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Ivanhoe Mines promotes David van Heerden as Chief Financial Officer

November 15, 2021November 15, 2021 admin

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the company has promoted David van Heerden to the position of Chief Financial Officer, effective November 12, 2021. Mr. van Heerden’s appointment allows Marna Cloete to focus solely on her role as Ivanhoe’s President. Ms. Cloete has held the dual roles of President and CFO since her appointment as President in March 2020. Mr. van Heerden has been with Ivanhoe Mines since 2011, and has held progressively senior finance roles, most recently… Read More Here

Mining in DRC

Antoinette N’SAMBA KALAMBAYI and Bronte Roules discuss investments in DRC mining sector!

November 15, 2021November 15, 2021 admin

Having understood the major concern of the Minister of Mines, Antoinette N’Samba Kalambayi to participate in the development of the country in its sector, the Ambassador of Australia, Bronte Roules came personally to feel the realities on the ground. This Friday, November 12, 2021, in the morning, the Australian diplomat was received in audience by the boss of the mines, Antoinette N’Samba Kalambayi in her office in Gombe. On the agenda of their interview, the possibility of Australian investments in the mining sector in the DRC. In addition, the two… Read More Here

Mining in DRC Oil & Gas

DRC: Didier Budimbu announces the launch of a call for tenders in January 2022 to award the oil blocks

November 15, 2021November 16, 2021 admin

A call for tenders for the allocation of oil blocks in the Democratic Republic of the Congo will be launched in January 2022, through the Ministry of Hydrocarbons. The announcement was made on Wednesday November 10, 2021 by Didier Budimbu, Minister of Hydrocarbons in the DRC, from Dubai in the United Arab Emirates where he is taking part in the 27th edition of Africa Oil Week. According to him, the Democratic Republic of Congo is full of many opportunities likely to boost the global economy and so far, the country… Read More Here

Mining Personality Mining in Zambia

First Quantum Minerals to Appoint Tristan Pascall as Next CEO

November 15, 2021November 22, 2021 admin

First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX:FM) today announced that the Board of Directors will appoint Tristan Pascall, currently the Company’s Chief Operating Officer (COO), to the role of Chief Executive Officer (CEO). The appointment will take effect at the Annual General Meeting (AGM) to be held in early May 2022, at which time Philip Pascall, the Company’s current Chairman and CEO, will retire from the CEO role and will continue to serve as Chairman of the Board. The Company will nominate Tristan Pascall for election as a… Read More Here

Mining in DRC Gold

Cyrille Mutombo: “the demolition of anarchic constructions within Kibali carried out in accordance with the standards”

November 13, 2021November 13, 2021 admin

Contrary to what some call illegal and brutal, the anarchic building demolition in the Kibali no-go zone took place in the nomes. These are the words of the Country Director of Kibali Gold Mines who was the guest, this Friday, November 5, 2021, on Top Congo FM. He thus wanted to dispel any misunderstanding and enlighten public opinion on what really took place during this whole process which dates back several years. According to Cyrille Mutombo, all the people concerned by this demolition, before being dislodged, have been informed for more… Read More Here

Battery Metals International Mining technology

Tesla To Buy 45 GWh Of LFP Batteries From CATL

November 13, 2021November 13, 2021 admin

Citing a post by 36kr, Chinese website CnEVPost says Tesla has agreed to buy 45 GWh of lithium-iron-phosphate batteries from CATL to meet its expected demand for the Model 3 and Model Y in 2022. The Model 3 and Model Y are currently available with LFP batteries in their standard range versions, with the former having a 55 kWh battery and the latter a 60 kWh battery. The purchase will be enough to power about 800,000 vehicles. The company sold 627,350 cars in the first 9 months of this year. Tesla’s Nevada battery factory will soon… Read More Here

Cobalt Governance Mining in DRC

DRC to end Glencore export of raw cobalt

November 13, 2021November 15, 2021 admin

The Deputy Prime Minister of the Democratic Republic of Congo (DRC) has told Swiss delegates at the COP26 climate conference in Glasgow that her country will no longer accept the export of its raw materials, notably cobalt, by commodities giant Glencore. “The raw materials belong to us,” said Eve Bazaiba, who is also the DRC’s environment minister, in an interview with news platform Geneva. “They will now have to be processed locally.” Bazaiba said the DRC wanted a more equal trade partnership in raw materials with Switzerland. She transmitted this message… Read More Here

Gold International

Gold pauses after six-day rally as yields regain upper hand

November 13, 2021November 13, 2021 admin

Gold slipped on Friday as some investors locked in profits from a six-session long streak of gains, and an uptick in US bond yields cooled safe-haven inflows into bullion driven by inflation worries. Spot gold fell 0.7% to $1 849.36 per ounce by 11:57 GMT, after hitting a five-month peak on Wednesday. US gold futures dropped 0.7% to $1 851.00. “Gold prices had gained due to a combination of factors. But if yields do continue to rise, the metal is probably not going to go much higher,” said Michael Hewson, chief market analyst at CMC Markets UK,… Read More Here

Mining in DRC Oil & Gas

Didier Budimbu promises to support oil companies ready to invest in this sector- DRC

November 12, 2021November 12, 2021 admin

The Minister of Hydrocarbons, Me Didier Budimbu, took part from November 10 to 11, 2021 in the 27th edition of Africa Oil Week held in Dubai in the United Arab Emirates. The day before the end of this meeting which brought together oil operators in particular, Didier Budimbu presented to Madinat Jumeirah (part of this meeting) the investment opportunities offered by the Democratic Republic of the Congo in the oil sector. . Didier Budimbu took this opportunity to announce to oil and gas investors that he is ready to support… Read More Here

Equipment & Technology International Mining technology

Newmont Mining forms net-zero partnership with Caterpillar

November 12, 2021November 12, 2021 admin

US-based gold producer Newmont Mining has collaborated with mining equipment manufacturer Caterpillar to deliver a zero-emissions mining system to improve safety and productivity in the industry. The collaboration will contribute to Newmont’s greenhouse gas (GHG) emissions reduction targets. Newmont previously pledged to reduce more than 30% of its GHG emissions by 2030 and achieve net-zero carbon operations by 2050. The partnership will enable the two firms to validate equipment, infrastructure, technologies and processes that would help transform surface and underground mining operations. As part of the strategic alliance, Newmont will initially invest… Read More Here