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Lucara Diamond Corp. Finds 692.3-Carat Diamond at Karowe Mine 1 Diamond International 

Lucara Diamond Corp. Finds 692.3-Carat Diamond at Karowe Mine

Constance
Lucara Diamond Corp. has recovered a 692.3-carat diamond from its Karowe mine in Botswana, the second massive rough from the deposit this month. The white, type IIa stone came from the EM/PK(S) unit in the south lobe, known for its large, high-quality rough, Lucara said on Monday 21st of August.  The miner found the diamond via its XRT unit, which uses X-ray technology to identify huge stones in large pieces of ore before they get broken up. The new discovery is the fourth diamond over 300 carats that Lucara has unearthed so… Read More Here
DRC: Fatal Landslide Claims Lives in Gold Mining Pit in South Kivu 2 Mining in DRC Gold Mining safety Safety & Health 

DRC: Fatal Landslide Claims Lives in Gold Mining Pit in South Kivu

Constance
Three people have lost their lives and two others have been severely injured in a landslide that occurred on Sunday, August 20th, in a gold mining pit in Kibe, Mwenga territory in South Kivu province. According to a civil society representative, the injured individuals have been transported to a hospital. “The victims were caught by a landslide while they were working in a gold mine pit. Alerted, the youth from Kibe came to the rescue and managed to save two severely injured people who were taken to the Kibe health… Read More Here
Chililabombwe's MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia's Mining Sector 3 Mining in Zambia Battery Metals Copper Equipment & Technology 

Chililabombwe’s MINGOMBA Mine Spurs Impressive Job Growth and Technological Advances in Zambia’s Mining Sector

Constance
The MINGOMBA Mine in Chililabombwe on the Copperbelt has achieved a significant milestone by generating a total of 250 job opportunities. KoBOLD Metals’ Chief Executive Officer and Co-founder, KURT HOUSE, has underscored the project’s prominence, hailing it as the most progressive endeavor in Zambia’s mining sector. Mr. HOUSE’s emphasis remains on the swift and responsible advancement of the mine. He elaborated that the investors are committed to expediting the mine’s development while adhering to sustainable practices. The abundance of valuable resources within the Zambian mine necessitates substantial investments to optimize… Read More Here
Zambia Govt Urges Mining Firms to Comply with New Environmental Regulations 4 Mining in Zambia Gold Mining safety Safety & Health 

Zambia Govt Urges Mining Firms to Comply with New Environmental Regulations

Constance
Zambia’s commitment to a greener future and environmental protection is now more apparent than ever, as the government urges mining companies to acquaint themselves with the forthcoming Environmental Protection Act. This proactive step is aimed at preventing any potential conflicts with the law once the act is implemented. Addressing the importance of the amended act, Collins Nzovu, the Minister of Green Economy and Environment, emphasized that the revised legislation holds significant repercussions for those found disregarding its provisions. Nzovu highlighted that while the government is enthusiastic about welcoming investments into… Read More Here
KoBold Metals' Project Poised to Boost Zambia's Growth and Global Sustainability 5 Mining in Zambia Battery Metals Cobalt Copper Economy Lithium 

KoBold Metals’ Project Poised to Boost Zambia’s Growth and Global Sustainability

Constance
In a recent interview, KoBold Metals’ co-founder and President Josh Goldman shed light on the significant contribution that KoBold’s project is set to make to Zambia’s economic growth and the global shift towards sustainable resource development. The conversation delved into Zambia’s mineral-rich landscape, its commitment to sustainable practices, and the unique opportunities that KoBold’s innovative technology presents. The transition to a low carbon economy hinges on critical metals like copper, cobalt, nickel, and lithium. These metals are essential for renewable energy technologies, electric vehicles, and other green innovations. Zambia, blessed… Read More Here
DRC Copper Sees Decline, Drops to $8.232 per Tonne During the Week of August 21-26, 2023 6 Mining in DRC Copper 

DRC Copper Sees Decline, Drops to $8.232 per Tonne During the Week of August 21-26, 2023

Constance
The main mining export products of the Democratic Republic of Congo show a downward trend during this week from August 21 to 26, 2023, inform the projections of the National Mercurial Commission). While all other DRC export products are down this week on the international market, only cobalt keeps its stable trend at 32,730 USD per ton. Copper fell this week to 8,232 USD per tonne against 8,417 USD per tonne last week, resulting in a negative price difference of 184 USD. Zinc is also down to 2,368 USD per… Read More Here
Brics bank strives to reduce reliance on the dollar 7 Economy International 

Brics bank strives to reduce reliance on the dollar

Constance
The development bank set up by the Brics nations plans to begin lending in the South African and Brazilian currencies as part of a plan to reduce reliance on the dollar and promote a more multipolar international financial system, according to its president. Dilma Rousseff, the former Brazilian leader who heads the New Development Bank, also said the Shanghai-based lender was considering applications for membership from about 15 countries and was likely to approve the admission of four or five. She declined to name the countries but said it was… Read More Here
Ivanhoe Mines Selects Lobito Corridor as Preferred Logistics Route 8 Mining in DRC Copper Transport and Logistics 

Ivanhoe Mines Selects Lobito Corridor as Preferred Logistics Route

Constance
Canadian mining firm Ivanhoe Mines’ subsidiary in the Democratic Republic of Congo (DRC), Kamoa Copper, has established a collaborative alliance with logistics enterprise Lobito Atlantic International Sarl. This strategic partnership aims to facilitate the transportation of copper concentrate extracted from the Kamoa-Kakula mine, situated in the DRC, through the Lobito Corridor. The focal point of this collaboration is the utilization of a 1,732 km railway line extending from Lobito in Angola to Kolwezi in the DRC. This railway route presents a cost-effective and practical means to convey essential minerals from… Read More Here
Anglogold Ashanti shareholders approve South Africa exit 9 International Gold 

Anglogold Ashanti shareholders approve South Africa exit

Constance
Anglogold Ashanti shareholders on Friday voted in favour of the miner’s plans to switch its primary listing from Johannesburg to New York, the company announced, clearing the way for its exit from South Africa. More than 98% of Anglogold shareholders approved the switch, exceeding the required majority of at least 75% at a virtual meeting held on Friday, the company said in a statement. The proposed reorganization also includes the relocation of Anglogold’s headquarters to London from Johannesburg. AngloGold, the forerunner of which was founded by industrialist Ernest Oppenheimer a… Read More Here
ZIHRM Raises Concerns Over Illegal HR Practices at Nkana Mining Company 10 Mining in Zambia Artisanal mining 

ZIHRM Raises Concerns Over Illegal HR Practices at Nkana Mining Company

Constance
The Zambia Institute of Human Resource Management (ZIHRM) has raised a serious issue regarding the actions of Nkana Mining and Minerals Processing Company, as they appear to have hired an unlicensed Human Resource Practitioner, which is against the law. The penalty for this offense amounts to approximately 150 thousand kwacha, a significant sum. President of the Institute, Kelvin Shamizhinga, has expressed his worry over the increasing number of Human Resource officers who are practicing without proper licenses, breaching regulations. Owen Chilala, the Registrar of the Institute, has emphasized the importance… Read More Here

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