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Category: International

BLM Approval Paves Way for Goldrush Underground Mine at Barrick's Cortez Complex in Nevada 1 Gold International 

BLM Approval Paves Way for Goldrush Underground Mine at Barrick’s Cortez Complex in Nevada

Constance
The US Bureau of Land Management has issued a Record of Decision (“ROD”) approving Nevada Gold Mines’ (“NGM”) plan of operations for its new Goldrush underground mine at the Cortez Complex near Beowawe, Nevada. The long-life mine is expected to start ramping up production in 2024 after the commissioning of the initial project infrastructure and is forecast to produce 130,000 ounces in 2024 and grow to approximately 400,000 ounces per annum by 2028 (100% basis)1. Barrick and NGM have invested more than $370 million in the project to date and… Read More Here
Turkish Companies Eye Investment in Angola's Lobito Corridor 2 International Transport and Logistics 

Turkish Companies Eye Investment in Angola’s Lobito Corridor

Constance
The Turkish ambassador to Angola, Ufuk Ekici, expressed keen interest in leveraging the vast mobility infrastructure along the Lobito Corridor for the prosperity of Turkish businesses during a meeting with Vicente Soares, President of the Chamber of Commerce and Industry of Angola (CCIA). Ekici announced plans to mobilize Turkish companies to establish themselves within the Lobito Corridor in the upcoming year, seeking partnerships between companies from both nations. He highlighted the corridor as a noteworthy area for potential investment, citing Turkey’s readiness to invest across various sectors of mutual interest.… Read More Here
COP28 ends with deal on Transition away from Fossil fuels 3 International Events & Expos 

COP28 ends with deal on Transition away from Fossil fuels

Constance
The COP28 climate talks in Dubai ended in a deal that saw a commitment to transition away from all fossil fuels for the first time. The president of this year’s UN-sponsored summit, the UAE’s Sultan Al Jaber, brokered an agreement that was strong enough for the US and European Union on the need to dramatically curb fossil fuel use while keeping Saudi Arabia and other oil producers on board. The agreement calls for countries to quickly shift energy systems away from fossil fuels in a just and orderly fashion, qualifications… Read More Here
FQM requests end of blockades to Cobre Panamá Copper mine 4 Copper International 

FQM requests end of blockades to Cobre Panamá Copper mine

Constance
First Quantum Minerals’ (TSX: FM) subsidiary issued a media statement this weekend requesting proper access to the Cobre Panamá copper mine to maintain the environmental stability of the site located to the north of the Central American country, 20 kilometres from the Caribbean Sea. In the brief, Minera Panamá notes that, following an order by Panama’s Trade and Industry Ministry (MICI) to end operations, work at Cobre Panamá has ceased but the mine remains under care and maintenance. However, ongoing blockades of the access roads to both the mine and… Read More Here
Komatsu and General Motors to co-develop hydrogen fuel cell module for 930E mining truck 5 International Mining Equipment 

Komatsu and General Motors to co-develop hydrogen fuel cell module for 930E mining truck

Constance
General Motors and Komatsu have announced that they will co-develop a hydrogen fuel cell power module for Komatsu’s 930E electric drive mining truck, cited as the world’s best-selling ultra-class haul truck. GM, a leader in hydrogen fuel cell technology, and Komatsu, a global manufacturer of mining and construction equipment, will jointly design and validate the technology. The statement said: “Lightweight and quick to refuel, hydrogen fuel cells are ideal for electrifying applications traditionally powered by diesel engines. Hydrogen provides an effective method to package large quantities of energy onboard the… Read More Here
Rio Tinto green lights $110m spending on pre-feasibility study at Rhodes Ridge 6 International 

Rio Tinto green lights $110m spending on pre-feasibility study at Rhodes Ridge

Constance
Rio Tinto has given the green light to a $110 million pre-feasibility study to advance its massive Rhodes Ridge iron ore project in the east Pilbara. Rhodes Ridge — a 50:50 joint venture with Wright Prospecting — contains 6.8 billion tonnes at an average grade of 61.6 per cent iron, including 5.3 billion tonnes at 62.2 per cent and 600 million tonnes at 63.9 per cent. Rio is looking to a staged development of the project with an initial hub likely to be located in the northern part of the… Read More Here
Africa Global Logistic promise to invest 100 million dollars in the Port of Lobito 7 Transport and Logistics International 

Africa Global Logistic promise to invest 100 million dollars in the Port of Lobito

Constance
The Port of Lobito and Africa Global Logistics (AGL) signed, yesterday December 12th, a contract to operate the Multipurpose Terminal of the Angolan port company, a deal in which the international logistics company receives exploration rights for 20 years, in exchange for the payment of 150 million dollars. The president of the Board of Directors of the Port of Lobito, Celso Rosas, and the executive president of AGL, Olivier Noray, signed the contract that gives rise to the immediate payment of 80 million dollars to the Angolan State, in addition… Read More Here
European Union satisfied with the Lobito Corridor 8 Transport and Logistics International 

European Union satisfied with the Lobito Corridor

Constance
A delegation representing the European Union (EU) conducted a visit to the Port of Lobito on Saturday, the 9th, aimed at reinforcing its collaborative efforts with Angola concerning the Lobito Corridor. EU Ambassador to Angola, Rosária Bento Pais, highlighted the organization’s commitment to catalyzing the operationalization of the Lobito Atlantic Railway consortium to effectively address outlined challenges. Emphasizing a tangible step in Huambo towards establishing a logistics platform for tropical fruits, Pais underscored the need to witness firsthand the Port of Lobito’s potential. Within the framework of the EU’s “Global… Read More Here
Anglo American Venture TraxIQ to disrupt haulage approach in mining and quarrying 9 International Equipment & Technology Mining technology Technology & Innovation 

Anglo American Venture TraxIQ to disrupt haulage approach in mining and quarrying

Constance
TraxIQ has been launched, a new Anglo American Venture that has set out with the specific aim of disrupting the status quo in haulage in quarrying and mining. It is being led by Luke Smith, who is Principal, Technology Development at Anglo American, working with other key team members including Anglo American Venture Builder Aljoscha Gleser. Smith says TraxIQ is making bold progress towards a smarter, safer, more sustainable future for mining and quarrying, as when your trucks aren’t operating, you’re losing money. He says its autonomous vehicles will reduce… Read More Here
Barrick Named Tanzania’s Employer of the Year 10 International Gold 

Barrick Named Tanzania’s Employer of the Year

Constance
The North Mara Gold Mine has been crowned Employer of the Year at the prestigious 2023 Association of Tanzania Employers (ATE) Awards ceremony. North Mara is operated by Barrick and is jointly owned with the Tanzanian Government through Twiga Minerals Corporation. The distinguished event, held at the Mlimani City Conference Centre in Dar es Salaam, was graced by Honourable Joyce Ndalichako, Minister of State (Prime Minister’s Office) for Labour, Youth, Employment, and Persons with Disabilities. Twiga achieved a resounding triumph by not only securing the top honour as the Employer… Read More Here

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