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ICMM to create international standard for tailings dams 1 Copper Emeralds International Mine Safety 

ICMM to create international standard for tailings dams

arnbethnic
The International Council on Mining & Metals (ICMM) has announced that its governing council of 27 member CEOs will establish an independent panel of experts to develop an international standard for tailings facilities for its member companies According to ICMM, this standard will be informed by a review of current global best practices in the mining industry, and beyond. The standard is expected to create a step change for the industry in the safety and security of these facilities. The details of the standard will be defined through the review… Read More Here
Hydrogen fuel cell mining set to cut Amplats’ greenhouse gas emissions – Griffith 2 Energy 

Hydrogen fuel cell mining set to cut Amplats’ greenhouse gas emissions – Griffith

arnbethnic
JOHANNESBURG  – The introduction of hydrogen fuel cell mining in response to climate change is poised to cut the greenhouse gas emissions of platinum group metals (PGMs) mining company Anglo American Platinum (Amplats) by 30%. A large enabler of this significant reduction is the introduction of hydrogen fuel cell mining trucks, outgoing CEO Chris Griffith said on Monday at the company’s presentation of superlative 2019 results. (Also watch attached Creamer Media video.) “These trucks will use green hydrogen generated from solar photovoltaic farms and will have zero carbon emissions. We’re on track… Read More Here
Gold ore samples International Gold Mining Supply Tenders 

Egypt eyes gold rush with fresh exploration tender by March 2020

arnbethnic
CAIRO – Egypt will invite international gold-mining companies to take part in a new exploration tender after the North African country eased the rules to woo investors, according to a person familiar with the matter. The tender will be announced by early March, said the person, who asked not to be identified because the information isn’t public. Egypt, whose mineral wealth remains largely under-explored and undeveloped, is hoping that gold production can be a future source of growth for its economy, which is emerging from a sweeping International Monetary Fund-backed… Read More Here
Rio Tinto investing in 34 MW solar plant at Pilbara mine 3 Energy 

Rio Tinto investing in 34 MW solar plant at Pilbara mine

arnbethnic
Diversified mining company Rio Tinto is investing in its first company-owned solar facility, with about 100 000 solar panels set to supply electricity to its new Koodaideri mine in Australia’s Pilbara. The company is investing $98-million in a 34 MW solar photovoltaic (PV) plant, which is complemented by a 12 MWh battery energy storage system in Tom Price to help power its entire Pilbara power network. The PV plant is expected to supply all Koodaideri’s electricity demand during peak solar power generation times and about 65% of the mine’s average electricity… Read More Here
Budget deficit reflects mining decline in DRC 4 Copper Emeralds Mining in DRC 

Budget deficit reflects mining decline in DRC

arnbethnic
Macroeconomic researcher Fitch Solutions expects that the Congolese budget deficit will widen from an estimated 0.7% of gross domestic product in 2019 to 1.1% in 2020, owing to declining revenues from the mining sector. The Congolese mining sector has a major bearing on government revenues, accounting for about 36% of total government revenues in 2018. Fitch Solutions notes that, while tax revenue from the mining sector more than doubled in 2018, the sector is facing severe challenges in the coming quarters. In June 2019, mining revenues fell by 12% year-on-year… Read More Here
DRC signs an agreement to renovate the old Mpiana-Mwanga hydroelectric plant 5 Copper Emeralds Mining in DRC 

DRC signs an agreement to renovate the old Mpiana-Mwanga hydroelectric plant

arnbethnic
The government of the Democratic Republic of Congo has signed an agreement with AVZ Minerals to investigate a possible renovation of the old Mpiana-Mwanga hydroelectric plant. The Ministry of Hydraulic Resources and Energy made the announcement and said that the memorandum of understanding has paved way for carrying out feasibility studies. The plant is located 85 km from the Manono lithium and tin project. The Mpiana Mwanga Hydroelectric plant was originally established in 1993 to support a local tin mine but was later destroyed in 1982 after the mine was… Read More Here
Mining potential of DRC in focus next week in Cape Town 6 Mining in DRC 

Mining potential of DRC in focus next week in Cape Town

arnbethnic
The DRC’s Minister of Mines, the Honourable Prof Willy Kitobo Samsoni, will address the DRC Mining Investment Breakfast next week, Wednesday 5 February, in Cape Town. It will gather financiers, technology suppliers and successful mining operators who have been part of the sector in the DRC for many years, thanks to this country’s generous reserves of copper, gold, diamonds, cobalt, lithium and coltan amongst others.  The growing numbers of electric vehicles has also rapidly increased the demand for strategic battery metals. Also attending the Mining Investment Breakfast in Cape Town… Read More Here
Gold is poised to perform strongly in 2020 7 Gold International 

Gold is poised to perform strongly in 2020

arnbethnic
Gold is poised to perform strongly in 2020, with geopolitical risk set to remain elevated,  metals and mining research and consultancy group Wood Mackenzie said Tuesday.   Miners are set to enjoy bumper margins and the trade-off between investing for the long-term and returning money to shareholders will be acutely apparent.  It is crucial that miners capitalise on this moment in the spotlight to secure their long-term position within the industry, said Wood Mackenzie.   Rory Townsend, Wood Mackenzie’s Head of Gold, sees four key themes to watch in the global gold market in 2020?  1. Geopolitical risks are set to… Read More Here
DRC’s Kibali gold mine exceeds target | 2019 output 8 Gold Mining in DRC 

DRC’s Kibali gold mine exceeds target | 2019 output

arnbethnic
The Kibali mine in the Democratic Republic of Congo (DRC) far exceeded its production forecast of 750,000 ounces of gold in 2019, delivering 814,027 ounces in a record year, reported Canadian gold miner Barrick Gold .  CEO Mark Bristow, who was in Kinshasa on Monday, said the performance of Kibali, 45% owned, demonstrated how a modern top-level gold mine could be successfully developed and mined in one of the most important regions. the most remote places in the world, where the infrastructure was under-endowed. Already one of the most automated… Read More Here
LME Offers Recognition to Artisanal Mining but with Caution 9 Cobalt Copper Gold International Iron Precious Metals 

LME Offers Recognition to Artisanal Mining but with Caution

arnbethnic
Earlier last year, the London Metal Exchange announced plans to accept supplies from small-scale miners to ensure that those who rely on artisanal mining for a living can trade internationally. Some say this would help legitimize the troubled industry, while others believe it will lead to further illegal activities and human rights violations. Who is right? We’re examining. The London Metals Exchange’s (LME) new roadmap for responsible metal sourcing was released in October last year. Not only did she advocate transparency across the supply chain, she also confirmed that she… Read More Here

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