International - Copperbelt Katanga Mining

Epiroc’s new Minetruck MT66 S eDrive with electric drivetrain combines power and innovation 1

The new Minetruck MT66 S eDrive is the first of Epiroc’s large-capacity mine trucks to feature the latest generation electric drivetrain. Along with an upgraded and powerful diesel-engine, the hauler combines the cost-effectiveness of a traditional mine truck with the productivity of an electric one – without requiring change to a mine’s infrastructure. The Minetruck MT66 S eDrive has been completely redesigned to feature an electric drivetrain, powered by the strongest engine yet in Epiroc’s line-up of underground mine trucks. With several other upgrades, such as weight reduction and better… Read More Here

International

Zijin vows to keep investing in Canadian mining despite crackdown

September 23, 2024September 23, 2024 Constance

Zijin Mining Group Co., China’s most valuable mining company, says it won’t be deterred by the Canadian government’s measures to limit foreign involvement in its mining sector. The Chinese gold and copper producer will “absolutely” continue to seek out investments in Canadian mining companies — especially junior exploration firms, Zijin vice president Shaoyang Shen said in a Tuesday interview at Denver Gold Group’s annual conference in Colorado. “Canada has some of the best mineral exploration companies in the world,” he said. “As world leaders, I believe it’s in our best… Read More Here

International

Trigon Metals to Pause Open-Pit Operations at Kombat Mine as Underground Production Surges

September 22, 2024September 22, 2024 Constance

Trigon Metals has achieved an average of 980 tons of ore mined daily from its underground operations over the past 30 days, marking a significant milestone in the company’s growth. This accomplishment follows the October 2022 streaming agreement with Sprott Private Resource Streaming and Royalty (B) Corp. and Sprott Mining Inc. As part of its operational strategy, Trigon Metals announced that it will pause open-pit mining at Kombat Mine by the end of September 2024. This decision comes after the successful recommissioning of the underground mine, with commercial production officially… Read More Here

International Gold

Theta Gold Mines Shifts Funding Strategy for South African Gold Project

September 20, 2024September 20, 2024 Constance

Junior miner Theta Gold Mines has revised the funding strategy for its South African gold project, according to chairperson Bill Guy. The ASX-listed company will fully redeem its A$6-million secured bonds with 2Invest, freeing up its project interests to serve as collateral for future potential project funders. Theta plans to use funds from an $8-million private placement to facilitate the bond redemption. The company has already received $6 million from the first tranche of a $10-million, two-tranche placement with Hong Kong Ruihua Investment (HRIM), alongside a firm commitment for an… Read More Here

Copper International

FQM Offers Voluntary Retirement Amid Uncertainty at Cobre Panama Mine

September 19, 2024September 19, 2024 Constance

TORONTO – Canadian miner First Quantum Minerals has introduced a voluntary retirement scheme for workers at its Cobre Panama mine, as it awaits a government decision on the future of the operation, two sources familiar with the matter revealed. The Cobre Panama mine, one of the world’s leading copper sources, was shut down in November after Panama’s Supreme Court declared its contract unconstitutional. The closure was also fueled by environmental protests against the mine. Panama’s new government, led by President Jose Raul Mulino, has indicated that the mine will not… Read More Here

International Gold

Barrick Gold Suspends Operations at Papua New Guinea Mine Amid Deadly Clashes

September 19, 2024September 19, 2024 Constance

Barrick Gold has suspended operations at the Porgera gold mine in Papua New Guinea following violent clashes that resulted in the deaths of two employees. The company halted mining activities to ensure the safety of its workers, with operations expected to resume on Thursday, according to a statement from Barrick’s local unit. Most of the mine’s workforce comes from nearby communities. The violence, which erupted about a week ago, involved two groups of illegal miners and has claimed at least 20 lives, according to Máté Bagossy, the United Nations’ humanitarian… Read More Here

Uranium International

Star Minerals Partners with Madison Metals on Namibia Uranium Project Near Rossing Mine

September 19, 2024September 19, 2024 Constance

Australia-listed Star Minerals has partnered with Canada-listed Madison Metals to advance a uranium project in Namibia’s Erongo region, close to the renowned Rossing uranium mine. Under the agreement, Star will invest $2.425 million over three years for exploration on the Cobra project, alongside making staged payments to Madison Metals. “We’re excited to add this significant foreign uranium estimate to our portfolio and collaborate with Madison to verify and enhance the resource while exploring the promising potential in the region,” said Star Minerals Chairperson Ian Stuart. He highlighted the company’s expertise… Read More Here

International Uranium

Lotus Resources Confirms Viability of Letlhakane Uranium Project in Botswana

September 19, 2024September 19, 2024 Constance

ASX-listed Lotus Resources has completed a scoping study for the Letlhakane uranium project in Botswana, confirming its commercial viability with the potential to produce 3 million pounds of uranium per year and extend the project’s operational lifespan. The base case for the open-pit mine projects a total production of 42.3 million pounds of uranium oxide over 15 years at a cash cost of $42/lb. Lotus CEO Greg Bittar stated that optimization efforts could reduce costs to $36/lb. Bittar also highlighted the “blue sky” potential at Letlhakane, noting that at a… Read More Here

Mining Personality International

Jubilee Metals Appoints Dr. Reuel Khoza to Board, CFO Neal Reynolds to Resign

September 19, 2024September 19, 2024 Constance

Aim- and AltX-listed Jubilee Metals has appointed Dr. Reuel Khoza to its board while announcing the resignation of CFO Neal Reynolds. Reynolds will step down after the release of the company’s financial results, scheduled for the week of September 30, to pursue new opportunities. Riaan Smit, currently CFO of Jubilee’s chrome and platinum group metals (PGM) division in South Africa, will serve as interim CFO until a permanent successor is found. Dr. Khoza, set to join Jubilee in October, brings extensive experience from both public and private sectors, having held… Read More Here

Mining Equipment International

Caterpillar affirms large mining truck product line commitment through the energy transition

September 19, 2024September 19, 2024 Constance

IRVING, Texas, September 19, 2024 – Caterpillar Inc. (NYSE: CAT) is reinforcing its commitment to deliver product design choices in alignment with customers’ operational, sustainability and productivity goals that increase the value of a machine throughout its lifetime. These designs align with Caterpillar’s strategy to deliver integrated site solutions to support customers today and through the energy transition. As the industry looks to the future, Caterpillar is purposefully designing a modular Cat® 793 large mining truck platform with powertrain flexibility. This platform will include diesel mechanical, diesel electric and battery… Read More Here