International - Copperbelt Katanga Mining

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

International Mining Equipment News in Brief

Sandvik wins SEK 460 million mining equipment order in Australia

July 11, 2023July 11, 2023 Constance

Sandvik has received a major order from a customer in Australia for the supply of underground mining equipment. The order includes Toro™ TH663i underground trucks, Toro™ LH517i and Toro™ LH621i underground loaders as well as a DD422i development drill rig with dual control. The order is valued at around SEK 460 million and was booked in the second quarter 2023. Delivery of the equipment is planned to begin in the third quarter 2023 and continue into the second quarter 2025. Read More Here

Gold Exploration International

Successful Exploration Continues to Extend Tongon’s Life of Mine

July 7, 2023July 7, 2023 Constance

Originally scheduled for closure in 2020, the life of Barrick’s Tongon gold mine continues to be extended through successful exploration campaigns. Speaking at a media briefing on Wednesday July 5th general manager Hilaire Diarra said that since Tongon poured its first gold in 2010, the mine has contributed $2.2 billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers. “Extending its life will help ensure that Tongon is still able to share the value it creates with all its Ivorian stakeholders continuing… Read More Here

International Copper

Austral finds potential extra 10,000 tonnes of copper to replace mined ore at Anthill

July 7, 2023July 7, 2023 Constance

Austral has released a concept mining study indicating that a further 10,000t of contained copper could be mined from its Anthill copper project in Queensland. This represents the addition of more than 20% of the produced copper oxide and sulphide to be mined from Anthill compared to the volumes estimated in the 2021 Feasibility Study and is due to a combination of higher copper prices and the addition of flotation to process high-calcium transitional and copper sulphide material. Importantly for Austral Resources (ASX:AR1), the increased copper inventory not only has the… Read More Here

Gold International

Kavango signs option over gold project in Zimbabwe

July 5, 2023July 5, 2023 Constance

Kavango Resources, a UK-based mining company focused on South Africa, has entered an exclusive two-year option to acquire Nara, a gold exploration project in Matabeleland, Zimbabwe. The Nara project includes 45 contiguous gold claims. According to the company, the project has the potential to host a bulk mineable gold deposit. Each of the gold claims is claimed to be at least ten hectares in size. The area of the project has supported historic high-grade underground mining and continuous surface mining on small-scale and custom milling over a 30-year period. It has… Read More Here

Diamond International

De Beers renews diamond sales deal with Botswana

July 5, 2023July 5, 2023 Constance

Diamond producer De Beers Group and the Botswana Government have reached an agreement in principle on renewing their rough diamond sales agreement for another ten years through to 2033. This new agreement is expected to drive Debswana, the joint venture between De Beers and the Botswana Government, through long-term investment. The parties also agreed on a 25-year extension of Debswana mining licences until 2054. It will focus on four key areas, namely demonstration of industry leadership, Debswana’s future, economic diversification, and job creation in the country. As per the agreement,… Read More Here

Copper International

Glencore offers to take sole control of PolyMet Mining

July 5, 2023July 5, 2023 Constance

Mining giant Glencore has submitted a non-binding offer to PolyMet Mining to purchase the outstanding common shares it does not already own in the latter for $2.11 per share. The bid price is at par with PolyMet’s rights offering in April 2023. It marks a nearly 167% premium over the company’s stock close on 30 June 2023. The offer is subject to the execution of a definitive deal, along with clearance from PolyMet’s shareholders. Glencore currently owns 159 million shares in PolyMet, representing a stake of nearly 82.19%. Glencore also… Read More Here

Transport and Logistics International

US agency concludes assessment of Lobito Corridor

July 4, 2023July 4, 2023 Constance

Experts from the International Development Finance Corporation (DFC), a US government agency specializing in supporting private sector financial projects, met last week with the Board of Directors of the Port of Lobito, at the end of an assessment mission of two days to the employees of the Lobito Corridor, which included contacts with the Benguela Railway. The meeting between the United States (USA) mission, led by the director for Structured Financial Operations at the DFC, Nancy Rivera, and the Board of Directors of the Port of Lobito lasted two hours,… Read More Here

Technology & Innovation International

Susanne Norgren: A Trailblazer in Innovation Receives Prestigious Award

June 30, 2023June 30, 2023 Constance

Susanne Norgren, the brilliant mind behind numerous groundbreaking tools produced by Sandvik, has been recognized for her exceptional ability to find innovative solutions to material challenges. Her invaluable contributions have earned her the esteemed Gunnar Wallquist Bergsmedalj, a highly prestigious award in the field. With her deep expertise in combining theoretical calculations with practical experiments, Norgren has revolutionized technologies such as Sandvik cemented carbides and PowerCarbide®, enhancing drilling operations, improving safety, and advancing rock technology. Driving Innovation through Research and Collaboration: Norgren’s journey to success has been characterized by her… Read More Here