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Weekly News Roundup 06/09

Friday, September 6, 2019

What are the industry and authorities doing to combat illegal mining? There has been a significant increase in illegal mining in other commodities more recently, including diamonds, chrome and even coal. Find out more.

Harmony Gold Mining (NYSE:HMY) Downgraded by ValuEngine. Harmony Gold Mining downgraded by equities researchers at ValuEngine from a buy rating to a hold rating in a reported issued on Tuesday, find out more.

BNP Paribas Arbitrage SA lowered its stake in Harmony Gold Mining Co. by 63.7% in the second quarter. The fund owned 60,415 shares of the mining company’s stock after selling 105,891 shares during the period. Find out more.

AfriTin Mining Ltd operates as a mining company in Namiba and SA. The flagship asses is the Uis brownfield tin mine located the Erongo region. The company shares were down 0.8% on Friday, the stock traded as low as GBX 3.06 and last traded at GBX 3.10. Find out more.

Mali Lithium jumps final regulatory hurdle – investment decision in H2,2020. ASX-listed Mali Lithium granted operating permit by the Malian government to mine “world-class” 100% owned by Goulamia lithium project, granted under the 2012 Malian Mining code. Find out more.

Anglo Pacific Group PLC Acquisition of a producing copper royalty. Anglo Pacific Group PLC pleased to announce it has entered into an agreement with a subsidiary of Mantos Copper to acquire a 1.525% Net Smelter Return royality over all copper produced at the Mantos Blancos copper mine. Find out more.

Resolute Mining reported today a net profit after tax of A$39 million for the six month period ended 30 June 2019. Producing 176,237 ounces at an all-in-sustaining- cost of US$828 with total gold sales of 176,294 oz. Find out more.

Africa’s new #1 bodes well for the continent’s gold sector. Ghana recently overtook South Africa as the number on gold producing nation in Africa. Find out more.

CPC Engineering has entered into a joint venture with African companies to service Africa’s mining industry. The Africa Project Partnerships, formed in the Q1 2019 bringing together companies with a range of expertise. Find out more.

South Africa’s trade balance swings to surprise deficit in July after a revised 5.5 billion rand surplus in June, data from the revenue service showed on Friday, Read the full Reuters report.

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