Page 27 - Mining Weekly News Today

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In the next few weeks, Shallow Reefs Gold is hoping to be able to announce what it describes as a fairly significant capital raise out of North America after being very active in the capital markets. The target pipeline of the company that is intent on mining shallow deposits of South Africa’s historic Witwatersrand Gold Basin is focused on five initial projects.

South Africa is on verge of nice breakthroughs in hydrogen, says newly elected Southern African Institute of Mining and Metallurgy (SAIMM) president Isabel Geldenhuys. Speaking to Mining Weekly in a Zoom interview, Geldenhuys expressed the view that all the big mines with big moving machinery will have the opportunity to move away from diesel and switch to a hydrogen-based fuel system because of the contained ecosystem. (Also watch attached Creamer Media video.)

With the new Thungela Resources only months old, the JSE- and London-listed coal mining company has already put an initial R6-million into a trust for the benefit of the communities living around its coal mining operations. The first distribution to the Community Partnership Plan was made on June 30. Trustees have been appointed and plans are under way to appoint an administrator to ensure the trust delivers on its mandate. (Also watch attached Creamer Media video.)