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Komatsu acquires Mine Site Technologies 1 Equipment & Technology Mining technology 

Komatsu acquires Mine Site Technologies

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Komatsu, through its wholly owned subsidiary in Australia, has agreed to acquire Mine Site Technologies (MST), a provider of operational optimization platforms for underground mining that leverage communication devices and position tracking systems. “Empowering its customers growing use of digitalization and automation to improve safety and productivity, Komatsu plans to work with MST Global to help customers build digital ecosystems with real-time insights and alerts, voice and communication technologies, software solutions, robust network infrastructure and wireless and geospatial technologies,” the equipment supplier said in a release. With a global customer base,… Read More Here
Barrick Gold Corporation announces the sale of 5,382,587 shares of Perpetua Resources Corp 2 International Mining Companies 

Barrick Gold Corporation announces the sale of 5,382,587 shares of Perpetua Resources Corp

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Mining company Barrick Gold Corporation (“Barrick”) announced on June 15, 2022, the sale of 5,382,587 common shares (“Shares”) of Perpetua Resources Corp. (“Perpetua Resources”) through Nasdaq, Cboe, Direct Edge and NYSE-ARCA (the “Provision”). According to the source, the disposition generated gross cash proceeds of an aggregate amount of C$21,729,504 (C$4.04 per common share). It should be noted that immediately prior to the disposition, Barrick beneficially owned, or controlled and directed, 5,382,587 shares, representing approximately 8.5% of the issued and outstanding shares. Following the disposition, Barrick no longer beneficially owns, controls or… Read More Here
DRC-Mines: the company NRGI ready to support the Government in the context of the energy transition 3 Mining in DRC Green Energy 

DRC-Mines: the company NRGI ready to support the Government in the context of the energy transition

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The Deputy Minister of Mines, Godard Motemona, met, on Monday June 13, 2022, with the delegation of the company “Natural resource governance institute” (NRGI), on questions related to the energy transition as well as the production electric batteries in the Democratic Republic of Congo (DRC). The Manager of NRGI and head of the delegation, Mr. Hervé Lado, informed Vice-Minister Godard Motemona that his company contributes to improving the governance of countries based on their natural resources, in particular oil, gas and minerals, with the aim of promoting sustainable and inclusive… Read More Here
Invasion of artisanal miners in the KCC site: Godard Motemona reassures prompt return of peace 4 Artisanal mining Mining in DRC 

Invasion of artisanal miners in the KCC site: Godard Motemona reassures prompt return of peace

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The Deputy Minister of Mines, Godard Motemona met, on Tuesday, June 14, with the caucus of deputies of Lualaba on the issue related to the invasion by artisanal miners from this province to the facilities of the mining company Kamoto Copper Company KCC.  Evicted from their mining area in Lualaba, the artisanal miners invaded the site of the KCC mining company. The deputies of Lualaba met the Deputy Minister of Mines, Godard Motemona with a view to demanding the involvement of the government in order to restore calm between the two… Read More Here
The erosion of cobalt prices continues, the ton is trading at 72,000.00 USD as of June 15, 2022 5 Cobalt International 

The erosion of cobalt prices continues, the ton is trading at 72,000.00 USD as of June 15, 2022

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The drop in cobalt prices that began in May 2022 continues until mid-June of the year on the international metals market. According to the indications of the London Metal Exchange, the ton of cobalt is trading at 72,000.00 USD as of June 15, 2022. According to industry experts, the fall in cobalt prices is the indirect consequence of the confinements in China. As of June 10, standard-grade cobalt prices, like alloy-grade cobalt prices, ranged between USD 35.80 and USD 36.50 per kilogram. Since surging around USD 40 per kilogram in… Read More Here
copper falls to 9,262.60 per tonne as of June 15, 2022 6 Copper International 

copper falls to 9,262.60 per tonne as of June 15, 2022

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The outlook for copper prices on the international market is still not favorable despite the lifting of the barrier measures against the coronavirus in China and this situation is expected to continue in 2023 and 2024. As of June 15, 2022, a tonne of copper is sold at USD 9,262.60 on the international market, particularly on the London Stock Exchange. And this, while exactly a week ago this metal was sold at 9,711.85 USD on the London Metal Exchange (LME). Copper is beset by various risks that threaten to undermine the… Read More Here
DRC mining industry produced 121,955 tonnes of copper and nearly 7,000 tonnes of cobalt in January 2022 7 Copper Cobalt Mining in DRC 

DRC mining industry produced 121,955 tonnes of copper and nearly 7,000 tonnes of cobalt in January 2022

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The mining industry in the Democratic Republic of the Congo produced 121,955 tonnes of copper in January 2022 compared to 130,508 tonnes of copper in January 2021, a drop of around 8,553 tonnes, according to figures from the Central Bank contained in its Digest of statistical information of January 13, 2022. As for cobalt, 6,498 tonnes were produced in January 2022 compared to 7,383 tonnes in January 2021, a monthly production drop of around 885 tonnes from one year to the next. Recall that in 2021, the mining industry in… Read More Here
Smart Mining: The Benefits of Developing Digital Mines 8 Mining technology 

Smart Mining: The Benefits of Developing Digital Mines

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Smart Mining: An Innovative Approach to the Issues Facing the Mining Industry Industry 4.0 is fast becoming a global reality. This has led to an increasing focus across the mining industry on innovative approaches to solving several key issues it faces today. Chief amongst these approaches is the development of the connected, data-driven, and automated “smart mining” model. Mining companies have prioritized technology investments, building their data and intelligence capabilities, and integrating equipment, software, and human operators. The smart mine takes advantage of several innovative technologies, including the Internet of… Read More Here
Efforts are continuing to find a solution that unlocks KCM’s potential and delivers maximum benefit to the people of Zambia 9 Mining in Zambia 

Efforts are continuing to find a solution that unlocks KCM’s potential and delivers maximum benefit to the people of Zambia

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Zambia’s decision to take control of a copper mine in the country’s north three years ago will be subject to an arbitration hearing in London in January, the country’s mines minister announced on Wednesday, amid a long-running dispute over the mine’s ownership. Zambia handed control of Konkola Copper Mines (KCM) to a state-appointed provisional liquidator in May 2019, igniting a legal battle with the company’s previous owner, India-listed Vedanta, with arguments heard in Zambia and South Africa and the dispute heading to international arbitration. Zambia’s government accused Vedanta of violating… Read More Here
HOLDING MINING HOUSES TO A HIGHER STANDARD 10 Mining in Zambia 

HOLDING MINING HOUSES TO A HIGHER STANDARD

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Venerated novelist, essayist and critic George Orwell once said, “If liberty means anything at all, it means the right to tell people what they do not want to hear.” Among the many things that have often been difficult to hear is the opinion that Foreign Direct Investment (FDI) is the key to unlocking Zambia’s true mining potential. Not infrequently, we read about one person or the other declaring that all foreigners come to steal from us and that Zambians would be better off running the mining show on our own.… Read More Here

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