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Aerial Photo of Manono New Mining Projects Lithium Mining in DRC 

AVZ Minerals spends June quarter progressing Manono towards final investment decision

arnbethnic
Cashed up-advanced hard rock lithium explorer AVZ Minerals (ASX: AVZ) has reported an “extremely busy” June quarter including the unveiling of a “highly positive” definitive feasibility study for the flagship Manono lithium and tin project in the Democratic Republic of Congo.  This was followed by a $10.7 million placement to Yibin Tianyi in May – giving Yibin a 9% stake in AVZ.  The company also received $5.3 million (before costs) in May after Cannaccord Genuity (Australia) exercised more than 180.24 million options. AVZ used the funds to repay a US$1… Read More Here
Goviex Uranium Mining in Zambia Exploration New Mining Projects Uranium 

GoviEx Uranium completes C$5m private placement to fund exploration in Zambia, Niger and Mali

arnbethnic
TSX-V-listed GoviEx Uranium has closed the last tranche of a nonbrokered private placement offering of over 35.7-million units for gross proceeds of about C$5-million. The net proceeds from the private placement will be used to fund continued exploration and development activities on three company projects, Madaouela, in north central Niger; Mutanga, in Zambia and Falea, in Mali, and for general working capital purposes. In connection with the last tranche of the private placement, the arm’s length finder, Red Cloud Securities, will receive a cash commission of C$15 540 to acquire… Read More Here
Metso Outotec International Innovation Mineral Processing 

Metso Outotec wins US$27M Russia crusher contract

arnbethnic
 Mine engineering company Metso Outotec has won a €23 million (US$27 million) order to deliver two primary crushing stations for an unspecified mine located in the Russian Far East.  The capacity of its new MKlll crusher is 25% higher than the capacity of the previous generation. Mine engineering company Metso Outotec has won a €23 million (US$27 million) order to deliver two primary crushing stations for an unspecified mine located in the Russian Far East. The equipment, which is scheduled to be commissioned in 2023, includes two primary crushing stations with… Read More Here
Kamoa-Kakula Copper Mining in DRC New Mining Projects 

Kamoa-Kakula Copper Project kicking ahead of Schedule | DRC

arnbethnic
As Ivanhoe Mines continues its work on the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC), it confirmed the underground development is moving ahead of schedule and the mine could see first copper production earlier than planned.  According to company co-chair Robert Friedland, development has been wrapped up on more than 18.7 kilometres underground – or about 5.5km ahead of schedule. Crews recorded 1,635 metres in July alone, or 257m more than targeted for the month. In addition, at the mine’s high-capacity 2,000-tonne-per-hour ore conveyor system at the… Read More Here
The world’s best-performing gold stock that doesn’t operate any mines 1 Gold 

The world’s best-performing gold stock that doesn’t operate any mines

arnbethnic
The most successful way to be a gold producer may be to not operate any mines. At least, that’s the business model of DRDGold Ltd., the best-performing stock on the MSCI ACWI Select Gold Miners Investable Market Index this year. The company, which specializes in recovering gold from mine dumps in and around Johannesburg, has surged 271% in 2020, also making it the biggest gainer on South Africa’s FTSE/JSE Africa all share benchmark.  “Everybody is flocking to the arms of gold,” Niel Pretorius, chief executive officer of DRDGold, said in… Read More Here
ZRA Commissioner General Mining in Zambia Mining tax 

Mineral Royalty Taxes down 6%, says ZRA Commissioner General | Zambia

arnbethnic
ZAMBIA Revenue Authority (ZRA) Commissioner General Kingsley Chanda says the Chamber of Mines should not alarm the nation by issuing false statements on Mineral Royalty Tax (MRT) because there has only been a marginal reduction of six per cent this year.  And Chanda says the Authority will soon be launching tax payments on WhatsApp to make it easier for Zambians to pay taxes. Speaking when he officially opened the ZRA Service Centre at the ECL Shopping Mall in Kitwe, Thursday, Chanda announced that there was a reduction of six per… Read More Here
KCM Digital Justice DRC Energy Mining in Zambia 

Zambian Court denies KCM’s request for interim relief against CEC

arnbethnic
THE Kitwe High Court has refused to grant Konkola Copper Mines (KCM) an order of interim relief, pending arbitration, in which it sought to stop Copperbelt Energy Corporation (CEC) from restricting power supply to the mining company over the US $132 million debt owed to the power utility.   Kitwe High Court Judge Evaristo Pengele has dismissed the said application by KCM with costs, saying the mining company has not convinced the Court that there is a serious question to be heard and determined at arbitration. He added that it is… Read More Here
Nickel buyer Elon Musk Battery Metals Nickel 

Russians appeal to Elon Musk against Nornickel

arnbethnic
A group of indigenous people in Russia are asking Tesla’s Elon Musk to stop buying supplies from miner MMC Norilsk Nickel until the company compensates them for environmental damage to their ancestral lands.  “The lands of indigenous people appropriated by the company for industrial production now resemble a lunar landscape,” members of the Aborigen Forum network wrote in an open letter to Musk this week. “Traditional use of these lands is no longer possible.” The group is asking Nornickel to assess the damage from a massive fuel spill in the Arctic earlier this year, revise… Read More Here
Maptek Mining technology Innovation International 

Maptek releases Vulcan 2020 which includes Vulcan Drillhole Optimiser

arnbethnic
Enhanced geology integration and optimized mine design are at the heart of Maptek’s newly released Vulcan 2020, which also includes new and enhanced functions to aid mines to get the best results from data interaction.  The new software suite includes Vulcan Drillhole Optimiser, designed to help exploration projects and open-pit and underground operations to develop infill drilling plans to maximize resource recovery. “With Drillhole Optimiser, geologists can accurately assess multiple scenarios and budgets taking into account existing drilling, locations, and resource classifications,” Maptek said, which results in better orebody confidence… Read More Here
Jubilee Metals CEO discusses acquisition of large copper tailings resource in Zambia 4 New Mining Projects Mining in Zambia 

Jubilee Metals CEO discusses acquisition of large copper tailings resource in Zambia

arnbethnic
Jubilee Metals Group PLC’s (LON:JLP) Leon Coetzer speaks to Proactive London’s Andrew Scott after announcing they’ve secured the rights to around 150mln tonnes of copper tailings to be refined at its Sable refinery in Zambia. He says they’re aiming to increase the capacity of the refinery to over 25,000 tonnes of copper per year over time. Coetzer adds that the new project, which was acquired by entering a joint venture with the rights holder Star Tanganika Limited, has the potential to more than double its current earnings profile Read More Here

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