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Global Risk Complexity Could Support Stronger Appetite in Longer Dated Kwacha Securities in Upcoming Bond Sale 1 Mining in Zambia Economy 

Global Risk Complexity Could Support Stronger Appetite in Longer Dated Kwacha Securities in Upcoming Bond Sale

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The current chaotic state of the global environment is posing an array of short term risks that could fret offshore players in locking liquidity is shorter dated tenors in the upcoming Kwacha fixed income debt sale earmarked for Monday March 21, 2022. Grappling with a debt restructure whose time lines remain uncertain, geopolitical tensions have nonetheless seen crude prices at highs last seen in 2008 – potentially fueling inflation pressure. The risk landscape in the short term, remains fairly elevated and is compounded by the recent US Federal Reserve Open Market… Read More Here
New Debmarine Namibia diamond recovery vessel sets world record 2 Diamond International 

New Debmarine Namibia diamond recovery vessel sets world record

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The World Record Academy has stated that Debmarine Namibia’s latest diamond recovery vessel, Additional Mining Vessel 3 (AMV3), has set a new world record for the largest diamond recovery vessel. The 177m diamond recovery vessel AMV3 was built at Damen Shipyards Mangalia in Romania for Debmarine Namibia, a 50/50 joint venture between the De Beers Group and the government of Namibia, at a cost of approximately US$470 million. It is the first vessel to be delivered by Damen Shipyards Mangalia, marking the end of the shipbuilding phase of the project… Read More Here
XCMG builds “world’s largest” 400 t XDE440 mining truck for Zijin Mining and China Minmetals 3 Equipment & Technology Mining Equipment Mining technology 

XCMG builds “world’s largest” 400 t XDE440 mining truck for Zijin Mining and China Minmetals

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Rolling off its production line today was the 400 t (metric) class diesel-electric AC drive XDE440 mining truck, claimed as the world’s largest by Xuzhou-headquartered Chinese construction and mining equipment giant XCMG. XCMG stated: “The XDE440, the world’s largest rear-drive rigid mining car, has rolled off the production line. This is not only an important milestone in the development of XCMG’s mining equipment industry, but also an important breakthrough in high-end mining equipment in China and the world.” It added that the truck is aimed at the “global high-end mining market” such… Read More Here
Mining industry needs to build a new pipeline of talent for the long term, says Komatsu CEO 4 Equipment & Technology International Mining technology 

Mining industry needs to build a new pipeline of talent for the long term, says Komatsu CEO

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Sustainability is the word keeping the mining industry on its toes, and striving to meet company-wide decarbonisation targets at the macro level and environmental, social and governance (ESG) goals on sites at the micro. Capping carbon emissions and adopting more sustainable mining methods has become a top priority for mining companies, from major to mid-tier to minor. MINING.com sat down with Jeff Dawes, of CEO Komatsu, one of the world’s biggest suppliers of industrial equipment to several industries to get his take on how OEMs are getting on the sustainability… Read More Here
Court orders South Africa government to clean up air in coal belt 5 Coal International 

Court orders South Africa government to clean up air in coal belt

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A South African court on Friday upheld a complaint by activists that poor air quality in the coal belt is a breach of constitutional rights, giving the environment minister a year to enforce a clean air plan. South Africa’s coal belt, east of the capital Pretoria and main city Johannesburg is home to an estimated 3.6 million people, as well as a dozen Eskom coal-fired power stations and some Sasol petrochemicals plants. Activists, scientists and doctors, as well as a United Nations human rights expert have argued that the epidemic… Read More Here
Barrick Expands Global Footprint in Hunt for High-Quality Assets 6 International Gold Mining Companies 

Barrick Expands Global Footprint in Hunt for High-Quality Assets

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Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is continuing to invest in its future through the development of capital projects that will expand and enhance an operating platform which already holds some of the industry’s best assets, says president and chief executive Mark Bristow. Writing in the company’s  2021 annual report published today, Bristow says that, while building on this value foundation, Barrick was also expanding its presence into new prospective areas in its hunt for high-quality assets. “A specialist Asia-Pacific team, set up to look at opportunities in that region, has acquired… Read More Here
World: Ukraine-Russia war, four products exported by the two countries should experience a price increase 7 International Energy 

World: Ukraine-Russia war, four products exported by the two countries should experience a price increase

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With the Russian invasion in Ukraine, the various commodity markets around the world were shaken. According to several analysts, commodity prices also rose due to supply disruptions caused by the Russian invasion. A situation that has blocked the flow of grain and metals from the region. Given the strategic role that Russia and Ukraine play in international commodity markets, both are major exporters of commodities such as wheat and grains, petroleum, natural gas, coal, gold and other precious metals. Below are the main export products from Ukraine and Russia whose distribution… Read More Here
DRA Water appointed by Seriti Power to develop a 2MLD Water Plant 8 International 

DRA Water appointed by Seriti Power to develop a 2MLD Water Plant

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In 2018, DRA Water was appointed by Seriti Power to develop a 2MLD high recovery mine water treatment plant for their Klipspruit Open Cast Operation in South Africa. The project scope included the design, fabrication, construction and commissioning of the 2MLD mine water treatment plant to meet the objectives set by the client. DRA’s engineers developed a two-stage membrane process with interstage solids conditioning to meet the stringent environmental discharge specification and achieved a water recovery of >98%. DRA has years of experience in developing high recovery solutions delivering great… Read More Here
DRC: SICOMINES SA applies the rules established for the Environment 9 Mining in DRC Mining Companies 

DRC: SICOMINES SA applies the rules established for the Environment

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The Sino-Congolese Mining Company (SICOMINES SA) is truly at the forefront of both in terms of mining.  The slayers of the flagship of Sino-Congolese cooperation thought they were hitting hard by looking for the little beast on the side of the Environment. Because in the management of human resources, just like in the techniques of production, they did not find faults. The latest attacks from a NGO HR declaring itself specialized in the protection of the exploitation of natural resources.  Already, it indicates in a document published under the title “LA… Read More Here
Raymond Tchedya: "out of the sum of 17 million USD paid by Kibali Gold Mines to SOKIMO, 7 million USD should be invested for the social of the workers" 10 Uncategorized 

Raymond Tchedya: “out of the sum of 17 million USD paid by Kibali Gold Mines to SOKIMO, 7 million USD should be invested for the social of the workers”

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The national deputy Raymond Tchedya, elected from the electoral district of Djugu in the province of Ituri, pleaded for a fair distribution of the fees paid by Kibali Gold Mines to SOKIMO. This parliamentarian suggests that out of the total sum of 17 million US dollars paid to the Kilomoto Mining Company (SOKIMO) as a dividend by Kibali Gold Mines, at least 7 million dollars should be oriented for the social welfare of SOKIMO staff. This position of Raymond Tchedya is also shared by some elected officials from the provinces… Read More Here

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