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Billionaire miner Robert Friedland warns of a copper 'train wreck' as supply stalls 1 International Copper 

Billionaire miner Robert Friedland warns of a copper ‘train wreck’ as supply stalls

Constance
Copper is poised to follow other commodities upended by recent price surges as the mining industry struggles to expand ahead of accelerating demand, warns the man behind some of the world’s biggest mines. Demand for critical raw materials is set to jump as nations mandate clean energy and transport while clambering to develop their own supply chains. But a combination of factors suggests supply won’t keep pace, according to billionaire Robert Friedland. They include the fact that deposits are getting pricier and tricker to find and dig up, funding is scarce and societies have… Read More Here
Armed Robbers Steal Truck Loaded with 32.9 Tons of Copper Cathodes near Ndola Toll Plaza 2 Mining in Zambia Copper 

Armed Robbers Steal Truck Loaded with 32.9 Tons of Copper Cathodes near Ndola Toll Plaza

Constance
Armed robbers stole a truck laden with 32.9 tons of Copper cathodes valued at over 5.2 million Kwacha near the Michael Chilufya Sata Toll Plaza in Ndola. The Copperbelt Police Commissioner, PEACEWELL MWEEMBA, confirmed that the cathodes belonged to SICO Mining of Kolwezi, in the Democratic Republic of Congo, and were being delivered to Bill Trans, a company in Ndola. According to Mr. MWEEMBA, the incident occurred when the truck driver and his security escort parked off the road to check the tires, which were defective. It was at this… Read More Here
Eni Sells Congolese Oil Portfolio to Perenco in $300M Deal 3 Mining in DRC Oil & Gas Petroleum 

Eni Sells Congolese Oil Portfolio to Perenco in $300M Deal

Constance
Italian global oil and gas major Eni has announced the sale of its oil assets in the Republic of Congo to independent Anglo-French hydrocarbons firm Perenco in a $300 million deal. The oil assets include Eni’s operations and interest in various exploration and production permits in the central African country. The focus is on developing gas resources to ensure energy security, environmental sustainability, and global impact, according to a press release. The deal comes at a time when Eni is developing infrastructure for the Congo liquefied Natural Gas (LNG) project which… Read More Here
Bluebell Capital Partners asks Glencore board to replace CEO 4 International Mining Personality 

Bluebell Capital Partners asks Glencore board to replace CEO

Constance
Activist investor Bluebell Capital Partners issued a letter to the Glencore board on Wednesday asking them to remove chief executive Gary Nagle and commence the search for a new external CEO. Bluebell, which has not disclosed the size of its shareholding, started an activist campaign at Glencore in 2021, urging it to separate its thermal coal business and sell its agricultural business Viterra. During this year’s annual general meeting of Glencore, 99 percent of shareholders voted to re elect Nagle as the CEO. Source:mining.com Read More Here
Glencore Spotlights ESG and Gender Equality in Mining at DRC Conference 5 Mining in DRC Copper 

Glencore Spotlights ESG and Gender Equality in Mining at DRC Conference

Constance
Glencore is actively working towards increasing gender diversity in the mining sector and is implementing various strategies to achieve this goal. The company’s sustainability framework is built on four key pillars: health, safety, environment, and social performance, with a strong focus on human rights. Glencore is particularly proud of its partnership with Gécamines through the “Cahiers des Charges” of Kamoto Copper Company SA (KCC) and Mutanda Mining SARL (MUMI). With the DRC government holding a 5% stake in these ventures, Glencore expects its social investment in the DRC to surpass… Read More Here
Konkola Copper Mines to Repair Nchanga Smelter After Furnace Leak 6 Copper Mining in Zambia Mining safety 

Konkola Copper Mines to Repair Nchanga Smelter After Furnace Leak

Constance
Zambia’s renowned Konkola Copper Mines (KCM) has recently taken the decision to temporarily shut down its Nchanga smelter for a period of 21 days. The closure aims to facilitate essential repair work necessitated by a recent molten metal leakage from one of the furnaces, according to an official statement released by the company on Tuesday June 27th. Fortunately, the incident did not result in any loss of life or injuries, and KCM promptly reported the occurrence to the mine safety department, as per safety protocols. The upcoming shutdown period will… Read More Here
Making the most of mining data through AI 7 International Equipment & Technology Mining technology Technology & Innovation 

Making the most of mining data through AI

Constance
According to IMDEX experts, speaking at the World Mining Congress in Brisbane, Australia, artificial intelligence (AI) is a vital tool that can be used to transform the wealth of data in modern mining  into ore body knowledge that would enable resource companies to make better downstream decisions. Chairing a session on AI and rapid resource modelling, and in a separate presentation, Dave Lawie, chief geoscientist at IMDEX, said the Internet of geosensing – the network of cloud-connected tools and sensors gathering information across the mining operation – delivered a treasure trove… Read More Here
New Power Station to Boost Tanzania-Zambia Economic Ties 8 Mining in Zambia Partnership 

New Power Station to Boost Tanzania-Zambia Economic Ties

Constance
A $100 million energy facility will be built in Zambia by the liquefied petroleum gas (LPG) company Taifa Gas of Tanzania in partnership with the local business Delta Marimba. 24 months after receiving regulatory permits from the Zambian government, including the Environmental Impact Assessment, the factory, which will be located in northern Zambia, will begin producing. Taifa Gas says it will explore more LPG opportunities such as cooking gas. The LPG power station will contribute 100 megawatts to Zambia’s national grid once it is operating. According to Taifa Gas Executive… Read More Here
Zambia's Energy Regulation Board Explains Fuel Stock Outs 9 Mining in Zambia Oil & Gas Petroleum 

Zambia’s Energy Regulation Board Explains Fuel Stock Outs

Constance
The Energy Regulation Board -ERB- has attributed fuel outages at selected filling stations in the country to logistical challenges by Oil Marketing Companies -OMCs- that operate the retail sites. The ERB notes that it has received reports from OMCs who have had import challenges related to the scarcity of foreign exchange on the market coupled with the depreciation of the Kwacha against the dollar especially in the last six months. ERB Manager – Public Relations NAMUKOLO KASUMPA however says the situation is expected to improve as the Kwacha appreciates against… Read More Here
COMMUNITY SOLAR LIGHTING PROJECT 10 Sponsored Content 

COMMUNITY SOLAR LIGHTING PROJECT

Constance
BEKA Schréder has supplied the LED solar lighting highmast solution as part of a Seriti community solar lighting project to the Siyanqoba and Klarinet communities in Emalahleni, Mpumalanga province. This project was sponsored by Seriti’s Community Trust Fund, where Seriti is a broad-based, 91% black-owned and controlled South African mining company. The LED solar lighting highmast solution, the SOLARFLOOD, was chosen, so that the community has light even when there are power cuts, thus increasing safety and well-being for the community, and to prevent cable theft. LED Solar Lighting Highmast… Read More Here

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