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DRC: NGO NRGI invites the Government to observe good governance to take advantage of the Cobalt market

March 28, 2022March 28, 2022 admin

The NGO Natural Resource Governance Institute (NRGI) recommends to the Government of the Democratic Republic of Congo (DRC), to put in place a policy of good governance in the mining sector in order to allow the population to benefit from the repercussions of the Cobalt market. This non-governmental organization issued this opinion during a press briefing organized on Saturday March 26, 2022, in Kinshasa. For this NGO, the DRC is in a unique position, but limited in time: “cobalt, of which it has the largest deposits in the world, is… Read More Here

Mining in DRC

DRC Mines Minister insists on harmonization of relations with tfTPs for deeper bilateral and multilateral relations.

March 25, 2022March 25, 2022 admin

Antoinette N’samba Kalambayi, National Minister of Mines opened the meeting with the Technical and Financial Partners (TFPs) working in the Mining sector within the framework of the Mines Thematic Subgroup. At the opening of this meeting on Thursday, February 24, 2022, the Minister of Mines Antoinette N’SAMBA KALAMBAYI insisted on the harmonization of relations with tfTPs for the intensification of bilateral and multilateral relations. She cited some challenges including the updating of geological and mining knowledge, the establishment of Artisanal Exploitation Zones, the fight against fraud with the industrial gold… Read More Here

Mining in DRC Gold

Mark Bristow: “Kibali’s investment in the DRC has reached 4 billion USD”

March 25, 2022March 25, 2022 admin

Since its installation in the Democratic Republic of Congo (DRC), more precisely in Haut-Uélé, Kibali has invested four (4) billion US dollars. At least that is what Mark Bristow, President and CEO of Barrick Gold announced during the 45th press conference held on Thursday March 24, 2022. In front of an audience made up not only of media professionals but also of elected officials from this corner of the country, business leaders, members of civil society and students, the CEO of Kibali engaged in a real exercise in accountability. A practice… Read More Here

Gold International

Gold mining firms should cooperate more with artisanal miners, WGC says

March 25, 2022March 25, 2022 admin

The World Gold Council (WGC) called for greater cooperation between large mining companies and artisanal miners and set out recommendations on Thursday to help bring small-scale miners into the market. Mainstream miners and refiners have typically avoided dealing with artisanal miners who use basic equipment, often work outside legal frameworks and can employ children and toxic materials such as mercury. But artisanal mining provides a livelihood to millions of people in Africa, South America and elsewhere, and pressure has grown from governments and non-governmental organisations for more to be done to bring them into… Read More Here

Equipment & Technology International Mining technology

Metso Outotec launches LowNOx burner for travelling grate pelletizing plants

March 25, 2022March 25, 2022 admin

Metso Outotec is launching the Ferroflame LowNOx (nitrogen oxides) burner for travelling grate pelletizing plants to enable pellet plant operators to achieve the stringent NOx emission targets with ease. The new burner is part of the company ‘s planet positive offering focused on environmentally efficient technologies. The Ferroflame LowNOx burner uses high-speed dilution, which is an effective way to improve the combustion process and reduce NOx emissions. It works seamlessly with natural gas, and tests demonstrate that can also be used with diesel and coke oven gas. “We are very excited about the Ferroflame LowNOx… Read More Here

Gold International

Gold price extends gains amid talks of further energy sanctions on Russia

March 25, 2022March 25, 2022 admin

Gold extended gains on Thursday as risk sentiment continues to pile up over the military crisis in Ukraine, with the US and its allies entering discussions on possible further energy sanctions against Russia. Spot gold rose 0.9% to $1,963.48 per ounce by 12:15 p.m. ET, near its highest in two weeks. US gold futures jumped 1.3% to $1,963.50 per ounce in New York. In response to Russia’s continued invasion of Ukraine, the US is currently working with NATO allies on more measures to prepare for the possibility of Russia deploying… Read More Here

Mining in DRC Gold

Kibali powers ahead while Barrick plans further investments in DRC

March 25, 2022March 25, 2022 admin

Africa’s largest gold mine, Kibali, has made a strong start to 2022 and is on track to equal its 2021 production this year. Last year it again replaced the reserves depleted by mining and its prolific KZ trend of orebodies continues to deliver opportunities for significant open pit and underground growth. Speaking to media, Barrick president and chief executive Mark Bristow said Kibali had notched up several other key deliverables during the current quarter. These include the signing of a cahier de charge with the surrounding communities to formalize their… Read More Here

International Mining technology

How Internet of Things technology reduces operational costs for mines

March 25, 2022March 25, 2022 admin

Industry 4.0 has enabled mining and tunnelling industries to optimise operations beyond what we thought was possible. With a focus on safety and productivity, technology continues to develop and facilitate effective operations, but with these advancements come concerns about change and making new investments. Embracing Internet of Things (IoT) technology not only promises safer and more productive operations, but it also helps to make them more cost-effective. From improved maintenance to making operators’ jobs easier, IoT could save your mining operation money. Service optimisation “Better equipment uptime using analytics and… Read More Here

Copper Cobalt Mining in DRC

MMG commits to $600m DRC cobalt expansion

March 25, 2022March 25, 2022 admin1 Comment

Base metals miner MMG has approved a $500-million to $600-million expansion of its Kinsevere operation in the Democratic Republic of Congo (DRC), extending the mine life for at least another 13 years. The Kinsevere expansion project will bring yearly production of copper cathode up to 80 000 t and between 4 000 t and 6 000 6 of cobalt in cobalt hydroxide. Construction will start in 2022 with first cobalt production is expected in 2023. First copper cathode production from the sulphide orebody is expected in 2024 with the mine to continue production of copper cathode from the remaining oxide orebody… Read More Here

Copper Mining in Zambia

Jubilee sees the benefits of its investment in growth projects

March 24, 2022March 24, 2022 admin

Aim- and AltX-traded metals processing company Jubilee says the six months ended December 31, 2021 marked a period of significant investment, with £35-million, or about R750-million, having been invested into its South African and Zambian operations. This lays the foundation for sustained growth at its operations in South Africa, while rapidly nearing the completion of its Southern Copper Refining Strategy in Zambia, which is targeted to deliver more than 10 000 t/y of copper. During the six months under review, Jubilee completed the construction of the now fully integrated Inyoni… Read More Here