International - Copperbelt Katanga Mining

Barrick’s Embedded Growth Projects to Drive Value With 30% Rise in Production 1

With the potential embedded in its growth project portfolio, Barrick plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031, says president and chief executive Mark Bristow. Speaking to investors on an update call, Bristow said this substantial growth in copper production combined with the output from Barrick’s sector-leading gold portfolio was expected to increase the group’s attributable production by some 30% to 6.8 million gold-equivalent ounces by… Read More Here

Transport and Logistics International

China and Algeria Embark on 6,000km Railway Project

September 13, 2023September 13, 2023 Constance

China and Algeria have forged a substantial collaboration aimed at building a network of railway lines spanning 6,000Km across North Africa. Algerian President Abdelmadjid Tebboune has hailed this as a critical step towards propelling Algeria’s socioeconomic development. The project is part of the two countries’ greater collaboration under the Belt and Road Initiative. The railway project, which will be supported by Chinese technical experience and building capability, will connect all towns and regions in Algeria. President Tebboune stressed the need for railroad infrastructure development as the “best guarantee of development.” The… Read More Here

International Transport and Logistics

South African mines get a faster route to Mozambique port

September 11, 2023September 11, 2023 Constance

South Africa’s mining companies, losing out on billions of dollars in sales due to logistics bottlenecks, could soon have a quicker route to ports in neighboring Mozambique. The Logistics Co (TLC), indirectly owned by Old Mutual’s African Infrastructure Investment Managers, plans to open a trucks-only crossing at Komatipoort, just north of South Africa’s main Lebombo entry point into Mozambique. The project involves upgrading an existing service road along a railway line, and building a truck staging facility that will have customs and immigration offices on the outskirts of the town… Read More Here

Copper International

First Quantum Reaches Agreement with Panama Copper Mine Union

September 10, 2023September 10, 2023 Constance

Canadian copper producer First Quantum Minerals Ltd. faces the threat of a strike at its flagship mine in Panama this weekend if union leaders and company representatives can’t agree on a wage contract for workers at the massive operation. Negotiators are in the final day of salary talks with workers at the Cobre Panama mine, but are “stuck” on some of the details related to wage adjustment and bonuses, union leader Michael Camacho said Friday in text messages. He said a strike will begin after midday on Saturday if negotiators… Read More Here

Copper Cobalt International Lithium Mining in DRC

US and Saudi Arabia Discuss African Metal Deals

September 10, 2023September 10, 2023 Constance

The United States and Saudi Arabia are reportedly in discussions to secure vital metals from African sources as part of their energy transition efforts, according to sources cited by the Wall Street Journal. A Saudi state-backed venture is exploring the acquisition of mining stakes valued at $15 billion in African nations like the Democratic Republic of Congo, Guinea, and Namibia. This arrangement would grant US companies the option to purchase a portion of the production. This development comes as the US races to compete with China for access to cobalt,… Read More Here

International Artisanal mining Gold

Mongolian Artisanal Miners receive Trained in Health, Safety, and Rescue Operations

September 8, 2023September 8, 2023 Constance

In an effort to enhance the well-being and safety of artisanal and small-scale miners (ASM) in Mongolia, the planetGOLD Mongolia project joined forces with the Emergency Management Division (EMD) of Mandal soum, Selenge province, Mongolia, for a comprehensive two-day training program on August 29 and 30, 2023. The training aimed to equip ASM miners with essential knowledge in operational health and safety, ASM sector legislation, risk mitigation, and rescue operations. Day One: Building a Foundation The first day of training saw a multi-faceted approach to equipping miners with the necessary… Read More Here

International Economy

Botswana Aims to Expand and Diversify Its Mining Economy

September 6, 2023September 6, 2023 Constance

Botswana is looking to diversify its commodity portfolio, President Mokgweetsi Masisi said in Perth on Wednesday. Speaking on the first day of the Paydirt Africa Downunder conference, Masisi said that in order to diversify the country’s mineral portfolio, the government has embarked on a number of projects to identify the potential for mineral resources and to digitise and make geoscience information readily available to private investors in an effort to encourage prospecting. The Botswana Geoscience Institute (BGI) has been tasked with an aggressive systematic exploration programme to raise the current programme of prospectivity… Read More Here

International Copper

South African Miners join race to buy Khoemacau Copper mine

September 6, 2023September 6, 2023 Constance

At least three South African miners are in the running to buy Botswana’s Khoemacau copper mine that is home to one of Africa’s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset. Johannesburg-listed Impala Platinum, Exxaro Resources and Sibanye Stillwater are weighing bids for the copper and silver mine in Botswana, said the sources with knowledge of the matter, who declined to be named due to the sensitivity of the information. A number of unnamed Chinese investors, are also… Read More Here

International Copper

197 investors sue Glencore over “untrue statements” in its prospectuses

September 4, 2023September 4, 2023 Constance

Atotal of 197 funds are seeking damages from Swiss mining giant Glencore over allegations that the company made misleading or untrue statements in its prospectuses to cover up corrupt activities. The claimants, which include funds managed by Abrdn , Fidelity, HSBC, Invesco, Legal & General and Vanguard, have alleged that they suffered financial losses as a direct result of “untrue statements” and omissions in Glencore’s 2011 prospectus for its listing on the London Stock Exchange. They are also suing for misleading information in the company’s 2013 prospectus relating to its merger… Read More Here

International Equipment & Technology

Bell Equipment Launches BETA Parts for Budget-Conscious Customers

September 1, 2023September 1, 2023 Constance

Bell Equipment has unveiled Bell Equipment Trusted Alternative (BETA) Parts in a bid to provide a competitive alternative to its customers for mature Bell machines or when faced with budget constraints. The new initiative has been introduced after the company recognised a need in the market for a middle-range parts offering. “BETA Parts has been designed to bridge the gap between new Bell Parts, being our premium quality parts designed to OEM specifications and used in production, and Bell ReMan, which are major components that have been remanufactured to meet… Read More Here