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Rokbak puts sustainability at heart of new machinery 1 International Mining Equipment 

Rokbak puts sustainability at heart of new machinery

Constance
Rokbak, a manufacturer of off-highway articulated haulers that are used in mining, quarrying, and construction applications around the world, has said that its latest products are designed keeping sustainability in mind. The value of the new equipment is around US$9mn and will be completed through the company’s Namibian subsidiary, Trigon Namibia.  It will comprise the majority of the underground mining fleet on location ahead of production ramp up which is expected in April 2024.  The company said that it has a commitment to minimizing its ecological footprint and its sustainability goals showcase a… Read More Here
Cat delivers highly-durable wheel loader for enhanced operation 2 International Mining Equipment 

Cat delivers highly-durable wheel loader for enhanced operation

Constance
Cat has continued its dedication to delivering capable machinery to the world market with the release of the 988 GC Wheel Loader, designed specifically for quarry and mining applications. The latest loader has been produced to offer up to 5% less fuel consumption and up to 15% lower maintenance costs than the Cat 988K, with highly-durable structures built for multiple life cycles. Built on the common Cat Large Wheel Loader platform, its full box section rear frame resists torsional shock and twisting forces, while its front frame is redesigned to withstand… Read More Here
DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal 3 Mining in DRC Cobalt Gold Mining Policy 

DRC MP Alfred Maisha Raises Concerns Over Primera Gold Deal

Constance
The exorbitant advantages granted by the Democratic Republic of Congo’s government to “Primera,” a United Arab Emirates mining company, continue to stir reactions within the Congolese socio-political sphere nearly a year after the agreement’s signing. In response, National Deputy Alfred Maisha has submitted a written inquiry to the National Assembly, addressing three government members: Adèle Kayinda, Minister of State for the Portfolio; Antoinette N’Samba, Minister of Mines; and Nicolas Kazadi, Minister of Finance. Maisha, representing Bukavu, finds the advantages and monopoly granted to Primera unacceptable, as they undermine Congolese companies’… Read More Here
Thor Explorations reports good interim revenue, earnings performance 4 International Gold Mining revenue 

Thor Explorations reports good interim revenue, earnings performance

Constance
Gold miner Thor Explorations saw good developments across its Segilola gold mine, in Nigeria, and its mineral exploration properties located in Nigeria, Senegal and Burkina Faso for the three and six months to June 30, president and CEO Segun Lawson says. “Operations are performing well, with the processing plant still operating above nameplate design. The company posted strong revenues for half one of $81-million, with earnings before interest, taxes, depreciation and amortisation (Ebitda) of $35.1-million and a net profit of $12-million for the same period,” he points out. Gold production for the period totalled 23 078 oz. All main… Read More Here
Xtract to earn-in on two copper licenses in Zambia 5 Copper Exploration Mining in Zambia New Mining Projects 

Xtract to earn-in on two copper licenses in Zambia

Constance
London-listed Xtract Resources has entered into a joint venture (JV) agreement with Cooperlemon Consultancy to explore for copper on two large-scale licences in the northwest of Zambia. The two exploration licences are located within the Western Foreland geological district that hosts the prolific Kamoa-Kakula deposit and the Central Fold, as well as the Thrust Belt, which all have acute competition for exploration licences. The two licences in question cover a combined 107 000 ha and are believed to contain high-grade Kamoa-style mineralisation at depth and lower grade bulk tonnage closer to surface. Chairperson Colin Bird states that there may also be Kolwezi-style… Read More Here
Premier African Minerals Raises £4M for Zimbabwe’s Zulu Project Advancement 6 International Lithium 

Premier African Minerals Raises £4M for Zimbabwe’s Zulu Project Advancement

Constance
Aim-listed Premier African Minerals has announced a placing and subscription to raise £4-milllion before expenses for the ongoing Zulu lithium and tantalum project pilot optimisation, in Zimbabwe, where the company is targeting revenue-generating production by November. In particular, Premier anticipates using the proceeds to meet the costs associated with the interim mill installation and associated thickener that is expected to collectively increase production to about 50% of design capacity from October; ongoing pit development to clear the weathered zone; and general operational costs to cover the current interim period until the end of November. “Based… Read More Here
South Africa Signs Eight Deals to Revamp Electricity Network with China 7 International Electricity Energy 

South Africa Signs Eight Deals to Revamp Electricity Network with China

Constance
South Africa signed eight agreements with Chinese companies to strengthen its electricity system and address load shedding on the sidelines of the 15th BRICS Summit, currently taking place in Johannesburg, South Africa. The pacts will assist South Africa to expand electricity generation, transmission and distribution networks as well upgrade its nuclear facility, extend the life of coal plants, deploy technologies to reduce emissions and build solar PV manufacturing facilities. The agreements were signed by Kgosientsho Ramokgopa, South Africa’s Minister in the Presidency for Electricity with Chinese entities including State Grid Corporation of China,… Read More Here
BRICS to Admit 6 New Members 8 International Economy 

BRICS to Admit 6 New Members

Constance
The BRICS economic coalition of emerging nations has announced that it will extend membership invitations to six nations including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE).  Announced during the final day of the 15th BRICS Summit in Johannesburg, South Africa on 24 August, the BRICS alliance – which is currently composed of Brazil, Russia, India, China, and South Africa – has sought to expand the group as part of efforts to reshape global governance into a more diverse and inclusive world order that benefits the Global… Read More Here
Sandvik invests in increased rock drill production in Tampere 9 International Mining Equipment 

Sandvik invests in increased rock drill production in Tampere

Constance
To strengthen its position as a leading mining rock drill manufacturer, Sandvik is investing SEK260 million to increase its rock drill production capacity in Tampere, Finland. The phased expansion will initially increase production capacity by 25%, with the potential to increase by a further 20%. “We see continuously increasing demand for our rock drills for surface and underground mining and civil engineering applications, driven both by aftermarket growth and drilling equipment sales,” said Petri Virrankoski, President of Sandvik Mining and Rock Solutions’ Surface Drilling Division. “This investment will strengthen our… Read More Here
DRC's Wealth of Mineral Resources Garners Worldwide Attention 10 Mining in DRC Cobalt 

DRC’s Wealth of Mineral Resources Garners Worldwide Attention

Constance
As the African continent gains prominence as a vital source of raw materials for the world, the Democratic Republic of the Congo (DRC) emerges as a key player in this evolving landscape. Despite its current status as one of the world’s poorest nations, the DRC holds substantial economic promise, with its rich resource base and strategic significance. Spanning as the second largest African nation, the DRC boasts abundant natural resources, including oil, coal, diamonds, cobalt, zinc, silver, and rare metals like tungsten. Impressively, the republic commands a 70% share in… Read More Here

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