Home Blog Page 246

MMCZ-ZSM Gemstone Cutting and Polishing Training Centre Officially Opened

Mining
-
0
MMCZ-ZSM Gemstone Cutting and Polishing Training Centre Officially Opened

The Deputy Minister of Mines and Mining Development, Engineer Polite Kambamura, unveiled the Minerals Marketing Corporation of Zimbabwe (MMCZ) – Zimbabwe School of Mines (ZSM) Gemstone Cutting and Polishing Training Centre on Thursday last week.

Aligned with the National Development Strategy 1 (NDS1) for 2021-2025, aimed at promoting value addition and beneficiation, MMCZ collaborated with ZSM to establish a gemstone cutting and polishing centre offering a training program tailored to empower miners in the gemstone sector.

This initiative employs a multi-faceted approach, including:

1. Encouraging Formalization of the gemstone sector: Equipping miners with knowledge and education on the gemstone regulatory framework and avenues for selling gemstones through official channels, thereby reducing mineral leakages.

2. Boosting Gemstone Production: Providing miners with the necessary knowledge and skills to enhance their gemstone output.

3. Maximizing Recovery Rates: Training focusing on improved techniques to minimize gemstone loss during extraction and processing.

4. Greater control over the value chain: Allowing miners to be more engaged in the gemstone processing process, granting them increased control over their earnings.

5. Creating new income opportunities: The capacity to produce finished gemstones can unlock fresh markets and income streams for our miners and the nation as a whole.

Speaking at the unveiling of the centre, Deputy Minister of Mines and Mining Development Engineer Polite Kambamura commended MMCZ and ZSM for their strategic roles in both the mining sector and national economic development.

He stressed the importance of the mining sector’s growth in cultivating skilled human capital, underscoring ZSM’s pivotal role in this endeavour.

Engineer Kambamura also emphasized the significance of innovation in industrialization, aligning with the 2024 ZITF theme, “Innovation as a Catalyst for Industrialization in Trade.” He urged ZSM to embrace innovation and modern technological trends, aligning its curriculum with global standards to prepare students for the fifth industrial revolution in mining.

“With the growth in the mining sector, ladies and gentlemen, we anticipate exponential growth in human capital with the right skills. The role of the Zimbabwe School of Mines cannot be overemphasized. We applaud MMCZ for partnering with the school to achieve the national goal of mining school development in the mining industry. Most importantly, the objective of empowering youth and women to set up their own value-addition centres across the country. This ceremony is taking place on the margins of the 2024 ZITF theme, Innovation as a Catalyst for Industrialization in Trade. It is a fact that the world has moved into a fourth industrial revolution, characterized by innovation and high-end industrial advancements. Zimbabwe is no exception, as the country has already adopted a new education curriculum, Education 5.0, inclined towards modern technological trends. In that regard, the school is encouraged to promote innovation and benchmark itself with local and international universities in mining to tap the expertise and knowledge required in the fifth industrial revolution for the mining industry,” Eng Kambamura said.

Speaking at the same event, MMCZ Board Chairperson Mr Jemister Chininga emphasized the alignment of this initiative with the national agenda, striving for Zimbabwe to attain upper middle-income status by 2030.

Recognizing ZSM’s integral role in nurturing mining professionals and MMCZ’s commitment to Corporate Social Investment, Mr Chininga highlighted the collaboration’s goal to address gaps in the local gemstone mining value chain. This move is in accordance with the National Development Strategy 1 (NDS1), emphasizing value addition and beneficiation.

The donated equipment, including Trim Saws, Faceting Units, Calibrating Machines, Dual Grinders, Wet Belt Sanders, Cabochon machines, and a Beads drilling machine, aims to empower trained miners to establish their own gemstone cutting and polishing factories, aligning with the government’s focus on value addition and beneficiation.

“As you might be aware, ZSM, a longstanding partner of MMCZ’s Corporate Social Investment program, has nurtured generations of mining professionals for the regional and global markets. However, as MMCZ, we identified a gap in the local gemstone mining value chain, wherein our local artisanal gemstone miners were losing out due to a lack of capacity to efficiently mine and value-add their products. Because of this and in line with the National Development Strategy 1 (NDS1) for 2021-2025 to promote value addition and beneficiation, MMCZ partnered with ZSM to set up a gemology centre which offers a training program designed to empower miners in the gemstone sector.

