Council reaffirms industry’s commitment to fighting Covid-19 pandemic

The mining industry is at the forefront of work being done to prevent the spread of Covid-19 in the workplace and will be subjected to intense scrutiny; however, it is undertaking adequate measures and responses to the pandemic and believes it is up to the task. The was indicated by industry body, the Minerals Council South Africa on May 22, during its first weekly online update on the mining industry’s position on Covid-19.

Nordgold’s first-quarter output up 4% y/y

Gold producer Nordgold’s production for the first quarter ended March 31 increased by 4% year-on-year to 225 900 oz, mainly driven by higher volumes of ore processed at Taborny and Gross mines, in Russia, and the Suzdal mine in Kazakhstan, as well as higher recovery rates at Gross, Suzdal and the Taparko mine, in Burkina Faso. Production, however, decreased quarter-on-quarter, mainly as a result of the normal impact of the winter season on heap leach operations in Russia, lower processed volumes and grades at the Bissa-Bouly mine, in Burkina Faso, and at the Lefa mine, in Guinea, as well as lower recovery at Suzdal.

Trident raises funds to execute opportunities

Diversified miner Trident Resources has successfully placed 80-million new ordinary shares, at a price of 20p per ordinary share, raising gross proceeds of about £16-million, or about $20-million. The placing was led by Tamesis Partners, Ashanti Capital and Azure Capital and received strong support from both existing shareholders and new investors. 

Auto-battery makers mull alternative chemistries to lower costs, increase driving range

Battery makers and car manufacturers have seen a shift in the pursuit of altering battery chemistry to lower the costs of new energy vehicles (NEVs) that are being manufactured and extend their driving range. Speaking to Engineering News & Mining Weekly, independent research house Afriforesight Battery Metals head Pearson Mururi says there is a continued drive by automotive battery makers to invest in the development of low-cost batteries – which contain less nickel and cobalt – with low energy density for low driving-range electric vehicles.

Galileo acquires copper exploration assets in Botswana

Aim-listed Galileo Resources has completed the acquisition  of 100% of Botswana- incorporated Crocus-Serv, having satisfied the conditions precedent in terms of an earlier heads of agreement (HoA). Crocus's assets include 21 exploration prospecting licences (PLs), 19 of which are in the highly prospective Kalahari Copper Belt (KCB) and two of which are in the Limpopo Mobile Belt (LMB) in western and north-eastern Botswana, respectively.

Minerals Council to host weekly Covid-19 update sessions

The Minerals Council South Africa will, from May 22, be providing weekly online updates on the mining industry’s position on Covid-19. During these sessions, the council and, in some instances representatives of member companies, will provide a short update on the current status of events and the initiatives in place and answer questions.

Menar’s Kangra placed on care and maintenance

Thermal coal miner Kangra has signed agreements with labour representatives to place its mine in Mpumalanga on care and maintenance. Menar, as the operator, initiated the consultations with labour in response to, besides other factors, the damage to local and international markets caused by Covid-19-related lockdowns across the world.

Speakers outline impact of pandemic on DRC, note opportunities

The mining industry in the Democratic Republic of Congo (DRC) is being negatively impacted on by the Covid-19 pandemic, but it is proving to be resilient and there are several opportunities for the industry post-Covid-19 .  This was indicated by speakers during Mining Review Africa’s 'Post-Covid-19: A brave new world for the DRC' webinar, on May 20.

Giyani to raise funds

TSX-listed Giyani Metals is undertaking a nonbrokered private placement of units to raise up to $1.2-million in immediately available new funding. Moreover, certain of the shares for debt transactions originally announced on May 6 have been approved by the TSX Venture Exchange and have now closed.