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Angola: Anglo American Engages in Mineral Prospecting in Angola for Three Months 14 AUGUST 2021
Luanda — The mining prospecting works initiated by the multinational Anglo American, in the provinces of Moxico (east) and Cunene (south) will be concluded in roughly three months' time, said the chairman of the Board of Directors of the Geological Institute of Angola, Canga Xiaquivuila.
At the start of the activity, he explained, these aero-geophysical studies for the two locations in East and South Angola, respectively, will involve two aircrafts: one engaged in electromagnetic survey, in Moxico, and the other in magnetic survey, in Cunene.
The operation results from mining investment contracts, signed by Anglo American and the Ministry of Mineral Resources, Oil and Gas (MIREMPET), in November 2019, and will make it possible to select the areas of interest for mining exploration in these provinces, in a first phase.
Anglo American (British multinational) signed five contracts with MIREMPET, three for the province of Cunene, for base metals (copper, cobalt and nickel), and two in Moxico (copper, cobalt and silver).
"After recognition, come the steps of discovery, deposit and evaluation of the resource, until reaching the mineral. It's an aero-geophysical moment, which happens in the best possible way because of the National Geology Plan (PLANAGEO) that came to improve and assess the country's geographic potential", Canga Xiaquivuila described.
He went on to say that in order to achieve the final goal, which includes reaching the best results, extraction of minerals can take much more than 15 years, but with the investment of the Angolan government, the time of transformation to a mine was reduced.
"I can't specify the amounts of that investment. However, with my experience as a technician, it can take 30 million dollars a year," he said.
The Investor
In 2020, the executive director of Anglo American, Mark Cutifane, said he was impressed with the strategic vision of Angola, the state with which he signed five agreements, from which he expects benefits for the Angolan communities, as well as for Anglo American.
https://allafrica.com/stories/202108160704.html
Once again Theorist/ausheds
Your inability to click on a link - Anglo American starts mining metals in Angola in 2020
February 6, 2020 in Africa, Angola, Conference, Economy, Government, Mining
Mining group Anglo American is due start its activities in Angola this year, under the agreements signed with the Ministry of Mineral Resources and Oil in 2019, announced on Tuesday in Cape Town, South Africa, the group’s chief executive, Mark Cutifani.
The group signed five mining investment contracts with the ministry in November 2019, in Luanda, three of which for the province of Cunene, for base metals (copper, cobalt and nickel) and two in Moxico (copper, cobalt and silver).
A statement from the Office of Institutional and Press Communication of the Ministry of Mineral Resources and Oil released in Luanda said that the mining group expects to start prospecting work before the end of 2020, according to Cutifani who, on the sidelines of this year’s edition of the Mining Indaba conference, gave the Angolan minister assurances of this.
The statement added that the prospecting work still depends on the signing of a set of agreements between the mining group and the Government of Angola.
https://furtherafrica.com/2020/02/06/anglo-american-starts-mining-metals-in-angola-in-2020/
Once again Theo shooting negative comments out, With no research , really don't know why I bother to reply to you sometimes.
Anglo American starts mining metals in Angola in 2020
https://furtherafrica.com/2020/02/06/anglo-american-starts-mining-metals-in-angola-in-2020/
Eni to invest $7 billion in Angola over next four years
https://www.reuters.com/article/us-eni-angola-idUSKBN2BU2QN
With oil now around the $100 per barrel both of your comments are irrelevant in Angola's case , if you were to do some research instead of firing negative statements off the hip as normal you might be enlightened on Angola's economics with oil revenue to pay debt.
Angola has discovered a considerable amount of rare-earth minerals, and this represents a great opportunity”
“The world is changing its consciousness regarding the consumption of energy,” says Geraldine Chimbali, Geologist, Pensana Rare Earths. “Neodymium and praseodymium are both crucial in developing key elements that make this new vehicle and energy technology possible. It’s a huge project."
The project will bring major social and economic benefits to Angola and will help accelerate the diversification of the economy. The mine looks set to become a major supplier of the magnet metals critical to the clean energy future. "We intend to use hydroelectric power to lower the emissions for electric power and we’re going to be using the railway instead of trucks to lower carbon emissions," says Chimbali. "Whatever we do, we have the environment and community well-being in mind.”
https://sponsored.bloomberg.com/immersive/aipex/mining?utm_medium=social&utm_id=customcontent-AipexAngolaAgricultureAndFisheriesVideoViews&utm_source=Twitter&utm_campaign=Business-Paid&utm_content=EMEA-Ad3
Agenda
Sunday, 27 March 2022
International Delegation arrive in Luanda.
Monday, 28 March 2022
Welcome presentation for the delegation by HMA Roger Stringer, Diamantino Azevedo, Minister for Mineral Resources & Petroleum, and the Angolan National Mining Agency.
