Weekly News Round-Up


A round-up of some of the top industry stories from across Africa this week…

A small diamond miner company has dug up one of the world’s most valuable gems in its Letseng mine, Lesotho. An analyst at BMO Capital Market, reportedly said that the diamond could sell for as much as $18 million. Read more.

South Africa’s Mines Ministry has approved AngloGold Ashanti’s sales of last remaining assets in the country to rival Harmony Gold, however it’s on the condition that it does not delist from the Johannesburg Stock Exchange, according to mining.com.

Advance gold provides update on its high-grade gold joint venture project in West Kenya, with Acacia Exploration Kenya Ltd. Read more.

Zimbabwe’s government set to attain 2023 milestone of hauling minerals worth US$12 billion, chasing the governments target of growing annual exports by 2023 up from US$2.7 billion attained in 2017. Read more.

A recent capital markets release from Canaccord Genuity lists 14 Australian stock picks. Find out which 3 ASX mining stocks are to watch by Investing News.

Zambia’s state-owned mining investment company seeks to buy a controlling stake in Glencore Plc’s local copper unity to keep the operations running and protect jobs, Bloomberg reported.

According to Mining Journal, BME claims record for the largest electronic detonator blast in South Africa, initiated by 3,780 detonators in a single blast at a manganese mine near Hotazel in the Northern Cape.

Kenmare Resources predicts a higher return for shareholders as production from its vast titanium mine in Africa increases. Read more.

South Africa stocks pulled lower as Iron Ore miners outweigh gold, Iron ore miners slid while gold producers gained amid increased demand for bullion. Read more.

Finally, if you like to keep up to date with the latest developments in African mining, why not check out Mining Indaba’s webinar schedule? The webinars are free to participate in live or watch on-demand at your convenience. Find them here.
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