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Category: International

Ghana to Launch First Large-Scale Gold Mine in Over a Decade 1 Gold International 

Ghana to Launch First Large-Scale Gold Mine in Over a Decade

Constance
Ghana, Africa’s leading gold producer, will commission its first large-scale greenfield mine in over a decade this November, with an expected annual production of more than 350,000 ounces. The Cardinal Namdini mine, owned by Cardinal Resources, a subsidiary of Shandong Gold, received its license in 2020. Ghana, also the world’s second-largest cocoa producer, has faced a decline in gold exploration over the past decade, limiting new projects and reducing output from major miners. However, Martin Ayisi, CEO of the Minerals Commission, announced that three additional mines, including a lithium project,… Read More Here
Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access 2 International Electricity 

Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access

Constance
Tanzania’s power sector, while struggling to provide electricity to the entire country, boasts the lowest electricity prices in East Africa, thanks to government subsidies. Judith Kapinga, Tanzania’s Deputy Minister of Energy, recently disclosed that the country has the cheapest electricity tariffs in the East African region. She attributed this to government subsidies that help reduce costs for consumers, as reported by The Citizen. Speaking before Tanzanian MPs who sought a status update on the Julius Nyerere Hydro Power Project, Kapinga emphasized that these subsidies ensure Tanzanians enjoy the lowest electricity… Read More Here
Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory 3 International 

Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory

Constance
Malawi is on the verge of becoming a major player in the global clean energy transition due to its rich mineral resources, according to the Ministry of Mining. The country’s diverse mineral wealth is poised to drive clean energy production, potentially positioning Malawi as a leader in renewable energy. Andrew Chisamba, Director of Administration at the Ministry of Mining, announced the imminent inauguration of a state-of-the-art mineral laboratory. Currently in its final stages of preparation, the laboratory is set to begin operations next month. It will be instrumental in reducing… Read More Here
BHP moves ahead with expansion of Olympic Dam copper refinery 4 International Copper 

BHP moves ahead with expansion of Olympic Dam copper refinery

Constance
BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia, as global miners ramp up their efforts around the key metal for greener energy transition. The world’s largest miner on Friday said the government of South Australia has begun an application and assessment process for the expansion, citing a notification in the South Australian Government Gazette. BHP is strengthening its efforts in copper expansion, given the commodity’s extensive role in the global shift towards greener energy and a… Read More Here
Senegal Halts Mining Along Faleme River to Protect Environment and Communities 5 International 

Senegal Halts Mining Along Faleme River to Protect Environment and Communities

Constance
Senegal has suspended all mining activities for nearly three years along its side of the southeastern Faleme River in a move to protect the environment and support local communities impacted by a surge in artisanal gold mining. The decree, aimed at curbing pollution from mining-related dredging and chemical discharges, affects a 500-meter stretch of Senegalese territory along the river’s left bank and will remain in place until June 30, 2027. The Faleme River, which originates in the uplands of Guinea, flows along much of Senegal’s border with Mali before joining… Read More Here
FQM Seeks Compensation from Panama Over Stranded Copper Stockpile 6 International Copper 

FQM Seeks Compensation from Panama Over Stranded Copper Stockpile

Constance
First Quantum Minerals is pursuing compensation from Panama for a stockpile of semi-processed copper ore stranded at its flagship Cobre Panama mine. The material, valued between $225 million and $340 million at current copper prices, has been idle for months while the Panamanian government assesses whether it was mined before or after the mine was ordered to close last year. The Canadian mining company has warned that the stockpile’s value could degrade over time and that leaving it idle poses environmental risks. First Quantum insists that Panama must either allow… Read More Here
CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024 7 International Coltan 

CMOC Group Anticipates Easing Cobalt Supply Pressure in H2 2024

Constance
China’s CMOC Group, the world’s largest cobalt producer, expects cobalt supply pressures to ease in the second half of 2024. Cobalt, essential in batteries and alloys, has seen prices plummet to near an eight-year low due to a surge in production outpacing demand, according to Fastmarkets data. CMOC forecasts that global supply growth will gradually stabilize. “Global cobalt resources are concentrated, and after the current supply surge, no significant new resources are expected for a long time,” CMOC stated while announcing a record first-half profit. “This should support medium- and… Read More Here
Mali's 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target 8 International Gold 

Mali’s 2024 Gold Production on Track to Meet or Exceed 57.3 Metric Ton Target

Constance
Mali, one of Africa’s leading gold producers, is set to meet or surpass its 2024 industrial gold production forecast of 57.3 metric tons, according to the country’s Ministry of Mines. Gold output from major mining companies, including Barrick Gold, B2Gold, Resolute Mining, Allied Gold, and Endeavour Mining, reached 30.5 tons in the first half of the year, exceeding the initial forecast of 28.4 tons by 7.2%, as per ministry data provided to Reuters. While the 2024 forecast is 14% lower than the 66.5 tons produced in 2023, the country remains… Read More Here
Sandvik to acquire Universal Field Robots 9 International Equipment & Technology Mergers & Acquisitions 

Sandvik to acquire Universal Field Robots

Constance
Sandvik has signed an agreement to acquire Universal Field Robots (UFR), a fast-growing Australia-based provider of autonomous interoperable solutions for the surface mining and underground mining markets. UFR will be reported in Digital Mining Technologies, a division within business area Sandvik Mining and Rock Solutions. UFR’s solution portfolio is built on a common autonomy platform, which is a strong complement to Sandvik’s automation offering and includes OEM (Original Equipment Manufacturer) agnostic robotic and autonomous solutions for trucks, loaders and auxiliary equipment. The acquisition will help to increase the addressable market… Read More Here
Hitachi introduces new-gen excavator, backhoe loader to Southern Africa 10 International Mining Equipment 

Hitachi introduces new-gen excavator, backhoe loader to Southern Africa

Constance
Japanese multinational Hitachi’s African business, Hitachi Construction Machinery Africa (HCAF), is making available to the Southern African market the Zaxis 7G Series excavator and the BX100 Shinrai-Power backhoe loader. These machines introduce higher efficiencies and increased safety for the mining and construction sectors, complementing its existing range of excavators, wheel loaders and rigid dump trucks in the region. HCAF sales and marketing director Riaan Carstens says the increasingly turbulent economic environment is putting more pressure on customers to remain competitive. The new product offerings, with their focus on high productivity… Read More Here

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