The MiningWrap BriefNo. 37
Global gold ETF holdings hit a record 4,189 tonnes in August
The week in African mining — 27 August 2026.
1MarketsGlobal gold ETF holdings hit a record 4,189 tonnes in AugustGlobal gold-backed ETF holdings reached a record 4,189 tonnes in August 2026, with $18bn of inflows for the month, World Gold Council data showed.
2ExplorationCaledonia declares maiden 379,000oz Motapa resource and lifts Blanket estimate 22%Caledonia Mining published a maiden measured and indicated resource of 379,000oz at Motapa and raised Blanket's underground M&I resource by 22% to 2.18Moz.
3Energy & InfrastructureUS-backed Lobito deal between DRC and Angola targets week-long copper transitThe DRC and Angola have signed a new US-backed agreement on the Lobito Corridor, aiming to cut copper and cobalt transit times from roughly 30 days to a week or less as Washington competes with Chinese-backed routes.
4Safety & ESGSilicosis claims to Tshiamiso Trust jump 64% as deadline nearsThe Tshiamiso Trust says claim lodgements rose 64% in 2025/2026, taking cumulative payouts to R2.53bn, even as its chairperson warns current funding will not sustain operations for the trust's full 12-year life.
5PGMNortham sets Vision 2031 target of 1.5Moz PGM sales, banks on AI demandNortham Platinum set a Vision 2031 target of more than 1.5 million ounces of annual PGM sales, with chief executive Paul Dunne citing new industrial demand from artificial intelligence and robotics.
Where prices closed
Gold $4,609.70/oz · Platinum $1,845.30/oz · Copper $14,522/t