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Asante Gold traces plan to fast-track Bibiani to production

September 10, 2021September 10, 2021 admin

Canada’s Asante Gold (TSX-V: ASE), a pure gold exploration and development company, has outlined plans to fast-track its newly added, past-producing Bibiani gold mine in Ghana into production. The Vancouver-based company, which completed the acquisition of Bibiani from Australia’s Resolute Mining (ASX, LON: RSG) mid-August, said local company Harlequin International had already kicked off the revamp of the three million tonne per year processing plant. The mill refurbishment is expected to employ up to 300 people and be finished in June 2022, Asante said. BIBIANI’S MILL REFURBISHMENT IS EXPECTED TO EMPLOY UP TO 300 PEOPLE AND BE FINISHED IN JUNE 2022 The junior noted it was also working on design and planning initiatives for other… Read More Here

Diamond International

Lucara board approves $514m Karowe mine expansion

September 10, 2021September 10, 2021 admin

Canada’s Lucara Diamond (TSX: LUC) has announced its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based miner said the approval follows the financial closure and satisfaction of all conditions precedent to a $220-million debt package, announced in July. Lucara said the first $170 million would be available in mid-September, adding that total costs will be largely covered via a combination of loans, cash resources and equity financing. MOVING KAROWE UNDERGROUND WILL ALLOW LUCARA TO EXPLOIT THE HIGHEST VALUE PART OF THE OREBODY AND EXTEND THE MINE’S LIFE FOR 20 YEARS — UNTIL 2040 Moving Karowe underground, a plan announced… Read More Here

Gold International

Gold back below $1,800!

September 10, 2021September 10, 2021 admin

Easy come, easy go. The yellow metal rallied on Friday just to plunge on Tuesday. What’s your next move, Mr. Gold? Ugh, the recent rally in gold prices was really short-lived. As the chart below shows, the price of gold increased after the publication of disappointing nonfarm payrolls on Friday. However, it declined as soon as on Tuesday, and on Wednesday it slid below $1800. I have to admit that I expected a more bullish performance. To be clear: I was far from opening champagne. For instance, I pointed out that the tapering of quantitative easing remained on the… Read More Here

Equipment & Technology International Mining Supply Tenders Mining technology

Epiroc wins China $23M mining equipment order

September 10, 2021September 10, 2021 admin

Sweden’s Epiroc has won an order for mining equipment and service from Dazhong Mining in China worth SK200 million (US$23 million). Epiroc said the machines, which include Boomer face drilling rigs, Simba production drilling rigs, and Boltec and Cabletec rock reinforcement rigs, will be used to expand two of the company’s underground iron ore mines. “Dazhong Mining has ordered a variety of rigs for face drilling, production and rock reinforcement for use at the Zhouyoufang and Zhongxinji mines in the Anhui Province.” The order is valued at about MSEK 200 and… Read More Here

Mining Careers Mining in Zambia

ROTABLES OFFICER | MINING CAREER AT FQM, KALUMBILA, SOLWEZI, ZAMBIA

September 9, 2021September 12, 2021 admin

Requisition Number: JR3677| Country: Zambia | Contract Type: On-going| Location: Solwezi | Category: Procurement and Logistics Apply now Overall Job Purpose: To monitor and process, plan, prioritize, assign, supervise all incoming and outgoing Rotable related procurement. This includes purchasing, dispatching and sourcing. Requiring technical and specialized procurement of supplies, equipment and services. Specific Job Responsibilities: To perform all weekly re-order for Rotables and confirm with end users on what needs to be ordered as new to increase rotable pool. To perform all quoting, failure analysis reports and stripping functions for Rotables. In charge of getting reviews and approval… Read More Here

Mining in DRC Governance Mining Companies

The National Assembly sends a delegation of deputies to gather information on illegal explorations in South Kivu- DRC

September 9, 2021September 9, 2021 admin

Following the revelations on the illicit exploitation of minerals by Chinese companies in the territory of Mwenga (South Kivu), the office of the National Assembly dispatched a delegation of 8 national deputies led by Jean-Claude Kibala to collect informations. The mission is made up of elected officials from South Kivu and members of the environment, tourism, natural resources and sustainable development committee. It will not only collect information on the illegal exploitation of natural resources, but also on the destruction of the environment. “We want to go and see how… Read More Here

Equipment & Technology International Mining Equipment

MEDATech launches software to optimise electric vehicles

September 9, 2021September 9, 2021 admin

Canada-based custom mobile heavy equipment provider MEDATech has introduced its Electric Vehicle Fleet Optimization Software (EV-FOS) in time for MINExpo 2021, which will take place in Las Vegas, US next week. MEDATech described its new product as “the Deswik of underground fleet EV electrification” that will help mining companies with the climate of growing pressure to reduce CO2 emissions. The software has been in development for four years in collaboration with the Bauman Lab for Electrified Powertrain Research at McMaster University in Ontario. The software, which is built in MATLAB, approaches… Read More Here

Mining technology International

How IoT Technology is Transforming the Mining Industry

September 9, 2021September 9, 2021 admin

We take a look at some of the challenges faced by mining organisations on a day-to-day basis, and mining technology can help leaders overcome complications In the digital period, technology is thoroughly changing how organisations operate. Asset-intensive enterprises like utilities, oil and gas, energy, manufacturing and construction are progressively deploying IoT solutions to conduct operations more productively and lower costs. As the population keeps on growing, there is increased pressure on the mining business. With every industry utilising new technologies to bolster proficiency, cost savings and growth, the mining industry… Read More Here

Mining in DRC Energy

DRC: AfDB interested in the execution of the deep water port of Banana and Inga 3

September 8, 2021September 8, 2021 admin

The Congolese Prime Minister, Jean-Michel Sama Lukonde, received in audience, on Friday September 3, 2021, in his office at the Prime Minister’s office, a delegation from the African Development Bank (ADB), led by Serge Marie N’guessan , Managing Director of this financial institution. This delegation came not only to present the main conclusions of the mission carried out over three days in Kinshasa, but also to inform the Head of Government of various projects that the ADB intends to carry out as soon as possible in the DRC. The delegation… Read More Here

Mining in DRC Governance Mining Companies

DRC Senate denies connections between Modeste Bahati and Regal Mining, listed as illegal Miner in South Kivu

September 8, 2021September 8, 2021 admin

The Senate Communication Unit, in a press release dated September 3, 2021, denies the allegations that the company Regal Mining, indexed in the illicit exploitation of mines in the province of South Kivu, is owned by the President of the Chamber. Upper Parliament, Modeste Bahati Lukwebo. “Contrary to the rumors circulating on social networks, since Friday September 3, 2021, passing Professor Modeste Bahati as the owner of the company Regal Mining which would illegally exploit the minerals in the province of South Kivu, we are keen to inform the opinion… Read More Here