“Today, we are witnessing fruits born from this partnership. The collaboration being celebrated today aligns perfectly with the country’s economic blueprint, the NDS1 – a roadmap to achieving Vision 2030, which seeks to create a middle-class economy. The first phase involved the procurement and installation of state-of-the-art cutting, grinding, and polishing machines which include; Trim Saws, Faceting Units, Calibrating Machines, Dual Grinders, Wet Belt Sanders, Cabochon machines, and a Beads drilling machine. It is hoped that before the end of the year, the second phase of the project will have been completed, enabling ZSM to enrol and capacitate more miner students. The ultimate goal is to capacitate the trained miners to set up their own gemstone cutting and polishing factories, striving towards achieving the government’s focus on gemstone value addition and beneficiation,” he said.

Mining Accounts for 18% Projected Investment Value in Q1 2024

Mining
-
0
Mining Accounts for 18% Projected Investment Value in Q1 2024

The mining sector accounted for 18% of the projected investment value based on the number of licenses issued, as stated by Zimbabwe Investment Development Agency (ZIDA) CEO Tafadzwa Chinamo.

By Rudairo Mapuranga

Chinamo noted that the services sector had the highest projected investment, accounting for 25%, while the construction industry followed at 23%, with mining ranking third at 18%.

A total of 143 licenses were issued during the quarter, with a total projected investment value of US$622.18 million.

The services sector had the highest projected investment value at US$155.78 million, while manufacturing had the highest number of licenses issued but with a projected investment of US$47.41 million.

“We were also encouraged by the spread of sectors investors showed interest in. The quarter was notable in that the services sector had the highest projected investment value, accounting for 25% of all investments. At 23%, the construction sector was second, with the mining sector third at 18%. Investors from China accounted for 77% of all investment licenses approved during the quarter,” said Chinamo.

“Our work in the coming quarters will be guided by our 2024 Strategic Plan which, among other targets, emphasizes value addition, streamlining, and automating investor-related processes and investor compliance laws and regulations,” Chinamo emphasized.

Investors of Chinese origin numbered 92, with a projected investment of US$286.16 million, while Switzerland had 1 investor licensed with a projected investment value of US$130 million. Four investors from Zimbabwe were licensed with a projected investment of US$74.96 million, while three investors originally from the USA were licensed with a projected investment of US$34.34 million. Five investors from South Africa were licensed with a projected investment of US$22.71 million, while 2 investors from Mauritius were licensed with a projected investment of US$14.75 million. Two investors of Russian origin were licensed with a projected investment of US$12.80 million.

Implats is considering reducing its workforce by 3,900

Mining
-
0
Implats is considering reducing its workforce by 3,900

ZIMPLATS‘ parent company, Implats is considering reducing its workforce by 3,900 to streamline operations and reduce costs.

Patricia Rwafa

As announced last week, Impala Platinum, a leading South African mining company and the world’s second-largest platinum producer announced plans for significant restructuring on Friday. This restructuring could impact up to 9% of their employees across various locations, including mines and corporate offices. The goal is to streamline operations and reduce costs, with a targeted 30% decrease in head office expenses, affecting approximately 3,900 positions.

According to Chief Executive Nico Muller,

“Platinum Group metal pricing has declined sharply since the start of 2023, which, together with persistent inflation pressures on input costs, has resulted in significant pressure on profitability and cash flow across the entire PGM sector, including our operations.

Global macroeconomic uncertainty and rising geopolitical tensions have further added to downside risks to industry sustainability. As a result of these pressures, the Group has assessed and revised its business planning parameters and completed various measures to optimize operational efficiencies and resources.

“Cost-saving, capital-deferment, and voluntary labour reduction initiatives to date have not sufficiently offset the impact of persistently lower prices. This has significantly undermined Implats’ financial position, which in turn threatens the future job security of the entire workforce.

It must be emphasized that Implats is committed to a fair and transparent environment, and no final decision will be taken prior to full and proper consultation with affected employees and their representatives, in compliance with the LRA. During the consultation process, all viable alternatives to job losses will be considered.”

The objective of Implats’ operational and expenditure response to prevailing PGM price weakness is to ensure each of its business units contributes sustainably and profitably through the fluctuations of PGM cycles, to ensure the long-term viability of the business and its significant commitments to its key stakeholders.

“Implats is facing a double whammy: plunging prices for platinum and other valuable metals they mine (PGMs), combined with rising costs across the board. This financial strain is threatening their profits and cash reserves.

