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Barrick shifting into growth gear, says CEO Mark Bristow

November 2, 2021November 2, 2021 admin

Since the merger of Barrick Gold (TSX: ABX; NYSE: GOLD) and Randgold Resources early in 2019, the new gold major appears to be completing a full circle under the leadership of Mark Bristow by increasingly prioritizing value-adding grass-roots exploration and development, he tells The Northern Miner. After kicking off a period of top-tier gold-industry consolidation, the company has been focusing on “right-sizing” the portfolio, focusing only on Tier 1 and Tier 2 assets. But getting back to value creation through the drill bit is something close to the former Randgold… Read More Here

Equipment & Technology Mining technology

Metso Outotec launches Concorde Cell flotation technology for fine and ultra-fine particle recovery

November 2, 2021November 2, 2021 admin

Metso Outotec is launching ground-breaking Concorde Cell flotation technology for efficient fine and ultra-fine particle recovery. This innovative Planet Positive technology sets a new benchmark in high-intensity pneumatic flotation, reducing plant operation costs and contributing to sustainability of operations through minimized energy and water consumption per tons of metal produced. The patented Concorde Cell technology is the first fine and ultra-fine flotation solution for more finely disseminated and complex orebodies that have previously been inaccessible. The Concorde Cell forced-air blast tubes treat 100% of fresh feed combined with tailings recycling for improved performance, allowing… Read More Here

Equipment & Technology International Mining technology

Epiroc launches diesel to electric conversion kit

November 2, 2021November 2, 2021 admin

Sweden-based mining equipment supplier Epiroc now offers its customers conversion kits designed to transition loaders from diesel-powered to battery-electric driven. The company said the new offering, which has already secured an order from a customer in Canada, will speed up the mining industry’s shift to an emissions-free future. It claimed battery conversions are already underway, with its Sccoptram ST1030 loader being the first vehicle to undergo the transition. Evolution Mining earlier this year ordered the conversion of two diesel-powered Scooptram ST1030 machines for use at its gold mine in Red… Read More Here

Mining Careers Mining in Zambia

ENGINEER, RELIABILITY SENIOR | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

October 30, 2021October 30, 2021 admin

Requisition Number: JR402| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Job Purpose To Optimize Maintenance Strategies by creating business cases based on Reliability Centered Maintenance Metrics. Key Responsibilities Works with Section Head to ensure the reliability and maintainability of new and modified installations. The Reliability Engineer is responsible for adhering to the Life Cycle Asset Management (LCAM) process throughout the entire life cycle of new assets. Propose mitigation, e.g. requirements, design changes, detection logic, maintenance, training, by which the risks may be lowered and controlled for at an acceptable level Perform predictive and… Read More Here

Mining technology International

Orica releases new blast modelling software to improve ore recovery

October 30, 2021October 30, 2021 admin

Melbourne-based Orica has released its updated OREPro blast modelling software to improve ore recovery. The OREPro 3D uses mine data – including post-blast muckpile surveys, in-situ block models, and blast designs – to model blast movements and assist miners in improving their mining efficiency. This version allows mining companies to work with 3D models to optimise ore control. The software calculates SmartVectors, which improves grade control models. It promises to improve blast outcomes, by enabling miners to understand where rock mass has been repositioned following blasts. This will cut down… Read More Here

Mining in Zambia Mining tax

Zambia announces mining tax breaks, pares deficit in 2022 budget

October 30, 2021October 30, 2021 admin

Zambia announced tax breaks for mining companies, drastically cut its budget deficit target and said it expects to conclude debt restructuring talks with creditors early next year. Mining royalties will be deductible from income taxes, Finance Minister Situmbeko Musokotwane told lawmakers Friday in his first budget speech since his party won power in August elections. He didn’t announce changes to the royalty rates. In 2019, the nation implemented the 10th change to the tax regime in 16 years. The mining industry’s lobby group had complained for years that not being… Read More Here

Mining in Zambia Mining tax

ZAMBIA’S MINING TAX OVERHAUL IMPRESSES FQM

October 30, 2021October 31, 2021 admin

The new UPND government’s plan to rationalise the mining tax regime to attract investment and boost production has been welcomed by the country’s largest taxpayer, First Quantum Minerals (FQM). The 2022 Budget – under the theme ‘Growth, Jobs and Taking Development Closer to the People’ – presented to Parliament on Friday (October 29, 2021) by Minister of Finance and National Planning Dr Situmbeko Musokotwane unveiled a key revision to the Zambia mining tax regime; namely the return to the approach followed by other global mining jurisdictions which enables companies to deduct… Read More Here

Battery Metals Lithium Mining in DRC Tin

AVZ Announces Quarterly Activates for the period ended 30 Sept 2021.

October 29, 2021October 29, 2021 admin

AVZ Minerals Limited (ASX: AVZ, “the Company”) presents its Quarterly Activities Report for the period ended 30 September 2021 and is pleased to provide the following commentary and update to shareholders.AVZ Managing Director, Mr. Nigel Ferguson said: “The cornerstone investor deal with CATH marked one of the most significant days in our Company’s short history and clearly indicated to the world how important our Manono Lithium and Tin Project is.”“AVZ is very excited to have someone of the calibre of Mr. Pei Zhenhua and Contemporary Amperex Technology Limited (“CATL”) as… Read More Here

Copper Cobalt International Mining in DRC

Glencore expects trading division to beat 2021 guidance

October 29, 2021October 29, 2021 admin

Miner and trader Glencore on Friday said it expects 2021 earnings before interest and tax (EBIT) for its trading division to top its $2.2 billion to $3.2 billion long-term guidance but stuck to its production guidance. High prices for coal and other commodities are helping miners despite lower production in some cases, while volatile prices have offered trading opportunities. Glencore reported a 9% drop in coal production for the first nine months of the year due to its Prodeco mines in Colombia being suspended and lower domestic production in South Africa. CEO Gary… Read More Here

Mining Careers Mining in Zambia

ARTISAN HER, DRILLS | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

October 29, 2021October 29, 2021 admin

Requisition Number: JR3994| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Mining Apply now Job Purpose To safely execute all maintenance repairs on all heavy equipment on site according to the prescribed standards while ensuring the safety of self and others. Responsibilities Maintains diesel equipment operation by completing inspections and preventive maintenance requirements. Examine parts for damage or excessive wear, using micrometers and gauges Keeps equipment available for use by inspecting and testing vehicles; completing preventive maintenance such as, engine tune-ups, oil changes, tire rotation and changes, wheel balancing, replacing filters. Diagnose faults or malfunctions to determine… Read More Here