Weekly News Roundup 06/09


What’s the latest in African mining? Here’s your weekly roundup of top news stories in the sector, curated by the Mining Indaba team.

What are the industry and authorities doing to combat illegal mining? There has been a significant increase in illegal mining in other commodities more recently, including diamonds, chrome and even coal. Find out more.

Harmony Gold Mining (NYSE:HMY) Downgraded by ValuEngine. Harmony Gold Mining downgraded by equities researchers at ValuEngine from a buy rating to a hold rating in a reported issued on Tuesday, find out more.

BNP Paribas Arbitrage SA lowered its stake in Harmony Gold Mining Co. by 63.7% in the second quarter. The fund owned 60,415 shares of the mining company’s stock after selling 105,891 shares during the period. Find out more.

AfriTin Mining Ltd operates as a mining company in Namiba and SA. The flagship asses is the Uis brownfield tin mine located the Erongo region. The company shares were down 0.8% on Friday, the stock traded as low as GBX 3.06 and last traded at GBX 3.10. Find out more.

Mali Lithium jumps final regulatory hurdle – investment decision in H2,2020. ASX-listed Mali Lithium granted operating permit by the Malian government to mine “world-class” 100% owned by Goulamia lithium project, granted under the 2012 Malian Mining code. Find out more.

Anglo Pacific Group PLC Acquisition of a producing copper royalty. Anglo Pacific Group PLC pleased to announce it has entered into an agreement with a subsidiary of Mantos Copper to acquire a 1.525% Net Smelter Return royality over all copper produced at the Mantos Blancos copper mine. Find out more.

Resolute Mining reported today a net profit after tax of A$39 million for the six month period ended 30 June 2019. Producing 176,237 ounces at an all-in-sustaining- cost of US$828 with total gold sales of 176,294 oz. Find out more.

Africa’s new #1 bodes well for the continent’s gold sector. Ghana recently overtook South Africa as the number on gold producing nation in Africa. Find out more.

CPC Engineering has entered into a joint venture with African companies to service Africa’s mining industry. The Africa Project Partnerships, formed in the Q1 2019 bringing together companies with a range of expertise. Find out more.

South Africa’s trade balance swings to surprise deficit in July after a revised 5.5 billion rand surplus in June, data from the revenue service showed on Friday, Read the full Reuters report.
 
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