Caledonia Mining advances multi-asset strategy with Zimbabwe acquisition

ZIMBABWE – Caledonia Mining has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district of Zimbabwe, from privately-owned Pan African Mining, for US$4 million in cash. Caledonia noted that Maligreen is a substantial brownfield exploration opportunity with significant historical exploration and evaluation work having been conducted on the property over the last 30 years. This includes an estimated 60,000 meters of diamond core and percussion drilling, 3.5 t of bulk metallurgical test work, and aeromagnetic and ground geophysical surveys. As of August 31, Maligreen is estimated to host a National Instrument…

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Scatec & ENGIE to produce hydrogen for Anglo’s Limpopo mine

SOUTH AFRICA – Norwegian renewable energy company, Scatec, and French energy giant, Engie, have entered into a two-year lease agreement where the former will supply its portable solar systems to help power ENGIE’s hydrogen plant stationed at Anglo American Platinum’s Mokalakwena mine in the Limpopo province of South Africa.  Scatec will supply a 616 kWp containerized mobile solar energy system to ENGIE under its “Release by Scatec” brand. Working through their scalable power solution, Release, the power producer’s mobile unit will provide solar energy for ENGIE’s hydrogen production plant which…

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Inverter supplier Sungrow set to deploy battery energy storage system for Sukari gold mine

EGYPT – Sungrow, the Chinese inverter solution supplier for renewables, has been contracted by Juwi Renewable Energy to supply inverters and a battery energy storage system (BESS) for the 36 MW off-grid solar plant at Sukari gold mine operated by Centamin in Egypt. The battery energy storage system (BESS) will have a 7.5MW energy storage capacity. Sungrow is supplying a 1,500V 6.25MW PV inverter solution with a highly integrated energy storage system with lithium iron phosphate (LFP) batteries. Smart forced air-cooling technology and a C5 high anti-corrosion capacity will help…

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Oriole Resources, IAMGOLD makes gold and diamond exploration strides at Senegal joint venture

SENEGAL – Oriole Resources and its joint venture (JV) partner IAMGOLD have announced positive drilling results from the Faré and Madina Bafé deposits at the Senala project, in Senegal. Iamgold conducted a Phase 1 drilling programme at the Faré prospect for 689 m of diamond drilling in two holes, and 4 854 m of reverse circulation (RC) drilling in 42 holes. A Phase 2 programme was partially completed at the Madina Bafé prospect for 493 m of diamond drilling down three holes and 3 111 m, from 5 000 m…

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Red Rock starts drill program Kenya gold prospect

KENYA –  Natural resources development company Red Rock Resources, following recent receipts of all permits, is now beginning the 2,000 meters reverse circulation (RC) drill programme at the Central KKM gold prospect, the central part of the Mikei gold project (MGP) in Kenya. Hole depths are planned to be between 60 meters and 220 meters and there is a possibility of extending the drill programme, the company says. Elsewhere in the MGP, Red Rock is continuing its exploration, with 54 line kilometres of the planned 115 line kilometres of induced polarisation survey covered in the Masurura area of the…

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Cement manufacturer GHACEM to construct production plant in Kumasi

GHANA – GHACEM, the nation’s leading cement manufacturer, is to construct a 1.5-million-tonne capacity cement production plant in Kumasi to serve the Ashanti Region and its surrounding areas. Mr Stefano Gallini Managing Director of GHACEM, who disclosed this, said the new project had become necessary due to the growing demand for cement in that part of the country. Additionally, the Tema and Takoradi factories will be expanded to improve efficiency and timely delivery of products. “The Ghanaian construction sector growth is the driving force behind this agenda and our Ghanaian…

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Zimbabwe sells gold refinery Fidelity Printers and Refiners for US$49m

ZIMBABWE – A total of ten companies will take control of Zimbabwe’s privatized gold refinery, Fidelity Printers and Refiners (FPR), for US$49 million, the country’s Finance minister Mthuli Ncube has said, reports Newsday. This will be the first time that the refinery will be in private hands since it was established in 1988. The sale, first announced in December 2020, will see the new shareholders owning 60% of Fidelity Printers and Refiners, while the Reserve Bank of Zimbabwe (RBZ) retains the remaining 40%. “The process of partial privatization of Fidelity…

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Sibanye-Stillwater to acquire French nickel refinery Eramet for US$77m as it advances its battery metals strategy

SOUTH AFRICA – Precious metals miner Sibanye-Stillwater has taken the next step in expanding its footprint in the battery metals sector by entering into an exclusive put option agreement with French mining group Eramet to acquire the Sandouville nickel hydrometallurgical processing facility, in France, for €65 million (US$77.4 million) according to Mining Weekly. The companies expect the deal to conclude by the end of 2021, pending regulatory approvals. Eramet can exercise the put option upon the completion of the consultation process with the relevant Eramet works councils, which is standard for…

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Rio Tinto signs renewable energy power purchase agreement in Madagascar

MADAGASCAR – Rio Tinto, Anglo-Australian metals and mining corporation, has signed a power purchasing agreement for a new renewable energy plant to power the operations of its QMM ilmenite mine in Fort Dauphin, Southern Madagascar. The project, which uses solar and wind energy, will significantly contribute towards Rio Tinto’s operations in Madagascar achieving its carbon neutral objective by 2023. The project is part of a broader initiative to reduce the ilmenite mine’s environmental footprint which includes programmes that focus on emissions reduction, waste and water management, carbon sequestration, ecological restoration…

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Platinum miners eye solar power as a green answer to load shedding

SOUTH AFRICA – The world’s biggest platinum miners are ramping up plans to build renewable energy plants to free them from power outages that have plagued South Africa for more than a decade and to reduce their carbon footprint. Sibanye Stillwater, the number one platinum miner, Impala Platinum Holdings and Anglo American Platinum said they plan to scale up solar and wind farms for their own use to cut reliance on state-owned utility Eskom, some of whose aging coal-fired plants have failed to keep up with electricity demand. South Africa…

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