International - Copperbelt Katanga Mining

PRESIDENT CYRIL RAMAPHOSA TO ATTEND THE 30th ANNIVERSARY CELEBRATION OF THE MINING INDABA 1

President Cyril Ramaphosa will on Monday, 5 February 2024 deliver a keynote address during the 30th anniversary celebration of the Mining Indaba in Cape Town. This year’s theme “Embracing the power of positive disruption: A bold new future for African Mining,” marks three decades as Africa’s premier platform for deal-making and discussions on critical mining issues. The President’s participation underscores the significance of collaboration and sustainable development in the mining sector. His insights will contribute to disruptive discussions aimed at uncovering opportunities and addressing challenges within the industry. The event… Read More Here

International Coal

Disruptions in Rail Transport Cause Historic Drop in Richards Bay Coal Terminal Shipments

January 31, 2024January 31, 2024 Constance

Shipments from South Africa’s primary coal export facility, Richards Bay Coal Terminal (RBCT), reached their lowest point in over three decades in 2023 due to disruptions in rail transportation affecting mines. RBCT, owned by 13 coal mining companies, including Thungela, Exxaro Resources, Seriti Resources, and Glencore’s South African subsidiary, recorded a shipment of 47.2 million tons of coal last year, the lowest figure since at least 1992. Despite RBCT’s annual export capacity of 91 million tonnes, operational challenges, such as a shortage of locomotives, derailments, and crime, have led to… Read More Here

Gold Economy International Mining revenue

Barrick Continues To Be a Major Value Creator for Mali

January 31, 2024January 31, 2024 Constance

Barrick Gold Corporation and its predecessor, Randgold Resources, has been a valuable partner to Mali for 27 years and, in the face of many challenges, continues to work tirelessly with the Transition Government of Mali and local stakeholders to plot a new course for the country’s mining industry and promote it as an investment destination, says president and chief executive Mark Bristow. Speaking to the media, Bristow said during this time its mines had contributed almost $10 billion to the Malian economy in the form of taxes, royalties, salaries and… Read More Here

International

Kenya Confirms Coltan Discovery

January 30, 2024January 30, 2024 Constance

Kenya has announced the discovery of its first deposits of the strategic mineral coltan. Reserves have been found across six counties, with the full scope and value of the deposits yet to be confirmed. The government is proceeding with ground evaluation in order “to assess the economic value of that particular mineral,” stated Kenya’s Minister of Mining, Blue Economy and Maritime Affairs, Salim Mvurya. He added that the discovery has the potential to contribute to job creation and the expansion of Kenya’s mining industry. A crucial mineral used in manufacturing… Read More Here

Economy International

Secretary of State Blinken Discusses Lobito Corridor in Luanda

January 30, 2024January 30, 2024 Constance

Secretary of State, Anthony Blinken, visited Angola on January 24 and 25th of 2024 to further discuss and develop the numerous bilateral agreements made during the 2023 US-Africa Leaders summit in Washington, DC. At a news conference in Luanda with his Angolan counterpart, Foreign Minister Tete Antonio, Blinken mentioned the Lobito Corridor: “I had a chance today to see some of the dramatic progress that’s already been made in building out this corridor. It is moving faster and further I think that we might have imagined.” According to the official press… Read More Here

International Cobalt Copper Exploration

Rio Tinto Strengthens Mining Ties with Angola through Second Investment Contract

January 30, 2024January 30, 2024 Constance

On January 17, 2024, Rio Tinto, the prominent English-Australian mining company, formalized a significant mining investment contract with the Angolan Ministry of Mineral Resources, Oil, and Gas in Luanda. The lucrative $5.7 million USD deal encompasses a 35-year exploratory license for the Moxico Concession, spanning an extensive 9,987 square kilometers (3,856 square miles). Rio Tinto’s exploration efforts will focus on uncovering base metals, including copper, zinc, cobalt, and titanium, according to the company’s official statement. The contractual agreement initiates a dedicated five-year prospecting phase, with the potential for a two-year… Read More Here

Events & Expos International Sponsored Content

Who should be responsible for addressing Africa’s logistical infrastructure challenges?

January 26, 2024January 26, 2024 Constance

For decades – one of the greatest challenges to the development of Africa’s mining industry can largely be attributed to limited infrastructure, including power, water supply, and importantly, roads and rail. Addressing Africa’s logistical infrastructure challenges could unlock economic benefits, including increased investment in mining, improved transportation networks, increased export capabilities and increased revenue and job creation, while also benefiting other sectors like manufacturing and construction. “Through Mining Indaba’s Disruptive Discussions format in 2024, taking place on the Disruptive Discussions Main Stage, we are no longer merely acknowledging the problem, we… Read More Here

International Artisanal mining Gold

Tragic Mine Collapse Claims Lives of Over 40 Artisanal Gold Miners in Mali

January 25, 2024January 25, 2024 Constance

More than 40 artisanal gold miners lost their lives last week in southwest Mali when the shaft they were working in collapsed, as reported by Mali’s mines ministry on Wednesday. The incident highlights the dangers associated with artisanal mining, a prevalent activity in West Africa that has witnessed increased demand and higher metal prices in recent years. Artisanal miners often use outdated and unregulated methods, leading to frequent deadly accidents. The tragedy occurred on Friday in the Kangaba Cercle in the south-western Koulikoro Region. While the ministry’s statement on Tuesday… Read More Here

International Mine Safety News in Brief

Rio Tinto Plane Crash Claims Six Lives, Leaves One Survivor

January 25, 2024January 25, 2024 Constance

Six individuals lost their lives in a devastating plane crash near Fort Smith in Canada’s remote Northwest Territories on on Wednesday, January 24th, according to the NWT Coroner Service. The incident involved a small aircraft transporting workers from global miner Rio Tinto to the Diavik Diamond Mine. Four passengers and two crew members from North Western Air Lease perished, with one survivor being treated and transported to Yellowknife. The Royal Canadian Air Force participated in search and rescue operations, locating the British Aerospace Jetstream near the Slave River. An investigative… Read More Here

International Gold

AngloGold Ashanti picks 11.7% stake in G2 Goldfields

January 24, 2024January 24, 2024 Constance

South African miner AngloGold Ashanti has completed the acquisition of an 11.7% stake in Canada’s G2 Goldfields for C$22.05m ($16.4m). The transaction involved the purchase of 24.5 million shares at C$0.90 per share, with the net proceeds to support exploration at G2 Goldfields’ Oko project in Guyana. The infusion will also be used for the company’s general corporate requirements. Before this transaction, AngloGold had not held any beneficial ownership in G2 Goldfields. The acquisition of these shares has provided the investor with a significant, non-diluted interest in the company. Future involvement of… Read More Here