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Shanta Gold to acquire Barrick’s gold projects in Kenya 1 Gold 

Shanta Gold to acquire Barrick’s gold projects in Kenya

Copperbelt Katanga News
AIM-listed East Africa-focused gold producer Shanta Gold has entered into a definitive agreement to purchase 100% of the shares of Barrick’s subsidiary Acacia Exploration Kenya, or AEKL, from two subsidiaries of Barrick Gold Corporation. AEKL’s primary asset is a 100% participating interest in licences held by Afriore, which includes an existing high-grade resource. If the deal is approved, Barrick will become Shanta Gold’s fifth largest shareholder with a 6.4% interest in the company. Shanta will acquire the West Kenya project at a fully financed purchase price totaling US$7 million cash,… Read More Here
Gold Climbs After WHO Chief’s Stark ‘Tip of the Iceberg’ Warning 2 Gold International 

Gold Climbs After WHO Chief’s Stark ‘Tip of the Iceberg’ Warning

Copperbelt Katanga News
Gold climbed for a fourth day as investors weighed the unfolding coronavirus crisis, including a stark warning from the head of the World Health Organization about the potential for more cases beyond China and signs the disease is spreading in the key Asian trading hub of Singapore. Prices rose as the death toll from the outbreak topped 900 and WHO Director-General Tedros Adhanom Ghebreyesus voiced concern over the spread from people with no travel history to China. “we may only be seeing the tip of the iceberg.” In Singapore, there… Read More Here
Scientists propose framework to mitigate mining’s impact on climate change 3 Emeralds International 

Scientists propose framework to mitigate mining’s impact on climate change

Copperbelt Katanga News
The copper industry in Chile was used as a case study because fuel consumption increased by 130% and electricity consumption increased by 32% per unit of mined copper from 2001 to 2017, largely due to decreasing ore grade. A new framework that will allow mining companies to better monitor, gather and assess emissions data, as well as to identify measurement gaps and evaluate and apply mitigation strategies, is expected to help reduce the industry’s impact on climate change. Developed by researchers at the University of Queensland and presented in a paper in Nature… Read More Here
Key trends for aluminum in 2020 4 Aluminium International 

Key trends for aluminum in 2020

Copperbelt Katanga News
     China’s ability to absorb surplus, potential supply disruptions in the Middle East and the global energy transition are key to the outlook for aluminum in 2020, according to UK-based research and consultancy group Wood Mackenzie. Chinese capacity Wood Mackenzie forecasts more than 1 million tonnes of new aluminum smelter capacity to be added in 2020, with an estimated demand increase of only a third of that figure. While greenfield capacity commissioning and restarts will likely stay on target, high-cost smelters may buckle under the strain of low London… Read More Here
Metals prices rise in broad-based recovery fueled by better-than-expected economic data 6 Copper International 

Metals prices rise in broad-based recovery fueled by better-than-expected economic data

Copperbelt Katanga News
The broad-based rally across markets continues with investors focusing more on the improving economic data than they are on the uncertain economic impact of the Wuhan coronavirus. Claims by Chinese media that a treatment for the virus had been found fueled the rallies yesterday, but the World Health Organization talked down the news. Asian equity indices up either side of 2% this morning Copper price led the advance on LME and SHFE Metal markets concerned about supply disruption Base metals Three-month base metals prices on the London Metal Exchange were… Read More Here
Copper price & coronavirus: Don’t expect small SARS-like impact 8 Copper Emeralds International 

Copper price & coronavirus: Don’t expect small SARS-like impact

Copperbelt Katanga News
Downward spiral. Worker repairing machinery in Tangshan, Hebei Province, China. Image: junrong The copper price continued to recover on Thursday as investors bet on a quick bounce back in economic activity in China once the viral outbreak is brought under control. After bottoming on Monday below $2.50 a pound, the lowest since May 2017, copper has rebounded by more than 5% to trade as high as $2.6225 a pound ($5,780 a tonne) in New York on Thursday. In a note, Capital Economics says the gains may be speculative based on some investors’… Read More Here
Virus-hit China may need more imports of coal. The tricky part – shipping it 10 Coal Energy International 

Virus-hit China may need more imports of coal. The tricky part – shipping it

Copperbelt Katanga News
China’s domestic coal mines are struggling to ramp up production in the face of the ongoing coronavirus epidemic. That’s a situation that may seem positive for seaborne exporters, but in reality it may be challenging for miners to take advantage. While there may be increased demand for imported coal in China in coming weeks, the problem for major exporters such as Indonesia, Australia and the United States is going to be one of logistics. The coronavirus is starting to have an impact on supply chains and will make it more… Read More Here
Richard Musukwa Mining in Zambia 

LOCAL AND INTERNATIONAL INVESTORS TAKE KEEN INTEREST IN OPERATIONS OF CHAMBESHI METALS……

Copperbelt Katanga News
Government says a number of local and international investors have expressed interest in taking over operations of Chambeshi metals which was placed under care and maintenance. Mines Minister Richard Musukwa says the firm has since been directed to resume operations in the next three months. He was speaking in Johannesburg, South Africa , en-route to Cape town where is leading a team of officials from Zambia Revenue Authority, ZCCM- IH and Ministry of Mines to this year’s mining conference. Mr. Musukwa said government rejected the plan by the mining firm… Read More Here
Mining Investments in Zambia Should be Mutually Beneficial - Mines Minister 11 Mining in Zambia 

Mining Investments in Zambia Should be Mutually Beneficial – Mines Minister

Copperbelt Katanga News
…as He calls for the protection of people living in mining activity areas. Minister of Mines and Minerals Development Hon Richard Musukwa has called for mining investments to be mutually beneficial for Africans and Zambians in particular. Hon Musukwa notes that in as much as mining investors also want to make profit, there is need to ensure that there is a win-win situation for everyone being involved in the business. The Minister was speaking at the Africa Mining indaba in Cape Town South Africa during a panel discussion where various… Read More Here
Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution 12 Cobalt Emeralds Mining in DRC 

Decision Inc. transforms ERGA mining operations with D365FO Internal Stores Requisition Management solution

Copperbelt Katanga News
Microsoft partner Decision Inc. has implemented the Dynamics 365 Internal Stores Requisition Management (ISRM) solution at Eurasian Resources Group Africa (ERGA) to automate its inventory management and improve the operational efficiency of its mines throughout the continent. The Eurasian Resources Group (ERG) is a leading diversified natural resources group. ERG Africa (ERGA) operates all the assets of ERG assets in Africa. In the Democratic Republic of the Congo (DRC), ERGA mines cobalt and copper and produces cobalt hydroxide and copper concentrate. Apart from its core cobalt and copper business, the… Read More Here

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