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FQM Seeks Compensation from Panama Over Stranded Copper Stockpile 1 International Copper 

FQM Seeks Compensation from Panama Over Stranded Copper Stockpile

Constance
First Quantum Minerals is pursuing compensation from Panama for a stockpile of semi-processed copper ore stranded at its flagship Cobre Panama mine. The material, valued between $225 million and $340 million at current copper prices, has been idle for months while the Panamanian government assesses whether it was mined before or after the mine was ordered to close last year. The Canadian mining company has warned that the stockpile’s value could degrade over time and that leaving it idle poses environmental risks. First Quantum insists that Panama must either allow… Read More Here
Zambia's Ministry of Mines and Ivanhoe Forge Strategic MoU 2 Mining in Zambia Mining in DRC Partnership 

Zambia’s Ministry of Mines and Ivanhoe Forge Strategic MoU

Constance
The Zambian government has taken a major step to enhance its mining sector by signing a Memorandum of Understanding (MoU) with Ivanhoe Mines. The agreement, facilitated by the Ministry of Mines and Minerals Development, is designed to drive growth and development within the country’s vital mining industry. During the signing ceremony, Mines Minister Paul Kabuswe expressed optimism about the collaboration, emphasizing the potential benefits for Zambia’s mining sector. He praised Ivanhoe’s strong investment record across Africa, highlighting the company’s expertise as a valuable asset for Zambia’s mineral resource development. Hapenga… Read More Here
Zambia to Launch National Critical Minerals Strategy 3 Mining in Zambia Copper 

Zambia to Launch National Critical Minerals Strategy

Constance
The Zambian government will launch its National Critical Minerals Strategy on Thursday, August 29, aimed at preventing the export of raw minerals and promoting value addition. Mines and Mineral Development Minister Paul Kabuswe announced that the strategy will set regulations for mineral processing, ensuring value is added before export. The government also plans to increase mineral production to 3 million metric tons annually by 2031. Kabuswe’s remarks were delivered by Ministry of Mines Permanent Secretary Hapenga Kabeta at the 2024 Zambia Alternative Mining Indaba in Lusaka. Publish What You Pay… Read More Here
CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024 4 International Coltan 

CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024

Constance
China’s CMOC Group, the world’s largest cobalt producer, expects cobalt supply pressures to ease in the second half of 2024. Cobalt, essential in batteries and alloys, has seen prices plummet to near an eight-year low due to a surge in production outpacing demand, according to Fastmarkets data. CMOC forecasts that global supply growth will gradually stabilize. “Global cobalt resources are concentrated, and after the current supply surge, no significant new resources are expected for a long time,” CMOC stated while announcing a record first-half profit. “This should support medium- and… Read More Here
Mali's 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target 5 International Gold 

Mali’s 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target

Constance
Mali, one of Africa’s leading gold producers, is set to meet or surpass its 2024 industrial gold production forecast of 57.3 metric tons, according to the country’s Ministry of Mines. Gold output from major mining companies, including Barrick Gold, B2Gold, Resolute Mining, Allied Gold, and Endeavour Mining, reached 30.5 tons in the first half of the year, exceeding the initial forecast of 28.4 tons by 7.2%, as per ministry data provided to Reuters. While the 2024 forecast is 14% lower than the 66.5 tons produced in 2023, the country remains… Read More Here
DRC Govt Blocks Chemaf’s Sale of Copper and Cobalt Mines to China’s Norin Mining 6 Mining in DRC Cobalt Copper 

DRC Govt Blocks Chemaf’s Sale of Copper and Cobalt Mines to China’s Norin Mining

Constance
The government of the Democratic Republic of Congo (DRC) has opposed Chemaf SA’s plan to sell its copper and cobalt mines to China’s Norin Mining, according to a document reviewed by Reuters. In June, Chemaf, a long-time partner of commodities trader Trafigura, announced its agreement to sell its mining operations in the DRC to a subsidiary of China North Industries Corp (Norinco), a state-backed defense and industrial giant. The sale was driven by financial difficulties that had delayed the expansion of Chemaf’s Etoile and Mutoshi projects amid falling cobalt prices.… Read More Here
Sandvik to acquire Universal Field Robots 7 International Equipment & Technology Mergers & Acquisitions 

Sandvik to acquire Universal Field Robots

Constance
Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The acquisition will help to increase the addressable market… Read More Here
Hitachi introduces new-gen excavator, backhoe loader to Southern Africa 8 International Mining Equipment 

Hitachi introduces new-gen excavator, backhoe loader to Southern Africa

Constance
Japanese multinational Hitachi’s African business, Hitachi Construction Machinery Africa (HCAF), is making available to the Southern African market the Zaxis 7G Series excavator and the BX100 Shinrai-Power backhoe loader. These machines introduce higher efficiencies and increased safety for the mining and construction sectors, complementing its existing range of excavators, wheel loaders and rigid dump trucks in the region. HCAF sales and marketing director Riaan Carstens says the increasingly turbulent economic environment is putting more pressure on customers to remain competitive. The new product offerings, with their focus on high productivity… Read More Here
DGC Africa to Showcase Cutting-Edge Sustainable Solutions at Electra Mining 2024 9 Sponsored Content 

DGC Africa to Showcase Cutting-Edge Sustainable Solutions at Electra Mining 2024

Constance
Johannesburg, South Africa – September 2024 – DGC Africa, a leader in industrial services, will unveil innovative offerings at this year’s Electra Mining event, designed to enhance operational efficiency and drive sustainability across industries. The company’s focus on Wear Protection Solutions and Asset Integrity Management, in partnership with Enduraclad International (ECI) and EAMS Africa, underscores its commitment to providing cost-effective and environmentally responsible solutions.Advanced Wear Protection SolutionsDGC Africa, in collaboration with Enduraclad International (ECI), will introduce its cutting-edge Wear Protection Solutions. Engineered to extend equipment lifespan in high-wear environments, particularly… Read More Here
China to Assist Zambia in Resolving Power Deficit 10 Mining in Zambia Electricity 

China to Assist Zambia in Resolving Power Deficit

Constance
China is set to address Zambia’s power deficit caused by drought-induced hydropower generation shortfalls. Chinese Ambassador to Zambia, Han Jing, announced that during the Forum on China-Africa Cooperation (FOCAC) summit from September 4 to 6, 2024, a special Zambia Power Development Forum will be held in Beijing. The forum aims to explore solutions for Zambia’s persistent power shortages and will feature discussions among Chinese and Zambian stakeholders from the power and financial sectors. Ambassador Han highlighted that over the past 25 years, China has invested significantly in power infrastructure, including… Read More Here

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