You are here

Written by 

Europe looking to get a million tonnes of coal annually from Botswana, says President Masisi 1 Coal 

Europe looking to get a million tonnes of coal annually from Botswana, says President Masisi

admin
Botswana has been inundated with inquiries to supply coal to Europe and estimates that demand from Western countries could top a million tonnes a year, President Mokgweetsi Masisi said on Tuesday, as the Ukraine war forces Europe to pivot more to Africa for energy resources. Since Russia invaded Ukraine at the end of February, Europe has sought to cut its gas imports from Russia, which many European nations previously relied on, and is looking at other parts of the world to meet its fuel demand, including coal. That potentially opens… Read More Here
Asante Gold commissions crusher at Bibiani 2 Gold Equipment & Technology 

Asante Gold commissions crusher at Bibiani

admin1 Comment
Asante Gold has completed the refurbishment of its primary crusher at the Bibiani gold mine in Ghana, and it is now operational. The company anticipates its first gold pour in the September quarter this year. The Vancouver-based company will continue to stockpile ore for the next few weeks to support the imminent start of processing when the downstream process plant equipment is operational. Ore stockpiling on the run of mine pad began in February. The primary crusher system includes a 42-inch by 72-inch gyratory crusher which can provide 544 tonnes… Read More Here
Caterpillar enhances electric rope shovels 3 Equipment & Technology International Mining technology 

Caterpillar enhances electric rope shovels

admin
Caterpillar has added several design enhancements to its 7495 HF Electric Rope Shovel models to increase machine reliability. The upgrades are applied to track or crawler frames, swing rack and rollers, as well as propel gearboxes and rotating undercarriage. The upgrades result in an improvement to the total cost of ownership of up to 6% per operating hour, Caterpillar said. For the track roller frame, Caterpillar reengineered the bolt-on design to eliminate the need for casting weld, increasing wear life and requiring no maintenance. Caterpillar also increased the frame thickness… Read More Here
Barrick Gold eyes more copper assets in Africa 4 Gold Mining in Zambia 

Barrick Gold eyes more copper assets in Africa

admin1 Comment
Barrick Gold (TSX:ABX)(NYSE:GOLD) wants to add more copper assets to its African portfolio buoyed by a looming deficit and high prices for the industrial metal, which is also a key component in the making of electric vehicles (EVs) and the renewables sector. The Canadian gold giant already owns the Lumwana copper mine in Zambia, which inherited through its acquisition of Randgold Resources in 2019. The operation was rumoured to be one of 13 assets Barrick sought to sell after the $6 billion merger. The company had a change of heart after President Hakainde Hichilema won a… Read More Here
Sama Lukonde at the Mining Indaba/2022: "The DRC carries global hope, not only in the mining sector but also in the environment" 5 Mining in DRC Events & Expos 

Sama Lukonde at the Mining Indaba/2022: “The DRC carries global hope, not only in the mining sector but also in the environment”

admin
Prime Minister Sama Lukonde represents the President of the Republic, Félix Tshisekedi, at this year’s Mining Indaba Forum where he is the VIP of the DRC, talking about the assets and opportunities for investment in the mining sector and even in the ecological transition of the Central African giant. Presenting the country with immense potential, the head of the Congolese government declared in front of all the assistance at Mining Indaba/2022 that “the Democratic Republic of Congo carries a planetary hope, not only in the mining sector but also that… Read More Here
First Quantum to make biggest foreign investment in Zambia in a decade 6 Mining in Zambia Copper Governance 

First Quantum to make biggest foreign investment in Zambia in a decade

admin
First Quantum Minerals has announced the largest foreign investment in Zambia in more than a decade, providing a much-needed boost for the cash-strapped government of President Hakainde Hichilema as he attempts to complete a debt restructuring. The Toronto-listed company said it would invest $1.25bn to extend the life of its Kansanshi copper mine until 2044 and a further $100mn to finish the development of its Enterprise nickel project. “There is an improving investment climate in Zambia whereas in other jurisdictions it is looking a little… Read More Here
Sinosteel signs $690 million deal for Cameroon iron ore mine 7 Iron Ore 

Sinosteel signs $690 million deal for Cameroon iron ore mine

admin
China’s Sinosteel Corp. has signed a $690 million contract to exploit an iron ore mine in southern Cameroon amid a push to cut Chinese reliance on Australian and Brazilian ore. Sinosteel will produce 10 million tons of ore annually containing 33% iron from the Lobe mine, Zheng Zhengao, who heads the Cameroonian subsidiary told reporters in the capital, Yaounde. It will then enrich the output to produce 4 million tons of high-grade ore with more than 60% iron content, he said. The Chinese company signed a 50-year contract with the… Read More Here
Mining Indaba: Bristow pleads with African miners to create ‘partnerships for prosperity’ 8 Events & Expos 

Mining Indaba: Bristow pleads with African miners to create ‘partnerships for prosperity’

admin
A renewed focus on creating meaningful partnerships between miners, host communities and governments is quintessential to unlocking economic prosperity for African stakeholders, Barrick Gold (TSX: ABX; NYSE: GOLD) CEO Mark Bristow told the audience at Investing in Africa Mining Indaba on Monday. The chief executive of the world’s second-largest gold producer by volume calls it “partnerships for prosperity,” which he believes is critical for building Africa into a resource powerhouse. Bristow pointed out one of the biggest tests for partnership the world ever faced was the arrival of covid-19. “Historians… Read More Here
Gold price extends decline as dollar rallies to 20-year high 9 International Gold 

Gold price extends decline as dollar rallies to 20-year high

admin
Gold prices extended losses on Monday as the dollar rallied to two-decade highs while US Treasury yields also advanced, curbing investors’ enthusiasm for the safe haven metal. Coming off a run of three straight weekly losses spot gold declined another 1.0% to $1,863.96 per ounce by 12:25 p.m. ET Monday. US gold futures, too, dropped 1.0% in New York, trading at $1,862.60 per ounce. Bullion has been sliding since mid-April as the Federal Reserve and other central banks tighten policy to fight rising consumer prices. The monetary squeeze has sent… Read More Here
Copper price near 8-month low on tightening lockdowns in China 10 Copper International 

Copper price near 8-month low on tightening lockdowns in China

admin
Copper prices fell to their lowest in almost eight months on Monday, as tightening lockdowns in China stoked worries about demand, with a stronger dollar further weighing on the market. Copper for delivery in July fell 2.6% from Friday’s settlement price, touching $4.15 per pound ($9,139 per tonne) midday Monday on the Comex market in New York, the lowest since September 1. The most-active June copper contract on the Shanghai Futures Exchange was down 0.6% at 71,740 yuan ($10,715.62), after dropping to its lowest since March 16. Investors are awaiting… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.