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Murray & Roberts lands R2bn mining contract in Australia 1 Mining Supply Tenders International 

Murray & Roberts lands R2bn mining contract in Australia

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Engineering group Murray & Roberts (M&R) has secured a R2.3bn mining contract in Australia. M&R announced on Monday that its subsidiary, RUC Cementation Mining Contractors, had secured the tender at Newmont Corporation, the world’s largest gold producer. RUC is a diversified underground mining contractor operating throughout Australia and Asia Pacific. “Capital investment in the mining sector continues mainly in brownfield expansions, although it is expected that investment in new mines will return from mid-2021 onwards,” the company said in a statement. M&R CEO Henry Laas told Business Day the contract… Read More Here
Record metal prices put mining companies ahead of oil giants 2 Mining Companies Oil & Gas 

Record metal prices put mining companies ahead of oil giants

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Major oil producers, who for decades were the biggest earners in the natural resources industry, are being eclipsed by once-smaller mining peers who are making record profits from burning metals markets.  The mining windfall is the latest sign of a boom in iron ore, copper and other metals that is sending a wave of inflation through the global economy, raising the cost of everything from electrical wires to construction beams. In the corporate world, the top five iron ore mining companies are on track to achieve combined net profits of… Read More Here
DRC Deputy Minister of Mines,promises to work in transparency for the benefit of the Public Treasury 3 Mining in DRC Mining Personality Mining Policy 

DRC Deputy Minister of Mines,promises to work in transparency for the benefit of the Public Treasury

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The handover and resumption between Godard Motemona and Alpha Denise Lupeto, respectfully, incoming and outgoing Deputy Ministers of Mines, took place 24 hours after the passing of the torches between the incumbent Minister Antoinette N’samba Kalambayi and Willy Kitobo, the outgoing Minister. Three highlights marked this ceremony. First, the exchanges of civility between the two personalities. Then, their speeches followed as well as the signing of minutes of delivery and resumption accompanied and the delivery of some specific documents of the Deputy Minister of Mines, in particular the certificate of the Kimberley… Read More Here
BT fuses Cisco into Orica network 4 Mining technology 

BT fuses Cisco into Orica network

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Telecommunications and network provider BT has ignited a project with commercial explosives and blasting systems provider Orica to implement a new managed network service using Cisco’s SD-WAN technology. The upgrade forms part of Orica’s digital transformation and will support the migration of applications and services to the cloud. Melbourne-headquartered Orica operates in more than 100 countries and has more than 13,000 employees, many of which are deployed in remote worksites and rely on digital solutions and automation to create productive blast outcomes for customers.  For Orica’s IT team, BT will… Read More Here
swedish stirling Mining Supply Tenders International 

Swedish Stirling wins $49M Glencore contract

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Clean-tech power generation company Swedish Stirling has secured an 8-year, R700 million (US$49 million) contract with Glencore to deliver 25 of its 10MW engines to power the Merafe Lion ferrochrome smelter in South Africa. Swedish Stirling will provide the 25 PWR BLOK 400-Fs engines under an energy conversion service agreement that is estimated to offset carbon dioxide emissions from the Lion smelter by over 500,000 tonnes. “The Lion smelter is one of the world’s largest ferrochrome smelters. For Swedish Stirling, this development is recognition that the PWR BLOK is a… Read More Here
Epiroc expects stable post-COVID-19 demand 5 Covid-19 Equipment & Technology International 

Epiroc expects stable post-COVID-19 demand

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Swedish mining equipment maker Epiroc has projected stable post-pandemic demand, citing positive customer sentiment towards its equipment and autonomous solutions in the mining sector during the first quarter of 2021. Orders received rose 9% to SK10.6 billion (US$1.2 billion), an organic increase of 21%. Meanwhile, revenues fell 4% to SK8.7 billion (US$1 billion), but this represented an organic increase of 6%. The company in March purchased Meglab, a Canadian company with expertise in providing electrification infrastructure solutions to the mining industry. In April it also announced the acquisition of DandA Heavy… Read More Here
Tanzania gold refinery starts producing in drive to boost gold revenues 6 Gold 

Tanzania gold refinery starts producing in drive to boost gold revenues

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Anew gold refinery set to be the biggest in Tanzania has begun production in a step towards the government’s aim of processing more of the precious metal domestically. Africa’s fourth-biggest gold producer and home to industrial gold mines run by Barrick, AngloGold Ashanti and others, Tanzania has been trying to formalise subsistence gold mining and develop refineries to generate more revenue from the sector. The refinery in Mwanza, a city on Lake Victoria, is processing gold from sources including subsistence or “artisanal” miners, Tanzania’s State Mining Corporation (Stamico), a 25%… Read More Here
DRC: Albert Yuma and senior executives from Gécamines support Sama Lukonde 7 Mining in DRC 

DRC: Albert Yuma and senior executives from Gécamines support Sama Lukonde

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The day after his effective assumption of functions as Head of Government of the Sacred Union of the Nation, the Prime Minister, Jean-Michel Sama Lukonde Kyenge, received, in his office on Wednesday April 28, a large delegation of Gécamines (General of quarries and mines), led by the Chairman of the Board of Directors, Albert Yuma Mulimbi. Like one man, all the members of the Board of Directors of Gécamines, the major directors and the union delegation reiterated their support for the Prime Minister so that he succeeds in his heavy… Read More Here
Albert Yuma cited as main signatory of contracts in the Dan Gertler cases - CNPAV/ DRC 8 Mining in DRC 

Albert Yuma cited as main signatory of contracts in the Dan Gertler cases – CNPAV/ DRC

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The investigation carried out by the campaign “the Congo is not for sale” (CNPAV), published on Thursday, April 22, highlights the privatization of part of the royalties of Gécamines, as well as the irregularities which characterized their acquisition by Dan Gertler and his companies. The CNPAV points out that the future revenue losses for the DRC State and Gécamines, which amount to around 90 million per year. This civil society platform informs that if nothing is done, Dan Gertler will continue to collect more than $ 200,000 per day on average… Read More Here
Mining: global demand for gold at the lowest level in 13 years 9 Gold 

Mining: global demand for gold at the lowest level in 13 years

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Global demand for gold in the first quarter of 2021 remained near its lowest level since 2008, as strong investor sales in Europe and North America offset the pickup in consumer buying in Asia, the Chinese said on Thursday. World Gold Council (WGC). Traditionally viewed as a safe asset, investors bought gold in unprecedented amounts last year as the coronavirus swept through the global economy. This momentum is now reversing as the global economy recovers, with investors unwinding some of their positions and consumers in Asia returning to the market.… Read More Here

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