Platinum prices have plummeted over the past 12 months, with futures down 17%. In early 2021, platinum futures peaked close to $1,300, compared with the current price of around $923.

The proposed streamlining follows a string of similar actions by South African peer Sibanye-Stillwater.

Arcadia Lithium Mine Moves to Produce Battery-Grade Lithium

Mining
-
0
Arcadia Lithium Mine Moves to Produce Battery-Grade Lithium

Feasibility studies for a lithium sulfate plant are currently underway at Arcadia Lithium Mine, owned by Huayou Cobalt’s Prospect Lithium Zimbabwe (PLZ), the country’s largest lithium spodumene producer.

PLZ General Manager Henry Zhu stated that the Arcadia Lithium Mine in Goromonzi is being evaluated for this purpose.

Despite a downturn in investment due to declining prices, PLZ, boasting Africa’s largest hard rock lithium processing plant, aims to adhere to local processing regulations by establishing the lithium sulfate facility. The government’s directive to lithium producers to add value to their output aligns with PLZ’s plans.

Zhu highlighted that the feasibility studies aim not only to boost Arcadia’s lithium production but also to contribute to the nation’s economy. He expressed enthusiasm about the potential of the proposed plant, emphasizing its positive impact on both production capabilities and economic growth.

“I am excited to announce that we are currently doing feasibility studies for a state-of-the-art lithium sulfate plant. This plant will not only enhance our production capabilities but also contribute to the overall well-being of our country and economy,” Zhu said.

Celebrating two years of operation, Zhu acknowledged the challenges faced by the company but emphasized its resilience and adaptability in overcoming them.

In 2022, Zimbabwe prohibited the export of lithium ore, prompting miners to focus on setting up processing facilities. Finance Minister Mthuli Ncube set a deadline until March for miners to submit plans for further value addition to produce battery-grade lithium.

A compliance report from the Competition and Tariff Commission noted that Prospect had initiated the scoping study phase, scheduled for completion in the first half of 2024, meeting the prescribed timeline for establishing a sulfate plant, a condition tied to the Huayou takeover.

BREAKING: Chitando re-assigned to the position of Minister of Mines

Mining
-
0
BREAKING: Chitando re-assigned to the position of Minister of Mines

Winston Chitando has been reassigned to the position of Minister of Mines and Mining Development.

Chitando replaces Minister Zhemu Soda as announced by Chief Secretary to the President and Cabinet Dr Martin Rushwaya.

Chitando’s experience in the Mining Industry

Winston Chitando served as the Executive Chairman of Mimosa Holdings from April 1, 2013, till his appointment to the position of Minister of Mines. He served as Managing Director of Mimosa Mining Company since October 1, 2007, and Executive Chairman since April 1, 2013.

He joined Hwange Colliery Company in 1985. In 1984, he joined Anglo American Corporation as a graduate trainee based at Hwange Colliery Company, where he rose to the position of Chief Accountant. For a total of 11 years, he worked for the Anglo-American Corporation group. During this period he rose through the ranks to hold various positions and directorships in a number of industrial and mining companies which were part of the Anglo-American group.

He served as Divisional Commercial Manager in the Mining and Industrial Division at Zimasco since 1997. From 1998 to September 2007, he was an Executive Director with responsibility for Finance for both Zimasco (Pvt) Ltd and Mimosa Mining Company. Chitando at various periods also held Executive responsibility in Zimasco for Sales and North Dyke Mining during this time. He served as Commercial Director of Zimasco until September 30, 2007.

Chitando also served as Vice President of the Chamber of Mines of Zimbabwe from 2008 to 2011 and its President from 2011 to 2013. He has been Chairman of Hwange Colliery Company Limited since May 19, 2016. He served as an Executive Director of Mimosa since 2002.

He also served as Chairman of the Platinum Producers Association.

He completed a Bachelor of Accountancy from the University of Zimbabwe in November 1984.

Chitando is also a fabulous marketer as evidenced by his interaction with investors at key investment platforms like Mining Indaba.

The seasoned Minister is a Legislator for Gutu Central Constituency and a seasoned mining expert with over two decades of experience in the industry.

Hon. Soda has been reassigned to the Ministry of National Housing and Social Amenities, while Hon. Daniel Garwe will take over as Minister of Local Governance and Public Works, succeeding Minister Chitando.

