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Senegal's New President Initiates Audit of Extractive Sectors 1 International Governance Oil & Gas 

Senegal’s New President Initiates Audit of Extractive Sectors

Constance
In a televised address on Wednesday, newly elected President Bassirou Diomaye Faye announced Senegal’s plans to conduct a comprehensive audit of the oil, gas, and mining sectors. Faye’s landslide victory in the March election reflects the nation’s aspirations for change. The audit marks one of the initial policy actions undertaken since Faye’s inauguration on Tuesday. Emphasizing the importance of natural resource management, Faye stated, “The exploitation of our natural resources, which belong to the people according to the constitution, will be a top priority for my government.” While details about… Read More Here
South African Parliament speaker Nosiviwe resigns amid graft probe 2 International Governance 

South African Parliament speaker Nosiviwe resigns amid graft probe

Constance
Embattled South Africa’s National Assembly Speaker Nosiviwe Mapisa-Nqakula quit her job on Wednesday and surrendered to the police on Thursday morning, potentially ending a crisis for her party, the ruling African National Congress (ANC). But her troubles are set to only start. On Thursday, she was expected to appear in the Specialised Commercial Crime Court in Pretoria on charges of corruption, linked to an over R4-million ($215,000) bribery allegation. Mrs Mapisa-Nqakula arrived at the Lyttelton Police Station in Centurion, north of Johannesburg, on Thursday morning to hand herself over to… Read More Here
First Quantum Acquires Majority Stake in La Granja Copper Project in Peru 3 International Copper 

First Quantum Acquires Majority Stake in La Granja Copper Project in Peru

Constance
First Quantum Minerals has acquired a 55% stake in the La Granja copper project in Peru for US$105 million in a joint venture with Rio Tinto. La Granja, located in Cajamarca, northern Peru, holds substantial copper reserves and has the potential to become a significant long-term mining operation. Following regulatory approvals from the Government of Peru, First Quantum’s investment will total up to US$546 million, exclusively financing operational and capital costs to advance the project through feasibility studies and development. As the majority shareholder, First Quantum will oversee project operations,… Read More Here
Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine 4 International Uranium 

Paladin Energy Ltd Achieves Uranium Concentrate Production at Langer Heinrich Mine

Constance
Paladin Energy Ltd announced the successful commencement of uranium concentrate production and drumming at the Langer Heinrich Mine on March 30, 2024. The focus now shifts to production ramp-up and building a finished product inventory in preparation for customer shipments. In line with this transition, Paladin’s Chief Operating Officer, Paul Hemburrow, will assume responsibility for all Langer Heinrich Mine activities. Key operational parameters for 2025 will be guided by Paladin in July 2024. CEO Ian Purdy expressed the significance of achieving the first production milestone at the Langer Heinrich Mine… Read More Here
Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan 5 International Copper 

Metso and Almalyk MMC Ink Agreement for Copper Smelter Project in Uzbekistan

Constance
Metso and JSC Almalyk Mining and Metallurgical company (Almalyk MMC) have signed a frame agreement on significant process technology deliveries for Almalyk MMC’s new copper smelter investment in Uzbekistan. The companies have collaborated on the development of minerals processing and metallurgical operations since 2011. Equipment package contracts under the framework agreement will be booked once they have been signed and become effective. We currently estimate that the majority of those contracts will be signed this year. The frame agreement is a continuation of Metso’s and Almalyk MMC’s contract signed at… Read More Here
Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths 6 International Gold Mine Safety 

Barrick Subsidiaries Settle UK Claims Over Tanzania Gold Mine Deaths

Constance
A UK legal action against Barrick Gold’s subsidiaries alleging killings and injuries of local residents by police engaged for security operations at the Canadian mining giant’s North Mara gold mine in Tanzania has been settled out of court. Barrick, announcing the settlement on its website yesterday, stated that there was no admission of liability on the part of its subsidiaries. No details about the content of the settlement were provided. Fourteen Tanzanian citizens made claims against Barrick’s UK subsidiary, Acacia Mining (now known as Barrick TZ Limited) for alleged human rights incidents between… Read More Here
Mozambique: Over 13 million tons of coal transported to port of Nacala via Malawi 7 International Coal 

Mozambique: Over 13 million tons of coal transported to port of Nacala via Malawi

Constance
More than thirteen million tons of coal (13,639,000) were transported from Moatize in Tete to the port of Nacala via Malawi during the past year. The coal was transported under a concession agreement between the former Vale Logistics Limited, now Vulcan Logistics Limited, and the Malawian government, which allows coal trains to pass through the country to Nacala. In addition to the volume of cargo handled, Malawi has experienced significant development and strategic positioning for the future in railway development, particularly od effective regional integration. According to the Director of… Read More Here
Epiroc Strengthens Infrastructure Business with STANLEY Infrastructure Acquisition 8 International Mining Equipment 

Epiroc Strengthens Infrastructure Business with STANLEY Infrastructure Acquisition

Constance
Epiroc AB, a leading productivity and sustainability partner for the mining and construction industries, has completed the acquisition of STANLEY Infrastructure, a global manufacturer of excavator attachments and handheld hydraulic tools, from Stanley Black & Decker, Inc. The strategic acquisition will strengthen Epiroc’s presence in the attachments business in infrastructure and construction, especially in the United States.STANLEY Infrastructure, which was a business within Stanley Black & Decker’s Industrial business segment, is headquartered in Milwaukie, Oregon, United States. It designs, manufactures, and sells attachments, typically used on excavators, and handheld hydraulic… Read More Here
Chile’s mining production up 7.7% in February 9 International Copper Lithium 

Chile’s mining production up 7.7% in February

Constance
Chile’s mining production is starting to turn the corner after months of a sustained output slump, with the country’s total output up 7.7% in February from the same month last year. The country’s top commodities, copper and lithium, were behind the overall production increase, according to data published by the National Institute of Statistics (INE). Metal extraction grew by 5.5% on the back of rising copper output, which grew 9.95% to 420,242 tonnes. The country accounts for almost a quarter of the world’s copper supply, equivalent to about 5.2 million… Read More Here
Zimbabwean Geologist Discovers World's Largest Gold Resource Worth Billions 10 Gold International 

Zimbabwean Geologist Discovers World’s Largest Gold Resource Worth Billions

Constance
PhD recipient Dr Steve Chingwaru’s groundbreaking research in geomatallurgy is turning heads. At just 26, he’s uncovered potentially the world’s largest invisible gold resource, valued at R450 billion. Obtaining a PhD at 26 is already a massive achievement, but what makes Chingwaru’s graduation from Stellenbosch University (SU) even more remarkable is his groundbreaking geometallurgy research that has garnered interest from mining companies around the globe. Chingwaru has uncovered what is potentially the world’s largest invisible gold resource. Originally from Zimbabwe and growing up in Johannesburg with his aunt, the gifted… Read More Here

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