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Hummingbird expects Kouroussa to reach commercial production in the third quarter

Published: 27 Jun 24

Despite unexpected challenges at Aim-listed Hummingbird’s Kouroussa gold mine, in Guinea, over the past year, including the fire at the national fuel depot in Conakry and the temporary suspension of operations by contractor Corica Mining Services, operations have fully resumed. “We anticipate reaching commercial production at Kouroussa in the third quarter. With this progress, the company is well-positioned for significant growth, solidifying our status as a multi-asset, multi-jurisdictional gold producer,” Hummingbird CEO and interim chairperson Daniel Betts said on June 27 in an update on the progress of the ramp-up of mining operations at Kouroussa.

Absa doubles MIGA agreements to $1bn capital guarantee

Published: 27 Jun 24

Financial services firm Absa has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), which is a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. In 2019, MIGA issued capital guarantees of $497-million to Absa in support of managing certain risks in countries including Ghana, Kenya, Mauritius, Mozambique, Seychelles, Uganda and Zambia.

Index continues to show value of green buildings in South Africa

Published: 27 Jun 24

Investment services and advisory company MSCI’s South Africa Green Annual Property Index for 2023 shows that green-certified prime and A-grade offices produced a total return of 5.8%, which was 150 basis points above that of non-certified office assets of a similar quality during the year. The index, released in conjunction with the Green Building Council of South Africa (GBCSA) and sponsored by JSE-listed real estate investment trust Growthpoint Properties, continued to support the investment case for sustainable, resource-efficient real estate.

African Rainbow Minerals CEO Phillip Tobias

ARM CEO discusses elements for successful JV partnerships

Published: 27 Jun 24

Considering its long and successful history with joint ventures (JVs), diversified miner African Rainbow Minerals (ARM) CEO Phillip Tobias has noted the importance of mutual respect and transparency in JV partnerships. Speaking to London Indaba chairperson and South African mining luminary Bernard Swanepoel on the second day of the indaba on June 26, Tobias noted that, as a partner in JV operations, it is important to consider the best interests of the JV.

Daimler Truck Southern Africa appoints new sales and marketing VP

Published: 27 Jun 24

Olaf Petersen has joined Daimler Truck Southern Africa (DTSA) as its new sales and marketing VP, effective July 1. Petersen will be responsible for the new-vehicle sales portfolio for Mercedes-Benz Trucks and Fuso in the Southern Africa region.

Sumitomo may earn-in to Hammer’s Bullrush project

Published: 27 Jun 24

Exploration company Hammer Metals has teamed up with Sumitomo Metal Mining Oceana (SMMO), providing that company with an opportunity to earn up to an 80% interest in the Bullrush project, in north-west Queensland. The Bullrush project covers sections of Williams-aged Wimberu Granite, comprising about 87 km2 of Hammer’s broader 2 800 km2 Mount Isa project.

Paladin sets guidance for resurrected Namibia uranium mine

Published: 27 Jun 24

Uranium mining company Paladin will continue to use previously mined stockpile ore for production at the Langer Heinrich mine next year, and will restart mining activities in 2026. Having recently completed the restart of the Namibian mine, Paladin on Wednesday announced its 2025 production guidance of 4-million to 4.5-million uranium oxide at a production cost of $28/lb to $31/lb.

Minerals Council CEO Mzila Mthenjane being interviewed by Mining Weekly.

Mining needs one-stop regulatory environment to boost growth – Minerals Council

Published: 27 Jun 24

South African mining needs what is often referred to as a one-stop shop to ensure that an applicant is not sent from one department to the other but goes to one place where the application is submitted and the applicant receives communication from one source. “That’s a process that needs to take place as quickly as possible,” Minerals Council South Africa CEO Mzila Mthenjane highlighted during a media conference that followed the council’s 134th AGM in Johannesburg on Wednesday.

Gold Road makes readiness advancements at Yamarna

Published: 27 Jun 24

Australian mining company Gold Road is making good progress advancing its 100%-owned resources towards mine readiness at Yamarna, east of Laverton in Western Australia. The mine readiness programme includes drilling and studies designed to unlock future value from the Yamarna tenements.

Tribunal approves Bidshelf 93’s acquisition of Dekra Automotive

Published: 27 Jun 24

The Competition Tribunal has approved the intended transaction in which heavy and light vehicle sales company Bidshelf 93 will acquire vehicle testing, inspection and certification company Dekra Automotive. The tribunal has approved the proposed merger with conditions relating to the procurement and supply of services, as well as the exchange of competitively sensitive information.