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Mining indaba2020 Events & Expos Covid-19 International 

Mining Indaba 2021 officially cancelled

arnbethnic
The 2021 edition of Investing in African Mining Indaba has been cancelled due to the ongoing uncertainty caused by COVID-19. The event will now take place on 7-10 February 2022. For the last 27 years, Investing in African Mining Indaba has been about bringing the global mining community together and delivering world-class, face-to-face events. “Unfortunately, after discussions with our partners in South Africa and key stakeholders in the mining industry, we have made the difficult decision to cancel the 2021 edition of Mining Indaba,” explains Fred Noce, Director of Sales.… Read More Here
First Quantum Mining in Zambia Economy 

First Quantum Minerals sees no negative impact from potential Zambia’s debt default – CFO

arnbethnic
Kansanshi copper mine in Zambia’s North-Western Province, owned by Canada’s First Quantum and Zambia’s ZCCM Investments Holdings Plc. Photo by ZCCM. Canadian copper miner First Quantum Minerals sees no negative impact on its operations from a potential default in Zambia, its chief financial officer said on Thursday. Zambia – one of the world’s top copper producers – was struggling with its ballooning debt before the coronavirus pandemic roiled global markets and looks headed for a messy and protracted default. The government said this week it has reached a deal to… Read More Here
Anglo American CEO MARK-Cutifani Mining in Zambia Mine Safety Safety & Health 

Anglo American CEO says not responsible for lead poisoning in Zambia

arnbethnic
Anglo American CEO Mark Cutifani said on Friday the company was not responsible for lead poisoning in Zambia at a lead mine it part-owned nearly 50 years ago and planned to defend itself after a class action was filed against the miner over allegations of negligence. “We intend to defend out position as we don’t believe Anglo American is responsible for the current situation,” said Cutifani said during the presentation of a company sustainability report. South African law firm Mbuyisa Moleele and UK-based Leigh Day filed the class action suit last week… Read More Here
Redpath Mining Mining Supply Tenders Mining in Zambia 

Redpath wins a De Beers contract in South Africa

arnbethnic
Redpath Australia and sister group Redpath Mining Africa have won a mining services contract for De Beers’ Venetia diamond operation in the Limpopo province of South Africa. Venetia underground is scheduled to begin production in 2022 and ramp up to full production in 2025 The work begins in February 2021 and involves Redpath bringing in maintenance, management and operational crews to create part of Venetia’s integrated operations team as the operation evolves from open-put to underground mining. The company did not indicate the length of the contract. De Beers’ Venetia is 500… Read More Here
Barrick Mining in DRC Gold Mining in Zambia 

Moody’s upgrades Barrick’s ratings

arnbethnic,
Barrick Gold has announced that Moody’s Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to Baa1 from Baa2, with a Stable outlook. Moody’s noted that Barrick’s liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility. Senior executive vice-president and chief financial officer Graham Shuttleworth said “this upgrade reflects the significant progress that Barrick has made in strengthening our balance sheet since the merger with Randgold. “The improvements that we’ve made to our operations combined with increased gold prices have led… Read More Here
digital Equipment & Technology Mining technology 

Digital transformation has potential to unlock billions in mining value

arnbethnic
South Africa boasts a few pockets of excellence in terms of digital transformation in the mining sector. Much more potential and value can still be unlocked, however, and the coronavirus pandemic could well turn out to be the catalyst for triggering large-scale digitalisation across the domestic industry. In fact, Accenture Africa Industry X MD Eric Croeser argues that the pandemic, and subsequent measures to mitigate its spread, has already prompted industries and businesses, including mining, to adopt digital technologies without an alternative. The mining industry’s ability to respond quickly superseded that of… Read More Here
Glencore Mining in DRC Coal 

Glencore lowers coal production guidance as strike at Cerrejón continues

arnbethnic
Multinational commodity company Glencore delivered a solid third-quarter operating performance, including the continued successful ramp-up of Katanga, in the Democratic Republic of Congo, which remains on track to achieve design capacity by year-end, CEO Ivan Glasenberg said on October 30. “Our teams have adapted well to the numerous challenges presented by Covid-19.ADVERTISEMENT “We maintain our 2020 full-year production guidance, except coal, which was adjusted for the extended strike at Cerrejón . We will provide a detailed business update, including progress on climate change initiatives at our investor update on December 4,” he notes. For coal, the company… Read More Here
Arc Minerals Fwiji New Mining Projects Copper Mining in Zambia 

Drill results confirm Fwiji as a major target, says Arc Minerals | Zambia

arnbethnic
Aim-listed Arc Minerals has announced the first set of assay results from the laboratory confirming the presence of near-surface copper mineralisation at the Fwiji prospect, in Zambia. The first Fwiji drill results have confirmed significant mineralisation, the company notes. High-grade sulphide mineralisation has been intersected. Arc noted good thicknesses and grades including the highest-ever 7% copper grade intersection. Visual appraisal of the subsequent holes has confirmed further mineralisation at Fwiji. “The initial drilling results at the Fwiji prospect have once again surpassed our expectations with evidence of significant sulphide and oxide mineralisation and, more importantly, showing… Read More Here
Lime Cement Limestone Mining in DRC 

Minister of Industry launches lime production at the Grande Cimenterie du Katanga in Likasi | DRC

arnbethnic
The Minister of Industry, Julien Paluku Kahongya, with his colleague from Mines, Willy Kitobo, has just launched, on Monday, October 26 in Likasi in the province of Haut-Katanga, the production of lime by the Grande Cimenterie Katanga (GCK) with a capacity of 300,000 tonnes per year. In his speech, Julien Paluku specified that the launch of this industry will enable the Republic to produce 300,000 tonnes of lime and 2,200,000 tonnes of cement per year. What to believe is part of the vision of the Head of State, Félix Tshisekedi,… Read More Here
Miba Mining in DRC Cobalt Diamond 

MP Éric Ngalula’s appeal for MIBA to take over its shares in the transformation of SACIM SARL into SA | DRC

arnbethnic
National deputy Éric Ngalula seeks the involvement of the President of the Republic, Félix-Antoine Tshisekedi Tshilombo, so that MIBA takes over its shares in the transformation of SACIM SARL into SA. He believes that doing so will translate fairness and justice for this mining company. He also criticizes the attitude of the authorities at the time, who were unable to protect the interests of the Bakuanga Mining (MIBA). “In 2010, at the time of the transformation of Sengamines into SACIM, those who were supposed to protect the interests of MIBA at… Read More Here

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