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Anglo American Weighs Options for Coal Business Sale Amid Mine Explosion Setback 1 International Coal 

Anglo American Weighs Options for Coal Business Sale Amid Mine Explosion Setback

Constance
Anglo American is exploring options to proceed with the sale of its coal business following an explosion at its flagship Australian mine. The company may consider selling individual assets or excluding the damaged operation from a potential deal. This sale is part of a significant restructuring program announced earlier this year by Anglo American as the London-based miner sought to fend off a takeover bid by larger rival BHP Group. The company also plans to spin off its platinum unit and either sell or separate diamond miner De Beers. Initially,… Read More Here
Glencore Halts Sale of Stake in Kazakh Mining Firm Kazzinc 2 International 

Glencore Halts Sale of Stake in Kazakh Mining Firm Kazzinc

Constance
Glencore has abandoned its plans to sell its stake in the Kazakh mining company Kazzinc after potential buyers failed to meet its valuation, according to sources familiar with the situation. Glencore, which holds a 70% stake in Kazzinc, had considered exiting the business amid interest from Chinese buyers. However, the company has now sent termination letters to the bidders, the sources said, requesting anonymity due to the private nature of the matter. A Glencore spokesperson declined to comment. Kazzinc operates a vast network of mines, concentrators, and metal finishing plants… Read More Here
ENGIE Energy Access Launches Construction of 15 Solar Mini-Grids in Zambia 3 Mining in Zambia Energy Green Energy 

ENGIE Energy Access Launches Construction of 15 Solar Mini-Grids in Zambia

Constance
ENGIE Energy Access, Africa’s leading provider of Pay-As-You-Go (PAYGO) and mini-grid solutions, has commenced the construction of 15 solar mini-grids in Zambia’s Eastern Province. This initiative is part of the transformative Increase Access to Electricity and Renewable Energy Production (IAEREP) program, supported by the 11th European Development Fund and the European Union. By expanding off-grid energy solutions in Zambia, ENGIE Energy Access aims to provide reliable electricity to underserved families and small businesses, fostering economic growth and enhancing socio-economic welfare in local communities. MySol Grid Zambia, a unit of ENGIE… Read More Here
Gecamines Opposes Chemaf Sale to Norin Mining, Citing Ownership Rights 4 Mining in DRC Cobalt Copper 

Gecamines Opposes Chemaf Sale to Norin Mining, Citing Ownership Rights

Constance
Gecamines, the Democratic Republic of Congo’s state-owned miner, announced its opposition to the sale of Chemaf Resources Ltd., backed by Trafigura Group, to China’s Norin Mining Ltd. Chemaf holds the lease for its flagship Mutoshi project from Gecamines, which asserted its right to reject the transfer of ownership in a statement on Monday. In response, Chemaf noted that the Congolese government had approved the transaction. Struggling with a downturn in cobalt prices, Chemaf has been searching for a buyer to help complete critical projects like Mutoshi. Last Thursday, Chemaf announced… Read More Here
FQM Sees 6% Surge on TSX Amid Panama's Cobre Panama Mine Audit 5 International Copper 

FQM Sees 6% Surge on TSX Amid Panama’s Cobre Panama Mine Audit

Constance
Shares of Canadian miner First Quantum Minerals surged 6% on the Toronto Stock Exchange early Tuesday, driven by news of Panama’s decision to conduct an environmental audit of the Cobre Panama mine to assess its potential reopening. President Jose Raul Mulino, who assumed office on Monday, announced the environmental audit in his inaugural address. “I will order a rigorous environmental audit of the mine, involving top international experts, to provide clarity on its current state,” President Mulino stated. He emphasized that the auditing costs will not burden the government. “The… Read More Here
Panama to review all information to make an informed First Quantum decision 6 International Copper News in Brief 

Panama to review all information to make an informed First Quantum decision

Constance
Panama’s government will review and analyze all the available information to make an “informed and responsible decision” regarding new President Jose Raul Mulino’s request for an environmental audit of Canadian miner First Quantum Minerals’ Cobre Panama mine. “In his message to the nation, President Mulino said he will order a strict environmental audit; So for our part, we are going to review and analyze all the information available to make informed and responsible decision,” Trade and Industry Minister Julio Molto told Reuters on Tuesday. SOURCE:mining.com Read More Here
Ivanhoe Mines Announces Results of Voting for the Election of Directors 7 International Mining Personality 

Ivanhoe Mines Announces Results of Voting for the Election of Directors

Constance
Vancouver, British Columbia – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) announced the results of voting by shareholders for the election of the Board of Directors during the company’s Annual General Meeting held earlier today. The nominees listed in the management proxy circular dated April 29, 2024, were elected as directors, as shown in the following table of results. Director nominee Outcome Votes for % for Votes withheld % withheld Robert M. Friedland Elected 1,108,010,331 97.95% 23,141,698 2.05% Weibao (Webber) Hao Elected 1,101,989,319 97.42% 29,162,710 2.58% Tadeu Carneiro Elected 1,093,406,066 96.66%… Read More Here
Liebherr and Fortescue announce partnership for development of Autonomous Haulage Solution 8 International Mining Equipment Partnership 

Liebherr and Fortescue announce partnership for development of Autonomous Haulage Solution

Constance
Building on the ongoing cooperative efforts between Liebherr and Fortescue, the two companies have announced that they will further combine their areas of expertise to develop and validate an Autonomous Haulage Solution (AHS). The AHS will be integrated with the zero emission haul trucks that the companies are currently co-developing, with the aim to be the first AHS operating zero emissions vehicles globally. In August 2023, Liebherr announced the deployment of a fleet of four T 264 autonomous trucks in Western Australia for onsite validation, which marked the next stage… Read More Here
ZCCM Investments Holdings Declares K243 Million Dividend for 2023 9 Mining in Zambia 

ZCCM Investments Holdings Declares K243 Million Dividend for 2023

Constance
ZCCM Investments Holdings Plc (ZCCM-IH) has announced a dividend of K243 million for the 2023 financial year, as approved by shareholders during the company’s 20th Annual General Meeting (AGM) held on Friday, June 28, 2024. Of this amount, ZMW187 million will be allocated to the Government of the Republic of Zambia, with ZMW146 million going to the Industrial Development Corporation and ZMW42 million to the Ministry of Finance and National Planning. The dividend approval follows a notable company profit of ZMW4.84 billion for the 2023 financial year, a 14% increase… Read More Here
Komatsu completes acquisition of GHH Group GmbH 10 International Equipment & Technology Mergers & Acquisitions Mining Equipment Press Release 

Komatsu completes acquisition of GHH Group GmbH

Constance
Komatsu has completed the acquisition of GHH Group GmbH (GHH), a manufacturer of underground mining, tunnelling and special civil engineering equipment headquartered in Gelsenkirchen, Germany. GHH’s wide range of equipment, focused on loaders (LHDs) and articulated dump trucks, will enhance Komatsu’s growing underground mining product offerings. This includes aftermarket parts and service support through the entire lifetime of the equipment. “The talented GHH staff are now part of Komatsu and our new combined team will work together to expand offerings and increase customer access to products in new territories,” said… Read More Here

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