International - Copperbelt Katanga Mining

Barrick Gold Partners with PRISMA for Enhanced Tanzanian Site Training 1

Barrick Gold, a large gold producer, has partnered with PRISMA Training Solutions, a leading professional training provider, to enhance training at its sites in Tanzania The gold producer has targeted fostering local mining sector growth at its North Mara and Bulyanhulu mining projects and has collaborated with PRISMA in order to deliver tailored and sustainable education and training solutions. The aim of the partnership is to enhance productivity, efficiency and safety at the sites while prioritising human capital development and elevating the capabilities of local suppliers. The project, which is… Read More Here

International

Vedanta Announces Spin-Off and Listing of Six Business Units for Growth

October 2, 2023October 2, 2023 Constance

Indian conglomerate Vedanta has unveiled plans to demerge and list six of its business units in a bid to boost their growth prospects. The move is part of Vedanta’s strategy to enhance valuations and comes as its UK-based parent company, Vedanta Resources, faces challenges in raising funds due to rating downgrades and concerns about meeting debt obligations. The six units set for listing are as follows: .Vedanta Aluminium .Vedanta Oil & Gas .Vedanta Power .Vedanta Steel and Ferrous Materials .Vedanta Base Metals .Vedanta Limited Chairman Anil Agarwal emphasized that the… Read More Here

International Gold Partnership

Barrick Acknowledges Twiga Partnership’s Mining Impact

September 29, 2023September 29, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow. Speaking to media, Bristow said Barrick’s pioneering Twiga partnership with the government, which equally shares the economic benefits generated by the North Mara and Bulyanhulu mines, should be a model for successful cooperation, notably in developing countries. Not only is Barrick now the largest contributor to the Tanzanian economy… Read More Here

International Contracts & tenders Copper

Panama suspends debate for First Quantum’s new Mining Contract

September 29, 2023September 29, 2023 Constance

Panama’s National Assembly decided on Thursday September 28th, to suspend the debate for a new contract with Minera Panama, the local subsidiary of Canadian miner First Quantum, as lawmakers seek a government revision of the current proposal. The assembly’s trade commission decided to suspend discussions on the contract and recommended its withdrawal for a review. Earlier this month, some members of Panama’s congress visited First Quantum’s copper mine to resolve doubts over the contract expressed across the Central American country as it debates the new changes. The contract concerns First Quantum’s flagship… Read More Here

International Gold

Barrick Welcomes Nevada Governor Joe Lombardo and His Delegation to Canada

September 28, 2023September 28, 2023 Constance

Barrick Gold Corporation yesterday September 27th welcomed Nevada Governor Joe Lombardo and members of his economic team as part of the governor’s two-day trade mission to Canada. Canada is Nevada’s largest trading partner and Barrick is the largest Canadian company operating in Nevada through Nevada Gold Mines (NGM), the world’s biggest gold mining complex. Barrick is one of the highest taxpayers in the state, as well as one of Nevada’s biggest employers with a workforce of over 12,000 employees and contractors. Barrick president and chief executive Mark Bristow said the… Read More Here

International Copper

Panama union workers block highways over FQM contract

September 26, 2023September 26, 2023 Constance

Panama’s construction workers’ union blocked highways and marched on congress on Monday to demand that lawmakers reject a contract with Canadian miner First Quantum Minerals. Union leader Saul Mendez said the contract violates national sovereignty by granting the company control of land, air and maritime space and does not do enough to protect workers’ rights. The contract is under discussion in Panama’s legislative commerce committee, which has been holding informative meetings with affected communities over the past two weeks. The contract will require three votes in the legislative assembly before becoming law. President Laurentino Cortizo said over the… Read More Here

International Mining Equipment

Caterpillar Introduces Cat 785D Water Solutions Truck for Efficient Mine Haul Road Dust Control

September 26, 2023September 26, 2023 Constance

For a task that is paramount for the health and safety of workers on site, the latest release from Caterpillar combines technology with the Cat Water Delivery System (WDS) to offer a smarter way to maintain haul roads using less water. Featuring an integrated 121 133-l Cat water tank complete with spray system, splash guards, full chute and rock ejectors, the water truck solves overwatering and underwatering issues. The Cat MineStar Edge connectivity with basic and premium plans allows customers to select an option that fits the needs of the site and… Read More Here

International Gold

Barrick Provides Context on Media Report Regarding Security at North Mara

September 26, 2023September 26, 2023 Constance

On September 21, 2023, The Globe and Mail published an article, based on documents referenced in UK Court Proceedings, which discusses activities alleged to have occurred at the North Mara Mine in Tanzania before 2017 when Acacia Mining Plc was an independent entity. Barrick acquired full ownership of Acacia Mining Plc in 2019 and it now holds an indirect majority stake in the North Mara Mine with the establishment of Twiga Minerals in 2019 — a joint venture between Barrick and the Government of Tanzania. Since then, Barrick has significantly… Read More Here

Mining technology Battery Metals Cobalt Copper Diamond Environment Social Governance (ESG) Equipment & Technology Gold International

4IR Technologies to Boost Competitiveness of Africa’s Mining Industry

September 26, 2023September 26, 2023 Constance

In addition to serving as an important aspect of the global energy transition, critical mineral resources represent a crucial source of revenue for many African nations. As a result, the continent is well-positioned to leverage and embrace Fourth Industrial Revolution (4IR) technologies – including artificial intelligence (AI), automation, data analytics and predictive modeling – to optimize production processes, enhance decision-making and render its mining sector more competitive globally. Set to define the future of mining, real-time data analytics provide additional insights into underlying mining systems and enable short interval control… Read More Here

International Mining Equipment

Bell Bolsters Focus on Advancing Underground Mining Equipment

September 23, 2023September 23, 2023 Constance

With a legacy spanning decades and a reputation for pioneering advancements, South Africa’s Bell Equipment is now placing strong new emphasis on advancing underground mining equipment. Currently a producer of low-profile underground mining trucks as well as underground rockscalers, Bell is working strategically on complementing those products with a range of underground load, haul, dump (LHD) machines, the first of which is now completely designed for manufacture in Richards Bay, KwaZulu-Natal. “I’m excited to say we’ve started cutting steel, we’re starting to build the test unit. It’s going to go… Read More Here