Press Release - Copperbelt Katanga Mining

Ivanhoe's Platreef Project Overcomes Water Scarcity Challenge in South Africa 1

Mining operations are known for high water usage, which presents a significant challenge in Africa’s water-scarce regions. Ivanhoe’s Platreef Project in Mokopane, South Africa, has successfully addressed its water supply needs through a creative arrangement with the Mogalakwena Local Municipality (MLM). The Mogalakwena area, which is prone to medium-risk droughts, surrounds the Platreef mine, where Phase 1 operations will require up to 3 million liters of water daily, increasing to 9 million liters following Phase 2 expansion. In 2018, Ivanhoe, through its majority-owned subsidiary Ivanplats, reached a deal with MLM… Read More Here

Barrick Announces New Share Buyback Program

February 16, 2024February 16, 2024 Constance

Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) announced on Wednesday that it plans to undertake a new share repurchase program for the buyback of its common shares. Barrick’s Board of Directors has authorized a new program for the repurchase of up to $1.0 billion of the Company’s outstanding common shares over the next 12 months at prevailing market prices in accordance with applicable law. In connection with the new share repurchase program, Barrick has terminated the share repurchase program announced by the Company on February 15, 2023. The Company… Read More Here

Mining in Zambia Gold Press Release

ZCCM-IH Refutes Allegations of Losing Control Over Kasenseli Gold Mine

February 14, 2024February 14, 2024 Constance

ZCCM Investments Holdings Plc (ZCCM-IH) has come forward to address recent allegations circulating in certain media outlets regarding the purported loss of control over the Kasenseli Gold Mine. Contrary to these reports, ZCCM-IH asserts that the resumption of mining operations at Kasenseli Gold Mine is on the horizon, following the amicable resolution of disputes and the necessary consent to mine being granted. One of the key hurdles in the path to resuming operations was the resolution of disputes raised by one of the Kasenseli Gold Company Limited shareholders, Kampoko Resources… Read More Here

Copper Mining in DRC Press Release Transport and Logistics

Ivanhoe Mines’ Kamoa-Kakula to Export Copper via Lobito Railway

February 12, 2024February 12, 2024 Constance

Term sheet allocates Kamoa-Kakula up to 240,000 tonnes of annual capacity for export of copper products along the Lobito Corridor from 2025 ■ Lobito Corridor passes through Ivanhoe’s Western Foreland licences and within five kilometres ofKamoa-Kakula ■ Lobito Corridor will transform economic and social development of the DRC, as well as its neighbouring countries, accelerating regional economic development ■ Lobito Corridor is supported by the United States and G7 nations through the Partnership for Global Infrastructure and Investment Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna… Read More Here

Mining in DRC Electricity Gold Press Release

Kibali Gold Mine Sets Benchmark for Sustainable and Automated Mining

January 31, 2024January 31, 2024 Constance

KINSHASA, DEMOCRATIC REPUBLIC OF CONGO – Kibali, the largest gold mine in Africa, is now also one of the greenest mines on the African continent, Barrick president and chief executive Mark Bristow told media at a briefing on Monday January 29th. Much of the electricity that drives Kibali is already supplied by its three hydropower stations. Once the mine’s new 16 megawatt solar plant and additional battery energy storage infrastructure, designed to back up the hydropower supply during the region’s dry season, are commissioned, it is expected the mine’s overall renewable electricity… Read More Here

Mining in Zambia Battery Metals Copper Press Release

KANSANSHI US$1.25 BILLION S3 EXPANSION ON TRACK, SAYS FQM

January 17, 2024January 17, 2024 Constance

SOLWEZI, ZAMBIA – As part of its 2023 Preliminary Production and 2024-2026 guidance issued on Monday, First Quantum Minerals Ltd has reiterated its commitment to delivering the ‘S3 Expansion’ project at the Kansanshi mine, near Solwezi, North-Western Province. The announcement was made as part of a stock market announcement providing guidance on recent and future production across the company’s operations. In May 2022 First Quantum reinforced its commitment to Zambia by investing US$1.25 billion in the Kansanshi mine, the largest investment into the Zambian mining industry in recent years. Known… Read More Here

International Equipment & Technology Mining Equipment Partnership Press Release

Epiroc field trials battery-electric SmartROC D65 BE with Capital Limited

January 6, 2024January 22, 2024 Constance

Epiroc has partnered up with leading mining services company Capital Limited to field test the innovative SmartROC D65 BE, a battery-electric surface drill rig for the mining and construction industry. The battery-electric version of the well-known SmartROC D65 surface drill rig will be tested in Capital Limited´s African operations during 2024. The demand for zero emission or low emissions is high, as the world is pushing to transition from fossil-fuel-driven equipment to sustainably powered rigs. The field test of the SmartROC D65 BE is therefore important both for Epiroc and… Read More Here

Battery Metals International Press Release

UMK announces reduction in Manganese production

January 2, 2024January 2, 2024 Constance

Johannesburg: United Manganese of Kalahari (UMK) announced today that, in response to the worsening market conditions, it will reduce the production of manganese ore and concomitant to that, the sale of its ore products, for the time being. “Softened demand side conditions have informed our decision to ease production and sales,” said UMK chief executive Malcolm Curror. He added that the company will return to normalised outputs when the market recovers. Curror noted that the temporary slowdown in production and sales will have no impact on the company’s employee body. … Read More Here

International Gold Press Release

Barrick’s Twiga Minerals Strengthens Gold Refining Alliance with Rand Refinery

December 29, 2023December 29, 2023 Constance

Tanzania – Barrick Gold Corporation (Barrick), through its subsidiary Twiga Minerals Corporation, has sought to further streamline its gold refining activities by growing its partnership with Rand Refinery. Rand Refinery is a world-leading, LBMA-accredited gold and silver refiner based in South Africa. Rand Refinery completed its own on-site due diligence process of the Twiga operations in line with the LBMA’s Responsible Gold Guidance and the OECD Due Diligence Guidance. The majority of Twiga’s gold doré is now sent to Rand Refinery, with the balance continuing to be refined by MMTC PAMP. All… Read More Here

International Equipment & Technology Mining Equipment Mining technology Press Release

Caterpillar Showcases Sustainable Underground Solutions to Newmont

December 20, 2023December 20, 2023 Constance

Caterpillar Inc. (NYSE: CAT) has successfully demonstrated its first battery electric prototype underground mining truck, growing its portfolio of battery electric and semi-autonomous technology for underground mining applications. The demonstration for Newmont and other industry leaders, at the company’s proving ground in Tasmania, Australia, comes on the heels of the 793 battery electric prototype surface mining truck, which was unveiled in November of 2022. Caterpillar developed its first battery electric prototype underground mining truck with voice of customer input and support from Newmont Corporation. The companies are collaborating to achieve… Read More Here