Modern Mining January 2025

MINING NEWS

SAIMM to host 2 nd hydrogen and fuel cells conference On 7–8 April 2025, the Southern African Institute of Mining and Metallurgy

Anglo American plc shareholding reduces to 66.7% Anglo American South Africa (AASA), a wholly-owned subsidiary of Anglo American plc, has disposed of around 6.6% beneficial interest in the securities of the company, through a second accelerated bookbuild. Following the disposal AASA now holds 66.7% of the issued ordinary shares in the company. The disposal follows AASA’s placement of some 5.3% beneficial interest in the securities of the company in September 2024, following which AASA held 73.3% of the issued ordinary shares in the company. n Alphamin Resources wins 2024 Sunday Times Top 100 Company Award TSX Venture Exchange listed Alphamin Resources has claimed top spot at the annual Sunday Times Top 100 Companies Awards that were held in Parktown, Johannesburg, recently. Grindrod and Pan African Resources placed second and third respectively. The Sunday Times Top 100 Companies Awards is futured by BCX and powered by Deloitte. To qualify for the Sunday Times Top 100 Companies Awards , JSE-listed businesses are required to hold a minimum market capitalisation of R5 billion as of 31 August 2024, with winners determined by the highest returns for their shareholders over a five-year period, based on a theoretical initial investment of R10 000. Alphamin Resource Corp’s 5-year compound annual growth rate (CAGR) of 39.6% for the period from 1 September 2019 to 31 August 2024, means that R10 000 invested in 2019 would have delivered R53 976 in 2024. Grindrod realised an annual CAGR of 33.2% to deliver R41,879, while Pan African Resources returned R35 721 with a CAGR of 29% over the same 5-year period. n

storage to its application in fuel cells. Attendees will have the opportunity to engage in discussions on both the innovations driving renewable energy and the practical challenges that need to be addressed to realise hydrogen’s full potential. The conference will offer a strong focus on practical applications, presenting successful hydrogen initiatives from across the globe, with sessions dedicated to sharing case studies and experiences from industries already implementing hydrogen technologies. n

(SAIMM) will host the 2 nd Hydrogen and Fuel Cells Conference at the Southern Sun, Rosebank. The event will explore the role of green hydrogen technologies in advancing industrialisation in Southern Africa, while addressing the broader global energy transition. Under the theme “Pathway to Industrialisation”, the conference will bring together industry leaders and researchers to discuss hydrogen’s potential across its entire lifecycle – from production and

SAIMM set to host 2 nd hydrogen and fuel cells conference in April.

Akobo Minerals and Ethiopian Prime Minister inaugurate the Segele Mine

dedication, collaboration, and innovation.” Akobo Minerals has invested extensively in its exploration and mining operations and community development initiatives, including local job creation, supporting local education, improving healthcare, and enhancing infrastructure, to ensure the project’s long-term success and positive

Akobo Minerals, a Scandinavian-based Ethiopian gold exploration and mining company, in collaboration with the Ethiopian government, Prime Minister Abiy Ahmed, officially inaugurated the Segele mine. Adding to the excitement of the day was the gold pour, a symbolic act overseen by Prime Minister Abiy. The gold pour yielded an impressive 6.5 kilograms, a shining example of the mine’s high-grade ore and production capabilities. “The Segele mine is a testament to Ethiopia’s vast potential in the mining sector and the importance of international partnerships to realize this potential,” said Prime Minister Abiy. “We are proud to see this project reach a significant milestone, benefiting not only the national economy but also the communities around it.” Akobo Minerals CEO Jørgen Evjen commented: “The inauguration of the Segele mine is a defining moment for Akobo Minerals. This project is the result of years of

impact on the surrounding area. Caption: Akobo: Akobo Minerals inaugurates the Segele Mine. n

Akobo Minerals inaugurates the Segele Mine.

4  MODERN MINING  www.modernminingmagazine.co.za | JANUARY 2025