International - Copperbelt Katanga Mining

Oxair has developed a solution for inflating truck tires at remote mining sites 1

Australian company Oxair announced that it has developed a compact nitrogen generator that will help mining companies and other heavy industries operating in remote locations eliminate the need to outsource their nitrogen to fill the tires of their trucks. In a press release, Oxair stated that its facilities offer continuous gas flow from the atmosphere. They also use Pressure Swing Adsorption, or PSA, a membrane technology that uses cheap filtration methods for an on-site nitrogen production. Tires filled with nitrogen are more resistant to hot climates and freezing temperatures at… Read More Here

Gemfields lists on London Stock Exchange

February 19, 2020February 19, 2020 arnbethnic

The Gemfields Group, which, in collaboration with the Zambian government, owns the Kagem Emerald Mine in Lufwanyama, has returned to trade and listed its shares on the AIM market of the London Stock Exchange on February 14, 2020 after 3 years. The listing is the latest demonstration of Gemfields’ ethos of transparency, legitimacy, and integrity that allows a wider reach of international investors to directly participate in Gemfields, which owns 75% of the Kagem Emerald concession in Lufwanyama, with 25% in Government owned by the Industrial Development Corporation (IDC). Sean… Read More Here

International Mining in DRC Mining in Zambia

More heads to roll at Glencore this year

February 19, 2020February 19, 2020 arnbethnic

Mining and commodities trader Glencore (LON: GLEN) is planning more management changes this year as it makes the transition towards a new, younger generation of leaders. The Swiss giant has faced growing investor concern about climate change due to its heavy presence in the thermal coal market (it’s the world’s largest supplier of the fossil fuel). That, together with multiple corruption and bribery investigations, as well as a steep decline in the kind of coal it produces, has prompted Glencore to speed up planned changes at the top. CORRUPTION AND BRIBERY PROBES, FALLING COMMODITY… Read More Here

Copper Emeralds International Mine Safety

ICMM to create international standard for tailings dams

February 18, 2020February 18, 2020 arnbethnic

The International Council on Mining & Metals (ICMM) has announced that its governing council of 27 member CEOs will establish an independent panel of experts to develop an international standard for tailings facilities for its member companies According to ICMM, this standard will be informed by a review of current global best practices in the mining industry, and beyond. The standard is expected to create a step change for the industry in the safety and security of these facilities. The details of the standard will be defined through the review… Read More Here

International Gold Mining Supply Tenders

Egypt eyes gold rush with fresh exploration tender by March 2020

February 17, 2020September 16, 2020 arnbethnic

CAIRO – Egypt will invite international gold-mining companies to take part in a new exploration tender after the North African country eased the rules to woo investors, according to a person familiar with the matter. The tender will be announced by early March, said the person, who asked not to be identified because the information isn’t public. Egypt, whose mineral wealth remains largely under-explored and undeveloped, is hoping that gold production can be a future source of growth for its economy, which is emerging from a sweeping International Monetary Fund-backed… Read More Here

Cobalt International Mining in DRC

Glencore secures five-year deal to supply cobalt to Samsung SDI

February 17, 2020February 17, 2020 Copperbelt Katanga News

Glencore has signed a five-year deal to supply battery maker Samsung SDI with up to 21,000 tonnes of cobalt, the miner and trader has said. An expected boom in demand for electric vehicles has pushed battery and car makers to finalize supply deals for key raw materials such as cobalt. In the previous year, Glencore agreed to supply cobalt with battery maker SK Innovation, China’s GEM Co Ltd, Umicore and BMW. Glencore produced 46,300 tonnes of cobalt in 2019, up 10% from the previous year but expects to churn… Read More Here

International

Peru’s mining sector slowed down in 2019

February 17, 2020February 17, 2020 Copperbelt Katanga News

Peru’s mining sector fell by 0.05% in 2019, a report that was shown by the National Institute of Statistics and Informatics shows. According to the government agency, a 0.8% contraction in the metallic mining sub-sector is to blame for the downfall. In the world’s No. 2 copper producer and sixth-largest gold producer, such a drop carries so much weight that the 4.6% growth experienced by the oil and gas sub-sector wasn’t good enough to make up for it. In 2019, Peru produced almost 2.5 million fine metric tons of copper or… Read More Here

International Mining in DRC

Canadian Ivanhoe Mines expands its mining project in DRC

February 14, 2020February 14, 2020 Copperbelt Katanga News

Canadian mining company Ivanhoe Mines has announced the completion of an independently-verified, updated mineral resource estimate for the Kamoa-Kakula copper project in the Democratic Republic of Congo (DRC). The announcement was made by Ivanhoe co-chairs Robert Friedland and Yufeng “Miles” Sun at the 26th annual African Mining Indaba that was taking place at the Cape Town International Convention Centre (CTICC) from February 3 to 6. The Kamoa deposit, discovered by Ivanhoe geologists in 2008, is one of two very large copper deposits. The other major deposit is Kakula, which is… Read More Here

Gold International

Barrick beats forecasts, hikes dividend by 40% as gold prices soar

February 13, 2020February 13, 2020 Copperbelt Katanga News

Barrick Gold shared a better-than-expected quarterly profit and gave investor a more than welcome 40% dividend increase thanks to strong gold prices. The world’s second largest producer of the yellow metal said adjusted net earnings in the three months to December reached $300 million, or 17 cents a share, up from $264 million recorded in the previous quarter. Analysts’ average estimate was 14 cents a share. “The board believes the dividend increase is justified by the significant reduction in net debt and strong balance sheet, together with the growth in free… Read More Here

International

White Metal signs MOU on Namibian Copper-Silver Project to examine future possibilities

February 12, 2020February 12, 2020 Copperbelt Katanga News

White Metal Resources Corp is pleased to announce that it has signed a non-binding Memorandum of Understanding (“MOU”) with Luxury Investments One Hundred and Ninety Two (Pty) Ltd. (“Luxury Investments”), Kalahari Copper Ltd, and Newco Management Team of South Africa. Along with White Metal, these three parties have agreed to work together on examining small-scale production possibilities in areas of Namibia covered by Exclusive Prospecting Licences (“EPL”) controlled by White Metal (EPL 7071) and Kalahari Copper (EPLs 7082, 7079, 6998, 7081). Luxury Investments has been successfully running a small-scale mining… Read More Here