International - Copperbelt Katanga Mining

Sandvik introduces new logotype and visual identity

September 21, 2023September 21, 2023 arnbethnic

Today, Sandvik presents a new visual identity. It highlights the company’s commitment to lead the shift towards digitally driven and automated industries, and it is developed to suit the current position of the company as a technology leader enabling improved productivity, efficiency and sustainability for its customers. Over the past few years, Sandvik has implemented a new strategy and defined a common purpose: We make the shift – advancing the world through engineering. This, in combination with fundamental changes like strategic acquisitions and the 2022 listing of business area Sandvik… Read More Here

Gold International

Sibanye-Stillwater considers South Africa gold operation restructure

September 21, 2023September 21, 2023 Constance

Precious metals mining company Sibanye-Stillwater is looking to restructure one of its gold operations in South Africa (SA) due to operational constraints and ongoing losses over an extended period. The move is expected to impact about 2,389 employees and 581 contractors at Kloof 4 shaft, which suspended operations on 1 August 2023 due to an incident that damaged infrastructure. Sibanye Stillwater now intends to start talks with organized labor and other affected stakeholders, regarding the possible restructuring. In a press statement, Sibanye Stillwater said: “The initiation of S189 consultations follows… Read More Here

Gold International

Strategically Driven Barrick to Deliver Sustainably Profitable Growth

September 20, 2023September 20, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is projecting a 30% increase in production on the back of the growth options embedded in its asset portfolio,1 president and chief executive Mark Bristow told the Gold Forum Americas. Bristow said the clean energy transition is creating an unprecedented demand for metals and minerals but the market’s demand for instant gratification is driving M&A, which is not always conducive to investment in sustainable projects but rather the delivery of short-term returns. These growth projects are vital, not only for the resources needed for cleaner energy but for… Read More Here

International Mining Equipment

MACA partners with Sandvik to replace surface fleet

September 20, 2023September 20, 2023 Constance

eading Australian mining, civil and minerals processing contracting group MACA has selected Sandvik Mining and Rock Solutions to supply nine new surface drill rigs as a complete replacement for an aging mixed fleet at the Gruyere open pit gold mine in the Western Australian Goldfields, where it was recently awarded a five-year contract extension. The order, which was booked in Q2 2023, includes six Sandvik DR410i rotary blasthole drills, two Leopard™ DI650i down-the-hole (DTH) drill rigs and a Pantera™ DP1500i top hammer drill rig. Deliveries began in July and will… Read More Here

International Equipment & Technology Mining technology

Three-Party Deal Tests World’s Largest Battery-Electric Mining Truck in Australia

September 20, 2023September 20, 2023 Constance

A three-party agreement between AngloGold Ashanti, Barminco and Sandvik has resulted in Australia being the testing ground for Sandvik TH665B, the largest battery-electric underground mining truck. Western Australia’s Sunrise Dam mine is hosting the world-first trial as the Sandvik TH665B is put to work in Australian conditions. Under an agreement between mine owner AngloGold Ashanti, hard rock underground contract miner Barminco and Sandvik, the gold operation near Laverton began trialing the prototype 65-metric-ton Sandvik vehicle on September 14 – with the wider industry keeping a close eye on the results.… Read More Here

International Gold

Gold Fields Set to Determine Future of Ghana Mine in Next Four Months

September 20, 2023September 20, 2023 Constance

Gold Fields will decide whether to keep or dispose of its stake in its smallest gold asset within the next four months, according to interim CEO Martin Preece. The Johannesburg-listed firm is “exploring all the options” for the Asanko gold mine in Ghana, including a total divestiture or a move to boost its ownership, Preece told Bloomberg. The company entered into a joint venture agreement to operate the mine with Vancouver-based Galiano Gold in 2018. It produced 170 342 bullion ounces last year but expects output to drop to 120 000 to 130 000 ounces in 2023 as the asset… Read More Here

International Gold

B2Gold buys AngloGold’s stake in Colombia project

September 19, 2023September 19, 2023 Constance

Gold mining major AngloGold Ashanti is exiting the Gramalote project, in Colombia, with joint venture (JV) partner B2Gold buying its 50% interest in the project for up to $60-million. The agreement follows a joint sales process by B2Gold and AngloGold for their combined interests in Gramalote that failed to yield an offer from a third party that was acceptable to either company. The project was put up for sale after an optimized feasibility study did not deliver results that met either company’s investment threshold for development. Gold mining major AngloGold… Read More Here

Economy International

The African Union to Establish Its Own Credit Rating Agency by 2024

September 15, 2023September 15, 2023 Constance

The African Union aspires to create its own financial rating agency with the ultimate objective of responding to the major concerns of African countries after several sometimes arbitrary evaluations of the three international financial rating agencies, in this case: Moody’s, Fitch and S&P Global Ratings. The announcement was made on Tuesday September 12, 2023 by the main expert on financial rating agencies at the African Union, Misheck Mutize, quoted by the Reuters agency. “The agency, which will develop its own risk assessment of loans to African countries, will be based… Read More Here

International Mining Equipment

Bell Equipment to Unveil Bell Heavy Industries (BHI) at Mining Indaba 2024

September 13, 2023September 13, 2023 Constance

Bell Equipment is set to launch a new business, called Bell Heavy Industries (BHI), at the Mining Indaba in February next year. BHI will be an arm of Bell Equipment Company South Africa, which is 51% black-owned, says Bell Equipment CEO Leon Goosen.Bell is a global manufacturer, distributor and exporter of a range of heavy equipment for the construction, mining, quarrying, sugar and forestry industries. BHI will operate from Bell’s plant in Richards Bay, KwaZulu-Natal, which is currently seeing a shift in articulated dump truck (ADT) production to Germany, in… Read More Here

International Gold

Barrick Ceases to be an Insider of Cascadia Minerals

September 13, 2023September 13, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) (“Barrick”) has announced that following the August 24, 2023 closing of a private placement of units (the “Private Placement”) by Cascadia Minerals Ltd. (“Cascadia”), Barrick’s 2,788,696 common shares of Cascadia represent approximately 7.6% of Cascadia’s outstanding common shares. Barrick did not acquire any securities in the Private Placement and, as a result of the Private Placement, Barrick has ceased to be an insider of Cascadia pursuant to Canadian securities laws. Barrick is holding its Cascadia common shares for investment purposes. Depending on market conditions and… Read More Here