International - Copperbelt Katanga Mining

Peru Authorizes Barrick Gold for Southern Border Mining Exploration

June 6, 2024June 6, 2024 Constance

Peru’s government has granted Barrick Gold permission to conduct mining explorations in the country’s southern border region, Prime Minister Gustavo Adrianzen announced on Wednesday. According to Peru’s constitution, foreign private investment within 50 km of the country’s border requires approval from the Cabinet of Ministers. “The expansion of our mining portfolio is essential, given that this activity drives the economic reactivation process,” Adrianzen stated during a press conference. Mining is a crucial component of Peru’s economy, accounting for 60% of the nation’s exports, primarily from the copper sector. The government… Read More Here

International Gold

B2Gold Announces Extensive Drilling Plan for Antelope Underground Project in 2024

June 6, 2024June 6, 2024 Constance

B2Gold plans to drill 39,000 meters at the Antelope underground project in 2024. The Antelope Deposit is located approximately 3 km south of the Phase 5 open pit at the Otjikoto Mine. In 2023, B2Gold completed 20,715 meters of drilling in 37 holes at the Antelope deposit, which includes the Springbok Zone, with intersections of 12.88 g/t Au over 7.60 meters, and the Oryx Zone, with 9.86 g/t Au over 7.48 meters. In January 2024, the company announced positive exploration results from the Antelope deposit, suggesting its potential for underground… Read More Here

International Governance

Russia and Senegal Strengthen Ties with Economic Collaboration Plans

June 5, 2024June 5, 2024 Constance

Russia and Senegal, a West African country, have announced plans for deeper collaboration. In April, Russian Foreign Ministry spokesperson Maria Zakharova expressed confidence in Senegal’s newly elected president, Bassirou Diomaye Faye, affirming that Russia’s ties with Senegal would be reinforced during his administration. The Russian newspaper Sputnik recently interviewed Russian Ambassador to Senegal Dmitry Kurakov, who disclosed Russia’s intention to enhance its partnership with Senegal under President Bassirou Diomaye Faye’s leadership. “We are looking forward to establishing a joint commission on economic cooperation. Now, it all depends on the Senegalese… Read More Here

International Uranium

Russia Eyes Uranium Assets in Niger Amid Strengthening Ties with Military-Led Authorities

June 5, 2024June 5, 2024 Constance

Reports indicate that Russia is exploring the acquisition of uranium assets in Niger currently held by the French state-controlled company Orano SA, according to sources familiar with the matter. Rosatom, Russia’s state nuclear company, has engaged in discussions with Niger’s military-led authorities regarding the potential acquisition of assets owned by Orano SA, as revealed by a source in Moscow who requested anonymity, as reported by Bloomberg. A western diplomat based in the region suggested that the discussions likely involve mining permits. Niger accounted for approximately 4% of global uranium mine… Read More Here

International

Sibanye-Stillwater’s Cost-Cutting Measures to Save R6.6 Billion Annually

June 2, 2024June 2, 2024 Constance

Green metals and gold mining company Sibanye-Stillwater has implemented measures to address loss-making assets, which are expected to secure annual savings and capital expenditure deferrals of R6.6 billion, announced Chairperson Dr. Vincent Maphai at the company’s online AGM on Tuesday. The Johannesburg- and New York-listed platinum group metals major is focusing on strategic essentials, such as reducing operating and capital costs and improving efficiencies. While prepared for an extended period of low prices, the company remains optimistic about the outlook for its produced metals. Despite the low prices, Sibanye-Stillwater, which… Read More Here

International Transport and Logistics

USAID Administrator Announces New Investments Along the Lobito Corridor

June 1, 2024June 1, 2024 Constance

USAID Administrator Samantha Power and Deputy Secretary Richard Verma visited Luanda, Angola, on April 23-25, 2024. They focused on enhancing the business environment, particularly in agriculture with special focus on Lobito Corridor developments. A key announcement included a $235 million USAID investment over five years to support Angola’s National Development Plan and fund a variety of programs within the Lobito Corridor. Administrator Samantha Power and Deputy Secretary of State for Management and Resources Richard Verma visited Luanda, Angola, on April 23, 2024. During their visit, they met with government officials,… Read More Here

International Mining Equipment

Fortescue’s hydrogen-powered Liebherr T 264 haul truck prototype drives on hydrogen for first time

May 31, 2024May 31, 2024 Constance

Fortescue’s hashtag#hydrogen-powered hashtag#miningtruck prototype, dubbed ‘hashtag#Europa’ has reached the significant milestone of having operated off hydrogen for the first time. This development marks a major step in hashtag#Fortescue’s mission to decarbonise heavy industry as well as the company’s partnership with Liebherr Mining. Both companies are present at hashtag#TheElectricMine 2024 this week at Crown Perth with large delegations and the progress being made with this hashtag#zeroemissions truck program was a subject of discussion. Delivered in collaboration with Liebherr Group, Europa is a hashtag#T264 Liebherr haul truck and contains a 1.6 MWh… Read More Here

Transport and Logistics International

Economic Growth in Benguela Boosted by Lobito Refinery and Corridor Projects

May 31, 2024May 31, 2024 Constance

The construction of the Lobito Refinery and the operationalization of the Lobito Corridor are attracting significant investor interest in Benguela, driving the province’s economic growth. This was highlighted by Adilson Gonçalves, the Vice-Governor for the Technical Sector and Infrastructures, during his remarks on the success of the Benguela International Fair (FIB) held from last Wednesday to Sunday. Preliminary figures from the 13th Benguela International Fair, presented to Jornal de Angola by Bruno Albernaz, President of the Board of Directors of Grupo Arena (the event organizers), indicate a turnover of four… Read More Here

International Coal

JSW Steel to Acquire Majority Stake in Mozambique’s Minas de Revuboe

May 31, 2024May 31, 2024 Constance

Indian multinational JSW Steel has approved the acquisition of Minas de Revuboe (MDR), a mining company in Mozambique’s central province of Tete, to secure high-quality coking coal for steel production. JSW Steel’s subsidiary, JSW Natural Resources Limited, will purchase a 92.19 percent equity stake and shareholder loans of MDR for $73.75 million, as reported by the Indian news agency IANS. This acquisition will provide JSW Steel access to premium hard-coking coal reserves in the Moatize Basin, a significant coal-producing region in Tete. The acquisition is subject to approval from Mozambique’s… Read More Here

International

Head of Codelco’s Chuquicamata mine to leave company

May 31, 2024May 31, 2024 Constance

The head of Codelco’s Chuquicamata copper mine, Christian Caviedes, will step down from his role on Friday, the state copper producer said in a filing on Thursday. He will be replaced on an interim basis by the mine’s operations manager, Rene Galleguillos. Codelco is currently undertaking a $5 billion project to transform the open-pit mine into an underground operation. SOURCE:mining.com Read More Here