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Sandvik acquires GWS for tools portfolio 1 Equipment & Technology Mining technology 

Sandvik acquires GWS for tools portfolio

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Mine equipment manufacturer Sandvik has agreed to acquire US-based GWS Tool Intermediate Holdings (GWS), a provider of made-to-order round cutting tools to the general engineering industry, to improve its position in the advanced components sector. Stefan Wilding, chief executive officer and president of Sandvik, described the acquisition of GWS as “an important step” in its growth strategy in North America. The acquisition will be reported in Sandvik’s Walter division, an area of its Manufacturing and Machining Solutions segment. Financial details of the deal were not disclosed. The company explained that… Read More Here
Gold price drops to 2-week low as Fed opens door to faster tapering 2 Gold International 

Gold price drops to 2-week low as Fed opens door to faster tapering

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Gold erased more than two weeks’ worth of gains on Monday, pressured by a firmer dollar and expectations that the US Federal Reserve may accelerate the pace of policy tightening to combat inflation. Spot gold was down 1.6% to $1,816.91/oz by noon ET, after falling to its lowest since Nov. 5 at $1,812.09/oz earlier in the session. US gold futures declined 1.8% to $1,818.10/oz in New York. Bullion’s latest pullback comes after comments from Fed Vice-Chair Richard Clarida last week suggested that the central bank would table the idea of tapering its… Read More Here
MP Irène Wasso pleads for the dismissal of the governor of South Kivu and the withdrawal of all Chinese companies 3 Mining in DRC Mining Companies 

MP Irène Wasso pleads for the dismissal of the governor of South Kivu and the withdrawal of all Chinese companies

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The national deputies adopted the report of the parliamentary commission dispatched to South Kivu more precisely in the territory of Mwenga in order to gather information on the illicit exploitation of minerals by foreign companies. According to Christophe Mboso, the findings of the mission will be transmitted to the government. This report revealed serious dysfunctions in the mining sector in the DRC. To quote only the case of Mwenga, several Chinese companies exploit gold without titles or qualities. There are, for example, companies which only hold exploration permits but which actually operate the… Read More Here
Jacques Djoli proposes the limitation of artisanal exploitation and the revision of the mining code to promote industrial exploitation-DRC 4 Artisanal mining Mining in DRC 

Jacques Djoli proposes the limitation of artisanal exploitation and the revision of the mining code to promote industrial exploitation-DRC

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In his intervention during the examination of the report of the parliamentary commission dispatched to South Kivu more precisely in the territory of Mwenga in order to collect information on the illicit exploitation of minerals by foreign companies, the national deputy Jacques Djoli suggests the limitation of artisanal exploitation for the benefit of the industrial exploitation of minerals in the east of the Democratic Republic of Congo. He specified that the insecurity but also the fights between groups have only one objective the concern of wanting to control the mining… Read More Here
DRC: Juvenal Munubo requested a fact-finding mission on the social impact of mining in Walikale 5 Mining in DRC 

DRC: Juvenal Munubo requested a fact-finding mission on the social impact of mining in Walikale

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The national deputy Juvénal Munubo Mubi presented Friday to the office of the National Assembly the official request for a fact-finding mission on the social impact of mining in the territory of Walikale, the largest territory of the province of North Kivu, with 39.46% of its area. The mission will have to take stock of the situation and make recommendations to the government.  A report by the United Nations Joint Office for Human Rights (UNJHRO) in July stressed that the weakness of the authority of the Congolese state in this territory… Read More Here
DRC: Félix Tshisekedi makes 8 recommendations to Mines Minister, to increase contribution of the sector to the State Budget 6 Mining in DRC 

DRC: Félix Tshisekedi makes 8 recommendations to Mines Minister, to increase contribution of the sector to the State Budget

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The President of the Republic Félix Tshisekedi insisted on the imperative to proceed with the rationalization of the management of the mining sector, in his communication during the 29th meeting of the Council of Ministers held on Friday, November 19.  For Félix Tshisekedi, said rationalization will make it possible to increase the contribution of the mining sector to the State Budget and to benefit, as a priority, “the people first” from the mineral wealth of the DRC. This by effectively fighting against mining fraud and putting an end to a kind… Read More Here
Barrick retains sustainability index spot for fourteenth year 7 Mining Companies International 

Barrick retains sustainability index spot for fourteenth year

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Barrick Gold has been listed in the Dow Jones Sustainability Index’s (DJSI’s) World Index for the fourteenth consecutive year, ranking in the ninty-fifth percentile for mining and metals. It also demonstrated an industry leading performance by scoring full marks, or 100th percentile, in the categories of environmental reporting, social reporting, materiality and water risk management. The gold miner ranked within the top 5% for environmental policy and management systems, biodiversity, mineral waste management, closure and social impact on communities, while substantially improving its scores in occupational health and safety, human… Read More Here
Metso Outotec signs equipment deal with Ferrexpo 8 International Mining technology 

Metso Outotec signs equipment deal with Ferrexpo

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Metso Outotec has signed an agreement to deliver essential equipment to expand an existing production line at the Ferrexpo Poltava Mining iron ore grate-kiln pellet plant in Horishni Plavni, Ukraine. The company said the order includes major modifications to the travelling grate, rotary kiln and annual cooler. It will increase the kiln’s production line to over six million tons of iron ore pellets per year, according to Metso Outotec. The equipment order will cost approximately €18 million ($20.43 million). Chris Urban, vice president, heat transfer products at Metso Outotec, said… Read More Here
Epiroc earns validation for 2030 carbon-cutting goals 9 Mining technology Equipment & Technology 

Epiroc earns validation for 2030 carbon-cutting goals

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Epiroc, a manufacturer of technology for mining and infrastructure industries, has received validation by the Science Based Targets initiative (SBTi) for its carbon emissions-cutting strategy to reach net-zero emissions by 2030. The company’s chief executive officer, Helena Hedblom, said it is “driving the industry’s transition toward a climate-friendly future” and credited its battery-electric equipment for its progress. “Epiroc is committed to halving CO2 emissions from the use of our equipment as well as in our own production and in transport by 2030,” Hedblom said. “With the approval of our goals… Read More Here
Kabanga says Tanzania mine may answer Elon Musk’s nickel plea 10 Battery Metals Lithium Nickel 

Kabanga says Tanzania mine may answer Elon Musk’s nickel plea

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Kabanga Nickel Ltd. is seeking to raise $1.3 billion for a massive mining project in Tanzania that the company says could help ease electric-vehicle manufacturers’ insatiable demand for nickel. “We are accelerating this kind of discussions as quickly as possible,” Chief Executive Officer Chris Showalter, a former investment banker, said in an interview. “Because of the quality of the project, we have developed a substantial interest.” Kabanga is trying to secure funding for a $950 million mine and $350 million refineries that would be developed simultaneously in the northwest part… Read More Here

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