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EU Ambassador Urges Rwanda to Withdraw Troops from DRC 1 Mining in DRC Regional conflict 

EU Ambassador Urges Rwanda to Withdraw Troops from DRC

Constance
Nicolas Berlanga, the European Union Ambassador to the Democratic Republic of Congo (DRC), reiterated the EU’s condemnation of any support provided by Rwanda to the M23 rebels during Europe Day celebrations. Speaking to the press on May 9, Berlanga called for Rwandan troops to vacate Congolese territory. Expressing solidarity with the EU’s stance, Berlanga condemned the M23 offensive and Rwanda’s backing of the rebel group, stressing the imperative need for the withdrawal of Rwandan military forces from Congolese soil. Rejecting a military resolution to the conflict in eastern DRC, Berlanga… Read More Here
US Dollar to Lose Global Dominance with Emergence of 'BRICS Gold Crypto - Robert Kiyosaki 2 International Economy 

US Dollar to Lose Global Dominance with Emergence of ‘BRICS Gold Crypto – Robert Kiyosaki

Constance
Renowned financial investor and author of “Rich Dad Poor Dad,” Robert Kiyosaki, issued a stark warning during his visit to South Africa, suggesting that the US dollar’s status as the global reserve currency is under threat. According to Kiyosaki, the emergence of a new BRICS currency backed by gold could potentially trigger hyperinflation in the United States, leading to the downfall of the dollar. Kiyosaki emphasized the importance of diversifying investments into alternative assets like gold, silver, and Bitcoin (BTC) to safeguard against the impending crash of the US dollar.… Read More Here
Queensland Contemplates Glencore's Carbon Storage Plan Amid Environmental Concerns 3 International Environment Social Governance (ESG) 

Queensland Contemplates Glencore’s Carbon Storage Plan Amid Environmental Concerns

Constance
Australia’s Queensland state is poised to decide on Glencore’s proposal to bury liquefied carbon dioxide (CO2) in the country’s largest aquifer, a move contested by farm groups over concerns of water contamination. Glencore, aiming to contribute to global carbon capture and storage (CCS) efforts, plans a three-year, A$210-million pilot project to inject 330,000 metric tons of CO2 from a coal-fired power plant underground. While Glencore asserts the project’s safety, farm groups fear it could contaminate the Great Artesian Basin, a vital groundwater source for agriculture. Michael Guerin of AgForce farm… Read More Here
Austral Resources Emerges from Receivership with Glencore's Support 4 International Copper 

Austral Resources Emerges from Receivership with Glencore’s Support

Constance
Austral Resources, a copper producer, announced on Monday the conclusion of its receivership, with Glencore Australia stepping in as the senior secured creditor, acquiring the debt from Win Finance No 356 (Wingate). CEO Dan Jauncey expressed optimism about the company’s future, stating, “This is a very positive outcome for the company, it puts us back in a strong position to move forward.” Throughout the receivership period, Austral maintained its focus on production, with 810 tonnes of LME copper cathode inventory ready for sale on site. Operations, including haulage, crushing, and… Read More Here
Chile's Copper Output Dips in March, Codelco Records Decline 5 International Copper 

Chile’s Copper Output Dips in March, Codelco Records Decline

Constance
Data released by Chile’s copper commission Cochilco on Friday revealed a slight decrease in copper production in March, with a mixed performance among major mines in the country. While output at Codelco, the world’s leading copper supplier, declined by 10.1% to 107,300 tonnes, other key mines demonstrated varied trends. BHP’s Escondida mine, boasting the largest known copper deposit globally, recorded a 9.7% increase, reaching 101,400 tonnes. Conversely, production surged by 16.1% at the Collahuasi mine, jointly operated by Glencore and Anglo American, totaling 49,800 tonnes. Despite these fluctuations, Chile’s overall… Read More Here
Vedanta Engages Stakeholders for KCM Transition Updates in Kitwe 6 Mining in Zambia Copper 

Vedanta Engages Stakeholders for KCM Transition Updates in Kitwe

Constance
Vedanta Resources, a global mining firm, recently convened a significant engagement session with key stakeholders in Kitwe, Zambia. Led by Malcolm Mewett, the KCM Designate Chief Operating Officer, and Dr. Moses Banda, the Country Director for Vedanta Resources, the meeting aimed to update leaders from Mine Workers Unions and the Zambia Mine Suppliers Association on the ongoing transition process concerning Konkola Copper Mines (KCM). The discussions centered on various aspects, including updates on the creditors’ scheme of arrangement, progress on capital raising efforts, and the crucial issue of bridge financing.… Read More Here
Barrick Prioritizes Copper Expansion Amid Renewable Energy Transition 7 Copper Gold Mining in Zambia 

Barrick Prioritizes Copper Expansion Amid Renewable Energy Transition

Constance
The global copper industry has long grappled with underinvestment, hindering its ability to meet the rising demand driven by the worldwide transition to renewable energy. However, Barrick, recognized the critical importance of copper in the greening of the global grid and made its expansion a strategic priority following the merger with Randgold five years ago. Barrick’s thorough review of its global assets identified two significant opportunities: the Lumwana mine in Zambia and the dormant Reko Diq project in Pakistan. The Lumwana mine, once struggling, underwent a remarkable transformation under Barrick’s… Read More Here
China Boosts Coal and Gas Imports as Summer Approaches 8 International Coal 

China Boosts Coal and Gas Imports as Summer Approaches

Constance
China is capitalizing on lower international prices for coal and natural gas to bolster its stockpiles of power fuels in preparation for another hot summer. Gas imports surged by 21% through the end of April compared to the previous year, while coal purchases saw a 13% increase. This spike in coal imports defied expectations of a moderation from last year’s record-setting pace, despite domestic production experiencing its first quarterly drop since the third quarter of 2020. Coal miners are facing challenges such as heightened safety scrutiny following fatal accidents and… Read More Here
Anglo rejects BHP's revised £34bn proposal 9 International 

Anglo rejects BHP’s revised £34bn proposal

Constance
Diversified major Anglo American has rejected a revised proposal put forward by BHP, which valued the UK-headquartered miner at about £34-billion. Under the revised proposal, unveiled by BHP on Monday, Anglo shareholders would receive 0.8132 BHP shares for each ordinary share they own, as well as ordinary shares in Anglo American Platinum (Amplats) and Kumba Iron Ore, which would be demerged. The terms of the revised proposal represent a total value, based on undisturbed share prices, of about £27.53 per Anglo American ordinary share, including £4.86 in Amplats shares and… Read More Here
Anglo investors tell company to move faster to survive BHP bid 10 International 

Anglo investors tell company to move faster to survive BHP bid

Constance
Anglo American Plc’s shareholders are pushing the company to speed up the release of its turnaround plan as the 107-year-old miner seeks to present an alternative to BHP Group Ltd.’s takeover bid. Anglo has been reviewing its business since mid-2023, looking at every mine in its portfolio to help reshape a company that’s fallen behind competitors in recent years. Yet that process was broadsided by a takeover approach last month from the world’s biggest miner. Now, Anglo shareholders have been urging the company to expedite that analysis and explain to… Read More Here

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