International - Copperbelt Katanga Mining

Epiroc introduces the all-new water well drill rig Valoria VA20

September 10, 2021September 10, 2021 admin

Epiroc, a leading productivity partner for the mining, infrastructure and natural resources industries, introduces VA20 (Valoria) water well drill – a modular drill rig that delivers flexibility and productivity with a low investment. The VA20 is designed to meet the changing demands of the market while continuing to reduce total cost of ownership. The all-new VA20 rig is available in select regions including the markets of Africa, Asia, Middle East, South America and Latin America. Built with sturdy construction and rugged components, the VA20 drill rig ensures unsurpassed and proven… Read More Here

Equipment & Technology International Mining technology

Brokk launches Pedestal Boom breaker boom system

September 10, 2021September 10, 2021 admin

Sweden-based remote-controlled demolition company Brokk has introduced the Brokk Pedestal Boom, which is a compact, stationary breaker boom system for the mining and aggregates industry. Brokk’s new machine range is designed to allow operators to apply the power and precision of Brokk’s demolition robots to primary breaking tasks that feed mobile crushers, jaw crushers, gyratory crushers and grizzlies. The Brokk Pedestal Boom offers an improved range of motion by pairing Brokk’s three-part arm system with 360° slewing to increase versatility in underground applications. It can be operated via tethered remote… Read More Here

Gold International

Asante Gold traces plan to fast-track Bibiani to production

September 10, 2021September 10, 2021 admin

Canada’s Asante Gold (TSX-V: ASE), a pure gold exploration and development company, has outlined plans to fast-track its newly added, past-producing Bibiani gold mine in Ghana into production. The Vancouver-based company, which completed the acquisition of Bibiani from Australia’s Resolute Mining (ASX, LON: RSG) mid-August, said local company Harlequin International had already kicked off the revamp of the three million tonne per year processing plant. The mill refurbishment is expected to employ up to 300 people and be finished in June 2022, Asante said. BIBIANI’S MILL REFURBISHMENT IS EXPECTED TO EMPLOY UP TO 300 PEOPLE AND BE FINISHED IN JUNE 2022 The junior noted it was also working on design and planning initiatives for other… Read More Here

Diamond International

Lucara board approves $514m Karowe mine expansion

September 10, 2021September 10, 2021 admin

Canada’s Lucara Diamond (TSX: LUC) has announced its board has formally accepted a planned underground expansion of the Karowe mine in Botswana, which is expected to extend the operation’s life for 20 years — until 2040. The Vancouver-based miner said the approval follows the financial closure and satisfaction of all conditions precedent to a $220-million debt package, announced in July. Lucara said the first $170 million would be available in mid-September, adding that total costs will be largely covered via a combination of loans, cash resources and equity financing. MOVING KAROWE UNDERGROUND WILL ALLOW LUCARA TO EXPLOIT THE HIGHEST VALUE PART OF THE OREBODY AND EXTEND THE MINE’S LIFE FOR 20 YEARS — UNTIL 2040 Moving Karowe underground, a plan announced… Read More Here

Gold International

Gold back below $1,800!

September 10, 2021September 10, 2021 admin

Easy come, easy go. The yellow metal rallied on Friday just to plunge on Tuesday. What’s your next move, Mr. Gold? Ugh, the recent rally in gold prices was really short-lived. As the chart below shows, the price of gold increased after the publication of disappointing nonfarm payrolls on Friday. However, it declined as soon as on Tuesday, and on Wednesday it slid below $1800. I have to admit that I expected a more bullish performance. To be clear: I was far from opening champagne. For instance, I pointed out that the tapering of quantitative easing remained on the… Read More Here

Equipment & Technology International Mining Supply Tenders Mining technology

Epiroc wins China $23M mining equipment order

September 10, 2021September 10, 2021 admin

Sweden’s Epiroc has won an order for mining equipment and service from Dazhong Mining in China worth SK200 million (US$23 million). Epiroc said the machines, which include Boomer face drilling rigs, Simba production drilling rigs, and Boltec and Cabletec rock reinforcement rigs, will be used to expand two of the company’s underground iron ore mines. “Dazhong Mining has ordered a variety of rigs for face drilling, production and rock reinforcement for use at the Zhouyoufang and Zhongxinji mines in the Anhui Province.” The order is valued at about MSEK 200 and… Read More Here

Equipment & Technology International Mining Equipment

MEDATech launches software to optimise electric vehicles

September 9, 2021September 9, 2021 admin

Canada-based custom mobile heavy equipment provider MEDATech has introduced its Electric Vehicle Fleet Optimization Software (EV-FOS) in time for MINExpo 2021, which will take place in Las Vegas, US next week. MEDATech described its new product as “the Deswik of underground fleet EV electrification” that will help mining companies with the climate of growing pressure to reduce CO2 emissions. The software has been in development for four years in collaboration with the Bauman Lab for Electrified Powertrain Research at McMaster University in Ontario. The software, which is built in MATLAB, approaches… Read More Here

Mining technology International

How IoT Technology is Transforming the Mining Industry

September 9, 2021September 9, 2021 admin

We take a look at some of the challenges faced by mining organisations on a day-to-day basis, and mining technology can help leaders overcome complications In the digital period, technology is thoroughly changing how organisations operate. Asset-intensive enterprises like utilities, oil and gas, energy, manufacturing and construction are progressively deploying IoT solutions to conduct operations more productively and lower costs. As the population keeps on growing, there is increased pressure on the mining business. With every industry utilising new technologies to bolster proficiency, cost savings and growth, the mining industry… Read More Here

Diamond International Mining in DRC

Angola to over take DRC for a 4th place in global diamond production

September 8, 2021September 8, 2021 admin

Global production of rough diamonds is expected to recover 1.4% to 112.99 million carats (Mct) in 2021, after registering an estimated decline of 19.4% to 111.4Mct in 2020, due to the COVID-19 pandemic, according to GlobalData. The leading data and analytics company notes that significant production recoveries are expected in Botswana (+ 37%), Canada (+ 16.6%) and Angola (+ 26.3%). Vinneth Bajaj, Associate Project Manager at GlobalData, commented: “Global production will only increase slightly due to the closure of the Argyle mine in Australia in November 2020, alongside moderate growth… Read More Here

Gold International

Gold price set for biggest intraday loss in a month

September 8, 2021September 8, 2021 admin

Gold extended its losses on Tuesday and is on course for its biggest intraday drop in nearly a month, as a buoyant dollar and higher yield took the shine off the safe-haven metal. Spot gold fell 1.6% to $1,794.17 per ounce by 11:10 a.m. EDT. US gold futures were down 1.9%, trading at $1,799.10 per ounce in New York. In the meantime, the US dollar rose 0.5% against its rivals, making bullion more expensive for holders of other currencies. “The gold market is seeing some retracement” with the dollar likely… Read More Here