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Category: News in Brief

Burial of Sensele Mine Accident Victims Held in Chingola 1 Mining in Zambia Mine Safety News in Brief 

Burial of Sensele Mine Accident Victims Held in Chingola

Constance
The remains of the nine victims from the Sensele mine accident in Chingola district, Copperbelt, have been laid to rest at Chingola Cemetery. Mines Minister Paul Kabuswe emphasized the government’s commitment to ensuring safer operations for small-scale miners to prevent future accidents. During the burial, Copperbelt Minister Elisha Matambo expressed gratitude to the families of the deceased for their patience and cooperation during this difficult time. Chingola Mayor Johnson Kang’ombe and District Commissioner Raphael Chimupi reassured the mourners of the government’s support for the people of Chingola during such challenging… Read More Here
Four More Bodies Recovered from Sensele Mine Accident 2 Mining in Zambia Mining safety News in Brief 

Four More Bodies Recovered from Sensele Mine Accident

Constance
Tthe bodies of four miners have been retrieved from tunnels at Sensele Mine, in Chingola as the search continues for over 30 small-scale miners trapped underground since December 2023. Copperbelt Permanent Secretary Augustine Kasongo confirmed the recovery. The four bodies were removed from the same site where 13 bodies and one survivor were previously found. Mr. Kasongo expressed optimism that more bodies will be recovered from sites one and two. Preparations for a mass burial are underway as families work to identify the recovered bodies. SOURCE:znbc Read More Here
Mingomba Mining Limited Welcomes International Talent to Zambia 3 Mining in Zambia Mining Personality New Mining Projects News in Brief 

Mingomba Mining Limited Welcomes International Talent to Zambia

Constance
Mingomba Mining Limited, a collaboration between KoBold Metals and ZCCM Investments Holdings Plc, has announced the appointment of Mr. Kalimina Mwinga PMP as Project Control Manager and Mr. Fanuel K Banda, P.E., PMP as Chief Mining Engineer. Both Mwinga and Banda bring a wealth of international experience to their roles, having spent over a decade honing their skills in South Africa and the USA, respectively. Commenting on the appointments, KoBold Metals Africa CEO Mfikeyi Makayi stated, “We aren’t seeking the best talent solely within Zambia; rather, we are committed to… Read More Here
Glencore to Sell Stake in Volcan Compañia Minera to Integra Capital Subsidiary 4 International News in Brief 

Glencore to Sell Stake in Volcan Compañia Minera to Integra Capital Subsidiary

Constance
Swiss-based Glencore has finalized an agreement to divest its stake in Volcan Compañia Minera to a subsidiary of Integra Capital. Transition Metals will acquire Glencore’s stake in Volcan for $20 million. Volcan operates zinc, lead, and silver mines in Peru. As part of the agreement, Glencore has committed to providing Transition Metals with a secured facility of up to $40 million to fulfill certain mandatory tender offer obligations under Peruvian laws and regulations. The transaction does not require regulatory approvals and is anticipated to be completed this week. Read More Here
Montage Gold Discovers Large Gold Deposit in Ivory Coast 5 Gold International News in Brief 

Montage Gold Discovers Large Gold Deposit in Ivory Coast

Constance
Canadian mining company Montage Gold has made a significant gold discovery at the Koné mining project, located in Ivory Coast. Construction of the Koné mine, with an expected lifespan of around 20 years, is set to start in the last quarter of 2024, with production scheduled to commence in 2027. The processing plant at the Koné project is projected to have an annual capacity of 11 million tons of ore. Martino De Ciccio, CEO of Montage Gold revealed: “The mineral resources of this deposit, the largest mine in the country… Read More Here
President Tshisekedi Promotes Business Climate at France-DRC Forum 6 Mining in DRC Governance News in Brief 

President Tshisekedi Promotes Business Climate at France-DRC Forum

Constance
During his Paris visit, President Félix Tshisekedi addressed French businessmen at the Mendès-France Conference Center, emphasizing the direct link between the business climate unit and the Presidency of the Republic to ensure prompt responsiveness. Anthony Kinzo, Director General of the National Agency for the Promotion of Investments (ANAPI), highlighted the DRC’s progress, including the removal of 16 taxes as part of an emergency plan initiated in 2023 to enhance the business environment. The France-DRC Business Forum, organized by Medef, prioritizes strategic minerals, energy, and infrastructure development, crucial sectors for the… Read More Here
Winston Chitando Reappointed as Zimbabwe's Mines Minister 7 International Mining Personality News in Brief 

Winston Chitando Reappointed as Zimbabwe’s Mines Minister

Constance
President Emmerson Mnangagwa has reinstated Winston Chitando as Zimbabwe’s Mines Minister, a position he previously held before the elections last year. Chitando, who previously served as the Minister of Local Government, has been appointed back to his former role in a series of changes announced by Chief Secretary to the President and Cabinet Martin Rushwaya on Wednesday. Among the reshuffles, Soda Zhemu, who replaced Chitando, is now the Minister of National Housing and Social Amenities. According to Rushwaya’s statement, all appointments are effective immediately. Read More Here
Barrick Declares Q1 Dividend 8 Gold News in Brief 

Barrick Declares Q1 Dividend

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) on 1st of May announced the declaration of a dividend of $0.10 per share for the first quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q1 2024 dividend will be paid on June 17, 2024 to shareholders of record at the close of business on May 31, 2024. “The continued strength of our balance sheet and our global asset base provide us with the ability to maintain the distribution of a robust dividend to… Read More Here
Chile president wants copper output boost of 1Mt by 2026 9 International Copper News in Brief 

Chile president wants copper output boost of 1Mt by 2026

Constance
Chile President Gabriel Boric said on Thursday he is targeting an increase in the country’s annual copper output by 1 million metric tons by the end of his term in 2026. “We have to take advantage of this super-cycle of copper that has been spoken of positively in recent days,” he said at an event, adding that he was referring to state-run miner Codelco as well as privately run operations in the country that is the world’s top copper producer. SOURCE:mining.com Read More Here
Workers in Mozambique block entrance to ruby mine 10 International News in Brief 

Workers in Mozambique block entrance to ruby mine

Constance
One hundred workers from the logistics company REEF blocked the main entrance of the camp and the mine area where the company FURA’s ruby washing plant is located, in the Montepuez district, Cabo Delgado. The issue at hand is a debt of 17 million meticais owed by the REEF company. According to António Ramalho, secretary of the local union committee, workers have not received their wages for three months, and this is the way they found to pressure REEF to honor its commitments. The REEF representative, Rui Frederico, says the… Read More Here

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