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Twiga Transforms Tanzanian Mining, Sets Standard for Industry 1 International Gold Partnership 

Twiga Transforms Tanzanian Mining, Sets Standard for Industry

Constance
Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said yesterday July 10th. Briefing media at a mine visit, Bristow said in 2019 when Barrick took control over North Mara and Bulyanhulu — the mines that now form the Twiga complex — both were rundown and at a virtual standstill due to a deadlocked dispute between… Read More Here
Sandvik wins SEK 460 million mining equipment order in Australia 2 International Mining Equipment News in Brief 

Sandvik wins SEK 460 million mining equipment order in Australia

Constance
Sandvik has received a major order from a customer in Australia for the supply of underground mining equipment. The order includes Toro™ TH663i underground trucks, Toro™ LH517i and Toro™ LH621i underground loaders as well as a DD422i development drill rig with dual control. The order is valued at around SEK 460 million and was booked in the second quarter 2023. Delivery of the equipment is planned to begin in the third quarter 2023 and continue into the second quarter 2025. Read More Here
Sugilite: A Captivating Gemstone with Unique Properties 3 Mining in Zambia Precious Stones Rare Earth Minerals 

Sugilite: A Captivating Gemstone with Unique Properties

Constance
Sugilite is a rare pink to purple mineral discovered by Ken-ichi Sugi, a Japanese petrologist, in Japan in 1944. This cyclosilicate gemstone, known for its vivid purple color and rarity, has garnered immense interest among gem enthusiasts and collectors. Its distinct properties set it apart from other gemstones, such as amethyst, despite their similar appearances. When comparing sugilite and amethyst, one notable difference lies in their color variation. While both gemstones feature purple hues, sugilite tends to showcase a broader range of shades, including vibrant pinks and deeper purples. Amethyst,… Read More Here
Nuru Secures $40 Million Investment to Expand Project Portfolio in the DRC 4 Mining in DRC Electricity Energy 

Nuru Secures $40 Million Investment to Expand Project Portfolio in the DRC

Constance
Nuru will be able to continue developing its portfolio of projects in the Democratic Republic of Congo (DRC). The electricity access provider based in Goma in the province of North Kivu has closed its Series B financing round with an investment of $40 million. In addition to the International Finance Corporation (IFC) and Proparco, which announced their investments at the Summit for a New Global Financial Deal in Paris, the deal attracted several other investors. These include the Renewable Energy Performance Platform (REPP), the Global Energy Alliance for People and… Read More Here
The Benguela Railway: A Testimony of Friendship and Development 5 Transport and Logistics Angola Mining in DRC Mining in Zambia 

The Benguela Railway: A Testimony of Friendship and Development

Constance
In an extraordinary feat of engineering, the Benguela Railway in Angola stands as a testament to the power of collaboration and the determination to overcome monumental challenges. As the final piece of the east-west transcontinental link that connects the Indian and Atlantic oceans, this remarkable project, built by the China Railway 20 Bureau Group Corporation (CR20), has revolutionized regional connectivity and transformed the African rail network. With its immense socio-economic impact, the Benguela Railway is more than just a transportation artery; it symbolizes the enduring friendship between the peoples of… Read More Here
DRC to benefit as China curbs germanium exports 6 Mining in DRC 

DRC to benefit as China curbs germanium exports

Constance
China’s curbs on exports of germanium products will lift prices of the semiconductor material, Congolese state miner Gecamines said on Wednesday July 5th, creating more value for Democratic Republic of Congo as it readies a new unit to produce it. China on Monday 3rd July announced export restrictions on some gallium and germanium products, citing national security interests, alarming international companies in the semiconductor and defense industries. “We will produce germanium (to replace material) that’s unavailable for the market,” Gecamines’ chairperson Guy Robert Lukama told Reuters. Congo, already the world’s top cobalt supplier and Africa’s biggest copper producer, plans to… Read More Here
Successful Exploration Continues to Extend Tongon’s Life of Mine 7 Gold Exploration International 

Successful Exploration Continues to Extend Tongon’s Life of Mine

Constance
Originally scheduled for closure in 2020, the life of Barrick’s Tongon gold mine continues to be extended through successful exploration campaigns. Speaking at a media briefing on Wednesday July 5th general manager Hilaire Diarra said that since Tongon poured its first gold in 2010, the mine has contributed $2.2 billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers. “Extending its life will help ensure that Tongon is still able to share the value it creates with all its Ivorian stakeholders continuing… Read More Here
Great Future Beckons for Lumwana as Barrick Unlocks Potential 8 Mining in Zambia Copper Gold 

Great Future Beckons for Lumwana as Barrick Unlocks Potential

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s drive to transform the Lumwana copper mine into a Tier One1 asset with a life extending beyond 2060 is picking up speed with a strong performance in the past quarter adding impetus to its continuing production ramp-up. Briefing media at a site visit here today July 7th, Barrick president and chief executive Mark Bristow said the mine’s full potential was only now being revealed. Additional expansion opportunities, identified through an updated geological model, are currently being assessed, while drilling at the Kababisa prospect highlights potential… Read More Here
Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement 9 Mining in DRC Gold Hydro power plant 

Kibali Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement

Constance
Africa’s biggest gold mine, Kibali, stepped up production significantly in the past quarter as part of its planned ramp-up and is well on track to achieve its annual guidance. At the same time, successful exploration is expected to more than replace reserves depleted by mining again this year. Briefing media on Wednesday July 5th, Barrick president and chief executive Mark Bristow said the 10-year-old mine was now rolling out its business plan for the next decade, securing its status as one of the company’s elite portfolio of Tier One mines… Read More Here
Austral finds potential extra 10,000 tonnes of copper to replace mined ore at Anthill 10 International Copper 

Austral finds potential extra 10,000 tonnes of copper to replace mined ore at Anthill

Constance
Austral has released a concept mining study indicating that a further 10,000t of contained copper could be mined from its Anthill copper project in Queensland. This represents the addition of more than 20% of the produced copper oxide and sulphide to be mined from Anthill compared to the volumes estimated in the 2021 Feasibility Study and is due to a combination of higher copper prices and the addition of flotation to process high-calcium transitional and copper sulphide material. Importantly for Austral Resources (ASX:AR1), the increased copper inventory not only has the… Read More Here

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