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Ivanhoe Mines publishes 7th Annual Sustainability Report 1 Mining in DRC Press Release 

Ivanhoe Mines publishes 7th Annual Sustainability Report

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The 2023 Sustainability Report underscores Ivanhoe’s commitment to “Mining with a greater purpose” and its pursuit to be a global leader in responsible mining JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Yesterday published its seventh annual Sustainability Report, summarizing the company’s sustainability achievements, activities, and results during 2023. Ivanhoe Mines’ sustainability strategy is shaped by our ethos of “Mining with a greater purpose”. Ivanhoe aims to provide both the critical metals needed for the energy transition, as well as be an innovator in its approach to mining. The 2023 Sustainability… Read More Here
South Africa's President Visits South Sudan to Expand Cooperation 2 International Governance 

South Africa’s President Visits South Sudan to Expand Cooperation

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South Africa’s President Cyril Ramaphosa is undertaking a working visit to South Sudan to discuss security and stability while strengthening bilateral relations. Having already established ties in fields such as petroleum exploration and production, the visit aims to promote collaboration across various segments of the economy. During a meeting with his South Sudanese counterpart President Salva Kiir Mayardit from 16-18 April, President Ramahposa is expected to receive a status update on the implementation of the Revitalized Agreement on the Resolution of Conflict in the Republic of South Sudan (R-ARCSS) –… Read More Here
Zimbabwe Grapples with Economic Uncertainty Amidst Currency Woes 3 International Economy 

Zimbabwe Grapples with Economic Uncertainty Amidst Currency Woes

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The economic landscape of Zimbabwe is clouded with uncertainty as the informal sector, a key contributor to the nation’s economy, refuses to embrace the local RTGS dollar. Compounding the issue is the delayed introduction of the new gold-backed currency, ZiG, originally slated for April 8th but now postponed until April 30th. Representing approximately 75% of national employment, Zimbabwe’s informal traders have ceased accepting the RTGS dollar due to concerns over its dwindling value, leaving the US dollar as the predominant currency in circulation. Economist Happy Zengeni voices criticism over the… Read More Here
Debswana Appoints Keene Nkoane as first female Engineering Manager 4 International Diamond Mining Personality 

Debswana Appoints Keene Nkoane as first female Engineering Manager

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Debswana,the leading rough diamonds producer continues to set the trend in diversity and progressive leadership appointments. The 50/50 De Beers – Botswana joint venture has appointed top Engineer Ms. Keene Nkoane as the first female Senior Engineering Manager inthe history of the company. She is based at Orapa Letlhakane and Damtshaa Mines (OLDM). Nkoane joined Debswana in 2003 based in Jwaneng Mine following her completion of BEng (Hons) in Electrical & Electronic from Nottingham University, United Kingdom. Born and bred in Maun, Nkoane grew up as a passionate and curious… Read More Here
Barrick Explores New Frontiers in Latin America and Asia Pacific 5 International Exploration Gold 

Barrick Explores New Frontiers in Latin America and Asia Pacific

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Barrick, a leading mining company, is forging ahead with its exploration efforts across Latin America and the Asia Pacific region, aiming to uncover new mineral deposits and sustain its operations in existing ones. With a strategic focus on early-stage exploration and new frontier opportunities, Barrick is also dedicating resources to brownfields work, ensuring the longevity of its key assets like Veladero and Pueblo Viejo. In the Dominican Republic, exploration activities around the Pueblo Viejo mine have yielded promising results. Drilling at the Pueblo Grande target has unveiled lithologies and alteration… Read More Here
Newmont Mourns Loss of Workers at Cerro Negro Mine 6 International Mine Safety Mining safety 

Newmont Mourns Loss of Workers at Cerro Negro Mine

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Newmont, a leading gold producer, announced the tragic passing of two of its workers at the Cerro Negro mine in Argentina on Tuesday. Both individuals, members of Newmont’s technical services team, lost their lives under circumstances that are currently under investigation. Newmont has initiated a comprehensive investigation into the incident, with a commitment to incorporating relevant learnings into its safety protocols. In response to the tragedy, the company has taken the precautionary measure of suspending mine activities at Cerro Negro. Read More Here
African Pioneer Provides Exploration Update on Zambia Licences 7 Mining in Zambia Exploration 

African Pioneer Provides Exploration Update on Zambia Licences

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Exploration and development firm African Pioneer has released an update on exploration activities funded by First Quantum Minerals (FQM) in Zambia. The six-month period ending December 31 saw drilling activities confirming proof of concept for Congo-style mineralization in the licensed areas. The licences, situated within the fold and thrust belt and Western Foreland, are subject to an option agreement between African Pioneer and FQM, held by African Pioneer Zambia, an 80%-owned subsidiary. FQM exercised its option over all four licences owned by African Pioneer Zambia, leading to the completion of… Read More Here
Rio Tinto Reports Dip in First-Quarter Iron Ore Shipments 8 International Iron Ore 

Rio Tinto Reports Dip in First-Quarter Iron Ore Shipments

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Rio Tinto, a diversified mining group, has announced a 5% year-on-year decline in first-quarter iron-ore shipments, totaling 78 million tonnes. Weather disruptions at ports and reduced production from certain Western Australian mines contributed to this decrease. Despite the dip, Rio Tinto maintains its full-year expectations for Pilbara iron-ore shipments in 2024, ranging from 323 million to 338 million tonnes, with a unit cash cost of $21.75/t to $23.50/t. Pilbara iron-ore production also saw a modest 2% year-on-year decline to 77.9 million tonnes. Factors contributing to the production decrease include resource… Read More Here
Political Unrest Shadows Panama's Economic Future 9 International Copper Economy 

Political Unrest Shadows Panama’s Economic Future

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Six months after Panama was rocked by violent protests, the country’s political landscape remains tense, deterring foreign investors. The demonstrations, initially led by local unions and students, led to the abrupt closure of a crucial copper mine in December, causing discomfort among politicians and candidates in the upcoming presidential election. With the mine’s closure, Panama’s economy faces significant challenges, prompting concern among creditors and investors. The country’s investment-grade ratings have been downgraded, and its bonds have underperformed in emerging markets. The closure of the Cobre Panama mine, which contributed about… Read More Here
Gold Surges Amid Escalating Tensions in Middle East 10 International Economy Gold 

Gold Surges Amid Escalating Tensions in Middle East

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Gold prices surged by up to 1.2% following Iran’s recent attack on Israel over the weekend, driving demand for safe-haven assets. The precious metal remained near a record high achieved on Friday as the conflict in the Middle East intensified. Iran launched over 300 drones and missiles against Israel on Saturday, most of which were intercepted, with no reported fatalities. As of 6:20 a.m. in Singapore, spot gold rose by 0.8% to $2,361.92 per ounce, continuing its rally that began in mid-February. Read More Here

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