These redeployments were conducted in accordance with subsection 1 of section 104 of the Constitution of Zimbabwe.

Zimbabwe gold buying prices/ gram 24 April 2024

Mining
-
0
Zimbabwe gold buying prices/ gram 24 April 2024

Fidelity Gold Refinery (FGR) official gold buying prices/ gram. See the Zimbabwe gold buying prices/ gram today 24 April 2024.

SG 90% AND ABOVE US$70.74/g
SG ABOVE 85% BUT BELOW 90% US$69.99g
SG ABOVE 80% BUT BELOW 85% US$69.24/g
SG ABOVE 75% BUT BELOW 80% US$68.49/g
SAMPLE BELOW 10g BUT ABOVE 5g US$67.37/g

Fire Assay CASH $71.11/g

NB: Fire Assay cash price is for gold above 100gs, no sample is deducted.
For the Fire Assay Transfer price, a sample of not more than 10g is deducted
A 2% royalty is charged on all deposits (Small-scale miners)
A 5% royalty is set for Primary Producers

Cash available. Fidelity Gold Refinery prices will be changing daily to match world market prices.

Drug decriminalisation aimed at reducing accidents in ASM

Mining
-
0
Drug decriminalisation aimed at reducing accidents in ASM

It is important to shift the approach to drug use from a criminalized behaviour to a public health strategy to mitigate drug-related accidents in the mining sector, stated Wilson Box, Director of the Zimbabwe Civil Liberties and Drug Network.

Speaking at a drug awareness workshop held at Cresta Jameson Hotel, Box emphasized the necessity of providing treatment options for drug users rather than resorting to criminalization.

He explained that decriminalization of drugs in the mining sector would ensure that drug users receive treatment instead of facing criminal prosecution, which often leads to issues such as bribery and the emergence of hardened criminals after imprisonment.

“Decriminalization involves transitioning drug use from a criminal offence to a public health approach, focusing on supporting individuals who use drugs rather than targeting those who sell or distribute them,” Box elaborated. “Currently, there are limited dedicated centres for treating drug users. With decriminalization, we envision the establishment of numerous treatment centres where individuals can seek assistance for drug use challenges.”

Box highlighted the potential benefits for artisanal miners, who frequently encounter drug-related accidents due to overdosing or impairment while working underground. “Through decriminalization, artisanal miners can access treatment services, reducing the prevalence of drug use and consequently decreasing the likelihood of accidents,” he emphasized.

By deploying qualified personnel to oversee treatment programs, decriminalization aims to address drug use as a health issue rather than a criminal offence, ultimately contributing to a safer working environment in the artisanal and small-scale mining sector.

Unki production increases by 2%

Mining
-
0
Unki production increases by 2%

Unki Mines, the country’s third-largest platinum group metals (PGM) producer owned by Anglo American Platinum, experienced a 2 per cent increase in production during the quarter ended March 31, 2024, compared to the previous quarter ending December 31, 2023.

During the quarter ended December 31, 2023, Unki produced 61,800 ounces. This production figure, however, remained stable at 62,800 ounces during the first quarter of 2024 compared to the same quarter in 2023.

Platinum production at Unki increased by approximately 1 per cent to 28,600 ounces in the first quarter of 2024, up from 28,400 ounces produced during the same quarter the previous year, showing a similar 1 per cent increase from the previous quarter ending December 31, 2023, with 28,300 ounces.

Palladium production at Unki Mine also saw a significant increase of approximately 4 per cent to 24,300 ounces during the first quarter of 2024 compared to the previous quarter (Q4 2023) with 23,400 ounces, marking a 1 per cent increase compared with the same quarter of 2023, with 24,100 ounces.

Rhodium production at Unki increased by approximately 4 per cent to 2,800 ounces from both the previous quarter and the same quarter of 2023, where it stood at 2,700 ounces.

However, other PGM production at Unki experienced a decrease of approximately 3 per cent during the first quarter of 2024 to 7,100 ounces from 7,300 ounces produced during the same quarter the previous year. There was also a decrease of approximately 4 per cent compared to the previous quarter (Q4 2023), with 7,400 ounces.

Despite these fluctuations, Unki Mine continues to play a significant role in the country’s PGM production, with promising prospects for further growth and development in the sector.

