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Category: International

John Barker appointed as Loncor vice president of Business development 1 International 

John Barker appointed as Loncor vice president of Business development

Copperbelt Katanga News
Loncor Resources Inc. is pleased to announce the appointment of Mr. John Barker as Vice President of Business Development for Loncor. Arnold Kondrat, Chief Executive Officer of Loncor, commented: “We welcome John Barker as Vice President of Business Development for Loncor.  Mr. Barker has over 30 years of global mining experience encompassing many key elements of the mining world, and I look forward to working with him and the team to unlock the potential evident in the Ngayu gold belt.” Mr. Barker has 15 years’ experience as a leading mining… Read More Here
Russia set to overtake China as biggest gold producer from 2029 2 Gold International 

Russia set to overtake China as biggest gold producer from 2029

Copperbelt Katanga News
Research agency Fitch Solutions says global gold mine production growth is set to rebound in the coming years, owing to higher prices and mergers between major mining firms. The agency forecasts global gold production to increase from 107-million ounces this year to 132-million ounces by 2029, averaging a yearly growth rate of 2.4%. This compares with the average growth rate of 0.5% between 2016 and 2018. Fitch further says it is likely that Russia will surpass China as the world’s largest gold miner by 2029. “We expect Russian gold production… Read More Here
Boosting the gas-power generation sector 3 Energy International 

Boosting the gas-power generation sector

Copperbelt Katanga News
  NYSE-listed Cummins has introduced its latest gas product innovation, the C25G gas generator series, to the global power generation market. The C25G series is engineered to deliver superior fuel efficiency, with a power density of 500 kW and 580 kW from a 25 litre engine, while providing reduced maintenance costs per kWh. Together with inter-connectivity across the Cummins gas product range, and the vast support network, the C25G has been designed to support any gas-power need. This new series offers a total package of gas-generator capabilities for combined heat… Read More Here
Big copper conference joins list of gatherings canceled on virus 4 Copper International 

Big copper conference joins list of gatherings canceled on virus

Copperbelt Katanga News
  One of the world’s biggest copper conferences joined a growing list of events that are being canceled as the spread of the coronavirus disrupts travel and deters large gatherings. Cesco Week Santiago and an accompanying dinner, set for the week of March 23, have been scrubbed “due to the uncertainty generated by the current situation of Covid-19,” the Center for Copper and Mining Studies, an organizer of the event, said in a statement Monday. Some of the biggest names in the copper industry gather each year in Santiago for… Read More Here
Copper to rally to $3 once virus passes, Chile minister says 5 Copper International 

Copper to rally to $3 once virus passes, Chile minister says

Copperbelt Katanga News
  The deadly coronavirus that’s rattled markets since January won’t stop copper prices from surging to $3 a pound this year, according to Chilean Mining Minister Baldo Prokurica. The price of copper, often used as a barometer for the global economy, has dropped about 7% so far in 2020, signaling demand for the metal used in everything from electronics to automobiles has cooled as investors retreat from riskier assets. Copper supplies at warehouses tracked by the Shanghai Futures Exchange expanded to the highest ever for this time of year as logistical constraints… Read More Here
Gold-backed ETFs have never seen a run of inflows like this 6 Gold International 

Gold-backed ETFs have never seen a run of inflows like this

Copperbelt Katanga News
  Global investors are stashing more and more assets into gold as the coronavirus outbreak spreads and appetite for risk takes a hit. The global tally of bullion in exchange-traded funds swelled by the most in more than a month on Tuesday as equities sank. That was the 25th consecutive day of inflows, a record. At 2,624.7 tonnes, the holdings are the largest ever.   After surging 18% last year, gold has extended its rally in 2020, with prices hitting the highest since 2013. The haven has been favored as… Read More Here
Barrick issues cease and desist notice to AJN over Kibali stake purchase 7 International Mining in DRC 

Barrick issues cease and desist notice to AJN over Kibali stake purchase

Copperbelt Katanga News
  Barrick Gold, the operator of the largest gold mine in the Congo, has given junior miner AJN Resources an injunction to block the acquisition of a 10% stake in the project, which it claims is undervalued. Barrick and AngloGold Ashanti, who each own 45% of the Kibali mine, said they had not been consulted on the acquisition, although the stake holder, Societe Minière de Kilo-Moto (Sokimo), sold their Kibali shares without their approval may not transfer or sell. The two companies and the chairman of the state-owned company Sokimo… Read More Here
IoT International Mining safety Mining technology 

Improving the safety of miners with IoT

Copperbelt Katanga News
South Africa’s mining deaths have reduced considerably over the past several years. In 2016, the industry recorded only 73 fatalities. Even though that is still 73 too many deaths, it’s the lowest rate since records began and reflect ongoing efforts to improve the health and safety in mining environments. Injury rates are also falling fast. These figures are well ahead of China, where coal mining alone resulted in over 200 fatalities in 2019. But, in contrast, countries such as Canada and Australia have much lower fatality numbers. These are the… Read More Here

Canada’s metals & mining industry sees 5.4% drop in deal activity in January

Copperbelt Katanga News
  The Canadian metals and mining industries saw a 5.4% decline in total business activity in January 2020 as compared to the 12-month average. This is evident from the GlobalData business database. In January 2020, a total of 35 deals worth $ 43.61 million were announced, compared to the 12-month average of 37 deals. M&A was the volume-leading category of the month with 32 transactions, accounting for 91.4% of all transactions, followed by private equity with three transactions, which accounted for 8.6% of total business in the country’s metal and… Read More Here
AngloGold CEO Appointed New Chairman of the World Gold Council 8 International 

AngloGold CEO Appointed New Chairman of the World Gold Council

Copperbelt Katanga News
  The World Gold Council announced on Monday the appointment of Kelvin Dushnisky, CEO of AngloGold Ashanti, as the new chairman. Dushnisky succeeds David Harquail, who has served as Chairman since 2017. Dushnisky has been CEO of AngloGold since September 2018 and was previously President and Director of Barrick Gold. He is also a member of the International Advisory Board of the Shanghai Gold Exchange, the Accenture Global Mining Executive Council, member and chief business adviser of the Institute of Business Advisers in Southern Africa and the Institute of Directors… Read More Here

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