International - Copperbelt Katanga Mining

Sandvik drives change, innovation in mining with upskilling

July 26, 2023July 26, 2023 Constance

Mining is fast embracing various automation and digital technologies, but to keep up with the rapid pace of operational change that this trend demands, everyone must keep learning says Sandvik Mining and Rock Solutions This is the message from Sandvik Mining and Rock Solutions Human Resources Development (HRD) Manager, Vusi Mnguni who warns that skills development as an enabler is pivotal to effective change management process. As a result, the company invests heavily in employee and customer development through its training academy at its Khomanani head office. This is made… Read More Here

International

Tribe Tech agrees sale of first gen autonomous RC rig to Anglo American

July 26, 2023July 26, 2023 Constance

Tribe Technology, the developer and manufacturer of autonomous drill rig and sampling technology, has announced an agreement with global mining company Anglo American for the deployment of its first generation autonomous Reverse Circulation Drill Rig. The TTDS GC 700 RC Drill Rig will be manufactured at Tribe Tech’s facilities near Belfast, Northern Ireland, with the sample system to be built at the company’s facility in Perth, Australia. While being among the most common mineral exploration methods globally, traditional RC drilling, due to the high-intensity nature of the process, coupled with… Read More Here

Gold International

Egypt agrees framework for mining terms with Barrick Gold and Centamin

July 21, 2023July 21, 2023 Constance

Egypt’s petroleum ministry said on Thursday July 20th that it had reached an agreement with mining firms Barrick Gold Corp and Centamin Plc on the commercial, fiscal and legal terms for exploitation of gold and associated minerals in a number of concession blocks they had been awarded. Centamin said in a separate statement that under the Model of Minerals Exploitation Agreement (MMEA) framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime. The MMEA does not apply to the 160km2 Sukari gold mine mining concession, which… Read More Here

International Coal Energy

Zimbabwe: Contango Secures 20,000 tpm Coal Offtake Agreement

July 19, 2023July 19, 2023 Constance

Natural resource development company Contango Holdings has signed a new offtake agreement with global commodity marketing firm TransOre International FZE for the sale of coal from the Lubu project in Zimbabwe. Under the terms of the deal, Contango will supply TransOre with 20,000 tons of washed coal per month at US$120/ton, in line with the current processing capacity at the project. Offtake has the potential to be further expanded as the mine’s production capacity increases. Carl Esprey, CEO of Contango, said the contract with TransOre doubles the firm’s existing offtake… Read More Here

International Gold

Barrick Receives Shares of Cascadia Minerals Pursuant to Previously Announces Spinout

July 17, 2023July 17, 2023 Constance

Barrick Gold Corporation announced that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals Ltd. (“Cascadia”) as partial consideration for the acquisition by Hecla Mining Company (“Hecla”) of all of the common shares of ATAC Resources Ltd. (“ATAC”) pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC (the “ATAC Arrangement”). The Cascadia common shares owned by Barrick represent approximately 10.1% of Cascadia’s issued and outstanding common shares. Prior to completion of the ATAC Arrangement and the spin-out of Cascadia pursuant to… Read More Here

Gold International

Stronger Q2 Puts Barrick On Track to Achieve 2023 Targets

July 14, 2023July 14, 2023 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday July 13th reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. As previously guided, Barrick’s gold and copper production in 2023 is expected to increase through the year with the second half being higher than the first six months of 2023. The Company remains on track to achieve full year gold and copper guidance.1 The average… Read More Here

Battery Metals Copper International

Critical mineral projects set to catch up with projected boom in demand

July 13, 2023July 13, 2023 Constance

SUPPLY of critical metals is catching up with an anticipated boom in demand following a 50% jump in investment over the past two years, said Bloomberg News. Citing a report by the International Energy Agency (IEA), the newswire said critical minerals were therefore less likely to stymie the transition to a low carbon economy. “We look at the situation after raising alarm bells, and we are of the view that governments and companies have responded to this rather challenging situation,” Fatih Birol, the head of the IEA, said in an interview… Read More Here

International Partnership

EU and Germany join forces to boost Rwanda’s mining sector

July 12, 2023July 12, 2023 Constance

This collaborative effort between the EU, Germany, and RMB aims to bolster Rwanda’s contribution to the regional, continental and global mining industry During the EU-Rwanda Business Forum in Kigali, the Rwanda Mines, Petroleum, and Gas Board (RMB) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH launched the ‘Sustainable Development of the Mining Sector in Rwanda’ project – underscoring their commitment to driving sustainable growth in the country’s mining industry. The project launch, officiated by EU Director-General for International Partnerships, Mr. Koen Doens; RMB CEO, Amb. Yamina Karitanyi and GIZ… Read More Here

Battery Metals International Lithium

Bikita Minerals Completes Dual Lithium Processing Plant in Zimbabwe

July 11, 2023July 11, 2023 Constance

Chinese mining conglomerate Sinomine Resource Group has completed the construction of a dual lithium processing plant at the group’s 10.8-million-ton Bikita mine in Zimbabwe. Commissioned in January 2022 following the Chinese group’s acquisition of the mine in a $180 million transaction, the plant will produce up to 300,000 metric tons of spodumene concentrate and 480,000 tons of petalite per year. The processing facility comprises a Gravity Separation Plant and a Flotation plant, enabling the mine to start processing spodumene while increasing the production of petalite from the current 50,000 tons… Read More Here

International Gold Partnership

Twiga Transforms Tanzanian Mining, Sets Standard for Industry

July 11, 2023July 11, 2023 Constance

Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said yesterday July 10th. Briefing media at a mine visit, Bristow said in 2019 when Barrick took control over North Mara and Bulyanhulu — the mines that now form the Twiga complex — both were rundown and at a virtual standstill due to a deadlocked dispute between… Read More Here