News

As of December 4, 2020

Latest News from Southern Africa

 

Investment News

 

Angola

Sodiam, Angola’s state diamond company, has opened a jewelry store, its latest attempt to boost the local trade in the mining-focused country.

More information here

Botswana

Giyani Metals: Drilling Commences at K.Hill Manganese Project in Botswana

More information here

Galane Gold Ltd. Announces That B2Gold Has Terminated the Earn-In Option Agreement Relating to Mupane Exploration Properties

More information here

Democratic Republic of the Congo

The Chamber of Mines in DRC is worried that the country is vulnerable to Chinese economic developments. According the Vice President of the DRC Chamber of Mines, John Kanyoni, Chinese investments account for 70% of investments in the DRC. This especially true in Haut- Katanga and Lualaba mining juristictions.

More information here

Ivanhoe Mines’ Kamoa-Kakula copper project in the Democratic Republic of Congo is less than nine months to first production .Overall progress of Kamoa-Kakula’s first-phase, 3.8 Mtpa mining and milling operation (covering mine infrastructure, concentrator plant and surface infrastructure) now is approximately 58% complete, up from 52% in September.

More information here

JSE-listed exploration company Middle East Diamond Resources (MEDR) has entered into a heads of agreement with Chun Can Capital Group to acquire all the issued shares of Casa Mining.Casa has a 73% interest in the Akyanga gold deposit, in Democratic Republic of the Congo. The deposit has a three-million-ounce inferred resource

More information here

Namibia

Namdeb, a joint venture between the Namibian government and Anglo American’s diamond unit De Beers Group, has been granted a holiday on royalty payments, the country’s mining ministry said on Friday in bid to save jobs in the shrinking sector. Namdeb currently pays a 10% royalty on its sales and 55% corporate tax on its profit. Diamonds have been mined in Namibia since 1908, but land-based operations could end in 2023

More information here

Gratomic says the final construction phase is underway at its Aukam processing plant as it aims to give its flagship graphite project in Namibia a third lease on life.

More information: https://www.mining-journal.com/energy-minerals-news/news/1399795/gratomic-nears-graphite-production-in-namibia

Tanzania

Tanzanian Gold Corp Buckreef Test Plant Supports Production Expansion after success at its operations after initially starting production on 17 Jube 2020\

More information: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1905-tsx/tnx/87733-buckreef-test-plant-supports-production-expansion.html

Zambia

Midnight Sun Mining Corp has announced that Rio Tinto Mining and Exploration Limited have delivered formal notice that they have completed the Initial Work Program phase of the earn-in and joint venture agreement on Midnight Sun’s Solwezi Licences by incurring project expenditures in excess of USD $3,000,000.
BeMetals Corp. announced the start of the fully funded exploration program at the Pengana Copper Project located on the Zambian Copper Belt.

More Information: https://www.juniorminingnetwork.com/mining-topics/topic/zambia.html\

Double Taxation is jeopardizing atleast $2 billion dollars worth of investment in Zambia according to the countries Chamber of Mines.

More information: https://www.mining-journal.com/politics/news/1396226/%E2%80%98double-taxation%E2%80%99-threatens-usd2b-of-mine-investments-in-zambia

Zimbabwe

In Zimbabwe Bravura holdings Ltd (a Nigerian owned entity) has $1 billion dollars available for they platinum project in Selous (80 km South of Harare). The project is currently at the resource definition phase and mine construction is expected to be completed in early 2022.
In addition to Bravura Great Dyke Investments (Russian) owned as well as Cypriot company have announced plans to invest in Platinum project.
In order to attract investment, Zimbabwe has reduced corporate tax for mining companies from 25% to 24%.