Evening reception, and presentation from Provincial Government of Huambo.
Tuesday, 29 March 2022
Delegation depart from Huambo travelling on the Benguela Railway.
First Stop: Pensana’s Rare Earths site at Longonjo.
Second Stop: Port city of Lobito.
https://eu.eventscloud.com/website/7223/home/
Bosveld Phosphate (Pty) Ltd found guilty for polluting the Selati River
The Department of Environmental Affairs, has welcomed the sentence against Bosveld Phosphate (PTY) Ltd in relation to environmental degradation and water offences. These charges relate to unlawfully and intentionally or negligently causing a situation in December 2013 which led to water containing polluted substances being released into the Selati River which forms one of the tributaries of the Olifants River.
The Olifants River eventually flows through the Kruger National Park which is one of South Africa’s biggest drawcards for tourism. The waste water that was released had the potential to cause serious damage, not only to the immediate environment, but also to water resources of Mozambique.
Quick intervention by the authorities was therefore critical. At the time SANParks, together with the Department of Water Affairs and Sanitation, ensured that immediate measures were implemented by Bosveld to ensure that the risk to the environment was reduced. These measures included dredging the impoundment facilities to create extra storage capacity and a number of other activities in order to ensure that another spill did not occur.
In total, R48 million rand was spent in implementing these measures. The criminal prosecution of this matter was led by the Green Scorpions of the National Department of Environmental Affairs. After a thorough investigation of this matter, Bosveld pleaded guilty to all the charges of pollution between the periods of December 2013 and March 2014 at the Regional Court for the Regional Division of Limpopo in Phalaborwa on 30 July 2015.
In terms of Section 34 (1) and (3) of the National Environmental Management Act of 1998, the accused was ordered by the court to pay an amount of one million, four hundred and fifty thousand rand (R1 450 000) within 14 days from the date of the sentence, in addition to a number of suspended sentences (fines adding up to an additional R1 100 000) for contravention of the National Environmental Management Act and the National Water Act.
The Department of Environmental Affairs will use the remedial measure amount for the purpose of proper execution of the Green Scorpions enforcement duties, environmental rehabilitation, enforcement training and also for the benefit of SANParks and the Department of Water Affairs and Sanitation.
The Department of Environmental Affairs is mandated to protect the environmental rights of every citizen by ensuring they have an environment that is not harmful to their health, for the benefit of present and future generations through reasonable legislative and other measures that prevent pollution and ecological degradation.
https://www.gov.za/speeches/bosveld-phosphate-pty-ltd-found-guilty-polluting-selati-river-06-august-2015-6-aug-2015
South Africa’s mining industry faces decline without international investment, but political uncertainty and civil unrest only impedes hopes to rejuvenate it.
Mining unquestionably remains one of South Africa’s most important economic sectors, contributing 8-10 per cent of national GDP and, on average, each of its almost half a million strong labour force providing income for nine dependents.
But South Africa’s share of the global mining exploration expenditure dropped a staggering 20.5 per cent in 2020 to rank only sixth in Africa and represent less than one per cent of the global exploration spend – its lowest place in decades and a devastating position for a country whose geological attractiveness should protect its status as a top global player.
Despite still being valued at $77.4 million, this huge reduction in exploration has adverse knock-on effects for the pipeline of planned investment in brownfield, mid-stream and downstream mineral value chain projects, and the supply chain, all of which will shrink the industry at least for the foreseeable future.
Anxieties around policy and regulatory uncertainty are compounded by the longstanding concerns about the ANC leadership’s handling of its factional divisions
South African mining is proving vulnerable to global competition for finance and skills, with restricted foreign direct investment into greenfield projects and marginal deposits – and it faces political risks such as an unpredictable regulatory landscape, fears of resource nationalism, and difficult community relations driving declining investment.
https://www.chathamhouse.org/2021/08/violence-adds-uncertainty-south-africas-mining
Steve de Cliff Juru's findings led Burundi's president Evariste Ndayishimiye to call for a moratorium on mining and suspend permits held by Rainbow Rare Earths, chaired by Cyprus magnate Adonis Pouroulis.
Early this summer, Burundian Steve de Cliff Juru's findings put a temporary end to Cypriot African mining magnate Adonis Pouroulis's company Rainbow Rare Earths' projects. As many western countries are actively looking for suppliers outside of China which has a near-monopoly on the extraction of these metals (AI, 20/07/21), Rainbow Rare Earths had begun trial mining at the Gakara mine in western Burundi with the intention of becoming one of the important players in praseodymium and neodymium extraction outside China.
