining sector is likely to be among the adopters of sustainable finance products, particularly as mining …