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Egypt extends deadline for gold mining bid round 1 Gold 

Egypt extends deadline for gold mining bid round

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Egypt has extended by 60 days the deadline to participate in the latest international tender for exploration licenses as the North African country struggles with a second wave of the coronavirus pandemic, with new daily cases on the rise after experiencing a sharp decline in January. Investors now have until May 15 to bid on blocks that will be awarded to the winning companies by September 15 at the latest. The Egyptian mineral resources authority (EMRA) said the extension seeks to attract new companies and give potential investors more time to come forward. Egypt… Read More Here
First Quantum sees no ‘contagion’ risk in Zambia after Mopani deal – COO 2 Mining in Zambia Copper 

First Quantum sees no ‘contagion’ risk in Zambia after Mopani deal – COO

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First Quantum Minerals sees no risk of nationalization in Zambia following the sale last month of Mopani Copper Mines to the country’s mining investment arm ZCCM-IH, the Canadian miner’s chief operating officer, Tristan Pascall, said on Wednesday. “We don’t see any contagion or any element or risk in that more broadly in Zambia,” he said on a call. Zambia became Africa’s first pandemic-era sovereign default in November, but ZCCM-IH in January agreed to take on $1.5 billion in debt for Glencore’s Mopani stake, making it the sole owner of the mine. ZCCM-IH has said… Read More Here
Ivanhoe’s Ivanplats arranging $420m project financing 3 Mining in DRC 

Ivanhoe’s Ivanplats arranging $420m project financing

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 Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that the company’s South African subsidiary, Ivanplats, has signed a non-binding term sheet with Orion Mine Finance, a leading international provider of production-linked stream financing to base and precious metals mining companies, for a US$300 million gold, palladium and platinum streaming facility. Ivanplats also has appointed two prominent, international commercial banks – Societe Generale and Nedbank – as mandated lead arrangers for a senior project debt facility of up to US$120 million. Both… Read More Here
Heavy equipment demand up in ME, Africa: Richie Bros 7 Equipment & Technology 

Heavy equipment demand up in ME, Africa: Richie Bros

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Equipment auction group Richie Bros reported a 28% jump in demand for heavy equipment in 2020 compared with 2019. Marketplace-E, the company’s online auction platform for surplus heavy equipment, saw the year-on-year increae in bidder activity especially from buyers in the Middle East and Africa. Middle East key accounts manager Phillip Weston said companies in need of this equipment have increasingly been turning to online marketplaces for their needs because it is a more convenient asset disposition and purchasing alternative amid the disruptions of COVID-19. “This upsurge is predominantly due… Read More Here
Glencore ready to support the transition to a low-carbon economy 8 Natural gas 

Glencore ready to support the transition to a low-carbon economy

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Diversified mining and marketing company Glencore is poised to support the transition to a low-carbon economy, CEO Ivan Glasenberg said on Tuesday when the company announced it ended 2020 with earnings before interest, taxes, depreciation and amortization ( Ebitda) of $ 11.6. -billion, Covid-19 notwithstanding. “The Covid-19 pandemic is an extraordinary challenge that continues to impact many aspects of daily life. Against this backdrop, the strength of our underlying 2020 performance is an honor to our highly skilled and dedicated employees, and also reflects our unique business model and our ability to… Read More Here
POWER DESIGN & DELIVERY: Ivanhoe – Kamoa-Kakula in the DRC 9 Copper Mining in DRC 

POWER DESIGN & DELIVERY: Ivanhoe – Kamoa-Kakula in the DRC

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One of the most ambitious mining projects in Africa is the Kamoa Kakula copper project near Kolwezi in the southern DRC. It could eventually develop into the second biggest copper mining complex in the world, second only to Escondida in Chile. The first mine of the project, Kakula, a 6 Mtpa underground operation, is well into the construction phase and the developers, Ivanhoe Mines and its joint venture partners, are predicting first production in Q3, 2021. Ivanhoe has stated that its goal is to become the world’s ‘greenest’ copper miner… Read More Here
Adding copper salts to coal may increase combustion efficiency – study 10 Coal Copper 

Adding copper salts to coal may increase combustion efficiency – study

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Russian scientists published a study where they propose adding copper salts to coal products to modify the fuel’s combustion efficiency. According to the researchers, the addition of copper salts reduces the content of unburnt carbon in ash residue by 3.1 times and CO content in the gaseous combustion products by 40%. Despite global efforts to reduce coal consumption, the black rock is still the primary fuel source for power generation, responsible for over one-third of global electricity in 2020.  THE METHOD OF COAL COMBUSTION ACTIVATION BY METAL SALTS IS BASED ON INTENSIFICATION OF THE… Read More Here
Botswana Diamonds signs strategic agreement 11 Diamond 

Botswana Diamonds signs strategic agreement

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Botswana Diamonds (BOD) has entered into a cooperation agreement to fund exploration of its prospecting licence assets in Botswana with Diamexstrat Botswana (DESB). Diamexstrat Botswana, in turn has an alliance agreement with Burgundy Diamond Mines.  Botswana Diamonds (BOD)’s prospecting assets comprise the recently acquired Sekaka Diamonds Exploration database and Prospecting Licenses, as well as the Prospecting Licences held by BOD’s subsidiary, Sunland Minerals. James Campbell, BOD MD, comments: “I am delighted to partner with Diamexstrat to progress our extensive and highly prospective exploration assets in Botswana which comprises Sekaka Diamonds… Read More Here
Kobe Steel demonstrates new, cleaner steel production technology 12 Mining technology 

Kobe Steel demonstrates new, cleaner steel production technology

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Kobe Steel says it has successfully demonstrated technology that can significantly reduce CO2 emissions from blast furnace operations, combining the technologies of Midrex in the engineering business and the blast furnace operation technology in the iron and steel business. This achievement is a result of the integrated efforts of the Kobe Steel Group (also known as the KOBELCO Group) leveraging its diverse businesses, it said. The demonstration test was conducted for a month at a large blast furnace (4,844 cu.m) of the Kakogawa Works in Hyogo Prefecture, Japan, in October… Read More Here
DIGITALISATION & AUTOMATION TECHNOLOGIES: Resolute Mining 13 Mining technology 

DIGITALISATION & AUTOMATION TECHNOLOGIES: Resolute Mining

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An important milestone in the industry’s move towards more automated and mechanised methods of mining occurred in 2019 when Resolute Mining achieved commercial production rates of +80% of nameplate capacity at its Syama underground mine in Mali. A 2.4 Mtpa sublevel cave operation, Syama is widely regarded as the most advanced automated mine in the world and its progress is being keenly watched by the global mining community. The company has quickly proven that operating in a remote region of Africa doesn’t have to be a technology implementation barrier. Drilling,… Read More Here

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