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Category: Corporate News

Mali Accuses Barrick Gold of Violating Agreement Amid Revenue Negotiations 1 Gold Corporate News International 

Mali Accuses Barrick Gold of Violating Agreement Amid Revenue Negotiations

Constance
Mali has accused Barrick Gold of failing to meet commitments made in a recent agreement. The Canadian mining company, which operates the Loulo-Gounkoto gold mines in Mali, denied any wrongdoing on Thursday. Barrick, the world’s second-largest gold miner, announced on September 30 that it had reached an agreement with Mali’s government to settle disputes over the Loulo and Gounkoto mines. This announcement followed the brief detention of four Malian employees by authorities. However, in a joint statement dated October 23, Mali’s economy and mines ministries claimed Barrick had not fulfilled… Read More Here
ERG Releases Sustainable Development Report for the year 2023 2 Corporate News 

ERG Releases Sustainable Development Report for the year 2023

Constance
Eurasian Resources Group (“ERG”, or “The Group”), a leading diversified natural resources group headquartered in Luxembourg, publishes its Sustainable Development Report for 2023. The report provides information about ERG’s key business development projects and sustainability achievements and explains how the Group is delivering value to society as a whole. The report also showcases ERG’s actions to drive value chain assurance and promote robust ESG standards, supporting responsible production of the critical minerals needed for the green energy transition. In 2023, ERG continued to demonstrate business resilience against a challenging geopolitical… Read More Here
Former Glencore Executives Await 2027 Trial for Bribery Charges 3 International Corporate News 

Former Glencore Executives Await 2027 Trial for Bribery Charges

Constance
A group of former Glencore executives accused of bribery and corruption in West Africa by UK authorities will have to wait until 2027 to stand trial. England’s criminal courts are currently facing a severe backlog of cases, worsened by years of underfunding, the COVID-19 pandemic, and lawyer strikes. On Wednesday, a judge at London’s Southwark Crown Court set a trial date for June 1, 2027, for the Serious Fraud Office’s case, which is anticipated to last up to six months. The accused include Alex Beard, the former head of oil… Read More Here
Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges 4 Mining in Zambia Corporate News Corporate social responsibility 

Makor Resources and Jubilee Metals Zambia Partner to Aid Farmers Amidst Drought Challenges

Constance
Mining services provider Makor Resources and Jubilee Metals Zambia have joined forces to support the Zambian government’s efforts in aiding subsistence farmers affected by a recent drought, which has severely impacted agriculture and food security across the country. Ndola District Commissioner Joseph Phiri, along with Makor Resources CEO Brooke Bibeault and Jubilee Metals Zambia MD Ricus Grimbeek, distributed Compound-D and Urea fertilizer, as well as drought-resistant maize seeds, to farmers in Ndola’s Munkulungwe ward. The event, hosted by the Bwana Mkubwa resettled families, was also attended by local leaders, including… Read More Here
Metalkol Enters Copper Mark for Sustainable Production in the DRC 5 Mining in DRC Cobalt Copper Corporate News 

Metalkol Enters Copper Mark for Sustainable Production in the DRC

Constance
Eurasian Resources Group’s (ERG) Metalkol operation in the Democratic Republic of Congo (DRC) has officially entered the Copper Mark assurance process, following a letter of commitment signed on September 12. The Copper Mark, an assurance framework launched in 2020, is aimed at promoting responsible mineral sourcing and production across the copper, nickel, molybdenum, and zinc value chains. The assurance process is voluntary, transparent, and independent, involving third-party assessments by approved assessors. These evaluations will verify whether Metalkol meets the stringent requirements for responsible production practices. By participating in this process,… Read More Here
Mopani Copper Mines Aims to Become Global Leader with New Vision and Strategy 6 Mining in Zambia Copper Corporate News New Mining Projects 

Mopani Copper Mines Aims to Become Global Leader with New Vision and Strategy

Constance
Mopani Copper Mines PLC has unveiled a bold new corporate vision, targeting to become a global leader in the copper production and mining value chain. The updated vision, “To become a world champion mine through BEST values,” replaces the previous goal of being a “world-class mining operation.” This shift reflects the company’s evolving strategic ambitions under the leadership of its new majority shareholders, International Resources Holding (IRH), who have set a target to increase copper production from the current 65,000 tonnes to 225,000 tonnes annually within the next four years.… Read More Here
DRC Minister of Mines, H.E. Mr Kizito Pakabomba, visits Metalkol SA 7 Mining in DRC Cobalt Corporate News 

DRC Minister of Mines, H.E. Mr Kizito Pakabomba, visits Metalkol SA

Constance
On Saturday, 17 August 2024, Eurasian Resources Group in Africa (ERG Africa) had the honour of welcoming His Excellency (H.E), Mr Kizito Pakabomba, the National Minister of Mines of the Democratic Republic of Congo (DRC), to its Metalkol SA operation in the province of Lualaba for an official visit that marks the strengthening of a shared and promising vision for the sustainable development of the mining sector at national and international levels. As part of his tour of the Greater Katanga region, the Minister of Mines, H.E. Mr Kizito Pakabomba,… Read More Here
Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million 8 International Corporate News 

Vedanta to Sell 3.3% Stake in Hindustan Zinc for Over $950 Million

Constance
Indian mining giant Vedanta has announced plans to sell a 3.3% stake in its subsidiary Hindustan Zinc, exceeding the 2.6% stake it initially intended to divest. The sale involves 140 million Hindustan Zinc shares, valued at approximately ₹80.05 billion ($954 million) based on the company’s closing stock price of ₹571.75 on Wednesday. The share sale is scheduled for August 16 and 19, with a floor price set at ₹486 per share, according to a BSE circular. Following the announcement, Hindustan Zinc’s stock dropped 1.4%. Vedanta’s decision to increase the stake… Read More Here
Building energy reliability for the mining industry 9 Corporate News Energy 

Building energy reliability for the mining industry

arnbethnic
The mining sector faces considerable headwinds across the faltering global and local economies, geopolitical complexity, and power instability. Energy supply shortages are affecting mining organisations – the sector has had to navigate soaring costs, increasingly demanding sustainability regulations, and unreliable power supply while dealing with mercurial markets and fluctuating economies. They need an integrated energy approach that leverages natural and available resources in a solid and well-structured ecosystem which is cost-effective, reliable, and sustainable. Protecting this asset from the vagaries of an unreliable energy supply is crucial. And yes, the… Read More Here
FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA  10 Mining in Zambia Copper Corporate News Corporate social responsibility 

FQM, ZDA HOST BUSINESS CLINIC TO BOOST MSME GROWTH IN KALUMBILA 

Constance
In a collaborative effort to promote sustainable business growth in Kalumbila, First Quantum Minerals’ Trident Limited and the Zambia Development Agency (ZDA) recently organised a business clinic under the theme, “Sustainable Business Partnerships for MSME Growth.” The initiative aims to empower local entrepreneurs, foster economic diversification, and create opportunities for Micro, Small and Medium Enterprises (MSMEs). The Kalumbila Business Clinic underscored the government’s commitment to MSME business development and strong partnerships with the private sector, bringing together industry experts, including the Patents & Companies Registration Agency (PACRA), Zambia Revenue Authority… Read More Here

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