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CO2 emissions from cobalt production expected to soar – report 1 Mining in DRC Cobalt Mining in Zambia 

CO2 emissions from cobalt production expected to soar – report

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CO2 emissions of cobalt production are expected to be about 1.6Mt in 2021, but it is estimated that this figure will nearly double to 3Mt by 2030, a new Roskill report shows. According to the market analyst, cobalt production GHG emissions are supported by increased demand from the EV sector and the growing dominance of nickel laterite-based supply in the cobalt supply chain. “By 2030, most of these carbon emissions (55%) will be produced by laterite operations despite these operations only contributing 26% of cobalt supply,” the review states. In Roskill’s view, it is… Read More Here
Kibali rejects Sokimo claim 2 Mining in DRC 

Kibali rejects Sokimo claim

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Kibali Goldmines said on April 18 that it had learned that the Congolese parastatal Société Minière de Kilo-Moto (Sokimo) was attempting, for a second time, to extort certain benefits from the company by filing new proceedings with the commercial court in Kinshasa. Sokimo is a 10% shareholder in the Kibali gold mine which is operated by Barrick Gold, which holds a 45% interest in the mine. The remaining 45% interest is held by AngloGold Ashanti. According to Kibali, Sokimo had withdrawn its first claim “of this kind” after it had… Read More Here
Gemfields: highest auction revenue since March 2016 3 Mining in Zambia Gemstones 

Gemfields: highest auction revenue since March 2016

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Gemfields has announced the results of an emerald auction comprising a series of five sequential mini-auctions held during the period 15 March – 17 April 2021. The auction contained a selection of grades that are typically offered at Kagem Mining auctions of higher quality emeralds. Selected lots were made available for in-person and private viewings by customers in Tel Aviv, Dubai and Jaipur. Following the viewings, the auctions took place via an online auction platform specifically adapted for Gemfields and which permitted customers from multiple jurisdictions to participate in a… Read More Here
Objective to convince major global consumers of Congolese cobalt 4 Mining in DRC Cobalt 

Objective to convince major global consumers of Congolese cobalt

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The missions of the Minister of Mines, Professor Willy KITOBO SAMSONI in the world and in the provinces with the objective of convincing the large world consumers of Congolese Cobalt to work with the Government of his country to make the artisanal production of responsible Cobalt ended up paying off and give credibility to the efforts of the DRC in improving the working conditions of artisanal mining activities. Indeed, it is since the last Davos conference in Switzerland where he was received by the members of GBA, his mission in… Read More Here
Barrick, AngloGold say Congo’s SOKIMO in second attempt “to extort” benefits from Kibali 5 Mining in DRC Mining Companies 

Barrick, AngloGold say Congo’s SOKIMO in second attempt “to extort” benefits from Kibali

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A FRESH dispute is brewing between the joint shareholders in the Kibali gold mine Barrick Gold and AngloGold Ashanti and the Democratic Republic of Congo (DRC) which has a 10% stake in the country’s mine via the state-owned SOKIMO (Societe Miniere de Kilo-Moto). Kibali Goldmines SA said today SOKIMO had filed proceedings with the commercial court in the DRC’s Kinshasa described as an attempt to “extort certain benefits from the company”. Kibali Goldmines is the business unit through which Barrick and AngloGold own their shares in Kibali gold mine which produced 813,000… Read More Here
Lycopodium wins Newmont Ghana EPM 6 Mining Supply Tenders 

Lycopodium wins Newmont Ghana EPM

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Newmont’s Ghana subsidiary has awarded a Engineering and Procurement Management (EPM) services contract for a greenfield expansion near its Ahafo mine to Australian engineering firm Lycopodium. Lycopodium Minerals Africa said the US$48 million EPM contract for Newmont Ghana Gold’s Ahafo North Project spans a strike length of approximately 14 kilometres. The development will include a series of open pits with a 3.4 Mtpa process plant (3.7 Mtpa on softer oxide ores) using conventional carbon-in-leach technology. Lycopodium will undertake the detailed engineering design and procurement services for the design of the… Read More Here
Gold price nears 2-month high on stronger US retail data 7 Gold International 

Gold price nears 2-month high on stronger US retail data

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Gold prices rose to their highest since late February following declines in both the dollar and bond yields Thursday, placing the precious metal on course for a second straight weekly gain. Spot gold jumped 1.7% to $1,767.18 per ounce by 11:50 a.m. ET. Gold futures for June delivery gained 1.9%, trading at $1,769.70 per ounce in New York. Meanwhile, a gauge of the US dollar fell as much as 0.2%, and 10-year Treasury yields dropped to the lowest in about a month. Their declines came after US retail sales accelerated in March… Read More Here
Glencore faces shareholders revolt over CEO’s pay 8 Mining Personality 

Glencore faces shareholders revolt over CEO’s pay

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Proxy adviser Glass Lewis, one of Glencore’s (LON: GLEN) top shareholders, is pushing investors to vote against the company’s plans to pay its new chief executive Gary Nagle up to $10.4 million. In a report for clients, Lewis said it was concerned that the remuneration package for Nagle was “excessive for a newly appointed CEO with no previous experience of running a publicly listed company.” Glencore announced in December that Ivan Glasenberg, its long-serving CEO, was to step down this year and be replaced by Nagle, who was head of its coal… Read More Here
Tech-driven training creates safer mines 9 Mining technology Mining safety 

Tech-driven training creates safer mines

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The most important thing to come out of a mine is the miner.” These immortal words are believed to have come from 19th century French sociologist and mining inspector general, Frédéric Le Play, and they are as truthful today as they ever were.  The challenges for any mining operation are countless and research shows that the vast majority of incidents can be linked back to human error. As such, the need for in-depth, hands-on and continuous health and safety learning for all levels of mining work grows more urgent by… Read More Here
Botswana Diamonds to undertake second stage drilling campaign at Thorny River 10 Diamond 

Botswana Diamonds to undertake second stage drilling campaign at Thorny River

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Dual-listed diamond explorer Botswana Diamonds will begin a further drilling programme on its Thorny River diamond prospect, in South Africa’s Limpopo province, on April 19. Following the discovery of the River kimberlite pipe, the company upgraded the potential of the property. An area with a similar geological and geophysical footprint immediately to the east of the River Pipe has been identified. Analysis suggests potential for a larger kimberlite body than already identified. Following completion of earth works during the course of this week, a six-hole reverse circulation programme will be… Read More Here

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