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SANDVIK EQUIPMENT TENDER TO BOLSTER KAMOA-KAKULA COPPER OPERATION 1 Mining Equipment Contracts & tenders Mining in DRC Mining Supply Tenders 

SANDVIK EQUIPMENT TENDER TO BOLSTER KAMOA-KAKULA COPPER OPERATION

Constance
JMMC, a subsidiary of JCHX Mining Management Co., Ltd., has announced a significant collaboration with Sandvik Mining and Rock Solutions. The deal involves the procurement of 15 new units of underground equipment destined for the Kamoa-Kakula copper operation situated in the Democratic Republic of the Congo (DRC). The comprehensive order consists of eight Toro™ TH663i trucks, five Toro™ LH621i loaders, and two Sandvik DL432i longhole production drills. The deliveries are scheduled across the initial three quarters of 2024. This acquisition will notably expand the Sandvik mobile fleet, establishing a count… Read More Here
Glencore's Mutanda Mine Faces Cobalt Output Decline Due to Ore Depletion 2 Mining in DRC Battery Metals Cobalt 

Glencore’s Mutanda Mine Faces Cobalt Output Decline Due to Ore Depletion

Constance
Glencore’s Mutanda mine in Congo is confronting a significant reduction in cobalt production, projected to be up to 15% less per year, according to sources familiar with the situation. The decline in cobalt output at Mutanda is attributed to diminishing surface oxide ore deposits. To tackle this challenge, Glencore is exploring the necessity of investing in the extraction and processing of sulphide ores located deeper underground, as indicated by the sources. The London-based mining company is currently engaged in a comprehensive feasibility study aimed at evaluating the required investment and… Read More Here
FQM Mine Faces Shutdown in Panama After Ruling, Confirms President 3 International Copper 

FQM Mine Faces Shutdown in Panama After Ruling, Confirms President

Constance
Panama’s government said it will shut a $10 billion copper mine owned by First Quantum Minerals Ltd., damping hopes that the company might reach a new deal to keep operating after a supreme court ruling against it. Authorities will start “the transition process for the orderly and safe closure of the mine,” President Laurentino Cortizo said in a post on X Tuesday. He didn’t say how long the process might take. Production had already been halted after protesters blocked supplies from reaching the mine. The announcement caps a dramatic six… Read More Here
Panama’s top court rules FQM contract unconstitutional 4 Copper International 

Panama’s top court rules FQM contract unconstitutional

Constance
Panama’s Supreme Court ruled on Tuesday that First Quantum Minerals’ contract to operate its giant Cobre Panama copper mine, the only mining operation in the Central American country, is unconstitutional. Challenges against the contract, which would have allowed Cobre Panama to keep operating for the next 20 years, piled up in court following public protests against the deal inked in October by the government and First Quantum’s local subsidiary, Minera Panama. The court began deliberations on Friday and continued over the weekend. It announced a 12-hour break at the end… Read More Here
First Quantum Reports Fatalities at Kansanshi, Sentinel Operations 5 Mining in Zambia Copper Safety & Health 

First Quantum Reports Fatalities at Kansanshi, Sentinel Operations

Constance
It is with deep regret that First Quantum Minerals Ltd. announced the death of a team member from its contracting partner, Reliant Drilling, at the Company’s Kansanshi operation following a fall of ground at the underground dewatering decline on the evening of Thursday, November 23. In a separate incident on Friday, November 24, a contractor team-member from Omega Risk Solutions was tragically killed in a light vehicle accident when the car he was driving rolled at Sentinel. A passenger in the vehicle was also injured and is in a stable condition.… Read More Here
Nickel price hits two-year low 6 International Nickel 

Nickel price hits two-year low

Constance
Following international commodity market trends observed at the London Metal Exchange, it appears that nickel recorded a fall of 0.9% to trade at 16,405 US dollars per tonne – its lowest level since April 2021 – before to rebound to 16,405 US dollars, a drop of 0.2%. Experts say this is driven by ongoing concerns about oversupply putting pressure on the market. To this end, the most traded nickel contract in December on the Shanghai futures exchange closed down 3.2% at 127,720 yuan, equivalent to 17,711.58 US dollars per tonne.… Read More Here
Progress on TAZARA Corridor Deal Expected as Zambia Eyes Railway Expansion 7 Mining in Zambia Transport and Logistics 

Progress on TAZARA Corridor Deal Expected as Zambia Eyes Railway Expansion

Constance
The Zambian government anticipates finalizing a commercialization agreement for the TAZARA (Tanzania-Zambia Railway Authority) corridor by the second quarter of 2024, Transport Minister Frank Tayali revealed. A joint technical working group involving Zambia, Tanzania, and China is actively exploring avenues to advance this agreement, focusing on bolstering the corridor’s operations. Minister Tayali affirmed that both Tanzania and Zambia are aligned in welcoming China’s involvement in managing the TAZARA corridor. The recent discussions during President Hakainde Hichilema’s visit to China also encompassed strategies to enhance the corridor’s efficiency and commercial viability.… Read More Here
Mali and Russia Set to Establish West Africa's Largest Gold Refinery 8 Gold International 

Mali and Russia Set to Establish West Africa’s Largest Gold Refinery

Constance
Mali has announced a significant milestone in its economic partnership with Russia, revealing plans to construct a gold refinery in the capital city, Bamako. The deal, part of several bilateral agreements between the two nations, outlines the establishment of a refinery boasting an impressive 200-tonne annual capacity, positioning it as the largest of its kind in West Africa. The memorandum of understanding (MoU), while non-binding, signifies a promising collaboration between Bamako and Moscow. However, no specific timeline has been set for the refinery’s construction despite the four-year term outlined in… Read More Here
Bell Equipment Honors Top Performers and Celebrates Success at Annual Sales Conference 9 Mining Equipment Events & Expos Mining in Zambia 

Bell Equipment Honors Top Performers and Celebrates Success at Annual Sales Conference

Constance
Bell Equipment Sales South Africa (BESSA), together with Bell Zimbabwe and Bell Zambia, recently hosted their much-anticipated annual sales conference and awards ceremony in the picturesque setting of the KwaZulu-Natal Drakensberg. The gathering served as a platform to recognize achievements, with the Central region earning the prestigious title of “Region of the Year.” Additionally, accolades were bestowed upon exceptional performers across various categories, spotlighting outstanding sales achievements. The awards encompassed not only sales of equipment originally manufactured by Bell Equipment but also showcased the company’s partnerships with renowned original equipment… Read More Here
FQM plans to start arbitration against Panama – ministry 10 International Copper News in Brief 

FQM plans to start arbitration against Panama – ministry

Constance
Canada’s First Quantum sent two notifications of intent to start an arbitration process against Panama, the Central American country’s trade ministry said Sunday November 26, amid protests demanding the miner’s contract to run a key mine be scrapped. Panama’s top court started deliberations to rule on several constitutional challenges to First Quantum’s contract on Friday and is expected to issue a ruling in the coming days. SOURCE:mining.com Read More Here

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