Dallaglio, Himoinsa sign a 50MW gas to power MoU with Invictus Energy

Mining
-
0
Dallaglio, Himoinsa sign a 50MW gas to power MoU with Invictus Energy

In an endeavour to secure a reliable power supply at Eureka Gold Mine, Victoria Stock Exchange-listed Padenga Holdings’ Dallaglio Investments Pvt Ltd and Himoinsa Southern Africa Proprietary Limited have executed a Memorandum of Understanding (MoU) with Geo Associates (Private) Limited, owned by Australia Stock Exchange-listed oil and gas exploration company, Invictus Energy Limited, for a proposed gas-to-power project.

The proposed power generation plant and equipment will be provided by Himoinsa, with a notional capacity of 12MW and the ability to increase the plant capacity size up to 50MW.

According to Dallaglio CEO James Beare, the MoU will ensure that Eureka Gold Mine production will be on a growth trajectory due to the availability of reliable and affordable energy.

He said the mine’s substitution of coal and diesel-fired power for natural gas supports its goal as a long-term sustainable gold producer and will significantly reduce its emissions profile.

“Power is a critical input for our mining operations in Zimbabwe, and securing reliable and affordable energy is crucial to support our plans to expand production at Eureka.

“Substituting coal and diesel-fired power for natural gas supports our goal as a long-term sustainable gold producer and will significantly reduce our emissions profile.

“We look forward to working with Invictus and Himoinsa to realize this mutually beneficial project for the resources sector in the country,” Beare said.

Invictus CEO Scott McMillan said the MOU provides flexibility to grow the pilot project incrementally through modular expansion as the resource base grows and additional power off-takers are signed up.

“Signing this MOU is a major step forward in our early commercialization strategy and demonstrates the immediate monetization opportunities available to Invictus as we look to progress the Cabora Bassa project following our significant gas discovery at Mukuyu.

“We are pleased to be partnering with one of the largest gold producers in the country in Dallaglio and one of the leading power generation solutions companies in Himoinsa for our planned pilot project.

“Eureka’s close proximity to Mukuyu and available infrastructure make this an ideal pilot project and provide us with line of sight to early first production, revenue generation, and proof of concept for future full-field developments and large-scale gas-to-power projects.

“The high-quality gas composition confirmed from Mukuyu-2 requires minimal surface processing of the gas stream, enabling the implementation of a near-term pilot project utilizing a low-cost production system at the well-site and existing infrastructure to deliver gas and power to end-users.

“We look forward to working closely with Himoinsa and Dallaglio to complete the feasibility study over the coming months in tandem with our high-impact field activity to progress the project into implementation,” MacMillan said.

Himoinsa Southern Africa Director Matthew Bell said his company was pleased to be working with Invictus and expanding its relationship with Dallaglio to potentially provide a cleaner, cost-effective, and reliable source of energy to the Eureka Mine by substituting its diesel power generation with natural gas.

“Himoinsa offers a wide range of generation technologies using diesel, HFO, natural gas, LPG, and lithium-ion batteries. One of the advantages of already being operational onsite at Eureka with a diesel power plant is that we can develop an alternative gas solution to complement or replace the diesel plant without any interruption to the mine’s power security.

“We look forward to working with Invictus and Dallaglio on this pilot, which can be used as a project reference for other mines in Zimbabwe, Africa, and globally,” Bell said.

Power generated would be supplied to Eureka or other private off-takers through the local grid or into the Southern Africa Power Pool (“SAPP”) if excess supply is available.

Following the recent confirmation of the Mukuyu gas-condensate discovery at the Cabora Bassa Project, Invictus is positioning itself to capture early monetization opportunities and accelerate timelines to first production and revenue generation.

High-quality natural gas discovered at Mukuyu-2 contains minimal impurities and allows for a simple early production system at the well-site to produce gas to be used in power generation or compressed natural gas for delivery to onsite power generation at Eureka.

This will minimize the Company’s capital and surface processing infrastructure requirements for the pilot project as well as in the future full-field developments.

The MOU provides flexibility to grow the pilot project incrementally through modular expansion as the resource base grows and additional power off-takers are signed up.

A feasibility study will be undertaken to determine the optimal delivery of power to Eureka – either well-site generation of power and wheeling, utilizing the existing grid infrastructure which is located within 5 kilometres of Mukuyu-2, or onsite generation with natural gas transported via truck between the well-site and the power plant.

