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Kibali continues to shine for Barrick Gold

February 3, 2021February 3, 2021 admin

The Barrick Gold operated Kibali Joint Venture in the DRC produced 808,134 oz of gold in 2020, achieving the top-end of production guidance for the year. This performance was driven by its underground operation which achieved record monthly and quarterly ore production in December and Q4 2020. Kibali is a world leader in automated underground mining, through systems that allow multiple autonomous machines to operate on the same haulage and production levels, and provide real-time visibility of all operations as well as automated control of the ventilation fans. Leading-edge technology… Read More Here

Mining technology

How reliable wireless communication is driving autonomous mining

February 2, 2021February 2, 2021 admin

Although slow to embrace digitalisation, mining is racing ahead of many other industries in its adoption of autonomous technology. Harnessing industrial IoT sensors, cameras, edge computing, artificial intelligence (AI) and machine learning, mining operators are developing increasingly powerful algorithms using data from cameras and sensors to drive autonomous vehicles in their various operations. One of the key technologies making this possible is private wireless – based, today, on 4G/LTE and, in some early cases, 5G. The success of these autonomous technologies has many mines pursuing a full automation strategy without… Read More Here

Equipment & Technology Mining technology

Cat Mining signs global simulator-based training deal with ThoroughTec

February 2, 2021February 2, 2021 admin

Caterpillar Mining and South Africa-headquartered ThoroughTec Simulation have concluded a global cooperation agreement that they say will bring the latest generation, simulator-based equipment training solutions to Caterpillar customers. “This will help them improve safety, boost productivity, increase machine availability and create more sustainable mining operations.” A major move by Caterpillar Mining in simulator-based training has been widely expected, with mining simulator training major Immersive Technologies having been acquired by Cat’s main rival Komatsu in 2019. Under the agreement, Caterpillar Mining will recommend ThoroughTec Simulation as their approved supplier of mining… Read More Here

Events & Expos Mining in DRC

Webinar recording: Exploring gold potential in the DRC

February 2, 2021February 2, 2021 admin

The north-east corner of the Democratic Republic of Congo (DRC) is home to one of Africa’s richest goldfields, including Barrick Corporation’s Kibali gold mine – the largest gold mine in Africa. However, in recent years’ gold mining activities have contributed little to the overall prosperity of the nation due to the ongoing conflict and violence in the area, the scale of the mining activities – mainly artisanal, and the smuggling of gold to neighbouring countries. Listen to a recording of the webinar hosted by DRC Mining Week and Mining Review Africa which explored the… Read More Here

Covid-19

Africa: Covid-19 Death Toll Exceeds 91,000 Across Continent

February 2, 2021February 2, 2021 admin

As of February 2, confirmed cases of Covid-19 from 55 African countries reached 3,582,328 . Reported deaths in Africa reached 91,480 and 3,073,258 people have recovered. South Africa has the most reported cases – 1,456,309 – and 44,399 people died. Other most-affected countries are Morocco ( 471,438 ), Tunisia ( 210,045 ), Egypt ( 166,492 ), Ethiopia ( 138,384 ), and Nigeria ( 131,918 ). The numbers are compiled by the Center for Systems Science and Engineering (CSSE) at Johns Hopkins University (world map) using statistics from the World Health… Read More Here

Diamond

Lucapa’s Lulo diamonds fetch US$5.9 million

February 2, 2021February 2, 2021 admin

Lucapa Diamond Company and its partners have announced the results of the first diamond sale of 2021 by Sociedade Mineria Do Lulo (SML) from its Lulo alluvial mine in Angola. The rough diamond parcel of 4,273 carats was sold for a total of US$5.9 million (A$7.7 million) or US$1,375 (A$1,793) per carat. Lucapa MD, Stephen Wetherall comments: “As with the first sale of Mothae diamonds in 2021, prices achieved by SML at this sale continued to reflect the positive industry mood, and with sales from both operations in 2021 already… Read More Here

Uncategorized

Mining sector remains resilient in turbulent times

February 2, 2021February 2, 2021 admin

The South African mining sector has remained resilient amid the COVID-19 pandemic. This is the view of Minerals Council South Africa president Mxolisi Mgojo. He was speaking at a media briefing on the eve of the Investing in African Mining Indaba Virtual Event, on ‘The State of the Mining Nation’ and to launch the organisation’s Facts and Figures Pocketbook 2020. Despite production disruptions as a result of an ongoing national lockdown, the mining sector is still a significant contributor to the country’s economy. Among the key economic drivers, the mining sector has: Contributed R361.9… Read More Here

Gold

Shanta ended the year with higher reserves and resources

February 2, 2021February 2, 2021 admin

Aim-listed Shanta Gold has revealed that it has “produced another notable safety performance”. The company, through CEO Eric Zurrin in a production and operational results release, also states that it achieved its core objectives for 2020, with gold production and costs in line with guidance. Shanta owns the New Luika gold mine (NLGM) and the Singida project, in Tanzania, and the West Kenya project in Kenya. Zurrin says the company is operating drilling campaigns at each of its three projects and expects to increase group reserves during the course of… Read More Here

Mining in DRC Oil & Gas

19 oil blocks identified across the country will be the subject of calls for tenders – DRC

February 2, 2021February 2, 2021 admin

The Minister of State, Minister of Hydrocarbons, Rubens Mikindo announced that he had identified nineteen oil blocks across the country and which will soon be the subject of calls for tenders. He said it on the sidelines of the Hydrocarbons scientific days held from January 28 to 29 in Kinshasa. “Thus, the review of the oil and gas heritage of the DRC enabled us to select a total of nineteen oil blocks which will soon be the subject of calls for tenders. These blocks are distributed as follows: nine blocks in the… Read More Here

Gold International

Global gold output to rise 5.5% in 2021 – report

February 2, 2021February 2, 2021 admin

After declining in 2019, global gold production was adversely affected by the covid-19 pandemic during 2020, while the suspension of expansion works and contractions from mines nearing closure also exacerbated the decline. Overall output in 2020 was estimated to have declined by 5.2% to 108 million ounces (moz), according to UK-based analytics company GlobalData. This year, however, total production is expected to bounce back and increase by 5.5% to 113.9moz and then grow to 124.1moz by 2024 – a 2.9% compound annual growth rate (CAGR). Indonesia, Peru and the US will… Read More Here