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Three-Party Deal Tests World's Largest Battery-Electric Mining Truck in Australia 1 International Equipment & Technology Mining technology 

Three-Party Deal Tests World’s Largest Battery-Electric Mining Truck in Australia

Constance
A three-party agreement between AngloGold Ashanti, Barminco and Sandvik has resulted in Australia being the testing ground for Sandvik TH665B, the largest battery-electric underground mining truck. Western Australia’s Sunrise Dam mine is hosting the world-first trial as the Sandvik TH665B is put to work in Australian conditions. Under an agreement between mine owner AngloGold Ashanti, hard rock underground contract miner Barminco and Sandvik, the gold operation near Laverton began trialing the prototype 65-metric-ton Sandvik vehicle on September 14 – with the wider industry keeping a close eye on the results.… Read More Here
Founder and Former CEO of FQM Philip Pascall, Passes Away 2 Mining Personality Corporate News 

Founder and Former CEO of FQM Philip Pascall, Passes Away

Constance
Toronto-listed First Quantum Minerals announced the passing of its co-founder and former CEO, Philip Pascall, on Tuesday 19th September. Pascall passed away at his residence in Perth, Western Australia. Philip Pascall, a key figure in the mining industry, co-founded First Quantum in 1996 and served as its Chairperson from the company’s inception until 2022. Under his visionary leadership, he instilled an entrepreneurial and daring culture that propelled the company’s growth from a modest 10,000-ton tailings re-processor with the Bwana Mkubwa project in Zambia to one of the world’s leading copper… Read More Here
Gold Fields Set to Determine Future of Ghana Mine in Next Four Months 3 International Gold 

Gold Fields Set to Determine Future of Ghana Mine in Next Four Months

Constance
Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg. The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170 342 bullion ounces last year but expects output to drop to 120 000 to 130 000 ounces in 2023 as the asset… Read More Here
Zambia Revenue Authority Seizes Truck Carrying Lithium in Anti-Smuggling Operation 4 Mining in Zambia Battery Metals Lithium 

Zambia Revenue Authority Seizes Truck Carrying Lithium in Anti-Smuggling Operation

Constance
The Zambia Revenue Authority (ZRA) has taken action to intercept and seize a truck attempting to smuggle one of Zambia’s strategic minerals, Lithium, at the Kazungula One Stop Border Post (OSBP). This operation was conducted in cooperation with the Ministry of Mines and Minerals Development as part of ongoing efforts to combat illicit mineral exports. The incident unfolded when ZRA officials, working alongside Ministry of Mines and Minerals Development personnel, initiated an investigation into a group of exporters suspected of misclassifying valuable mineral products for export. Acting on a tip-off,… Read More Here
Ivanhoe Mines reports fatality at the Kamoa-Kakula Copper Complex 5 Mining in DRC Copper Mining safety 

Ivanhoe Mines reports fatality at the Kamoa-Kakula Copper Complex

Constance
KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – In a somber turn of events, Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) recently announced a tragic incident that unfolded at the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The mining community and the world were left in shock when news broke of a fatal accident occurring underground at the Kakula mine, claiming the life of Mr. Mick Ilunga, a contractor drill rig operator. Another contractor drill rig operator was also injured but is fortunately receiving medical treatment for non-life-threatening injuries. This… Read More Here
B2Gold buys AngloGold’s stake in Colombia project 6 International Gold 

B2Gold buys AngloGold’s stake in Colombia project

Constance
Gold mining major AngloGold Ashanti is exiting the Gramalote project, in Colombia, with joint venture (JV) partner B2Gold buying its 50% interest in the project for up to $60-million. The agreement follows a joint sales process by B2Gold and AngloGold for their combined interests in Gramalote that failed to yield an offer from a third party that was acceptable to either company. The project was put up for sale after an optimized feasibility study did not deliver results that met either company’s investment threshold for development. Gold mining major AngloGold… Read More Here
Gemfields Generates $25.5 Million in Revenue from Latest Kagem Mine Emerald Auction 7 Mining in Zambia Mining revenue Precious Stones 

Gemfields Generates $25.5 Million in Revenue from Latest Kagem Mine Emerald Auction

Constance
Gemstone producer Gemfields has reported earnings of $25.5 million from its recent auction of commercial-quality rough emeralds sourced from the Kagem mine in Zambia. All 43 lots offered at the auction were successfully sold, achieving an average price of $7.51 per carat. Adrian Banks, Gemfields’ Managing Director of Product and Sales, expressed satisfaction with the auction results, emphasizing the continued strength of the emerald market. He also wished success to their auction partners during the ongoing tradeshow season. Banks stated, “Due to the recent decrease in both the quality and… Read More Here
DRC Prime Minister presents 2024 Budget of 40.5 Trillion CDF to National Assembly 8 Mining in DRC Economy 

DRC Prime Minister presents 2024 Budget of 40.5 Trillion CDF to National Assembly

Constance
On Friday, September 15, 2023, Congolese Prime Minister Jean-Michel Sama Lukonde presented the 2024 Draft Finance Law to the National Assembly, with an estimated budget of 40,463 billion Congolese Francs (CDF). This represents a 24.7% increase compared to the 2023 budget, which was estimated at 32,457 billion CDF. Since taking office in the Republic’s government under President Félix Tshisekedi’s leadership, Prime Minister Sama Lukonde has consistently adhered to the culture of excellence. This includes complying with Article 126, paragraph 3 of the DRC Constitution, which requires the submission of the… Read More Here
Human Rights Abuses in the DRC's Cobalt and Copper Mining Industry 9 Mining in DRC Cobalt Copper 

Human Rights Abuses in the DRC’s Cobalt and Copper Mining Industry

Constance
The Democratic Republic of the Congo (DRC) is known for its abundant reserves of cobalt and copper, crucial components for the production of rechargeable batteries that power our modern world, from electric vehicles to mobile phones. However, the expansion of industrial-scale mines in the DRC has come at a significant human cost, with entire communities facing forced eviction and rampant human rights abuses. A recent report by Amnesty International and the DRC-based organization Initiative pour la Bonne Gouvernance et les Droits Humains (IBGDH) titled “Powering Change or Business as Usual?”… Read More Here
EU Commissioner Reassures Investment in DRC's Critical Minerals 10 Mining in DRC Battery Metals Cobalt Copper Lithium 

EU Commissioner Reassures Investment in DRC’s Critical Minerals

Constance
During a meeting in Lubumbashi, Didier Reynders, the European Union Commissioner for Justice, conveyed strong support from European economic operators for investing in the development of critical minerals in the southeastern region of the DRC, as well as emphasizing the importance of addressing the social aspects of mining. Reynders explained, “The goal is to establish strategic partnerships in the mining sector for critical minerals, enabling European operators to actively engage in enhancing the social aspects of mining exploitation. We are committed to increasing the value of work in the mining… Read More Here

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