International - Copperbelt Katanga Mining

Caterpillar celebrates 130 years of earthmoving innovation in South Milwaukee, Wisconsin 1

The year – 1893. Only 44 of today’s 50 states formed the union, and Grover Cleveland was elected the country’s 24th president. College basketball was in its infancy, holding its first official game. And the Bucyrus Steam Shovel and Dredge Company opened a new manufacturing facility in South Milwaukee, Wisconsin, U.S.A., to improve and expand its production facilities. Since this point in history, the management decisions and equipment produced in South Milwaukee have not only changed the construction and mining industries but also the course of history. In the early… Read More Here

International Gold Mining Policy

Mali’s New Mining Code reinforces State participation

August 31, 2023August 31, 2023 Constance

Mali’s interim President, Assimi Goita, has promulgated a new Mining Code that will allow the military-led government to increase ownership or shareholder control of gold concessions and recover what it declares to be a large shortfall in production revenues. The new code, signed on state television on Monday night, will allow state and local investors to take up to 35 percent stakes in mining projects, up from 20 percent today, and could more than double the contribution of the sector to the Gross Domestic Product, to around 20 percent, indicated… Read More Here

Gold International

Gold Discovered at Mauritania’s Tijirit Mine

August 30, 2023August 30, 2023 Constance

Canadian mining company Aya Gold & Silver has made a sizeable gold discovery at the company’s Tijirit project, located in northern Mauritania. As part of the company’s recent surveys, results of a 25,176-meter drilling campaign have reportedly confirmed a high gold content. Reverse circulation and diamond drilling were the two types of drilling methods used by the Canadian mining company, measuring depths of 22,067 meters and 3,109 meters, respectively. One of the most noteworthy findings was from drill hole T23RC155, which revealed a concentration of 10.40 grams of gold per ton (g/t)… Read More Here

Gold Battery Metals International Nickel

Sibanye-Stillwater cuts gold, nickel and PGMs production for 2023

August 30, 2023August 30, 2023 Constance

SIBANYE-Stillwater announced cuts to production guidance for gold, nickel and platinum group metals (PGMs) owing to operational mishaps, a strike, and lower metal prices. Publishing his firm’s interim results for the six months ended June 30, Sibanye-Stillwater CEO Neal Froneman said steps had been taken to “minimize” the events. “The operating environment has been … demanding, with regional factors in our operating jurisdictions posing significant challenges,” he said. New gold production guidance of 625,000 to 660,000 ounces was 16% to 17% lower than forecast at the beginning of the year following a shaft… Read More Here

International Economy

Xi Jinping’s visit to South Africa builds new consensus on South-South cooperation

August 30, 2023August 30, 2023 Constance

Chinese President Xi Jinping’s trip to South Africa has strengthened the traditional friendship between China and Africa. At the same time, it has built a new consensus on South-South cooperation and added positive energy to peace and development. At least that’s what Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and Minister of Foreign Affairs, said on Friday, August 25, 2023 on the sidelines of the 15th BRICS Summit. Taking advantage of this visit, he co-chaired with his South African counterpart Cyril Ramaphosa… Read More Here

International Battery Metals Energy

China’s dominance a key factor in renewable energy subsidy wars

August 29, 2023August 29, 2023 Constance

One of the primary catalysts for the prevalent global emergence of subsidies within the renewable energy sector stems from the dominance of China, research firm BMI Research operational risk analyst Keaton Fitzpatrick has said. Speaking at a webinar hosted by BMI Research – a Fitch Solutions company – titled ‘Subsidy Wars and The Energy Transition, The Race To Develop Low Carbon Energy Manufacturing’ on August 24, he said China had unequivocally established its preeminence across the global energy supply chain, encompassing vital components of renewable energy, as well as the critical mineral provisions and corresponding market domains. One of the primary catalysts for the prevalent… Read More Here

Mining safety International

Chile Investigates Fatal Accidents at Anglo American, Minera ACF Mines

August 29, 2023August 29, 2023 Constance

SANTIAGO – Chile’s government has sent officials to investigate accidents at two mines in the South American country’s metropolitan and Tarapaca regions that killed three workers, it said on Sunday August 27th. Newly appointed Mining Minister Aurora Williams is closely monitoring the inspections, her ministry said in a statement. The country’s mining and geology service over the weekend announced the deaths – all on Saturday – of two workers at Anglo American’s Los Bronces copper mine some 64 km from the capital, Santiago, and one at Minera ACF, which produces iodine and nitrate in the northern Tarapaca region. In a statement on Sunday, Anglo American… Read More Here

International Copper

Orion Elevates Mineral Resource Estimate for the Flat Mines Area within its South African Project

August 29, 2023August 29, 2023 Constance

JSE- and ASX-listed Orion Minerals has reported an increase in the mineral resource estimates for three deposits that form part of the Okiep copper project (OCP), located in the Northern Cape province of South Africa, following a detailed review of the geology and remodeling of the deposits. A review of the geological interpretation at Flat Mine North, Flat Mine East and Flat Mine South has resulted in improved definition of the mineralized zones, together with an increase in the total mineral resources. Mineral resources at Flat Mine North, Flat Mine East and Flat Mine South now… Read More Here

International

Rio Tinto strengthens QMM relationship in Madagascar

August 29, 2023August 29, 2023 Constance

Rio Tinto has renewed its long-term partnership with the Madagascan Government on the sustainable operation of its QIT Madagascar Minerals (QMM) mine. Reaching an agreement on future fiscal arrangements for QMM in Fort Dauphin, the deal is set to enhance the benefits received by the people of Madagascar and support a sustainable future for the QMM mine. “Rio Tinto is committed to the responsible development of its mineral sands extraction business in Madagascar,” Rio Tinto iron and titanium managing director Sophie Bergeron said. “This agreement is a significant milestone to… Read More Here

Copper International Partnership

FQM and Rio Tinto Announce Completion of the La Granja Agreement

August 28, 2023August 28, 2023 Constance

Canadian firm First Quantum Minerals and mining major Rio Tinto have finalised the establishment of a joint venture (JV) to develop the La Granja copper project in Peru. Located at a high altitude in Cajamarca, Northern Peru, La Granja is a complex orebody with a potential for a large, long-life operation. The project’s indicated and inferred mineral resources total at 4.32 billion tonnes at 0.51% of copper. After fulfilling conditions such as regulatory clearances in Peru, First Quantum picked a 55% interest in the project from Rio Tinto, in a $105m deal.… Read More Here