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Sibanye-Stillwater Resolves Illegal Sit-In at Kroondal Mine, Plans Employee Engagement

June 6, 2024June 6, 2024 Constance

Multinational mining and metals processing group Sibanye-Stillwater announced it will engage with employees and representative unions at its Kroondal mine following the end of an illegal underground sit-in at the Kwezi shaft. Sibanye confirmed that all employees involved in the sit-in had exited the Kwezi shaft and returned to the surface by mid-afternoon on Wednesday. The sit-in, which began on Monday, June 3, involved more than 200 employees. The protest was initiated due to grievances over the non-receipt of employee share option payments. However, the company clarified that Kroondal employees… Read More Here

Peru Authorizes Barrick Gold for Southern Border Mining Exploration

June 6, 2024June 6, 2024 Constance

Peru’s government has granted Barrick Gold permission to conduct mining explorations in the country’s southern border region, Prime Minister Gustavo Adrianzen announced on Wednesday. According to Peru’s constitution, foreign private investment within 50 km of the country’s border requires approval from the Cabinet of Ministers. “The expansion of our mining portfolio is essential, given that this activity drives the economic reactivation process,” Adrianzen stated during a press conference. Mining is a crucial component of Peru’s economy, accounting for 60% of the nation’s exports, primarily from the copper sector. The government… Read More Here

Uranium Exploration

Snow Lake Resources Launches 2024 Exploration Program at Engo Valley Uranium Project

June 6, 2024June 6, 2024 Constance

Snow Lake Resources has established a field camp at the Engo Valley Uranium Project, marking the start of its 2024 exploration program. The company recently entered into a binding letter of intent with Namibia Minerals and Investment Holding, a private British Columbia company, to acquire up to 85% of the project. Namibia Minerals and Investment Holding holds 100% of the rights, title, and interests in EPL-5887. Although the acquisition is still subject to customary closing conditions, Snow Lake has planned a multi-phase exploration program for 2024. Field crews began mobilizing… Read More Here

International Gold

B2Gold Announces Extensive Drilling Plan for Antelope Underground Project in 2024

June 6, 2024June 6, 2024 Constance

B2Gold plans to drill 39,000 meters at the Antelope underground project in 2024. The Antelope Deposit is located approximately 3 km south of the Phase 5 open pit at the Otjikoto Mine. In 2023, B2Gold completed 20,715 meters of drilling in 37 holes at the Antelope deposit, which includes the Springbok Zone, with intersections of 12.88 g/t Au over 7.60 meters, and the Oryx Zone, with 9.86 g/t Au over 7.48 meters. In January 2024, the company announced positive exploration results from the Antelope deposit, suggesting its potential for underground… Read More Here

Mining in Zambia Mining safety News in Brief

Four More Bodies Recovered from Sensele Mine Accident

June 5, 2024June 5, 2024 Constance

Tthe bodies of four miners have been retrieved from tunnels at Sensele Mine, in Chingola as the search continues for over 30 small-scale miners trapped underground since December 2023. Copperbelt Permanent Secretary Augustine Kasongo confirmed the recovery. The four bodies were removed from the same site where 13 bodies and one survivor were previously found. Mr. Kasongo expressed optimism that more bodies will be recovered from sites one and two. Preparations for a mass burial are underway as families work to identify the recovered bodies. SOURCE:znbc Read More Here

International Governance

Russia and Senegal Strengthen Ties with Economic Collaboration Plans

June 5, 2024June 5, 2024 Constance

Russia and Senegal, a West African country, have announced plans for deeper collaboration. In April, Russian Foreign Ministry spokesperson Maria Zakharova expressed confidence in Senegal’s newly elected president, Bassirou Diomaye Faye, affirming that Russia’s ties with Senegal would be reinforced during his administration. The Russian newspaper Sputnik recently interviewed Russian Ambassador to Senegal Dmitry Kurakov, who disclosed Russia’s intention to enhance its partnership with Senegal under President Bassirou Diomaye Faye’s leadership. “We are looking forward to establishing a joint commission on economic cooperation. Now, it all depends on the Senegalese… Read More Here

International Uranium

Russia Eyes Uranium Assets in Niger Amid Strengthening Ties with Military-Led Authorities

June 5, 2024June 5, 2024 Constance

Reports indicate that Russia is exploring the acquisition of uranium assets in Niger currently held by the French state-controlled company Orano SA, according to sources familiar with the matter. Rosatom, Russia’s state nuclear company, has engaged in discussions with Niger’s military-led authorities regarding the potential acquisition of assets owned by Orano SA, as revealed by a source in Moscow who requested anonymity, as reported by Bloomberg. A western diplomat based in the region suggested that the discussions likely involve mining permits. Niger accounted for approximately 4% of global uranium mine… Read More Here

Mining in Zambia Economy Governance

China Monitors Zambia’s Debt Restructuring, Pledges Continued Support

June 4, 2024June 4, 2024 Constance

China is closely monitoring negotiations surrounding Zambia’s debt restructuring and has reaffirmed its commitment to supporting the African nation. At a recent press conference in Beijing, Chinese Foreign Ministry spokesman Mao Ning emphasized China’s leading role in Zambia’s debt relief efforts. He noted that China was the first official creditor to offer debt relief and co-chaired the Committee of Official Creditors, which played a key role in achieving significant progress on restructuring Zambia’s debt. Mao Ning stated China’s intention to continue collaborating with relevant parties to monitor the progress of… Read More Here

International

Sibanye-Stillwater’s Cost-Cutting Measures to Save R6.6 Billion Annually

June 2, 2024June 2, 2024 Constance

Green metals and gold mining company Sibanye-Stillwater has implemented measures to address loss-making assets, which are expected to secure annual savings and capital expenditure deferrals of R6.6 billion, announced Chairperson Dr. Vincent Maphai at the company’s online AGM on Tuesday. The Johannesburg- and New York-listed platinum group metals major is focusing on strategic essentials, such as reducing operating and capital costs and improving efficiencies. While prepared for an extended period of low prices, the company remains optimistic about the outlook for its produced metals. Despite the low prices, Sibanye-Stillwater, which… Read More Here