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Category: International

Australian company pioneers dynamic charging for electric mining trucks 1 International Mining Equipment 

Australian company pioneers dynamic charging for electric mining trucks

Constance
Headquartered in Brisbane, Australia, BluVein is working with a suite of OEM truck companies to develop dynamic charging technology to enable mining vehicles to be recharged while in operation. When commercialised, the advanced technology will allow higher utilisation rates of electrified mining trucks, faster and easier installation and relocation and less maintenance. BluVein started as a partnership between Brisbane based engineering company Olitek and a European-based electric highways developer. BluVein has adapted the technology for harsh mining applications. The BluVein system comprises a “hammer” which senses and connects with a… Read More Here
Ghana's Collateralized Loans from China Jeopardize Energy Sales and Mineral Resource Earnings 2 International Economy 

Ghana’s Collateralized Loans from China Jeopardize Energy Sales and Mineral Resource Earnings

Constance
The International Monetary Fund (IMF) has provided information regarding how Ghana’s four collateralized loans from China have put the government at risk of losing future energy sales as well as a portion of the earnings from its mineral resources. Since the year 2000, Ghana has relied on Chinese loans as a consistent source of finance for large-scale projects. Accra has accumulated close to $5 billion from at least 41 Chinese loans over the course of two decades. With a current external debt portfolio surpassing $30 billion, Ghana is presently debt-trapped… Read More Here
Iron Ore Price Falls Below $100 Per Ton in China this week 3 International Iron Ore 

Iron Ore Price Falls Below $100 Per Ton in China this week

Constance
The price of iron ore fell Wednesday 24th May, languishing below $100 a ton, as steel prices crashed in China. A weaker yuan added to the gloomy mood as Shanghai rebar futures hit their lowest level in more than six months. Benchmark fines of 62% Fe imported into North China fell 3.22% to $97.83 a ton, the lowest since November. The most traded iron ore in September on China’s Dalian Commodity Exchange ended the day down 4.6% at 682.50 yuan ($98.74) a ton, hitting its lowest since May 5 at… Read More Here
Lubu Project begins washed coking coal production in Zimbabwe 4 International Coal 

Lubu Project begins washed coking coal production in Zimbabwe

Constance
Contango Holdings Plc, a natural resource development company, has announced that the production of washed coking coal has commenced at its flagship Lubu Coking Coal Project in Zimbabwe. Stockpiles of coking coal have already been established by the Wirtgen Surface Miner which can mine at a rate of up to 1,000 tonnes per hour of coking coal.  The company will continue to undertake studies on washed coal production to ensure optimisation and samples will also be sent to several parties who have indicated they would look to enter into long-term offtake contracts.… Read More Here
Marula Mining Establishes Independent Subsidiary for Copper and Graphite Operations 5 International Copper 

Marula Mining Establishes Independent Subsidiary for Copper and Graphite Operations

Constance
Marula Mining, a prominent mining company, has recently announced the establishment of its wholly owned subsidiary in Kenya, named Muchai Mining Kenya. This subsidiary will focus on securing both near-term and advanced mining opportunities for copper and graphite in the region. highlights of this development: Muchai Mining Kenya: Muchai Mining Kenya will serve as Marula’s dedicated operating entity for copper and graphite mining in Kenya. As a 100% wholly owned subsidiary, it will strengthen Marula’s presence in East Africa. Extensive Due Diligence: The decision to establish Muchai Mining Kenya follows… Read More Here
Sandvik introduces largest top hammer drill rig 6 International Mining Equipment 

Sandvik introduces largest top hammer drill rig

Constance
With the arrival of the very first Pantera™ DP1600i, customers in southern Africa can now expect to drill larger holes of up to 178 mm using a top hammer drill rig. The end result is a significant reduction in fuel consumption and total drilling costs compared to down-the-hole (DTH) drilling. That top hammer drills have always been limited in terms of hole sizes is no overstatement. To provide context, the previous Pantera™ DP1500i – Sandvik’s legacy machine – could only drill holes up to 152 mm in diameter, and anything… Read More Here
Gold price falls to USD 1,981 per ounce 7 International Gold 

Gold price falls to USD 1,981 per ounce

Constance
Gold prices fell further on Wednesday 17th May as the dollar rose after comments from U.S. Federal Reserve officials cast doubt on interest rate cuts this year. Spot gold fell another 0.3% to $1,981.95 an ounce, after falling below $2,000 the previous session. US gold futures fell 0.4% to $1,985.60 an ounce. Meanwhile, the U.S. dollar index hit a six-week high, eroding the appeal of bullion, which also rivals the currency as a safe haven, especially among overseas buyers. Reiterating the central bank’s determination to contain inflation, Chicago Fed Chair Austan… Read More Here
Ivanhoe Electric and Ma’aden Finalize Exploration JV and Investment 8 International 

Ivanhoe Electric and Ma’aden Finalize Exploration JV and Investment

Constance
 Ivanhoe Electric Executive Chairman, Robert Friedland and President and Chief Executive Officer, Taylor Melvin announced yesterday 15th May the signing of a Definitive Agreement with Saudi Arabian Mining Company Ma’aden (“Ma’aden”) (Saudi Stock Exchange Tadawul: 1211), finalizing the terms of the transactions was announced on January 11, 2023. Mr. Friedland commented: “We are excited to finalize our transaction terms with Ma’aden and begin the important work of minerals exploration in the Kingdom of Saudi Arabia. Our joint venture will embark on the largest exploration program ever conducted using our highly… Read More Here
Advancements in Angola's Mineral Resources, Oil, and Gas Sector 9 International 

Advancements in Angola’s Mineral Resources, Oil, and Gas Sector

Constance
The mineral resources, oil, and gas sector in Angola have witnessed significant progress between 2017 and 2022, marked by the allocation of mining rights for various valuable resources. Diamonds, gold, iron, copper, manganese, niobium, rare earth elements, ferrous metals, non-ferrous metals, base metals, limestone, silica sand, gypsum, ornamental rocks, basalt, phosphate, industrial minerals such as fluorite and beryllium, minerals containing lithium and cobalt, as well as mineral-medicinal waters, have all seen advancements in exploration and exploitation. This announcement was made by Minister Diamantino Pedro Azevedo during the opening of the… Read More Here
Angola Inaugurates Buco Zau Gold Project 10 Gold International New Mining Projects 

Angola Inaugurates Buco Zau Gold Project

Constance
Angola’s Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, has officially inaugurated the Buco Zau gold project, located in the Cabinda province in Northern Angola. With an installed washing capacity of 150 tons per hour, the project was developed by Angolan mining company Mineração Buco Zau, and is expected to play an instrumental part in supporting the Ministry’s diversification efforts. Speaking during the inauguration ceremony last week, Azevedo reiterated the role gold continues to play in the country, and that the Buco Zau project will likely be used as… Read More Here

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