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West Wits Mining Limited up 31% following "milestone" mining right grant for Witwatersrand Basin project


West Wits Mining up 31% following “milestone” mining right grant for Witwatersrand Basin project
Company shares soared on the key approval, which brings West Wits a step closer to producing more than 60,000 ounces of gold per annum at its core Central Rand Goldfields asset.
West Wits has secured a right to mine at the South African Witwatersrand Basin Project.
West Wits Mining Limited (ASX:WWI) has secured a crucial approval, establishing its right to mine at the Witwatersrand Basin Gold Project in South Africa.
The country’s Department of Mineral Resources and Energy (DMRE) granted West Wits’ mining right application, with director general Adv Thabo Mokoena confirming the key approval. ....

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S&P/ASX 200 slips as investors fear a COVID-19 resurgence


S&P/ASX 200 slips as investors fear a COVID-19 resurgence
Brent crude gained 0.6% to US$69.00 a barrel on Tuesday after slumping around 7% in the previous session.
Dow Jones index in the US tumbled 700 points on Monday for its worst drop since October.
S&P/ASX 200 (INDEXASX:XJO) has slipped for a second day, with the index easing by 0.12% to 7,277 points by about 1.15 pm.
This follows a significant 1.6% tumble for the S&P500 overnight on Wall Street as the spread of the COVID-19 Delta strain and lockdown uncertainty continues to keep markets on edge.
Oil price tumbles
Locally, energy stocks were the hardest hit following ~7.5% in oil prices overnight as COVID-19 infections surged and OPEC+ agreed to gradually ramp up oil production through to September 2022. ....

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