However, on 24 June, after suspending the company's export permit on 8 April, the minister of hydroelectric power, energy and mines, Ibrahim Uwizeye, suspended its mining permit.
https://www.africaintelligence.com/mining-sector_exploration-production/2021/08/19/adonis-pouroulis-stopped-in-his-tracks-by-local-expert-in-rare-earths-race-with-beijing,109685915-gra
RICHARDS BAY, South Africa—Last May, three men strode into a suburban street and sprayed gunfire into a car, killing mining executive Nico Swart on his way to work.
Mr. Swart, 47 years old, had been a general manager at Richards Bay Minerals, or RBM, which is majority owned by global mining giant Rio Tinto PLC. His murder, which is still under investigation, marked another grim flashpoint in the decline of South Africa’s signature industry.
In June, protesters and looters attacked RBM operations, destroying property and mining equipment. In response, Rio Tinto declared force majeure on all customer contracts at RBM, employing the legal provision that excuses parties from contract terms because of unforeseen circumstances.
South Africa’s $24 billion mining sector, which has provided the raw material for nearly half the gold bullion and gold jewelry ever produced, is waning under the pressure of violent crime, growing costs and regulatory uncertainty, as well as tapped-out mines.
Some of the world’s most familiar mining brands have headed for the door, threatening severe consequences for South Africa’s struggling economy, which has also been walloped by Covid-19. The nation’s unemployment rate hit a record 34.9% last year. Mining employs more than 450,000 people and makes up some 8.4% of national economic output.
In recent years, South Africa’s metal refineries and processing plants have been the target of commando-style robberies carried out by Kalashnikov-toting gangs. Mining companies suffered 22 armed heists at precious-metal facilities in 2019 and 2020—a period of rising gold prices—as well as an attempted robbery in 2021, according to Minerals Council South Africa, an industry group.
“I’m very angry about what’s happening in South Africa, and disappointed,” said Neal Froneman, chief executive of Johannesburg-based Sibanye-Stillwater Ltd., one of the world’s largest producers of platinum, palladium and gold. “But I have to put my personal views and emotions to one side. This is why we’re internationalizing our business.” The company in recent years has expanded mining operations to the U.S. and Finland.
The arrest in July of former President Jacob Zuma for refusing to appear at a government commission investigating alleged corruption during his nine years in office sparked the worst rioting since the Apartheid era.
More than 300 people died in the nation’s two most populous provinces. The state insurance company estimated as much as $1.7 billion in losses from damage and looting. Ports were disrupted, and South Africa’s largest petroleum refinery was shut for more than a week, sparking panic buying.
“The looting undoubtedly had a serious impact on investor confidence,” said Mike Teke, chief executive of Seriti Resources, a Johannesburg-based coal miner, and a former executive at South Africa’s Impala Platinum Holdings Ltd. “It made South Africa look like it has no control of its law and order.”
https://archive.ph/5Nm0N#selection-763.
Rainbow Rare Earths expands into Zimbabwe
Africa-focused Rainbow Rare Earths (LON:RBW) has acquired ten mining claims in northern Zimbabwe as part of its mounting efforts to expand operations beyond Burundi, where it runs Gakara, Africa’s only producing rare earths mine.
The company said the properties, covering 12.6 square kilometres, have previously been explored for phosphate, used as fertilizer. One of them, the Kapfrugwa (also known as Gungwa) deposit has been identified by the US Geological Survey as potentially hosting Cerium and Lanthanum.
https://www.latam-mining.com/rainbow-rare-earths-expands-into-zimbabwe/
Environmental Affairs welcomes guilty judgement of Bosveld Phosphate (PTY) Ltd
Bosveld Phosphate (Pty) Ltd found guilty for polluting the Selati River
The Department of Environmental Affairs, has welcomed the sentence against Bosveld Phosphate (PTY) Ltd in relation to environmental degradation and water offences. These charges relate to unlawfully and intentionally or negligently causing a situation in December 2013 which led to water containing polluted substances being released into the Selati River which forms one of the tributaries of the Olifants River.
The Olifants River eventually flows through the Kruger National Park which is one of South Africa’s biggest drawcards for tourism. The waste water that was released had the potential to cause serious damage, not only to the immediate environment, but also to water resources of Mozambique.
https://www.gov.za/speeches/bosveld-phosphate-pty-ltd-found-guilty-polluting-selati-river-06-august-2015-6-aug-2015
Jan. 18, 2022 9:50 am ET
Violent Crime, Rising Costs Put South Africa’s Mining Industry in a Deep Hole
Some long-time enterprises in the country’s storied $24 billion sector have headed for the exits, threatening an already struggling economy
https://www.wsj.com/articles/violent-crime-rising-costs-put-south-africas-mining-industry-in-a-deep-hole-11642517454
They would still some type of licence separation processing sorting , what about fiscal terms royalties local and government taxes as previous negotiations by the company and Burundi government has ended a fiasco.
