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Botswana Diamonds discovers largest anomaly to date at Thorny River project

May 4, 2022May 4, 2022 admin1 Comment

Aim- and BSE-listed Botswana Diamonds’ ground geophysics survey on its Thorny River property in South Africa has led to the discovery of the largest anomaly to date on the project, consistent with a kimberlite pipe of 25 m in diameter. A detailed drilling programme is planned for July to August, during the country’s dry season. “The discovery of our largest anomaly to date is an important development for Thorny River as this could add significant additional kimberlite tonnage to the developing mine plan,” chairperson John Teeling says. As a result of a… Read More Here

AVZ Minerals scores long-awaited Manono Project license

May 4, 2022May 9, 2022 admin

AVZ Minerals Limited (ASX: AVZ, OTCQX: AZZVF) (AVZ or Company) is pleased to announce that the Minister of Mines has issued the Ministerial Decree to award the Permit d’Exploitation (PE or Mining Licence) for its flagship Manono Lithium and Tin Project (Manono Project). Dathcom Mining SA is 75% owned by AVZ International Pty Ltd, a wholly owned subsidiary of AVZMinerals Limited.Award of the Mining LicenceThe signing of the Ministerial Decree to award the Mining Licence to Dathcom Mining SA (Dathcom), in which AVZ holds a 75% interest via its wholly… Read More Here

Mining in DRC

Civil society round table on the agreement between the Congolese State and Dan Gertler is a step forward for citizen control of public action”- DRC

May 4, 2022May 4, 2022 admin

The Collective of civil society organizations that took part in the round table organized by the Presidency of the Republic on the agreement signed between the DRC and the Ventora group of the economic operator Dan Gertler, discussed with the press on Tuesday May 3, on the main content of this agreement. This group of 31 NGOs welcomes the act taken by the Presidency of the Republic to involve civil society in learning about the content of this agreement. These non-governmental organizations believe that the DRC has just taken a big… Read More Here

International Oil & Gas

Oil drops as China lockdowns overshadow Russian output risk

May 4, 2022May 4, 2022 admin

Oil fell as lockdowns across China countered looming European Union measures to limit purchases of Russian fuel. West Texas Intermediate settled near $102 on Tuesday after a session marked by low liquidity. Crude has swung within a $15 band in the last three weeks as the market weighs the hit to demand from China’s covid wave against supply concerns stemming from bans on Russian crude. Investors are also bracing for the biggest US rate hike since 2000, which could slow demand. “Crude is trading sideways as we await further details from the… Read More Here

Equipment & Technology International Mining technology

Metso Outotec to deliver copper electrowinning technology to Africa.

May 4, 2022May 4, 2022 admin

Finnish mining equipment maker Metso Outotec has been awarded an Є11 million (US$11.5 million) contract for the delivery of advanced electrowinning equipment to a copper cathode production plant in Africa. Metso Outotec’s scope of delivery includes the supply of basic engineering and equipment for the copper electrowinning plant expansion. Metso Outotec’s offering for copper electrowinning tankhouses comprises pre-engineered solutions, key equipment, and services to ensure superior process performance, increased safety, and minimized environmental impact. Metso Outotec also announced today that it has completed the acquisition of Tesab, a Northern Ireland based company… Read More Here

Energy International

EU Plans to Court Africa to Help Replace Russian Gas Imports

May 4, 2022May 9, 2022 admin

The European Union will seek to step up cooperation with African countries to help replace imports of Russian natural gas and reduce dependence on Moscow by almost two-thirds this year. Countries in Africa, in particular in the western part of the continent, such as Nigeria, Senegal, and Angola, offer largely untapped potential for liquified natural gas, according to a draft EU document seen by Bloomberg News. The communication on external energy engagement is set to be adopted by the European Commission later this month as part of a package to implement the bloc’s plan to cut energy reliance on Moscow. The 27-nation bloc wants to shift away from its biggest… Read More Here

Uranium International

Uranium miners ready to meet market needs, WNFC hears

May 4, 2022May 4, 2022 admin

“We face an unprecedented time ahead of us,” said session moderator Treva Klingbiel, president of TradeTech. “We face both incredible challenges and opportunities given where we are in the marketplace, both with the need for new nuclear and the expectations and realisation that we need it and we face a supply deficit. And also on top of that, we have outsized geopolitical events that are really overshadowing and can impact much of the nuclear fuel cycle.” Cameco President and CEO Tim Gitzel noted the 2011 accident at the Fukushima Daiichi… Read More Here

Mining in DRC Energy Oil & Gas

Calls for tenders for the acquisition and exploitation of 16 oil blocks- DRC

May 3, 2022May 3, 2022 admin

The Congolese Minister of Hydrocarbons, Didier Budimbu, announces that he will proceed to calls for tenders for the exploitation of the oil blocks recovered by the Government from July 28 to 29, 2022 in Kinshasa. These operations will take place under the high patronage of the Congolese Head of State, Félix Antoine Tshisekedi, informs the communication service of the Ministry of Hydrocarbons. Through these tenders, the Government intends to get its hands on investors capable of enabling the country to increase its oil exploitation. According to the Minister of Hydrocarbons,… Read More Here

Equipment & Technology International

Sandvik to supply underground BEV fleet to Hindustan Zinc, one of the world’s largest integrated producers of zinc

May 3, 2022May 3, 2022 admin1 Comment

Sandvik and Hindustan Zinc have signed a Memorandum of Understanding for supply of a battery-electric underground equipment fleet to be used at Sindesar Khurd Mine to help it achieve its carbon neutrality ambitions. Deliveries are scheduled to begin in the first quarter 2023, and it will be the first underground BEV fleet deployed in India. The equipment to be delivered includes a LH518B loader and three TH550B trucks as well as a DD422iE drill rig with Sandvik’s unique and patented ”charging-while-drilling” technology. Sandvik will also provide batteries, charging systems and… Read More Here

Gold International

Gold price falls to near 3-month low as Fed meeting approaches

May 2, 2022May 2, 2022 admin

Gold prices fell to a near three-month low on Monday as increased prospects of faster rate hikes by the US Federal Reserve lifted both Treasury yields and the dollar, swaying investors away from the precious metal. Spot gold declined 1.6% to $1,869.52 per ounce by 12:20 p.m. ET, its lowest since mid-February. US gold futures took a 2.3% hit, trading at $1,867.50 per ounce in New York. Meanwhile, the dollar hovered close to a 20-year high amid global growth concerns and expectations of more hawkish tone from the Fed. Benchmark… Read More Here