International - Copperbelt Katanga Mining

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling 1

KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here

International

Sibanye-Stillwater Reduces Production at US Mine, Secures New Metal Sales Deals

September 15, 2024September 15, 2024 Constance

Sibanye-Stillwater is cutting production at its US-based Stillwater palladium/platinum mine by 200,000 ounces per year and is close to finalizing additional prepayment deals on gold, chrome, and platinum, which could generate between $600 million and $700 million. These measures aim to strengthen the miner’s balance sheet after a challenging operating period that saw negative free cash flow of R7 billion in the first half of the year, leading the company to withhold its interim dividend. The company’s financial difficulties were primarily driven by persistently low prices for platinum group metals… Read More Here

International Gold

AngloGold Ashanti Launches $2.5 Billion Takeover of Centamin

September 15, 2024September 15, 2024 Constance

AngloGold Ashanti has initiated a $2.5 billion share and cash takeover of Centamin, the African gold miner producing 470,000 ounces annually. Centamin’s board has irrevocably supported the offer, which values Centamin shares at 163 pence, reflecting a 36.7% premium to its previous closing price and a 37.6% premium to its 30-day volume-weighted average price. Centamin operates the Sukari gold mine in Egypt, which produced 224,738 ounces in the first half of this year. The company recently completed a definitive feasibility study on its Doropo project in Ivory Coast, estimated to… Read More Here

International Transport and Logistics

Lobito Corridor to Reduce Oil Costs for Zimbabwe

September 15, 2024September 15, 2024 Constance

The development of Angola’s Lobito Corridor is expected to lower oil costs for Zimbabwe, according to Angolan Ambassador Thando Madzvamuse. Speaking on in Benguela after meeting with local government authorities, Madzvamuse highlighted the importance of the Lobito Corridor and its potential impact on Zimbabwe’s oil supply. Madzvamuse noted that once the Lobito Corridor is fully operational, Zimbabwe will begin receiving oil from Angola, reducing reliance on longer supply routes from South Africa and Mozambique. He emphasized that the corridor will help connect the Atlantic and Indian Oceans, allowing for more… Read More Here

International Copper

Andrada Mining Reports Promising Drilling Results at Brandberg West

September 15, 2024September 15, 2024 Constance

Andrada Mining CEO Anthony Viljoen has announced highly encouraging initial drilling results from the Brandberg West project, revealing significant high-grade intersections of tin, tungsten, and copper. The Brandberg West project is located within exploration license EPL 5445 in Namibia’s Erongo region, approximately 100 km from Andrada’s flagship Uis Tin Mine. Historically, the Brandberg West open pit mine was operated by Gold Fields Limited until the 1980s, when exploration ceased due to a global collapse in tin prices. The mine previously produced tin and tungsten concentrates with secondary copper, though the… Read More Here

Gemstones International

Gemfields Earns $2.3 Million from Auction of Sapphires, Corundum, and Rubies

September 15, 2024September 15, 2024 Constance

Johannesburg- and London-listed gemstone miner Gemfields generated $2.3 million in revenue from an auction held from September 2 to 4. The auction featured primarily commercial-quality sapphires, corundum, and rubies. All 5.7 million carats offered across ten lots were sold, achieving an average price of $0.41 per carat. The gemstones were sourced from Montepuez Ruby Mining (MRM) in Mozambique. Most of the auction’s offering comprised corundum and sapphires, which are by-products of MRM’s mining operations. Despite the commercial nature of these goods, the auction saw strong attendance and high demand. “The… Read More Here

Copper International

FQM expects feasibility studies for Peru mine by 2028

September 15, 2024September 15, 2024 Constance

Canadian miner First Quantum Minerals expects updated drilling results for its Peru copper project La Granja in the second half of next year, and feasibility studies by 2028, project development manager Steven Lewis said on Thursday. “The drilling is progressing well, it’s at 35%, and we expect to have the results in the second half of next year,” Lewis said on the sidelines of a mining industry conference. About the feasibility studies slated for completion by 2028, he said: “We’re working to meet this deadline.” First Quantum last year purchased… Read More Here

International Gold

B2Gold and Mali Govt Reach Agreement on Fekola Mine Operations

September 15, 2024September 15, 2024 Constance

B2Gold (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) has finalized an agreement with the government of Mali to address all issues related to the Fekola mine complex amidst the implementation of a new mining code. The Malian government, now under a new administration, holds a 20% interest in the Fekola mine. In a press release dated September 11, B2Gold confirmed that the Fekola mine complex, which includes the Fekola and Cardinal open pits and the proposed underground project, will continue to operate under the 2012 mining code. This agreement ensures… Read More Here

International Lithium

Ghana’s Lithium Project Faces Delays Amid Falling Global Prices

September 15, 2024September 15, 2024 Constance

Ghana is concerned that a slump in global lithium prices could jeopardize its first lithium mining project in Ewoyaa, according to the head of the country’s mining sector regulator. In October 2023, Ghana, a West African nation known for its gold and cocoa production, granted a 15-year lease to Australian mining company Atlantic Lithium to establish its first lithium mine by the fourth quarter of 2024. However, recent developments have raised concerns about the project’s future. The company received environmental approval for the project last Thursday, but delays in parliamentary… Read More Here

Copper International

BHP takes next step in smelter, refinery expansion at Copper South Australia

September 8, 2024September 8, 2024 Constance

The South Australian Government has announced the commencement of an application and assessment process for BHP’s planned smelter and refinery expansion at Olympic Dam via a notification in the South Australian Government Gazette. The notification is a step forward for BHP’s copper growth plans in South Australia and follows an update in the company’s financial year 2024 full-year results last week, which outlined a phased strategy to increase production in South Australia to 500,000 t/y of refined copper cathode by the early 2030s and then potentially up to 650,000 t/y… Read More Here