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Impala stalls Zimbabwe platinum approach over ownership concern 1 Mining Companies 

Impala stalls Zimbabwe platinum approach over ownership concern

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Zimbabwe’s plan to develop one of the world’s biggest platinum mines stalled after Impala Platinum Holdings Ltd. asked for greater transparency on the ownership of a state-run company before considering a joint venture. Impala, the third-largest producer of platinum group metals, was approached by Great Dyke Investments Ltd. which owns the Darwendale project, said two people familiar with the talks who asked not to be identified because they aren’t public. It wants more information about the government’s Kuvimba Mining House Ltd., which is 35% owned by private shareholders the state… Read More Here
Sandvik outlines its emission-free mining journey at The Electric Mine 2022 2 International Equipment & Technology Mining technology 

Sandvik outlines its emission-free mining journey at The Electric Mine 2022

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Sandvik Mining and Rock Solutions President, Henrik Ager, got The Electric Mine 2022 Conference in Stockholm, Sweden, off to a bang earlier this month, with a major product reveal that will set a new benchmark in the battery-electric underground mining space. After reflecting on a journey that saw him escape a broken lift on his way to the Radisson Waterfront that morning, Ager announced the company would soon release the largest-capacity battery-electric truck for underground mining to the market, the TH665B. With a 65-t-payload capacity, this machine will be measured against the… Read More Here
Hexagon’s Mining division partners with Phoenix Drill Control on autonomous drill tech 3 International Equipment & Technology Mining technology 

Hexagon’s Mining division partners with Phoenix Drill Control on autonomous drill tech

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Hexagon’s Mining division has signed an exclusive partnership agreement with Phoenix Drill Control, a technology company specialised in implementing autonomous technology to the open-pit, blasthole drilling process. Applying artificial intelligence (AI) and machine control to drill automation, Phoenix Drill Control’s autonomous drill technology overcomes the constraints typically associated with traditional drill automation platforms, such as removal or replacement of existing machine controls, extensive operator training and reliance on operator input, according to Hexagon’s Mining division. AI algorithms monitor all input signals and take dynamic corrective action, without operator input and… Read More Here
Congo court appoints temporary administrator to run China Moly’s Tenke mine 4 Mining in DRC International 

Congo court appoints temporary administrator to run China Moly’s Tenke mine

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A court in Democratic Republic of Congo on Monday appointed a temporary administrator to run China Molybdenum’s Tenke Fungurume copper and cobalt mine at the request of state miner Gecamines, a minority shareholder in the project. The order from the Tribunal of Commerce in the southeastern city of Lubumbashi marks a significant development in a dispute that broke out last year between Congolese authorities and China Moly over reserve levels at the mine. Congo’s government announced in August it had formed a commission to reassess the reserves and resources at the… Read More Here
Kinross enters into agreement with Komatsu on zero emissions mining truck development 5 Equipment & Technology Mining technology 

Kinross enters into agreement with Komatsu on zero emissions mining truck development

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Canada-headquartered Kinross Gold Corporation recently announced details of its Climate Change Strategy and greenhouse gas (GHG) reduction action plan, which includes the company’s commitment to working towards the goals of the 2015 Paris Agreement. To tackle Scope 1 emissions, it includes entering into an agreement with Komatsu to take an active role in the development of a Zero Emission Haulage Solution, which will target the development of zero-emission haul trucks. Kinross is a major global gold mining company (production of 2.07 Moz in 2021 expected to rise to 2.65 Moz… Read More Here
Gold price swings as Ukraine crisis sharpens market divide 6 Gold International 

Gold price swings as Ukraine crisis sharpens market divide

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The crisis over Ukraine pushed gold to a one-year peak last week before a sharp reversal, and the price volatility widened a gulf between bulls and bears of the precious metal that has been growing for months. In one camp, banks such as Goldman Sachs see gold setting new highs as it becomes the “currency of last resort” in a time of high inflation and global uncertainty. In the other, the likes of UBS, who say rising interest rates across the globe will diminish the luster of an asset that produces no income… Read More Here
Haut-Katanga: Afrewatch calls on Chinese company to repair damage by toxic smoke and wastewater from its mining activities 10 Mining in DRC Environment Social Governance (ESG) Mining Chemicals 

Haut-Katanga: Afrewatch calls on Chinese company to repair damage by toxic smoke and wastewater from its mining activities

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The African Natural Resources Observatory (Afrewatch), a non-governmental organization for the promotion and protection of human rights, working for the responsible exploitation of natural resources, called, this Friday, February 25, during a press conference, in Lubumbashi, the mining company Congo DONGFANG (CDM) to repair the damage caused to three districts of the annexed commune. These are, according to this civil society NGO, the impacts resulting from the wastewater discharged from the factory of this mining company and the toxic smoke in these three districts, namely Kamisepe, Kasapa and Kamatete, located… Read More Here
South Kivu: four artisanal diggers died of asphyxiation in a mining square in Misisi 11 Mining in DRC 

South Kivu: four artisanal diggers died of asphyxiation in a mining square in Misisi

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Four artisanal diggers lost their lives last Saturday in a gold mining pit located in the mining square of Misisi, a locality in the Ngandja sector, in the territory of Fizi. According to local sources, these diggers died of asphyxiation. The bodies were pulled from the basement.  “Four artisanal miners lost their lives due to lack of oxygen following the sudden stoppage of the engine that supplied air to the well. This Sunday the bodies were pulled from the well and buried after authorization from the local authorities”, indicates Munga Norbert, the deputy… Read More Here

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