International - Copperbelt Katanga Mining

Barrick to Grow Production and Value on Global Asset Foundation

March 16, 2024March 16, 2024 Constance

Barrick’s peerless gold and rapidly growing copper portfolios now extend across all the major gold and copper districts worldwide, providing the company with a solid base from which to grow its production and value, directed by a proven strategy and supported by a broad spectrum of skills, says president and chief executive Mark Bristow in the 2023 Annual Report published today. “Discovery and development are the true drivers of value and our strong focus on exploration is evident in our widespread hunt for new discoveries with Tier One1 potential as… Read More Here

International Gold

Theta Gold Secures Approvals for Mining Operations at MR 83 in South Africa

March 16, 2024March 16, 2024 Constance

Theta Gold, a mining company, announces that it has obtained all necessary approvals to initiate mining activities at Mining Right (MR) 83, encompassing the Beta, CDM, and Frankfort mines, located in South Africa’s Mpumalanga province. “We are delighted to confirm that MR 83 has secured all requisite permits, marking a significant milestone for potential project financing as previously disclosed,” stated Theta’s chairperson, Bill Guy. “With this accomplishment, our focus shifts to finalizing funding arrangements and collaborating with our chosen engineering, procurement, and construction contractor to construct the gold processing plant.”… Read More Here

International Copper Gold

Thunder Gold Completes Sale of 25% Stake in Namibia’s Kalahari Copper Belt Project to Noronex

March 15, 2024March 15, 2024 Constance

Thunder Gold Corp, formerly known as White Metal Resources, has completed its exit from Namibia by selling its remaining 25% interest in the Kalahari Copper Belt to its joint venture partner Noronex. The belt includes the Witvlei and Dordabis projects, collectively known as the DorWit projects, boasting a current JORC (2012) compliant resource of 10 million tons at 1.3% Cu, with significant exploration potential. Noronex’s acquisition of Larchmont Investments in November 2020 led to a majority stake in Aloe 237 Investments, the owner of the Kalahari Copper Belt licenses. Now,… Read More Here

Technology & Innovation Copper Exploration Gold International Mining technology Press Release

Ivanhoe Electric to Implement Advanced Software at Tintic Copper-Gold-Silver Project

March 15, 2024March 15, 2024 Constance

Ivanhoe Electric Announces Application of Latest Computational Geosciences Inc. Software at Tintic Copper-Gold-Silver Project in Utah Recent Advancements in CGI’s Machine Learning-based Software Improve Quality and Speed of Typhoon™ Data Processing Updated Interpretation of Typhoon™ Survey Data at Tintic Resulted in Refined Drill Targets Ivanhoe Electric and CGI Are Utilizing the Latest Software in Recent U.S. Surveys and in the Company’s Saudi Arabian Exploration Joint Venture with Ma’aden PHOENIX, ARIZONA – Ivanhoe Electric Inc. (“Ivanhoe Electric”) (NYSE American: IE; TSX: IE) and its subsidiary, Computational Geosciences Inc. (“CGI”), are pleased to… Read More Here

International Transport and Logistics

Angola’s ‘Diversifica Mais’ Initiative Sparks Economic Growth Along Lobito Corridor

March 14, 2024March 14, 2024 Constance

The “Diversifica Mais” initiative, launched by the Ministry of Planning in Luanda, aims to drive economic diversification and job creation along the Lobito Corridor. This project is set to support 370 companies operating within the corridor, while offering technical assistance to an additional two thousand enterprises. Led by project director Laércio Cândido, Diversifica Mais aims to increase private investment and foster growth among micro, small, and medium-sized enterprises. With a projected timeline extending until 2029, the initiative seeks to facilitate sustainable economic transformation throughout the corridor, spanning over a thousand… Read More Here

International Coal

Shareholder Urges Glencore to Retain Coal Business Despite Teck Acquisition

March 14, 2024March 14, 2024 Constance

Tribeca Investment Partners, a shareholder of Glencore, is advocating for the mining giant to retain its coal business even after finalizing the acquisition of Teck Resources’s coal-mining unit. While many of Glencore’s industry peers have divested from coal due to investor pressure, Tribeca believes that Glencore should maintain ownership of its coal assets, citing their world-class quality and strategic importance to the company’s earnings profile and shareholder value. Glencore’s initial plan was to spin off the combined coal unit following the completion of the Teck acquisition, pending shareholder approval. However,… Read More Here

International Coal Mine Safety

Twelve die in two China coal mine accidents

March 14, 2024March 14, 2024 Constance

Two coal mine accidents in China within a span of 24 hours have led to a death toll of 12, according to state broadcaster CCTV. The first incident occurred in an underground coal bunker in Zhongyang County, Shanxi province, which collapsed, resulting in five deaths as well as two individuals missing. The bunker is operated by Taoyuan Xinlong Coal Industry. The accident in Shanxi follows a notice issued last month by the mining safety regulator, which instructed mines to limit overproduction to avoid such incidents. Despite these measures, China’s leading coal-producing… Read More Here

International Copper

FQM expects to ship trapped Panama copper within weeks

March 13, 2024March 13, 2024 Constance

First Quantum Minerals Ltd. expects to secure authorization from Panamanian officials in the coming weeks to sell more than 120,000 metric tons of copper concentrate stored near a port that served its flagship mine. Unleashing the stockpile of semi-processed metal could generate between $200 million and $300 million based on today’s copper prices. That would be a welcome boost to First Quantum’s balance sheet after the government ordered the closure of the Cobre Panama copper mine in November following fierce public protests. Releasing the copper cache would also bolster a… Read More Here

International Economy

BRICS Prepares to Launch Currency in 2024

March 13, 2024March 13, 2024 Constance

BRICS member India is studying the prospects and usage of a new BRICS currency against the US dollar. Reports state that India has ordered a group of financial analysts to study the possibility of a new BRICS currency. The order indicates leading financial intellectuals and think tanks to debate the formation of a new currency, which could be an alternative to the US dollar. A senior and top-level government official from India said on the condition of anonymity that the study on BRICS currency could be a talking point at… Read More Here

International Battery Metals Cobalt Lithium Nickel

Market Forecast: Cobalt, Nickel, and Lithium Prices to Decline by December 2024

March 11, 2024March 11, 2024 Constance

Goldman Sachs Predicts Drop in Key Minerals for Energy Transition Goldman Sachs, renowned for its market analysis, foresees a downturn in cobalt, nickel, and lithium prices by December 2024, essential minerals for the energy transition. Analysts attributed this projected decline to decreasing demand from the electric vehicle industry in Western nations. According to Goldman’s forecast estimates, cobalt prices are expected to decrease by 12%, nickel by 15%, and lithium by 25% over the next twelve months. The bank’s analysts emphasized that despite supply constraints in late 2023 due to margin… Read More Here