Constance - Copperbelt Katanga Mining

Written by Constance

Barrick secures Kibali’s +10-year plan

February 1, 2023February 1, 2023 Constance

Barrick Gold Corporation – Africa’s largest gold mine, Kibali, is again on track to replace its reserves beyond the ounces depleted by mining in the previous year, while new growth opportunities will also support its +10-year business plan and its status as one of Barrick’s Tier One assets. Barrick president and chief executive Mark Bristow says that Kibali’s prolific KCD orebody was continuing to deliver additional value with current drilling focused on converting resources into reserves and exploring the lodes which are still open down plunge. In addition, the Mengu… Read More Here

Oil & Gas Mining in DRC

Climate Advocates Urge Pope to End Oil and Gas Development in DRC

February 1, 2023February 1, 2023 Constance

Climate activists are urging a halt to oil and gas exploration in the Democratic Republic of Congo and seeking the Pope’s support during his visit to the country. They are opposing activities in Virunga National Park, Africa’s oldest park, as well as government plans to auction oil blocks in sensitive areas. The activists believe that oil exploration poses serious risks to the environment, wildlife, and local communities. Pope Francis, who is known for advocating for environmental justice and calling for a transition to renewable energy, is on a four-day visit… Read More Here

Gold Mining in DRC Taxes

DRC Kibali Gold Mine Paid USD 1.2 Billion in Various Taxes and Royalties in 2022

January 31, 2023January 31, 2023 Constance

2022 has been a very positive year with strong quarter-on-quarter results for Kibali Gold Mine, one of the largest gold mines in Africa. During this year, the investment of Kibali Gold Mine in the Democratic Republic of Congo (DRC) exceeded the bar of 4.4 billion USD. And 1.2 billion USD was paid for various taxes and fees. This was announced by Mark Bristow, Chairman and CEO of Barrick Gold, during the 47th press conference held on Monday, January 30, 2023, in Kinshasa. According to him, nearly 2.4 billion USD was used to… Read More Here

Gold International

Barrick’s Loulo-Gounkoto Complex Continues to Deliver Value

January 31, 2023January 31, 2023 Constance

Seventeen years after it went into production, Barrick’s Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country. In 2022 it maintained its historically consistent performance by meeting its production guidance and solidified its long-term outlook and is expected to replace its mined ounces for the fourth successive year. The initial development of a third underground mine at Gounkoto was commissioned and is on track to start ore production from stopping in the second quarter of this year. Key geological structures within… Read More Here

Copper Mining in DRC

Ivanhoe Outlines Phase 3-4 Kamoa-Kakula Expansion

January 31, 2023January 31, 2023 Constance

Ivanhoe Mines has included its 2023 integrated development plan, including a prefeasibility study (PFS) for the Phase 3 and 4 expansions at its Kamoa-Kakula copper complex in the Democratic Republic of Congo. Also included is a preliminary economic assessment (PEA) for a life-of-mine extension. The complex produced 333,500 tonnes of copper in 2022, more than double its output a year earlier. The project is owned 39.6% by Ivanhoe, 39.6% by Zijin Mining, 0.8% by Crystal River Global, and the balance (20%) by the DRC government. When the Phase 3 expansion… Read More Here

Electricity Mining in Zambia

Itezhi Tezhi Hydropower Project (ITHP) Confirms Low Power Generation

January 30, 2023January 30, 2023 Constance

Itezhi Tezhi Hydro Project, capable of supplying 120MW of power to ZESCO, is currently generating only 80MW due to low water levels in the reservoir lake and river. This was confirmed in an interview by ITHP CEO Moses Mbuta, he stated that the company is unable to reach full capacity due to the varying water levels, and that increasing water levels in the future will increase power generation. Low rainfall has resulted in low water levels in major rivers where dams have been built, leading to decreased power generation across… Read More Here

Mining in Zambia Battery Metals

UN Experts To Intervene In Zambia’s Lead Pollution Case

January 30, 2023January 30, 2023 Constance

– A South African court has allowed a group of UN-appointed experts to intervene in a class action lawsuit against a mining company based in Zambia, the UN human rights office, OHCHR, reported on Thursday 26.01.2023. The lawsuit against mining giant Anglo American was filed on behalf of women and children in Zambia’s central Kabwe District, who are the alleged victims of lead poisoning. The UN experts – whose mandates cover issues such as toxic pollution and human rights, business and human rights, and discrimination against women and girls –… Read More Here

Energy International

Anglo American’s New LNG Vessel Loads first Iron Ore Cargo

January 30, 2023January 30, 2023 Constance

Anglo American’s newly launched LNG dual-fuelled Capesize+ vessel, the Ubuntu Harmony, has loaded its first cargo of iron ore from its Kumba operations in South Africa. The vessel is the first of ten LNG dual-fuelled new-build ships that Anglo American will introduce to its chartered fleet during the course of 2023 and 2024, delivering an estimated 35% reduction in CO2 emissions compared to ships fuelled by conventional marine oil fuel. The use of LNG will also lead to a significant reduction of nitrogen oxides and particulate matter from vessel exhausts,… Read More Here

Battery Metals International

First 1,000 Tonnes Of Lithium To Be Produced At Marula’s Blesberg Mine.

January 27, 2023January 27, 2023 Constance

Marula Mining, an African mining and development company, has announced the start of mineral processing at the Blesberg Lithium and Tantalum Mine in South Africa. The initial delivery of 1,000 tonnes of high-grade lithium ore is set to begin. The processing operations, which began in November 2022, are focused on reprocessing existing stockpiles to produce a commercial grade lithium ore of between 4.00% and 5.50% Li2O, and to remove the stockpiles to allow for drilling and feasibility study work to potentially establish a long-term lithium mining operation. And The CEO… Read More Here

Copper Cobalt International

Glencore Joins World’s First Battery Passport Pilot

January 27, 2023January 27, 2023 Constance

Global miner and commodity trader Glencore has now become part of the world’s first battery passport proof of concept launched by the Global Battery Alliance. “We spearheaded the first pilot passport leveraging the Resource platform in collaboration with Glencore’s Kamoto Copper Company SA, LG Energy Solution and Tesla,” Glencore stated in a media release. “As the world seeks to address climate change, minerals are set to play a pivotal role in decarbonizing energy consumption and mobility. At the same time, society’s expectations with respect to environmental and social performance of companies continue… Read More Here