Following the completion of the feasibility study, Invictus and Himoinsa intend to execute a binding Gas Sale and Purchase Agreement (GSPA), under which the Company will provide natural gas to Himoinsa, which in turn will provide power generation equipment and supply electricity to Dallaglio at Eureka, under back-to-back GSPA and Power Purchase Agreements (PPAs). Part of the feasibility study involves the Company assessing the use of Mukuyu-2, post-well testing, as a producer in the pilot project.

Expansion of the pilot can be matched to gas deliverability from the Mukuyu Gas Field through Himoinsa’s turnkey power generation systems. Himoinsa currently provides supplementary and backup diesel power generation to Eureka and Dallaglio’s other mining operations in Zimbabwe.

Gas-fired power will provide Eureka with a reliable and cleaner source of energy than the current coal-fired power and backup diesel power generation, which is used during frequent power outages experienced in the country.

The pilot will also gather longer-term production data and dynamic reservoir information to assist in optimizing the full field development planning and determining connected resource volumes and development well locations and sequencing.

Zambian claimants granted appeal in class action against Anglo American

Mining
-
0
Zambian claimants granted appeal in action against Anglo American

The Johannesburg High Court on April 19 granted permission to appeal an earlier ruling denying class action certification for 140 000 women and children in Kabwe, Zambia, who allege they have suffered the effects of lead poisoning as a result of a mine formerly owned by Anglo American in the country.

In granting permission, Justice Leonie Wendell found that an appeal against her earlier judgment had “reasonable prospects of success on at least one ground of appeal” and that there were “compelling reasons to grant the appeal, as class action law is still being developed in South Africa”, and that “there are current matters of law of public importance which directly implicate constitutional rights”.

In a 126-page judgment delivered in late December 2023, Wendell ruled that a claim against Anglo American South Africa (AASA) over widespread lead poisoning across Kabwe, Zambia, could not proceed as a class action.

The class action was filed in South Africa as it would not have been possible for the claimants to obtain access to justice in Zambia, law firm Leigh Day, which is a consultant on the matter, says.

Following the permission to appeal the December decision, the Kabwe claimants will now take their case against AASA before the Supreme Court of Appeal of South Africa later this year.

Leigh Day describes this as a “major step forward” in the longstanding lead poisoning class action claim against AASA, a wholly-owned subsidiary of London-headquartered Anglo American.

“The December judgment effectively blocked access to justice for the people of Kabwe,” it avers.

Kabwe was owned and operated by Anglo American from 1925 to 1974.

Leigh Day emphasises that the evidence submitted to the court by the claimants in support of this claim is clear.

From the early 1970s, reports by the mine doctors showed that several children had died of lead poisoning from the mine, and a high proportion of children in the local communities were suffering from massive blood lead levels, the law firm states.

Experts for the claimants also contend that the stability of lead in the environment was well known by the 1960s and that the risk of lead poisoning to future generations should have been foreseen by Anglo American if the environment was not cleaned up, the firm adds.

The claimants allege that, on economic grounds, Anglo American failed to heed advice from international experts in 1970 that the topsoil should be replaced.

However, Anglo American argues that it adhered to standards that were acceptable in the 1970s, that the risks to future generations were not foreseeable and that the company is therefore not liable to current inhabitants of Kabwe.

Amnesty International and a number of United Nations (UN) agencies intervened at the certification hearing to argue that Anglo American’s opposition to the class action was contrary to the UN Guiding Principles on Business and Human Rights, Anglo American’s own human rights policy and publicly stated human rights commitments.

The Kabwe claimants are represented by law firm Mbuyisa Moleele Attorneys with Leigh Day acting as consultants.

In a separate statement, Anglo-American says it has noted the decision.

“The High Court dismissed the certification application in December 2023 after almost a year of deliberation, clearly highlighting the claim’s multiple legal and factual flaws and deeming it not in the interest of justice for the class action to proceed,” the company states.

It adds that the grant of the right to appeal is simply a recognition by the High Court that an appeal to another Court is a viable option for the claimants to follow in the South African legal process.

Anglo-American posits that this does not undermine the High Court decision that dismissed the application in December 2023.

The company says it will oppose any appeal that may follow.

“As Anglo-American has stated throughout, it has every sympathy for the situation in Kabwe, but is not responsible for it. Anglo-American has stated from the outset that this claim is entirely misconceived,” the company posits.

Source: Mining Weekly
1...245246247...719Page 246 of 719