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Category: Press Release

Ivanhoe Mines Reports Q3 2024 Production Results 1 Mining in DRC Copper Press Release 

Ivanhoe Mines Reports Q3 2024 Production Results

Constance
Kamoa-Kakula milled a record 3.3 million tonnes, producing a record 116,313 tonnes of copper in concentrate during Q3, with the Phase 3 concentrator in ramp-up Phase 3 concentrator ramp-up approaching steady-state throughput and recovery as at quarter end Kamoa-Kakula’s 2024 production guidance range adjusted to 425,000 – 450,000 tonnes of copper Kipushi produced 17,817 tonnes of zinc in concentrate during ramp-up in Q3 2024 Kipushi’s 2024 production guidance range lowered to 50,000 – 70,000 tonnes of zinc Kipushi concentrator now achieving recoveries in excess of 90%, as ramp-up continues to… Read More Here
Trafigura Appoints Richard Holtum as New CEO, Effective January 2025 2 Press Release International Mining Personality 

Trafigura Appoints Richard Holtum as New CEO, Effective January 2025

Constance
Trafigura Group Pte Ltd (“Trafigura”) has announced that Richard Holtum will become Chief Executive Officer (CEO) of Trafigura, effective 1 January 2025 and will join the Trafigura Board of Directors from 1 October 2024. Jeremy Weir, Executive Chairman and CEO, will step down from his executive responsibilities on 1 January 2025 and will become Chairman of the Trafigura Group. Sipko Schat, Independent Non-Executive Director of the Board, said: “The Board of Directors unanimously selected Richard Holtum to lead the Trafigura Group. Richard has achieved extensive success in developing high-performing teams and… Read More Here
Epiroc’s new Minetruck MT66 S eDrive with electric drivetrain combines power and innovation 3 International Equipment & Technology Press Release 

Epiroc’s new Minetruck MT66 S eDrive with electric drivetrain combines power and innovation

Constance
The new Minetruck MT66 S eDrive is the first of Epiroc’s large-capacity mine trucks to feature the latest generation electric drivetrain. Along with an upgraded and powerful diesel-engine, the hauler combines the cost-effectiveness of a traditional mine truck with the productivity of an electric one – without requiring change to a mine’s infrastructure. The Minetruck MT66 S eDrive has been completely redesigned to feature an electric drivetrain, powered by the strongest engine yet in Epiroc’s line-up of underground mine trucks. With several other upgrades, such as weight reduction and better… Read More Here
Barrick Continues to Unlock Value Embedded In Its Asset Base 4 Gold Press Release 

Barrick Continues to Unlock Value Embedded In Its Asset Base

Constance
COLORADO SPRINGS – Barrick is projecting a 30% growth in the production of gold-equivalent ounces from its existing assets by the end of this decade1 while it continues to unlock the value embedded in its portfolio, says president and chief executive Mark Bristow. Speaking at the Gold Forum Americas, Bristow said while Barrick was alert to potentially value-accretive opportunities generated by the consolidation of the industry, it had the rare luxury of doing so from an asset base that would support organic growth well into the future. “Five years ago, we set… Read More Here
Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling 5 International Equipment & Technology Mining Equipment Press Release 

Kal Tire announces Haltec Group as distribution partner for its KalPRO tooling

Constance
KalPRO, a new sub-brand of Kal Tire, represents a collection of innovative tools and offerings developed to enhance safety, efficiency and productivity VERNON, BC—Kal Tire’s Innovation Centre in western Canada has been designing and producing proprietary tooling for nearly 10 years to help improve safety and efficiency for its mining tire technicians. From tools that reduce fatigue and strain to ones that eliminate high risk, KalPRO tools enable technicians to perform work with greater ease, efficiency and safety. Now, some KalPRO tools will be available to technicians globally through Haltec… Read More Here
Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth 6 Gold International Press Release 

Key Projects Advance as Barrick Keeps Tight Focus on Value Creation and Growth

Constance
TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has reported increased earnings and production for its second quarter, in line with guidance, and said the Company was on track for a strong second half of the year. Net earnings1 were up 25% and the attributable EBITDA margin2 was up 17% quarter on quarter to 48% with strong operating cash flows of $1.16 billion and a material increase in free cash flow3 to $340 million. Net earnings per share were up 24% to $0.21, adjusted net earnings per share3 increased by 68% to $0.32, and the quarterly dividend was… Read More Here
Barrick Declares Q2 Dividend and Buys Back Shares 7 International Gold Press Release 

Barrick Declares Q2 Dividend and Buys Back Shares

Constance
TORONTO – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced the declaration of a dividend of $0.10 per share for the second quarter of 2024. The dividend is consistent with the Company’s Performance Dividend Policy announced at the start of 2022. The Q2 2024 dividend will be paid on September 16, 2024 to shareholders of record at the close of business on August 30, 2024. In addition to the dividend, Barrick repurchased 2.95 million shares during the second quarter under the $1 billion share buyback program that was announced in February 2024. “The continued… Read More Here
FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE 8 Mining in Zambia Copper Press Release 

FQM PARTNERS WITH UNZA AND CBU TO LAUNCH APPLIED FIELDWORK COURSE

Constance
 First Quantum Minerals has partnered with the University of Zambia (UNZA) and Copperbelt University (CBU) to create a comprehensive residential applied fieldwork course aimed at providing students with practical insights into the mineral exploration industry.   The course, spanning seven days, is conducted in an exploration field camp setting, featuring modules that replicate the entire exploration lifecycle from target generation to drill testing and related activities.  Some 15 fourth and fifth year UNZA students took part in the inaugural course earlier this month through the UNZA Society of Economic Geologist’s… Read More Here
First Quantum Declares Commercial Production at Enterprise Nickel Project 9 Mining in Zambia Battery Metals Nickel Press Release 

First Quantum Declares Commercial Production at Enterprise Nickel Project

Constance
First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) declared commercial production as of June 1, 2024 at the Enterprise nickel mine, located 12km away from the company’s Sentinel copper mine in the North Western Province of Zambia. First Quantum built, commissioned and delivered commercial operation in just over two years – another successfully executed project that demonstrates the company’s approach to delivering sustainable growth. Two years ago, First Quantum approved the Enterprise project – alongside the S3 Expansion project at Kansanshi – following a commitment made by… Read More Here
Higher Q2 Production Puts Barrick On Track to Deliver 2024 Targets 10 International Gold Press Release 

Higher Q2 Production Puts Barrick On Track to Deliver 2024 Targets

Constance
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) has reported preliminary Q2 production of 948 thousand ounces of gold and 43 thousand tonnes of copper, as well as preliminary Q2 sales of 956 thousand ounces of gold and 42 thousand tonnes of copper. As previously guided, Barrick’s gold and copper production in 2024 is expected to progressively increase each quarter through the year with a higher weighting in the second half. The Company remains on track to achieve our full year gold and copper guidance. The average market price for… Read More Here

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