Category archives for: Mining & Engineering

US$1 billion bond certificate enhances AMG’s gold status

Frank Buyanga

by NALEDI NDLOVU JOHANNESBURG, (CAJ News) – THE African Medallion Group (AMG) has introduced a US$1 billion gold-backed bond certificate, a global solution that enables people from anywhere in the world to invest in and enjoy the benefits of owning the special metal. The development is expected to solidify the start-up’s position in the gold […]

AngloGold CEO quits, joins Vedanta Resources

SRINIVASAN Venkatakrishnan

by AKANI CHAUKE JOHANNESBURG, (CAJ News) – SRINIVASAN Venkatakrishnan has resigned as Chief Executive Officer of AngloGold Ashanti to take a similar role at Vedanta Resources. He will remain in his current role until August 30. A search for the new AngloGold Ashanti CEO is underway. “The board will search globally for a candidate with the […]

Power meters to come to a standstill in 2024

Electricity pre-paid reader

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – THERE are concerns South African utilities might leave it too late until about 7 million prepaid electricity meters become obsolete by 2024 when the system that runs credit tokens run out of numbers. The Standard Transfer Specification Association (STSA) has thus embarked on an awareness programme to inform […]

DRC-focused Kore Potash lists on the JSE

JSE

by SAVIOUS KWINIKA JOHANNESBURG, (CAJ News) – KORE Potash, the Democratic Republic of Congo (DRC)-focused minerals company, has attained secondary inward listing on the Main Board of the Johannesburg Stock Exchange (JSE). On Thursday, the company listed in the “General Mining” sector, becoming the sixth international company to make use of the JSE’s fast-track listing […]

Legislative changes in Zimbabwe buoy Caledonia

CALEDONIA Mining Corporation

From NDABENI MLOTSHWA in Bulawayo, Zimbabwe BULAWAYO, (CAJ News) – BOUYED by record gold production and political changes in Zimbabwe, Canadian gold mining firm, Caledonia Mining, appears eager to raise at least $4 million and buy back a stake previously ceded to indigenous entities. The capital would also finance exploration and evaluations of additional projects […]

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