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Category: Corporate News

ZCCM-IH Delivers 436 Million Kwacha Dividend to IDC Amidst Resilient Performance 1 Mining in Zambia Copper Corporate News 

ZCCM-IH Delivers 436 Million Kwacha Dividend to IDC Amidst Resilient Performance

Constance
ZCCM-IH, under the leadership of Chairperson Kakenenwa Muyangwa, demonstrated its financial strength and resilience by delivering a substantial dividend totaling over 436 million Kwacha. This dividend reflects the company’s performance over the financial years 2021 and 2022, even in the face of a challenging business environment in the past three years. Despite these challenges, ZCCM-IH exhibited robust growth. The group’s revenue soared from 174 million Kwacha in 2020 to an impressive 11.9 billion Kwacha in 2022. A significant contributor to this remarkable surge was the strategic acquisition of Mopani Copper… Read More Here
Sibanye-Stillwater to Begin Talks on Restructuring of Four Southern African PGM Shafts 2 International Corporate News News in Brief 

Sibanye-Stillwater to Begin Talks on Restructuring of Four Southern African PGM Shafts

Constance
Sibanye-Stillwater, a dual-listed company, is entering discussions with organized labor and other affected non-unionized employees and their representatives regarding the potential restructuring of four platinum group metal (PGM) shafts in its Southern African business. This restructuring and potential shaft closures may impact around 4,095 employees and contractors, including support services employees. While two of the shafts have already ceased production due to depleted ore reserves and economic viability, the other two require restructuring for sustainable production. Rising costs and falling PGM prices have challenged the profitability of the global PGM… Read More Here
ERG Breaks Ground on Hydrometallurgical Plant in DRC for Copper and Cobalt Production 3 Mining in DRC Corporate News Press Release 

ERG Breaks Ground on Hydrometallurgical Plant in DRC for Copper and Cobalt Production

Constance
COMIDE comprises some of the largest known copper and cobalt resources still to be developed globally. Following a comprehensive technical study, the development potential of its resource base and production capacity were established, paving the way for the project at hand. The COMIDE project includes the construction of a hydrometallurgical plant, an extensive exploration and drilling programme, as well as mine development – backed by a total investment of around USD$800 million. The start of works was marked by a groundbreaking ceremony held at COMIDE in Lualaba Province on 12… Read More Here
key actions of Kibali's social commitment 4 Mining in DRC Corporate News Corporate social responsibility Gold 

key actions of Kibali’s social commitment

Constance
The 2018 Mining Code requires mining companies to develop the local communities where their mines are located. As a good student, the mining company Kibali Gold Mines does not deviate from this rule. Several achievements have been made by this mining giant in the 14 years since it was established in the Haut-Uele province. At the 50th press conference held on October 5, 2023, Mark Bristow, President and CEO of Kibali, looked back on these various achievements. First, concerning community development Here, the achievements are classified in the sector of… Read More Here
SICOMINES SA donates sewing and styling machines to the Lycée technique de la Gombe 5 Mining in DRC Corporate News Corporate social responsibility 

SICOMINES SA donates sewing and styling machines to the Lycée technique de la Gombe

Constance
The handover ceremony took place on Wednesday October 11, 2023 in the facilities of this educational establishment in the presence of the provincial coordinator of Catholic Convention Schools (ECCATH), Father Romain Nyanga, and a delegation from Sicomines SA/Kinshasa led by Grace Sasesula.  Of course, the honor fell to Mrs. Jackie Bapile, prefect of studies, to receive it on behalf of the first and main beneficiaries: her students. In her special remarks, Grace Kasesula of SICOMINES SA outlined the reason for the donation in these terms. “ As a woman, I… Read More Here
Caterpillar Appoints Chief Operating Officer 6 International Corporate News Mining Equipment Mining Personality 

Caterpillar Appoints Chief Operating Officer

Constance
 Caterpillar Inc. (NYSE: CAT) has announced that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023. In this newly created position, Creed will report to Jim Umpleby, chairman and chief executive officer. Reporting to Creed will be group presidents Tony Fassino of Construction Industries, Denise Johnson of Resource Industries and Bob De Lange of Services, Distribution and Digital. Creed’s replacement as group president of Energy & Transportation will be named at a later date and… Read More Here
Barrick Set for Strong Finish to the Year 7 Gold Corporate News International 

Barrick Set for Strong Finish to the Year

Constance
 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported preliminary Q3 sales of 1.03 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.04 million ounces of gold and 112 million pounds of copper. Q3 production was higher than Q2, although lower than previous plans for the quarter, especially at Pueblo Viejo where equipment design deficiencies contributed to the delayed ramp up of the expansion project. We continue to expect a significant increase in fourth quarter production volume. The average market price for gold in… Read More Here
Barrick CEO Engages with Stakeholders Around Reko Diq Site as Project Progresses 8 Gold Corporate News International 

Barrick CEO Engages with Stakeholders Around Reko Diq Site as Project Progresses

Constance
Barrick Gold Corporation’s president and chief executive Mark Bristow last week arrived at the site of the Reko Diq project to review its progress and engage with stakeholders who live in and around the area. Due to go into production in 2028, Reko Diq hosts one of the world’s largest undeveloped copper-gold deposits. Among others, Bristow and his team met representatives of the Par-e-Koh and Nokkundi community development committees, which include members of resident tribes, village elders and youth groups. They also visited the primary schools set up by Reko… Read More Here
ERG Africa's Boss Mining and Subsidiaries Join Lualaba Mining Show 9 Mining in DRC Corporate News Events & Expos 

ERG Africa’s Boss Mining and Subsidiaries Join Lualaba Mining Show

Constance
The Lualaba Mining Show aims to drive the critical involvement of the mining industry in the development of Lualaba Province. The first edition of the Lualaba Mining Show 2023 was held on 5 and 6 October, at the Musompo Trading Centre in Kolwezi, in the Democratic Republic of Congo (DRC). The exhibition organized under the patronage of Her Excellency, the Governor of Lualaba Province, Ms Fifi Masuka Saini, garnered the presence of esteemed dignitaries, including DRC President, His Excellency Félix-Antoine Tshisekedi Tshilombo, who also officiated the… Read More Here
Caterpillar validates Rajant wireless solution with Cat® MineStar™ Command for hauling 10 Corporate News Equipment & Technology Mining technology Technology & Innovation 

Caterpillar validates Rajant wireless solution with Cat® MineStar™ Command for hauling

Copperbelt Katanga News
Rajant Kinetic Mesh® BreadCrumbs® enable mining automation worldwide After extensive testing, Caterpillar Inc. has completed the in-house validation of Rajant BreadCrumbs®, LX5 CA radios, which will enable field trials with this Rajant product and Cat® MineStar™ Command for hauling.  “This validation is a key step to provide additional options for our mining customers when deploying Command for hauling in their operation,” said Sean McGinnis, vice president and general manager of technology and global sales support at Caterpillar. “We greatly appreciate the support from the Rajant team throughout the validation process.” Rajant… Read More Here

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