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Category: International

Epiroc launches new digital solutions for surface mining 1 International Mining Equipment Mining technology 

Epiroc launches new digital solutions for surface mining

Constance
Epiroc is proudly expanding its digital solutions in the surface mining industry. The launch for surface mines includes the new release for safe blasting, Blast Support. The offering entails a new release of Situational Awareness, which has a new feature with the capability to direct warning messages to people located in defined risk zones. With over 10 years of experience and 40+ installations globally, Epiroc is now taking the safety technologies (previously called Mobilaris Mining Intelligence) to the Surface mining market.  The surface-based capabilities are smart solutions that help plan,… Read More Here
Angola's electric vehicle fleet grows 100% in 2024 2 International Battery Metals 

Angola’s electric vehicle fleet grows 100% in 2024

Constance
The Angolan fleet of electric cars grows 100 percent, from two thousand cars this year to four thousand in 2024, according to projections by the executive president of CVE Angola, a company that, a week ago, on Saturday, 9, opened, in Luanda, the first charging point for electromotorized vehicles. Adilson Matoso, in a discussion with Jornal de Angola, shared insights from his market study aimed at launching charging points in Angola. According to his findings, after the influx of two thousand Chinese vehicles, an additional two thousand are expected from… Read More Here
Angola: US Invests $2B, Signals Growing Bilateral Cooperation 3 International 

Angola: US Invests $2B, Signals Growing Bilateral Cooperation

Constance
Last month, US President Joe Biden met with Angolan President João Lourenço in Washington D.C. to pledge support for Angola’s development and identify new areas for collaboration. The state visit was a milestone in bilateral relations between the two countries, cementing Angola’s position as a strategic ally to the US and indicating new flows of US capital and technology into the southern African country.  According to President Biden, the US has committed over one billion dollars to fund solar power, bridges and telecommunications infrastructure in the southern African country, while… Read More Here
Billionaire Mining Magnate Friedland Says $15,000-a-Ton Copper Needed to Spur New Mines 4 International Copper Mining Personality 

Billionaire Mining Magnate Friedland Says $15,000-a-Ton Copper Needed to Spur New Mines

Constance
Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining magnate said that forecasts of copper prices reaching $9,000 a metric ton next year isn’t enough to stimulate the industry to take on risks of building huge, capital intensive mines, especially in Latin America. “We probably need about $15,000 a ton, stable for a long period of time, before the industry can really gear up and build those giant mines,” Ivanhoe… Read More Here
How Can Africa Benefit from its Critical Minerals? (By NJ Ayuk) 5 Opinion Battery Metals International 

How Can Africa Benefit from its Critical Minerals? (By NJ Ayuk)

arnbethnic
Africa holds more than half of the world’s reserves of cobalt, 46% of its manganese, and 21% of its graphite, all used in EV batteries, and about a quarter of its bauxite, which is required for solar photovoltaic technologies To meet their green agendas, the European Union, United States, and China are engaged in the modern-day equivalent of a gold rush. This time, though, fortune seekers aren’t panning for shiny nuggets in Canada, America, or Australia. Instead, all eyes are on the critical minerals of Africa — cobalt, graphite, lithium,… Read More Here
𝗕𝗔𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗡𝗦𝗢𝗥𝗧𝗜𝗨𝗠 𝗖𝗟𝗜𝗡𝗖𝗛𝗘𝗦 𝗠𝗜𝗡𝗘𝗥𝗚𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧 6 International Coal Energy 

𝗕𝗔𝗧𝗦𝗪𝗔𝗡𝗔 𝗖𝗢𝗡𝗦𝗢𝗥𝗧𝗜𝗨𝗠 𝗖𝗟𝗜𝗡𝗖𝗛𝗘𝗦 𝗠𝗜𝗡𝗘𝗥𝗚𝗬 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗢𝗡𝗧𝗥𝗔𝗖𝗧

Constance
A consortium of Botswana citizen companies under the auspices of Meropa Resources has been appointed mining contractor at Masama Coal Mine in Medie, Minergy announced. In a notice to the market , Minergy Coal Limited said on Thursday 14 December 2023 that Meropa Resources has been appointed as the mining contractor for the company ‘ s coal mining operation. The Botswana Stock Exchange listed coal miner said the appointment of Meropa follows a rigorous vetting and extensive negotiation process which seeks to entrench operational efficiencies and anchor Masama Coal Mine… Read More Here
Mining Giant Anglo American to Cut Copper and Iron Ore Production 7 International Copper Iron Ore 

Mining Giant Anglo American to Cut Copper and Iron Ore Production

Constance
Anglo American plans to reduce iron ore and copper output in the near term to lower costs, one of the world’s top mining companies said last week as it fights to boost its share price that has slumped by over 30% this year. After the production, capex, and costs guidance on Friday last week, shares of Anglo American – which produces copper, nickel, platinum group metals, and diamonds, among others – slumped by 6.5% on the London Stock Exchange in the early morning.Year to date, Anglo American’s stock has lost… Read More Here
Vedanta Resources Nears $1.25 Billion Fundraising with Standard Chartered Bank 8 International 

Vedanta Resources Nears $1.25 Billion Fundraising with Standard Chartered Bank

Constance
Vedanta Resources, the London-based parent of India’s oil-to-metals conglomerate Vedanta, is close to finalizing a $1.25 billion loan availed jointly from Standard Chartered Bank and Cerberus Capital Management that could help it avert a default on bonds due in January, said people aware of the matter. Standard Chartered Bank will underwrite $950 million of the $1.25 billion financing while New York-based Cerberus Capital will cover the remaining $300 million, the people said. Standard Chartered Bank is in talks with Davidson Kempner, Ares Management and Varde Partners to distribute a portion… Read More Here
Glencore to update climate plan in 2024 after investor pressure 9 International Coal 

Glencore to update climate plan in 2024 after investor pressure

Constance
Glencore will publish an updated climate action transition plan in March 2024, it said on Wednesday, after some investors rejected its climate progress report and it agreed to buy Canadian miner Teck Resources’ steelmaking coal business. More than 30% of Glencore’s investors, including major shareholder BlackRock, rejected the company’s climate report at its annual meeting in May, demanding more clarity on how it will meet its commitments to cut emissions. Around 29% of shareholders also backed a resolution seeking more disclosure on progress in scaling back its production of thermal… Read More Here
Porgera Gold Mine Set to Restart Production This Month 10 International Gold 

Porgera Gold Mine Set to Restart Production This Month

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced today that the Porgera mine in Papua New Guinea (PNG) is set to resume operations later this month and is expected to start pouring gold again in the first quarter of 2024.  This follows the satisfaction of the conditions to the Porgera Project Commencement Agreement, in which a new ownership structure was agreed. Barrick president and chief executive Mark Bristow said the reopening of the mine represented another victory for the company’s host-country partnership model which had been very successful in Tanzania and had also… Read More Here

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