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Category: International

South Africa Signs Eight Deals to Revamp Electricity Network with China 1 International Electricity Energy 

South Africa Signs Eight Deals to Revamp Electricity Network with China

Constance
South Africa signed eight agreements with Chinese companies to strengthen its electricity system and address load shedding on the sidelines of the 15th BRICS Summit, currently taking place in Johannesburg, South Africa. The pacts will assist South Africa to expand electricity generation, transmission and distribution networks as well upgrade its nuclear facility, extend the life of coal plants, deploy technologies to reduce emissions and build solar PV manufacturing facilities. The agreements were signed by Kgosientsho Ramokgopa, South Africa’s Minister in the Presidency for Electricity with Chinese entities including State Grid Corporation of China,… Read More Here
BRICS to Admit 6 New Members 2 International Economy 

BRICS to Admit 6 New Members

Constance
The BRICS economic coalition of emerging nations has announced that it will extend membership invitations to six nations including Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates (UAE).  Announced during the final day of the 15th BRICS Summit in Johannesburg, South Africa on 24 August, the BRICS alliance – which is currently composed of Brazil, Russia, India, China, and South Africa – has sought to expand the group as part of efforts to reshape global governance into a more diverse and inclusive world order that benefits the Global… Read More Here
Sandvik invests in increased rock drill production in Tampere 3 International Mining Equipment 

Sandvik invests in increased rock drill production in Tampere

Constance
To strengthen its position as a leading mining rock drill manufacturer, Sandvik is investing SEK260 million to increase its rock drill production capacity in Tampere, Finland. The phased expansion will initially increase production capacity by 25%, with the potential to increase by a further 20%. “We see continuously increasing demand for our rock drills for surface and underground mining and civil engineering applications, driven both by aftermarket growth and drilling equipment sales,” said Petri Virrankoski, President of Sandvik Mining and Rock Solutions’ Surface Drilling Division. “This investment will strengthen our… Read More Here
Trafigura metal executive Grenfell exits as unit pressure grows 4 International Battery Metals Cobalt Mining Personality Nickel 

Trafigura metal executive Grenfell exits as unit pressure grows

Constance
Trafigura Group’s head of metals business development is leaving, the latest sign of the pressure facing the commodity trader’s metals unit even as the company as a whole notches up record profits. Simon Grenfell is leaving Trafigura after just over three and a half years in the role, according to his LinkedIn profile. The company has appointed Matthew Hadfield as its new global head of business development for metals, said a person familiar with the matter, who asked not to be identified as the information is private. Trafigura’s metals business,… Read More Here
Perseus Mining posts 6.0% increase in African gold reserves 5 Gold International 

Perseus Mining posts 6.0% increase in African gold reserves

Constance
Perseus Mining Ltd. , an Australian company with a focus on Africa, has released an update on estimated mineral resources and ore reserves at its operations. The company currently operates three gold mines in Africa. They include the Edikan in Ghana, as well as the Sissingue and Yaoure mines in Cote d’Ivoire. It also owns the Meyas Sand Gold Project in Sudan, where employees were recently withdrawn following an outbreak of armed conflict. In a recent presentation, the company said 2023 financial year production was 535,281 ounces at an all-in-sustaining… Read More Here
South32 Deems Botswana Copper Mine Bidding "Rich" 6 International Copper 

South32 Deems Botswana Copper Mine Bidding “Rich”

Constance
Australian diversified miner South32 said while it has plenty of regional expertise, the sales process for Botswana’s Khoemacau copper mine was quite competitive. “It’s a competitive process, a bit rich for our blood to be honest,” CEO Graham Kerr told an earnings call on Thursday August 24th. The miner had picked investment bank RBC Capital to help it put together a bid for Botswana’s Khoemacau copper mine, a source told Reuters in June. SOURCE:mining.com Read More Here
Fortescue to build new 40 million tpa iron ore mine 7 International 

Fortescue to build new 40 million tpa iron ore mine

Constance
A Fortescue Metals Group subsidiary has filed for regulatory approval to build a new iron ore mine 80km north-west of Newman in WA. The $US2 billion (A$3.1 billion) Nyidinghu mine will produce roughly 40 million tonnes of iron ore each year for 26 years, with a first ore train expected in 2028. Chichester Metals, the subsidiary, has proposed a 92,301 hectare development envelope, which will include mine pits above and below the water table, an on-site ore processing from various sources, waste rock and tailings storage, an aerodrome, groundwater abstraction, surplus water management including… Read More Here
Sandvik delivers TH663i mining truck to Barminco at Zone 5 copper-silver mine in Botswana 8 International Copper Mining Equipment 

Sandvik delivers TH663i mining truck to Barminco at Zone 5 copper-silver mine in Botswana

Constance
Sandvik Mining has successfully delivered a cutting-edge 63 t class TH663i truck to the Zone 5 copper-silver mine, owned by Khoemacau Copper Mining in Botswana, in partnership with mining contractor Barminco. The operation is in the heart of the Kalahari Copper Belt. The Khoemacau operations are comprised of the Zone 5 underground mine and associated infrastructure, and the upgraded and expanded Boseto processing plant. The current operations can deliver 60,000 t/y copper and 2 Moz/y of silver in concentrate at full run rate. A planned Phase 2 expansion will more… Read More Here
Epiroc provides equipment financing to Trigon for Kombat mine restart 9 International Mining Equipment 

Epiroc provides equipment financing to Trigon for Kombat mine restart

Constance
Canadian miner Trigon Metals has secured $8.9m in  Financing from Epiroc South Africa to buy underground mining equipment to help relaunch operations at its Kombat copper mine in Namibia. The equipment will mainly include an underground mining fleet at the Kombat mine, where production is scheduled to ramp up from next April. Trigon bought the machinery through its Namibian unit, Trigon Namibia. Epiroc Financial Solutions has agreed to provide 85% of the purchase price worth $7.59m, with 15% of the down payment amounting to $1.33m to be paid upfront. The loan facility has a… Read More Here
Lucara Diamond Corp. Finds 692.3-Carat Diamond at Karowe Mine 10 Diamond International 

Lucara Diamond Corp. Finds 692.3-Carat Diamond at Karowe Mine

Constance
Lucara Diamond Corp. has recovered a 692.3-carat diamond from its Karowe mine in Botswana, the second massive rough from the deposit this month. The white, type IIa stone came from the EM/PK(S) unit in the south lobe, known for its large, high-quality rough, Lucara said on Monday 21st of August.  The miner found the diamond via its XRT unit, which uses X-ray technology to identify huge stones in large pieces of ore before they get broken up. The new discovery is the fourth diamond over 300 carats that Lucara has unearthed so… Read More Here

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