International - Copperbelt Katanga Mining

Glencore faces flood of UK litigation following bribery charges

October 12, 2022October 12, 2022 admin

Glencore Plc faces a raft of class-action style lawsuits from investment and pension funds in the UK, months after the mining giant pleaded guilty to market manipulation and bribery. Mubadala Investment Company and International Petroleum Investment Company are among over a dozen funds who filed claims at a London court against Glencore and a group of its executives in recent weeks, according to court records. While there is no public record of what the claimants allege, people familiar said it was linked to the more than $1 billion fine Glencore… Read More Here

Gold International

Gold price declines after US jobs data spur more rate-hike concerns

October 11, 2022October 11, 2022 admin

Gold extended a decline after plunging below $1,700 an ounce last week, as strong US jobs data intensified concerns that the Federal Reserve will remain aggressive with rate hikes. The metal came under pressure from the stronger dollar Monday amid weak risk sentiment in equity markets. Relentless Fed policy tightening has weighed on the asset through the year, causing a 19% plunge from its year-high in March. The precious metal last week had its largest weekly gain since July, though trimmed the advance after nonfarm payrolls data on Friday showed… Read More Here

Diamond International

Zimbabwe’s RioZim buys Namibian diamond mine to expand in Africa

October 10, 2022October 10, 2022 admin

RioZim has bought Sperrgebiet Diamond Mine in Namibia as the Zimbabwean group seeks to expand in Africa. “The group has been trying to broaden its footprint in the mining industry in Africa and this acquisition was part of the strategy,” Tawanda Andrew Chiurayi, RioZim’s group company secretary, said in a written response to questions from Bloomberg News. “We also want to diversify our assets and geographies.” Chiurayi declined to disclose the amount RioZim paid for the mine. The acquisition cost $58-million, people familiar with the matter said, asking not to be named as the price hasn’t… Read More Here

International Mining Personality

Antler Gold Appoints Christopher Drysdale as Chief Executive Officer

October 10, 2022October 10, 2022 admin

Antler Gold Inc.is pleased to announce that it has appointed Christopher Drysdale as Chief Executive Officer (“CEO”) effective immediately. Mr. Drysdale replaces Daniel Whittaker, who will assume the position of Executive Chairman. This appointment will allow Antler to continue building and expanding on its business. In March 2022, Antler announced that it had entered into an agreement with Sherpa Resource Holdings Ltd to form a new corporation, the “Project Generator”, to generate exploration opportunities and projects. Mr. Whittaker stated, “Chris has played a critical role in the growth of Antler… Read More Here

Gold International

Antler Gold Announces Additional Terms to Acquire the Onkoshi Gold Project in Namibia

October 10, 2022October 10, 2022 admin

On April 13, 2022, Antler Gold Inc. announced that it and its wholly owned subsidiary, Antler Gold Namibia (Pty) Ltd. (“Antler Namibia“) had entered into a binding agreement dated April 13, 2022 to acquire 90% of the Onkoshi Gold Project (the “Project“) in Namibia (the “Original Agreement“) from an arm’s length vendor. The Agreement was subsequently amended by an amending agreement dated as of July 20, 2022 (together with the Original Agreement, the “Agreement“). The Project will be held in Antler’s project generation vehicle (“Project Generator“) owned 87.5% by Antler and 12.5%… Read More Here

Gold International Mining Companies

Harmony Gold expands into copper with $230m project buy

October 7, 2022October 7, 2022 admin

South African miner Harmony Gold (JSE: HAR) (NYSE: HMY) is expanding into the copper market with the acquisition of Copper Mountain Mining’s (ASX: C6C) (TSX: CMMC) Eva project in Australia, in a deal worth $230 million. The company said the project, situated in Queensland, adds 1.72 billion pounds of copper, and 260,000 ounces of gold to its mineral reserves. Until now, the company’s only exposure to copper, which is critical to the global energy transition, was through its stake in the Wafi-Golpu joint venture with Newcrest in Papua New Guinea, where the partners have been… Read More Here

Equipment & Technology International Mining technology

Komatsu introduces new WX03 LHD for narrow vein mining

October 7, 2022October 7, 2022 admin

Load-haul-dump (LHD) machines are a mainstay of any underground hard rock operation. Engineered for the most demanding mining environments, the Komatsu WX03 LHD is a 3-tonne diesel-powered heavy-duty machine designed for especially small, narrow vein applications with limited maneuvering space. This solid LHD features simple operation controls and a rugged long-life structure specifically designed for ease of use and ease of maintenance with an onboard self-diagnostic user interface. With an efficient powertrain and hydraulic system designed for improved performance, as well as a modern operator compartment with easy-to-use controls, this… Read More Here

Technology & Innovation International Sponsored Content

LED Lighting Solution for Metical Square | BEKA Schréder

October 6, 2022October 6, 2022 arnbethnic

The Bank of Mozambique, in partnership with the Municipality of Pemba, has built the Metical Square on Wimbi beach in Pemba, Mozambique. This forms part of a countrywide rollout of monuments celebrating the local currency. BEKA Schréder is proud to have supplied the LED lighting solution for this prestigious project. The Metical Square has been built in a popular tourist spot and has created social areas for locals and tourists to enjoy, over and above the cultural value of the monument. BEKA Schréder’s lighting solution was chosen for the aesthetical… Read More Here

Equipment & Technology International Mining technology

How Drones are Lifting Off in the Mining Industry

October 6, 2022October 6, 2022 admin

Drones are becoming increasingly popular in the mining industry due to numerous advantages, including better productivity, safety, and reduced costs. They have a range of applications in the sector, all tied to their ability to enhance data collection for various mining tasks. Image Credit: mineronbaystreet/Shutterstock.com Drone Use on the Rise in Mining The consultancy and research organization, GlobalData, recently published the results of four years’ worth of mine site operator surveys for both surface and underground mines. They found that drone use is on the rise across the industry. In 2018,… Read More Here

Uranium International Mining in Zambia

GoviEx Uranium doubles financing on strong investor demand

October 6, 2022October 6, 2022 admin

Due to strong investor demand, GoviEx Uranium (TSXV: GXU) has revised its agreement with Sprott Capital Partners to increase the size of the recently announced bought deal financing from C$5 million to C$10 million. Sprott, on behalf of a syndicate of underwriters, will now purchase 45.5 million units of the company at a price of C$0.22 per unit. Each unit issued under the offering will consist of one Class A common share and one-half of a common share purchase warrant. Each whole warrant is exercisable at the US dollar equivalent price… Read More Here