Mining Personality - Copperbelt Katanga Mining

Billionaire Mining Magnate Friedland Says $15,000-a-Ton Copper Needed to Spur New Mines 1

Copper prices need to nearly double in order to prompt mining companies to build costly mines to meet rising demand for critical materials, according to billionaire Robert Friedland. The mining magnate said that forecasts of copper prices reaching $9,000 a metric ton next year isn’t enough to stimulate the industry to take on risks of building huge, capital intensive mines, especially in Latin America. “We probably need about $15,000 a ton, stable for a long period of time, before the industry can really gear up and build those giant mines,” Ivanhoe… Read More Here

Copper Mining in Zambia Mining Personality

New ZCCM-IH Vice Board Chair Tours Mopani Copper Mines PLC Facilities

December 7, 2023December 7, 2023 Constance

Mr. Mubita Akapelwa, the recently appointed Vice Board Chairperson of ZCCM-Investment Holdings (ZCCM-IH), conducted an extensive tour of Mopani Copper Mines PLC facilities on Wednesday, December 6th, 2023. Accompanied by senior officials from ZCCM-IH, Mr. Akapelwa visited various key operational sites in both Kitwe and Mufulira. In Kitwe, the delegation inspected crucial areas at the Nkana Mine Site, including the South Orebody (SOB) Shaft, Synclinorium Shaft, Synclinorium Concentrator, and the Mindola Deeps project. Their visit aimed to gain firsthand insights into the operations and ongoing projects at these strategic locations.… Read More Here

International Copper Mining Personality

FQM CEO Expresses Concerns Over Sustainability if Panama Operations Cease

December 4, 2023December 4, 2023 Constance

The chief executive of Canadian miner First Quantum said he would have to look into how the company could sustain its finances in the long term, given Panama’s push to annul operations at its local copper mine, the miner’s biggest revenue source. “We have strong finances in the short and medium term, but yes, we have to see how we sustain them in the long term,” Tristan Pascall said in an interview with Panamanian newspaper La Prensa published on Friday December 1st, when asked about the risk of bankruptcy for… Read More Here

International Mining Personality

Rio Tinto Chief to join IGO board

December 1, 2023December 1, 2023 Constance

Ivan Vella, former chief executive aluminium at Rio Tinto, will join the IGO leadership team as managing director and chief executive officer. Vella stepped down from his position at Rio in June, but remained with the company throughout the transition process. However, Vella’s contract with Rio was terminated on November 15. In a statement, Rio said the termination was due to the “failing to follow guidance on acceptable management of confidential information”. IGO spoke with both Vella and Rio Tinto about the termination, and has confirmed Vella’s future role with… Read More Here

Mining in DRC Mining Personality

Leadership Transition at Mutanda Mining Signals a New Era

November 4, 2023November 4, 2023 Constance

Christian Luhembwe, who held the position of General Manager at Mutanda Mining (MUMI SPRL), a major mining company in Haut-Katanga, has officially resigned from his key role as of November 3, 2023, according to a press release issued on the same day. In the press release, the management of MUMI SPRL emphasized that leadership changes are a common occurrence in the business world and clarified that they accepted Christian’s resignation due to his pursuit of new projects, effective immediately. MUMI management promptly disclosed the name of Christian Luhembwe’s successor. Mark… Read More Here

International Corporate News Mining Equipment Mining Personality

Caterpillar Appoints Chief Operating Officer

October 19, 2023October 19, 2023 Constance

Caterpillar Inc. (NYSE: CAT) has announced that Joseph E. Creed, group president of Energy & Transportation, has been appointed to the newly created position of chief operating officer, effective Nov. 1, 2023. In this newly created position, Creed will report to Jim Umpleby, chairman and chief executive officer. Reporting to Creed will be group presidents Tony Fassino of Construction Industries, Denise Johnson of Resource Industries and Bob De Lange of Services, Distribution and Digital. Creed’s replacement as group president of Energy & Transportation will be named at a later date and… Read More Here

International Gold Mining Personality

Mike Fraser appointed Gold Fields CEO

October 9, 2023October 9, 2023 Constance

Gold Fields has appointed Mike Fraser CEO and executive director of the company with effect from January 1, 2024. Fraser is currently CEO of Aim-listed Chaarat Gold Holdings. Prior to that, he was president and COO of South32’s key metal businesses. He will take over from Martin Preece, who took up the position of interim CEO on January 1 this year, following the resignation of former CEO Chris Griffith. To ensure a seamless leadership transition, Preece will continue as interim CEO until December 31. Preece will remain with the company thereafter as part of its executive management team,… Read More Here

International Gold Mining Personality

Sibanye-Stillwater CEO Neal Froneman Named Chair of World Gold Council

October 4, 2023October 4, 2023 Constance

Global gold industry organization, the World Gold Council (WGC), has appointed Neal Froneman, CEO of Sibanye-Stillwater, as its new chairperson and Niël Pretorius, CEO of DRDGold, as a director. Froneman, with over 40 years of mining experience, succeeds Randy Smallwood, President, and CEO of Wheaton Precious Metals Corp, who served as WGC chair since 2020. Under Froneman’s leadership, Sibanye-Stillwater transformed from a South African gold producer into a diversified mining and processing company with assets worldwide. Sibanye-Stillwater has also made significant strides in platinum group metals recycling and tailings reprocessing.… Read More Here

Corporate News Mining Personality

FIRST QUANTUM ANNOUNCES PASSING OF CO-FOUNDER AND CHAIRMAN PHILIP PASCALL

September 21, 2023September 24, 2023 Copperbelt Katanga News

First Quantum Minerals Ltd is deeply saddened to announce the passing of one of its founders and Chairman, Philip Pascall, on September 19, 2023. Philip passed away peacefully at home in Perth, Western Australia. Philip co-founded First Quantum in 1996, serving as the Chairman since its inception and Chief Executive Officer until 2022. Under his leadership, Philip instilled an entrepreneurial and bold culture that saw the Company grow from a 10,000 tonnes tailings re-processor with the Bwana Mkubwa project in Zambia to one of the world’s largest copper producers with… Read More Here

Mining Personality Corporate News

Founder and Former CEO of FQM Philip Pascall, Passes Away

September 20, 2023September 22, 2023 Constance

Toronto-listed First Quantum Minerals announced the passing of its co-founder and former CEO, Philip Pascall, on Tuesday 19th September. Pascall passed away at his residence in Perth, Western Australia. Philip Pascall, a key figure in the mining industry, co-founded First Quantum in 1996 and served as its Chairperson from the company’s inception until 2022. Under his visionary leadership, he instilled an entrepreneurial and daring culture that propelled the company’s growth from a modest 10,000-ton tailings re-processor with the Bwana Mkubwa project in Zambia to one of the world’s leading copper… Read More Here