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Category: International

Glencore Canada gets federal funding boost for all electric mining fleet at Onaping Depth 1 International Equipment & Technology Mining Equipment 

Glencore Canada gets federal funding boost for all electric mining fleet at Onaping Depth

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Canada’s pollution pricing system creates incentives for industries to reduce their greenhouse gas emissions, drives innovation and sustainable business practices, and fosters a cleaner, more environmentally responsible future. Through the Decarbonization Incentive Program, the Government of Canada returns a portion of the proceeds collected from the federal pollution price on large industrial emitters to support clean technology projects. It says this funding will enable eligible facilities to achieve greater energy efficiency, adopt sustainable solutions, and reduce their emissions to help build a low‑carbon world. On May 10, on behalf of… Read More Here
Sibanye-Stillwater Achieves Record Safety Milestone in Q1 2 International Mine Safety Mining safety Safety & Health 

Sibanye-Stillwater Achieves Record Safety Milestone in Q1

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Sibanye-Stillwater reported its lowest group Serious Injury Frequency Rate (SIFR) in history for the first quarter ending March 31, with a rate of 2.19. This marks a 15% reduction from the same period last year and is the third consecutive annual improvement since Q1 2021 when the SIFR stood at 4. “The continued improvement in group safety performance year-on-year is pleasing, confirming that our safety strategy continues to gain traction and that we remain on track for a further reduction of risk for all safety incidents,” said Sibanye CEO Neal… Read More Here
South Africa Was Africa's Top Gold Producer in 2023 3 International Gold 

South Africa Was Africa’s Top Gold Producer in 2023

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In 2023, global gold investment trends show that production reached over 3,000 tonnes, with Africa contributing 370 tonnes, or 11.67%. Despite holding around 40% of the world’s gold reserves, Africa’s output, led by South Africa, Ghana, and Mali, suggests potential for growth. Smuggling issues, particularly in the DRC, impact accurate accounting, with an estimated $3 billion in gold annually misattributed due to illegal trade. China topped the 2023 production charts, accounting for 12% of global output, and led as the largest buyer with its central bank purchasing 225 tonnes. Gold… Read More Here
Endeavour Mining Successfully Completes Senegal Mine Expansion Project 4 International Gold New Mining Projects 

Endeavour Mining Successfully Completes Senegal Mine Expansion Project

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Endeavour Mining recently announced the successful pouring of the first gold from its Senegal mine expansion project, marking a significant milestone achieved on April 18. This achievement signals the timely and within-budget completion of the BIOX expansion initiative, supported by Egyptian billionaire Naguib Sawiris. The project, which commenced construction two years ago, underscores Endeavour Mining’s commitment to meeting its 2024 output guidance, aiming for a gold production between 1.13 million and 1.27 million ounces. Lawrence Manjengwa, head of operations at Sabodala Gold Operation/Massawa, led the expansion effort, positioning it for… Read More Here
Sandvik Coromant enhances sustainability insights with Productivity Analyzer 5 International Equipment & Technology Mining Equipment Press Release 

Sandvik Coromant enhances sustainability insights with Productivity Analyzer

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Tooling solutions provider Sandvik Coromant introduces advanced sustainability features in its Productivity Analyzer tool, enabling precise measurement of energy consumption and carbon footprint for customers in the manufacturing industry. The updated analyzer offers detailed sustainability metrics, including energy usage per manufactured component, yearly energy consumption and CO2 emissions. New parameters such as efficiency and energy cost empower manufacturers to optimize operations for reduced environmental impact. Trials with a leading automotive manufacturer demonstrated a significant 15% increase in productivity, credited to the analyzer’s comprehensive analysis capabilities. By analyzing machine and tool costs… Read More Here
Chile truckers protest rising crime in threat to mine transport 6 International Transport and Logistics 

Chile truckers protest rising crime in threat to mine transport

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Truck drivers in Chile staged protests Monday in the mineral-rich north of the country and around the capital Santiago, demanding greater safety amid an up-tick in violent crime. Drivers at small and mid-sized transport firms belonging to the Northern Force Confederation, or CTFN by its Spanish initials, partially blocked highways near the northern cities of Arica and Coquimbo and on the outskirts of Santiago, snarling morning traffic. There were no immediate reports of disruptions at Chile’s giant copper and lithium operations. The protests are the latest sign of growing concern… Read More Here
US Dollar to Lose Global Dominance with Emergence of 'BRICS Gold Crypto - Robert Kiyosaki 7 International Economy 

US Dollar to Lose Global Dominance with Emergence of ‘BRICS Gold Crypto – Robert Kiyosaki

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Renowned financial investor and author of “Rich Dad Poor Dad,” Robert Kiyosaki, issued a stark warning during his visit to South Africa, suggesting that the US dollar’s status as the global reserve currency is under threat. According to Kiyosaki, the emergence of a new BRICS currency backed by gold could potentially trigger hyperinflation in the United States, leading to the downfall of the dollar. Kiyosaki emphasized the importance of diversifying investments into alternative assets like gold, silver, and Bitcoin (BTC) to safeguard against the impending crash of the US dollar.… Read More Here
Queensland Contemplates Glencore's Carbon Storage Plan Amid Environmental Concerns 8 International Environment Social Governance (ESG) 

Queensland Contemplates Glencore’s Carbon Storage Plan Amid Environmental Concerns

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Australia’s Queensland state is poised to decide on Glencore’s proposal to bury liquefied carbon dioxide (CO2) in the country’s largest aquifer, a move contested by farm groups over concerns of water contamination. Glencore, aiming to contribute to global carbon capture and storage (CCS) efforts, plans a three-year, A$210-million pilot project to inject 330,000 metric tons of CO2 from a coal-fired power plant underground. While Glencore asserts the project’s safety, farm groups fear it could contaminate the Great Artesian Basin, a vital groundwater source for agriculture. Michael Guerin of AgForce farm… Read More Here
Austral Resources Emerges from Receivership with Glencore's Support 9 International Copper 

Austral Resources Emerges from Receivership with Glencore’s Support

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Austral Resources, a copper producer, announced on Monday the conclusion of its receivership, with Glencore Australia stepping in as the senior secured creditor, acquiring the debt from Win Finance No 356 (Wingate). CEO Dan Jauncey expressed optimism about the company’s future, stating, “This is a very positive outcome for the company, it puts us back in a strong position to move forward.” Throughout the receivership period, Austral maintained its focus on production, with 810 tonnes of LME copper cathode inventory ready for sale on site. Operations, including haulage, crushing, and… Read More Here
Chile's Copper Output Dips in March, Codelco Records Decline 10 International Copper 

Chile’s Copper Output Dips in March, Codelco Records Decline

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Data released by Chile’s copper commission Cochilco on Friday revealed a slight decrease in copper production in March, with a mixed performance among major mines in the country. While output at Codelco, the world’s leading copper supplier, declined by 10.1% to 107,300 tonnes, other key mines demonstrated varied trends. BHP’s Escondida mine, boasting the largest known copper deposit globally, recorded a 9.7% increase, reaching 101,400 tonnes. Conversely, production surged by 16.1% at the Collahuasi mine, jointly operated by Glencore and Anglo American, totaling 49,800 tonnes. Despite these fluctuations, Chile’s overall… Read More Here

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