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Category: International

mponeng Covid-19 Gold International 

AngloGold shuts Mponeng mine after finding 164 coronavirus cases

arnbethnic, ,
AngloGold Ashanti’s Mponeng mine in South Africa has been temporarily closed after 164 workers tested positive for the coronavirus, the gold miner said in a statement on Sunday. The mine, the deepest in the world, only reopened in April after being shut under a nationwide lockdown and had been operating at around 50% capacity. It accounted for around 7.4% of the company’s total gold production in 2019.    THE MINE, THE DEEPEST IN THE WORLD, ONLY RE-OPENED IN APRIL AFTER BEING SHUT UNDER A NATIONWIDE LOCKDOWN AngloGold Ashanti, which also operates mines… Read More Here
Tanzania allows Barrick to ship out gold concentrate 1 Gold International 

Tanzania allows Barrick to ship out gold concentrate

arnbethnic
Barrick Gold (TSX:ABX) (NYSE:GOLD) will finally be able to ship gold concentrate containers out of Tanzania, which has been sitting at Dar es Salaam Port for three years due to a dispute over taxes between the country and the gold giant’s now-defunct subsidiary, Acacia Mining.    The decision comes four months after reaching a deal with Barrick, which ended the tax row and granted the government a stake in three gold mines operated by the Canadian gold giant through a joint venture — Twiga Minerals. BARRICK HAS PAID TANZANIA $100M TOWARDS THE $300M AGREED IN… Read More Here
Gold price nears a rare 3-week high 2 Gold Economy International 

Gold price nears a rare 3-week high

arnbethnic
Economic risk and uncertainty are driving a lion’s share of investor demand for gold. (Image: Lion Gate Statue at Twickenham Stadium – Wikimedia Commons) Gold price climbed again Thursday, approaching a three-week high, propelled by investor demand for safe-haven assets due to heightened concerns over long-term economic impact of the coronavirus crisis. Spot gold rose 1.0% to $1,733.20 per ounce, its highest since April 24. Gold futures for June delivery gained 1.5% to $1,741.80 on the Comex exchange. SPDR Gold Trust holdings, the world’s largest gold-backed exchange-traded fund (ETF), jumped to… Read More Here
World’s top mining companies committed to climate change solutions – ICMM 5 International 

World’s top mining companies committed to climate change solutions – ICMM

Copperbelt Katanga News
Twenty seven of the world’s leading mining and metals companies and 36 associations are committed to climate change solutions through their membership of the International Council on Mining and Metals (ICMM). The ICMM is an international organisation dedicated to a safe, fair and sustainable mining and metals industry and through the organisation’s climate change position statement, all members commit themselves to reducing emissions and supporting a low carbon future. “Our company members understand the urgent need for a global response to the threat of climate change and our mining principles,… Read More Here
Diamonds Mining in DRC Diamond International 

Russia, Congo, Botswana hold 80% of global diamond reserves

Copperbelt Katanga News
Diamonds reserves in Russia, Congo and Botswana combined account for at least 80.6% of the world’s total, estimated at about 1.1 billion million carats, a report released on Wednesday shows. According to data gathered by London-based Learnbonds.com, Russia has the largest reserves at 650 million diamond carats, representing about 52% of the global capacity. Congo comes in second with 150 million carats or 13% of the world’s total, the report shows, while Botswana takes the third place, with diamond reserves totalling 90 million carats. South Africa and Australia also account… Read More Here
IoT International Mining technology 

Mining companies keen to pursue IoT-enabled projects

arnbethnic
  Satellite communications services multinational Inmarsat’s research shows that 65% of mining organisations have fully deployed at least one Internet of Things- (IoT-) enabled project across their mine sites. It adds that the mining sector is in the midst of an IoT revolution. “The global mining sector is undergoing an IoT revolution, with respondents reporting significant increases in the adoption of connected technologies. Mining organisations reported successes in implementing projects to safeguard workers via remote tracking, to monitor drilling and to observe acid mine drainage remotely,”  Inmarsat Global MD Joe Carr says. According… Read More Here
Glencore Corporate social responsibility Economy International 

World’s largest wealth fund blacklists Glencore, Sasol and other giants over coal use

arnbethnic
OSLO – Norway’s $1-trillion wealth fund is excluding some of the world’s biggest commodities firms from its portfolio, including Glencore and Anglo American, because of their use and production of coal. Underlining the growing role of climate considerations for long-term investors, the fund is also excluding German utility RWE, South African petrochemicals firm Sasol and Dutch company AGL Energy over their use of coal.  Norway’s parliament agreed in June 2019 that the world’s largest fund would no longer invest in companies that mined more than 20 million tonnes of coal… Read More Here
Demand for battery metals to jump 500% by 2050 8 International Mining technology 

Demand for battery metals to jump 500% by 2050

Copperbelt Katanga News
Production of so-called battery metals, such as graphite, lithium and cobalt, will have to increase by nearly 500% by 2050 to meet the growing demand for clean energy technologies, the World Bank said on Monday. According to the global lender, over 3 billion tonnes of minerals and metals will be needed to deploy wind, solar and geothermal power, as well as energy storage required for moving transitioning to a low-carbon economy. Many of their critical minerals used to make batteries for electrical vehicles or are found in developing nations. The World… Read More Here
Geological survey entrance Mining in DRC International 

The U.S. Geological Survey (USGS) releases mining production data for 2019.

arnbethnic
USGS Mining Production Data for 2019 An estimated 140,000 tonnes of cobalt were mined in 2019, with the Democratic Republic of Congo contributing 71% to the world supply. Bloomberg NEF estimated planned mining production in 2019 at 164,000 tonnes of cobalt. A sharp drop in prices from 2018, and the technical challenges faced by some projects, could explain why the production achieved was below capacity. Katanga Mine was unable to reach its planned production capacity of 20,000 tonnes, and produced only about 17,000 metric tons. Vale New Caledonia (VNC) has… Read More Here
First Cobalt to produce battery-grade by year-end 10 Cobalt International 

First Cobalt to produce battery-grade by year-end

Copperbelt Katanga News
Canada’s First Cobalt  announced on Monday that it expected to begin production of cobalt sulphate late this year or in early 2021, which would make it North America’s only primary producer of the key ingredient for the batteries that power electric vehicles ( ) and high-tech devices. The Toronto-based company said the expansion of its refinery in Ontario, which it is carrying out in partnership with mining and commodities trading giant Glencore , would help North America reduce its reliance on China. The country dominates the supply chain for rechargeable… Read More Here

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