Rainbow in London offers another cautionary tale, beginning production in 2017 but
stumbling and since mid-2021 seeing activity stop because of a dispute with the Burundi
government. It is now developing a project in South Africa, an easier place to do business
London's other rare earth companies have made the most of investor interest. Pensana plans to
mine neodymium and praseodymium at its Longonjo mine in Angola, and then ship the
concentrates out to a $125mn rare earths separation facility it is planning for the Humber.
Atherley said the key to success for rare earths companies is recognising the new orthodoxy:
‘He who separates wins’.
Pensana sees the Saltend Chemicals Park in Hull, where it has received planning permission
to build a rare earths processing facility capable of producing 4,500 tonnes of magnet metal
rare earth oxides a year, or 5 per cent of the global projected demand in 2025, as a “jewel in
the crown”.
The 370-acre site is already home to chemical engineering giants Ineos and BP Chemicals,
and Atherley describes it as a “WeWork for chemical engineering plants – without the beer or
the charismatic CEO”. This would allow Pensana to sidestep some of the burdens of building
chemicals infrastructure from scratch since Saltend’s owners, American private equity firm
PX Group, will supply the power, water, reagents, and waste disposal for its operations. On
top of that, Saltend’s free-port status means that Pensana would be able to freely import rare
earth concentrates from around the world including its mine in Longonjo, and then ship out
the finished products.
Similarly, Pensana has been assembling a “jigsaw puzzle” of funding, including equity
investments from M&G, Artisan Partners, and the Angolan Sovereign Wealth Fund, as well
as eyeing a potential bond issuance in the works with financiers ABG Sundal Collier.
Pensana has also applied for British government funding through the Automotive
Transformation Fund, a £1bn funding pot which aims to supercharge the UK’s electric
vehicles industry.
https://www.investorschronicle.co.uk/news/2022/02/17/rare-earths-set-for-rare-returns-as-demand-grows/?fbclid=IwAR3GpA9zLcojPpOH48OzkNEXptQOkO8Ag-2KsZK8O9FzNrp8zhqE4gXeTro
The price of rare earths hit record levels this week in China, the world’s main producer of many of the elements integral to the manufacture of a wide range of cutting edge products, reports Caixin.
An index measuring the prices in China of 21 rare earth oxides and combination products published by the Association of China Rare Earth Industry rocketed 99% from about this time last year to reach 426.75, setting a new record. On the first day this year for which the association gives a figure, January 4, the index was around 340.
Rare earths are used for products including such as electric-vehicle batteries, phone components, and military equipment.
On Wednesday, the average spot price of neodymium-praseodymium oxide—a light variety of rare earths that’s mainly used to create magnets, such as in electric batteries—was up 135% year-on-year at RMB 1.1 million ($173,315) per ton, data from the Shanghai Metals Market (SMM) research institute shows.
https://chinaeconomicreview.com/record-high-for-chinas-rare-earth-prices/
Rare-earth prices have hit the highest point in a decade, with the Chinese rare-earth price index reaching 425.9 as of Wednesday. Although that was down 0.9 points from Tuesday, it's still at a high level, according to the China Rare Earth Industry Association.
Domestic rare earths are no longer cheap, and they're at their true value, experts said. High prices also reflect booming demand from downstream industries including new-energy vehicles (NEVs) and wind power.
Rare-earth stocks gained on Wednesday, with some large companies such as Zhejiang Innuovo Magnetics up 8.38 percent and China Minmetals Rare Earth rising 5.44 percent.
Industry analysts predicted that prices will stay elevated for some time, given tight supplies and strong demand, ignited by the economic rebound and policy stimulus after the Chinese New Year.
Prices have risen due to a supply-demand imbalance. Upstream raw materials and recycled waste are both in short supply, mainly due to factors such as environmental protection requirements and policy control of strategic resources, Yang Wenhua, an industry analyst with news portal Shanghai Metals Market, told the Global Times on Wednesday.
Output isn't expanding enough to match downstream demand, which rises year by year, Yang said.
https://www.globaltimes.cn/page/202202/1252429.shtml
The project aims to help strengthen the transition to a circular economy through tracking and traceability of critical materials.
Supply chain traceability and transparency start-up, Circularise, has announced it will partner with BEC GmbH, Grundfos, Minviro, and the global Rare Earth Industry Association (REIA) to lead a three-year EIT RawMaterials funded innovation project to build a blockchain based Circular System for Assessing Rare Earth Sustainability (CSyARES).
This will set out to help companies improve transparency and sustainability of their supply chains when it comes to critical and rare earth materials.
According to Circularise, demand for rare earth metals is ‘skyrocketing’ and by 2030 it is projected to reach 315,000 tonnes.
It says these rare-earth metals are ‘irreplaceable’ in wind turbines, electric vehicles, mobile phones, computers and the defence industry.
https://www.circularonline.co.uk/news/blockchain-based-circular-system-being-developed-to-assess-rare-earth-sustainability/