You are here

Written by 

Marie-Chantal Kaninda appointed as CEO of Glencore DRC subsidiary 1 Mining in DRC Mining Personality 

Marie-Chantal Kaninda appointed as CEO of Glencore DRC subsidiary

Constance
Marie-Chantal Kaninda has been appointed as the CEO of Glencore DRC, the Congolese subsidiary of the global commodity trading giant Glencore. Kaninda is considered one of the most powerful women on the continent, having worked in the mining industry for more than 25 years. She was chosen to lead the company at a crucial time when Glencore is trying to regain the trust of the Congolese government after being accused of corruption between 2007 and 2018. Kaninda’s appointment is seen as a sign that she has the experience and the… Read More Here
British billionaire with James Bond link boosts Orion Minerals 2 Copper International 

British billionaire with James Bond link boosts Orion Minerals

Constance
There are plenty of reasons for investors to avoid Orion Minerals (ASX: ORN), a copper hopeful which has essentially gone nowhere over the past 10 years, and a few important reasons to take a closer look at a company showing signs of stirring. Negatives include its focus on assets in South Africa, a country struggling to escape its history, including a peculiar trait of designing complex financial structures which can be impenetrable to an outsider. Australians of certain age are likely to see Orion, which is listed in Australia and South… Read More Here
Move more for less: the profitability-boosting benefits of the Volvo R60 rigid hauler 3 Mining Equipment 

Move more for less: the profitability-boosting benefits of the Volvo R60 rigid hauler

Constance
The Volvo R60 rigid hauler offers a higher payload, fuel efficiency, durability, operator comfort, and remote monitoring while contributing to speedy cycle times and a lower cost of ownership. Higher payload capacity and volume  With a payload of 55 tonnes and a 36 cu/m body volume, the Volvo R60 rigid hauler can transport more materials in each cycle, allowing mining and quarrying operations to be carried out faster and more efficiently. The V-shaped body minimizes carry-back and optimizes load retention, while the On-Board Weighing System provides real-time payload insights for… Read More Here
Ivanhoe Mines reports Q1 2023 finances and construction/exploration update 4 Copper Mining in DRC 

Ivanhoe Mines reports Q1 2023 finances and construction/exploration update

Constance
Kamoa-Kakula sold 86,777 tonnes of payable copper during the quarter and recognized record revenue of $689 million, as well as record EBITDA of $452 million ■ Ivanhoe Mines recorded Q1 2023 profit of $82 million, net of $31 million non-cash loss on the convertible bond fair valuation ■ Kamoa-Kakula produced 93,603 tonnes of copper in Q1 2023, including a record 34,915 tonnes of copper in March, following debottlenecking program completed ahead of schedule ■ Kamoa-Kakula’s quarterly cost of sales total $1.25 per lb. of payable copper; C1 cash costs of $1.42 per… Read More Here
Demand for Electric vehicles is booming globally, says IEA 5 International 

Demand for Electric vehicles is booming globally, says IEA

Constance
In its latest report, the International Energy Agency projected that EV sales are expected to leap by 35% this year, to reach 14 million . In an online press briefing launching the Global EV Outlook 2023 report, IEA’s executive director Fatih Birol said, “Of all car sales worldwide in 2019, only 2% were EV sales. In 2023, this number will grow to 18%.” Most of these sales are driven by China, with 60% of global electric car sales taking place there in 2022, Birol said. China is followed closely by Europe and the USA respectively. Birol added… Read More Here
From World-Class Asset Base, Barrick Hunts New Opportunities 7 Gold International 

From World-Class Asset Base, Barrick Hunts New Opportunities

Constance
The completion of major processing plant maintenance at Nevada Gold Mines, the conversion of the Goldstrike autoclave to a carbon-in-leach process, a much-improved performance from Turquoise Ridge and the steady ramp-up of throughput at Pueblo Viejo’s expanded plant will boost production in the second half of the year and keep Barrick on track to achieve its 2023 guidance, the company said today. Reporting on the results for the first quarter, president and chief executive Mark Bristow said production, while lower than Q4 2022, was on plan, and free cash flow1 had… Read More Here
Anglo American partners with World Vision in Zambia to improve access to education 8 Mining in Zambia Environment Social Governance (ESG) 

Anglo American partners with World Vision in Zambia to improve access to education

Constance
Anglo American Yesterday 2nd May launched a collaborative partnership with the global humanitarian organisation, World Vision, to help improve access to education for 160 high school-aged girls in the Lyovu rural district in Zambia’s North-Western Province, located near an area where Anglo American is conducting mineral exploration activities.“Supporting access to excellent education and training to the children in our host communities is an essential gateway to tertiary education and will ultimately help increase the employability of young people – and the opportunities available to them – throughout their lives. Partnering… Read More Here
Uganda's gold industry loses $160M due to tax dispute 9 Gold International 

Uganda’s gold industry loses $160M due to tax dispute

Constance
According to a report by the Ugandan Parliamentary Committee on Finance, Planning, and Economic Development, Uganda has lost out on Ush600 billion ($160.77 million) in uncollected tax from the export of gold goods since July 2021 because of a dispute with exporters and refiners over levies. Ruth Nankabirwa, Uganda’s Minister for Energy and Mineral Development, however, blamed the loss on a dispute between the Uganda Revenue Authority and more than 20 gold exporters and refiners in her response to the report to the House on Tuesday 2nd May. “From the… Read More Here
TotalEnergies may resume gas project in Mozambique 10 Oil & Gas International 

TotalEnergies may resume gas project in Mozambique

Constance
The conditions have been met to allow TotalEnergies to resume its natural gas exploration project in the country, suspended since 2021, following a major jihadist attack, Mozambican President Filipe Nyusi assured last week. At the end of March 2021, a coordinated attack on the coastal city of Palma forced the French group to suspend a €16.5 billion natural gas development project. Facilities still under construction on the Afungi peninsula were evacuated. “Cooperation and coordination with Total is very good. The working environment is conducive for the company to resume operations at… Read More Here

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

Copperbelt Katanga Mining will use the information you provide on this form to be in touch with you and to provide updates and marketing.