You are here

Written by 

<a><strong>Eurasian Resources Group enters the Kingdom of Saudi Arabia, plans long-term investment</strong></a> 1 International 

Eurasian Resources Group enters the Kingdom of Saudi Arabia, plans long-term investment

Johannsen
Foundation for tech-enabled early-stage exploration, collaborative initiatives and local talent acquisition already in place. RIYADH (25 January 2023) – Following the World Economic Forum (WEF) held in Davos last week and the agreements achieved at the Future Minerals Forum in Saudi Arabia, Eurasian Resources Group (“ERG” or “The Group”) discloses its intention to invest in the Kingdom for the long term. A leading diversified natural resources group headquartered in Luxembourg, ERG plans to invest $50 million in the market, with the potential to grow this figure year-on-year. ERG’s market entry… Read More Here
Mining giant ‘turned blind eye’ to Zambia lead poisoning 2 Environment Social Governance (ESG) Mining in Zambia 

Mining giant ‘turned blind eye’ to Zambia lead poisoning

Johannsen
Plaintiffs argue that decades of mining have turned the Kabwe community into ‘one of the most polluted places in the world’. Mining giant Anglo American knew toxic fumes and dust from a Zambian lead mine were poisoning local women and children but it failed to address the issue, lawyers have told a South African court. Lawyers for the plaintiffs made their case on Friday before a Johannesburg court that is to decide whether to give the go-ahead to a class-action lawsuit against the British firm’s South African subsidiary. Anglo American… Read More Here
The race to make diesel engines run on hydrogen 3 Transport and Logistics International Technology & Innovation 

The race to make diesel engines run on hydrogen

Johannsen
It’s a new hydrogen-diesel hybrid engine affectionately known as “baby number two” that could help to decarbonise some of Australia’s heaviest industries. The test rig is large – it has its own room adjoining a lab and looks at first glance like many other large motors, but beneath its metallic skin could lie game-changing technology. Engineers at the University of New South Wales (UNSW) say they have successfully modified a conventional diesel engine to use a mix of hydrogen and a small amount of diesel, claiming their patented technology has cut carbon… Read More Here
Kamoa-Kakula Mining Complex produced 333,500 tonnes of copper in 2022 4 Mining in DRC Copper New Mining Projects 

Kamoa-Kakula Mining Complex produced 333,500 tonnes of copper in 2022

Johannsen
RIYADH, SAUDI ARABIA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today, ahead of the 2023 Future Minerals Forum at the King Abdulaziz International Conference Centre in Riyadh, Saudi Arabia, that the Kamoa-Kakula Mining Complex in the Democratic Republic of Congo (DRC) produced 333,497 tonnes of copper in concentrate in 2022, achieving the upper-end of the original 2022 production guidance range of 290,000 to 340,000 tonnes. Kamoa-Kakula’s 2022 production achievement represents a year-over-year increase of 215%. The 2023 annual production guidance for Kamoa-Kakula is estimated… Read More Here
MIBA recovery plan valued at USD 453 million, the DRC Portfolio Minister promises her involvement 5 Mining in DRC Diamond 

MIBA recovery plan valued at USD 453 million, the DRC Portfolio Minister promises her involvement

Johannsen
The Bakwanga mining company (MIBA) held a workshop in Kinshasa on Friday, January 6th to discuss its recovery plan. MIBA has been facing serious difficulties for the past two decades, with production coming to a halt in November 2008 and only resuming at a low level in 2011. The recovery plan, estimated at 453 million USD, is set to be implemented over the course of five years, and includes an investment plan of 161 million USD that will be carried out over three years. According to the participants of the… Read More Here
MIBA's Appalling collapse in diamond production, from 10 million carats in 1990 to around 40,000 carats in 2020 6 Diamond Mining in DRC 

MIBA’s Appalling collapse in diamond production, from 10 million carats in 1990 to around 40,000 carats in 2020

Johannsen
The Bakwanga mining company (MIBA), formerly a cornerstone of the Congolese economy, has seen a dramatic decline in production. In 1990, MIBA produced 9,556,436 carats, but by 2020, this number had fallen to just 38,788 carats. Additionally, the number of carats sold fell from 9,650,480 in 1990 to only 14,471 in 2020. This has led to a decrease in revenues from USD 102,573,220 in 1990 to just USD 480,000 in 2020. MIBA is also facing other challenges, including a steadily declining diamond turnover that made up only 3.94% of the… Read More Here
FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ 7 International Environment Social Governance (ESG) Press Release 

FIRST QUANTUM MINERALS PROVIDES UPDATE ON NEGOTIATIONS WITH REPUBLIC OF PANAMÁ

Johannsen
First Quantum Minerals Ltd. (“First Quantum” or “the Company”) (TSX: FM) issues the following statement today on the status of its negotiations with the Government of Panamá on a framework governing the operation of the Cobre Panamá mine by its subsidiary Minera Panamá, S.A. (“MPSA”). The Government of Panamá and MPSA were unable to reach an agreement by the December 14 deadline imposed by the government. The economic package MPSA has proposed would make Cobre Panamá one of the highest payers of royalties and taxes amongst the large copper producing… Read More Here
Panama’s Chamber of Commerce worried about government negotiations with First Quantum Minerals 8 International 

Panama’s Chamber of Commerce worried about government negotiations with First Quantum Minerals

Johannsen
Three days prior to the December 14 deadline for Canada’s First Quantum Minerals (TSX: FM) to ink a contract with the Panamanian government that would allow the company to keep running its Cobre Panamá copper mine, the country’s Chamber of Commerce issued a statement criticizing the way authorities have handled the deal. In the communiqué, the Chamber’s president Marcela Galindo De Obarrio expressed concern about the “erratic turn” the negotiations have taken.  According to Galindo De Obarrio, the government’s latest actions and requests have elicited more questions than answers regarding the future… Read More Here
Gemfield’s latest emerald auction included 37 kg “Kafubu Cluster” 25 Emeralds Mining in Zambia 

Gemfield’s latest emerald auction included 37 kg “Kafubu Cluster”

Johannsen
Gemfields has announced the results of an emerald auction comprising a series of five sequential mini auctions held during the period 30 October – 17 November 2022. The auction contained a selection of grades that are typically offered at Kagem Mining auctions of higher quality emeralds. In addition, the auction included a 37kg special interest piece called the “Kafubu Cluster”. The auction lots were made available for in-person and private viewings by customers in Bangkok. Following the viewings, the auctions took place via an online auction platform specifically adapted for… 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.