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Category: International

BHP shareholders see room for one more sweetened Anglo bid 1 International 

BHP shareholders see room for one more sweetened Anglo bid

Constance
Shareholders in BHP Group Ltd. and takeover target Anglo American Plc expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday. Anglo has twice rejected all-share approaches from BHP that would require it to spin off listed South African businesses, arguing the proposal created “significant uncertainty” for shareholders. Instead, to counter the latest $43 billion move, it has said it will itself exit diamonds,… Read More Here
Anglo American to Sell De Beers Amid Industry Turmoil 2 International Diamond 

Anglo American to Sell De Beers Amid Industry Turmoil

Constance
Anglo American announced on Tuesday its plans to spin off or sell its De Beers diamond business, ending an almost century-long association with the industry’s most renowned name. This decision is part of a broader restructuring strategy aimed at countering a $43 billion takeover bid from BHP Group, marking a significant shift in the diamond world. The diamond industry is currently under pressure from slumping prices, sanctions on Russia affecting trade, and the rising popularity of lab-grown gems, which are encroaching on traditional markets. The uncertainty surrounding the future operation… Read More Here
US tariffs on minerals leave out markets that China dominates 3 International 

US tariffs on minerals leave out markets that China dominates

Constance
President Joe Biden just unveiled sweeping tariffs on a range of Chinese imports, including more than two dozen industrial raw materials. But the administration is being careful to avoid the critical minerals where Beijing’s grip on global supply is greatest. The commodities that made the duties list include ores of aluminum, manganese and chromium; rare elements, such as actinium and curium; and metals like tin and zinc. For the most part, the US doesn’t rely heavily on these products that now face a 25% import levy. The narrow scope of… Read More Here
Barrick’s Sustainability Strategy Delivers Real Value to Stakeholders 4 International Gold 

Barrick’s Sustainability Strategy Delivers Real Value to Stakeholders

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Almost $12 billion of economic value generated by Barrick’s mines last year remained in the countries in which it operates, according to the company’s 2023 Sustainability Report published today. Barrick president and chief executive Mark Bristow says real, tangible sustainability can only be achieved through a holistic approach aligned to the United Nation’s Sustainable Development Goals. Barrick’s conformance with ESG standards is a natural by-product of its sustainable business philosophy and not its driver. “Barrick’s distinctive approach to sustainability has evolved over many years, guided… Read More Here
Can mining ever be sustainable? 5 International Environment Social Governance (ESG) 

Can mining ever be sustainable?

Constance
In the greenest of ironies, the same technologies that could save us from the climate crisis rely on an industry whose environmental record is far from clean. Mining has run up a long list of troubling activities, from exorbitant water use to chemical pollution, the destruction of biodiversity and human rights abuses. On top of that, primary mineral and metal production is responsible for roughly 10 percent of global energy-related greenhouse gas emissions. Yet we need metals and minerals to manufacture electric vehicles, wind turbines, solar panels and batteries –… Read More Here
Epiroc releases fourth generation of Titan Collision Avoidance System 6 International Equipment & Technology Mining Equipment 

Epiroc releases fourth generation of Titan Collision Avoidance System

Constance
Epiroc, following its acquisition of Mernok Elektronik (Pty) Ltd in December 2022, has released the fourth generation of the Titan Collision Avoidance System (CAS), it says bringing significant advancements to enhance safety and operational efficiency in mining environments.  The latest iteration, Titan CAS Generation 4, builds upon the success of its predecessors by incorporating several key improvements tailored to meet the evolving needs of the mining industry. “The Generation 4 Titan CAS is an advanced system that raises the bar for safety and efficiency. It has been designed to meet… Read More Here
Glencore Canada gets federal funding boost for all electric mining fleet at Onaping Depth 7 International Equipment & Technology Mining Equipment 

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

Constance
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 8 International Mine Safety Mining safety Safety & Health 

Sibanye-Stillwater Achieves Record Safety Milestone in Q1

Constance
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 9 International Gold 

South Africa Was Africa’s Top Gold Producer in 2023

Constance
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 10 International Gold New Mining Projects 

Endeavour Mining Successfully Completes Senegal Mine Expansion Project

Constance
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

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