International - Copperbelt Katanga Mining

Askari Metals Completes Full Acquisition of Eyasi Uranium Project in Tanzania 1

Askari Metals has announced the full acquisition of the Eyasi Uranium Project in northern Tanzania through its subsidiary, Infinum Uranium. The project was identified as a highly prospective target for surface uranium deposits following an extensive review of geological and geophysical data. The Eyasi Uranium Project spans 292 km² and is located approximately 320 km northwest of Dodoma. The project’s geology is dominated by the Precambrian Eastern Granulite Complex and is associated with the East African Rift system. The region’s geological features suggest the presence of uraniferous fluvial channel systems,… Read More Here

International Mining Equipment Press Release

Caterpillar and IMA Engineering forge innovative collaboration for next-gen mining efficiency

October 8, 2024October 8, 2024 Constance

IRVING, Texas, October 7, 2024 – Caterpillar Inc. (NYSE: CAT), a global leader in construction and mining equipment, is excited to announce a new alliance with IMA Engineering to enhance Caterpillar’s innovative Cat® Precision Mining initiative. This collaboration aims to use cutting-edge technology to provide real-time, detailed information about ore, the raw material extracted in mining, enabling sites to improve the efficiency and accuracy of mining operations. CatPrecision Mining is Caterpillar’s advanced vision to improve every step of the mining process, from extraction to processing. By incorporating real-time data and… Read More Here

International Artisanal mining Gold

Ghanaians Protest Against Illegal Mining, Call for Government Action

October 8, 2024October 8, 2024 Constance

Hundreds of Ghanaians took to the streets for a second consecutive day, urging the government to crack down on illegal mining in the country, which is Africa’s top gold producer. Protesters carried placards demanding action to stop illegal mining, which they blame for polluting rivers and degrading soil across Ghana. A final day of demonstrations is planned for Saturday, according to a Bloomberg report. “This is not just a crisis; it’s a fight for the soul of our nation,” said Brownson Adatsi, lead convener of the Free The Citizens Movement,… Read More Here

International Mining Equipment

BHP to test Caterpillar’s new energy transfer system on its mining trucks

October 7, 2024October 7, 2024 Constance

BHP Group said it plans to test US-based equipment manufacturer Caterpillar’s new technology, which transfers energy to diesel-electric and battery-electric large mining trucks while they are working on a mine site. Caterpillar launched its Cat Dynamic Energy Transfer (DET) system earlier this month, saying that the use of this technology would lead to lower operating costs for miners and a reduction in greenhouse gas emissions. The DET system can also charge the batteries of electric trucks while they are under operation, providing extra speed and upgraded efficiency. Mining giant BHP… Read More Here

Copper Battery Metals International

Copper Demand Remains Strong Despite EV Sales Slowdown

October 7, 2024October 7, 2024 Constance

The demand for metals like copper, critical for electric vehicles (EVs), remains strong despite concerns over slowing EV sales, according to Tom Mackay, head of refined metals at commodity trader IXM. However, forecasting demand remains challenging as the market is still evolving. EV sales have slowed due to several factors, including inadequate charging infrastructure and concerns over resale values. “The electric vehicle industry is still in its early stages, with many variables such as penetration rates and battery chemistries, making accurate demand forecasting difficult,” Mackay explained. Despite the slowdown, EV… Read More Here

International Gold

Burkina Faso to Withdraw Mining Permits from Foreign Companies

October 7, 2024October 7, 2024 Constance

Burkina Faso plans to withdraw mining permits from certain foreign companies in an effort to boost its own gold production, announced junta leader Ibrahim Traore on Saturday. However, he did not specify which permits would be canceled. “We know how to mine our gold, and I don’t understand why we should allow multinationals to come and mine it,” Traore stated in a radio address marking two years since he took power in a coup. Traore confirmed the intention to revoke mining permits but provided no further details or specifications regarding… Read More Here

Gold International

Barrick-Tanzania Partnership Generates Bulk of Nation’s Mining Revenue

October 7, 2024October 7, 2024 Constance

The Twiga partnership between Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and the Tanzanian government is contributing 51% of the government’s revenue from the extractive industry, according to the latest report of the Tanzania Extractive Industry Transparency Initiative. Twiga comprises the North Mara and Bulyanhulu gold mines. Both mines also led the industry’s safety performance, with Bulyanhulu winning this year’s Occupational Safety and Health Award and North Mara named as the best company for caring for workers with special needs by Tanzania’s Occupational Safety and Health authority. Speaking to the media and local… Read More Here

International Copper

TotalEnergies Eyes Copper Trading to Capitalize on Energy Transition

October 7, 2024October 7, 2024 Constance

France’s TotalEnergies is exploring the possibility of expanding its oil trading operations into copper, aiming to benefit from the growing demand for metals driven by the global energy transition, according to a report by the Financial Times. Rahim Azouni, Senior Vice President of Crude, Fuel, and Derivatives Trading at TotalEnergies, revealed at a private conference in London that the company is “studying the case” for entering the copper trading market. However, no final decision has been made, according to sources present at the event. This move would follow the path… Read More Here

International Copper

Rio Tinto Chairman Calls for New Mines to Meet Energy Transition Demand

October 6, 2024 Constance

The world urgently needs new mines to meet the growing demand for essential energy-transition metals like copper, according to Rio Tinto Group chairman Dominic Barton. He stressed that mergers and acquisitions (M&A) alone won’t close the looming supply gap. “We can’t rely solely on inorganic growth through deals to solve this issue,” Barton said in a Bloomberg TV interview. “The challenge is vast, spanning at least five critical commodities.” While global mining M&A activity has surged recently, driven by strong cash flows and the demand for green energy metals, Barton… Read More Here

International Economy

Kristalina Georgieva Reappointed as IMF Managing Director for Second Term

October 4, 2024October 4, 2024 Constance

Kristalina Georgieva has been reappointed as Managing Director of the International Monetary Fund (IMF), beginning her second five-year term on October 1, 2024. The IMF’s Executive Board confirmed the decision on April 12, 2024, citing her influential leadership since taking on the role on October 1, 2019. Georgieva brings a deep well of experience, having previously served as CEO of the World Bank from January 2017 to September 2019, including a three-month stint as Interim President. Her distinguished career spans senior roles in the European Commission, where she served as… Read More Here