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Sama Lukonde talks economic cooperation with President Cyril Ramaphosa 1 Mining in DRC Economy 

Sama Lukonde talks economic cooperation with President Cyril Ramaphosa

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On the sidelines of the Mining Indaba 2022 Forum, the Prime Minister, Jean-Michel Sama Lukonde, was received in audience, this Tuesday, May 10 in Cape Town, by the South African President, Cyril Ramaphosa.  According to the Minister of Communication and Media, Door of the Government of the DRC, it was a question, during these exchanges, of the improvement and strengthening of economic cooperation between the Democratic Republic of Congo and South Africa. South, particularly with regard to the pooling of efforts for the development of value chains in the mining… Read More Here
A ton of copper fell to 9,160 USD on Tuesday 11 May against 9,695.85 USD last week 2 Copper International 

A ton of copper fell to 9,160 USD on Tuesday 11 May against 9,695.85 USD last week

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March 2022 has been the most prolific month for the copper market which continues to tumble in the international market. In a downward trend for a few weeks now, the price of copper has fallen again on the international metals market, inform the indicators of London Metal Exchange (LME). On the London Stock Exchange, this product is trading at USD 9,160.00 per ton compared to USD 9,695.85 per ton last week. By comparing these two periods under analysis, it appears that this product recorded a negative price difference of around… Read More Here
Mining Indaba: Africa’s accelerated energy transition should leave no-one behind  3 Career Energy Events & Expos 

Mining Indaba: Africa’s accelerated energy transition should leave no-one behind 

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As the world pivots towards a green energy transition in the fight against climate change, Africa faces a generational opportunity to create new supply chains drawing upon its ‘Aladdin’s cave’- like endowment of mineral wealth, a keynote panel at the African Mining Indaba heard on Tuesday.  The emerging message is that while the transition forces the creation of new industries and value chains, those enrolled in the legacy mining operations such as thermal coal should not be left behind.   While it will take the formation of meaningful public-private partnerships… Read More Here
Elon Musk says Tesla open to buying a mining company 4 International 

Elon Musk says Tesla open to buying a mining company

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Tesla is open to buying a mining company if producing its own supply of electric vehicle (EV) metals would speed up worldwide adoption of clean energy technologies, Chief Executive Officer Elon Musk said on Tuesday. Concern is mounting across the EV industry that there may not be enough supply of lithium, nickel, copper and other metals to match demand later this decade, fueling questions about whether Tesla would consider jumping into the mining sector. “It’s not out of the question,” Musk told the FT Future of the Car 2022 conference. “We will address whatever limitations are on… Read More Here
Europe looking to get a million tonnes of coal annually from Botswana, says President Masisi 5 Coal 

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

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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 6 Gold Equipment & Technology 

Asante Gold commissions crusher at Bibiani

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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 7 Equipment & Technology International Mining technology 

Caterpillar enhances electric rope shovels

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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 8 Gold Mining in Zambia 

Barrick Gold eyes more copper assets in Africa

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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" 9 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”

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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 10 Mining in Zambia Copper Governance 

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

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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

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