Driving sustainable investment in African Mining

Weekly News Round-Up

28 May 2020 | Market News

A round-up of this week’s positive mining industry stories from across Africa.

This week, Mining Weekly reported on an updated Accenture report titled “Extracting Value and Building Resilience with Data-led Mining in South Africa” which highlights that, with a combination of seven digital initiatives, South Africa’s mining industry will be able to create R213-billion in value by 2026. Read more here.

In another South African story, one of the country’s oldest mining companies has rolled out a high-tech thermal screening solution at one of its mines in Limpopo and at its Sandton head office. This reassuring development is part of a wide-ranging initiative to protect its employees from the spread of COVID-19. Read more from Mining Weekly.

Lastly from South Africa, this piece from Bloomberg examines the intricacies of social distancing, screening and testing at the country’s deep-level mines. Read it here.

On Wednesday, Rio Tinto revealed that it has developed a process to extract the rare earth scandium from its titanium dioxide production process and is studying ways to commercially produce the mineral. Read more from Reuters.

Australian based exploration company Mako Gold Ltd (ASX:MKG) has received binding commitments for a two tranche placement to raise A$3.25 million, funding further exploration at the Napié Gold Project in Côte d’Ivoire. Learn more from Proactive Investors.

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