Investing In African Mining Indaba

Barrick & Newmont CEOs to discuss joint venture, Tanzania orders cleanup at Acacia gold mine and more top news

What’s the latest in African mining? Here’s your weekly roundup of top news stories in the sector, curated by the Mining Indaba team.
Barrick, Newmont CEOs to discuss joint venture. Newmont CEO Gary Goldberg told Bloomberg News that he won’t be discussing Barrick’s bid for his company, but rather Newmont’s proposal for a joint venture around the companies’ assets in Nevada. Read more
Tanzania orders cleanup at Acacia gold mine, threatens closure. Acacia Mining Plc has until March 30 to stop waste water pollution at its North Mara gold mine in Tanzania or the facility will be shut down, the country’s mining minister has said. Read more
South Africa's Eskom may need more bailouts despite tariff hikes. South Africa’s struggling state power firm Eskom may need more bailouts from government to survive, after the country’s energy regulator on Thursday granted it smaller tariff hikes than the utility had wanted. Read more
Zimbabwe to allow foreign platinum miners control of local operations. Zimbabwe will scrap a law that denies foreign platinum mining companies control of their operations in the country, the mines minister said on Thursday. Read more
Canadian juniors shifting focus to Africa, away from South America. The State of Mining Finance 2019 report produced by the PDAC and junior financing tracker Oreninc, shows Toronto's stock exchanges managed to bump its share of global exploration capital up to 44%.
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Botswana sees lower mineral revenues in 2019. Diamond rich Botswana expects mineral revenues in the 2019/20 fiscal year to drop by 4 percent to 13.6 billion pula ($1.26 billion) due to a decline in royalties and dividends, a minerals ministry budget document showed on Thursday. Read more

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