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DRC President Emphasizes Global Cooperation for Mineral Resource Development 1 Mining in DRC 

DRC President Emphasizes Global Cooperation for Mineral Resource Development

Constance
During his address at the 78th ordinary session of the United Nations General Assembly, President Félix Tshisekedi of the Democratic Republic of Congo (DRC) underscored the significance of international collaboration for sustainable development and ecological transition. He also highlighted his nation’s abundant mineral resources. As the global demand for rare minerals like copper and cobalt surges to support the shift towards renewable energy and clean technology, the DRC has become a focal point of international attention. President Tshisekedi reaffirmed his country’s commitment to partnering with both public and private entities… Read More Here
Vedanta's Commitment to Engineering Standards Encouraged at KCM 2 Mining in Zambia Copper Mining Policy 

Vedanta’s Commitment to Engineering Standards Encouraged at KCM

Constance
The Engineering Institution of Zambia (EIZ) is optimistic that Vedanta Resources Limited will uphold the engineering standards established by the institution and adhere to ethical codes of conduct in all their engineering projects at Konkola Copper Mines (KCM). Ntalasha Mutale, EIZ Public Relations Manager, emphasizes that the institution will ensure Vedanta fulfills its obligations while maintaining ethical and professional conduct in its engineering endeavors, ensuring that the works delivered meet acceptable standards for the benefit of the Zambian people. Mutale further highlights the existence of engineering standards and a code… Read More Here
Bell Bolsters Focus on Advancing Underground Mining Equipment 3 International Mining Equipment 

Bell Bolsters Focus on Advancing Underground Mining Equipment

Constance
With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a producer of low-profile underground mining trucks as well as underground rockscalers, Bell is working strategically on complementing those products with a range of underground load, haul, dump (LHD) machines, the first of which is now completely designed for manufacture in Richards Bay, KwaZulu-Natal. “I’m excited to say we’ve started cutting steel, we’re starting to build the test unit. It’s going to go… Read More Here
Gemfields Anticipates Weaker Financial Performance in 2023 4 Mining in Zambia Precious Stones 

Gemfields Anticipates Weaker Financial Performance in 2023

Constance
Gemstone producer Gemfields has reported a solid financial performance in the first half of 2023, despite challenges on the horizon. CEO Sean Gilbertson expressed caution about replicating last year’s remarkable results due to the cancellation of the November auction. The cancellation was a result of lower-than-expected production from the Kagem emerald mine in Zambia, leading to the withdrawal of the higher-quality emerald auction scheduled for November. Gilbertson acknowledged this setback, stating, “This is understandably disappointing, but such periods have been seen in the past, and we always wish to ensure… Read More Here
DRC Seeks Hydropower Partners, Expands UAE Mining Investments 5 Mining in DRC Energy Hydro power plant 

DRC Seeks Hydropower Partners, Expands UAE Mining Investments

Constance
The Democratic Republic of Congo (DRC) continues its search for partners for the world’s largest hydropower project while anticipating increased mining investments from the United Arab Emirates (UAE) in preparation for December elections. Talks regarding the 44-GW Grand Inga project with Australian billionaire Andrew Forrest and his company, Fortescue Future Industries, have stalled. However, President Felix Tshisekedi revealed in New York that there is interest from other potential partners, including the World Bank, Chinese investors, Europeans, and possibly Fortescue. Tshisekedi aims to position the resource-rich country as an attractive destination… Read More Here
Sibanye-Stillwater considers South Africa gold operation restructure 6 Gold International 

Sibanye-Stillwater considers South Africa gold operation restructure

Constance
Precious metals mining company Sibanye-Stillwater is looking to restructure one of its gold operations in South Africa (SA) due to operational constraints and ongoing losses over an extended period. The move is expected to impact about 2,389 employees and 581 contractors at Kloof 4 shaft, which suspended operations on 1 August 2023 due to an incident that damaged infrastructure. Sibanye Stillwater now intends to start talks with organized labor and other affected stakeholders, regarding the possible restructuring. In a press statement, Sibanye Stillwater said: “The initiation of S189 consultations follows… Read More Here
Strategically Driven Barrick to Deliver Sustainably Profitable Growth 7 Gold International 

Strategically Driven Barrick to Deliver Sustainably Profitable Growth

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio,1 president and chief executive Mark Bristow told the Gold Forum Americas. Bristow said the clean energy transition is creating an unprecedented demand for metals and minerals but the market’s demand for instant gratification is driving M&A, which is not always conducive to investment in sustainable projects but rather the delivery of short-term returns. These growth projects are vital, not only for the resources needed for cleaner energy but for… Read More Here
DRC Minister of Mines Addresses SACIM's Diamond Marketing Challenges 8 Diamond Mining in DRC 

DRC Minister of Mines Addresses SACIM’s Diamond Marketing Challenges

Constance
In a correspondence submitted on Friday, September 15, the esteemed National Deputy Eric Ngalula Ilunga directed an oral question to Minister of Mines, Antoinette Nsamba. This query pertains to Minister Nsamba’s decree, number 00049/CABMIN/MINES/01/2022, dated February 22, 2022, which establishes regulations governing mineral tenders overseen by the CEEC (Congolese Extractive Industries Transparency Initiative) and its impact on SACIM (Ahnui Congo Mining Investment Company). According to Deputy Ngalula Ilunga, the root cause of SACIM’s current financial troubles, which have led to the inability to pay employee salaries, is the aforementioned ministerial… Read More Here
DRC Mining Firm Employs Over 3,000 Congolese 9 Mining in DRC Corporate social responsibility 

DRC Mining Firm Employs Over 3,000 Congolese

Constance
Mining Engineering Company received a visit, on Saturday September 16, 2023, from a ministerial delegation composed of the Deputy Prime Minister and Minister of the Interior, Peter Kazadi; Minister of Finance, Nicolas Kazadi; of Industry Julien Paluku; and that of Agriculture, José Mpanda. The delegation took stock of all the achievements of three component companies of this group which employs more than 3,000 Congolese in Greater Katanga. Indeed, Mining Engineering Company not only contributes to the development of Greater Katanga through taxation (taxes) but it contributes to reducing the unemployment rate. The group… Read More Here
MACA partners with Sandvik to replace surface fleet 10 International Mining Equipment 

MACA partners with Sandvik to replace surface fleet

Constance
eading Australian mining, civil and minerals processing contracting group MACA has selected Sandvik Mining and Rock Solutions to supply nine new surface drill rigs as a complete replacement for an aging mixed fleet at the Gruyere open pit gold mine in the Western Australian Goldfields, where it was recently awarded a five-year contract extension. The order, which was booked in Q2 2023, includes six Sandvik DR410i rotary blasthole drills, two Leopard™ DI650i down-the-hole (DTH) drill rigs and a Pantera™ DP1500i top hammer drill rig. Deliveries began in July and will… Read More Here

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