International - Copperbelt Katanga Mining

Barrick Gold Suspends Operations at Papua New Guinea Mine Amid Deadly Clashes 1

Barrick Gold has suspended operations at the Porgera gold mine in Papua New Guinea following violent clashes that resulted in the deaths of two employees. The company halted mining activities to ensure the safety of its workers, with operations expected to resume on Thursday, according to a statement from Barrick’s local unit. Most of the mine’s workforce comes from nearby communities. The violence, which erupted about a week ago, involved two groups of illegal miners and has claimed at least 20 lives, according to Máté Bagossy, the United Nations’ humanitarian… Read More Here

Uranium International

Star Minerals Partners with Madison Metals on Namibia Uranium Project Near Rossing Mine

September 19, 2024September 19, 2024 Constance

Australia-listed Star Minerals has partnered with Canada-listed Madison Metals to advance a uranium project in Namibia’s Erongo region, close to the renowned Rossing uranium mine. Under the agreement, Star will invest $2.425 million over three years for exploration on the Cobra project, alongside making staged payments to Madison Metals. “We’re excited to add this significant foreign uranium estimate to our portfolio and collaborate with Madison to verify and enhance the resource while exploring the promising potential in the region,” said Star Minerals Chairperson Ian Stuart. He highlighted the company’s expertise… Read More Here

International Uranium

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

September 19, 2024September 19, 2024 Constance

ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here

Mining Personality International

Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign

September 19, 2024September 19, 2024 Constance

Aim- and AltX-listed Jubilee Metals has appointed Dr. Reuel Khoza to its board while announcing the resignation of CFO Neal Reynolds. Reynolds will step down after the release of the company’s financial results, scheduled for the week of September 30, to pursue new opportunities. Riaan Smit, currently CFO of Jubilee’s chrome and platinum group metals (PGM) division in South Africa, will serve as interim CFO until a permanent successor is found. Dr. Khoza, set to join Jubilee in October, brings extensive experience from both public and private sectors, having held… Read More Here

Mining Equipment International

Caterpillar affirms large mining truck product line commitment through the energy transition

September 19, 2024September 19, 2024 Constance

IRVING, Texas, September 19, 2024 – Caterpillar Inc. (NYSE: CAT) is reinforcing its commitment to deliver product design choices in alignment with customers’ operational, sustainability and productivity goals that increase the value of a machine throughout its lifetime. These designs align with Caterpillar’s strategy to deliver integrated site solutions to support customers today and through the energy transition. As the industry looks to the future, Caterpillar is purposefully designing a modular Cat® 793 large mining truck platform with powertrain flexibility. This platform will include diesel mechanical, diesel electric and battery… Read More Here

International Equipment & Technology Mining Equipment Press Release

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling

September 19, 2024September 19, 2024 Constance

KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here

International

Sibanye-Stillwater Reduces Production at US Mine, Secures New Metal Sales Deals

September 15, 2024September 15, 2024 Constance

Sibanye-Stillwater is cutting production at its US-based Stillwater palladium/platinum mine by 200,000 ounces per year and is close to finalizing additional prepayment deals on gold, chrome, and platinum, which could generate between $600 million and $700 million. These measures aim to strengthen the miner’s balance sheet after a challenging operating period that saw negative free cash flow of R7 billion in the first half of the year, leading the company to withhold its interim dividend. The company’s financial difficulties were primarily driven by persistently low prices for platinum group metals… Read More Here

International Gold

AngloGold Ashanti Launches $2.5 Billion Takeover of Centamin

September 15, 2024September 15, 2024 Constance

AngloGold Ashanti has initiated a $2.5 billion share and cash takeover of Centamin, the African gold miner producing 470,000 ounces annually. Centamin’s board has irrevocably supported the offer, which values Centamin shares at 163 pence, reflecting a 36.7% premium to its previous closing price and a 37.6% premium to its 30-day volume-weighted average price. Centamin operates the Sukari gold mine in Egypt, which produced 224,738 ounces in the first half of this year. The company recently completed a definitive feasibility study on its Doropo project in Ivory Coast, estimated to… Read More Here

International Transport and Logistics

Lobito Corridor to Reduce Oil Costs for Zimbabwe

September 15, 2024September 15, 2024 Constance

The development of Angola’s Lobito Corridor is expected to lower oil costs for Zimbabwe, according to Angolan Ambassador Thando Madzvamuse. Speaking on in Benguela after meeting with local government authorities, Madzvamuse highlighted the importance of the Lobito Corridor and its potential impact on Zimbabwe’s oil supply. Madzvamuse noted that once the Lobito Corridor is fully operational, Zimbabwe will begin receiving oil from Angola, reducing reliance on longer supply routes from South Africa and Mozambique. He emphasized that the corridor will help connect the Atlantic and Indian Oceans, allowing for more… Read More Here

International Copper

Andrada Mining Reports Promising Drilling Results at Brandberg West

September 15, 2024September 15, 2024 Constance

Andrada Mining CEO Anthony Viljoen has announced highly encouraging initial drilling results from the Brandberg West project, revealing significant high-grade intersections of tin, tungsten, and copper. The Brandberg West project is located within exploration license EPL 5445 in Namibia’s Erongo region, approximately 100 km from Andrada’s flagship Uis Tin Mine. Historically, the Brandberg West open pit mine was operated by Gold Fields Limited until the 1980s, when exploration ceased due to a global collapse in tin prices. The mine previously produced tin and tungsten concentrates with secondary copper, though the… Read More Here