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Rio Copper Exploration Mining in Zambia New Mining Projects 

Rio completes initial work at Zambia copper project

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Rio Tinto has completed the initial work program on Midnight Sun Mining’s (TSXV: MMA) Solwezi licences in Zambia, part of an earn-in and joint venture agreement the companies signed in April 2020. After incurring project expenditures in excess of $3 million during the initial work phase, Rio will now proceed to the next stage of the agreement. This would allow the company to earn a 51% interest in the Solwezi licences by spending a further $16 million on the project within four years, as well as by making cash payments to Midnight Sun. During… Read More Here
Good demand outlook boosts copper price to $ 7,511 per tonne 1 Mining in DRC Copper 

Good demand outlook boosts copper price to $ 7,511 per tonne

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In the Comex market, copper for delivery in December gained 2.85% to $ 3.4040 per pound ($ 7,488 per tonne) by mid-afternoon of Saturday, November 28, 2020 in New York. The metal rose 1.5% to a seven-year high of $ 7,511 a tonne on the London Metal Exchange, according to Mining News Pro. “The market remains supported by fiscal stimulus across the world,” analysts from Australia and New Zealand Banking Group Ltd. wrote, according to Bloomberg. Copper has risen by around 70% since its March 2020 lows, at the heart of… Read More Here
Barrick Gold “monitoring” Zambia, weighs expansion opportunities for Lumwana 2 Copper Mining in Zambia 

Barrick Gold “monitoring” Zambia, weighs expansion opportunities for Lumwana

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BARRICK Gold said it was keeping tabs on developments in Zambia as it sought expansion opportunities for Lumwana, its 100%-owned, 160 million pound a year copper producer. “We continue to monitor the situation in Zambia which could present opportunities for us to leverage our position,” said Willem Jacobs, COO of Barrick’s Africa and Middle East assets during an investor day last week. “The best is yet to come from Lumwana. We are assessing plant expansion options … to lift the mine’s output and bring value forward,” said Jacobs. Asked by analysts… Read More Here
Copper price surges as demand hopes build 3 Copper International 

Copper price surges as demand hopes build

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Copper rallied for a fourth day on Friday, adding to this week’s powerful surge across base metals on hopes for a post-pandemic demand boom. On the Comex market, copper for delivery in December gained 2.85% to $3.4040 a pound ($7,488 a tonne) by mid-afternoon in New York. The metal rose as much as 1.5% to a seven-year high of $7,511 a tonne on the London Metal Exchange. THE METAL IS ALSO GAINING TRACTION AS A BET ON HAWKISH CLIMATE POLICIES THAT WILL EXPAND COPPER-RICH POWER NETWORKS “The market remains buoyed… Read More Here
Eurasian Resources DRC copper, cobalt facility to undergo Responsible Minerals Assurance Process 4 Cobalt Copper Mining in DRC 

Eurasian Resources DRC copper, cobalt facility to undergo Responsible Minerals Assurance Process

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Eurasian Resources Group announced that Metalkol RTR, its hydro-metallurgical copper and cobalt facility in the Democratic Republic of Congo, has committed to undergoing the Responsible Minerals Assurance Process, a flagship program of the Responsible Minerals Initiative.  Known as RMAP, the Process was developed to meet the requirements of the OECD Due Diligence Guidance, the Regulation (EU) 2017/821 of the European Parliament and the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act.  THE RMAP USES AN INDEPENDENT THIRD-PARTY, RISK-BASED ASSESSMENT OF SMELTER/REFINER MANAGEMENT SYSTEMS AND SOURCING PRACTICES It uses an independent… Read More Here
Redefining mine ventilation efficiency and cost savings 5 Equipment & Technology 

Redefining mine ventilation efficiency and cost savings

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Despite the challenges presented in 2020, TLT-Turbo Africa continues to redefine ventilation for mining operations across the continent. Their customised and pro-active approach to ventilation solutions, combined with their new range of Auxiliary and Booster fans, have provided substantial electrical cost-savings to a major global gold and platinum producer, just 3 months after installing a customised pair of TLT-Turbo Africa’s fans at one of their South African sites. TLT-Turbo Africa was approached by an ultra-deep mining operation located in Gauteng, requiring a recommendation for a suitable fan solution to be… Read More Here
Zambia to appeal court ruling backing Vedanta in KCM mine row 6 Mining in Zambia 

Zambia to appeal court ruling backing Vedanta in KCM mine row

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Zambia’s state mining arm ZCCM-IH plans to appeal a court decision that ruled in favour of Vedanta, which has sought arbiration in a dispute over the jointly owned copper mine that is facing liquidation, the mining minister said. “ZCCM-IH has already indicated that they are appealing because they are not happy with the court judgment,” Richard Musukwa said. Read More Here
Barrick listed again in Dow Jones Sustainability Index 7 Mining Companies 

Barrick listed again in Dow Jones Sustainability Index

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Barrick Gold Corporation has retained its listing in the prestigious Dow Jones Sustainability Index’s (DJSI) World Index, ranking in the 95th percentile of all mining companies assessed. This is the 13th consecutive year Barrick has been listed in the World Index, in which 2,500 companies are evaluated against governance, social performance, environmental management and economic contribution factors to identify the top 10% or “best in class” performers in every industry. The DJSI is the longest-running global sustainability benchmark worldwide and has become the key reference point in sustainability investment. Barrick… Read More Here
Drone system assisting miners to free space across sites 8 Equipment & Technology 

Drone system assisting miners to free space across sites

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The application and adaptation of military technology at resources sites has the potential to create operational efficiencies and safer environments.  Freespace Operations is a Victorian based company that began designing and manufacturing innovative drone systems for the defence sector and is now providing similar systems to industry.  The company recently customised its technology to address some of the challenges associated with modern mining, resulting in the production of the Callisto Modular Industrial Multirotor.   The Callisto is an autonomous modular and multipurpose industrial drone with benefits for the resources sector including increased productivity and worker safety.  According… Read More Here
Power Metals Resources confirms the high copper and cobalt potential of the Kisinka project in DRC 9 Cobalt Copper Mining in DRC 

Power Metals Resources confirms the high copper and cobalt potential of the Kisinka project in DRC

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Power Metals Resources is now confident that its Kisinka project contains high levels of copper and cobalt. This strong potential has been confirmed by sample analyzes, encouraging the company to continue work to identify drilling targets, indicates a dispatch from the Ecofin Agency. Mining company Power Metals Resources has confirmed the strong copper and cobalt potential of its Congolese Kisinka project, thanks to new sample analysis results. The samples in question were taken during an exploration campaign conducted at the start of the year and submitted to the South African laboratory ALS… Read More Here

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