More information here

South Africa

Vox Royalty to Acquire Near-Term Development Vanadium Royalty on Bushveld Minerals’ Brits Project

More information: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2791-tsx-venture/vox/88324-vox-to-acquire-near-term-development-vanadium-royalty-on-bushveld-minerals-brits-project.html

Ivanhoe Mines Announces Powerful Results of the Updated Feasibility Study (FS) for the World-Scale Platreef Palladium, Platinum, Rhodium, Nickel, Copper and Gold Project in South Africa

More information: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/397-tsx/ivn/88509-ivanhoe-mines-announces-powerful-results-of-the-updated-feasibility-study-fs-for-the-world-scale-platreef-palladium-platinum-rhodium-nickel-copper-and-gold-project-in-south-africa.html

Community and Environment

Namibia

Unregulated and illegal sand mining has become a great environmental concern in Namibia since 2015, a recent study by the Institute for Public Policy Research (IPPR) has revealed in a 2020 study.

More information: https://www.namibian.com.na/96483/read/Illegal-sand-mining-getting-out-of-hand-says-IPPR

Gramotic has donated $ 70,000,00 to drought relief in Namibia.

More information: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/540-tsx-venture/grat/88785-community-building-gratomic-continues-to-support-local-initiatives.html

Zimbabwe

Villagers in Sese, Chivi Central in Masvingo province have given local mining giant, RZM Murowa, better known as Murowa Diamonds an ultimatum to leave the area accusing the company of neglecting the community’s concerns.

More information: https://allafrica.com/stories/202012010544.html

Democratic Republic of the Congo

Congolese mining company Entreprise Générale du Cobalt, or EGC, signed an offtake agreement with commodity trading group Trafigura in a bid to fomalise artisanal and small-scale cobalt mining in the Democratic Republic of Congo (DRC)
The trading agreement includes the provision of finance by Trafigura to fund the creation of strictly controlled artisanal mining zones, the installation of ore purchasing stations and costs related to the transparent and traceable delivery of cobalt hydroxide to Trafigura on an export cleared basis.
Under the supply terms, EGC will ensure that the ore marketed by Trafigura complies with OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas.

More information: https://www.miningreview.com/battery-metals/egc-and-trafigura-partner-to-formalise-asm-cobalt-mining-in-the-drc/

Volkswagen has joined the “Cobalt for Development” initiative to support improving artisanal cobalt mining conditions in the Democratic Republic of Congo.
The pilot project intends to strengthen legal compliance and improve health and safety conditions as well as social well-being in the south of the Democratic Republic of Congo. According to the carmaker, the first trainings for mine operators and miners have begun. The project is being implemented by GIZ and financed by BASF, BMW Group, Google, Samsung Electronics, Samsung SDI and Volkswagen. Currently, volkswagen does not accept cobalt from artisanal mines.

More information: https://www.greencarcongress.com/2020/11/20201121-vwcobalt.html

Sentiments about post covid-19 investments in the SADC mining Industry

On the 20th of October 2020 the CCMR attended a Webinar titled “SADC Mining Industry Post Covid-19” hosted by the Mining Review Journal. The webinar focused on investment sentiments in Zimbabwe, Namibia and South Africa. The key speakers for the webinar were executives from Prospect Minerals (Arcadia Lithium Project, Zimbabwe), Theta Gold Mines (South African gold assets) and Montoro Mining (A Namibia focused exploration company with a focus on Rare Earth Elements).

Key takings from the Webinar were that the SADC mining industry has significant potential for mineral development. From a South African Perspective President Ramaphosa recently announced the economic recovery plan which has a focus on increasing competiveness, ensuring electricity supply, improving the regulatory in the mining industry by halving the timeframe for issuances of prospecting and mining rights and the modernization of rail, road and port infrastructure. Namibia is an attractive mining destination in that has a good geological survey, a straight forward mining code that is not changing and relatively good infrastructure. The Zimbabwean government is on drive to create a mining industry worth 12$ billion dollars and the government is accessible to investors. Prospect minerals through the help of the government was able to obtain all regulatory approvals for its Arcadia Lithium project within 9 months.