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Category: International

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project 1 International Copper 

Cobre Ltd Initiates Comprehensive Scoping Study for Ngami Copper Project

Constance
Cobre Ltd (ASX:CBE) has engaged the services of METS Engineering Group, a metallurgical and processing advisory firm, to conduct a thorough process design scoping study for the Ngami Copper Project in Botswana. METS will assess the potential application of In-Situ Copper Recovery (ISCR) and other extraction methods to beneficiate the copper-silver mineralization at Ngami. The project holds a conceptual exploration target ranging from 103 to 166 million tonnes with copper grades between 0.38% and 0.46%. The study aims to provide insights into the most economically viable extraction method. Key findings… Read More Here
Senegal President Faye Appoints Ally Sonko as Prime Minister 2 International Governance 

Senegal President Faye Appoints Ally Sonko as Prime Minister

Constance
Senegal’s political landscape witnessed a significant shift as newly inaugurated President Bassirou Diomaye Faye wasted no time in making his mark. In his inaugural act, President Faye appointed firebrand politician and key supporter Ousmane Sonko as prime minister. Sonko, known for his outspokenness and popularity among the youth, has been a vocal critic of former President Macky Sall. Despite being barred from the recent presidential election due to a defamation conviction, Sonko maintains his innocence. Throughout the campaign, he rallied support under the banner “Diomaye is Sonko,” urging voters to… Read More Here
Electra and Eurasian Resources Group Sign Cobalt Supply Agreement 3 International Battery Metals Cobalt Lithium Press Release 

Electra and Eurasian Resources Group Sign Cobalt Supply Agreement

Constance
Electra Battery Materials Corporation (NASDAQ: ELBM; TSX-V: ELBM) (“Electra”, “Company”) and Eurasian Resources Group (“ERG”, “The Group”), a leading diversified natural resources group headquartered in Luxembourg, announced today that they have signed a binding letter of intent for the long-term supply of ERG’s cobalt hydroxide to North America’s first battery grade cobalt sulfate refinery. This transaction supports efforts to onshore the battery supply chain and reduce reliance on foreign refiners. .Starting from 2026, under the three-year supply agreement, ERG will deliver 3,000 tonnes per annum of IRA-compliant cobalt to Electra’s… Read More Here
Transformative Changes at Port of Lobito Result in 60% Reduction in Expenses 4 International Transport and Logistics 

Transformative Changes at Port of Lobito Result in 60% Reduction in Expenses

Constance
Celso Rosas, President of the Board of Administration at the Port of Lobito, announced yesterday that the port has successfully reduced costs related to salaries, health services, food provisions, training, and other expenditures by 60%. This achievement follows the transfer of 850 workers to assets now under the concession of Lobito Atlantic Railways and Africa Global Logistics. Speaking at a staff meeting commemorating the 96th anniversary of the Port of Lobito, Rosas highlighted the significant financial impact of transferring employees to concessioned assets. With reduced personnel costs, the port can… Read More Here
Glencore makes additional investment in Stillwater Critical Minerals 5 International 

Glencore makes additional investment in Stillwater Critical Minerals

Constance
Glencore’s Canadian subsidiary has made an additional investment of C$2.1 million in Stillwater Critical Minerals (TSXV: PGE) and its flagship nickel project located in the Stillwater mining district of Montana. The Stillwater West project – which is also prospective for copper, cobalt, platinum group elements and gold – represents the largest nickel resource in an active US mining district, according to estimates by Stillwater Critical. In a January 2023 technical report, the company defined 1.6 billion lb. of nickel, copper and cobalt in inferred resources, and 3.8 million oz. of… Read More Here
FQM executives get pay increases despite company’s woes 6 International Copper 

FQM executives get pay increases despite company’s woes

Constance
The senior executive team at Canadian copper miner First Quantum Minerals Ltd.FM-T +2.32%increasegot substantial compensation bumps and favourable performance reviews in a year the company was forced to shut down its biggest mine, and its stock lost more than half its value. Late last year, Vancouver-based First Quantum shuttered the Cobre Panama mine after Panama’s Supreme Court declared its mining contract was unconstitutional. The giant copper mine in Panama accounted for about half of First Quantum’s revenue. The company’s financial condition deteriorated so much in the aftermath that it was… Read More Here
Bell Equipment Reports Record Sales and Strategic Initiatives for Future Growth 7 International Mining Equipment 

Bell Equipment Reports Record Sales and Strategic Initiatives for Future Growth

Constance
Bell Equipment (Bell) has announced its final results for the year ending December 31, 2023, achieving record sales and production. Ashley Bell, CEO of Bell, attributed this success to unprecedented global demand for equipment, driven by positive commodity cycles and infrastructure spending, marking the second consecutive year of pleasing results. Despite facing significant challenges such as supply chain disruptions, port congestion in South Africa, and labor shortages in Europe, Bell expressed pride in the resilience and adaptability demonstrated by the Bell team throughout the year. However, higher logistics costs and… Read More Here
North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign 8 International Corporate social responsibility Gold 

North of Superior Healthcare Group and Barrick Donate $1 Million to Families Closer to Home Campaign

Constance
The North of Superior Healthcare Group (NOSH) and Barrick Gold Corporation (Barrick) are pleased to announce a significant milestone in the Families Closer to Home Campaign. Barrick has generously donated $1 million towards the campaign, propelling the fundraising efforts over halfway to its $2 million goal. The Families Closer to Home Campaign, initiated by NOSH, aims to address the pressing need for enhanced long-term care facilities in the Marathon, ON area. With the strain on the province’s long-term care system, local residents have faced challenges including relocation away from home,… Read More Here
GHH to expand in Türkiye and beyond 9 International Mining Equipment Press Release 

GHH to expand in Türkiye and beyond

Constance
The German manufacturer of machines for mining and tunnelling industries GHH has agreed a partnership with the Japanese machine and truck distributor Marubeni Dağıtım ve Servis in Türkiye. This opens up growth opportunities for both companies far beyond the country’s borders. In addition to its geopolitical importance, Türkiye has numerous mineral resources, including copper, iron ore, coal and chrome, as well as the world’s largest boron deposits. These resources have helped to make the country an important player and hub in the global commodities market. As one of the major… Read More Here
Paratus Group provides resilient network capacity solutions 10 Technology & Innovation International Press Release 

Paratus Group provides resilient network capacity solutions

Constance
Multiple outages on undersea cables are disrupting internet and online services and have been affecting millions of people in Africa for the past two weeks. This disruption could have far-reaching consequences not only for commercial operations and personal communications but also for the healthcare and education sectors. The recent outages have been caused by cuts affecting the undersea cables near Abidjan, Côte d’Ivoire, namely the West Africa Cable System (WACS), the Africa Coast to Europe (ACE), MainOne and SAT3 cables. These submarine cable systems play a critical role in connecting… Read More Here

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