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Category: International

Epiroc launches breakthrough ET drill strings for more tophammer uptime 1 International Mining Equipment 

Epiroc launches breakthrough ET drill strings for more tophammer uptime

Constance
The release of the new Epiroc ET66, ET45 and ET38 drill strings the company says marks a substantial breakthrough in tophammer drilling efficiency and reliability. Developed over five years, the new Epiroc ET drill string components “have undergone meticulous modelling, lab testing, and field trials. Multiple concepts were subjected to computer simulations and laboratory assessments before the most powerful concepts were chosen for field tests in Sweden and Canada.” The result is the Epiroc ET66, ET45 and ET38 drill strings, representing it says the company’s most significant breakthrough in drill… Read More Here
FQM to invest $3.5 billion in Taca Taca copper project in Argentina 2 International Copper 

FQM to invest $3.5 billion in Taca Taca copper project in Argentina

Constance
First Quantum Minerals has met with Argentina’s government authorities about the start of construction of the $3.5 billion Taca Taca copper project, Rumbo Minero International reported. According to the news outlet, representatives of the Canadian miner met with Argentine officials and announced that they will begin construction of the project, located 230 km west of the city of Salta. The announcement was made during Argentina Mining 2024, an international mining sector event held in the province of Salta. Taca Taca is a copper-gold-molybdenum porphyry deposit with significant potential and is… Read More Here
African Rainbow Minerals pivots to chrome and copper after platinum price slump 3 Copper International 

African Rainbow Minerals pivots to chrome and copper after platinum price slump

Constance
African Rainbow Minerals (ARM) is pursuing chrome and copper opportunities after weaker platinum group metal (PGM) and coal prices drove its annual profit 43% lower, the diversified miner said on Friday. ARM’s headline earnings slumped to 5.08 billion rand ($286.89 million) in the year ended June 30, from a restated 8.98 billion the previous year, mainly due to lower PGM and coal prices. The company’s board has approved the construction of a chrome recovery plant at its Bokoni platinum mine, where the platinum ramp up will be “phased and measured”… Read More Here
Glencore’s Peru boss Soyer to step down after Volcan sale 4 Copper International Mining Personality 

Glencore’s Peru boss Soyer to step down after Volcan sale

Constance
Glencore’s head of Peruvian operations is stepping down from her position, according to two sources with knowledge of the matter. Victoria Soyer Toche, the general manager at Glencore Peru SAC, has resigned, the sources said. Veteran copper concentrates trader Alvaro Ilamas also recently left Glencore’s Lima office, according to same sources. Glencore declined to comment on personal moves. Her departure came after Glencore sold its stake in zinc-lead producer Volcan Compania Minera to Argentine group Integra Capital in May. The commodity giant owns stakes in major Peruvian copper mines such… Read More Here
Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position 5 International 

Vedanta Approves $932M Dividend Amid Efforts to Strengthen Financial Position

Constance
Indian tycoon Anil Agarwal’s Vedanta has approved a third tranche of dividend payouts, continuing its efforts to enhance the financial stability of its debt-laden London-based parent company. The Mumbai-based miner announced a dividend of 78.21 billion rupees ($932 million), bringing its total payout for the fiscal year ending in March to 134.75 billion rupees. Vedanta Resources, weighed down by significant debt from a series of acquisitions, has reduced its obligations by $4.5 billion over the past two years. The company aims to repay an additional $3 billion over the next… Read More Here
Ghana to Launch First Large-Scale Gold Mine in Over a Decade 6 Gold International 

Ghana to Launch First Large-Scale Gold Mine in Over a Decade

Constance
Ghana, Africa’s leading gold producer, will commission its first large-scale greenfield mine in over a decade this November, with an expected annual production of more than 350,000 ounces. The Cardinal Namdini mine, owned by Cardinal Resources, a subsidiary of Shandong Gold, received its license in 2020. Ghana, also the world’s second-largest cocoa producer, has faced a decline in gold exploration over the past decade, limiting new projects and reducing output from major miners. However, Martin Ayisi, CEO of the Minerals Commission, announced that three additional mines, including a lithium project,… Read More Here
Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access 7 International Electricity 

Tanzania Offers the Cheapest Electricity in East Africa Despite Limited Access

Constance
Tanzania’s power sector, while struggling to provide electricity to the entire country, boasts the lowest electricity prices in East Africa, thanks to government subsidies. Judith Kapinga, Tanzania’s Deputy Minister of Energy, recently disclosed that the country has the cheapest electricity tariffs in the East African region. She attributed this to government subsidies that help reduce costs for consumers, as reported by The Citizen. Speaking before Tanzanian MPs who sought a status update on the Julius Nyerere Hydro Power Project, Kapinga emphasized that these subsidies ensure Tanzanians enjoy the lowest electricity… Read More Here
Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory 8 International 

Malawi Poised to Lead in Clean Energy Transition with New Mineral Laboratory

Constance
Malawi is on the verge of becoming a major player in the global clean energy transition due to its rich mineral resources, according to the Ministry of Mining. The country’s diverse mineral wealth is poised to drive clean energy production, potentially positioning Malawi as a leader in renewable energy. Andrew Chisamba, Director of Administration at the Ministry of Mining, announced the imminent inauguration of a state-of-the-art mineral laboratory. Currently in its final stages of preparation, the laboratory is set to begin operations next month. It will be instrumental in reducing… Read More Here
BHP moves ahead with expansion of Olympic Dam copper refinery 9 International Copper 

BHP moves ahead with expansion of Olympic Dam copper refinery

Constance
BHP Group is continuing to push ahead with the expansion of its copper smelter and refinery at Olympic Dam in South Australia, as global miners ramp up their efforts around the key metal for greener energy transition. The world’s largest miner on Friday said the government of South Australia has begun an application and assessment process for the expansion, citing a notification in the South Australian Government Gazette. BHP is strengthening its efforts in copper expansion, given the commodity’s extensive role in the global shift towards greener energy and a… Read More Here
Senegal Halts Mining Along Faleme River to Protect Environment and Communities 10 International 

Senegal Halts Mining Along Faleme River to Protect Environment and Communities

Constance
Senegal has suspended all mining activities for nearly three years along its side of the southeastern Faleme River in a move to protect the environment and support local communities impacted by a surge in artisanal gold mining. The decree, aimed at curbing pollution from mining-related dredging and chemical discharges, affects a 500-meter stretch of Senegalese territory along the river’s left bank and will remain in place until June 30, 2027. The Faleme River, which originates in the uplands of Guinea, flows along much of Senegal’s border with Mali before joining… Read More Here

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